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|z 9781451864915
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|a Hoffmaister, Willy.
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|a Barriers to Retail Competition and Prices :
|b Evidence From Spain /
|c Willy Hoffmaister.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (41 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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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|a Mode of access: Internet
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|a Spain
|2 imf
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|a IMF Working Papers; Working Paper ;
|v No. 2006/231
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/231/001.2006.issue-231-en.xml
|z IMF e-Library
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