Impact of retail market structure on prices

Changing retail market structure in the Czech Republic was responsible for an average yearly decrease in prices of 0.8 percentage point during 2000-05, this paper from the Czech National Bank finds.

At the start of the transition from a command to a market economy, the economy was characterised by chains of isolated small shops, during the transition the retail market consists to a large extent of a small number of large retailers operating extensive shopping centres.

However, the research also

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