| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6231 |
| DP6231 Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? | |
| Tommaso Monacelli; Livio Stracca; Alessandro Calza | |
| 发表日期 | 2007-04-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | In some markets vertically integrated firms sell directly to final customers but also to independent downstream firms with whom they then compete on the downstream market. It is often argued that resellers intensify competition and benefit consumers, in particular when wholesale prices are regulated. However, we show that (i) resale may increase prices and make consumers worse off and that (ii) standard 'retail minus X regulation' may increase prices and harm consumers. Our analysis suggests that this is more likely if the number of integrated firms is small, the degree of product differentiation is low, and/or if competition is spatial. |
| 主题 | Industrial Organization |
| 关键词 | Non-spatial product differentiation Resale regulation Spatial product differentiation Vertical restraints Wholesale |
| URL | https://cepr.org/publications/dp6231 |
| 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/535082 |
| 推荐引用方式 GB/T 7714 | Tommaso Monacelli,Livio Stracca,Alessandro Calza. DP6231 Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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