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The Robinson–Patman Act (RPA) of 1936 (or Anti-Price Discrimination Act, Pub. L. No. 74-692, 49 Stat. 1526 (codified at 15 U.S.C. § 13)) is a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.
[7] [8] [2] Price discrimination is distinguished from product differentiation by the difference in production cost for the differently priced products involved in the latter strategy. [2] Price discrimination essentially relies on the variation in customers' willingness to pay [8] [2] [4] and in the elasticity of their demand.
In addition to the absolute pass-through that uses incremental values (i.e., $2 cost shock causing $1 increase in price yields a 50% pass-through rate), some researchers use pass-through elasticity, where the ratio is calculated based on percentage change of price and cost (for example, with elasticity of 0.5, a 2% increase in cost yields a 1% increase in price).
The bill had 62 cosponsors when the Senate version was introduced last year, and would now need at least 60 votes to pass Congress and then head to President Biden.
California’s Democratic Governor Gavin Newsom on Monday announced he is seeking up to $25 million in additional funding for legal fights with the incoming administration of U.S. President-elect ...
CROWN Act (2021) New York Malby Law (1895) [9] Ives-Quinn Act; Marriage Equality Act (2011) Dignity for All Students Act (2010) New York Human Rights Law (1945) Gender Expression Non-Discrimination Act (2019) Sexual Orientation Non-Discrimination Act (2002) CROWN Act (2019) Oregon Oregon Constitution, Article I, §46 (2014) CROWN Act (2021 ...
And he spent more than $6 billion repurchasing shares of Sears Holdings, the company he formed to run the two chains, in a failed attempt to support its plunging stock price. unknown content item ...
The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. [1] The Act required that railroad rates be "reasonable and just", but did not empower the government to fix specific rates.