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Measuring Market Power

Name: Measuring Market Power
Brand: Elsevier Science & Technology
SKU: 166830764
Price: 3685.00 ZAR
Availability: InStock

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This excerpt from a book discusses the concept of market power and how it is measured. It also provides a few examples of industries where market power is likely to be present.

Key Features

The ability of a company to set the terms of competition in an industry

The ability of a company to raise prices above those of its competitors

The ability of a company to restrict supply Examples of industries where market power is likely to be present include:

Telecommunications: Telecom companies have the ability to set the terms of competition, such as by charging for access to their networks. They can also set the prices that their competitors can charge for services.

Electricity: Electricity companies have the ability to set the terms of competition, such as by charging for access to their networks. They can also set the prices that their competitors can charge for electricity.

Pharmaceuticals: Pharmaceutical companies have the ability to set the terms of competition, such as by charging for access to their patents. They can also set the prices that their competitors can charge for pharmaceuticals.

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Features

Manufacturer

Elsevier Science & Technology

Description

Dedicated to the measurement and definition of market power across a broad array of industries, this text should provide economists and lawyers with an insight into how anti-trust economists actually go about measuring market power in a given industry. The Contributions to Economic Analysis series consists of a number of previously unpublished studies. The term economic analysis is used because it covers the activities of the theoretical economist and the research worker.

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