LEADER 04592oam 22011654 450 001 9910816280903321 005 20240410162832.0 010 $a1-4623-3163-7 010 $a1-4527-3903-X 010 $a1-283-51522-9 010 $a9786613827678 010 $a1-4519-0944-6 035 $a(CKB)3360000000443695 035 $a(EBL)3014508 035 $a(SSID)ssj0000940069 035 $a(PQKBManifestationID)11479995 035 $a(PQKBTitleCode)TC0000940069 035 $a(PQKBWorkID)10948458 035 $a(PQKB)10270530 035 $a(OCoLC)694141196 035 $a(MiAaPQ)EBC3014508 035 $a(IMF)WPIEE2006231 035 $a(EXLCZ)993360000000443695 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBarriers to Retail Competition and Prices : $eEvidence From Spain /$fWilly Hoffmaister 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (43 p.) 225 1 $aIMF Working Papers 300 $a"October 2006." 311 $a1-4518-6491-4 320 $aIncludes bibliographical references (p.37-39). 327 $a""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"" 330 3 $aWhy do prices in Spain's regions fail to converge? The prime suspects for this puzzling result are differences in regional barriers to entry in retail distribution. This paper develops a Cournot-Nash model of imperfect competition to illustrate the effect of barriers on prices. A unique data set-derived from an extensive analysis of competition policies in Spain- provides evidence that barriers to entry increase regional prices. The evidence also suggests that, consistent with the model's predictions, barriers to entry raise prices up to a point, and thus indicate that barriers have a threshold effect on prices. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/231 606 $aBarriers to entry (Industrial organization)$zSpain 606 $aCompetition$zSpain 606 $aPrices$zSpain$xRegional disparities 606 $aRetail trade$zSpain 606 $aEconometrics$2imf 606 $aFinance: General$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $a'Panel Data Models$2imf 606 $aSpatio-temporal Models'$2imf 606 $aMarket Structure and Pricing: Oligopoly and Other Forms of Market Imperfection$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aTruncated and Censored Models$2imf 606 $aSwitching Regression Models$2imf 606 $aThreshold Regression Models$2imf 606 $aFinance$2imf 606 $aEconometrics & economic statistics$2imf 606 $aCompetition$2imf 606 $aThreshold analysis$2imf 606 $aConsumer price indexes$2imf 606 $aPrices$2imf 606 $aFinancial markets$2imf 606 $aEconometric analysis$2imf 606 $aPrice indexes$2imf 607 $aSpain$2imf 615 0$aBarriers to entry (Industrial organization) 615 0$aCompetition 615 0$aPrices$xRegional disparities. 615 0$aRetail trade 615 7$aEconometrics 615 7$aFinance: General 615 7$aInflation 615 7$aMacroeconomics 615 7$a'Panel Data Models 615 7$aSpatio-temporal Models' 615 7$aMarket Structure and Pricing: Oligopoly and Other Forms of Market Imperfection 615 7$aPrice Level 615 7$aDeflation 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aTruncated and Censored Models 615 7$aSwitching Regression Models 615 7$aThreshold Regression Models 615 7$aFinance 615 7$aEconometrics & economic statistics 615 7$aCompetition 615 7$aThreshold analysis 615 7$aConsumer price indexes 615 7$aPrices 615 7$aFinancial markets 615 7$aEconometric analysis 615 7$aPrice indexes 700 $aHoffmaister$b Willy$01609990 712 02$aInternational Monetary Fund.$bEuropean Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910816280903321 996 $aBarriers to Retail Competition and Prices$94122201 997 $aUNINA