Introduction

Churchill's verdict about economics 'Ask five economists and you will receive six different answers' continues to hold even now. For roughly 50 years economists have debated predation, namely what it is (and if it exists at all), how to assess whether it is taking place, and how to stop it. No broad agreement has so far been reached. In practice the picture becomes even more complex as courts and legal scholars are involved when charges of predatory behaviour are finally settled in court. Predation is not confined to the aviation industry. Indeed the famous Matsushita and Brooke Group cases, which made the disagreement among economists and legal experts obvious to a wide public, stem from the TV manufacturing and cigarette industries. ...

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