Market definition is fundamental to EU competition law. It serves as a preliminary step in assessing dominance, anti-competitive conduct, and merger control. With respect to the pharmaceutical sector, traditional approaches to defining the relevant market face specific hurdles. Therapeutic...

In this paper, we estimate a translog production function for Major League Baseball (MLB) teams that uses factor inputs for hitting, pitching and defence over the 1960-2024 MLB seasons. The computed elasticities of substitution suggest that hitting and pitching are used in fixed proportions,...