The Competitive Effects of Resale Price Maintenance
检验转售价格维持（RPM）的多种理论，发现RPM既用于促进卡特尔也用于提升分销效率，质疑其当前本身违法地位。
The competitive effects of resale price maintenance (RPM) are theoretically diverse .RPM can cause allocation distortions or promote pr oductive efficiencies in the distribution pr ocess.Mor eover , extant cr oss-sectional empirical evidence is incapable of distinguishing among the potentially disparate effects of RPM.This paper conducts hypothesis tests of the alternative theories of RPM .The empirical framework relates estimates of the effects of RPM for a cr oss-section of observations to necessary conditions of the alternative models.This analysis indicates that RPM is used both to foster cartels and promote efficiencies in the distribution process.This result is consistent with the growing body of case study anal ysis that suggests that RPM is used for a vari ety of reasons .This resul t also questions the current .12..fil'.se illegal status of RPM in the antitrust laws.Evidence is also provided concerning the strategic interaction between manufacturers and dealers in the distribution process and the use of financial data in analyzing propositions in industrial organi zation.