| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6032 |
| 来源ID | Working Paper 6032 |
| Predation and Its Rate of Return: The Sugar Industry, 1887-1914 | |
| David Genesove; Wallace P. Mullin | |
| 发表日期 | 1997-05-01 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | 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 we show to exceed observed margins. We argue that predation occurred only when the relative cost of it to the dominant firm was small, and that it was most probably used to deter future capacity additions. It was also used to lower the purchase price of preexisting firms after one entry episode. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Antitrust |
| URL | https://www.nber.org/papers/w6032 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563537 |
| 推荐引用方式 GB/T 7714 | David Genesove,Wallace P. Mullin. Predation and Its Rate of Return: The Sugar Industry, 1887-1914. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6032.pdf（426KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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