Sacrifice tests for predation in a dynamic pricing model: and meet
International Journal of Industrial Organization（2020）
摘要
•Predation-like behavior can arise under dynamic competition with learning-by-doing.•We decompose equilibrium conditions to derive sacrifice tests for predatory pricing.•Special cases include tests by Ordover and Willig (1981) and Cabral and Riordan (1997).•Conduct restrictions based on sacrifice tests may harm consumers.
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关键词
Industry dynamics,Markov perfect equilibrium,Predatory pricing,Sacrifice tests
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