Exclusionary Practices
The Economics of Monopolisation and Abuse of Dominance

The most controversial area in competition policy is that of exclusionary practices, where actions are taken by dominant firms to deter competitors from challenging their market positions. Economists have been struggling to explain such conduct and to guide policy-makers in designing sensible enforcement rules. In this book, authors Chiara Fumagalli, Massimo Motta, and Claudio Calcagno explore predatory pricing, rebates, exclusive dealing, tying, and vertical foreclosure, through a blend of theory and practice. They develop a general framework which builds on and extends existing economic theories, drawing upon case law, discussions of cases and other practical considerations to identify workable criteria that can guide competition authorities to assess exclusionary practices. Along with analyses of policy implications and insights applied to case studies, the book provides practitioners with non-technical discussions of the issues at hand, while guiding economics students with dedicated technical sections with rigorous formal models.

Introduction; 1. Predatory pricing; 2. Price discrimination and single-product rebates; 3. Exclusive dealing; 4. Tying, bundling and bundled rebates; 5. Vertical foreclosure.

Chiara Fumagalli is Associate Professor of Economics at Università Commerciale Luigi Bocconi, Milan. Her research covers industrial organization, competition policy and corporate finance. Her research in these areas has been published in leading international academic journals, including The American Economic Review, The Journal of Financial Economics, and The Rand Journal of Economics.
Massimo Motta is Research Professor at ICREA-Universitat Pompeu Fabra and the Barcelona Graduate School of Economics. He served as Chief Competition Economist at the European Commission (2013–2016), and has extensive experience in teaching competition policy and in advising competition agencies. His book Competition Policy: Theory and Practice (Cambridge, 2004) is the standard international reference on the economics of antitrust, and is used by teachers, scholars, and practitioners.
Claudio Calcagno holds a Ph.D. in Economics from the European University Institute and has been working as a professional economist since 2004. He has advised clients across many jurisdictions and industries, on matters including abuse of dominance, agreements, mergers, market investigations, regulatory inquiries, private litigation and state aid.