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Why Predatory Pricing Is Highly Unlikely

David R. Henderson
May 1, 2017

Many people believe that large firms with deep pockets can use predatory pricing to drive competitors out of business. In this month's Econlib Feature Article, economist David R. Henderson shows that predatory pricing is highly unlikely. The plausibility of predatory pricing fails when one compares the implicit assumptions about corporate governance with the actual details of that governance. The downside of antitrust suits against predatory pricing is that they are more likely to prevent healthy price competition, thus hurting consumers and particularly efficient firms.
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Arnold Kling

The Pros and Cons of Liberty

Arnold Kling
May 1, 2017
This month, Arnold Kling discusses the recent Cato Institute essay collection Arguments for Liberty. What moral framework, if any, best supports individual liberty? And why isn't libertarianism the default for all philosophers? Kling concludes with some advice for those who favor liberty.
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FEATURED COLUMNS

THINKING STRAIGHT

Anthony de Jasay

Thinking About the Euro-bond

Anthony de Jasay
May 1, 2017
Can the introduction of euro-bonds secure a stable future for the economies of the European Union? Anthony de Jasay has his doubts. But he also has some suggestions the Eurocrats might want to consider.
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AN ECONOMIST LOOKS AT EUROPE

Pedro Schartz

The Fear of Robots

Pedro Schwartz
May 1, 2017
While he hasn't been displaced by a robot yet, Pedro Schwartz shares some of the concern about the impact of robots on the labor force in the future. In analyzing his own fear, he brings Jean Baptiste Say and horses to bear on the question, and ultimately finds himself relieved.
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