| Department of Justice and Federal Trade Commission|
Single Firm Conduct: Predatory Buying Panel Tim Brennan
2006: T.D. MacDonald Chair in Industrial Economics Permanent: Professor, Public Policy and Economics
Competition Bureau, Industry Canada
University of Maryland, Baltimore County
Senior Fellow, Resources for the Future, Washington, DC firstname.lastname@example.org, email@example.com FTC Headquarters
Washington, DC June 22, 2006
- Predation or Exclusion? Pick one or the other.
- Validate necessary assumptions in those rare predatory buying cases.
- For exclusion, first delineate complement market, using HMGs.
- Then, establish price effect from complementary marketmonopolization (CMM).
- Test discounts by effect on complement price, not comparison to cost.
- Predation screensç¨rofit sacrifice, equally efficient competitor,even prior dominanceå¦o not belong in exclusion cases.
- Consider share-based rather than all-or-nothing remedies.
- Focus on creation of new monopolies, not maintenance of old ones.
|Brennan: DOJ/FTC Predatory Buying Panel ||June 22, 2006 ||2 |