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Frederic M. Scherer on vertical agreements: staking out the middle ground on resale price maintenance?

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  • Geoff Meeks Elzinga

Abstract

This paper describes the influence of Frederic M. Scherer in the field of Industrial Organization. The emphasis is on Scherer?s research with regard to vertical agreements between a manufacturer and its downstream vendors, with particular focus on Scherer?s writings about resale price maintenance (RPM). Scherer?s views on RPM agreements are contrasted with the Chicago school?s liberality and the Warren Court?s stringency, showing how Scherer staked out a middle ground. The paper also assesses the influence of Scherer in moving US antitrust policy from its historic stance of treating RPM as per se illegal to its current treatment under the rule of reason.

Suggested Citation

  • Geoff Meeks Elzinga, 2014. "Frederic M. Scherer on vertical agreements: staking out the middle ground on resale price maintenance?," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2014(1), pages 105-119.
    • Handle: RePEc:fan:polipo:v:html10.3280/poli2014-001006
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    More about this item

    Keywords

    Mantenimento dei prezzi di rivendita; scuola di Chicago; free rider; giudizio Leegin;
    All these keywords.

    JEL classification:

    • L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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