“ASSESSING MARKET DOMINANCE”: A COMMENT AND AN EXTENSION
Vassilis Droucopoulos
Department of Economics, University of Athens
Panagiotis Chronis
Bank of Greece, Economic Research Department
ABSTRACT
Melnik et al. [Melnik, A., Shy, Oz, Stenbacka, R., 2008. Assessing market dominance. Journal of Economic Behavior and Organization 68, 63-72] have proposed a new statistic to assess market dominance. In this comment we expand their discussion of certain mathematical properties in their analysis and link their methodology to some previous approaches.
Keywords: Firm’s dominance; Dominant position; Measure of dominance
Acknowledgements: The authors thank Professor (Emeritus) George Krimpas and Heather Gibson for valuable comments. All remaining errors are solely our responsibility. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Bank of Greece.
Correspondence:
Vassilis Droucopoulos
Department of Economics
University of Athens,
8 Pesmazoglou str.
Athens 10559, Greece
Tel.: +30- 210-3223148