The Antitrust Law and Economics of Category Management
The Antitrust Law and Economics of Category Management
Klein, Benjamin and Wright, Joshua D., "The Antitrust Law and Economics of Category Management" (April 29, 2004). Abstract: Category management is a business technique by which a retailer designates a manufacturer as a product category "manager" or "captain" and gives the designated manufacturer authority concerning retail shelf space allocation, promotion, product assortment and inventory decisions. In return, the retailer receives a lower wholesale price or a per unit time payment. Increasing antitrust scrutiny has been applied to category manager arrangements, exemplified by the Sixth Circuit's recent decision in Conwood Co. v. United States Tobacco. Co. This paper analyzes the law and economics of such arrangements. Manufacturer payments for retail distribution (shelf space) are shown to be an element of the normal competitive process. Why this competition for retail distribution may also result in a shift in control over the shelf space allocation decision from the retailer to a manufacturer is then analyzed. Finally, the paper examines current antitrust policy with regard to category management. Category management is shown to be a pro-competitive aspect of retailing arrangements that benefits consumers. Go to article
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Facts on MBA
Executive Master of Business Administration (EMBA) programs were first established for senior executives by the University of Chicago in 1943 and are now offered by many school worldwide.
The UK Government announced in its April 2004 budget that persons holding an MBA degree from the world's top fifty business schools will be entitled to work in the UK for one year. After this year has elapsed, they are likely to qualify for the UK's Highly Skilled Migrant Programme. This, in effect, means that an MBA from one of the top schools is a ticket to UK residency status.
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