We provide a theory of how RPM facilitate upstream cartels absent any information asymmetries using a model with manufacturer and retailer competition. Because retailers have an effective outside option to each manufacturer's contract, the manufacturers can only ensure contract acceptance by...

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...

In the early 70s, the retail landscape of the Lisbon Metropolitan Area (LMA) was mostly confined to the Lisbon downtown. However, the retail landscape is changing at a rapid pace. In the mid-80s, two focus of retail competition (Amoreiras Shopping Center and Roma Avenue) appeared out-of-city...