Under US federal antitrust law, predatory pricing requires both pricing below cost as well as a reasonable prospect of recoupment on investment. Recent changes in Canadian law have moved away from the recoupment test and this article critically examines the rationale and wisdom of such...

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...