Measuring competition in services markets with pass-through and speed of adjustment:
Making trade work for all and harnessing popular support for openness to trade depends on consumers benefitting from lower prices and broader product variety. The present study reveals that those benefits depend on competition in services markets, in particular in telecommunication. These findings r...
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| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2021
|
| Series: | OECD Trade Policy Papers
no.258 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | Making trade work for all and harnessing popular support for openness to trade depends on consumers benefitting from lower prices and broader product variety. The present study reveals that those benefits depend on competition in services markets, in particular in telecommunication. These findings result from employing an industrial organisation framework to estimate the transmission of prices from the world market to consumers of certain services in local markets (distribution, transport, and financial services). The OECD Services Trade Restrictiveness Index (OECD STRI) is used to explore the relationship between the pass-through rate of input prices to consumer prices and policy measures that capture the openness and strength of competition in services markets. The OECD STRI in telecommunications is found to be associated with a more complete and faster pass-through of prices in all markets studied. The results also illustrate the crucial role played by the internet in allowing for price comparisons that generate competitive pressure on distributors. |
| Physical Description: | 1 Online-Ressource (36 Seiten) 21 x 28cm. |
Staff View
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| spelling | Gonzales, Frédéric VerfasserIn aut Measuring competition in services markets with pass-through and speed of adjustment Frédéric, Gonzales, Hildegunn Kyvik, Nordås and Michel, Lioussis Paris OECD Publishing 2021 1 Online-Ressource (36 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Trade Policy Papers no.258 Making trade work for all and harnessing popular support for openness to trade depends on consumers benefitting from lower prices and broader product variety. The present study reveals that those benefits depend on competition in services markets, in particular in telecommunication. These findings result from employing an industrial organisation framework to estimate the transmission of prices from the world market to consumers of certain services in local markets (distribution, transport, and financial services). The OECD Services Trade Restrictiveness Index (OECD STRI) is used to explore the relationship between the pass-through rate of input prices to consumer prices and policy measures that capture the openness and strength of competition in services markets. The OECD STRI in telecommunications is found to be associated with a more complete and faster pass-through of prices in all markets studied. The results also illustrate the crucial role played by the internet in allowing for price comparisons that generate competitive pressure on distributors. Trade Nordås, Hildegunn Kyvik MitwirkendeR ctb Lioussis, Michel MitwirkendeR ctb |
| spellingShingle | Gonzales, Frédéric Measuring competition in services markets with pass-through and speed of adjustment Trade |
| title | Measuring competition in services markets with pass-through and speed of adjustment |
| title_auth | Measuring competition in services markets with pass-through and speed of adjustment |
| title_exact_search | Measuring competition in services markets with pass-through and speed of adjustment |
| title_full | Measuring competition in services markets with pass-through and speed of adjustment Frédéric, Gonzales, Hildegunn Kyvik, Nordås and Michel, Lioussis |
| title_fullStr | Measuring competition in services markets with pass-through and speed of adjustment Frédéric, Gonzales, Hildegunn Kyvik, Nordås and Michel, Lioussis |
| title_full_unstemmed | Measuring competition in services markets with pass-through and speed of adjustment Frédéric, Gonzales, Hildegunn Kyvik, Nordås and Michel, Lioussis |
| title_short | Measuring competition in services markets with pass-through and speed of adjustment |
| title_sort | measuring competition in services markets with pass through and speed of adjustment |
| topic | Trade |
| topic_facet | Trade |
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