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Fixed, Focal, Fair? Book Prices Under Optional Resale Price Maintenance

Beck, Jonathan - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2004

optionaler Preisbindung) <br> Produkte in Medienmärkten sind hochgradig differenziert, Preise sammeln sich jedoch häufig an … untersuchen, ob derartige Fokalpunkte das Ergebnis von Koordination auf der Verlagsseite sind und ob optionale Preisbindung eine … Preisbindung positiv korreliert sind, unter Kontrolle des Einflusses von Endogenität und einer Reihe von anderen Faktoren, scheint …

Persistent link: https://www.econbiz.de/10005772891

Resale Price Maintenance and Collusion

Jullien, Bruno; Rey, Patrick - C.E.P.R. Discussion Papers - 2000

The paper revisits the conventional wisdom according to which vertical restrictions on retail prices help upstream firms to collude. We analyse the scope for collusion with and without resale price maintenance (RPM) when retailers observe local shocks on demand or retail costs. In the absence of...

Persistent link: https://www.econbiz.de/10005792032

"When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information

Kastl, Jakub; Martimort, David; Piccolo, Salvatore - Centro Studi di Economia e Finanza (CSEF) - 2009

We study a specific model of competing manufacturer-retailer pairs where adverse selection and moral hazard are coupled with non-market externalities at the downstream level. In this simple framework we show that a “laissez- faire" approach towards vertical price control might harm consumers...

Persistent link: https://www.econbiz.de/10005802083

The Effects of Retail Regulations on Prices Evidence form the Loi Galland

Boutin, Xavier; BISCOURP, P.; VERGÉ, T. - Département des Études Économiques d'Ensemble (D3E), … - 2008

In 1997, a new legislation banning below-invoice retail prices came into force in France. Individually negotiated discounts could no longer be passed on to consumers, which is equivalent to allowing industry-wide price oors. The anti-competitive effects of such practices are well-known. The...

Persistent link: https://www.econbiz.de/10008539980

Resale price maintenance: Explaining the controversy, and small steps towards a more nuanced policy

Bennett, Matthew; Fletcher, Amelia; Giovannetti, Emanuele; … - Volkswirtschaftliche Fakultät, … - 2010

The paper sets out why we consider that the legal framework in the EU amplifies what are in reality relatively small differences in thinking around RPM. Primarily, this is because it asks economists, in the name of legal certainty, to draw a false dichotomy between agreements and practices which...

Persistent link: https://www.econbiz.de/10008490546

Bookshop, blockbusters and readers’ tastes: a new appraisal of the fixed book price

Perona, Mathieu - Volkswirtschaftliche Fakultät, … - 2009

This paper models the book retail market as a dual market. Consumers choose between competitively retailed, well-identified blockbusters and going to a monopoly bookshop to find the best match for their tastes. I show that uncertainty about the status on a given title (will it be a blockbuster...

Persistent link: https://www.econbiz.de/10008468140

Retailer Heterogeneity, Intra-Brand Competition and Social Welfare

Wang, Hao - In: Journal of Industry, Competition and Trade 5 (2005) 2, pp. 87-97

This paper considers a model where a manufacturer sells its product to consumers through competitive retailers who are heterogeneous in marginal distribution costs and geographic locations. We study the welfare implications of resale price maintenance (RPM), which eliminates the intra-brand...

Persistent link: https://www.econbiz.de/10005809568

Gasoline prices jump up on Mondays: An outcome of aggressive competition?

Foros, Øystein; Steen, Frode - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2009

theory (Maskin and Tirole, 1988), we demonstrate that Norwegian gasoline price cycles involve a form of coordinated behavior …

Persistent link: https://www.econbiz.de/10005419336

Minimum Resale Price Maintenance and Concentrated Markets

Vergé, Thibaud - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 54 (2008) 3, pp. 161-182

This paper reviews a recent strand of the literature on vertical restraints, that has focused on the anti-competitive effects of minimum (and fixed) resale price maintenance in settings with both inter- and intra-brand competition. In particular, we identify a set of situations with...

Persistent link: https://www.econbiz.de/10004980248

Books Are Not Different After All: Observations on the Formal Ending of the Net Book Agreement in the UK

Utton, Michael - In: International Journal of the Economics of Business 7 (2000) 1, pp. 115-126

By the begining of 1997 resale price maintenance was legally enforceable on only two groups of products in the UK, books and non-prescription medicines. The Net Book Agreement had been in existence substantially unchanged, for close on 100 years. It amounted to a horizontal agreement amongst...

Persistent link: https://www.econbiz.de/10005268652