"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 paper analyzes the last three decades of debates on predatory pricing in US antitrust law, starting from the literature which followed Areeda & Turner 1975 and ending with the early years of the new century, after the Brooke decision. Special emphasis is given to the game-theoretic approach...