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| Author: | Shepherd, W. G. |
| Title: | Entry barriers, contestability and predatory pricing. |
| Journal: | Revue d'Economie Industrielle
1988 : OCT-NOV, 46, p. 1-20 |
| Index terms: | TRADE BARRIERS COMPETITION FREE TRADE |
| Language: | eng |
| Abstract: | Contestability and pedatory pricing have in common that they have been used against antitrust policies. After a short discussion of barriers to entry, the special case of "ultra-free entry" is examined. Several limits of ultra-free entry are mentioned. The cases of US Airlines and Long-Distance Telephone Service are presented. The situation of dominance - as opposed to the parity conditions required by effective competition - and the resulting actions are analyzed. A set of criteria for anticompetitive - predatory - actions is determined. A single rule is proposed for deciding whether actions are pro or anti competitive. Comparisons with alternative approaches are made. |
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