Are Predatory Commitments Credible? by John R. Lott - 9780226493558
Are Predatory Commitments Credible?Who Should the Courts Believe?
Author(s): John R. Lott
Format: Hardback
Publisher: The University of Chicago Press, United States
Imprint: University of Chicago Press
ISBN-13: 9780226493558, 978-0226493558
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 pred.
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Details:Are Predatory Commitments Credible? by John R. Lott - 9780226493558
Are Predatory Commitments Credible?Who Should the Courts Believe?
Author(s): John R. Lott
Format: Hardback
Publisher: The University of Chicago Press, United States
Imprint: University of Chicago Press
ISBN-13: 9780226493558, 978-0226493558
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 pred.
Price now:
From
£38.65
To
£42.19
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Product Description
Are Predatory Commitments Credible?Who Should the Courts Believe?
Author(s): John R. Lott
Format: Hardback
Publisher: The University of Chicago Press, United States
Imprint: University of Chicago Press
ISBN-13: 9780226493558, 978-0226493558
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 pred.
Product Specifications
General | |
|---|---|
Brand | The University of Chicago Press |
format | hardcover |
Language | english |
series | studies in law and economics ser. |
type | textbook |
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