The Economics of Resale Price Maintenance
Author | : Basil S. Yamey |
Publisher | : |
Total Pages | : 200 |
Release | : 1954 |
Genre | : Price maintenance |
ISBN | : |
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Author | : Basil S. Yamey |
Publisher | : |
Total Pages | : 200 |
Release | : 1954 |
Genre | : Price maintenance |
ISBN | : |
Author | : Thomas R. Overstreet |
Publisher | : |
Total Pages | : 220 |
Release | : 1984 |
Genre | : Competition, Unfair |
ISBN | : |
Author | : Kenneth G. Elzinga |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Resale price maintenance involves agreements between manufacturers and downstream distributors that set the downstream price of the product, either at a minimum price or a maximum price. Antitrust law, until recently, condemned these vertical price arrangements as illegal per se. The Supreme Court, recognizing that maximum resale prices may enhance competition and improve consumer welfare, has held that this practice is now to be assessed under the rule of reason for its actual competitive effects. Agreements on minimum prices, however, continue to be subject to the per se rule. Economic analysis reveals the conditions under which resale price maintenance can enhance consumer welfare and where it can harmconsumerwelfare. Because there are so many circumstances in which resale pricemaintenance promotes interbrand competition, the practice should be assessed in all situations under the rule of reason, the same way in which nonprice vertical contracts are analyzed.
Author | : Victor Tsao |
Publisher | : |
Total Pages | : 94 |
Release | : 1975 |
Genre | : |
ISBN | : |
Author | : Benjamin Klein |
Publisher | : |
Total Pages | : |
Release | : 1984 |
Genre | : |
ISBN | : |
Author | : J. Roland Pennock |
Publisher | : Routledge |
Total Pages | : 402 |
Release | : 2017-07-12 |
Genre | : Business & Economics |
ISBN | : 1351493477 |
Resale Price Maintenance deals with selected countries: Canada, the United States of America, Sweden, Denmark, Ireland, and the United Kingdom. The main emphasis is placed on two subjects, namely, the effects of resale price maintenance and its termination, where this has taken place, as disclosed in official and private investigations; and the development of public policy measures, including consideration of the problems encountered in their implementation. B. S. Yamey, in the volume, defines the major economic issues involved in resale price maintenance and presents a compendium of arguments that have been employed in the debate on resale price maintenance. Taken together, these country studies constitute a compendium of the arguments which have been deployed in debates on resale price maintenance; all the major issues and most of the minor ones are considered or at least mentioned in one or more of the studies in the course of the review of developments in public policy. An introductory chapter, by the editor, sets the scene with an analytical discussion of the major economic issues. This volume considers the historical development of the practice of resale price maintenance and its extent and scope when at its height. It also deals with resale price maintenance in the European Common Market. Dealing with the practice in the constituent countries and also as it is affected by the emerging Common Market policy towards restraint on competition, the volume focus on developments in public policy. Resale Price Maintenance carefully examines all major and many minor issues covers a wide range of trades and products that have been affected by resale price maintenance, and provides fruitful analyses of various empirical studies that have been made on the restraint and/or advancement of commerce.
Author | : Barbora Jedlicková |
Publisher | : Edward Elgar Publishing |
Total Pages | : 379 |
Release | : 2016-03-25 |
Genre | : Law |
ISBN | : 1783477741 |
Theoretical discussions among competition lawyers and economists on the approach to Resale resale Price price Maintenance maintenance (RPM) and Vertical vertical Territorial territorial Restrictions restrictions (VTR) have often caused controversy. However, commentators agree that there is a lack of comprehensive study surrounding the topic. This book explores these two forms of anticompetitive conduct from legal, historical, economical, and theoretical points of view, focusing on the EU and US experiences. The author expertly goes beyond the current legal practice to explain, among other things, what approach should apply to RPM and VTR, and why RPM and VTR are introduced in situations where procompetitive theories would not make economic sense, or do not apply in practice. The book takes account of economic values, such as efficiency and welfare, as well as other values, such as freedom, fairness and free competition. Scholars and students of law will find the book’s depth of legal, economic and historical analysis to be a rich contribution to the scholarship. This book will also be of use to EU and US practitioners, and enforcers dealing with RPM and VTR cases.
Author | : Basil S. Yamey |
Publisher | : |
Total Pages | : 182 |
Release | : 1951 |
Genre | : |
ISBN | : |
Author | : Joshua D. Wright |
Publisher | : |
Total Pages | : 26 |
Release | : 2014 |
Genre | : Antitrust law |
ISBN | : |
Author | : Federal Trade Federal Trade Commission |
Publisher | : CreateSpace |
Total Pages | : 34 |
Release | : 2015-06-10 |
Genre | : |
ISBN | : 9781514249314 |
Resale price maintenance (RPM) continues to be a contentious topic, both in economics and in antitrust. During the 1980s economists derived new efficiency motivations for RPM while the Supreme Court reaffirmed the per se ban on its use and Congress threatened to extend that ban. While economists have proposed a number of different efficiency explanations for RPM, such theorizing has been performed largely without the help of businesses that actually use RPM. This book seeks to find out why businesses may believe they benefit from RPM by examining which efficiency rationales were advanced by firms during a critical time for RPM in the U.S., 1915 to 1917. This study finds that the efficiency explanations for RPM generated by modem economists are not new. Indeed, all of the prominent theories are replicated in various forms. While today's theories may appear unlikely to their critics, they were certainly real enough to businessmen over 70 years ago.