1# Library to Find Best eBook for Read
Author : Patrick Greenlee
Release : 2004
Genre : Antitrust law
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis An Antitrust Analysis of Bundled Loyalty Discounts by : Patrick Greenlee
Download or read book An Antitrust Analysis of Bundled Loyalty Discounts written by Patrick Greenlee. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Patrick Greenlee
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis An Antitrust Analysis of Bundled Loyalty Discounts by : Patrick Greenlee
Download or read book An Antitrust Analysis of Bundled Loyalty Discounts written by Patrick Greenlee. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: Consider a monopolist in one market that faces competition in a second market. Bundled loyalty discounts, in which customers receive a price break on the monopoly good in exchange for making all purchases from the monopolist, have ambiguous welfare effects. To analyze such discounts as predatory pricing is incorrect. In some settings, they act as tie-in sales. Existing tests for whether such discounts violate Section 2 of the Sherman Act do not track changes in consumer surplus or total surplus. We present a new test and use it in an illustrative example based on SmithKline that assumes the "tied" market is a homogeneous good. If the tied market is characterized by Hotelling competition, bundling by the monopolist causes the rival firm to reduce its price. In numerical examples, we find that this can deter entry or induce exit.
Author : Bruce H. Kobayashi
Release : 2005
Genre : Antitrust law
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Economics of Loyalty Discounts and Antitrust Law in the United States by : Bruce H. Kobayashi
Download or read book The Economics of Loyalty Discounts and Antitrust Law in the United States written by Bruce H. Kobayashi. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas A. Lambert
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Antitrust Analysis of Bundled Discounts by : Thomas A. Lambert
Download or read book Antitrust Analysis of Bundled Discounts written by Thomas A. Lambert. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: The Third Circuit's decision in Lepage's v. 3M created a great deal of uncertainty about the legality of so-called bundled discounts - i.e., discounts (or rebates) conditioned upon purchasing multiple products from disparate product markets. This paper, prepared for a joint Department of Justice/Federal Trade Commission hearing on single-firm exclusionary conduct, describes the competitive risk bundled discounts present, summarizes and critiques the six leading approaches courts and commentators have proposed for evaluating the legality of such discounts, and proposes an alternative evaluative approach.
Author : Sean Gates
Release : 2014
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Antitrust by Analogy by : Sean Gates
Download or read book Antitrust by Analogy written by Sean Gates. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: Antitrust law has become dominated by economics. With its chief end the enhancement of economic welfare through the preservation of the competitive process, antitrust jurisprudence now seeks to follow consensus economic theory. Antitrust liability rules are thus based on prevailing economic views. But what are courts to do when there is no consensus on the economics underlying particular conduct? How can the courts rationally develop antitrust liability rules when the economic analysis of certain conduct is unsettled? That is the case with loyalty rebates and bundled discounts, through which price rebates or discounts are conditioned on the customer purchasing a certain percentage of its requirements or multiple products from the seller. There is no established framework of analysis for conduct involving rebates. There is no long line of cases. There is no “great weight of scholarly opinion” presenting a consensus view. Economists and scholars simply disagree on when such practices may harm competition. Rebates thus offer a rare window into the development of antitrust jurisprudence in the absence of a consensus economic theory. Existing case law presents three analogies -- exclusive dealing, tying, and predatory pricing. Judicial decisionmaking regarding rebates is thus a study in analogical reasoning. But what is sorely missing from the current jurisprudence are in-depth analyses of the efficacy of these analogies. Fuller examination of the three analogies reveals flaws in each. But this examination also points to a better solution.
