Predatory Accommodation : Below-Cost Pricing Without Exclusion in Intermediate Goods Markets  

Oleh:

Shaffer, Greg ; Marx, Leslie M.

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Rand Journal of Economics vol. 30 no. 1 (1999), page 22-43.
Topik: MARKETS; predatory accomodation; below - cost pricing; exclusion; intermediate goods markets

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We show that below - cost pricing can arise in intermediate goods markets when a monopolist retailer negotiates sequentially with two suppliers of substitute products. Below - cost pricing by one supplier allows the retailer to extract rents from the second supplier. Thus, the retailer and one supplier can increase their joint profit at the expense of the second supplier. We consider the welfare implications of below - cost pricing (welfare can increase or decrease as a result of below - cost pricing) and provide suggestions for when the courts should view below - cost pricing in intermediate goods markets as anticompetitive and when they should not.

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