Abstract
| Original language | English |
|---|---|
| Place of Publication | Frederiksberg |
| Publisher | Copenhagen Business School, CBS |
| Number of pages | 24 |
| Publication status | Published - 2005 |
| Series | Working Paper / Department of Economics. Copenhagen Business School |
|---|---|
| Number | 2-2005 |
Keywords
- Relevant market
- Econometric delineation
- Salmon
Cite this
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Sequential versus simultaneous market delineation : The relevant antitrust market for salmon. / Haldrup, Niels; Møllgaard, Peter; Kastberg Nielsen, Claus.
Frederiksberg : Copenhagen Business School, CBS, 2005.Research output: Working paper › Research
TY - UNPB
T1 - Sequential versus simultaneous market delineation
T2 - The relevant antitrust market for salmon
AU - Haldrup, Niels
AU - Møllgaard, Peter
AU - Kastberg Nielsen, Claus
PY - 2005
Y1 - 2005
N2 - Delineation of the relevant market forms a pivotal part of most antitrustcases. The standard approach is sequential. First the product marketis delineated, then the geographical market is defined. Demand andsupply substitution in both the product dimension and the geographicaldimension will normally be stronger than substitution in either dimension.By ignoring this one might decide first to define products narrowly andthen to define the geographical extent narrowly ignoring the possibility ofa diagonal substitution. These reflections are important in the empiricaldelineation of product and geographical markets. Using a unique data setfor prices of Norwegian and Scottish salmon, we propose a methodologyfor simultaneous market delineation and we demonstrate that comparedto a sequential approach conclusions will be reversed.JEL: C3, K21, L41, Q22Keywords: Relevant market, econometric delineation, salmon.
AB - Delineation of the relevant market forms a pivotal part of most antitrustcases. The standard approach is sequential. First the product marketis delineated, then the geographical market is defined. Demand andsupply substitution in both the product dimension and the geographicaldimension will normally be stronger than substitution in either dimension.By ignoring this one might decide first to define products narrowly andthen to define the geographical extent narrowly ignoring the possibility ofa diagonal substitution. These reflections are important in the empiricaldelineation of product and geographical markets. Using a unique data setfor prices of Norwegian and Scottish salmon, we propose a methodologyfor simultaneous market delineation and we demonstrate that comparedto a sequential approach conclusions will be reversed.JEL: C3, K21, L41, Q22Keywords: Relevant market, econometric delineation, salmon.
KW - Markedsformer
KW - Antitrust
KW - Laks
KW - Relevant market
KW - Econometric delineation
KW - Salmon
M3 - Working paper
T3 - Working Paper / Department of Economics. Copenhagen Business School
BT - Sequential versus simultaneous market delineation
PB - Copenhagen Business School, CBS
CY - Frederiksberg
ER -