Towards a formalization of the Hypothetical Monopoly Test
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| Publication date | 2008 |
| Number of pages | 8 |
| Publisher | onbekend: Afdeling Algemene Economie |
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| Abstract | We provide the first formalization ever of the HypotheticalMonopoly Test (HMT) to identify relevant markets. This reveals that the outcome of the test crucially depends on the intensity of competition. For two types of competition intensities, one related to market structure and one related to firm conduct, the working of the HMT is illustrated. |
| Document type | Working paper |
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