Comment

• Author: Carl R. Gwin
• Published date: 01 March 1997
• Date: 01 March 1997
• DOI: http://doi.org/10.1177/0003603X9704200107
• Subject Matter: Symposium: Economics of Antitrust Enforcement

The Antitrust Bulletin/Spring 1997

Comment

BY CARL R. GWIN*

85

In

Measuring

the

Degree

of

Interindustry

Competition

in U.S. v.

Continental

Can,

Lawrence

Wu

and

De-Min

Wu

examine

the

question of how we can measure the extent to which the markets

of

related industries are integrated. The article is motivated by the

issue

of

when should the government step in and block amerger

between two firms in different but related industries. This issue is

clearly

of

great importance to the judiciary, government agencies

involved in antitrust regulation, legal scholars and practitioners,

and industry.

The

authors view a

market

as

defined

by price uniformity.

Complete price uniformity implies that price levels within a mar-

ket

should be the same.

The

article uses aweaker definition

of

price uniformity in that prices need only be relatively close to the

same.

The

definition is weaker because there is no

established

*Associate Instructor, Department of Business Economics &Public

Policy, School of Business, Indiana University, Bloomington, IN.

AUTHOR'S NOTE: The author prepared this article

for

asymposium on

The Economics

of

Antitrust

Enforcement

for

the 71st

Annual

WEA

International Conference, July 1, 1996,

for

a session jointly sponsored by

WEA International and The Antitrust Bulletin.

©1997 by Federal Legal Publications. Inc.