Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/15214

Assessing excess profits from different entry regulations
Borrell, Joan-Ramon; Fernández Villadangos, Laura
Entry regulations affecting professional services such as pharmacies are common practice in many European countries. We assess the impact of entry regulations on profits estimating a structural model of entry using the information provided by a policy experiment. We use the case of different regional policies governing the opening of new pharmacies in Spain to show that structural models of entry ought to be estimated with data from policy experiments to pin down how entry regulations change payoffs functions of the incumbents. Contrary to the public interest rationales, regulations are not boosting only small town pharmacies payoffs nor increasing all pharmacies payoffs alike. The gains from regulations are very unevenly distributed,suggesting that private interests are shaping the current mix of entry and markup regulations.
04-2009
33 - Economia
332 - Economia regional i territorial. Economia del sòl i de la vivenda
Regulació del comerç
Farmàcies
Política governamental
Beneficis
Espanya
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40 p.
Documento de trabajo
Xarxa de Referència en Economia Aplicada (XREAP)
Reproducció digital del document publicat en format paper
XREAP;2009-2
         

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