| 来源类型 | Working Paper
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| 规范类型 | 报告
|
| DOI | 10.3386/w27016
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| 来源ID | Working Paper 27016
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| Market Structure and Product Assortment: Evidence from a Natural Experiment in Liquor Licensure |
| Gastón Illanes; Sarah Moshary
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| 发表日期 | 2020-04-20
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| 出版年 | 2020
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| 语种 | 英语
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| 摘要 | We examine how market structure, measured as the number of firms, affects prices, quantities, product assortment, and consumer surplus. Our analysis exploits Washington’s deregulation of spirit sales, which generated exogenous variation in market structure across the state. Consistent with the uniform pricing literature, we find no effect of increased competition on prices. Rather, we document an expansion of product assortment, which in turn increases purchasing. Using a discrete-choice demand model, we estimate that wider assortments increase consumer surplus by $3.20/month when moving from monopoly to duopoly. However, the likelihood that a household engages in heavy drinking, as defined by the CDC, increases by 5.6 percentage points, raising concerns about social welfare. |
| 主题 | Microeconomics
; Market Structure and Distribution
; Welfare and Collective Choice
; Industrial Organization
; Antitrust
; Industry Studies
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| URL | https://www.nber.org/papers/w27016
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584688
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推荐引用方式
GB/T 7714 |
Gastón Illanes,Sarah Moshary. Market Structure and Product Assortment: Evidence from a Natural Experiment in Liquor Licensure. 2020.
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文件名：
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w27016.pdf
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格式：
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Adobe PDF
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