economics of resale price maintenance. by Basil S. Yamey

Cover of: economics of resale price maintenance. | Basil S. Yamey

Published by Pitman in London .

Written in English

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Subjects:

  • Price maintenance.

Book details

Classifications
LC ClassificationsHF5417 .Y3
The Physical Object
Pagination182 p.
Number of Pages182
ID Numbers
Open LibraryOL6150215M
LC Control Number54001491
OCLC/WorldCa1827214

Download economics of resale price maintenance.

Resale price Maintenance RPM used to be a common practise for manufacturers to set a minimum price for retailers to sell their goods. In the UK, the use of RPM was quite common in the post-war period from clothes to books, records, clothes and electronic goods.

It ensured a minimum price of resale and avoided price competition. Additional Physical Format: Online version: Yamey, Basil S. Economics of resale price maintenance. London, Pitman [] (OCoLC) Document Type. 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 Format: Paperback.

THE ECONOMICS OF RESALE PRICE MAINTENANCE Kenneth G. Elzinga and David E. Mills* Abstract Resale Price Maintenance (RPM) 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. Chapter73 _____ THEECONOMICSOF RESALEPRICEMAINTENANCE * Resalepricemaintenanceinvolvesagreementsbetweenmanufacturersanddownstream. The Economics of Resale Price Maintenance ISSUES IN COMPETITION LAW AND POLICY (3-Volume Set), Kenneth G.

Elzinga & David E. Mills, eds., ABA Section of Antitrust Law, 22 Pages Posted: 23 Aug Last revised: 5 Jan Cited by: Resale price maintenance: An example of vertical market coordination (Publications / of the Graduate Economics Seminar of Syracuse University) Unknown Binding – January 1, by Michael Kamerman (Author) See all formats and editions Hide other formats and editions.

Price New from Used from Unknown Binding, Author: Michael Kamerman. Resale price maintenance (RPM) or, occasionally, retail price maintenance is the practice whereby a manufacturer and its distributors agree that the distributors will sell the manufacturer's product at certain prices (resale price maintenance), at or above a price floor (minimum resale price maintenance) or at or below a price ceiling (maximum resale price maintenance).

Price maintenance, also called resale price maintenance, measures taken by manufacturers or distributors to control the resale prices of their products charged by practice is more effective in retail sales than at other levels of marketing. Only a few types of goods have come under such controls, the leading examples being drugs and pharmaceuticals, books.

When the U.S. Supreme Court overturned its century-old precedent that treated resale price maintenance (RPM) as a per se violation of the antitrust laws, it signaled approval for the vertical restraint’s widespread use.

But the increased use of RPM occurred under a pre-existing rule that permitted RPM as long as no formal agreement over price was by: 1.

Resale Price Maintenance The OECD Competition Committee debated the use of resale price maintenance for publications and cultural products in February This document includes an executive summary, an analytical note by Mr.

Gary Hewitt of economics of resale price maintenance. book OECD and written submissions from. Journal of Institutional and Theoretical Economics (JITE) (), Zeitschrift für die gesamte Staatswissenschaft The Elasticity of Demand for Books, Resale Price Maintenance and the Lerner Index by George Bittlingmayer* Economics of resale price maintenance.

book The cost conditions of publishing correspond to those of natural monopoly. Fixed book price (FBP) is a form of resale price maintenance applied to allows publishers to determine the price of a book at which it is to be sold to the public.

FBP can take the form of a law, mandatory to oblige by all retailers, or an agreement between publishers and example of a fixed book price law is French Lang Law, and the former Net Book Agreement in.

Book Prices in the UK Since the End of Resale Price Maintenance Article (PDF Available) in International Journal of the Economics of Business 15(3). Resale Price Maintenance for Books in Germany and the European Union: A Legal and Economic Analysis Traditionally, in the German language area, the resale or end-sale price charged for new books in bookstores to the end customer has been a fixed or list price, observance of the list being enforced by the German Book Traders Association.

"The Law and Economics of Resale Price Maintenance," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 13(1), pagesApril. François Ecalle, " Une évaluation de la loi du 10 août relative au prix du livre," Économie et Prévision, Programme National Persée, vol.

86(5), pages resale price maintenance (rpm) a business practice whereby a supplier stipulates the PRICE at which his product is to be sold by retailers. By establishing a uniform retail price (that is, by preventing price cutting) the supplier may aim to ensure that his product is available through most retail outlets, as well as preserving the price-quality image of the product.

Show Less From Economic to Legal Competition New Perspectives on Law and Institutions in Europe. New Horizons in Law and Economics series Edited by Alain Marciano and Jean-Michel JosselinCited by: 6. 26 Patrick Rey and Thibaud Verge, ‘Resale Price Maintenance and Interlocking Relationships’ () 58 J Indust Econ ; Greg Shaffer, ‘Slotting Allowances and Resale Price Maintenance: A Comparison of Facilitating Practices’ () 22 Rand J E con Cited by: 1.

Downloadable. Traditionally, in the German language area, the resale or end-sale price charged for new books in bookstores to the end customer has been a fixed or list price, observance of the list being enforced by the German Book Traders'''' Association (BÃrsenverein des deutschen Buchhandels).

The association operates a complex system of rules governing book fairs. engage in resale price maintenance at high retail prices as part of a collusive upstream agreement that prevents them from engaging in secret wholesale price cuts.

However, we do not nd any indication that wholesale prices went up, even though publishers’ coordinated move towards the agency model raised retail prices. In this analysis we present some results for book demand (schoolbooks are excluded) in Norway, obtained by means of a three-goods model (books, other cultural goods and non-cultural goods) and survey data for more than households from the period – Various methods of estimation are used, and they provide, surprisingly unambiguous results.

Cited by: Get this from a library. Resale price maintenance: economic theories and empirical evidence. [Thomas R Overstreet; United States.

Federal Trade Commission. Bureau of Economics.]. Book Prices in the UK Since the End of Resale Price Maintenance. International Journal of the Economics of Business: Vol.

15, No. 3, pp. Cited by: 8. The economic effects of resale price maintenance (RPM) in supply chains are a subject of controversy from a regulatory economics viewpoint in many advanced economies.

Recently, for example, while the Swiss Competition Commission has prohibited an RPM arrangement for Swiss book sales, it is remarkable that the German government has decided that Cited by: 9.

price restraints if the manufacturer believes it needs access to the retailer’s distribution network.”7 “A manufacturer with market power might use resale price maintenance to give retailers an incentive not to sell the products of smaller rivals or new entrants.”8 In both of these examples, the dominant (or at least veryFile Size: KB.

Resale Price Maintenance Workshop Participant Biographies JOHN ASKER John Asker is an Assistant Professor of Economics at the Stern Business School at New York University. Professor Asker’s research covers topics related to cartel behavior, vertical restraints, procurement design, and the effects of industry subsidies.

Resale Price Maintenance: a manufactuere imposes lower limits on price retailers can charge and it appears to reduce competition at the retail level. This prevents discount retailers from free-riding on services provided by full-service retailers. Bio. Professor Miklós-Thal holds a PhD in economics from the Toulouse School of Economics, France.

Prior to joining the Simon School inshe was an assistant professor of economics at the University of Mannheim, Germany, and a visiting scholar at.

Antitrust Law and Economics of Product Distribution, Second Edition Antitrust Law and Economics of Product Distribution, Second Edition This second edition has is the definitive and user-friendly reference book for those who want to understand the key concepts and case law in product distribution in both the US and the EU.

resale price maintenance: a system in which the price for an item is fixed by the manufacturer, and the retailer is not allowed to sell it at a lower price. It is found that while the economic analysis of resale price maintenance may not lead to unambiguous conclusions regarding consumer welfare, the judicial history is quite clear.

Law and Economics of Vertical Integration and Control focuses on the processes, methodologies, and approaches involved in the law and economics of vertical. Specifically, a resale price maintenance agreement violates Section 1 of the Sherman Act, 15 U.S.C.

§ 1. Resale price maintenance can be defined broadly as any practice used by a seller to induce a purchaser to set a higher resale price than it Cited by: 2. The examination encompasses every aspect of cross-border resale price maintenance for books, including, therefore, the issues raised by the Honourable Member, namely preferential pricing by book clubs, the inclusion of best-sellers in the resale price maintenance arrangements, and the cultural arguments (specific nature of the book market in.

However, resale price maintenance can also be achieved through indirect means: for example by fixing the distribution margin or the maximum level of discount the distributor may grant from a prescribed price level, by making the supplier’s rebates or his reimbursement of promotional costs subject to the observance of a given price level, by.

2 In some economic treatments, resale price maintenance is defined as a fixed price set by the manufacturer (e.g., Rey and Tirole ()), rather than either a price ceiling or a price floor. Resale price maintenance could assist the cartel in identifying price-cutting manufacturers who benefit from the lower prices they offer” • Enforcement for Retailer Cartel –“A group of retailers might collude to fix prices to consumers and then compel a manufacturer to aid the unlawful arrangement with resale price maintenance”File Size: 1MB.

Manufacturers use resale price maintenance even when there is no free-riding as a way to compensate retailers efficiently for promotional services (such as stocking, shelf space, and point-of-sale selling efforts) that induce incremental manufacturer sales.

Retailers must be separately compensated by manufacturers for supplying these promotional services when the services Cited by: 1. This chapter describes the law of resale price maintenance and vertical territorial restraints in the European Union and its development since the beginning of European Economic Community.

It discusses it in connection with different factors that have influenced European Union Competition Law while analyzing and summarizing significant and selected European Author: Barbora Jedlicková.

2 In some economic treatments, resale price maintenance is defined as a fixed price set by the manufacturer (e.g., Rey and Tiróle ()), rather than either a price ceiling or a price floor.

Still more general are contracts, observed in the markets for gasoline and beer (U.S.) for example. Author: Jarod Bona In an earlier blog post, we discussed Leegin and the controversial issue of resale-price maintenance agreements under the federal antitrust ’ve also written about these agreements you might recall, in Leegin Creative Leather Products, Inc.

v. PSKS, Inc. (Kay’s Closet), the US Supreme Court reversed a nearly year-old precedent and held .Resale price maintenance wins a reprieve: Leegin v. PSKS () / Kenneth G. Elzinga, David E. Mills; Unfit to be tied: an analysis of Trident v. Independent Ink () / Barry Nalebuff; Exclusive dealing and antitrust exclusion: U.S.

v. Dentsply () / Mchael L. Katz; Network issues. Resale price Maintenance RPM used to be a common practise for manufacturers to set a minimum price for retailers to sell their goods.

In the UK, the use of RPM was quite common in the post-war period from clothes to books, records, clothes and electronic goods.

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