SPATIAL COMPETITION WITH CHANGING MARKET INSTITUTIONS

Authors

  • Harrison Fell,

    1. Division of Economics and Business, Colorado School of Mines, Golden, CO, USA
    2. Fellow, Center for Climate and Electricity Policy, Resources for the Future, Washington, DC, USA
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  • Alan C. Haynie

    Corresponding author
    1. National Oceanic and Atmospheric Administration, National Marine Fisheries Service, Alaska Fisheries Science Center, Sand Point Laboratory, Seattle, WA, USA
    • Division of Economics and Business, Colorado School of Mines, Golden, CO, USA
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Correspondence to: Alan Haynie, Alaska Fisheries Science Center, National Marine Fisheries Service, 7600 Sandpoint Way NE, Bldg 4, Seattle, WA 98115-0070, USA. E-mail: alan.haynie@noaa.gov

SUMMARY

Competition across space can be fundamentally altered by changes in market institutions. We propose a framework that integrates market-altering policy changes in the spatial analysis of competitive behavior and incorporates endogenous breaks in explanatory variables for spatial panel datasets. This paper fills a gap in the literature between work focusing on spatial price responsiveness of agents and work on changes in market regulations that affect competition. We apply the framework to an important current fishery management policy to explore how a change from aggregate to individual fishing quotas affects the spatial price responsiveness of fish processors. Copyright © 2012 John Wiley & Sons, Ltd.

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