We provide a theory of how RPM facilitate upstream cartels absent any information asymmetries using a model with … manufacturers if they collude. We thus provide a novel theory of harm for resale price maintenance when manufacturers collude and … illustrate the fit of this theory in various competition policy cases. …

We provide a novel theory of harm for resale price maintenance (RPM). In a model with two manufacturers and two … retailers, we show that RPM facilitates manufacturer collusion when retailers have alternatives to selling a manufacturer … manufacturers to establish higher prices. The use of renegotiation-proof RPM stabilizes collusion whereas otherwise RPM can decrease …

on average significantly lower in cartel years than in non-cartel years. …

Germany, we study a cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses …

on average significantly lower in cartel years than in non-cartel years. …