Price formation in marketing channels is of considerable interest for those involved in these channels but also for public authorities. For instance, farmers frequently protest against intermediaries, and, more specifically, against retailers. They often accuse those players of not (or...

In economics, “relativity” is the idea that it is position relative to others that motivates behavior and determines individual and therefore social wellbeing. This idea has distinguished pedigree, going back in modern times to Duesenberry’s relative income hypothesis, and even further...