Vertical restraints and competition policy in the US and UK food marketing systems

Steve McCorriston and Ian Sheldon
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Steve McCorriston: University of Exeter, United Kingdom, Postal: University of Exeter, United Kingdom

Agribusiness, 1997, vol. 13, issue 2, 237-252

Abstract: A review of the vertical restraints literature shows that while it is rich in analysis of such restraints, theory is ambiguous about their private and social effects, and, hence, their regulation. Analysis presented in this article suggests that this ambiguity in the literature appears to be mirrored in the decisions on vertical restraints of the US courts and the UK competition authorities with regard to their respective food systems. In addition, there is an interesting contrast between the type of vertical relationships investigated by the US and the UK authorities, the latter covering a broader range of restraints. © 1997 John Wiley & Sons, Inc.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:13:y:1997:i:2:p:237-252

DOI: 10.1002/(SICI)1520-6297(199703/04)13:2<237::AID-AGR11>3.0.CO;2-4

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