Full Description
Competition law regulates anti-competitive conduct by companies in order to maintain market competition. Cartel law can also cause restraints of competition and therefore, the existing regulations should be checked, revised and updated regularly. This book deals with the prohibition of Resale Price Maintenance, which is intensively discussed in Germany at the moment. It provides a new interdisciplinary approach to the topic that emphasizes the empirically observable marketing perspective, but draws conclusions from competition theory. Thus it reflects on the consumer benefits and welfare effects of RPM legalization at the same time. Since it provides new and constructive class-based suggestions for a re-design of European cartel law, this book should be valuable for researchers, practitioners and politicians.
Contents
Introduction to the current problem.- The myth that welfare is promoted by prohibiting vertical price and brand maintenance.- The risk of Resale Price Mainenance prohibition for the effectiveness of inter-brand competition.- The risk of admissible price-maintenance systems for the effectiveness of inter-brand competition.- Competition-policy implications.- Management Summary: 'The Liberation of the Value Chain from Cartel-Law Restraints'.
