Are Predatory Commitments Credible?

Who Should the Courts Believe?

By: John R. Lott

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Hardcover | 5 August 1999 | Edition Number 1

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176 Pages

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23.3 x 16.04 x 1.98

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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 long-awaited empirical analysis in this book. By examining firms accused of or convicted of predation over a thirty-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 crucial new data and analysis, attacking an issue of major legal and economic importance. This impressive work will be of great interest to economists, legal scholars, and antitrust policy makers.

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You Can Find This Book In

Non-Fiction Law Laws of Specific Jurisdictions Criminal Law & Procedure Legal System in General Courts & Procedure Business & Management Sales & Marketing Company Law Competition Law & Antitrust Law Economics Economic Theory & Philosophy

Microeconomics Business Ethics & Social Responsibility Commercial Law Miscellaneous Items Jurisprudence & General Issues

Preface	p. ix
The Debate on Predation	p. 1
Reputational Models of Predation: Testing the Assumptions	p. 18
Nonprofit Objectives and Credible Commitments: What Does This Imply for Government Enterprises?	p. 61
Are Government or Private Enterprises More Likely to Engage in Predatory Behavior? Some International Evidence	p. 74
What Happens When the Victims Have Better Information Than the Predators?	p. 96
Some Final Thoughts	p. 119
Explaining the Framework Used to Evaluate the Legitimacy of Anti-dumping Cases	p. 123
Data Appendix	p. 126
Analyzing How the Profitability of Entry Deterrence Is Affected by the Possibility of Trading Profits	p. 127
Notes	p. 131
References	p. 155
Index	p. 165
Table of Contents provided by Syndetics. All Rights Reserved.

Are Predatory Commitments Credible?

Who Should the Courts Believe?

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

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