04793oam 22012494 450 991095502180332120251116183931.09786613827678978146233163514623316379781452739038145273903X9781283515221128351522997814519094491451909446(CKB)3360000000443695(EBL)3014508(SSID)ssj0000940069(PQKBManifestationID)11479995(PQKBTitleCode)TC0000940069(PQKBWorkID)10948458(PQKB)10270530(OCoLC)694141196(MiAaPQ)EBC3014508(IMF)WPIEE2006231(IMF)WPIEA2006231WPIEA2006231(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."9781451864915 1451864914 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 tradeSpainCompetitionimfConsumer price indexesimfDeflationimfEconometric analysisimfEconometrics & economic statisticsimfEconometricsimfFinanceimfFinance: GeneralimfFinancial marketsimfGeneral Financial Markets: General (includes Measurement and Data)imfInflationimfMacroeconomicsimfMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionimfPanel Data ModelsimfPrice indexesimfPrice LevelimfPricesimfSpatio-temporal ModelsimfSwitching Regression ModelsimfThreshold analysisimfThreshold Regression ModelsimfTruncated and Censored ModelsimfSpainimfBarriers to entry (Industrial organization)CompetitionPricesRegional disparities.Retail tradeCompetitionConsumer price indexesDeflationEconometric analysisEconometrics & economic statisticsEconometricsFinanceFinance: GeneralFinancial marketsGeneral Financial Markets: General (includes Measurement and Data)InflationMacroeconomicsMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionPanel Data ModelsPrice indexesPrice LevelPricesSpatio-temporal ModelsSwitching Regression ModelsThreshold analysisThreshold Regression ModelsTruncated and Censored ModelsHoffmaister Willy1801246International Monetary Fund.European Department.DcWaIMFBOOK9910955021803321Barriers to Retail Competition and Prices4372441UNINA