Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Monday, July 29, 2013

Consumer Choice in Retail Banking: Are Prices Really Relevant?

Posted by D. Daniel Sokol

Ornella Ricci, University of Roma Tre, Department of Business Studies and Massimo Caratelli, University of Roma Tre - Department of Business Studies ask Consumer Choice in Retail Banking: Are Prices Really Relevant?

ABSTRACT: This paper presents an analysis of the role of pricing conditions with respect to other consumer choice criteria in retail banking. Our sample includes 7,146 respondents to the 2010 Bank of Italy Survey on Household Income and Wealth. Using both a univariate analysis and a logit model, results show that interest rates and services charges have increased in importance, especially in the last years. However, they are still not taken into account as a unique driver of choice, but are generally considered together with other extrinsic attributes of the offering. Finally, customers with a higher level of financial literacy are more likely to rely on technical features such as pricing conditions.

July 29, 2013 | Permalink | Comments (0) | TrackBack (0)

Sunday, July 28, 2013

The Transformation of Vertical Restraints: Per Se Illegality, the Rule of Reason and Per Se Legality

Posted by D. Daniel Sokol

D. Daniel Sokol (University of Florida) has posted The Transformation of Vertical Restraints: Per Se Illegality, the Rule of Reason and Per Se Legality.

ABSTRACT: This essay tracks Robert Bork’s influence on the development of vertical restraints in three areas of antitrust law - maximum resale price maintenance (“RPM”), vertical territorial restrictions, and Robinson Patman. In practice, across these areas, the shift in legal rules has not been one of per se illegality to the rule of reason but a more dramatic shift from per se illegality to one of presumptive legality under the rule of reason to close to per se legality.

July 28, 2013 | Permalink | Comments (0) | TrackBack (0)