Barriers to retail competition and prices : evidence from Spain / / Alexander W. Hoffmaister

• Autore: Hoffmaister Alexander W
• Pubblicazione: [Washington D.C.], : International Monetary Fund, c2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (43 p.)
• Soggetto topico: Barriers to entry (Industrial organization) - Spain; Competition - Spain; Prices - Spain - Regional disparities; Retail trade - Spain
• Note generali: "October 2006."
• Nota di bibliografia: Includes bibliographical references (p.37-39).
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Barriers to retail competition and prices
• ISBN: 1-4623-3163-7; 1-4527-3903-X; 1-283-51522-9; 9786613827678; 1-4519-0944-6
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910816280903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/231.