| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6714 |
| DP6714 Why so Glum? The Meese-Rogoff Methodology Meets the Stock Market | |
| Robert P Flood; Andrew Rose | |
| 发表日期 | 2008-02-22 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail industry. We estimate a model similar to Bresnahan and Reiss (1991) where we allow for multiple store formats. We find that more restrictive planning regulation reduces the number of large format supermarkets in equilibrium. However, the impact is overstated if variation in demographic characteristics across markets is not also controlled for. Our estimates suggest that restrictive planning regulation leads to a loss to consumers of up to £10m per annum. This cost must be offset against any benefits that arise, e.g. due to reduced congestion. |
| 主题 | Industrial Organization |
| 关键词 | Entry Land use regulation Retail |
| URL | https://cepr.org/publications/dp6714 |
| 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/535552 |
| 推荐引用方式 GB/T 7714 | Robert P Flood,Andrew Rose. DP6714 Why so Glum? The Meese-Rogoff Methodology Meets the Stock Market. 2008. |
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