ARE PREDATORY COMMITMENTS CREDIBLE? by John Lott ( 9780226493558 )

Item Details

Title:

ARE PREDATORY COMMITMENTS CREDIBLE?
WHO SHOULD THE COURTS BELIEVE?

By:

John Lott

Format:

Hardback

List price:

£40.00

Our price:

£36.00

Discount:

10% off

You save:

£4.00

ISBN 10:

0226493555

ISBN 13:

9780226493558

Availability:

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Stock:

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Publisher:

THE UNIVERSITY OF CHICAGO PRESS

Pub. date:

1 July, 1999

Edition:

2nd ed.

Series:

Studies in Law & Economics

Pages:

Description:

Synopsis:

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.

Illustrations:

4 line drawings, 17 tables

Publication:

Imprint:

University of Chicago Press

Returns:

Returnable

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