He stated: «Business model like Uber's - based on
predatory pricing made possible by exploitation of drivers and multinational tax avoidance - is immoral.»
Not exact matches
In 1914 Congress enacted the Clayton Act55 to strengthen the Sherman Act and included a provision to curb
price discrimination and
predatory pricing.56 The House Report stated that section 2 of the Clayton Act was expressly designed to prohibit large corporations from slashing
prices below the cost of production «with the intent to destroy and
make unprofitable the business of their competitors» and with the aim of «acquiring a monopoly in the particular locality or section in which the discriminating
price is
made.»
Mr Morrice denounced the major retailers» petrol discounts, which are currently the target of a separate ACCC investigation, saying «excessively high
predatory» petrol
pricing made it very difficult for independent retailers to compete on a level playing field.
If the allegation is — and this is a common mistake that people
make — that, say, Senator Colbeck is undertaking
predatory pricing then the cost that is relevant is his cost.
Agency
pricing, in which publishers set
prices and booksellers take a fixed commission, promised to
make it easier for small booksellers to compete by removing the threat of
predatory pricing by retailing behemoths like Amazon.
If it is, in fact, trying to drive consumer
prices down (and accept short - term losses) in order to be the only (or major) supplier of books to consumers and / or reseller of books from publishers, this can be viewed as
predatory pricing — perhaps good for the consumer in the very short run, but less so in the long run, since there are significant fixed costs to establishing a similar e - book / bricks & mortar presence in the market, particularly in the light of Amazon's potential willingness to drop
prices enough to
make business untenable for the new entrant.
A lawyer in Florida who was put out of business, along with every other real estate lawyer in her city, by a six - month long (that is all it took) campaign of
predatory pricing, and who, needing to
make a living, then took a job with that industry (but is no longer doing much law), went on to describe the level of service (despite the now four times greater cost than the lawyers ever charged) that her new employer and its non-competitors now deliver to the public as shit (her word).