Abstract:As a typical vertical restraint agreement, the effect of resale price maintenance on consumer welfare and social welfare of the current economic theory cannot get a standard answer.Regarding the regulation of RPM, U.S uses the dichotomy of the per se rule and rule of reason. European countries have developed a new legislative institution which combines prohibition with exemption, as well as guidelines regulating the type and condition of exemption. In Chinas resale price maintenance cases, the antimonopoly enforcement authority has the difficult to determine the standard of illegality and is lack of explicit rules of evidence