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International Price Discrimination In The European Car Market
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Book Synopsis International Price Discrimination in the European Car Market by : Frank Verboven
Download or read book International Price Discrimination in the European Car Market written by Frank Verboven and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are car prices so different across European countries? I construct and estimate an oligopoly model to analyze whether international price discrimination can explain the puzzle. Three sources of international price discrimination are considered: price elasticities, import quota constraints, and collusion. The data reveal that international price discrimination accounts for an important part of the observed price differences. Low price elasticities (or domestic market power) are present in France, Germany, the United Kingdom, and especially Italy. Binding import quota constraints on Japanese cars exist in France and Italy. The possibility of collusion cannot be rejected in Germany and the United Kingdom.
Book Synopsis International Price Discrimination in the European Car Market by : Adri Verboven
Download or read book International Price Discrimination in the European Car Market written by Adri Verboven and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are car prices so different across European countries? I construct and estimate an oligopoly model to analyze whether international price discrimination can explain the puzzle. Three sources of international price discrimination are considered: price elasticities, import quota constraints, and collusion. The data reveal that international price discrimination accounts for an important part of the observed price differences. Low price elasticities (or domestic market power) are present in France, Germany, the United Kingdom, and especially Italy. Binding import quota constraints on Japanese cars exist in France and Italy. The possibility of collusion cannot be rejected in Germany and the United Kingdom.
Book Synopsis The Evolution of Price Discrimination in the European Car Market by : Pinelopi Koujianou Goldberg
Download or read book The Evolution of Price Discrimination in the European Car Market written by Pinelopi Koujianou Goldberg and published by . This book was released on 1998 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Price Discrimination in the European Car Market by : Frank Verboven
Download or read book International Price Discrimination in the European Car Market written by Frank Verboven and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Product Lines and Price Discrimination in the European Car Market by : Victor Ginsburgh
Download or read book Product Lines and Price Discrimination in the European Car Market written by Victor Ginsburgh and published by . This book was released on 1996 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Testing the Market Integration Process in the European Car Sector by : Jacint Balaguer
Download or read book Testing the Market Integration Process in the European Car Sector written by Jacint Balaguer and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, we investigate the process of the European car market integration by analysing the evolution of cross-country differences in the degree of pricing-to-market behaviour of United Kingdom exporters. We estimate these country differences by exploiting statistical information for pre-tax retail prices and for export unit values. Conclusions from both independent data sets are, in general, quite consistent. Results support the claim that, in the period before the Block Exemption Regulation (1400/2002) came fully into force, international price discrimination was an important source of car price dispersion within the euro area. For a more recent period, we found that estimated deviations in pricing-to-market behaviour across destinations have become lower. This convergence suggests that car market integration was progressively improved at the end of the last decade.
Book Synopsis Liberalizing a Distribution System by : Randy Brenkers
Download or read book Liberalizing a Distribution System written by Randy Brenkers and published by . This book was released on 2002 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Integration and Convergence to the Law of One Price by : Pinelopi Koujianou Goldberg
Download or read book Market Integration and Convergence to the Law of One Price written by Pinelopi Koujianou Goldberg and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper exploits the unique experiment of European market integration to investigate the relationship between integration and price convergence in international markets. Using a panel data set of car prices we examine how the process of integration has affected cross-country price dispersion in Europe. We find surprisingly strong evidence of convergence towards both the absolute and the relative versions of Purchasing Power Parity. Our analysis illuminates the main sources of segmentation in international markets and suggests the type of institutional changes that can successfully reduce it.
Book Synopsis Price discrimination and the effects of trade restrictions in the European car market 1970-1985 by : Yves Mertens
Download or read book Price discrimination and the effects of trade restrictions in the European car market 1970-1985 written by Yves Mertens and published by . This book was released on 1988 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Evolution of Price Dispersion in the European Car Market by : Pinelopi Koujianou Goldberg
Download or read book The Evolution of Price Dispersion in the European Car Market written by Pinelopi Koujianou Goldberg and published by . This book was released on 1998 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Car prices in Europe are characterized by large and persistent differences across countries. The purpose of this paper is to document and explain this price dispersion. Using a panel data set extending from 1980 to 1993, we first demonstrate two main facts concerning car prices in Europe: (1) The existence of significant differences in quality adjusted prices across countries, with Italy and the U.K. systematically representing the most expansive markets; (2) Substantial year-to-year volatility that is to a large extent accounted for by exchange rate fluctuation and the incomplete response of local currency prices to these fluctuations. These facts are analyzed within the framework of a multiproduct oligopoly model with product differentiation. The model identifies three potential sources for the international price differences: price elasticities generating differences in markups, costs, and import quota constraints. Local currency price stability can be attributed either to the presence of a local component in marginal costs, or to markup adjustment that is correlated with exchange rate volatility; the latter requires that the perceived elasticity of demand is increasing in price. We find that the primary reason for the higher prices in Italy is the existence of a strong bias for domestic brands that generates high markups for the domestic firm (Fiat). In the U.K. higher prices are mainly attributed to better equipped cars and/or differences in the dealer discount practices. The import quota constraints are found to have a significant impact on Japanese car prices in Italy, France, and the U.K. With respect to local currency price stability, 2/3 of the documented price inertia are attributed to local costs, and 1/3 to markup adjustment that is indicative of price discrimination. Based on these results, we conjecture that the EMU will substantially reduce the year-to -year volatility observed in the car price data, but without further measures to increase European integration, it will not com
Book Synopsis International Price Discrimination in the Market for New Cars by : Michael G. Vrontamitis
Download or read book International Price Discrimination in the Market for New Cars written by Michael G. Vrontamitis and published by . This book was released on 1995 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic and Business Consequences of the EMU by : Hubert Ooghe
Download or read book The Economic and Business Consequences of the EMU written by Hubert Ooghe and published by Springer Science & Business Media. This book was released on 2000-09-30 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: To make a first assessment after about a year's experience with economic and monetary union; 2. To examine the impact of EMU and the introduction of the Euro in various areas of economic policy, involving both government and the corporate sector including the banking industry; 3. To provide an insight into the challenges that the Euro offers for the coming years with respect both to macro-economic policy and the development of the financial markets and with respect to business management.
Book Synopsis Price Discrimination in the EC Car Market by : G. Vanhamme
Download or read book Price Discrimination in the EC Car Market written by G. Vanhamme and published by . This book was released on 1988 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cases in European Competition Policy by : Bruce Lyons
Download or read book Cases in European Competition Policy written by Bruce Lyons and published by Cambridge University Press. This book was released on 2009-08-27 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition between firms is usually the most effective way of delivering economic efficiency and what consumers want. However, there is a balance to be struck. Firms must not be over-regulated and so hampered in their development of innovative products and new strategies to compete for customers. Nor must they be completely free to satisfy a natural preference for monopoly, which would give them higher profits and a quieter life. The economic role of competition policy (control of anticompetitive agreements, mergers and abusive practices) is to maintain this balance, and an effective policy requires a nuanced understanding of the economics of industrial organization. Cases in European Competition Policy demonstrates how economics is used (and sometimes abused) in competition cases in practical competition policy across Europe. Each chapter summarizes a real case investigated by the European Commission or a national authority, and provides a critique of key aspects of the economic analysis.
Book Synopsis Macroeconomics of International Price Discrimination by : Giancarlo Corsetti
Download or read book Macroeconomics of International Price Discrimination written by Giancarlo Corsetti and published by . This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Price Leadership and Discrimination in the European Car Market by : A. P. Kirman
Download or read book Price Leadership and Discrimination in the European Car Market written by A. P. Kirman and published by . This book was released on 1990 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Economic Integration: General issues by : Miroslav Jovanovic
Download or read book International Economic Integration: General issues written by Miroslav Jovanovic and published by Taylor & Francis. This book was released on 1998 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:
