The question of u0093whereu0094 to regulate sales is of course connected to the further and more ample issue of u0093howu0094 to regulate. In its latest Green Paper, the Commission in fact asks both kinds of questions as regards, in particular, the contract of sale. Though this paper is aimed at...

We investigate the incentives of manufacturers to use resale price maintenance (RPM) when selling products through common retailers. In our model retailers provide product specific pre-sales services. If the competitive retail margins are low, each manufacturer fixes a minimum price to induce...

The relationships among geographical mobility, unemployment and the value of owner-occupied housing are studied in an economy with heterogeneous locations and search frictions in the markets for both labour and houses. Differences in labour market conditions between cities affect the speed with...