Excessive Pricing

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Excessive Pricing categorizes a situation where a dominant undertaking, often a legal monopolist, is able to reap supra-competitive profits, not being sufficiently challenged by normal forces of competition. The supra-competitive profits are thought to produce deadweight losses and allocative in-efficiencies as well as harm to consumers in form of undue wealth transfer.
Original languageEnglish
Title of host publicationEncyclopedia of Law and Economics
EditorsAlain Marciano, Giovanni Battista Ramello
Place of PublicationNew York, NY
PublisherSpringer New York
Publication date2021
ISBN (Print)9781461478836
DOIs
Publication statusPublished - 2021

ID: 281990891