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Newsgroups: humanities.philosophy.objectivism
From: David Friedman <D...@best.com>
Date: 1998/05/08
Subject: Re: Yet Another To David Friedman: Antitrust (was Re: To David Friedman: Antitrust)
In article <6iv0ti$l...@nnrp1.dejanews.com>, gsoll...@virginia.edu wrote: I don't know. There has been a game theory literature for some time >The May 2 issue of The Economist has an article on antitrust (p.62-4) with a >cartoon contrasting the "Chicago School" with the "Real World School" and >quotes several economists who are skeptical of "Chicago Orthodoxy" on >antitrust. In particular, according to the article, the idea of "predatory >pricing" has a new lease on life due to "connected markets" (Microsoft is >mentioned), and some markets (air travel) are no longer thought to be >"contestable" due to large sunk costs. >Would you describe this as an instance of your "2% rule" (as in "you can find challenging the standard debunking of predatory pricing. I don't find the bits I have seen very convincing, but it is not a field I work in. -- David Friedman D...@Best.com http://www.best.com/~ddfr/ "No man is secure in his life, liberty or property while the legislature is in session" You must Sign in before you can post messages.
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