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- W3124489920 abstract "This chapter analyzes the concepts of classical and antitrust (economic) markets. More specifically, Sects. 6.1 and 6.2 respectively explain why the definitions of “classical economic markets” and so-called antitrust markets are inevitably arbitrary not just at their peripheries but comprehensively. In so doing, Sect. 6.1 reveal the “cost”-ineffectiveness of the conventional approaches to antitrust-law application and antitrust-policy design, which pay considerable attention to the pre-choice and/or post-choice magnitudes of parameters whose definition assumes that relevant markets can be defined non-arbitrarily (e.g., on perpetrator-market-share, conventional-market-concentration, and HHI figures) and (2) explain why this study’s policy-analysis protocols do not instruct the analyst to base decisions on the magnitude of any market-aggregated parameter." @default.
- W3124489920 created "2021-02-01" @default.
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- W3124489920 date "2002-12-01" @default.
- W3124489920 modified "2023-09-23" @default.
- W3124489920 title "On the Inevitable Arbitrariness of Market Definitions" @default.
- W3124489920 doi "https://doi.org/10.1177/0003603x0204700402" @default.
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