Details

Subject(s)

• Barriers to entry (Industrial organization)—Spain [Browse]
• Competition—Spain [Browse]
• Prices—Spain—Regional disparities [Browse]
• Retail trade—Spain [Browse]

Related name

International Monetary Fund. European Department [Browse]

Series

• IMF Working Papers; Working Paper ; No. 2006/231 [More in this series]
• IMF Working Papers

Summary note

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.

Notes

"October 2006."

Bibliographic references

Includes bibliographical references (p.37-39).

Source of description

Description based on print version record.

Language note

English

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""

ISBN

• 9786613827678
• 9781462331635
• 1462331637
• 9781452739038
• 145273903X
• 9781283515221
• 1283515229
• 9781451909449
• 1451909446

OCLC

694141196

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