International Trade Meaning and Definition of Predatory Pricing
Meaning of Predatory Pricing
It is a form of price discrimination that requires selling below cost with the intention of destroying competition. However, predatory pricing is against law.
Related Entries of Predatory Pricing in the Encyclopedia of Law Project
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Predatory Pricing in Historical Law
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Legal Abbreviations and Acronyms
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Predatory pricing in Global Commerce Policy
In this regard, a definition of this issue is as follows: the setting of prices at aggressively low levels, also known as ruinous competition, below-cost pricing, etc. This is the concept thought to underlie the treatment in the GATT of dumping, but it is not actually mentioned in its provisions. No single definition of predatory behaviour enjoys unanimous support, but there is agreement that to qualify as predatory pricing, an action should be aimed at driving efficient competitors out of the market. The entries on trade policy are here. It has always been difficult to determine what the dividing line between competitive pricing and predatory pricing might be. Predation is a costly activity, and it would only be worth it to the predator if in the end all the costs incurred and the revenues foregone could be recovered. This is a doubtful proposition. See also Areeda-Turner test and non-price predation.[1]
Predatory pricingin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Predatory pricing” entry (OAS)
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