Dertwinkel‐Kalt, Markus; Wey, Christian - In: The Journal of Industrial Economics 72 (2023) 2, pp. 729-761
We explain why a manufacturer may impose a minimum resale price in a successive monopoly setting. Our argument relies on the retailer having noncontractible choice variables such as the price of a substitute good and/or the retailer's service effort. Our explanation for minimum resale prices is...