A PYMNTS Company

Critical Loss: Implementing the Hypothetical Monopolist Test

BY | April 1, 2008

This article is part of a Chronicle. See more from this Chronicle Malcolm Coate, Jeffrey Fischer, Apr 01, 2008 This comment responds to two recent papers on critical loss in…

This article is part of a Chronicle. See more from this Chronicle

Malcolm Coate, Jeffrey Fischer, Apr 01, 2008

This comment responds to two recent papers on critical loss in this magazine. The first, by Gregory J. Werden, cautions against the standard application of CL analysis. The second, by Kevin Murphy and Robert Topel, concludes the CL concept is “so fundamentally flawed that it cannot be used as a tool of market definition.” In this paper, we show that Werden overstates his cas

...
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 44.210.83.132

Please verify email or join us to access premium content!