Working Paper No. 07-06: Market Power Without A Large Market Share: The Role of Imperfect Information and other “Consumer Protection” Market Failures

3-13-07AAI Director Robert H. Lande of the University of Baltimore Law School based his testimony before the Joint DOJ-FTC Hearings on Single-Firm Conduct on this paper, which urges that greater attention be paid to ways in which deception, imperfect information, and asymmetric information can contribute to market power.