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Predatory Pricing in Transport Sector: Case Study of the STUDENT AGENCY, s.r.o.
Dobiáš, Adam ; Vacek, Pavel (advisor) ; Vaško, Dan (referee)
Predatory Pricing in Transport Sector: Case Study of the STUDENT AGENCY, s.r.o. Abstract This paper deals with predatory pricing in transport sector. A situation when one company sells its product at a very low price, intending to illegally drive competitors out of the market. Aim of this paper is to discuss mentioned issues in transport sector and to explain methods of solving predatory cases according to the newest guidelines of the European Commission, national competition au- thorities and national courts. Market delineation, dominance determination and predation cost analysis is discussed. Not only theoretical aspect of predatory behaviour and its impact on competition but also a detection of predatory pri- cing by authorities is discussed. Special attention to the specifics of transport sector is given. The core of this paper is an analysis of STUDENT AGENCY, s.r.o. case from year 2008, when mentioned company was accused of predatory pricing on their bus line Praha-Brno. Keywords predatory pricing, antitrust, competition, re- levant market, dominance, transportation, SS- NIP test, Reverse Cellophane Fallacy, Office for the Protection of Competition, STUDENT AGENCY, s.r.o.
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Predatory Behaviour in Transportation Sector - "Czech Railways v. Leo Express" case
Slámová, Iva ; Vacek, Pavel (advisor) ; Schwarz, Jiří (referee)
It is important to control whether dominant companies in particular market sectors follow laws and rules and do not abuse their dominance at the expense of weaker companies. This behaviour is likely to damage current or avoid the entry of new competitors, shrink the competition and set the environment for price changes the consumer is exposed to. The thesis clarifies the theoretical aspect of this issue and tries to apply it on the real case from the railway transport sector in order to describe the procedure of defining relevant market and market share and investigating the abusive behaviour. A questionnaire survey among railway passeners is an integral part of the thesis. JEL Classification D21, D22, K21, L11, L12, L40 Keywords Predatory prices, relevant market, SSNIP test, railway transport, Czech Railways Author's e-mail Iva-Slamova@seznam.cz Supervisor's e-mail vacek@fsv.cuni.cz
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Convergence and Divergence of Antitrust in EU and USA after the year 2000
Opat, Daniel ; Šmejkal, Václav (advisor) ; Svobodová, Magdaléna (referee)
81 Summary This thesis focuses on predatory pricing in competition law of European Union and United states of America. The main goal of the thesis is to analyze the development of predatory pricing on the both sides of Atlantic and to show where the approach to predatory pricing is similar and where was used different perspective. The thesis is divided to three chapters. First part of first chapter describes predatory pricing in general. It supplies a complete view on basic elements of predatory pricing that were and some still are used to identify them. Second part of first chapter brings overview of the most important tests of costs and basic economic terminology, that is important for price tests. Last part introduces most important schools of competition law, that had the biggest impact on forming of approaches to predatory pricing. Second chapter deals with main milestones of development of predatory pricing in the United States. It brings chronological overview of laws and decisions of the U.S. Supreme Court, and analyses their importance for next judicial practice. End of this chapter summarizes development of predatory pricing in the USA on basis of foregoing findings. Third chapter similarly describes historically younger, but equally dynamic development of predatory pricing in European Union. At...
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Predatory Behaviour in Transportation Sector - "Czech Railways v. Leo Express" case
Slámová, Iva ; Vacek, Pavel (advisor) ; Schwarz, Jiří (referee)
It is important to control whether dominant companies in particular market sectors follow laws and rules and do not abuse their dominance at the expense of weaker companies. This behaviour is likely to damage current or avoid the entry of new competitors, shrink the competition and set the environment for price changes the consumer is exposed to. The thesis clarifies the theoretical aspect of this issue and tries to apply it on the real case from the railway transport sector in order to describe the procedure of defining relevant market and market share and investigating the abusive behaviour. A questionnaire survey among railway passeners is an integral part of the thesis. JEL Classification D21, D22, K21, L11, L12, L40 Keywords Predatory prices, relevant market, SSNIP test, railway transport, Czech Railways Author's e-mail Iva-Slamova@seznam.cz Supervisor's e-mail vacek@fsv.cuni.cz
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Convergence and Divergence of Antitrust in EU and USA after the year 2000
Opat, Daniel ; Šmejkal, Václav (advisor) ; Svobodová, Magdaléna (referee)
81 Summary This thesis focuses on predatory pricing in competition law of European Union and United states of America. The main goal of the thesis is to analyze the development of predatory pricing on the both sides of Atlantic and to show where the approach to predatory pricing is similar and where was used different perspective. The thesis is divided to three chapters. First part of first chapter describes predatory pricing in general. It supplies a complete view on basic elements of predatory pricing that were and some still are used to identify them. Second part of first chapter brings overview of the most important tests of costs and basic economic terminology, that is important for price tests. Last part introduces most important schools of competition law, that had the biggest impact on forming of approaches to predatory pricing. Second chapter deals with main milestones of development of predatory pricing in the United States. It brings chronological overview of laws and decisions of the U.S. Supreme Court, and analyses their importance for next judicial practice. End of this chapter summarizes development of predatory pricing in the USA on basis of foregoing findings. Third chapter similarly describes historically younger, but equally dynamic development of predatory pricing in European Union. At...
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Predatory Pricing in Transport Sector: Case Study of the STUDENT AGENCY, s.r.o.
Dobiáš, Adam ; Vacek, Pavel (advisor) ; Vaško, Dan (referee)
Predatory Pricing in Transport Sector: Case Study of the STUDENT AGENCY, s.r.o. Abstract This paper deals with predatory pricing in transport sector. A situation when one company sells its product at a very low price, intending to illegally drive competitors out of the market. Aim of this paper is to discuss mentioned issues in transport sector and to explain methods of solving predatory cases according to the newest guidelines of the European Commission, national competition au- thorities and national courts. Market delineation, dominance determination and predation cost analysis is discussed. Not only theoretical aspect of predatory behaviour and its impact on competition but also a detection of predatory pri- cing by authorities is discussed. Special attention to the specifics of transport sector is given. The core of this paper is an analysis of STUDENT AGENCY, s.r.o. case from year 2008, when mentioned company was accused of predatory pricing on their bus line Praha-Brno. Keywords predatory pricing, antitrust, competition, re- levant market, dominance, transportation, SS- NIP test, Reverse Cellophane Fallacy, Office for the Protection of Competition, STUDENT AGENCY, s.r.o.
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