| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12125 |
| DP12125 Hunting Unicorns? Experimental Evidence on Predatory Pricing Policies | |
| Armin Schmutzler; Catherine Roux; Christian Thoeni | |
| 发表日期 | 2017-07-01 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We study the anti-competitive 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 cuts discourages entry, and allows incumbents to charge monopoly prices. Current U.S. policy (Brooke Group) does not help. A policy suggested by Baumol (1979) lowers post-exit prices, while Edlin’s (2002) proposal reduces pre-entry prices and encourages entry. While both policies show outcomes after entry that are less competitive than under Laissez-Faire, they nevertheless increase consumer welfare. |
| 主题 | Industrial Organization |
| 关键词 | Predatory pricing Entry deterrence Firm strategy Antitrust law Experiment |
| URL | https://cepr.org/publications/dp12125 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540936 |
| 推荐引用方式 GB/T 7714 | Armin Schmutzler,Catherine Roux,Christian Thoeni. DP12125 Hunting Unicorns? Experimental Evidence on Predatory Pricing Policies. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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