Book Prices in the UK Since the End of Resale Price Maintenance
After the Net Book Agreement was abandoned in 1995 and struck down by the Restrictive Practices Court in 1997, retail book prices were widely expected to fall. Despite deeper and wider retail discounts, official indices show that book prices have subsequently risen more than general inflation. This apparent anomaly may be explained by an argument accepted at the 1962 Restrictive Practices Court hearing: that price competition would lead to concentration and greater buying power in bookselling and to bigger trade discounts from publishers, who would seek to maintain profits by raising list prices. Discounts by retailers would fail to compensate. Evidence provides some support for this explanation. While more research is required to confirm this analysis, it is relevant wherever there is debate about retention of resale price maintenance for books. It also supports the argument for case by case consideration of resale price maintenance, rather than condemnation on principle
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 15 (2008)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CIJB20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CIJB20|
When requesting a correction, please mention this item's handle: RePEc:taf:ijecbs:v:15:y:2008:i:3:p:359-377. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.