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Entry Regulation and Competition. Evidence from retail and labor markets of pharmacists

Maximiliane Unsorg () and Davud Rostam-Afschar

VfS Annual Conference 2021 (Virtual Conference): Climate Economics from Verein für Socialpolitik / German Economic Association

Abstract: We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry rates for expanding firms. These firms can double revenues but not profits after three years. We show that the increase of the number of employees by 50% after five years and the higher overall employment in the local markets, which increased by 40%, can be attributed to the deregulation.

Keywords: regulation; acquisitions; entry; market concentration; wages; employment; pharmacists (search for similar items in EconPapers)
JEL-codes: J23 J44 L2 L4 L5 M1 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-com and nep-reg
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https://www.econstor.eu/bitstream/10419/242426/1/vfs-2021-pid-50307.pdf (application/pdf)

Related works:
Working Paper: Entry Regulation and Competition: Evidence from Retail and Labor Markets of Pharmacists (2021) Downloads
Working Paper: Entry regulation and competition: Evidence from retail and labormarkets of pharmacists (2021) Downloads
Working Paper: Entry regulation and competition evidence from retail and labor markets of pharmacists (2021) Downloads
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