Quantitative Price Tests in Antitrust Market Definition with an Application to the Savory Snacks Markets

Yannis Katsoulacos, Ioanna Konstantakopoulou, Metsiou Eleni () and Mike Tsionas
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Metsiou Eleni: Department of Economics, Athens University of Economics and Business, 76 Patission Street, Athens 10434, Greece

Journal of Agricultural & Food Industrial Organization, 2014, vol. 12, issue 1, 1-33

Abstract: In this paper, we utilize the complete set of quantitative tests at the disposal of economists for delineating antitrust markets. This includes the Small but Significant Increase in Price (SSNIP) test but also a large number of traditional and newer price co-movement tests. We apply these tests to the savory snacks market using Greek bi-monthly data. This market has been subject to many antitrust investigations because of its market structure and its important implications for consumer welfare. However, no dominant view has yet emerged regarding the appropriate definition of the relevant market. Our results indicate that a wide relevant market definition is appropriate.

Keywords: market definition; quantitative price-co-movement tests; savory snacks market (search for similar items in EconPapers)
JEL-codes: K21 L40 L66 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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DOI: 10.1515/jafio-2013-0022

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