By Eduardo Saavedra & Javier Tapia –
In this short note, we aim to advance towards the creation of a workable and objective rule for determining when a price should be deemed excessive – minimizing, at the same time, the risk of damaging innovation or research and development. We propose and formalize a test that combines different benchmarks to set a threshold. In a nutshell, if the price a super-dominant firm actually charges is below the threshold, there should be no review of t
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