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Anticompetitive Overbuying By Power Buyers, Steven C. Salop
Anticompetitive Overbuying By Power Buyers, Steven C. Salop
Georgetown Law Faculty Publications and Other Works
Two types of single-firm overbuying are analyzed in this article. Predatory overbuying consists of overbuying inputs as a predatory strategy to cause buyer-side competitors in the input market to exit from the market or permanently shrink their capacity in order to gain monopsony power in the input market. Raising Rivals' Costs (RRC) overbuying consists of overbuying inputs as an exclusionary strategy to raise rivals' input costs and thereby gain market power in the output market. In most cases, the additional input purchases are used to produce output. However, in unusual cases a firm may engage in naked overbuying, that is, …
The Essential Facilities Doctrine Under United States Antitrust Law, Robert Pitofsky, Donna Patterson, Jonathan Hooks
The Essential Facilities Doctrine Under United States Antitrust Law, Robert Pitofsky, Donna Patterson, Jonathan Hooks
Georgetown Law Faculty Publications and Other Works
The issue of essential facilities has attracted renewed attention in Europe in recent years because of the controversy between IMS Health Inc. and NDC Health Corporation, two competitors in pharmaceutical data services in Germany . . . After an extensive investigation, the European Commission (EC) ordered that IMS grant access to the 1860 brick structure on commercially reasonable terms, and the EC decision is now on appeal in the Court of First Instance in Luxembourg. One issue that emerged in that litigation is whether a decision by European authorities to grant access to the alleged essential facility, especially one whose …