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Resale Price Maintenance
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 stu...
Resale Price Maintenance and the Law
The question of how to properly enforce against RPM has been a contentious debate for decades on both sides of the Atlantic. The catalyst is the acceptance that RPM can generate both anti-competitive effects and pro-competitive efficiencies that need to be properly balanced to ensure against Type I/Type II errors and to create viable legislation. Part I focuses on 100 years of US origins and the current legal approach to VR enforcement, which reveals the precedent responsible for the transition between per se illegality and the rule of reason thresholds at the federal level. Nine anti-competitive and 19 pro-competitive theoretical models are also introduced to clearly demonstrate the true no...
Resale Price Maintenance and the Singapore Vertical Exclusion
Resale price maintenance ("RPM") has traditionally been frowned upon by competition authorities, for the reason that it directly impedes price competition, and over concerns that it may also facilitate collusion. However, there has been a gradual shift in the attitude taken towards RPM in the US and EU. Depending on the circumstances surrounding the imposition of RPM, there is the possibility for it to also bring about beneficial (in addition to adverse) effects on competition. Competition authorities have recognised this and, as a result, have moved away from imposing an outright prohibition against RPM. In particular, one jurisdiction that has taken a significant step in that direction is Singapore, where RPM (absent significant market power) benefits from an outright exclusion from the prohibition against anti-competitive agreements under the Competition Act. We will now review the arguments raised for and against the imposition of RPM, before assessing the justifications for the outright exclusion that RPM enjoys in Singapore. Thereafter, we will proceed to consider the continued validity of this exclusion.
Research Handbook on the Economics of Antitrust Law
One might mistakenly think that the long tradition of economic analysis in antitrust law would mean there is little new to say. Yet the field is surprisingly dynamic and changing. The specially commissioned chapters in this landmark volume offer a rigorous analysis of the field's most current and contentious issues. Focusing on those areas of antitrust economics that are most in flux, leading scholars discuss topics such as: mergers that create unilateral effects or eliminate potential competition; whether market definition is necessary; tying, bundled discounts, and loyalty discounts; a new theory of predatory pricing; assessing vertical price-fixing after Leegin; proving horizontal agreements after Twombly; modern analysis of monopsony power; the economics of antitrust enforcement; international antitrust issues; antitrust in regulated industries; the antitrust-patent intersection; and modern methods for measuring antitrust damages. Students and scholars of law and economics, law practitioners, regulators, and economists with an interest in industrial organization and consulting will find this seminal Handbook an essential and informative resource.
