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- W3122408727 abstract "Although network effects can make predation more likely to succeed, we find that the leading anti-predation rules may lower or raise efficiency and consumer welfare in network markets. We find that: (a) the extensive debates about the ‘correct’ measure of cost on which to base price floors are unlikely to be productive; (b) the Ordover-Willig rule that is widely thought to be correct in theory but difficult to apply in practice is, in fact, incorrect in theory; and (c) efficient price floors would have to depend on consumer expectations and coordination processes that are unlikely to be observable in practice." @default.
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- W3122408727 date "2005-06-01" @default.
- W3122408727 modified "2023-10-14" @default.
- W3122408727 title "COMPETITION OR PREDATION? CONSUMER COORDINATION, STRATEGIC PRICING AND PRICE FLOORS IN NETWORK MARKETS*" @default.
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- W3122408727 doi "https://doi.org/10.1111/j.0022-1821.2005.00252.x" @default.
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