UNSPECIFIED (1993) RETAIL PHARMACY IN MELBOURNE - ACTUAL AND OPTIMAL DENSITIES. JOURNAL OF INDUSTRIAL ECONOMICS, 41 (4). pp. 403-419. ISSN 0022-1821

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Abstract

This paper models retail pharmacy distribution in terms of a quasi-monopolistically 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.

Item Type:	Journal Article
Subjects:	H Social Sciences > HG Finance H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	JOURNAL OF INDUSTRIAL ECONOMICS
Publisher:	BLACKWELL PUBL LTD
ISSN:	0022-1821
Date:	December 1993
Volume:	41
Number:	4
Number of Pages:	17
Page Range:	pp. 403-419
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/20963

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