منابع مشابه
Profitability Measures and Competition Law
Economists and antitrust authorities recognize that firms with market power often raise prices above competitive levels and thus earn monopolistic profits that exceed the competitive cost of capital. In both the U.S. and Europe, this recognition has led antitrust authorities (and courts) to consider profitability evidence when determining whether a firm has market power. In Europe, unlike the U...
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This paper looks at one particular aspect of the application of concurrency—the analysis of profitability. It warns of the danger that the standards of assessment employed in utility price setting will be carried over from ex ante regulation to settings where it is inappropriate, such as the ex post analysis of competitive markets. Utility regulation profitability standards are inevitably stati...
متن کاملCRA COMPETITION POLICY DISCUSSION PAPERS 9 The (mis)use of profitability analysis in competition law cases
The UK Office of Fair Trading and Competition Commission have recently taken the position that the analysis of an industry’s profits can yield important information about how competitive it is. This approach is not used in the US and rarely in the EU. There are a number of good reasons for this. First, it is not true that, even in a long-run competitive equilibrium, firms will earn zero economi...
متن کاملThe relationship between competition law and capital market in Iran
stock market is run by special regulations. accordingly, analyzing the issues about the relation between the competition law and capital market such as stock market officials and their boundaries in the context of setting, controlling and enforcing rules, the generality or specificity of such rules, the controllability of stock market in comparison to the general competition rules and the stat...
متن کاملActual Competition, Potential Competition, and Bank Profitability in Rural Markets
The nature of the relationship between the structure of the market in which banks operate-the number and size distribution of actual competitors in a market-and their performance has been examined in a considerable number of empirical studies over the past 20 years.' Industrial organization economists have investigated the structure; performance relationship for a wide variet). of intraand inte...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.893522