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| Author: | Schivardi, F. Viviano, E. |
| Title: | Entry barriers in retail trade |
| Journal: | Economic Journal
2011 : MAR, VOL 121:551 p. 145-170 |
| Index terms: | Italy retailing government consumers prices regulations reforms profit |
| Freeterms: | entry barriers |
| Language: | eng |
| Abstract: | The 1998 reform of the Italian retail trade sector delegated the regulation of entry of large stores to the regional governments. This article argues about the effects of entry barriers on sectoral performance. It is found that entry barriers are associated with substantially larger profit margins and lower productivity of incumbent firms. Liberalising entry has a positive effect on investment in ICT, increases employment and compresses labour costs in large shops. In areas with more stringent entry regulation, lower productivity coupled with larger margins results in higher consumer prices. |
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