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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Stationarity tests in geographic markets: an application to South African milk markets
Author:Boshoff, Willem H.
Year:2007
Periodical:South African Journal of Economics
Volume:75
Issue:1
Pages:52-65
Language:English
Geographic term:South Africa
Subjects:food market
competition
milk
Link:http://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2007.00103.x/pdf
Abstract:This paper focuses on the delineation of geographic markets in competition analysis, investigating the use of quantitative techniques - as proposed by M. Forni (2004) - in the market definition exercise. Although the product market definition is also included in the earlier part of the discussion, the empirical application focuses on geographic markets. A systematic geographic market definition exercise requires a clear rationale and a conceptual framework. This framework is developed in the next section; a following section elaborates on the quantitative procedures (specifically, tests of price co-movement). Lastly, an empirical demonstration is attempted, based on a recent investigation into alleged abuse of dominance in the South African milk industry at the producer/processor level. Bibliogr., notes, ref., sum. [Journal abstract, edited]
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