Journal article icon

Journal article

Bidding Markets.

Abstract:

The existence of a "bidding market" is commonly cited as a reason to tolerate the creation or maintenance of highly concentrated markets. We discuss three erroneous arguments to that effect: the "consultants' fallacy" that "market power is impossible," the "academics' fallacy" that (often) "market power does not matter," and the "regulators' fallacy" that "intervention against pernicious market power is unnecessary," in markets characterized by auctions or bidding processes. Furthermore we ar...

Expand abstract

Actions


Access Document


Publisher copy:
10.1093/joclec/nhl017

Authors


Journal:
Journal of Competition Law and Economics
Volume:
3
Issue:
1
Publication date:
2007-01-01
DOI:
URN:
uuid:647df894-8ae4-419b-9bf3-4cba55650246
Local pid:
oai:economics.ouls.ox.ac.uk:14334
Language:
English

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP