"There seems to be a general consensus among informed observers that genuine cases of predation are very rare birds."
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William J. Baumol. "Predation and the Logic of the Average Variable Cost Test." Journal of Law and Economics, Vol. XXXIX, April 1996, p. 51.
https://en.wikiquote.org/wiki/William_J._Baumol
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William J. Baumol
William Jack Baumol (February 26, 1922 - May 4, 2017) was an American economist, who was a Professor of economics at New York University and Professor Emeritus at Princeton University. He wrote extensively about labor market and other economic factors that affect the economy, and his research interests included "economic growth, entrepreneurship and innovation, industrial organization, antitrust economics and regulation, and economics of the arts" (source: stern.nyu.edu).
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