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The Effects of Retail Regulations on Prices Evidence form the Loi Galland

Author

Listed:
  • P. BISCOURP

    (Ensae)

  • X. BOUTIN

    (Insee)

  • T. VERGÉ

    (Crest/LEI-ENPC)

Abstract

In 1997, a new legislation banning below-invoice retail prices came into force in France. Individually negotiated discounts could no longer be passed on to consumers, which is equivalent to allowing industry-wide price ?oors. The anti-competitive effects of such practices are well-known. The elimination of intra-brand competition is expected to lead to a sharp increase in the retail prices. Using CPI raw data, we ?nd evidence supporting this claim. The modification or revocation of the existing legislation (as it has been done in Ireland in December 2005) would then be expected to reduce retail prices.

Suggested Citation

  • P. Biscourp & X. Boutin & T. Vergé, 2008. "The Effects of Retail Regulations on Prices Evidence form the Loi Galland," Documents de Travail de l'Insee - INSEE Working Papers g2008-02, Institut National de la Statistique et des Etudes Economiques.
    • Handle: RePEc:nse:doctra:g2008-02
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    File URL: https://www.bnsp.insee.fr/ark:/12148/bc6p06zqt12/f1.pdf
    File Function: Document de travail de la DESE numéro G2008/02
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    More about this item

    Keywords

    retail prices; pricing regulations; resale price maintenance;
    All these keywords.

    JEL classification:

    • L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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