Tip 1 . Look at the title. If the subject matter seems to be far removed, it is safe to ignore. Since we are not interested in first-price auctions, we will eliminate this one from consideration. Tip 2 .
Some papers are clearly theoretical in nature and some are empirical.
Our stated interest was empirical studies of predatory pricing. You will have to go to that new page from your Search Result page by making the appropriate choice with your browser. This paper investigates whether predatory price cutting reduces a trust' s cost of acquiring its competitors. A variant of the Litzenberger-Rao valuation model is estimated with the expenditures for 43 rival firms purchased by the old American Tobacco Company between 1891 and 1906. The coefficient estimates indicate that, ceteris paribus, alleged predation significantly lowered the acquisition costs of the tobacco trust both for asserted victims and, through reputation effects, for competitors that sold out peacefully.