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Verdrängungspreise auf Telekommunikationsmärkten?

  • Justus Haucap
  • Jörn Kruse

The main argument commonly put forward against retail price deregulation in Germany's telecommunications markets is the concern that otherwise the former monopoly supplier may engage in predatory pricing. And even though some game theoretic models show that predation is sometimes possible, this paper argues that predatory pricing will generally not be profitable. However, prices below average cost and even below marginal cost may be part of a profit-maximizing business strategy without any predatory intent. Therefore, it is often difficult in practice to distinguish between predatory, anti-competitive price cuts and normal, competitive pricing policies. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2004

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Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

Volume (Year): 5 (2004)
Issue (Month): 3 (08)
Pages: 337-361

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Handle: RePEc:bla:perwir:v:5:y:2004:i:3:p:337-361
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  1. Bolton, Patrick & Scharfstein, David S, 1990. "A Theory of Predation Based on Agency Problems in Financial Contracting," American Economic Review, American Economic Association, vol. 80(1), pages 93-106, March.
  2. Paul Milgrom & John Roberts, 1980. "Predation, Reputation, and Entry Deterrence," Discussion Papers 427, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  3. Haucap, Justus & kruse, Joern, 2003. "Ex-Ante-Regulierung oder Ex-Post-Aufsicht fuer netzgebundene Industrien?," Working Paper 25/2003, Helmut Schmidt University, Hamburg.
  4. Kruse, Jörn & Haucap, Justus, 2002. "Zuviel Wettbewerb in der Telekommunikation?," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1998 - 2007), ZBW – German National Library of Economics / Leibniz Information Centre for Economics, vol. 82(2), pages 92-98.
  5. Kreps, David M. & Wilson, Robert, 1982. "Reputation and imperfect information," Journal of Economic Theory, Elsevier, vol. 27(2), pages 253-279, August.
  6. Cabral, Luis M B & Riordan, Michael H, 1997. "The Learning Curve, Predation, Antitrust, and Welfare," Journal of Industrial Economics, Wiley Blackwell, vol. 45(2), pages 155-69, June.
  7. Shapiro, Carl, 1983. "Premiums for High Quality Products as Returns to Reputations," The Quarterly Journal of Economics, MIT Press, vol. 98(4), pages 659-79, November.
  8. Justus Haucap, 2003. "Selective Price Cuts and Price Discrimination Bans in Network Industries," Journal of Industry, Competition and Trade, Springer, vol. 3(4), pages 269-291, December.
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