Barriers to Retail Competition and Prices : : Evidence From Spain / / Willy Hoffmaister
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| Autore: |
Hoffmaister Willy
|
| Titolo: |
Barriers to Retail Competition and Prices : : Evidence From Spain / / Willy Hoffmaister
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (43 p.) |
| Soggetto topico: | 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 | |
| Price indexes | |
| Soggetto geografico: | 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.: | 9910788404803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/231