816:
performance. According to the law, predatory pricing is considered a violation if a market-dominant enterprise controls the local market by offering its goods and services at prices below AVC. However, if prices are below ATC, but above AVC, predattory pricing may not be considered a law violation. Furthermore, if market abuse is directed against competitors, and not against suppliers and clients, Austrian law provides provisions under § 1UWG (in connection with §5 para. 1 KartG 2005, if there is a competitive relationship). Additionally, according to §1UWG, predatory pricing can be unconscionable if intended to harm competitors—even without the dominant company incurring losses. Moreover, predatory pricing can be unconscionable according to §1UWG if the dominant firm expels enough competitors from the market to gain enough market share to dictate prices.
508:
determine predation, Posner brought forth a test that substitutes the average costs from the firm's balance sheet to establish a test that relates to the full average costs based on the company's books. The test would include certain prerequisites, an intent element, as well as a defense. As a prerequisite, Posner requires the plaintiff to demonstrate that the market was predestined for effective predatory pricing. As indicators, Posner lists, for instance, that the predator operates in various markets, whereas the prey operates in fewer markets, concentrated markets, slow entry, few fringe firms, homogenous products and numerous buyers. Posner would authorize the firm to defend due to changes in supply or demand, allowing the respondent firm to price its products at short-run marginal cost.
451:
intervention is dispensable, as predation is unlikely to succeed and creates a deterrent effect on its own. The deterrent effect results from selling goods and services below the costs, which causes losses without the gain in market power. In this case, the market power does not increase due to the market share holder weathering the predatory strategy. Thus, the firm punished itself by taking losses without gaining market share. As a consequence, this acts a deterrent for other firms. An additional argument against the implementation of rules is the inability of courts or competition authorities to differentiate predatory from competitive prices.
628:). The Act prohibits the use of this particular commercial strategy by dominant firms with significant quantity of the market share within the industry of operation. The Act defines the strategy as a dominant firm employing the method of undercutting or underselling with the intention to force competitors to exit or prevent entry to the industry. The dominant firm can only have significant quantity of the market share in an industry if the firm is not substantially impacted or constrained by its competitors on suppliers and consumers.
524:
out an entrant, the incumbent firm is prevented from increasing price for five years). This rule significantly diminishes the incentive of a firm to engage in predatory pricing since the predatory firm cannot reap the benefits of its anti-competitive behavior (monopoly profits) during the five-year period. Baumol's proposed rule is not absolute, however, it does offer the predator some freedom to raise its post-exit price if the price increase is justified by demonstrable changes in the firm's costs or market demand.
350:, during which the dominant firm readjusts its product and service prices to approach monopoly prices (or a monopoly price, depending on remaining industry players and the dominant firm's market share) to recover their losses in the long-term. This price adjustment can put consumers under pressure, as they are now forced to accept the higher price without any fair-priced competition, thus resulting in consumer harm. This is what differentiates predatory pricing from normal competitive pricing. Under EU law, the
414:
anti-monopoly law enforcement, determining the level of pricing that constitutes predatory pricing can be difficult in operation. The generally acceptable standard is that during a period of predatory prices, the predator's profit will be negative where the price is lower than the initial cost. However, with this the question arises as to what kind of cost should be used as a reference. The use of a price that is lower than the cost may make certain predatory pricing practices not legally binding.
31:
738:. Predatory pricing under the Act means the sale of goods or provision of services, at a price below cost, as may be determined by regulations, of production of the goods or provision of services, with a view to reduce competition or eliminate the competitors. A contravention of section 4 of the Act is anti-competitive per se, where there is no requirement to prove that the conduct had an anti-competitive effect on the market.
558:
procompetitive justification". Third, the plaintiff must highlight that the restraint is not "reasonably necessary" to achieve the defendant's objectives or that there are "less restrictive alternatives". Fourth, the Court will balance the restraint of trade's "anti-competitive effects with its pro-competitive justifications." Failure to satisfy any of these elements will defeat the anti-trust violation claim.
719:, the Commission normally intervene in possible predatory pricing cases if a dominant firm aims to maintain or strengthen its market power by "sacrificing" short-term losses to foreclose "as efficient" competitors, or even "less efficient" competitors. The "as efficient competitor" refers to a hypothetical competitor with the same costs as the dominant firm. The "as efficient competitor" test was endorsed in
632:
industry. This amendment to the Act was one of the changes included in the "Harper reforms" that expanded the predatory pricing definition to include the effect of below-cost prices in lessening competition regardless of firm market power. The Harper reforms were introduced to allow for smaller firms to stand ground amongst larger firms engaging in predatory behaviour and anti-competitive strategies.
538:
long run, which are absent in the retail grocery industry. When low-cost warehouse stores enter the market, supermarkets often reduce their prices to eliminate this competition or discourage them from expansion. However, Craswell and
Fratrik suggest that this may not be predatory pricing, but rather incumbent firms engaging in non-predatory price cuts required for ordinary competition.
366:") creates a risk that the loss-making product will find its way back to the home market and drive down prices there. This can result in negative effects on the home market and cause harm to domestic supplies and producers. Due to this, countries often have laws and regulations enforced to prevent dumping and other forms of predatory pricing strategies that may distort trade.
986:
changing market conditions have caused reduced demand but increased capacity, and therefore below-cost pricing was necessary in the short-term to sell off fresh produce. Although this defense is not commonly accepted due to predatory pricing rarely being the most efficient option, it is still possible for predatory pricing to be considered a rational strategy.
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to 18 months should be adequate for new entrants to establish a market identity and understand economies of scale while disincentivizing dominant firms from holding excess capacity. Williamson suggests that the output restriction rule possesses greater welfare properties than the short-run marginal cost rule or short-run average cost rule.
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monopolization. If there is a likelihood that market entrants will prevent the predator from recouping its investment through supra-competitive pricing, then there is no probability of success and the antitrust claim would fail. Additionally, the Court established that for prices to be predatory, they must be below the seller's cost.
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substantial capital investments, which would not be repaid for a substantial period of time due to sharp price decreases, provoked by resumption of competition. According to the
Chicago School of Thought advocated by Robert Bork, predatory pricing is not always anti-competitive even if it ends a successful strategy. The Court in
343:
price, putting smaller firms and industry entrants at risk of exiting the industry. The principle behind this strategy is that, unlike new entrants and current players, the dominant firm has the size and capital to sustain short-term loss in profits, thus forcing a game of survival that the dominant firm is likely to win.
475:
below ATC unless evidence were provided to show dominant firm's plan to eliminate competition. Additionally, if a dominant firm sets prices above ATC, the firm is most commonly not found guilty of predatory pricing, though, still may be proven anti-competitive if potential for substantial consumer harm is discovered. The
843:
between competitors are considered "hardcore" restriction of competition and are prohibited. This does not include other types of price agreements between competitors. These agreements may, therefore, be assessed under rule of reason and can be found permissible if no significant anti-competitive effects are identified.
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competitors. This does not necessarily indicate that such instances will lead to reduced benefits in the long-term as non-entry of entrants does not necessarily reduce welfare, and entry of entrants does not necessarily improve it. Consequently, anti-monopoly law ignores this and does not result in major welfare losses.
640:, penned the idea in Section 46, to define the practice more liberally than other behavior by requiring the business to first have a "substantial share of a market" (rather than substantial market power). This was made in a move to further protect smaller businesses from larger players and their misuse of market power.
942:. At one point, NYCR charged only a dollar per car for the transport of cattle. While the cattle cars quickly filled up, management were dismayed to find that Erie Railroad had also invested in the cattle-haulage business, making Erie a buyer of cattle transport, and thus profiting from NYCR's losses.
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Generally, Art. 1(1) of the antitrust law (I. 703/1977) prohibits all agreements between undertakings, decisions by associations of undertakings and concerted practices that strive to prevent, restrict, or distort competition in the Greek market. Particularly art. 2(1) of I 703/77 prohibits predatory
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Joskow and
Klevorick offer a two-tier approach to identify predatory pricing. The first stage involves an analysis of the structural characteristics of the relevant market and the market power of the firm allegedly engaging in anti-competitive behaviour. The plaintiff must demonstrate that the market
557:
However, Courts have adopted the rule of reason test to analyze the effects of a restraint of trade on competition. Recent case law suggests that there is a four-step rule of reason test. First, the plaintiff must demonstrate an "anti-competitive effect". Second, the defendant must show a "legitimate
511:
According to the
European Commission's "Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the Treaty to Abusive Exclusionary Conduct by Dominant Undertakings", if a dominant firm does not cover its average avoidable costs or long-run average incremental costs, this implies
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suggested that if a dominant firm sets prices below AVC, the predatory pricing is presumed to be abusively predatory due to the assumed intention to eliminate competitors rather than maximize profits. However, a strategy would not be presumed predatory were a dominant firm to set prices above AVC but
424:
An important condition for predatory pricing is that, after excluding competitors, a dominant firm can raise prices to compensate for their short-term losses. To achieve this, market power can be an important factor. However, under EU law, market power is not necessary to establish predatory pricing,
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3. The objective performance of predatory pricing is that a company temporarily sells goods or services below cost to eliminate competitors from a certain market and create exclusivity. The predatory pricing company can then sell goods and services at monopoly prices to compensate for the losses from
842:
Under Art. 101 TFEU and
Section 6 of the Swedish Competition Act (KL), agreements between undertakings with objectives to effect prevention, distortion or restriction of competition are strictly prohibited in Sweden. Price-fixing agreements (where competitors concur to set prices at an agreed level)
631:
In 2017, the
Australian government amended the Competition and Consumer Act by introducing an "effects test". This particular test determined engagement in predatory pricing if a firm were discovered to be selling goods or services at prices likely to lead to the lessening of competition in a market
401:
4. A dominant firm's subjective intention may be to eliminate competition to gain a monopoly advantage. Under EU law, if a dominant firm prices above AVC but below
Average Total Costs (ATC), proving intention can be useful evidence for finding predatory pricing. However, the difficulty is faced when
342:
The first stage of predatory pricing (predation) involves the dominant firm offering goods and services at below-cost rate which, in turn, leads to a reduction in the firm's immediate short-term profits. This drop in price forces the market price for those goods or services to readjust to this lower
881:
However, even the demise of a competitor does not leave the survivor home free. Bankruptcy does not by itself destroy the fallen competitor's physical plant or the people whose skills made it a viable business. Both may be available-perhaps at distress prices-to others who can spring up to take the
779:
Sections 19 and 20 of the Act against
Restraints of Competition (ARC) prohibit the abuse of a dominant position. Section 19 lists in more detail the entities with market power addressed by the Act. Article 102 of the Treaty on the Functioning of the European Union also applies, although it has some
566:
Williamson offers the output restriction rule to restrain dominant firms from engaging in predatory pricing. The rule stipulates that upon the entry of a new firm in a market, a dominant firm cannot abuse their position by increasing their output above the pre-entry level. A prevention period of 12
507:
Posner's long-term cost-based rule assumes that long-run marginal costs are a more reliable test of predation than short-run costs. This is due to the predator, who prices at short-run marginal cost, having the ability to eliminate competitors that cannot afford the same losses in the short-run. To
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to stop offering free shipping to its customers because it violated French predatory pricing laws. After Amazon refused to obey the order, the government proceeded to fine them €1,000 per day. Amazon continued to pay the fines instead of ending its policy of offering free shipping. After a law was
985:
The DG Competition's 'Discussion Paper' states predatory pricing can sometimes be justified as a rational strategy. This is why dominant firms can rebut presumptions of predatory pricing, despite prices falling below the "relevant cost benchmark". For example, dominant undertaking could argue that
914:
at a lower price. Bromkonvention retaliated by flooding the US market with below-cost bromine, at an even lower price than Dow's. However, Dow simply instructed his agents to buy up at the very low price and then sell it back in
Germany at a price still lower than Bromkonvention's. In the end, the
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The
Washington Post went bankrupt in 1933, though not because of predatory pricing. But neither its physical plant, its people, or its name disappeared into thin air. Instead, publisher Eugene Meyer acquired all three-at a fraction of what he had bid unsuccessfully for the same newspaper just four
851:
According to economist Thomas DiLorenzo, true predatory pricing is a rare phenomenon and an irrational practice with laws designed to inhibit competition. According to the European Commission, this is because predatory pricing can cause firms to make a loss due to increased output. This stance was
537:
Craswell and Fratrik suggest that establishing a legal standard to detect predatory pricing in the retail industry is unnecessary and should not amount to an antitrust violation. The primary reasoning was that predatory pricing typically requires strong barriers to entry to generate profits in the
523:
proposed a long-term rule seeking to avoid full reliance on cost-based tests to determine predatory pricing. Baumol's rule involves requiring any price cut made in response to entry to continue for a five-year period after the exit of the entrant (i.e., if an incumbent firm cuts its price to drive
417:
According to the theory of industrial organization, some predatory pricing practices may not necessarily lead to negative short-term profits. However, in this particular case, the company's ability to make low-cost profits can indicate that the company is a highly efficient company compared to its
322:
The critical difference between predatory pricing and other market strategies is the potential for consumer harm in the long-term. Despite initial buyer's market created through firms' competing for consumer preference, as the price war favours the dominant firm, consumers will be forced to accept
815:
The European competition law art. 82 EC and § 5 KartG 2005 prohibit a market dominant enterprise, as well as a collective of several dominant enterprises, from intentionally suppressing a competitor or increasing their respective market share by using methods other than those of legal competitive
599:
The first element can be proven with sufficient evidence of defendant's costs in the production of their goods and services. The second element can be proven with evidence of the defendant's barriers to entry, market power and other evidence that would likely lead to the increase in prices in the
413:
The economic theory of predatory pricing involves a company pricing its goods and services to generate less revenue in the short term, thus, eliminating competitors and increasing market power. The theory does not explicitly state that profits must be negative in order for this to be achieved. In
757:
All the matters connected with the abuse of the market power are handled by the Federal Antimonopoly Service of Russian Federation (FAS). The FAS investigates all alleged violations of the antimonopoly legislation and determines whether a dominant position has been exploited by one of the market
459:
In 1975, Phillip Areeda and Donald Turner developed a short-run cost-based test, widely referred to as the 'Areeda-Turner rule'. The rules are based on short term focus due to the long run focus being too speculative and inefficient. The Areeda-Turner rule suggests prices at or above reasonable
450:
According to Easterbrook, predatory pricing is rare and should not be considered a central concern. Introducing laws against predation, especially because it is rare, could lead to generating false positive errors, which would restrict the rule. The main point of the argument is that government
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2. The geographic market for predatory pricing is the country's domestic market which differentiates it from "dumping". Dumping refers to the practice of selling commodities in overseas markets at a lower price than within the domestic market. Though it can be determined that both concepts have
354:
can account for recoupment as a factor when determining whether predatory pricing is abusive. This is because predatory pricing can only be considered economically effective if a firm can recover its short-term losses from pricing below Average Variable Costs (AVC). However, recoupment is not a
976:
suggests that while a company might be able to successfully price other firms out of the market, there is no evidence to support the theory that the virtual monopoly could then raise prices. This would be due to other emerging firms rapidly entering the market to compete. Such entrances demand
688:
has set high hurdles to antitrust claims based on predatory pricing theory. The Court requires plaintiffs to show a likelihood that the pricing practices affect not only rivals, but also competition in the market as a whole in order to establish there is a substantial probability of success in
770:
prohibits the abuse of a dominant position by "one or more undertakings... if it may affect trade within the United Kingdom." This is commonly known as the "Chapter II prohibition". The section is very similar to article 102 of the Treaty on the Functioning of the European Union governing the
635:
In 2020, further amendments to the Act created a new threshold test to prohibit those engaging in predatory pricing and strengthen the prohibition of market power misuse. These amendments were made in response to the recommendations made during the Harper reforms. The amendments, labelled the
402:
distinguishing between an intention to eliminate competitors and an intention to win the competition. Thus, the European Commission does not have to establish an undertaking's subjective intention to prove that Article 102 applies, as abuse is an objective rather than a subjective concept.
1884:
470:, the European Commission did not adopt the Areeda-Turner rule. The Court of Justice upheld this decision for the inclusion of other factors (such as proof of intention to eliminate competition) to be taken into consideration alongside a cost-based analysis. Instead, the Court in
663:
prohibits companies from the selling of products at unreasonably low prices designed to facilitate the effect of eliminating competition or a competitor. The Competition Bureau has established Predatory Pricing Guidelines defining what is considered unreasonably low pricing.
754:) deals with unilateral conduct of economic entities by prohibiting abuse of dominant position. The definition of such abuse, as stated in the article, includes "the setting of an unjustified high or unjustified low price of a financial service by a financial entity".
584:
The Brooke Group rule was established by the US Supreme Court in 1993 for the particular case involving Brooke Group Ltd. v. Brown & Williamson Tobacco Corporation. Under this rule, to be found guilty of predatory pricing, the plaintiff was to prove the following:
576:
in which the behaviour occurred would be prone to predatory pricing and cause losses in economic efficiency. The second stage involves behavioural considerations which may demonstrate predation such as the dominant firm pricing below average variable cost.
428:
It is also important to note the barriers to entry impact on a dominant firm's ability to raise the price of their goods and services. On the exclusion of these barriers, other firms could theoretically enter any market where an incumbent firm is enjoying
714:
If Article 102 is breached by a predatory pricing practice, the European Commission may intervene as they prioritize dealing with "exclusionary abuses" which exclude competitors from the market. According to the 'Guidance in Applying Article
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1881:
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future. The third element would require direct evidence to clearly demonstrate the defendant's plans to manipulate the market through use of predatory pricing strategy. This may be found through capture of firm's internal documents or plans.
307:. For a period of time, the prices are set unrealistically low to ensure competitors are unable to effectively compete with the dominant firm without making substantial loss. The aim is to force existing or potential competitors within the
709:"Any abuse by one or more undertakings of a dominant position within the internal market or in a substantial part of it shall be prohibited as incompatible with the internal market in so far as it may affect trade between Member States."
512:
the dominant firm is operating at a loss in the short-term to foreclose equally efficient competitors from the market. The Guidance does not bind the EU Courts, however, it is an important document that could influence future decisions.
981:
agreed predatory pricing does not always harm competition because competing "on the merits" to exclude less-efficient competitors can benefit consumers by providing lower prices, improved quality and choice of products and services.
2518:
950:
It is a commentary on the development of antitrust law that the accused must defend himself, not against actual evidence of wrongdoing, but against a theory which predicts wrongdoing in the future. It is the civil equivalent of
498:
by stating that prices above average incremental costs but below ATC would not likely be ruled abusive under Article 102 of the TFEU if there was no evidence the dominant firm deliberately intended to eliminate competition.
611:
In many countries, there are legal restrictions upon using the predatory pricing strategy as it may be deemed anti-competitive. Although it may not be technically illegal, it can be subject to severe restrictions.
875:
Obviously, predatory pricing pays off only if the surviving predator can then raise prices enough to recover the previous losses, making enough extra profit thereafter to justify the risks. These risks are not
692:
The US Department of Justice, however, argues that modern economic theory based on strategic analysis supports predatory pricing as a real problem, and claims that the courts are out of date and too skeptical.
999:, AKZO were fined €10 million for abusing its dominant position in the organic peroxides market by reducing its prices to loss-making levels, preventing English firm 'ECS' from competing on the polymer market.
897:
by arguing that there has been no instance where such a practice has actually led to a monopoly. Conversely, they argue that there is much evidence that predatory pricing has failed miserably. For example,
441:
It can be difficult to identify when normal price competition turns into anti-competitive predatory pricing. Therefore, various rules and economic tests have been established to identify predatory pricing.
824:
According to §6, sec. 1, of the Competition Act (CA), entering into anti-competitive agreements is prohibited. The CA §6 corresponds to art. 81, sec. 1 of the EC- Treaty and prohibits predatory pricing.
1024:
Ltd, Cabcharge were fined $ 3 million for engaging in predatory pricing conduct by supplying taxi meters that were below cost and fare schedule updates at no charge. This breached section 46(1) of the
1298:
1035:, the NSE abused its dominant position in the currency derivatives segment by waiving transaction and admission fees, thus preventing MCX from competing in the market. This breached section 4 of the
2962:
1725:
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1411:
394:(4) The consequences of the two are different. Legal sanctions for predatory pricing are compensatory damages or administrative penalties, while dumping involves the levying of anti-dumping duties.
388:(2) The identification standards of the two are different. Predatory pricing is based on cost, while dumping is based on the price applicable to the normal trading of similar domestic products.
296:
1130:
50 million, with British Airways later agreeing to contribute a further $ 35 million. British Airways also reached a separate out-of-court agreement with Sir Freddie personally for £8 million.
684:
are more susceptible to antitrust claims. However, as antitrust laws are ultimately intended to benefit consumers, and discounting results in at least short-term net benefit to consumers, the
323:
fewer options and higher prices for the same goods and services in the monopolistic market. If strategy is successful, predatory pricing can cause consumer harm and is, therefore, considered
463:
In EU law, the approach to testing for predatory pricing under Article 102 of the Treaty on the Functioning of the European Union (TFEU) has been explained in a number of important cases.
2510:
3312:
701:
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1087:
Some have accused Amazon of using predatory pricing to undercut competitors such as Quidsi before offering to buy them out at low cost once their financial future had become bleak.
391:(3) The laws applicable to both are different. Predatory pricing mainly falls under domestic laws, while dumping falls to international treaties or the laws of other countries.
3288:
2567:
603:
If all elements can be proven with sufficient evidence for each, following the Brooke Group rule, the plaintiff may claim for predatory pricing under the US antitrust law.
795:). With the FCO as the higher federal authority, there also exists state cartels in each of the federal states in Germany. The FCO is in the area of responsibility of the
3166:
2238:
Australian Competition & Consumer Commission (ACCC). (2013). Predatory Pricing: A guide to the predatory pricing provisions in the Competition and Consumer Act 2010
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315:. Once competition has been driven from the market, consumers are forced into a monopolistic market where the dominant firm can safely increase prices to
362:
The use of predatory pricing to gain a foothold in a market in one territory while maintaining high prices in the suppliers' home market (also known as "
3357:
2959:
1722:
1514:
1408:
374:
1. The principal aspect of predatory pricing is that the seller in the market has a certain economic or technical strength which distinguishes it from
2460:"Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings"
2434:"Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings"
2408:"Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings"
1857:"Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings"
1461:"Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings"
1232:"Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings"
735:
2382:"Consolidated Version of the Treaty on European Union and the Treaty on the Functioning of the European Union [2008] OJ C115/01, Article 102"
592:
If successful in driving competitors from the market, defendant had high probability of recouping losses through increase in prices in the long-term.
3441:
Guidance on the Commission's Enforcement Priorities in Applying Article 82 of the EC Treaty to Abusive Exclusionary Conduct by Dominant Undertakings
2170:
796:
385:(1) The scopes of application of the two are different. Predatory pricing applies to domestic trade, while dumping applies to international trade.
2935:
2903:
2871:
1017:, high-speed residential broadband internet services were priced at levels below AVC until August 2001, and later at around AVC but below ATC.
3103:
2538:
Agrawal, A 2021, 'Predatory Pricing and Platform Competition in India,' World Competition, vol. 44, no. 1, pp. 115, viewed 1 May 2022, <
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3132:
1988:
1964:
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precondition for establishing whether predatory pricing is an abuse of dominance under Article 102 TFEU. Assessing other factors, such as
2777:
654:, which criminalized predatory pricing, has been repealed and replaced by sections 78 and 79, which both deal with the matters civilly.
460:
expected average variable costs (AVC) are presumed to be lawful, but prices below AVC are presumed to be unlawful and anti-competitive.
2258:
2278:
271:
2716:
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1929:
William J. Baumol, „Predation and the logic of the average variable cost test“, journal of law and economics vol 39, No 1 (1996)
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cartel could not keep up with selling below cost and had to surrender in the price war. This was used as evidence that the
433:, thereby preventing the dominant firm from sufficiently raising prices high enough to recoup the costs of lowering price.
3551:
2254:
2033:
2009:
3347:
3337:
3327:
3076:
2982:
2840:
1980:
Craswell, R & Fratrik, M R 1986, 'Predatory Pricing Theory Applied: The Case of Supermarkets vs. Warehouse Stores,'
1956:
Craswell, R & Fratrik, M R 1986, 'Predatory Pricing Theory Applied: The Case of Supermarkets vs. Warehouse Stores,'
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1791:
1768:
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1382:
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anti-monopoly laws within the EU jurisdiction, with the exception of parts regarding the effect on trade within the UK.
303:
will deliberately reduce the prices of a product or service to loss-making levels to attract all consumers and create a
3321:
1749:
1703:
853:
685:
2684:
2329:
1665:
Areeda, Phillip; Turner, Donald (1975). "Predatory Pricing and Related Practices under Section 2 of the Sherman Act".
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1914:
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625:
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Quasi -Permanence of Price Reductions: A Policy for Prevention of Predatory Pricing, 89 Yale Law Journal 1 (1979).
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similarities in terms of "low-cost sales" and "exhaustion of competitors", numerous differences have been noted:
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2209:
1123:
1006:, Tetra Pak were fined €75 million for abusing its dominant position by reducing prices of non-asceptic cartons.
552:
every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce.
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3410:
2825:
78:
2155:
Areeda, Hovenkamp, P., H. (2013). "Antitrust Law: An Analysis of Antitrust Principles and Their Application".
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is the relevant statutory provision under EU law for dealing with predatory pricing. According to Article 102:
3561:
359:, can suffice in demonstrating how predatory pricing can lead to foreclosure of competitors from the market.
264:
183:
311:
to abandon the market so that the dominant firm may establish a stronger market position and create further
3354:
EU:C:2012:172Case 333/94 P, Tetra Pak International SA v Commission of the European Communities ECR I-5951
1356:
Ursic, Micaheal L. (1994). "Using Price as a Weapon: An Economic and Legal Analysis of Predatory Pricing".
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2560:"Статья 10. Запрет на злоупотребление хозяйствующим субъектом доминирующим положением / КонсультантПлюс"
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2929:"DG Competition Discussion Paper on the Application of Article 82 of the Treaty to Exclusionary Abuses"
2897:"DG Competition Discussion Paper on the Application of Article 82 of the Treaty to Exclusionary Abuses"
2865:"DG Competition Discussion Paper on the Application of Article 82 of the Treaty to Exclusionary Abuses"
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112:
47:
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for conspiracy to put his airline out of business by predatory pricing. They settled out of court for
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DG Competition Discussion Paper on the Application of Article 82 of the Treaty to Exclusionary Abuses
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1486:
3576:
1155:
861:
363:
257:
3514:
1837:
Richard A. Posner, Antitrust Law. An economic Perspective (University of Chicago Press, 1976), 189
1013:, a €10.35 million fine was imposed on France Télécom's subsidiary, Wanadoo Interactive. Based on
2300:
2286:
1170:
2079:
Lefever, JT 1981, 'Predatory Pricing Rules: A Comment on Williamson's Output Restriction Rule,'
3138:
2616:(OGH 9.10.2000,ÖBI 2001,135 – subscription prices ; OGH 16.12.2002, 16 Ok 11/02 –Red Bull)
157:
2185:
1985:
1961:
2761:
2164:
1323:
1111:
784:
245:
425:
since other factors such as barriers to entry can indicate an abuse of a dominant position.
2106:
Joskow, PL & Klevorick, AK 1979, 'A Framework for Analysing Predatory Pricing Policy,'
1165:
1127:
952:
767:
375:
308:
200:
195:
83:
3515:
3M Company FKA Minnesota Mining and Manufacturing Company v. LePage's Incorporated, et al.
888:
years earlier. In the course of time, the Post became the biggest newspaper in Washington.
734:
outlaws predatory pricing, treating it as an abuse of dominant position, prohibited under
8:
1140:
1084:
offered free bus rides to put the rival Darlington Corporation Transport out of business.
966:
351:
2706:
2248:
1073:
created explicitly banning free shipping, Amazon started charging one cent for delivery.
3262:
2645:
2588:
2131:
1682:
1176:
1077:
1047:
430:
288:
219:
141:
2737:
J. Gregory Sidak, Debunking Predatory Innovation, 83 COLUM. L. REV. 1121, 1121 (1983).
2034:
https://www.antitrustinstitute.org/wp-content/uploads/2019/04/ANTITRUST-4-step-RoR.pdf
2010:
https://www.antitrustinstitute.org/wp-content/uploads/2019/04/ANTITRUST-4-step-RoR.pdf
3467:
3452:
3429:
3406:
3266:
3189:
2821:
2767:
2490:
1910:
1633:
1608:
1369:
1205:
1150:
356:
312:
190:
73:
61:
3478:
2643:
Ejler Bruun at al., Fogedsager (2nd edn 2000), pp 635 et seq., B, von Eyben et al.,
1257:
3254:
3245:
McGee, John (April 1958), "Predatory Price Cutting: The Standard Oil (N.J.) Case",
1674:
1365:
1338:
1081:
969:
894:
747:
746:
Article 10 of the Federal Law No.135-FZ 'On the Protection of Competition' (FLPC) (
214:
168:
164:
66:
2800:
3039:
3016:
2989:
2966:
2847:
2546:
2118:
2091:
2067:
2040:
2016:
1992:
1968:
1888:
1821:
1798:
1775:
1756:
1729:
1710:
1567:
1548:
1521:
1438:
1415:
1389:
906:
but also defeated a predatory pricing attempt by the government-supported German
800:
788:
659:
650:
328:
173:
152:
98:
22:
3528:
FTC Staff Concludes that Alabama Motor Fuels Marketing Act Restricts Competition
2331:
Brooke Group Ltd. v. Brown & Williamson Tobacco Corp., 113 S. Ct. 2578, 2589
2132:"Brooke Group Ltd. v. Brown & Williamson Tobacco Corp., 509 U.S. 209 (1993)"
1046:
forced Walmart to increase its price for a one-month supply of the prescription
3571:
1145:
973:
520:
121:
103:
3545:
3082:
2667:
Swedish Competition Authority. (n.d.). Prohibited agreements. Retrieved from
2540:
https://kluwerlawonline.com/journalarticle/World+Competition/44.1/WOCO2021006
1091:
939:
867:
637:
210:
178:
2055:
Williamson, OE 1977, 'Predatory Pricing: A Strategic and Welfare Analysis,'
1342:
2688:
1584:
Salop, S.C (1986). "Predatory pricing: Strategic Theory and Legal Policy".
870:
explains one reason why predatory pricing may not be completely effective:
681:
300:
224:
137:
88:
3396:
Predatory Pricing and Related Practices under Section 2 of the Sherman Act
1181:
1160:
916:
899:
864:
has not successfully prosecuted any company for predatory pricing since.
752:ст. 10, Федерального закона от 26.07.2006 N 135-ФЗ "О защите конкуренции"
723:
as the legal standard for assessing predatory pricing under Article 102.
147:
930:
In another example of a successful defense against predatory pricing, a
3342:
Hoffmann-La Roche & Co. AG v Commission of the European Communities
2669:
https://www.konkurrensverket.se/en/law--guidance/prohibited-agreements/
1947:
Raimundas Moisejevas, Ana Novosad, Virginijus Bitė, supra note 31: 592.
1686:
1572:
Hoffmann-La Roche & Co. AG v Commission of the European Communities
1099:
1069:
924:
920:
316:
2111:
2084:
2060:
3531:
3212:
3064:
MCX Stock Exchange Ltd v National Stock Exchange of India Ltd and Ors
2700:
2698:
1846:
Richard Posner, Antitrust Law: An Economic Perspective 189-190 (1976)
1095:
1043:
931:
673:
126:
56:
30:
1678:
3449:
Jones & Sufrin's EU Competition Law: Text, Cases, and Materials
3444:. European Commission. February 24, 2009. Retrieved April 22, 2020.
3258:
3187:
2994:
Tetra Pak International SA v Commission of the European Communities
2487:
Jones & Sufrin's EU Competition Law: Text, Cases, and Materials
1780:
Tetra Pak International SA v Commission of the European Communities
1630:
Jones & Sufrin's EU Competition Law: Text, Cases, and Materials
1443:
Tetra Pak International SA v Commission of the European Communities
1186:
1119:
1103:
680:
or attempts to monopolize. Businesses with dominant or substantial
677:
454:
304:
52:
2695:
702:
Article 102 of the Treaty on the Functioning of the European Union
515:
1058:
911:
903:
893:
Critics of laws against predatory pricing may support their case
327:
in many jurisdictions making the practice illegal under numerous
3421:. Brussels: European Commission. 2005. Retrieved April 22, 2020.
1094:, sued IATA member airlines British Airways, BCal, Pan Am, TWA,
2763:
The Economics of the Business Firm: Seven Critical Commentaries
2711:
2102:
2100:
1115:
907:
132:
3078:
Target matches WalMart's drug cuts; state law limits discounts
1652:
Easterbrook, Predatory Strategies, supra note 1 at 264, 333-37
3492:
436:
3159:"Amazon snubs French free delivery ban with one-cent charge"
2097:
606:
378:, where competition exists amongst both buyers and sellers.
3522:
EU court upholds antitrust fine against France Telecom unit
3225:
1986:
https://scholarlycommons.law.case.edu/caselrev/vol36/iss1/3
1962:
https://scholarlycommons.law.case.edu/caselrev/vol36/iss1/3
3511:, Patrick Bolton, Ph.D. Professor of Finance and Economics
3332:
France Télécom SA v Commission of the European Communities
2186:"Tertiary Education Quality and Standards Agency Act 2011"
1803:
France Télécom SA v Commission of the European Communities
1394:
France Télécom SA v Commission of the European Communities
3231:
1107:
595:
Defendant had clear intent to engage in predatory pricing
2799:
R. Perman. "Chapter 7. Monopoly and barriers to entry".
2462:. European Commission. February 24, 2009. Paragraph 24.
2436:. European Commission. February 24, 2009. Paragraph 23.
1859:. European Commission. February 24, 2009. Paragraph 26.
1463:. European Commission. February 24, 2009. Paragraph 71.
1234:. European Commission. February 24, 2009. Paragraph 63.
989:
3362:
AKZO Chemie BV v Commission of the European Communities
2971:
AKZO Chemie BV v Commission of the European Communities
2410:. European Commission. February 24, 2009. Paragraph 7.
2110:, vol. 89, no. 2, pp. 213-270, viewed 2 May 2022, <
2059:, vol. 87, no. 2, pp. 284-340, viewed 2 May 2022, <
1734:
AKZO Chemie BV v Commission of the European Communities
1526:
AKZO Chemie BV v Commission of the European Communities
1420:
AKZO Chemie BV v Commission of the European Communities
3497:, by William L. Anderson, Ph.D. Professor of Economics
3281:"How Amazon Wins: By Steamrolling Rivals and Partners"
3081:, Associated Press, September 29, 2007, archived from
2934:. Brussels: European Commission. 2005. Paragraph 133.
2902:. Brussels: European Commission. 2005. Paragraph 131.
2870:. Brussels: European Commission. 2005. Paragraph 130.
2625:
OGH 9.9.1997,36 –film hire;OGH 17.3.1998,ÖBI 1998,356.
2356:"Predatory Pricing: Strategic Theory and Legal Policy"
1455:
1453:
1451:
339:
Predatory pricing is split into a two-stage strategy.
3502:
Predatory Pricing Laws: Hazardous to Consumers Health
2214:
Australian Competition and Consumer Commission Update
2032:, vol. 33, no. 3, pp. 50-51, viewed 2 May 2022, <
2008:, vol. 33, no. 3, pp. 50-51, viewed 2 May 2022, <
589:
Defendant set prices to below own cost of production.
3509:
Predatory Pricing: Strategic Theory and Legal Policy
3447:
Jones, Alison; Sufrin, Brenda; Dunne, Niamh (2019).
3426:
Rethinking Exclusionary Abuses in EU Competition Law
2485:
Jones, Alison; Sufrin, Brenda; Dunne, Niamh (2019).
2083:, vol. 90, no. 7, pp. 1639, viewed 2 May 2022, <
1628:
Jones, Alison; Sufrin, Brenda; Dunne, Niamh (2019).
1605:
Rethinking Exclusionary Abuses in EU Competition Law
1510:
1508:
1506:
620:
Predatory pricing is illegal in Australia under the
421:
2. The ability of incumbent company to raise prices
295:
to eliminate competition. This is where an industry
1984:, vol. 36, no. 1, pp. 1-49, viewed 1 May 2022, <
1960:, vol. 36, no. 1, pp. 1-49, viewed 1 May 2022, <
1448:
3403:The Antitrust Paradox: A Policy At War With Itself
3206:
2818:The Antitrust Paradox: A Policy At War With Itself
2028:Carrier, MA 2019, 'The Four-Step Rule of Reason,'
2004:Carrier, MA 2019, 'The Four-Step Rule of Reason,'
1759:) Commission decision of 14 December 1985, para 79
1713:) Commission decision of 14 December 1985, para 76
3101:
2154:
1503:
1324:"The More Economic Approach To Predatory Pricing"
3543:
3134:Amazon.com is challenging French competition law
3130:
2484:
1627:
797:Federal Ministry for Economic Affairs and Energy
455:Short-term loss rules and the Areeda-Turner test
3042:) Commission decision of 16 July 2003, para 257
3019:) Commission decision of 16 July 2003, para 409
1551:) Commission decision of 16 July 2003, para 271
1039:, 2002 and amounted to a Rs 55.5 crore penalty.
919:is a better way to stop predatory pricing than
910:Bromkonvention, who objected to his selling in
858:Brooke Group v. Brown & Williamson Tobacco.
516:Rules governing price increases after predation
3398:. Harvard Law Review. 88: 697–733 – via JSTOR.
3137:, International Herald Tribune, archived from
2759:
955:" in criminal cases—punishment without proof.
265:
2682:
2678:
2676:
2169:: CS1 maint: multiple names: authors list (
2051:
2049:
1664:
1487:"WTO | Anti-dumping - Technical Information"
1404:
1402:
805:Bundesministerium für Wirtschaft und Energie
502:
405:
3306:
3244:
3226:Jones, Alison & Sufrin, Brenda (2007),
2766:. Cambridge University Press. p. 147.
1904:
1291:FDIC Consumer Compliance Examination Manual
783:Compliance with the Act is enforced by the
2250:Predatory pricing laws shock big operators
1331:Journal of Competition Law & Economics
672:Predatory pricing practices may result in
561:
532:
437:Theories for controlling predatory pricing
272:
258:
3532:Re: The Alabama Motor Fuels Marketing Act
3505:, by Donald J. Boudreaux, Ph.D. Economics
3324:) Commission decision of 14 December 1985
3104:"Germany Says Wal-Mart Must Raise Prices"
2673:
2279:"Competition Act (R.S.C., 1985, c. C-34)"
2046:
1602:
1399:
607:Legal aspects amongst different countries
233:Enforcement authorities and organizations
3394:Areeda, Phillip; Turner, Donald (1975).
3278:
2489:. Oxford University Press. p. 374.
1909:. Oxford University Press. p. 763.
1632:. Oxford University Press. p. 398.
1345:– via Advanced Access publication.
902:not only found a cheaper way to produce
3482:. OECD. 1989. Retrieved April 22, 2020.
3209:Introduction to Industrial Organisation
3102:Edmund L. Andrews (September 9, 2000),
2358:. Department of Justice. 25 June 2015.
2305:Competition Act (R.S.C., 1985, c. C-34)
1068:article, the French government ordered
3544:
3462:Whish, Richard; Bailey, David (2018).
2792:
2704:
1905:Whish, Richard; Bailey, David (2018).
1660:
1658:
1270:from the original on September 3, 2020
1057:article the German government ordered
636:"Birdsville Amendments" after Senator
541:
494:, the Court of Justice developed upon
291:which involves the use of large scale
3384:) Commission decision of 16 July 2003
3291:from the original on 27 December 2020
3169:from the original on October 14, 2017
3131:Victoria Shannon (January 14, 2008),
2820:. Simon & Schuster. p. 148.
2798:
2634:OGH 10.7.2001 ÖBI 2001,127 best offer
2183:
1583:
1355:
990:Examples of alleged predatory pricing
741:
527:
16:Undercutting to eliminate competition
2815:
2301:"Definition of anti-competitive act"
1321:
1050:Tri-Sprintec from $ 9.00 to $ 26.88.
1042:According to an AP article a law in
570:
3372:Post Danmark A/S v Konkurrencerådet
3352:Post Danmark A/S v Konkurrencerådet
3279:Mattioli, Dana (22 December 2020).
2852:Post Danmark A/S v Konkurrencerådet
2760:Harold Demsetz (October 14, 1997).
2466:from the original on March 19, 2020
2440:from the original on March 19, 2020
2414:from the original on March 19, 2020
2362:from the original on 7 October 2017
2112:https://www.jstor.org/stable/795837
2085:https://www.jstor.org/stable/796084
2061:https://www.jstor.org/stable/795652
1893:Post Danmark A/S v Konkurrencerådet
1863:from the original on March 19, 2020
1826:Post Danmark A/S v Konkurrencerådet
1655:
1467:from the original on March 19, 2020
1238:from the original on March 19, 2020
1212:from the original on August 6, 2020
13:
2941:from the original on June 23, 2020
2909:from the original on June 23, 2020
2877:from the original on June 23, 2020
2780:from the original on June 29, 2022
2719:from the original on July 29, 2017
410:1. Sacrificing short-term profits
29:
14:
3588:
3486:
2220:from the original on 29 June 2022
1372:– via Elsevier Science Inc.
972:and published by the libertarian
761:
696:
622:Competition and Consumer Act 2010
548:Sherman Act Antitrust Act of 1890
369:
241:International Competition Network
3517:, U.S. Supreme Court No. 02-1865
3196:(2nd ed.), pp. 723–745
2748:The Life and Legend of Jay Gould
2687:. Cato Institute. Archived from
2388:from the original on May 2, 2020
1607:. Hart Publishing. p. 408.
1297:. June 2019. pp. II - 2.1.
667:
3272:
3238:
3219:
3200:
3181:
3151:
3124:
3114:from the original on 2013-03-07
3095:
3069:
3057:
3045:
3022:
2999:
2976:
2953:
2921:
2889:
2857:
2834:
2809:
2753:
2740:
2731:
2685:"The Myth of Predatory Pricing"
2661:
2652:
2637:
2628:
2619:
2610:
2599:from the original on 2018-04-30
2581:
2570:from the original on 2018-04-30
2552:
2532:
2521:from the original on 2016-12-20
2503:
2478:
2452:
2426:
2400:
2374:
2348:
2338:from the original on 2012-10-18
2322:
2311:from the original on 2017-09-13
2293:
2271:
2261:from the original on 2009-01-13
2241:
2232:
2202:
2177:
2148:
2124:
2073:
2022:
1998:
1982:Case Western Reserve Law Review
1974:
1958:Case Western Reserve Law Review
1950:
1941:
1932:
1923:
1898:
1875:
1849:
1840:
1831:
1808:
1785:
1762:
1739:
1716:
1693:
1646:
1621:
1596:
1577:
1554:
1531:
1479:
1358:Industrial Marketing Management
1304:from the original on 2021-03-20
1206:"Glossary of Statistical Terms"
1173:(US Federal law passed in 1936)
3388:
3052:ACCC v Cabcharge Australia Ltd
2705:Sowell, Thomas (May 3, 1999).
1425:
1376:
1349:
1322:Funk, Michael (25 July 2018).
1315:
1282:
1250:
1224:
1198:
1090:Sir Freddie Laker, founder of
246:List of competition regulators
1:
1192:
3424:Ekaterina, Rousseva (2010).
3247:Journal of Law and Economics
1603:Ekaterina, Rousseva (2010).
1370:10.1016/0019-8501(94)90013-2
1066:International Herald Tribune
846:
785:German Federal Cartel Office
615:
7:
3466:. Oxford University Press.
3451:. Oxford University Press.
3207:Cabral, Luis M. B. (2000),
2802:MBM Business economic notes
1134:
10:
3593:
3552:Anti-competitive practices
1022:ACCC v Cabcharge Australia
960:
819:
810:
780:differences with the ARC.
774:
445:
334:
113:Anti-competitive practices
79:Herfindahl–Hirschman index
48:History of competition law
2788:– via Google Books.
2307:. Department of Justice.
1208:. OECD. January 3, 2002.
936:New York Central Railroad
837:
828:
732:The Competition Act, 2002
643:
503:Long-term cost-based rule
406:Implementation conditions
398:initial low price sales.
3537:Predatory Pricing Report
3405:. Simon & Schuster.
3307:EU Primary Sources Cited
2157:New York: Wolters Kluwer
862:Federal Trade Commission
726:
657:Section 78(1)(i) of the
346:The second stage is the
2707:"Predatory prosecution"
2658:Art 1(1) of I. 703/1977
2334:, vol. 209, 1993,
2283:laws-lois.justice.gc.ca
1061:to increase its prices.
834:pricing within Greece.
624:(formally known as the
562:Output restriction rule
533:Industry-specific rules
479:test was reaffirmed in
2854:EU:C:2012:172, para 22
2593:www.legislation.gov.uk
2589:"Competition Act 1998"
2190:www.legislation.gov.au
1895:EU:C:2015:651, para 52
1828:EU:C:2012:172, para 44
1004:Tetra Pak v Commission
965:An article written by
712:
158:Occupational licensing
34:
3567:Pricing controversies
3494:Predatory Legislature
3401:Bork, Robert (1993).
2816:Bork, Robert (1993).
2691:on February 23, 1997.
2515:www.manupatrafast.com
1586:Antitrust Law Journal
1574:ECR II-00461, para 91
1396:ECR I-02369, para 111
1343:10.1093/joclec/nhy008
882:defunct firm's place.
766:Section 18(1) of the
706:
580:The Brooke Group rule
33:
3562:Monopoly (economics)
2973:ECR I-03359, para 10
2511:"Manupatra Articles"
2108:The Yale Law Journal
2081:The Yale Law Journal
2057:The Yale Law Journal
1736:ECR I-03359, para 65
1528:ECR I-03359, para 72
1422:ECR I-03359, para 71
1166:Price discrimination
953:preventive detention
934:emerged between the
768:Competition Act 1998
376:price discrimination
201:Occupational closure
196:Dividing territories
184:Essential facilities
84:Market concentration
3428:. Hart Publishing.
3378:Wanadoo Interactive
3285:Wall Street Journal
3188:Areeda, Phillip E;
3029:Wanadoo Interactive
3006:Wanadoo Interactive
2996:ECR I-5951, para 52
1782:ECR I-5951, para 41
1538:Wanadoo Interactive
1445:ECR I-5951, para 44
1258:"Predatory Pricing"
1171:Robinson–Patman Act
1141:Penetration pricing
1026:Trade Practices Act
1011:Wanadoo Interactive
967:heterodox economist
626:Trade Practices Act
542:Rule of reason test
352:European Commission
3234:, pp. 443–473
3228:EC Competition Law
3190:Hovenkamp, Herbert
3066:, Case No. 13/2009
3038:2021-03-08 at the
3015:2021-03-08 at the
2988:2021-03-08 at the
2965:2021-03-08 at the
2846:2021-03-08 at the
2683:Thomas DiLorenzo.
2646:Karnovs Lovsamling
2545:2022-04-25 at the
2117:2022-05-02 at the
2090:2022-05-02 at the
2066:2022-05-02 at the
2039:2022-04-17 at the
2015:2022-04-17 at the
1991:2021-06-21 at the
1967:2021-06-21 at the
1887:2020-08-06 at the
1820:2021-03-08 at the
1805:ECR I-2369, para 8
1797:2021-03-09 at the
1774:2021-03-08 at the
1755:2021-03-08 at the
1728:2021-03-08 at the
1709:2021-03-08 at the
1667:Harvard Law Review
1566:2021-03-08 at the
1547:2021-03-08 at the
1520:2021-03-08 at the
1437:2021-03-08 at the
1414:2021-03-08 at the
1388:2021-03-09 at the
1177:Contestable market
1078:Darlington Bus War
1048:birth control pill
742:Russian Federation
686:U.S. Supreme Court
648:Section 50 of the
528:Further strategies
299:firm with sizable
220:Regulatory capture
35:
3557:Commercial crimes
3479:Predatory Pricing
3165:. July 11, 2014.
2564:www.consultant.ru
2210:"Predatory Price"
1151:Herbert Henry Dow
997:AKZO v Commission
856:in the 1993 case
571:Two tier approach
546:Section 1 of the
357:barriers to entry
313:barriers to entry
285:Predatory pricing
282:
281:
211:Misuse of patents
206:Predatory pricing
191:Exclusive dealing
74:Barriers to entry
62:Coercive monopoly
3584:
3382:Case COMP/38.233
3313:Article 102 TFEU
3301:
3300:
3298:
3296:
3276:
3270:
3269:
3242:
3236:
3235:
3230:(3rd ed.),
3223:
3217:
3216:
3204:
3198:
3197:
3185:
3179:
3178:
3176:
3174:
3155:
3149:
3148:
3147:
3146:
3128:
3122:
3121:
3120:
3119:
3099:
3093:
3092:
3091:
3090:
3073:
3067:
3061:
3055:
3049:
3043:
3033:Case COMP/38.233
3026:
3020:
3010:Case COMP/38.233
3003:
2997:
2980:
2974:
2957:
2951:
2950:
2948:
2946:
2940:
2933:
2925:
2919:
2918:
2916:
2914:
2908:
2901:
2893:
2887:
2886:
2884:
2882:
2876:
2869:
2861:
2855:
2838:
2832:
2831:
2813:
2807:
2806:
2796:
2790:
2789:
2787:
2785:
2757:
2751:
2744:
2738:
2735:
2729:
2728:
2726:
2724:
2702:
2693:
2692:
2680:
2671:
2665:
2659:
2656:
2650:
2641:
2635:
2632:
2626:
2623:
2617:
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2285:. Archived from
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1542:Case COMP/38.233
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1219:
1217:
1202:
1082:Stagecoach Group
1064:According to an
970:Thomas DiLorenzo
854:US Supreme Court
793:Bundeskartellamt
556:
431:economic profits
329:competition laws
325:anti-competitive
289:pricing strategy
287:is a commercial
274:
267:
260:
165:Product bundling
67:Natural monopoly
19:
18:
3592:
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3577:Competition law
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1199:
1195:
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1053:According to a
1037:Competition Act
992:
963:
945:Sowell argues:
938:(NYCR) and the
849:
840:
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822:
813:
777:
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174:Refusal to deal
153:Tacit collusion
99:Relevant market
23:Competition law
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301:market power
293:undercutting
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225:Rent-seeking
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138:Price fixing
89:Market power
3389:Works cited
3364:ECR I-03359
3348:Case 209/10
3295:27 December
3253:: 137–169,
3173:October 14,
2841:Case 209/10
2184:Education.
1815:Case 209/10
1491:www.wto.org
1364:: 125–131.
1182:Limit price
1161:Externality
921:regulations
917:free market
900:Herbert Dow
895:empirically
550:prohibits '
148:Bid rigging
3546:Categories
3411:0029044561
3358:Case 62/86
3338:Case 85/76
3334:ECR I-2369
3145:2009-03-16
3118:2009-03-16
3089:2009-03-16
2960:Case 62/86
2827:0029044561
2603:2018-04-28
2574:2018-04-28
2525:2016-12-12
2342:2006-01-31
2315:2017-09-13
2265:2009-03-16
2224:1 November
2195:2023-04-24
2141:2023-04-24
2136:Justia Law
1723:Case 62/86
1561:Case 85/76
1515:Case 62/86
1496:2023-04-24
1409:Case 62/86
1308:2020-11-04
1193:References
1100:Air France
1070:amazon.com
925:anti-trust
676:claims of
348:recoupment
215:copyrights
94:SSNIP test
3322:IV/30.698
3267:153539977
3213:MIT Press
3163:France 24
3054:FCA 1261
2945:April 22,
2913:April 22,
2881:April 22,
2470:April 22,
2444:April 22,
2418:April 22,
2392:April 22,
2366:7 October
2030:Antitrust
2006:Antitrust
1867:April 22,
1750:IV/30.698
1704:IV/30.698
1471:April 22,
1274:April 22,
1242:April 22,
1216:April 22,
1096:Lufthansa
1044:Minnesota
1033:MCX v NSE
932:price war
847:Criticism
736:Section 4
674:antitrust
616:Australia
127:Collusion
57:oligopoly
3474:.
3318:ECS/AKZO
3289:Archived
3192:(2002),
3167:Archived
3112:archived
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1965:Archived
1885:Archived
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1753:Archived
1746:ECS/AKZO
1726:Archived
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1700:ECS/AKZO
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1210:Archived
1187:Low-ball
1135:See also
1120:Alitalia
1104:Swissair
923:such as
468:ECS/AKZO
309:industry
305:monopoly
297:dominant
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1687:1340237
1156:Dumping
1076:In the
1059:Walmart
961:Support
912:Germany
904:bromine
820:Denmark
811:Austria
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364:dumping
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908:cartel
876:small.
838:Sweden
829:Greece
801:German
789:German
644:Canada
483:, and
317:recoup
3572:Abuse
3263:S2CID
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