publication . Doctoral thesis . 2016

Competition Law and the Bounded Rationality of Firms

Bhattacharya, Shilpi;
Open Access English
  • Published: 23 Jun 2016
  • Publisher: Erasmus University Rotterdam
Abstract
Firm rationality plays a role in several aspects of competition law. Yet, the conception of the firm as a rational, profit maximizing entity has been disputed in different disciplines. This literature shows that neoclassical economic assumptions on which competition law is based can fall short of explaining the full range of observed firm behaviour. Accordingly, an alternative conception of the firm as boundedly rational can impact the understanding of firm conduct in competition law. Behavioural literature describes two different sources of bounded rationality in firms. Firstly, behavioural biases of managers, such as overconfidence bias can affect decisio...
Subjects
free text keywords: IUS/05 Diritto dell'economia

7.2 Market Structure 154 7.3 Bounded Rationality and Intent to Eliminate Competition 156 7.4 Recoupment 161 8. THE AMERICAN AIRLINES CASE 165 9. THE AMAZON CASE 170 9.1 Amazon as a strategic competitor 172 9.2 The structure of the retail industry 174 9.3 Bounded Rationality, Competitive Strategy and Anticompetitive Intent 177

9.4 The Dispute with Hachette: Control Over Ebook Pricing 181 9.5 Amazon's Conduct and the Normative Paradigm of Predation 186 10. CONCLUSION 190

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publication . Doctoral thesis . 2016

Competition Law and the Bounded Rationality of Firms

Bhattacharya, Shilpi;