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ARE EXCESSIVE PRICES REALLY SELF-CORRECTING?

Abstract:

Excessive pricing by a dominant firm is considered as one of the most blatant forms of abuse. Despite this, competition authorities frequently refrain from intervening against excessive prices. The non-interventionist approach is based, among others, on the premise that high prices encourage new entry and thereby should be feared less. According to this view, in many cases, excessive prices are likely to be competed away and make intervention redundant. This paper questions this conventional ...

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Publication status:
Published

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Publisher copy:
10.1093/joclec/nhn033

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Institution:
University of Oxford
Division:
SSD
Department:
Law
Sub department:
Law Faculty
Role:
Author
Journal:
JOURNAL OF COMPETITION LAW and ECONOMICS
Volume:
5
Issue:
2
Pages:
249-268
Publication date:
2009-06-01
DOI:
EISSN:
1744-6422
ISSN:
1744-6414
Source identifiers:
295074
Language:
English
Pubs id:
pubs:295074
UUID:
uuid:8a617908-9fe9-40ec-b5c2-a8888161b56c
Local pid:
pubs:295074
Deposit date:
2014-08-16

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