New Regulation on Resale Prices Could Transform Anti-monopoly Law Enforcement
The article discusses how the anti-monopoly law should consider the maintenance of resale prices. It suggests using a rule of reason approach, where the effects of maintaining resale prices are examined. If there are no negative effects, it may not be prohibited. If there are efficiency gains that outweigh the negatives, it may also be allowed. The article criticizes current practices in China and calls for a better regulatory method to be developed by combining foreign experience with local needs.