In an article published in 1975, we examined the economic and administrative aspects of
various approaches to the problem of" predatory pricing" under section 2 of the Sherman …

A firm may reduce its prices in an attempt to destroy its rivals or to deter new entry. Although
the Sherman Act has long been construed to prohibit this practice, the case law on predatory …

N the February 1975 Harvard Law Review, Professors Areeda and Turner formulate cost-
based rules for judging whether price cutting by established firms with market power (ie," …

This commentary addresses issues raised by Professors Areeda and Turner in Williamson
on Predatory Pricing, which was published in the June 1978 issue of this Journal. 1 Areeda …

In their reply, Professors Areeda and Turner offer a number of arguments that are most
persuasive, at least within their own terms of reference. It is with the terms of reference that I …

A we would have expected, Professor Scherer's article 1 does much to clarify and refine the
economic considerations relevant to determining what is proper pricing by a monopolist, and …

Professors Areeda and Turner made innumerable contributions to antitrust and one of those
contributions for which they are most famous is a cost-based test to determine if pricing is …

PREDATORY PRICING tems. Unfortunately, not all labels are equally helpful. Some act
more like either black holes or rat holes: They either swallow the entire topic or provide …

Until recently predatory pricing'has been a relatively vague concept in antitrust law. This may
be because emotive terms, such as predatory pricing, do not invite and sometimes defy …

Recent literature on the law and economics of antitrust has devoted increasing attention to
the issue of" predatory pricing"-a dominant firm's use of price to restrict competition by …