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- W280826607 abstract "Judge Richard Posner defines predation as at a level calculated to exclude from the market an equally or more efficient competitor,1 but his definition raises an obvious question: What level of pricing or types of pricing behavior should be considered predatory? Traditional economic and antitrust literature defines predation to be pricing below marginal costs.2 The economic logic supporting this standard is that a predator cannot eliminate an equally or more efficient rival (i.e., firms with equivalent or lower marginal costs) without setting its prices below its marginal costs." @default.
- W280826607 created "2016-06-24" @default.
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- W280826607 date "2016-01-01" @default.
- W280826607 modified "2023-09-24" @default.
- W280826607 title "STRATEGIC ALLOCATION OF OVERHEAD: THE APPLICATION OF TRADITIONAL PREDATION TESTS TO MULTIPRODUCT FIRMS" @default.
- W280826607 hasPublicationYear "2016" @default.
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