Are Predatory Commitments Credible?: Who Should The Courts Believe?; Author: Lott, John R., Jr.; Hardback; Book

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Are Predatory Commitments Credible?: Who Should The Courts Believe?

Author: Lott, John R., Jr.
Studies in Law and Economics; Hardback; Book; 4 Line Drawings, 17 Tables
178 pages
Published: August 1999
The University of Chicago Press
ISBN: 0226493555

By examining firms accused of predatory pricing (e.g. Microsoft), Lott (law and economics, U. of Chicago) argues that they do not conform to game theory or other models of prediction, and that public enterprises outdo private ones in exceeding normal competitive behavior worldwide. Appends notes on methodology.Who should the courts believe. 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? This text makes an analysis of this topic.

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