Facilitating Practices: The Effects of Advance Notice and Best-Price Policies
分析企业使用最惠客户和价格匹配合同如何影响定价，发现提前通知涨价能促成超竞争价格，但选择性折扣会加剧竞争。
Even if firms in a market choose discount prices noncooperatively, the use of most-favored customer and meet-or-release contracts enables those firms to adopt quantity-choice strategies. Consequently, there can be a range of list prices that are impervious to unilateral nonselective discounts, but this range does not include prices above the level determined in a Cournot equilibrium. The practice of advance public notification of list-price increases can facilitate the establishment of such supracompetitive list prices, as was argued in the recent FTC Ethyl case. The possibility of offering discounts selectively results in a much more competitive situation.