Besanko, David; Doraszelski, Ulrich; Kryukov, Yaroslav - C.E.P.R. Discussion Papers - 2011
Predatory pricing--a deliberate strategy of pricing aggressively in order to eliminate competitors--is one of the more contentious areas of antitrust policy and its existence and efficacy are widely debated. The purpose of this paper is to formally characterize predatory pricing in a modern...