Journal of Undergraduate Research
Keywords
data mining, market power analysis, value of cooperation
College
Physical and Mathematical Sciences
Department
Computer Science
Abstract
The question about market power is interesting both for business managers and market regulators. Market regulators are interested in maximizing total social welfare in a market by protecting market competition. Business managers want to know the power of different firms or parts of a firm to know their true value in acquisition. The measurement of market power turns out to computation-intensive and requires a very large amount of market data. The well-known measure, the Herfindahl-Hirshman Index, requires on large amount of scanner data to determine the market share of individual firms in markets. This measure also relies on legal definitions of particular markets, which can be very subjective.
Recommended Citation
Tran, Nghia and Warnick, Dr. Sean
(2013)
"A Data Mining Approach to Market Power Analysis,"
Journal of Undergraduate Research: Vol. 2013:
Iss.
1, Article 2642.
Available at:
https://scholarsarchive.byu.edu/jur/vol2013/iss1/2642