Responding to a critique that our earlier article on predatory pricing moved too swiftly and decisively to implement modern strategic theory in antitrust enforcement, we urge that (1) strategic theory is robust and provides a solid foundation for legal policy, (2) the several elements of our...

This paper proposes a new legal rule on predatory pricing based on strategic analysis. The Supreme Court's decision in Brooke with its emphasis on closely analyzing the scheme of predation and recoupment calls for such an analysis. At the same time economic development over the last 20 years of...

Recent years have witnessed a virtual explosion in the legal and economic literature dealing with predatory pricing. Equally dramatic has been the swift adoption by several courts of policy conclusions derived from this literature--a development that is startling, given the complexity and volume...