We propose a simple theory of predatory pricing, based on scale economies and sequential buyers (or markets). The …

An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …

In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some …

antitrust authority. Although the information improves upon the quality of the authority’s decision, the influence activities … institution and provide conditions under which an efficiency defense is desirable. We also discuss the implications for antitrust …

Antitrust policy involves not just the regulation of anti-competitive behavior, but also an important deterrence effect … unable to empirically measure these effects. We consider the ability of different antitrust actions – Prohibitions, Remedies … empirically estimate the impact of antitrust actions on future merger frequencies. We find merger prohibitions to lead to …

conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …