G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2565
DP2565 On the Fundamentals of Self-Fulfilling Speculative Attacks
Martin Eichenbaum; Sérgio Rebelo; Craig Burnside
发表日期2000-09-26
出版年2000
语种英语
摘要The paper revisits the conventional wisdom according to which vertical restrictions on retail prices help upstream firms to collude. We analyse the scope for collusion with and without resale price maintenance (RPM) when retailers observe local shocks on demand or retail costs. In the absence of RPM, retail prices react to retailers' information and deviations from collusive behaviour are thus difficult to detect. By eliminating retail price flexibility, RPM facilitates the detection of deviations but reduces profits and increases the short-run gains from a deviation. Overall, RPM can facilitate collusion and it reduces total welfare whenever firms choose to adopt it.
主题Industrial Organization
关键词Collusion Resale price maintenance Antitrust Vertical restraints
URLhttps://cepr.org/publications/dp2565
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531636
推荐引用方式
GB/T 7714
Martin Eichenbaum,Sérgio Rebelo,Craig Burnside. DP2565 On the Fundamentals of Self-Fulfilling Speculative Attacks. 2000.
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