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Market Definition 2012 - OECD

Market Definition 2012 The OECD Competition Committee debated Market Definition in June 2012. This document includes an executive summary, an aide-memoire of the discussion and the documents from the meeting: an analytical note by Ulrich Schwalbe and Frank Maier-Rigaud, written submissions by Australia, Bulgaria, Colombia, Chile, Finland, France, the European Union, Germany, Hungary, Indonesia, Ireland, Israel, Japan, Latvia, Korea, Malta, Mexico, Norway, Peru, Poland, Romania, the Russian Federation, South Africa, Spain, Sweden, Switzerland, Chinese Taipei, Turkey, Ukraine, the United Kingdom, the United States and BIAC as well as a contribution from Nils Wahl. Standard for Merger Review (2009) Two-sided Markets (2009) Presenting Complex Economic Theories to Judges (2008) Market Definition is one of the most fundamental concepts underpinning essentially all competition policy issues, from mergers, through dominance/monopolisation to agreements.

Market definition provides an analytical framework for the ultimate inquiry of whether a particular conduct or transaction is likely to produce anticompetitive effects. The roundtable covered market definition from a legal and economic point of view but also new methods ranging from merger simulation models, compensating

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