| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP997 |
| DP997 Financial Reform in Israel: A Case of Gradualism | |
| Leonardo Leiderman; Gil Bufman | |
| 发表日期 | 1994-07-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | We re-examine the economic justification for the regulation of firms' spatial price policies. Existing analysis, by treating market structure as exogenous, loses an important trade-off. Discriminatory pricing is more competitive between incumbents but acts as a strong deterrent against entry. Product variety is determined by the degree of spatial contestability of the market (the ability of entrants to make binding location commitments) and by whether firms can price discriminate. The entry deterring effect of discriminatory pricing is dominant whatever the degree of spatial contestability or the nature of demand but welfare effects depend upon the degree of spatial contestability. The lower the degree of spatial contestability, the more effective is discriminatory pricing at limiting entry and the more likely is it that mill pricing is socially desirable. |
| 主题 | Industrial Organization |
| 关键词 | Discriminatory pricing Mill pricing Product variety Regulation Spatial contestability |
| URL | https://cepr.org/publications/dp997 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530140 |
| 推荐引用方式 GB/T 7714 | Leonardo Leiderman,Gil Bufman. DP997 Financial Reform in Israel: A Case of Gradualism. 1994. |
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