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Robinson-Patman Act

   Also found in: Legal, Acronyms, Wikipedia 0.01 sec.
Robinson-Patman Act, passed by the U.S. Congress in 1936 to supplement the Clayton Antitrust Act Clayton Antitrust Act, 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton.
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. The act, advanced by Congressman Wright Patman, forbade any person or firm engaged in interstate commerce to discriminate in price to different purchasers of the same commodity when the effect would be to lessen competition or to create a monopoly. Sometimes called the Anti-Chain-Store Act, this act was directed at protecting the independent retailer from chain-store competition, but it was also strongly supported by wholesalers eager to prevent large chain stores from buying directly from the manufacturers for lower prices.

Bibliography

See studies by D. J. Baum (1964) and R. Posner (1986).



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Theorem 1 establishes the desirable welfare credentials of the Robinson-Patman Act when [pi], the frequency of consumer patronage of efficient sellers, is invariant to prices.
Marketing Law and Forensic Marketing Engle (1936) is credited with the publication of one of the first marketing law articles in 1936 concerning the impact of the Robinson-Patman Act on marketing.
Chapters also cover customer and territorial restraints, trying arrangements, exclusive dealing and incentives to induce exclusive dealing, and price discrimination and the Robinson-Patman Act.
 
 
 
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