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Barriers to retail competition and prices : evidence from Spain /
Why do prices in Spain's regions fail to converge? The prime suspects for this puzzling result are differences in regional barriers to entry in retail distribution. This paper develops a Cournot-Nash model of imperfect competition to illustrate the effect of barriers on prices. A unique data se...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington D.C.] :
International Monetary Fund.,
©2006.
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| Colección: | IMF working paper ;
WP/06/231. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Why do prices in Spain's regions fail to converge? The prime suspects for this puzzling result are differences in regional barriers to entry in retail distribution. This paper develops a Cournot-Nash model of imperfect competition to illustrate the effect of barriers on prices. A unique data set-derived from an extensive analysis of competition policies in Spain- provides evidence that barriers to entry increase regional prices. The evidence also suggests that, consistent with the model's predictions, barriers to entry raise prices up to a point, and thus indicate that barriers have a threshold effect on prices. |
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| Descripción Física: | 1 online resource (39 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 37-39). |
| ISBN: | 1283515229 9781283515221 9781451909449 1451909446 1462331637 9781462331635 145273903X 9781452739038 9786613827678 6613827673 |
| ISSN: | 2227-8885 ; |