After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...

Ausgehend von der theoretischen Darstellung des Ratchet Effect werden zunächst zwei Lösungsmechanismen - Yardstick Competitionen und Efficiency-Carryover Mechanismus - näher betrachtet. Im Anschluss wird die praktische Umsetzung von Yardstick Competition und Efficiency-Carryover Mechanismen...