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- Title
RESALE PRICE MAINTENANCE IN GREAT BRITAIN.
- Authors
Grether, E. T.
- Abstract
The article focuses on resale price maintenance in Great Britain. Developments in Great Britain are peculiarly significant because the evolving legal base of price maintenance has become broader than any of the demands of the proponents in the U.S. In Great Britain the broad freedom and enforceability of contracts has been zealously maintained. A manufacturer and dealer may agree to price stipulations in a contract of sale and any violation of terms gives a right of action. Of the existing resale price associations in Great Britain the most important historically is the Proprietary Articles Trade Association in the drug and chemical business. The most trying problems of price maintenance arise out of the relations between the manufacturers and third parties who have not purchased directly from the manufacturers or through their authorized wholesale dealers. The large sale of the items outside the regular channels not only complicates the trade mechanism but introduces a serious pricing problem, for it is only the specialists who rely basically upon the line for their profits and who must insist upon a proper margin.
- Subjects
UNITED Kingdom; PRICE maintenance; RESALE; CONSIGNMENT sales; RESTRAINT of trade; PRICE flexibility
- Publication
Quarterly Journal of Economics, 1934, Vol 48, Issue 4, p620
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1883544