Persson, L. - Institutet för Näringslivsforskning (IFN) - 1999
predation in an oligopoly is limited by the subsequent competition for the prey. This bidding competition is especially fierce …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … predators avoid the bidding competition. Moreover, the incentive for predation under the US failing firm defense might be even …