Events

Author:
Dr. Sharon Pang, Principal of Charles River Associates, Washington, USA

Topic :
Economic Assessment of Substantial Market Power

Abstract:

The antitrust laws in most jurisdictions, including the newly enacted Hong Kong Competition Ordinance, prohibit firms with a substantial degree of market power from abusing their power to harm competition. This presentation discusses the concept of substantial market power in the context of antitrust litigation and merger review in the U.S., and describes a few methodologies that antitrust economists use to assess whether or not a firm possesses substantial market power. The presentation focuses on the economic framework behind these methodologies, and provides examples of actual antitrust cases in which such methodologies were applied.