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Predatory Pricing in Antitrust Law and Economics - A Historical Perspective (Hardcover) Loot Price: R2,995
Discovery Miles 29 950
You Save: R374 (11%)
Predatory Pricing in Antitrust Law and Economics - A Historical Perspective (Hardcover): Nicola Giocoli

Predatory Pricing in Antitrust Law and Economics - A Historical Perspective (Hardcover)

Nicola Giocoli

Series: The Economics of Legal Relationships

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List price R3,369 Loot Price R2,995 Discovery Miles 29 950 | Repayment Terms: R281 pm x 12* You Save R374 (11%)

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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.

General

Imprint: Routledge
Country of origin: United Kingdom
Series: The Economics of Legal Relationships
Release date: 2014
First published: 2014
Authors: Nicola Giocoli
Dimensions: 234 x 156 x 25mm (L x W x T)
Format: Hardcover
Pages: 330
ISBN-13: 978-0-415-82252-7
Categories: Books > Law > Jurisprudence & general issues > Law & society
Books > Humanities > History > History of specific subjects > Economic history
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Competition law
Books > History > History of specific subjects > Economic history
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LSN: 0-415-82252-1
Barcode: 9780415822527

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