000			03086nam a2200349Ia 4500
001			9781315832692
003			FlBoTFG
005			20160307164650.0
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007			cr||||
008			140110s2014 enk ob 001 0 eng d
020			_a9781315832692
040			_aFlBoTFG _cFlBoTFG
090			_aK3851 _b.G56 2014
092			_a338.523 _bG494
100	1		_aGiocoli, Nicola, _d1967-
245	1	0	_aPredatory pricing in antitrust law and economics _h[electronic resource] : _ba historical perspective / _cNicola Giocoli.
260			_aAbingdon, Oxon : _bRoutledge, _c2014.
300			_axiii, 323 p.
490	1		_aThe economics of legal relationships ; _v20
504			_aIncludes bibliographical references and index.
505	0		_a1. The economics of predatory pricing -- 2. The two freedoms and British Common Law -- 3. American economists and destructive competition -- 4. Predatory pricing in the formative era of antitrust law -- 5. Predatory pricing in the structuralist era -- 6. The Chicago School and the irrelevance of predation -- 7. Harvard rules : Areeda and Turner's solution -- 8. The demise of predatory pricing as an antitrust violation -- 9. Conclusion.
520			_a"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. "-- _cProvided by publisher.
530			_aAlso available in print edition.
538			_aMode of access: World Wide Web.
650		0	_aPredatory pricing.
650		0	_aAntitrust law.
655		7	_aElectronic books. _2lcsh
776	1		_z9780415822527 (hardback)
830		0	_aEconomics of legal relationships ; _v20.
856	4	0	_uhttp://www.tandfebooks.com/isbn/9781315832692 _zClick here to view
999			_c22437 _d22437