Imperfect Enforcement of Predatory Pricing Law

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Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Imperfect Enforcement of Predatory Pricing Law by : Theon van Dijk

Download or read book Imperfect Enforcement of Predatory Pricing Law written by Theon van Dijk and published by . This book was released on 2009 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important action that is illegal according to competition law, both in the US and Europe, is predatory pricing. In this paper we develop a model that allows an entrant to sue an incumbent for predatory pricing. The cost of production is essential for judgments in such cases, and we allow the court to make errors. The imperfect enforcement by courts, affects both the incentives to sue and competition between the entrant and the incumbent. For sufficiently high damages, the predatory pricing law is shown to stifle current competition. Sufficiently low damages may stimulate current competition, but at the expense of weaker future competition. Imperfect enforceability causes distortion in the incumbent's prices, even if a predatory pricing strategy is not adopted. Therefore, the cost of adopting predatory pricing - in terms of 1.period profit loss - is reduced as a consequence of the predatory pricing law.

The Antitrust Paradox

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Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)

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Book Synopsis The Antitrust Paradox by : Robert Bork

Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

Bank Risk Management in Developing Economies

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Publisher : Academic Press
ISBN 13 : 0128093595
Total Pages : 670 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Bank Risk Management in Developing Economies by : Leonard Onyiriuba

Download or read book Bank Risk Management in Developing Economies written by Leonard Onyiriuba and published by Academic Press. This book was released on 2016-10-04 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank Risk Management in Developing Economies: Addressing the Unique Challenges of Domestic Banks provides an up-to-date resource on how domestically-based banks in emerging economies can provide financial services for all economic sectors while also contributing to national economic development policies. Because these types of bank are often exposed to risky sectors, they are usually set apart from foreign subsidiaries, and thus need risk models that foreign-based banks do not address. This book is the first to identify these needs, proposing solutions through the use of case studies and analyses that illustrate how developing economic banking crises are often rooted in managing composite risks. The book represents a departure from classical literature that focuses on assets, liabilities, and balance sheet management, by which developing economy banks, like their counterparts elsewhere, have not fared well. - Contains fifty cases that reinforce risk management best practices - Provides a consistent chapter format that includes abstract, keywords, learning focus, and outcomes - Summaries, questions, and glossaries conclude each chapter

Strategy, Predation, and Antitrust Analysis

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Publisher :
ISBN 13 :
Total Pages : 772 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Strategy, Predation, and Antitrust Analysis by : Steven C. Salop

Download or read book Strategy, Predation, and Antitrust Analysis written by Steven C. Salop and published by . This book was released on 1981 with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Antitrust Analysis

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Publisher : Aspen Publishers
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Antitrust Analysis by : Phillip Areeda

Download or read book Antitrust Analysis written by Phillip Areeda and published by Aspen Publishers. This book was released on 1997 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reorganized for increased accessibility, The 1997 edition of ANTITRUST ANALYSIS presents coverage of current issues with the same incisive -- and effective -- approach that has earned the book its premier reputation in the field. The distinctive emphasis on textual explanations that has always characterized Antitrust Analysis continues in the Fifth Edition. These strong textual discussions convey essential background information and necessary economic principles. Further, less significant cases have been trimmed. The authors' vast expertise in antitrust and economics is shown in a casebook of truly unrivaled quality. ANTITRUST ANALYSIS, Fifth Edition, opens with a clear introduction To The history of antitrust law and a cogent presentation of important economics material. The authors then explore: horizontal agreements monopolization vertical agreements mergers price discrimination Reflecting ongoing movement in the antitrust arena, Areeda and Kaplow now address new developments in: intellectual property health care international aspects of antitrust law

Predatory Pricing in Antitrust Law and Economics

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Publisher : Routledge
ISBN 13 : 1317859634
Total Pages : 397 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Predatory Pricing in Antitrust Law and Economics by : Nicola Giocoli

Download or read book Predatory Pricing in Antitrust Law and Economics written by Nicola Giocoli and published by Routledge. This book was released on 2014-01-10 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can a price ever be too low? Can competition ever be ruinous? Questions like these have always accompanied American antitrust law. They testify to the difficulty of antitrust enforcement, of protecting competition without protecting competitors. As the business practice that most directly raises these kinds of questions, predatory pricing is at the core of antitrust debates. The history of its law and economics offers a privileged standpoint for assessing the broader development of antitrust, its past, present and future. In contrast to existing literature, this book adopts the perspective of the history of economic thought to tell this history, covering a period from the late 1880s to present times. The image of a big firm, such as Rockefeller’s Standard Oil or Duke’s American Tobacco, crushing its small rivals by underselling them is iconic in American antitrust culture. It is no surprise that the most brilliant legal and economic minds of the last 130 years have been engaged in solving the predatory pricing puzzle. The book shows economic theories that build rigorous stories explaining when predatory pricing may be rational, what welfare harm it may cause and how the law may fight it. Among these narratives, a special place belongs to the Chicago story, according to which predatory pricing is never profitable and every low price is always a good price.

A Framework for the Design and Implementation of Competition Law and Policy

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Publisher : World Bank Publications
ISBN 13 : 9780821342886
Total Pages : 172 pages
Book Rating : 4.3/5 (428 download)

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Book Synopsis A Framework for the Design and Implementation of Competition Law and Policy by : R. S. Khemani

Download or read book A Framework for the Design and Implementation of Competition Law and Policy written by R. S. Khemani and published by World Bank Publications. This book was released on 1999 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dynamic and competitive environment, underpinned by competition law policy, is an essential characteristic of successful market economies. To satisfy the growing demand for information on current approaches and practices in competition law policy, the project "Framework for the Design and Implementation of Competition Law-Policy" was initiated by the World Bank, with participation by OECD. This ensuing volume reflects the main issues that arise in design and implementation of competition law and policy in order to assist countries in developing an approach that suits their own needs and conditions. The views articulated in this publication suggest that the administration and enforcement of competition law policy should assign the greatest importance to fostering economic efficiency and consumer welfare.

Antitrust Law

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Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.:/5 (44 download)

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Book Synopsis Antitrust Law by : Richard A. Posner

Download or read book Antitrust Law written by Richard A. Posner and published by . This book was released on 1976 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A creative, informative, and highly readable narrative... The book consists of four sections dealing in turn with (1) the law and economics of antitrust policy; (2) the problem of collusion; (3) the question of exclusionary practices; and (4) the difficulties of enforcement... This is a provocative work that judiciously raises pertinent questions about our antitrust policy.'-Robert J. Steamer, Perspective

The Economics of Regulation

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Publisher : MIT Press
ISBN 13 : 9780262610520
Total Pages : 620 pages
Book Rating : 4.6/5 (15 download)

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Book Synopsis The Economics of Regulation by : Alfred E. Kahn

Download or read book The Economics of Regulation written by Alfred E. Kahn and published by MIT Press. This book was released on 1988-06-22 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. In his lengthy new introduction to this edition Kahn surveys and analyzes the deregulation revolution that has not only swept the airlines but has transformed American public utilities and private industries generally over the past seventeen years. While attitudes toward regulation have changed several times in the intervening years and government regulation has waxed and waned, the question of whether to regulate more or to regulate less is a topic of constant debate, one that The Economics of Regulation addresses incisively. It clearly remains the standard work in the field, a starting point and reference tool for anyone working in regulation.Kahn points out that while dramatic changes have come about in the structurally competitive industries - the airlines, trucking, stock exchange brokerage services, railroads, buses, cable television, oil and natural gas - the consensus about the desirability and necessity for regulated monopoly in public utilities has likewise been dissolving, under the burdens of inflation, fuel crises, and the traumatic experience with nuclear plants. Kahn reviews and assesses the changes in both areas: he is particularly frank in his appraisal of the effect of deregulation on the airlines. His conclusion today mirrors that of his original, seminal work - that different industries need different mixes of institutional arrangements that cannot be decided on the basis of ideology.

Market Oversight Games

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Publisher : Amsterdam University Press
ISBN 13 : 9056296639
Total Pages : 41 pages
Book Rating : 4.0/5 (562 download)

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Book Synopsis Market Oversight Games by : Maarten Pieter Schinkel

Download or read book Market Oversight Games written by Maarten Pieter Schinkel and published by Amsterdam University Press. This book was released on 2011-03 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Big business plays cat & mouse with market regulators. Market participants try to avoid the competitive pressures that the regulators are working to keep up. Only if the latter play these games at least as cleverly as the former can we reap all the fruits of competition. A case in point is the European Commission's ongoing struggle with VISA and MasterCard. Another example is the Dutch telecom regulator OPTA's pursuit of the local cable monopolies in The Netherlands. The Dutch Central Bank DNB vs. DSB Bank is a strategic market oversight game as well. In his inaugural lecture as Professor of Competition Economics and Regulation, Maarten Pieter Schinkel draws on game theory, artificial intelligence research on Pac-Man, and forensic evidence obtained through undercover surveillance to develop optimal market oversight strategies. He argues that market supervisors should have strong discretionary authority to be able to creatively pursue continuously changing business strategies with an evasive edge. This . finding has implications for the interpretation of the principle of legal certainty. As illustrations, Schinkel outlines several possible evasion strategies in recent competition cases. He gives examples of strong counter-play by the US Department of Justice, the European Commission, the UK Office of Fair Trading and the Netherland Competition Authority NMa. Schinkel warns against .flying blind on leniency instruments and complaints made by rivals. He points out how market supervisors can become a pawn in the game between powerful companies.

Natural Monopolies in Digital Platform Markets

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Publisher : Cambridge University Press
ISBN 13 : 1108491146
Total Pages : 203 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Natural Monopolies in Digital Platform Markets by : Francesco Ducci

Download or read book Natural Monopolies in Digital Platform Markets written by Francesco Ducci and published by Cambridge University Press. This book was released on 2020-07-23 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through three case studies, this book investigates whether digital industries are naturally monopolistic and evaluates policy approaches to market power.

Law and Economics of Article 102 TFEU

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Publisher : Bloomsbury Publishing
ISBN 13 : 1509942963
Total Pages : 1608 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis Law and Economics of Article 102 TFEU by : Robert O'Donoghue KC

Download or read book Law and Economics of Article 102 TFEU written by Robert O'Donoghue KC and published by Bloomsbury Publishing. This book was released on 2020-09-03 with total page 1608 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A reference book in this area of EU competition law and a must-have companion for academics, enforcers and practitioners alike, as well as EU and national judges.” Judge Nils Wahl, Court of Justice of the European Union This seminal text offers an authoritative and integrated treatment of the legal and economic principles that underpin the application of Article 102 TFEU to the behaviour of dominant firms. Traditional concerns of monopoly behaviour, such as predatory pricing, refusals to deal, excessive pricing, tying and bundling, discount practices and unlawful discrimination are treated in detail through a review of the applicable economic principles, the case law and decisional practice and more recent economic and legal writings. In addition, the major constituent elements of Article 102 TFEU, such as market definition, dominance, effect on trade and applicable remedies are considered at length. The third edition involves a net addition of over 250 pages, with a substantial new chapter on Abuses In Digital Platforms, an extensively revised chapter on standards, and virtually all chapters incorporating substantial revisions reflecting key cases such as Intel, MEO, Google Android, Google Shopping, AdSense, and Qualcomm.

The Economics of Platforms

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Publisher : Cambridge University Press
ISBN 13 : 1108625622
Total Pages : 275 pages
Book Rating : 4.1/5 (86 download)

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Book Synopsis The Economics of Platforms by : Paul Belleflamme

Download or read book The Economics of Platforms written by Paul Belleflamme and published by Cambridge University Press. This book was released on 2021-11-11 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital platforms controlled by Alibaba, Alphabet, Amazon, Facebook, Netflix, Tencent and Uber have transformed not only the ways we do business, but also the very nature of people's everyday lives. It is of vital importance that we understand the economic principles governing how these platforms operate. This book explains the driving forces behind any platform business with a focus on network effects. The authors use short case studies and real-world applications to explain key concepts such as how platforms manage network effects and which price and non-price strategies they choose. This self-contained text is the first to offer a systematic and formalized account of what platforms are and how they operate, concisely incorporating path-breaking insights in economics over the last twenty years.

A.A. Poultry Farms, Inc. V. Rose Acre Farms, Inc

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.W/5 ( download)

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Book Synopsis A.A. Poultry Farms, Inc. V. Rose Acre Farms, Inc by :

Download or read book A.A. Poultry Farms, Inc. V. Rose Acre Farms, Inc written by and published by . This book was released on 1988 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Predatory Pricing in a Market Economy

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Publisher :
ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Predatory Pricing in a Market Economy by : Roland H. Koller

Download or read book Predatory Pricing in a Market Economy written by Roland H. Koller and published by . This book was released on 1978 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Antitrust Law

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (77 download)

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Book Synopsis Antitrust Law by : Phillip Areeda

Download or read book Antitrust Law written by Phillip Areeda and published by . This book was released on 1978 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Predation

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Publisher : Cambridge University Press
ISBN 13 : 1107133971
Total Pages : 429 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Political Economy of Predation by : Mehrdad Vahabi

Download or read book The Political Economy of Predation written by Mehrdad Vahabi and published by Cambridge University Press. This book was released on 2016 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses conflict theory through one type of conflict in particular: manhunting, or predation.