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The lens used by the courts and much of the antitrust literature on predatory selling and/or buying is based on partial …
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This paper considers a model of endogenous bilateral cross-holdings. A notion of pairwise stability is applied to analyze firms' incentives for cross-holdings. Under certain conditions and Cournot competition on the output market, it is shown that monopoly is the only outcome of pairwise stable...
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convergence between antitrust and regulatory policy. …
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