Verdrängungspreise auf Telekommunikationsmärkten?
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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Volume (Year): 5 (2004)
Issue (Month): 3 (08)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Paul Milgrom & John Roberts, 1980.
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427, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- 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.
- Haucap, Justus & kruse, Joern, 2003. "Ex-Ante-Regulierung oder Ex-Post-Aufsicht fuer netzgebundene Industrien?," Working Paper 25/2003, Helmut Schmidt University, Hamburg.
- 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.
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