Ornstein, Stanley I; Hanssens, Dominique M - In: Journal of Industrial Economics 36 (1987) 1, pp. 1-18
Theories of resale price maintenance (RPM) differ strongly on the pro- and a nti-competitive effects on RPM. There are few tests of the welfare ga ins or losses from RPM in industry case studies. This paper tests RPM 's welfare effects in the retail sale of distilled spirits in the U.S Using...