"In Are Predatory Commitments Credible? Who Should the Courts Believe? John Lott provides long-awaited empirical analysis of predatory pricing. By examining firms accused of or convicted of predation over a thirty-year period, he shows that these firms are not organized as game-theoretic or other models of predation would predict. In contrast, what evidence exists for predation suggests that government enterprises are more of a threat and are more likely to engage in predatory behavior than private firms.

This work will be of great interest to economists, legal scholars, and antitrust policy makers."--BOOK JACKET.