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There is little consensus on whether higher retail gasoline prices in Canada are the result of international crude oil price fluctuations or local market power exercised by large vertically-integrated firms. I find that although both increasing local market concentration and higher average...
Persistent link: https://www.econbiz.de/10005818082
We evaluate the effects of higher beer prices on gonorrhea, chlamydia, and teen pregnancy rates by pooling data across Canadian provinces over time. Higher real beer prices are significantly correlated with a reduction in both gonorrhea and chlamydia rates with price elasticities ranging from...
Persistent link: https://www.econbiz.de/10005748003
Some recent policy initiatives aimed at preserving the market share of smaller gasoline retailers have been proposed in Canada. These measures are grounded in the belief that strengthening such firms will enhance competition and result in lower prices, which is consistent with the implications...
Persistent link: https://www.econbiz.de/10005748022
A markup term is introduced to represent imperfect competition in Gylfason and Lindbeck's model of the interaction of monetary policy and wages. The simultaneous persistence of unemployment and inflation remains and these problems are aggravated with imperfect competition. However, the markup...
Persistent link: https://www.econbiz.de/10005824091
I exploit cross-province and time-series variation in Canadian mandatory seat belt legislation to empirically test the offset hypothesis. The results of this study offer modest evidence of the existence of offsetting behavior by drivers. Specifically, increased use of seat belts by drivers after...
Persistent link: https://www.econbiz.de/10005834338
Most research using cross-country data find income elasticities equal to or exceeding unity with respect to health expenditure. These conclusions might be confounded due to omitted variables bias and the presence of unobserved country and year specific determinants of per capita health...
Persistent link: https://www.econbiz.de/10005711010
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Some recent policy initiatives aimed at preserving the market share of smaller or independent gasoline retailers have either been implemented or proposed in both Canada and the United States. Employing monthly data on average retail prices and market shares across eleven Canadian cities between...
Persistent link: https://www.econbiz.de/10005705014
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