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Areeda–Turner and the Treatment of Exclusionary Pricing under U.S. Antitrust and EU Competition Policy

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  • Stephen Martin

Abstract

The paper begins with a “readers’ guide” to Areeda and Turner (Harv Law Rev 88:697–733, 1975 ). It continues to explain the differing receptions of the price-unit cost approach to evaluating predatory pricing in U.S. antitrust policy and EU competition policy in terms of differing views on the likelihood that predation will occur and differing weights given to the probability of incorrectly condemning competition on the merits as predatory and incorrectly exonerating predatory behavior as competition on the merits. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Stephen Martin, 2015. "Areeda–Turner and the Treatment of Exclusionary Pricing under U.S. Antitrust and EU Competition Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 46(3), pages 229-252, May.
    • Handle: RePEc:kap:revind:v:46:y:2015:i:3:p:229-252
    DOI: 10.1007/s11151-015-9458-z
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    9. Yamey, B S, 1972. "Predatory Price Cutting: Notes and Comments," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 129-142, April.
    10. William Comanor & H. Frech, 2015. "Economic Rationality and the Areeda–Turner Rule," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 46(3), pages 253-268, May.
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    Cited by:

    1. Jeroen Hinloopen & Stephen Martin, 2015. "Introduction: 40 Years of Areeda–Turner," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 46(3), pages 205-207, May.

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    More about this item

    Keywords

    Areeda–Turner rule; Predatory pricing; Antitrust; Competition policy; L12; L41;
    All these keywords.

    JEL classification:

    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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