Market Delineation Algorithms Based on the Hypothetical Monopolist Paradigm
US DOJ Antitrust Division Economic Analysis Group Discussion Paper No. 02-8
25 Pages Posted: 15 Oct 2002
Date Written: July 27, 2002
Abstract
The U.S. Horizontal Merger Guidelines and guidelines issued by enforcement agencies around the world employ the hypothetical monopolist paradigm to delineate relevant markets, but they provide only an imprecise and incomplete algorithm for implementing that paradigm. This paper fills the gap by providing a mathematically precise algorithm for market delineation in merger cases based on the hypothetical monopolist paradigm.
Keywords: Antitrust, Market Delineation, Mergers
JEL Classification: L41
Suggested Citation: Suggested Citation
Werden, Gregory J., Market Delineation Algorithms Based on the Hypothetical Monopolist Paradigm (July 27, 2002). US DOJ Antitrust Division Economic Analysis Group Discussion Paper No. 02-8, Available at SSRN: https://ssrn.com/abstract=327282 or http://dx.doi.org/10.2139/ssrn.327282
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.