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Author:Asplund, M.
Sandin, R.
Title:Competition in interrelated markets: An empirical study
Journal:International Journal of Industrial Organization
1999 : APR, VOL. 17:3, p. 353-369
Index terms:Competition
Markets
Industries
Oligopoly
Sweden
Freeterms:Driving schools
Spatial competition
Interrelated markets
Language:eng
Abstract:The paper studies competition in small, concentrated, and interrelated markets. Our data set consists of price information from 486 driving schools in 235 local markets in Sweden, which gives a large sample to test hypotheses on how market structure influences competition. The results show that the price in a market is lower if prices in nearby markets are low and the distances to them are short, as suggested in models of spatial competition. In addition, it is found that prices in closely located markets are interdependent. It is also shown that prices are increasing in firm concentration within a market as most theories of oligopoly predict.
SCIMA record nr: 183566
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