Lábaj, Martin, Morvay, Karol, Silanic, Peter, Weiss, Christoph, Yontcheva, Biliana. 2018. Market structure and competition in transition: results from a spatial analysis. Applied Economics, 50 (15), 1694-1715.

RIS

@ARTICLE{Lábaj2018,
title = {Market structure and competition in transition: results from a spatial analysis},
author = {Martin Lábaj and Karol Morvay and Peter Silanic and Christoph Weiss and Biliana Yontcheva},
year = {2018},
doi = {http://dx.doi.org/10.1080/00036846.2017.1374535},
volume = {50},
number = {15},
language = {EN},
pages = {1694-1715},
journal = {Applied Economics},
abstract = {The present article provides first microlevel (indirect) empirical evidence on changes in entry barriers, the determinants of firm profitability as well as the nature of competition for a transition economy. We estimate size thresholds required to support different numbers of firms for several retail and professional service industries in a large number of geographic markets in Slovakia. The 3 time periods in the analysis (1995, 2001 and 2010) characterize different stages of the transition process. Specific emphasis is given to spatial spill-over effects between local markets. Estimation results obtained from a spatial ordered probit model suggest that entry barriers have declined considerably (except for restaurants) and that the intensity of competition has increased on average. We further find that demand spill-overs and/or the effects associated with a positive correlation in unobservable explanatory variables seem to outweigh negative spill-over effects caused by competitive forces between neighbouring cities and villages. The importance of these spatial spill-over effects differs across industries.},
}