Predatory pricing in antitrust law and economics: A historical perspective
"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 rais...
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Abingdon, Oxon
Routledge
2014
|
Schlagworte: | |
Zusammenfassung: | "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.Nicola Giocoli is an Associate Professor of Economics at the University of Pisa, Italy. "-- |
Beschreibung: | Literaturangaben und Index The economics of predatory pricing -- The two freedoms and British Common Law -- American economists and destructive competition -- Predatory pricing in the formative era of antitrust law -- Predatory pricing in the structuralist era -- The Chicago School and the irrelevance of predation -- Harvard rules : Areeda and Turner's solution -- The demise of predatory pricing as an antitrust violation -- Conclusion |
Beschreibung: | XIII, 323 S. |
ISBN: | 9780415822527 0415822521 9781315832692 |
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Datensatz im Suchindex
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any_adam_object | |
author | Giocoli, Nicola 1967- |
author_GND | (DE-588)128723130 |
author_facet | Giocoli, Nicola 1967- |
author_role | aut |
author_sort | Giocoli, Nicola 1967- |
author_variant | n g ng |
building | Verbundindex |
bvnumber | BV041450514 |
classification_rvk | PI 4130 QR 310 |
ctrlnum | (DE-599)BVBBV041450514 |
discipline | Rechtswissenschaft Wirtschaftswissenschaften |
era | Geschichte 1911- gnd |
era_facet | Geschichte 1911- |
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isbn | 9780415822527 0415822521 9781315832692 |
language | English |
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spelling | Giocoli, Nicola 1967- Verfasser (DE-588)128723130 aut Predatory pricing in antitrust law and economics A historical perspective Nicola Giocoli Abingdon, Oxon Routledge 2014 XIII, 323 S. txt rdacontent n rdamedia nc rdacarrier Literaturangaben und Index The economics of predatory pricing -- The two freedoms and British Common Law -- American economists and destructive competition -- Predatory pricing in the formative era of antitrust law -- Predatory pricing in the structuralist era -- The Chicago School and the irrelevance of predation -- Harvard rules : Areeda and Turner's solution -- The demise of predatory pricing as an antitrust violation -- Conclusion "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.Nicola Giocoli is an Associate Professor of Economics at the University of Pisa, Italy. "-- Geschichte 1911- gnd rswk-swf Predatory pricing Antitrust law BUSINESS & ECONOMICS / General bisacsh BUSINESS & ECONOMICS / Business Law bisacsh BUSINESS & ECONOMICS / Economic History bisacsh Wirtschaft Kartellrecht (DE-588)4029788-3 gnd rswk-swf Wirtschaftspolitisches Ziel (DE-588)4190067-4 gnd rswk-swf Marktmacht (DE-588)4123714-6 gnd rswk-swf Antitrustpolitik (DE-588)4128555-4 gnd rswk-swf Preisbildung (DE-588)4047103-2 gnd rswk-swf Wirtschaftsmacht (DE-588)4079347-3 gnd rswk-swf Wettbewerb (DE-588)4065835-1 gnd rswk-swf Ökonomische Theorie des Rechts (DE-588)4135492-8 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Kartellrecht (DE-588)4029788-3 s Wirtschaftspolitisches Ziel (DE-588)4190067-4 s Ökonomische Theorie des Rechts (DE-588)4135492-8 s Preisbildung (DE-588)4047103-2 s Wettbewerb (DE-588)4065835-1 s Wirtschaftsmacht (DE-588)4079347-3 s Marktmacht (DE-588)4123714-6 s Antitrustpolitik (DE-588)4128555-4 s Geschichte 1911- z DE-604 |
spellingShingle | Giocoli, Nicola 1967- Predatory pricing in antitrust law and economics A historical perspective Predatory pricing Antitrust law BUSINESS & ECONOMICS / General bisacsh BUSINESS & ECONOMICS / Business Law bisacsh BUSINESS & ECONOMICS / Economic History bisacsh Wirtschaft Kartellrecht (DE-588)4029788-3 gnd Wirtschaftspolitisches Ziel (DE-588)4190067-4 gnd Marktmacht (DE-588)4123714-6 gnd Antitrustpolitik (DE-588)4128555-4 gnd Preisbildung (DE-588)4047103-2 gnd Wirtschaftsmacht (DE-588)4079347-3 gnd Wettbewerb (DE-588)4065835-1 gnd Ökonomische Theorie des Rechts (DE-588)4135492-8 gnd |
subject_GND | (DE-588)4029788-3 (DE-588)4190067-4 (DE-588)4123714-6 (DE-588)4128555-4 (DE-588)4047103-2 (DE-588)4079347-3 (DE-588)4065835-1 (DE-588)4135492-8 (DE-588)4078704-7 |
title | Predatory pricing in antitrust law and economics A historical perspective |
title_auth | Predatory pricing in antitrust law and economics A historical perspective |
title_exact_search | Predatory pricing in antitrust law and economics A historical perspective |
title_full | Predatory pricing in antitrust law and economics A historical perspective Nicola Giocoli |
title_fullStr | Predatory pricing in antitrust law and economics A historical perspective Nicola Giocoli |
title_full_unstemmed | Predatory pricing in antitrust law and economics A historical perspective Nicola Giocoli |
title_short | Predatory pricing in antitrust law and economics |
title_sort | predatory pricing in antitrust law and economics a historical perspective |
title_sub | A historical perspective |
topic | Predatory pricing Antitrust law BUSINESS & ECONOMICS / General bisacsh BUSINESS & ECONOMICS / Business Law bisacsh BUSINESS & ECONOMICS / Economic History bisacsh Wirtschaft Kartellrecht (DE-588)4029788-3 gnd Wirtschaftspolitisches Ziel (DE-588)4190067-4 gnd Marktmacht (DE-588)4123714-6 gnd Antitrustpolitik (DE-588)4128555-4 gnd Preisbildung (DE-588)4047103-2 gnd Wirtschaftsmacht (DE-588)4079347-3 gnd Wettbewerb (DE-588)4065835-1 gnd Ökonomische Theorie des Rechts (DE-588)4135492-8 gnd |
topic_facet | Predatory pricing Antitrust law BUSINESS & ECONOMICS / General BUSINESS & ECONOMICS / Business Law BUSINESS & ECONOMICS / Economic History Wirtschaft Kartellrecht Wirtschaftspolitisches Ziel Marktmacht Antitrustpolitik Preisbildung Wirtschaftsmacht Wettbewerb Ökonomische Theorie des Rechts USA |
work_keys_str_mv | AT giocolinicola predatorypricinginantitrustlawandeconomicsahistoricalperspective |