We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information setting where an incumbent may face an entrant, in which case it needs to decide whether to accommodate or predate it. If the entrant exits, a new entrant is born with positive...

We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information setting where an incumbent may face an entrant, in which case it needs to decide whether to accommodate or predate it. If the entrant exits, a new entrant is born with positive...

We consider a dynamic platform competition in a market with network externalities. The incumbent platform enjoys a focal position such that consumers expect other consumers to join it, while the entrant platform may enjoy a quality advantage. We examine the effect of an antitrust policy that...

The debate about the implications of algorithms on competition law enforcement has so far focused on multi-firm conduct in general and collusion in particular. The implications of algorithms on abuse of dominance have been largely neglected. This article seeks to fill the gap in the existing...

This paper incorporates the economic theory of predation into the theory of economic growth. The analytical framework is a dynamic general-equilibrium model of the interaction between two dynasties, one of which is a potential predator and the other is its prey. Each generation of each dynasty...

Competition in many important industries centers on investment in intellectual property. Firms engage in dynamic, Schumpeterian competition for the market, through sequential winner-take-all races to produce drastic innovations, rather than through static price/output competition in the market....

We study entry into the American sugar refining industry before World War I. We show that the price wars following two major entry episodes were predatory. Our proof is twofold: by direct comparison of price to marginal cost, and by construction of predicted competitive price cost margins that...

I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines. The cartel makes the decision whether or not to begin...

Both corporate theory and sex discrimination law start with presumptions that CEOs seek to advance legitimate ends and design the internal organization of business enterprises to achieve such ends. Yet, a growing literature questions why CEOs and boards of directors nonetheless select for...

Everyone has seen many products or services on which there is a huge discount which is offered by a large number of players. It is unbelievable to see how these products and services are offered at throwaway prices. Predatory pricing is a strategy whereby a powerful organization with deep...

The EUJS of 30 January 2020 ( České dráhy a.s. v. European Commission. Joined Cases C-538/18 P and C-539/18 P- ), has again dealt with the relationship between costs and prices in predatory practices when a dominant position is held. Taking into account all the cases already decided by the...

We analyze the interaction between firms' payout policies and their decisions in product markets in a continuous-time stochastic game between two firms. One of these is financially constrained, whereas the other is not. Contrary to the standard literature we allow firms to choose production and...

The technology industry has seen rapid growth over the last few decades and many populists and reformers seek to reign in this growth with amendments to various antitrust regulatory structures. This paper continues my previous analysis of these general reforms while specifically analyzing...

List of Figures; List of Tables; Chapter 1: Introduction; Chapter 2: Background; Chapter 3: Journals; Chapter 4: Publishers; Chapter 5: Stakeholders; Chapter 6: Hijacked Publishing; Chapter 7: Conferences; Chapter 8: Metrics and Indexes; Chapter 9: Conclusion; Appendix A; Appendix B; References;...

The assumption on which much of antitrust law is based is that firms are rational, profit maximizers. Yet, the large firms of today prefer to grow aggressively by sacrificing profits. This paper argues that it is time for antitrust law to reconsider the assumption of profit maximization,...

Economics as a social science is about exchange and the institutions within which exchange relationships are formed and transactions are executed. Yoram Barzel's contribution to economics and political economy reflect this focus on exchange and institutions. In this paper, I will sketch a theory...

Disruptive Innovationen als Treiber wirtschaftlicher Entwicklungen -- Die Relevanz der strategischen Analyse -- Das Unternehmen Spotify -- Das Unternehmen Netflix -- SWOT-Analyse und TOWS-Normstrategien -- Strategische Analyse von Spotify -- Strategische Analyse von Netflix -- Die Auswirkungen...

Once upon a time there was a little entrepreneur walking in the forest with a bag of new inventions-designed-to-shake-up-the-world. Along the way he met Big Bad Wolf, who was dressed in sheep’s wool."Where are you going, Little Entrepreneur?" asked Big Bad Wolf."I am going to Invention’s...

We provide empirical evidence that uncertainty (rather than risk) and optimism are distinctive characteristics of high-impact entrepreneurial firms (recently listed firms) relative to old, incumbent firms. Based on this evidence, we construct an entrepreneurial entry predation model with...

Successful governance implies that organizations, networks, or practices create public or club goods by constraining behavior, sharing information, or providing resources. While effective governance may require a functional state, compelling studies have theorized informal governance without...

This article revolves around the interaction between trade policy and competition policy, with a particular emphasis on the relationship between anti-dumping and predatory pricing rules. Accordingly, this article discusses the differences and similarities between the two policies, based on the...

We provide empirical evidence that uncertainty (rather than risk) and optimism are distinctive characteristics of high-impact entrepreneurial firms (recently listed firms) relative to old, incumbent firms. Based on this evidence, we construct an entrepreneurial entry predation model with...

We study the anticompetitive effects of predatory pricing and the efficacy of three policy responses. In a series of experiments where an incumbent and a potential entrant interact, we compare prices, market structures and welfare. Under a laissez-faire regime, the threat of post-entry price...

We study the anticompetitive effects of predatory pricing and the efficacy of three policy responses. In a series of experiments where an incumbent and a potential entrant interact, we compare prices, market structures and welfare. Under a laissez-faire regime, the threat of post-entry price...