| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3519 |
| DP3519 When Economic Reform Goes Wrong: Cashews in Mozambique | |
| Dani Rodrik; Margaret McMillan; Karen Horn Welch | |
| 发表日期 | 2002-08-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | This Paper tests the presence of multiple independent submarkets in the Italian motor insurance industry. Independence is motivated by administrative boundaries among provinces and by further locational reasons. We find that the independence effects are sufficient to induce a minimum degree of inequality in the size distribution of firms once submarkets are aggregated. These results are consistent with the predictions of Sutton (1998). At the submarket level, some degree of inequality can be explained by a model of equilibrium price dispersion based on costly consumer search. Our findings show that Sutton?s limiting approach and one based on a game theoretical analysis of an industry are good complements when the industry is made of several independent submarkets. |
| 主题 | Industrial Organization |
| 关键词 | Size distribution of firms Independent submarkets Insurance companies Price dispersion |
| URL | https://cepr.org/publications/dp3519 |
| 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/532531 |
| 推荐引用方式 GB/T 7714 | Dani Rodrik,Margaret McMillan,Karen Horn Welch. DP3519 When Economic Reform Goes Wrong: Cashews in Mozambique. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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