TAILIEUCHUNG - Selective Distribution of Luxury Goods in the Age of e-commerce An Economic Report for CHANEL

We build a two-country general equilibrium model of exchange rates that features two roles for nontraded goods: as ¯nal consumption and as an input into the production of ¯nal tradable goods (retail services). In addition to retail services, ¯nal tradable goods require the use of local and imported intermediate traded inputs. Intermediate traded goods and nontraded goods are produced using local labor and capital services. Thus, our model has an input-output structure (as in Obstfeld, 2001), where the output of some sectors is used as an input to the production of ¯nal goods. In addition to intermediate goods, agents in the two countries also trade one riskless. | INTERNATIONAL Prepared For Salans Paris Selective Distribution of Luxury Goods in the Age of e-commerce An Economic Report for CHANEL Prepared By Dr Cristina Caffarra CRA Prof. Kai-Uwe Kuhn University of Michigan CRA International 99 Bishopsgate London EC2M 3XD Date 15 December 2008 Selective distribution in the age of e-commerce 15 December 2008 o INTERNATIONAL TABLE OF CONTENTS EXECUTIVE 1. INTRODUCTION AND STRUCTURE OF THE 2. VERTICAL RESTRAINTS ECONOMIC RATIONALE AND EMPIRICAL The Efficiency Rationale for Vertical Potential Anticompetitive Effects of Distribution Channel Empirical Evidence on Vertical 3. EFFICIENCY BENEFITS OF SELECTIVE DISTRIBUTION RESTRICTIONS IN THE SALE OF LUXURY Product Image Shopping Experience and Matching as Key Customer Contractual Restrictions on Distribution are Directly Motivated by these 4. HOW DIFFERENT IS THE INTERNET AS A DISTRIBUTION CHANNEL .18 What is Different about the internet as a Retailing T echnology .18 Efficient Solutions to the Contracting Problem for the luxury goods 5. IS RESTRICTING THE INTERNET AS A DISTRIBUTION CHANNEL ANTICOMPETITIVE 24 the Intra-brand competition Is Price Discrimination anticompetitive .27 the Efficiency benefits of the internet can be obtained Without Restricting THE CONTRACTING Choices of 6. POLICY economic Analysis strongly suggests a presumption in favour of selective distribution independent of sales the Value of Experimenting on optimal Distribution channel Page i Selective distribution in the age of e-commerce 15 December 2008 INTERNATIONAL EXECUTIVE SUMMARY 1. We have been asked by Salans counsel for CHANEL to provide an economic opinion on the justification for restrictions on internet distribution by luxury goods manufacturers operating selective .

• Marketing - Bán hàng
• Ripening
• Senescence Process
• Root Produced
• Volatile Secondary
• Metabolites
• Mediating Soil Interactions
• Ethylene on qualitative changes during ripening
• Ripening of mango
• Mango (Mangifera indica L )
• Qualitative changes
• Fruit ripening chamber
• Chemicals on the ripening physiology
• Ripening physiology of fruits
• Ripening physiology
• Shelf life of treated fruits
• Hydrogen sulphide
• Comparative analysis of ripening
• Fruit quality as affected
• Artificial ripening agents
• Proper texture
• Uniform peel colour
• BMC Plant Biology
• Fruit Ripening
• Ripening Inhibitor
• Autocatalytic ethylene
• Phase 1 ripening
• Abscisic acid
• IAA retards tomato ripening
• Tomato fruit ripening
• β xanthophylls
• Vitis vinifera
• Asynchronous ripening
• MYB genes
• Early ripening
• MicroRNA profiling analysis
• Grape berry
• Quantitative RT PCR
• Ripening and postharvest behaviour
• Plant material and growth conditions
• Fruit growth and ripening
• Fruit analysis
• Fruit growth
• Plant material
• Chitosan coating
• Low temperature storage condition
• Ripening behaviour
• Chitosan coated sapota fruits
• Quick ripening causes loosening
• Genome Biology
• DNA methylation
• RNA demethylase
• DNA demethylase SlDML2
• Colorless non ripening
• Leaf senescence
• Phytoene desaturase
• Ger anylgeranyl diphosphate
• Hot pepper
• Carotenoid biosynthesis
• Chlorophyll degradation
• Alphonso mango
• Cushioning material
• During road transportation
• Ripening behavior
• Storage of alphonso mango fruits
• RNA seq
• Ester biosynthesis
• Transcriptional regulation
• Ripening fruit
• Actinidia deliciosa
• Cold storage
• Ethylene biosynthesis
• Gene expression
• Kiwifruit ripening
• 1 Methylcyclopropene
• Protein protein interaction
• Musa acuminata
• Transcriptome analysis
• Unripe fruit tissue
• Banana identifies
• Metabolic networks
• Phenolic compounds
• Ultraviolet radiation
• Vitis vinifera L
• Grapevine berry
• Fatty acid metabolism
• Verdejo grapevine cultivar
• Chloroplastic lipoxygenase
• Hydrogen peroxide
• Oxidative stress
• Singlet oxygen
• Long non coding RNA
• Small ncRNAs
• Chinese jujube
• Ziziphus jujuba
• Non climacteric
• Transcriptome sequencing
• Color value
• Whiteness index
• Color parameters of ghee
• Ripening of cream
• Heat clarification temperature
• Flame seedless
• Fruit quality
• Time of ripening
• Fruit quality of flame seedless grape
• Pre harvest application of hydrogen cyanamide
• Plant Biology
• Sulphur compound
• Durio zibethinus L
• Highly popular fruit
• Essential nutrients