Are Public Enterprises the Only Credible Predators? PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Are Public Enterprises the Only Credible Predators? PDF full book. Access full book title Are Public Enterprises the Only Credible Predators? by David E. M. Sappington. Download full books in PDF and EPUB format.
Author: David E. M. Sappington Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
In this review of John Lott's book, Are Predatory Commitments Credible?: Who Should the Courts Believe?, we find that Lott is more successful in pointing out the likelihood of predatory pricing by public enterprises than in proving that predatory pricing by private enterprises does not occur. In Part I of this Review, we critique Lott's theoretical and empirical attempts to show that predatory pricing by private firms is implausible. We review the theoretical arguments regarding the plausibility of predation by private firms, we critique Lott's empirical research on the credibility of predatory commitments by private firms, and finally we assess Lott's theoretical analysis of the effects of allowing would-be victims of predation to benefit directly from their privileged knowledge of a predator's intended activities. In Part II, we assess Lott's theoretical and empirical analyses of predatory pricing by public enterprises. In Part III, we present, as a proposed research agenda for scholars in law and economics, important unanswered questions that extend Lott's research on predatory pricing by public enterprises.
Author: David E. M. Sappington Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
In this review of John Lott's book, Are Predatory Commitments Credible?: Who Should the Courts Believe?, we find that Lott is more successful in pointing out the likelihood of predatory pricing by public enterprises than in proving that predatory pricing by private enterprises does not occur. In Part I of this Review, we critique Lott's theoretical and empirical attempts to show that predatory pricing by private firms is implausible. We review the theoretical arguments regarding the plausibility of predation by private firms, we critique Lott's empirical research on the credibility of predatory commitments by private firms, and finally we assess Lott's theoretical analysis of the effects of allowing would-be victims of predation to benefit directly from their privileged knowledge of a predator's intended activities. In Part II, we assess Lott's theoretical and empirical analyses of predatory pricing by public enterprises. In Part III, we present, as a proposed research agenda for scholars in law and economics, important unanswered questions that extend Lott's research on predatory pricing by public enterprises.
Author: John R. Lott Publisher: University of Chicago Press ISBN: 9780226493558 Category : Business & Economics Languages : en Pages : 196
Book Description
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 long-awaited empirical analysis in this book. By examining firms accused of or convicted of predation over a thirty-year period of time, he shows that these firms are not organized as the game-theoretic or other models of predation would predict. In contrast, what evidence exists for predation suggests that government enterprises are more of a threat. Lott presents crucial new data and analysis, attacking an issue of major legal and economic importance. This impressive work will be of great interest to economists, legal scholars, and antitrust policy makers.
Author: Richard A. Posner Publisher: University of Chicago Press ISBN: 0226675785 Category : Law Languages : en Pages : 329
Book Description
When it was first published a quarter of a century ago, Richard Posner's exposition and defense of an economic approach to antitrust law was a jeremiad against the intellectual disarray that then characterized the field. As other perspectives on antitrust law have fallen away, Posner's book has played a major role in transforming the field of antitrust law into a body of economically rational principles largely in accord with the ideas set forth in the first edition. Today's antitrust professionals may disagree on specific practices and rules, but most litigators, prosecutors, judges, and scholars agree that the primary goal of antitrust laws should be to promote economic welfare, and that economic theory should be used to determine how well business practices conform to that goal. In this thoroughly revised edition, Posner explains the economic approach to new generations of lawyers and students. He updates and amplifies his approach as it applies to the developments, both legal and economic, in the antitrust field since 1976. The "new economy," for example, has presented a host of difficult antitrust questions, and in an entirely new chapter, Posner explains how the economic approach can be applied to new industries such as software manufacturers, Internet service providers, and those that provide communications equipment and services. "The antitrust laws are here to stay," Posner writes, "and the practical question is how to administer them better-more rationally, more accurately, more expeditiously, more efficiently." This fully revised classic will continue to be the standard work in the field.
Author: Lorenzo Pupillo Publisher: Springer ISBN: 331978420X Category : Business & Economics Languages : en Pages : 285
Book Description
As with previous technological revolutions, innovations in the online world have triggered transformations in the labor market and the economy. While the Internet is trumpeted as a great job creator, there are also downsides that need to be identified and dealt with. The book discusses the following topics: Is the Internet a net creator of jobs? How are job profiles changed by the digital economy? What are the impacts on income distribution? Is it a winner-takes-all tournament? What models can facilitate adjustment without slowing innovation? This book features essays from major experts in the field coming from academia, international organizations, the private sector, and civil society. It blends theoretical and applied research presenting results from many countries, with particular emphasis on Europe, the USA, Canada and Asia.
Author: Antonio Cucinotta Publisher: Edward Elgar Publishing ISBN: 9781843767039 Category : Law Languages : en Pages : 364
Book Description
This work offers a critical evaluation of the Chicago approach to antitrust. The authors discuss the economic foundations of competition policy and the different ways in which both American and European competition law does - or does not - take account of economic insights.
Author: James Galbraith Publisher: Simon and Schuster ISBN: 141656683X Category : Business & Economics Languages : en Pages : 243
Book Description
A progressive economist challenges popular conservative-minded economic practices, in a scathing critique of Reagan-Bush policies that contends that the political right is misrepresenting the consequences of free-market and free-trade ideals. 50,000 first printing.
Author: David E. M. Sappington
Author: David E. M. Sappington
Author: John R. Lott
Author: 
Author: Richard A. Posner
Author: Lorenzo Pupillo
Author: Antonio Cucinotta
Author: 
Author: 
Author: 
Author: James Galbraith