| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1754 |
| DP1754 The Winner's Curse and the Failure of the Law of Demand | |
| Jeremy Bulow; Paul Klemperer | |
| 发表日期 | 1997-11-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | Market definitions are an abstraction: they are useful only to the extent that they help us to organize the way we think about certain types of economic activity. This paper critically examines three different methods of identifying market boundaries, stressing the link between substantive content and the needs of the user of the definition. Most traditional definitions have focused on identifying trading markets (defined by the ?law of one price?) or anti-trust markets (identified by reference to the ability of a group of firms to artificially elevate prices). A third market concept ? that of the strategic market ? focuses more directly on the needs of corporate users. |
| 主题 | Industrial Organization |
| 关键词 | Anti-trust Corporate strategy Markets |
| URL | https://cepr.org/publications/dp1754 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530895 |
| 推荐引用方式 GB/T 7714 | Jeremy Bulow,Paul Klemperer. DP1754 The Winner's Curse and the Failure of the Law of Demand. 1997. |
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