I struggle for an example of that actually working. If it does it must be exceedingly rare. I can think of lots of example of having 25% of the market and then getting closer to the majority by cutting prices, but the part where they jack them back up usually doesn't work. For instance, Rockefeller did that to put his competition out of business, but then the price of Kerosene just kept going down.
The times where it actually worked (railroad) was because the people doing it convinced the government afterwards to "protect the market" (interstate commerce act) and created a violence enforced cartel that prohibited by law rebates and other methods by which cartels (and pre-ICA railroad cartels) commonly fall apart.
The times where it actually worked (railroad) was because the people doing it convinced the government afterwards to "protect the market" (interstate commerce act) and created a violence enforced cartel that prohibited by law rebates and other methods by which cartels (and pre-ICA railroad cartels) commonly fall apart.