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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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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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Does product market competition reduce inflation? Evidence from EU countries and sectors
Przybyla, Marcin; Roma, Moreno - 2005
In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …
Persistent link: https://www.econbiz.de/10011604499
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A global assessment of the degree of price stickiness – results from the NBB business survey
Dhyne, Emmanuel - 2009
find that domestic competition does not seem to explain an excess or shortage of price changes at the sectoral level …
Persistent link: https://www.econbiz.de/10011506691
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An economic analysis of the 2010 proposed settlement between the department of justice and credit card networks
Schuh, Scott; Shy, Oz; Stavins, Joanna; Triest, Robert - 2011
competition in the credit card market. However, we find that merchants are unlikely to be able to take full advantage of the …
Persistent link: https://www.econbiz.de/10010282782
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Competitive effects of resale price maintenance through inventory: Evidence from publishing industry
Kawaguchi, Kohei; Qiu, Yin Jia; Zhang, Yi - 2022
This paper examines the competitive effects of resale price maintenance (RPM) through inventory decisions under demand uncertainty. We focus on the Japanese publishing industry where RPM is allowed. We develop and estimate a model of RPM in which price and inventory are determined before demand...
Persistent link: https://www.econbiz.de/10014480494
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Europe In The Global Economy: Matching The U.S.?
Ude, Christian; Teltschik, Horst; Sinn, Hans-Werner - In: CESifo Forum 04 (2003) 2, pp. 3-7
Persistent link: https://www.econbiz.de/10011695727
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Product market competition, corporate governance and firm performance: an empirical analysis for Germany
Januszewski, Silke I.; Köke, Jens; Winter, Joachim K. - 1999
comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …
Persistent link: https://www.econbiz.de/10010297660
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Welfare-based monetary policy rules in an estimated DSGE model of the US economy
Juillard, Michel; Karam, Philippe; Laxton, Douglas; … - 2006
We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
Persistent link: https://www.econbiz.de/10011604659