Abstract
By means of a simple example, I demonstrate that it may be rational for consumers to purchase at predatory prices, even though the exit of the intended victim and the consequent price increase are correctly anticipated.
Original language | English (US) |
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Pages (from-to) | 385-389 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 11 |
Issue number | 4 |
DOIs | |
State | Published - 1983 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics