The EU allows quantity discounts but forbids discriminatory discounts. Daniel Müller and Fabian Herweg explain how consumers benefit from this law. This video was recorded at the Royal Economic Society's annual conference held in Manchester in Spring 2015.
Fabiano Schivardi, Eliana Viviano, 30 April 2011
Retail trade is regulated in all European economies. This column studies a 1998 Italian reform that delegated regulation to local authorities and therefore generated regional variation in barriers to entry. It shows that entry restrictions favour incumbent shops and reduce productivity and employment in the sector. Consumers pay for all this through higher prices.
Most Read
Vox eBooks
Events
-
19 - 19 February 2020 / Milan, Italy / SUERF and UniCredit Foundation
-
13 - 13 March 2020 / London / UK Network for Environmental Economists
-
20 - 20 March 2020 / University of Paris Nanterre / EconomiX-CNRS and the Doctoral School EOS (Université Paris Ouest - Nanterre La Défense), CeReFiM (University of Namur), LFIN (Université Catholique de Louvain-Louvain School of Management) and LEO (Université d'Orléans)
-
25 - 26 March 2020 / London, United Kingdom / Bank of England, CEPR and Imperial College
-
27 - 27 March 2020 / San Francisco / Federal Reserve Bank of San Francisco
