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Retail Pharmacy in Melbourne: Actual and Optimal Densities

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  • Waterson, Michael

Abstract

This paper models retail pharmacy distribution in terms of a quasimonopolistically competitive market structure in which government remuneration determines industry numbers. The model is calibrated using industry estimates for metropolitan Melbourne and comparisons are made with actual pharmacy numbers, with reasonable results. Some normative implications are also drawn, based upon the use of a social loss function. Copyright 1993 by Blackwell Publishing Ltd.

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  • Waterson, Michael, 1993. "Retail Pharmacy in Melbourne: Actual and Optimal Densities," Journal of Industrial Economics, Wiley Blackwell, vol. 41(4), pages 403-419, December.
    • Handle: RePEc:bla:jindec:v:41:y:1993:i:4:p:403-19
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    Cited by:

    1. Dökmeci, Vedia & Özus, Evren, 2000. "Spatial Analysis Of Urban Pharmacies In Istanbul," ERSA conference papers ersa00p125, European Regional Science Association.
    2. Juan Luis Jiménez González & Javier Campos Méndez & Gustavo Nombela Merchán, 2001. "Un análisis económico del mercado de libros de texto en España," Documentos de trabajo conjunto ULL-ULPGC 2001-02, Facultad de Ciencias Económicas de la ULPGC.
    3. Moura, Ana, 2021. "Essays in health economics," Other publications TiSEM c93abd22-fa4a-42a5-b172-d, Tilburg University, School of Economics and Management.
    4. Kosová, Renáta & Lafontaine, Francine, 2012. "Much ado about chains: A research agenda," International Journal of Industrial Organization, Elsevier, vol. 30(3), pages 303-308.
    5. Julio López Laborda & Vicente Salas Fumás, "undated". "Economía y Política de la financiación de servicios públicos en Territorios con desigual densidad de demanda," Studies on the Spanish Economy 83, FEDEA.
    6. Ana Moura & Pedro Pita Barros, 2020. "Entry and price competition in the over‐the‐counter drug market after deregulation: Evidence from Portugal," Health Economics, John Wiley & Sons, Ltd., vol. 29(8), pages 865-877, August.
    7. Juan Jiménez & Javier Campos, 2010. "Modelling Competition in the Textbook Market: Some Lessons still to Learn," Journal of Industry, Competition and Trade, Springer, vol. 10(1), pages 71-85, March.

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