The lawmakers who passed Robinson-Patman knew what they were doing. They were aware of what contemporary economists call "the #WaterbedEffect," where wholesalers cover the losses from their massive discounts to major retailers by hiking prices on smaller stores, making them even less competitive and driving more market consolidation.

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#waterbedeffect #de9straatjes https://www.parool.nl/amsterdam/buurtorganisaties-hebben-geen-vertrouwen-in-drukteplannen-handhaving-ontbreekt-nu-al~badb84e2/