"Can a price ever be too low? Can competition ever be ruinous? Questions like these have always accompanied American antitrust law. They testify to the difficulty of antitrust enforcement, of protecting competition without protecting competitors. As the business practice that most directly...

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 history of predatory pricing law and economics is peculiar on account of the seemingly inescapable contradiction between the legal habit of condemning a business practice on account of its possible unfair and inefficient effects and the necessity of providing an economic rationale for the...