The Single Market Review
Author:
Publisher:
Published: 1997
Total Pages:
ISBN-13: 9780749423094
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Author:
Publisher:
Published: 1997
Total Pages:
ISBN-13: 9780749423094
DOWNLOAD EBOOKAuthor: Gary Clyde Hufbauer
Publisher: Peterson Institute
Published: 2002
Total Pages: 132
ISBN-13: 9780881323337
DOWNLOAD EBOOKPrice divergence is readily apparent to anyone who shops. Travelers from Manchester to London, or from Chicago to Paris, are hit by sticker shock. Products ranging from London Fog raincoats to Viagra are available over the Internet at half their retail store prices. Common experience tells us that prices for identical products differ between countries, between cities, even between neighboring shops. On the other hand, common experience also tells us that open markets and greater competition will force a degree of price convergence, if not identical prices. This monograph presents speculative calculations that illustrate potential benefits from price convergence between countries. The authors take a fresh look at global economic integration by examining existing price divergence, and possible price convergence, across a range of consumer goods and then calculate the potential benefits of price convergence on a country-by-country basis and for the world as a whole. This study examines the potential benefits from price convergence resulting from more competition and market integration, not perfect competition and market integration. The authors calculate these benefits assuming that the world economy can attain the same degree of competition and market integration-and hence price convergence-as exists within the United States.
Author:
Publisher:
Published: 1997
Total Pages:
ISBN-13: 9780749423346
DOWNLOAD EBOOKAuthor: DRI Europe Ltd
Publisher:
Published: 1977
Total Pages: 259
ISBN-13: 9780749423346
DOWNLOAD EBOOKAuthor: European Commission
Publisher:
Published: 1997
Total Pages: 284
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 1997
Total Pages: 259
ISBN-13: 9789282788011
DOWNLOAD EBOOKAuthor: European Commission Staff
Publisher:
Published: 1997-01-01
Total Pages: 259
ISBN-13: 9789282788011
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 1997
Total Pages: 259
ISBN-13: 9789282788011
DOWNLOAD EBOOKAuthor: European commission
Publisher:
Published: 1997
Total Pages: 259
ISBN-13: 9780749423346
DOWNLOAD EBOOKAuthor: Christian Dreger
Publisher:
Published: 2007
Total Pages: 103
ISBN-13: 9789279046452
DOWNLOAD EBOOKThe studies' main aim is to investigate the effects of the EU-10 enlargement on price convergence within the Internal Market. It distinguishes between the opposite forces provided by: (1) the catching up effect of the EU-10, expected to lead to a rise in price levels; and (2) increased competitiveness pressure on prices expected to lower price levels due to lower mark ups of prices over marginal costs. The study is based on comparative price levels for the EU-25, covering the period 1999-2004. Distinct variables were identified as proxies for the catching-up and competition forces. The following analysis proceeded in two steps. First, it is examined whether price convergence has occurred and, second, what are its main drivers. The results confirm the presence of price convergence. This process is particularly visible in the case of basic headings, most likely because they are related to more homogeneous products. Moreover, both catching up and competition have been important factors for explaining price convergence. In addition, both effects seem to be more pronounced for the EU-10 than for the EU-15.