Antitrust Reform: Predatory Practices and the Competitive Process [PDF], Review of Austrian Economics, 1989 "Predatory behavior cannot be logically distinguished from benign competitive behavior either by intent or by any price-cost rules. Price reductions, selective or otherwise, and various nonprice rivalrous strategies (such as advertising and innovation) are all part and parcel of a competitive market process."
The Anatomy of Antitrust: An Interview With Dominick T. Armentano, The Austrian Economics Newsletter, 1998 "... we will never get rid of antitrust [laws] until we get rid of the incorrect theories of monopoly and competition that drive the antitrust establishment. What we've got out there are bad theories of competition and terrible theories of monopoly power. So long as these wrong theories are out there, we will have the wrong policy."
