Monday, September 20, 2010
Posted by D. Daniel Sokol
Vasilis Droucopoulos (University of Athens) and Panagiotis Chronis (Bank of Greece) discuss “Assessing market dominance”: a comment and an extension.
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.