On the Economics of the “Meeting Competition Defense” Under the Robinson–Patman Act
On the Economics of the “Meeting Competition Defense” Under the Robinson–Patman Act
复制标题
论罗宾逊-帕特曼法案下“会议竞争辩护”的经济学
DOI:
10.1515/bejeap-2015-0146
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发表时间:
2015
期刊:
影响因子:
--
通讯作者:
Iñaki Aguirre
中科院分区:
文献类型:
--
作者:
Iñaki Aguirre
Abstract This paper studies the welfare effects of third-degree price discrimination when competitive pressure varies across markets. In particular, we study the economic aspects of the Robinson–Patman Act associated with the “meeting competition defense.” Using equilibrium models, the main result we find is that this defense might be used successfully in cases of primary line injury precisely when it should not be used, namely when price discrimination reduces social welfare. This result obtains both when discrimination appears in the final good market and when it is used in the intermediate goods market. We also find that these results may maintain under secondary line injury.