Replication data for: Public Monopoly and Economic Efficiency: Evidence from the Pennsylvania Liquor Control Board's Entry Decisions
Principal Investigator(s): View help for Principal Investigator(s) Katja Seim; Joel Waldfogel
Version: View help for Version V1
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Project Citation:
Seim, Katja, and Waldfogel, Joel. Replication data for: Public Monopoly and Economic Efficiency: Evidence from the Pennsylvania Liquor Control Board’s Entry Decisions. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112605V1
Project Description
Summary:
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We estimate a spatial model of liquor demand to analyze the impact of
government-controlled retailing on entry patterns. In the absence of
the Pennsylvania Liquor Control Board, the state would have roughly
2.5 times the current number of stores, higher consumer surplus, and
lower payments to liquor store employees. With just over half the
number of stores that would maximize welfare, the government system is instead best rationalized as profit maximization with profit sharing. Government operation mitigates, but does not eliminate, free entry's bias against rural consumers. We find only limited evidence of political influence on entry. (JEL D42, D72, L11, L12, L43, L81)
Scope of Project
JEL Classification:
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D42 Market Structure, Pricing, and Design: Monopoly
D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L12 Monopoly; Monopolization Strategies
L43 Legal Monopolies and Regulation or Deregulation
L81 Retail and Wholesale Trade; e-Commerce
D42 Market Structure, Pricing, and Design: Monopoly
D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L12 Monopoly; Monopolization Strategies
L43 Legal Monopolies and Regulation or Deregulation
L81 Retail and Wholesale Trade; e-Commerce
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