Abstract
Predatory pricing is an anti-competitive technique used by predators to prevent new players from entering the market or to drive existing ones out in order to get a larger part of the market and increase their profits as a result of their dominating position. It has been questioned by economists, and several theories have emerged as to why and how predation is possible. Additional criteria and tests based on these theories have been added to the economics canon so that predation can be better assessed in the future. Several companies have been accused of charging predatory prices since the early 1900s. In light of the suggested criteria and tests, competition authorities in various nations have dealt with these charges and assessed instances. United States and European Union demonstrations were each notable in their own right. In making its rulings, the United States' competition authority may have learned more heavily on classical economic theory considerations than the European Union Commission. A detailed examination of predatory pricing theory and instances from the US, EU and Turkey is presented in this paper. Competition agencies in these nations will be compared to see how they deal with situations of exploitative pricing.
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