04592oam 22011654 450 991081628090332120240410162832.01-4623-3163-71-4527-3903-X1-283-51522-997866138276781-4519-0944-6(CKB)3360000000443695(EBL)3014508(SSID)ssj0000940069(PQKBManifestationID)11479995(PQKBTitleCode)TC0000940069(PQKBWorkID)10948458(PQKB)10270530(OCoLC)694141196(MiAaPQ)EBC3014508(IMF)WPIEE2006231(EXLCZ)99336000000044369520020129d2006 uf 0engur|n|---|||||txtccrBarriers to Retail Competition and Prices : Evidence From Spain /Willy Hoffmaister1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (43 p.)IMF Working Papers"October 2006."1-4518-6491-4 Includes bibliographical references (p.37-39).""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""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.IMF Working Papers; Working Paper ;No. 2006/231Barriers to entry (Industrial organization)SpainCompetitionSpainPricesSpainRegional disparitiesRetail tradeSpainEconometricsimfFinance: GeneralimfInflationimfMacroeconomicsimf'Panel Data ModelsimfSpatio-temporal Models'imfMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionimfPrice LevelimfDeflationimfGeneral Financial Markets: General (includes Measurement and Data)imfTruncated and Censored ModelsimfSwitching Regression ModelsimfThreshold Regression ModelsimfFinanceimfEconometrics & economic statisticsimfCompetitionimfThreshold analysisimfConsumer price indexesimfPricesimfFinancial marketsimfEconometric analysisimfPrice indexesimfSpainimfBarriers to entry (Industrial organization)CompetitionPricesRegional disparities.Retail tradeEconometricsFinance: GeneralInflationMacroeconomics'Panel Data ModelsSpatio-temporal Models'Market Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionPrice LevelDeflationGeneral Financial Markets: General (includes Measurement and Data)Truncated and Censored ModelsSwitching Regression ModelsThreshold Regression ModelsFinanceEconometrics & economic statisticsCompetitionThreshold analysisConsumer price indexesPricesFinancial marketsEconometric analysisPrice indexesHoffmaister Willy1609990International Monetary Fund.European Dept.DcWaIMFBOOK9910816280903321Barriers to Retail Competition and Prices4122201UNINA