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The competition effects of industry-wide vertical price fixing in bilateral oligopoly
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Dobson, Paul and Waterson, Michael (2007) The competition effects of industry-wide vertical price fixing in bilateral oligopoly. International Journal of Industrial Organization, Vol.25 (No.5). pp. 935-962. doi:10.1016/j.ijindorg.2007.04.004 ISSN 0167-7187.
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Official URL: http://dx.doi.org/10.1016/j.ijindorg.2007.04.004
Abstract
This paper examines the competition and welfare effects of vertical price fixing through industry-wide resale price maintenance (RPM) arrangements, such as those benefiting from exemption from a general prohibition against RPM. A bilateral oligopoly framework is employed incorporating differentiation between manufacturer products and between retailer services. Transactions between the stages involve prices being determined through bargaining. We do not find RPM to be universally undesirable. However where retailer power is strong, the social effects of RPM are likely to be adverse, since the practice can assist in coordinating final price levels and prevent socially desirable countervailing power arising.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Journal or Publication Title: | International Journal of Industrial Organization | ||||
Publisher: | Elsevier Science BV | ||||
ISSN: | 0167-7187 | ||||
Official Date: | October 2007 | ||||
Dates: |
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Volume: | Vol.25 | ||||
Number: | No.5 | ||||
Number of Pages: | 28 | ||||
Page Range: | pp. 935-962 | ||||
DOI: | 10.1016/j.ijindorg.2007.04.004 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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