Resale Price Maintenance: An Empirical Analysis of UK Firms’ Compliance
基于2007-2009年英国公平贸易办公室的投诉数据,描述涉及转售价格维持的上下游企业及商品特征,并通过计量分析评估企业遵从监管要求撤回该行为的概率受哪些经济因素影响。
Empirical evidence on Resale Price Maintenance (RPM) is scarce. This paper contributes to the RPM debate by providing novel empirical evidence based on a unique database of RPM complaints, lodged in the UK to the Office of Fair Trading (OFT) between 2007 and 2009. The aim of the paper is twofold. We first provide a description of the upstream and downstream firms involved in the complaints as well as of the characteristics of the commodity being traded and of the relevant industry. We then present an econometric analysis to assess how the probability of compliance to the OFT request to withdraw the RPM can be affected by specific features of the relevant economic context in which this restraint has taken place.