| Description |
1 online resource (39 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/06/231 |
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IMF working paper ; WP/06/231.
|
| Contents |
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 |
| 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 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 |
| Bibliography |
Includes bibliographical references (pages 37-39) |
| Notes |
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. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
|
Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Barriers to entry (Industrial organization) -- Spain
|
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Competition -- Spain
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Prices -- Spain -- Regional disparities
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Retail trade -- Spain
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Barriers to entry (Industrial organization)
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Competition
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Retail trade
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Spain
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| Form |
Electronic book
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| Author |
International Monetary Fund. European Department
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| ISBN |
1283515229 |
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9781283515221 |
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9781451909449 |
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1451909446 |
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1462331637 |
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9781462331635 |
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145273903X |
|
9781452739038 |
|
9786613827678 |
|
6613827673 |
|
