1. The economics of predatory pricing -- 2. The two freedoms and British Common Law -- 3. American economists and destructive competition -- 4. Predatory pricing in the formative era of antitrust law -- 5. Predatory pricing in the structuralist era -- 6. The Chicago School and the irrelevance of...

The invention of the price/cost margin (P-MC)/P as an index of market power is usually credited to Lerner (Rev Econ Stud 1(3):157–175, <CitationRef CitationID="CR28">1934</CitationRef>). Landes and Posner (Harv Law Rev 94(5):937–996, <CitationRef CitationID="CR26">1981</CitationRef>) is similarly often considered the main reference for the generalized version of the index in the...</citationref></citationref>

<title>Abstract</title> The paper deals with the history of the antitrust offence of predatory pricing in U.S. antitrust law. Despite being considered so serious a violation to deserve a <italic>per se</italic> condemnation, predatory behaviour has never been easy to identify in real markets because pricing at a very low level...