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Defining markets for ex ante regulation using the hypothetical monopoly test

Lookup NU author(s): Professor Ian Dobbs

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Abstract

The EU is gradually systematizing its approach to ex ante regulation (notably with the publication of the recent regulatory framework for Electronic communications). Market definition is viewed as an essential first step in this, with the 'Hypothetical Monopoly Test a useful conceptual tool for use in the assessment. This paper examines the use of this test for market definition when there are several differentiated goods or services under consideration. It sets out an analytic framework, discusses the pros and cons of using the test and illustrates its use in a Telecom context.

Publication metadata

Author(s): Dobbs IM

Publication type: Article

Publication status: Published

Journal: International Journal of the Economics of Business

Year: 2006

Volume: 13

Issue: 1

Pages: 83-109

ISSN (print): 1357-1516

ISSN (electronic): 1466-1829

Publisher: Routledge

URL: http://dx.doi.rog/10.1080/13571510500520028

DOI: 10.1080/13571510500520028

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