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humanities.philosophy.objectivism |
>Would you describe this as an instance of your "2% rule" (as in "you can find 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.
>2% of economists who don't favor free trade"), or could something more
>serious be going on?
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"