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Resale Price Maintenance and the Service Argument (in the Book Trade)
Schulz, Norbert - 2004
The paper introduces a specification of the demand side which allows RPM to have different effects on prices and on service, which may increase or decrease due to RPM. A feature of the model which deviates from those found in the literature is due to the introduction of a class of consumers who...
Persistent link: https://www.econbiz.de/10010296530
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Resale Maintenance and the Service Argument: Efficiency Effects
Schulz, Norbert - 2005
Proponents of RPM argue that RPM helps to sustain a high level of service at the point of sale and that such a high level is efficient. This paper provides a simple model which leads to the following conclusions: 1) RPM may increase or decrease the level of service. 2) Whether the service level...
Persistent link: https://www.econbiz.de/10010296532
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Die Buchpreisbindung aus ökonomischer Sicht
Elsenbast, Wolfgang - In: Wirtschaftsdienst 80 (2000) 9, pp. 558-564
Buchmarkt zu sichern? Wie ist sie aus ökonomischer Sicht zu beurteilen? …
Persistent link: https://www.econbiz.de/10010301991
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Estimating the welfare costs of very high inflations and hyperinflations
Benati, Luca; Nicolini, Juan Pablo - 2024
We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel,...
Persistent link: https://www.econbiz.de/10014494959
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Resale Price Maintenance: Hurting Competitors, Consumers and Yourself
Hunold, Matthias; Muthers, Johannes - 2011
Improving retailers' incentives for service is a prominent efficiency defense for resale price maintenance (RPM). We investigate the incentives of symmetric manufacturers to use RPM when selling products through common retailers who provide services such as pre-sale advice. We show that the...
Persistent link: https://www.econbiz.de/10010294739
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Resale price maintenance and restrictions on dominant firm and industry-wide adoption
Foros, Øystein; Kind, Hans Jarle; Schaffer, Greg - 2007
This paper examines the use of market-share thresholds (safe harbors) in evaluating whether a given vertical practice should be challenged. Such thresholds are typically found in vertical restraints guidelines (e.g., the 2000 Guidelines for the European Commission and the 1985 Guidelines for the...
Persistent link: https://www.econbiz.de/10010264159
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How to deal with resale price maintenance: What can we learn from empirical results?
Kretschmer, Jürgen-Peter - 2011
The US Supreme Court's overruling of the pre-existing per se illegality of resale price maintenance and the recommendation of a rule of reason approach in the Leegin decision (2007), raise the question whether other jurisdictions should follow this approach and what future assessments of resale...
Persistent link: https://www.econbiz.de/10010286361
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The economics of books
Canoy, Marcel F. M.; van Ours, Jan C.; van der Ploeg, … - 2005
The tensions between books and book markets as expressions of culture and books as products in profit-making businesses … are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for … good idea to harmonise European book policies. Our analysis suggests that the book market seems quite able to invent …
Persistent link: https://www.econbiz.de/10010261147
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A Model of Vertical Oligopolistic Competition
Reisinger, Markus; Schnitzer, Monika - 2008
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10010427530
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Semi-collusion in media markets
Dewenter, Ralf; Haucap, Justus; Wenzel, Tobias - 2010
This paper explores the effects that collusion can have in newspaper markets where firms compete for advertising as well as for readership. We compare three modes of competition: i) competition in the advertising and the reader market, ii) semi-collusion over advertising (with competition in the...
Persistent link: https://www.econbiz.de/10010303798