Barriers to retail competition and prices
evidence from Spain
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Author
Contributions
- International Monetary Fund. European Dept. - Contributor
Publication
2006 - International Monetary Fund, European Dept., Washington D.C., District of Columbia
Language
English
Word Count
9,750 words, Guess
Page Count
39 pages
Identifiers
- Better World Books9781451864915
- Better World Books9781451909449
- Better World Books9781452739038
- Open LibraryOL19374360M
Classifications
- LCCHD41
Description
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.
Subjects
Topics
Places
Series Statement
- IMF working paper -- WP/06/231
Links
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