Are Predatory Commitments Credible? : Who Should the Courts Believe? Hardback
by John R., Jr. Lott
Part of the Studies in Law & Economics series
Hardback
- Information
Description
Predatory pricing has long been a contentious issue among lawmakers and economists.
Legal actions are continually brought against companies.
But the question remains: how likely are firms to cut prices in order to drive rivals out of business?
Predatory firms risk having to keep prices below cost for such an extended period that it would become cost-prohibitive.
Recently, economists have turned to game theory to examine circumstances under which predatory tactics could be profitable.
John R. Lott, Jr. provides empirical analysis in this book. By examining firms accused of or convicted of predation over a 30-year period of time, he shows that these firms are not organized as the game-theoretic or other models of predation would predict.
In contrast, what evidence exists for predation suggests that government enterprises are more of a threat.
Lott presents data and analysis, attacking an issue of major legal and economic importance.
Information
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Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Hardback
- Pages:176 pages
- Publisher:The University of Chicago Press
- Publication Date:01/07/1999
- Category:
- ISBN:9780226493558
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Hardback
- Pages:176 pages
- Publisher:The University of Chicago Press
- Publication Date:01/07/1999
- Category:
- ISBN:9780226493558
