To identify the relevant product markets for Swedish pharmaceuticals, a spatial econometrics approach is employed. First, we calculate Moran’s Is for different market definitions and then we use a spatial Durbin model to determine the effect of price changes on quantity sold off own and...

Two articles of eminent lawyer (Kaplow) and economists (Farrell and Shapiro) have recentlyquestioned the relevance and the utility itself of the notion of the relevant market.These articles do not confine themselves to show the main critiques but also propose differentoptions. In this short...