Exclusionary Practices: The Economics of Monopolisation and Abuse of Dominance
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| Anteprima |
The
most controversial area in competition policy is that of exclusionary
practices, where actions are taken by dominant firms to deter
competitors from challenging their market positions. Economists have
been struggling to explain such conduct and to guide policy-makers in
designing sensible enforcement rules. In this book, authors Chiara
Fumagalli, Massimo Motta, and Claudio Calcagno explore predatory
pricing, rebates, exclusive dealing, tying, and vertical foreclosure,
through a blend of theory and practice. They develop a general framework
which builds on and extends existing economic theories, drawing upon
case law, discussions of cases and other practical considerations to
identify workable criteria that can guide competition authorities to
assess exclusionary practices. Along with analyses of policy
implications and insights applied to case studies, the book provides
practitioners with non-technical discussions of the issues at hand,
while guiding economics students with dedicated technical sections with
rigorous formal models.
