Promoting Competition in Regulated Markets

Phillips, Almarin

doi:10.2307/1228112

Cited by 12 publications

(4 citation statements)

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“…7 Stigler, however, failed to recognize a risk premium for occupations which carry more professional risk (eg, physicians, pharmacists) than others (eg, clergymen, musicians). 8 For further evidence and discussion see Stigler (1975), Platzman (1976, and studies in Phillips (1975), who suggested that the U.S. regulatory systems cannot be explained by the consumer-protection hypothesis. Posner (197 1) proved that regulation often results in consumer price discrimination.…”

Section: Notesmentioning

confidence: 99%

The Effectiveness of Canadian Oil‐ and Gas‐Pipeline Price Regulation 1976–82

Butterworth

Falk

1985

Can J Adm Sci

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This paper examines the effectiveness of the oil and gas‐pipeline price‐regulation system in Canada during the seven years beginning January 1976. Results for a threefold analysis are reported. When the seven‐year period was considered as a whole, the regulatory system was not found to be ineffective in implementing the “comparable‐earnings” and “capital‐attraction” criteria. This finding also holds for the pre‐October 1980 National Energy Plan‐announcement period. The regulatory system was not effective, however, in achieving its proclaimed goals on a yearly basis. The “consumer‐protection” hypothesis could not be rejected for the Canadian oil and gas‐pipeline regulatory system. Résumé Ce mémoire examine l'efficacité de la réglementation relative aux prix d'utilisation des gazoducs et oléoducs au Canada sur une période de sept ans à partir de janvier 1976. Les résultats de cette analyse comportent trois volets. Si l'on tient compte globablement des sept années qui sont évaluées, la réglementation ne se montre pas inefficace du point de vue des profits comparatifs et de la facilité d'obtention de capitaux. Ces résultats s'appliquent à la période précédant la mise en vigueur de la Politique énergétique nationale en octobre 1980. Cependant, la réglementation n'atteint pas les objectifs fixés. L'hypothèse de protection du consommateur ne pouvait ětre rejetée dans le cas de la réglementation relative aux prix d'utilisation des gazoducs et oléoducs au Canada.

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Section: Notesmentioning

confidence: 99%

The Effectiveness of Canadian Oil‐ and Gas‐Pipeline Price Regulation 1976–82

Butterworth

Falk

1985

Can J Adm Sci

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“…was estimated using ordinary least squares for the J1h fair trade product in the i th product group. 5 Variable M> Ii represented the percent change in price between that charged in December 1976 and the unifonn fair trade price prevailing in December 1975. l)\i was a dichotomous variable assigned a value of one for observations gathered in chain stores and zero for independents. Dichotomous variable Olii assumed a value of one where a retailer identified a store as a "discount" outlet and zero elsewhere.…”

Section: The Effect Of Repeal On Consumer Pricesmentioning

confidence: 99%

The Economic Effects of Repealing Fair Trade Laws

Shepard

1978

Journal of Consumer Affairs

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Legislation in 1976 abolishing fair trade appears to have led to limited price cutting among retailers. In particular, stores identified by their managers as being “discount” outlets were found to have undercut the prices of other stores in most product groups while the pricing policies of chain stores and multi‐line stores have not become more aggressive on fair trade items since repeal. Limited evidence indicates that a reduction in nonprice competition in the form of newspaper advertising and sales personnel has also attended repeal. Finally, a substantial increase in the frequency of business failures in fair trade states during 1976 indicates that a consolidation among retailers may have coincided with the abolishment of uniform, manufacturer‐specified retail prices.

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“…The spatial relationships of establishments in the same area can be classified into three types: competition, complementarity, or synergistic (Alcaide et al, 2012; Moreno-Jiménez, 2003). However, these three types of relationships are controlled and legislated in what are referred to as regulated markets (Phillips, 1975). The regulations established for such markets may limit the competitive capacity of a retailer in terms of price (Laffont and Tirole, 1994) and location (Zhu and Singh, 2009).…”

Section: Introductionmentioning

confidence: 99%

Geomarketing Techniques to Locate Retail Companies in Regulated Markets

Chacón-García

2017

Australasian Marketing Journal

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Our background is the investment when opening a retail business in a regulated market, such as the pharmaceutical sector in Spain, which involves many risks caused by external factors that hinder the choice of a new-business location process. To study this phenomenon, we optimized the choice of the location of a retail site in a regulated market via a methodology that entailed a combination of analytical methods of spatial geometry with geographic information systems (GIS) and the analytic hierarchy process (AHP) multicriteria decision method. The integration of both methods shows great efficiency in the measurement of spatial reality in detail and its influence on decision-making in retail businesses. The study, conducted in Seville (Spain), showed how legal restrictions for the location of a new pharmacy greatly hindered the possibility of success for new retail businesses. However, by implementing both methods, we discovered a series of suitable spaces, which were assigned a score based on several criteria. The combination of GIS methods and AHP multicriteria decision method can be used to reduce the risk of opening a new retail business in a regulated market with space restrictions.

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Promoting Competition in Regulated Markets

Cited by 12 publications

References 1 publication

The Effectiveness of Canadian Oil‐ and Gas‐Pipeline Price Regulation 1976–82

The Effectiveness of Canadian Oil‐ and Gas‐Pipeline Price Regulation 1976–82

The Economic Effects of Repealing Fair Trade Laws

Geomarketing Techniques to Locate Retail Companies in Regulated Markets

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