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 … empirically distinguishable from alternative justifications for a min RPM that rely, for instance, on retailer competition and … implemented: if the goal is to soften competition with the substitute product, it tends to harm consumers, and if the goal is to …