search query: @indexterm learning curves / total: 79
reference: 17 / 79
| Author: | Cabral, L. Riordan, M. |
| Title: | The learning curve, predation, antitrust , and welfare |
| Journal: | Journal of Industrial Economics
1997 : JUN, VOL. 45:2, p. 155-169 |
| Index terms: | INDUSTRIAL ECONOMICS LEARNING CURVES WELFARE |
| Language: | eng |
| Abstract: | An economic definition of predation is applied to a dynamic model of duopoly competition with learning curves. It is shown that rational predation occurs in equilibrium, although below-cost pricing is neither a necessary nor a sufficient indicator of predation. A conceptual framework for antitrust analysis of predation shows that a prohibition of predation might help or harm consumer welfare depending on details of market structure, although the informational requirements of fashioning an effective legal rule against harmful predation are formidable. |
SCIMA