The Pros and Cons of High Prices

Could there be any pros of high prices? The question is as natural as the question we got four years ago when we published The Pros and Cons of Low Prices – could there be any cons of low prices? These are questions competition authorities get from the public from time to other. It is a somewhat hard pedagogical task to answer them. The answer to both questions is yes, there are indeed pros of high prices and cons of low prices. This volume is devoted to exploring the pros and cons of high prices