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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/10013464471
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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
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Manufacturer cartels and resale price maintenance
Hunold, Matthias; Muthers, Johannes - 2020
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. …
Persistent link: https://www.econbiz.de/10012438202
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Manufacturer carterls and resale price maintenance
Hunold, Matthias; Muthers, Johannes - 2020
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. …
Persistent link: https://www.econbiz.de/10012201242
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Multi-product pricing and minimum resale price maintenance
Dertwinkel-Kalt, Markus; Wey, Christian - 2021
We provide a novel explanation for why manufacturers want to enforce a minimum resale price (min RPM) on retailers. A manufacturer sells her good via a multi-product retailer to final consumers by charging a linear wholesale price. The manufacturer then maximizes her profit through min RPM...
Persistent link: https://www.econbiz.de/10013328108
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Resale price maintenance in a successive monopoly model
Dertwinkel-Kalt, Markus; Wey, Christian - 2023
We present a model to explain why a manufacturer may impose a minimum resale price (min RPM) in a successive monopoly setting. Our argument relies on the retailer having non-contractible choice variables, which could represent the price of a substitute good and/or the effort the retailer exerts...
Persistent link: https://www.econbiz.de/10013539548
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Manufacturer collusion and resale price maintenance
Hunold, Matthias; Muthers, Johannes - 2023
We provide a novel theory of harm for resale price maintenance (RPM). In a model with two manufacturers and two …
Persistent link: https://www.econbiz.de/10014394250
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A Dynamic Analysis of Resale Price Maintenance : Inefficient Brand Promotion, Higher Margins, Distorted Choices, and Retarded Retail Innovation
Grimes, Warren S. - 2015
This article responds to Professor Benjamin Klein's recently published article that describes a comprehensive procompetitive rationale for RPM - resolving the incentive incompatibility between the brand manufacturer and the retailers that sell that brand. Retailers commonly have insufficient...
Persistent link: https://www.econbiz.de/10013038633
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Leegin and Resale Price Maintenance - A Model for Emulation or for Caution for the World?
Lao, Marina - 2009
In a 5-4 antitrust decision in Leegin, the Supreme Court in 2007 overruled the nearly century-old precedent of Dr. Miles to end per se condemnation of minimum resale price maintenance (RPM) in favor of a rule of reason analysis. This decision places the United States at odds with the European...
Persistent link: https://www.econbiz.de/10013158370
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Minimum Advertised Price
Kali, Raja - 1999
This paper examines Minimum Advertised Price (MAP), a vertical restraint that is observed in manufacturer-retailer interactions. Under MAP, the manufacturer announces that it will reimburse retailers for a fraction of their advertising expenditures if retailers do not advertise the product at...
Persistent link: https://www.econbiz.de/10014207665