Are Predatory Commitments Credible?: Who Should the Courts Believe?

by John R. Lott Jr.

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...

• Format: Hardcover
• Language: English
• ISBN: 0226493555
• ISBN13: 9780226493558
• Release Date: July 1999
• Publisher: University of Chicago Press
• Length: 176 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"