Dr. Kenneth G. Elzinga, the Robert C. Taylor Professor of Economics at the University of Virginia, will speak twice on Wednesday, March 4 to interested community members.
Dr. Elzinga will discuss “The Economic Logic of Vertical Price Agreements” at 7 p.m. in the McCallum Ballroom. The talk will be a blend of law, marketing, public policy and economic policy. Dr. Elzinga provided his antitrust expertise in the Leegin Creative Leather Products, Inc. v. PSKS, Inc. case that resulted in the Supreme Court rejecting a 96-year-old precedent treating minimum retail pricing schemes as illegal. On June 28, 2007, the court held that an agreement between a manufacturer and a retailer to set the price that the retailer will charge (vertical price maintenance) shouldn’t be deemed illegal per se but rather be assessed under a rule of reason because some agreements can benefit consumers by preventing retailers from charging non-competitive prices.
At 3:30 p.m. in Frazier Jelke A, Dr. Elzinga will speak to students interested in adding “novelist” to their list of accomplishments. The author of more than 70 academic publications, he has co-authored three mystery novels where the protagonist employs economic analysis to solve crime. The novels have been used in classrooms across the country (including some at Rhodes) to illustrate introductory economic principles, and have been translated into seven languages.
Dr. Elzinga’s visit to the college is hosted by Omicron Delta Epsilon honor society and the Department of Economics and Business with support from the Charles G. Koch Charitable Foundation.
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