This article is intended to be a practical user guide to help assess their rebates' capability to foreclose. It first discusses how firms can assess whether their practices are capable of restricting competition. It then reviews the most important issues that are open as to the way the...

A growing literature documents the existence of strategic political reactions to public expenditure in one jurisdiction on either neighboring or reference jurisdictions. The latter might give raise to downward expenditure spiral, or "race to the bottom". However, in ascertaining the empirical...