Exclusivity would be unenforceable and consumers would game the system. Retailers would lose control over the perceived value of their product.
You'll have to tell me how consumers would game the system. Declaring it doesn't make it so. I've thought on this idea for over three years- I could have missed something, but if I haven't seen it by now, I need someone else to point it out for me.
Retailers might lose control over the "perceived" value, but if they are making higher profits, what do they care? Bear in mind, retailers already have many ways they try to take advantage of the pricing spectrum, they're just really inefficient, by and large.