Elizalde, Javier - In: European Journal of Law and Economics 36 (2013) 3, pp. 471-521
This paper applies the ‘hypothetical monopolist’ test of market definition to a retail market with products … locations of consumers vis-à-vis the stores, shows that empirical tests of market definition may lead to an implausible (too … restrictive) definition of the relevant market if supply-side substitution is not accounted for. It also shows that the main …