| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11579 |
| DP11579 Vertical Information Restraints: Pro- and Anti-Competitive Impacts of Minimum Advertised Price Restrictions | |
| Heski Bar-Isaac; John Asker | |
| 发表日期 | 2016-10-19 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We consider vertical contracts where the retail market may involve search frictions. Minimum advertised price restrictions (MAP) act as a restraint on customers’ information and so can increase search frictions in the retail sector. Such restraints, thereby, soften retail competition—an impact also generated by resale price maintenance (RPM). However, by accommodating (consumer or retailer) heterogeneity, MAP can allow for higher manufacturer profits than RPM. We show that they can do so through facilitating price discrimination among consumers; encouraging service provision; and facilitating manufacturer collusion. Thus, welfare effects may be positive or negative compared to RPM or to the absence of such restrictions. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp11579 |
| 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/540393 |
| 推荐引用方式 GB/T 7714 | Heski Bar-Isaac,John Asker. DP11579 Vertical Information Restraints: Pro- and Anti-Competitive Impacts of Minimum Advertised Price Restrictions. 2016. |
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