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Diane Publishing Books
Resale Price Maintenance: An Economic Study of the FTC’s Case Against the Corning Glass Works
Pauline M. Ippolito & Thomas R. Overstreet, Jr.. Describes the legal outlines of the Corning case & examines the economic effects of Corning’s use of RPM (resale price maintenance). It is of particular interest because the products involved in the case are relatively “simple” goods that do not seem to fit the most well-known of the efficiency rationales for the practice. A better understanding of the Corning case may help us to understand the economic motivation for RPM in such simple goods cases, which were quite common during the fair trade period. 20 charts & tables.
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