Predation by the Dominant Buyer

Just as a monopolist may eliminate its rivals through predatory pricing, a monopsonist may eliminate rivals through predatory buying. This, in fact, is what the Ross-Simmons Hardwood Lumber Company accused Weyerhaeuser of doing. This article uses the resulting antitrust case as a platform for defining the twin concepts of overbuying and overbidding, which satisfy the first prong of the modified Brooke Group test for predation. We then examine the feasibility of recoupment, which is the second pr