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Barriers to retail competition and prices : evidence from Spain

Author: Alexander W Hoffmaister; International Monetary Fund. European Department.
Publisher: [Washington D.C.] : International Monetary Fund., ©2006.
Series: IMF working paper, WP/06/231.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Hoffmaister, Alexander W.
Barriers to retail competition and prices.
[Washington D.C.] : International Monetary Fund., ©2006
(OCoLC)105273993
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alexander W Hoffmaister; International Monetary Fund. European Department.
ISBN: 1283515229 9781283515221 9781451909449 1451909446
OCLC Number: 694141196
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (39 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/06/231.
Responsibility: Alexander W. Hoffmaister.

Abstract:

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.

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