Predation With a Learning Curve
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 1995 |
| Outros Autores: | |
| Tipo de documento: | Artigo |
| Idioma: | eng |
| Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
| Texto Completo: | http://hdl.handle.net/10362/87927 |
Resumo: | 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, and 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 the parameters of the model, although the information requirements of fashioning an effective legal rule against harmful predation are formidable. |
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Predation With a Learning CurveAn 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, and 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 the parameters of the model, although the information requirements of fashioning an effective legal rule against harmful predation are formidable.Nova SBERUNCabral, Luís M. B.Riordan, Michael H.2019-11-21T11:12:43Z1995-021995-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/87927engCabral, Luis M. B. and Riordan, Michael H., Predation With a Learning Curve (February, 1995). FEUNL Working Paper Series No. 244info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:39:07Zoai:run.unl.pt:10362/87927Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:47.349460Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
| dc.title.none.fl_str_mv |
Predation With a Learning Curve |
| title |
Predation With a Learning Curve |
| spellingShingle |
Predation With a Learning Curve Cabral, Luís M. B. |
| title_short |
Predation With a Learning Curve |
| title_full |
Predation With a Learning Curve |
| title_fullStr |
Predation With a Learning Curve |
| title_full_unstemmed |
Predation With a Learning Curve |
| title_sort |
Predation With a Learning Curve |
| author |
Cabral, Luís M. B. |
| author_facet |
Cabral, Luís M. B. Riordan, Michael H. |
| author_role |
author |
| author2 |
Riordan, Michael H. |
| author2_role |
author |
| dc.contributor.none.fl_str_mv |
RUN |
| dc.contributor.author.fl_str_mv |
Cabral, Luís M. B. Riordan, Michael H. |
| description |
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, and 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 the parameters of the model, although the information requirements of fashioning an effective legal rule against harmful predation are formidable. |
| publishDate |
1995 |
| dc.date.none.fl_str_mv |
1995-02 1995-02-01T00:00:00Z 2019-11-21T11:12:43Z |
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info:eu-repo/semantics/publishedVersion |
| dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
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article |
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publishedVersion |
| dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/87927 |
| url |
http://hdl.handle.net/10362/87927 |
| dc.language.iso.fl_str_mv |
eng |
| language |
eng |
| dc.relation.none.fl_str_mv |
Cabral, Luis M. B. and Riordan, Michael H., Predation With a Learning Curve (February, 1995). FEUNL Working Paper Series No. 244 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Nova SBE |
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Nova SBE |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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