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Contribution to Book
Measuring market power and competition policy in Hong Kong
Measuring market power
  • Ping LIN, Department of Economics, Lingnan University
  • Edward K. Y. CHEN
Document Type
Book chapter
Publication Date
1-1-2002
Publisher
Elsevier
Keywords
  • Competition policy; market power
Disciplines
Abstract

Unlike most other advanced countries, Hong Kong does not yet have a comprehensive competition law. Yet lack of competition and abuse of market power exist in many important sectors, as found by a series of studies issued by the Hong Kong Consumer Council in the 1990s. We describe in detail the approach of the Consumer Council in measuring market power in various markets, particularly its use of the conventional structure-conduct-performance paradigm combined with the unique roles of land scarcity and market contestability. The second part of the chapter provides an evaluation of the current competition policy in Hong Kong, which came into effect in 1998 as a result of the Consumer Council’s studies.

Additional Information
ISBN of the source publication: 0444511563
Citation Information
Lin, P., & Chen, K. Y. (2002). Measuring market power and competition policy in Hong Kong. In D. J. Slottje (Ed.), Measuring market power (pp.135-152). Boston: Elsevier.