Holt, Charles A.; Scheffman, David T. - In: RAND Journal of Economics 18 (1987) 2, pp. 187-197
Even if firms in a market choose discount prices noncooperatively, the use of most-favored customer and meet-or-release contracts enables those firms to adopt quantity-choice strategies. Consequently, there can be a range of list prices that are impervious to unilateral nonselective discounts,...