A Legal Test for Identifying Predatory Pricing
Posted in Market Failures on Feb 9th, 2011
We’ve been studying Harold Demsetz’s terrific paper, “Barriers to Entry,” slowly over the past few weeks. We’ve already analyzed what it might possible mean to say that a firm’s practices are predatory, and we have discussed how difficult it would be to identify using a purely economics approach. Today we’ll discuss a legal test as […]