In this memo, Matthew Bennett discusses the recent interest by competition authorities in vertical communications between manufacturers and retailers, and explains the dangers of conflating Recommended Retail Prices, which are relatively common and pro-competitive, with Retail Price Maintenance, which is treated as a hard-core competition law infringement in Europe.
Occupational dualism and intergenerational educational mobility in the rural economy: evidence from China and India
Yajing Jiang and her coauthors study the intergenerational educational mobility in developing economies. Using data sets that are free from the well-known...