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Record Nr. |
UNINA9910788404803321 |
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Autore |
Hoffmaister Willy |
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Titolo |
Barriers to Retail Competition and Prices : : Evidence From Spain / / Willy Hoffmaister |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-3163-7 |
1-4527-3903-X |
1-283-51522-9 |
9786613827678 |
1-4519-0944-6 |
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Descrizione fisica |
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1 online resource (43 p.) |
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Collana |
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Soggetti |
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Barriers to entry (Industrial organization) - Spain |
Competition - Spain |
Prices - Spain - Regional disparities |
Retail trade - Spain |
Econometrics |
Finance: General |
Inflation |
Macroeconomics |
'Panel Data Models |
Spatio-temporal Models' |
Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection |
Price Level |
Deflation |
General Financial Markets: General (includes Measurement and Data) |
Truncated and Censored Models |
Switching Regression Models |
Threshold Regression Models |
Finance |
Econometrics & economic statistics |
Competition |
Threshold analysis |
Consumer price indexes |
Prices |
Financial markets |
Econometric analysis |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references (p.37-39). |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. REGIONAL BARRIERS TO RETAIL COMPETITION IN SPAIN""; ""III. A COURNOT-NASH MODEL WITH BARRIERS TO ENTRY""; ""IV. EMPIRICAL EVIDENCE""; ""V. CONCLUSION"" |
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Sommario/riassunto |
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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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