Lots of fun stuff this month – a spirited debate on loyalty discounts started by Josh Wright, Obama weighs in on patents, the FCC gets a judicial putdown, the French continue to wear an antibusiness beret, the EU Commission and Courts are both met with skepticism, and care for a little gun jumping?
Where we differ is on the question of whether antitrust law should ever condemn a loyalty discount that the allegedly excluded rival could have met without pricing below cost.
I thought this is a good occasion to point out why more measures actively promoting competitive balance [in sports teams], not less, would be needed in Europe.
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