Fumagalli, Chiara; Motta, Massimo - Centro Studi di Economia e Finanza (CSEF) - 2015
Recent cases in the US (Meritor, Eisai) and in the EU (Intel ) have revived the debate on the use of price-cost tests in loyalty discount cases. We draw on existing recent economic theories of exclusion and develop new formal material to argue that economics alone does not justify applying a...