Market integration and transportation: beer in Lao PDR
(2013)- Abstract
- To study the process of domestic market integration in Lao People’s
Democratic Republic (hereafter Lao PDR), this chapter explores the
spatial variation in beer prices and its relationship with transport costs and various local market characteristics. More specifically, we study how the price of a 640 ml bottle of Beer Lao varies across the country. In a well- integrated market, we expect the law of one price to hold. Controlling for transaction costs, a homogeneous product should have the same price throughout the market. Sellers trying to charge a higher price will find that potential buyers turn to competing suppliers.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/3810029
- author
- Andersson, Magnus LU and Kokko, Ari
- organization
- publishing date
- 2013
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- The Global Brewery Industry Markets, Strategies, and Rivalries
- editor
- Gammelgaard, Jens and Dörrenbächer, Christoph
- publisher
- Edward Elgar Publishing
- external identifiers
-
- scopus:85090443174
- ISBN
- 978 1 78100 635 1
- language
- English
- LU publication?
- yes
- id
- a47cb90a-92eb-4e5e-96fe-84f618872ecb (old id 3810029)
- date added to LUP
- 2016-04-04 10:58:25
- date last changed
- 2022-03-31 17:43:16
@inbook{a47cb90a-92eb-4e5e-96fe-84f618872ecb, abstract = {{To study the process of domestic market integration in Lao People’s<br/><br> Democratic Republic (hereafter Lao PDR), this chapter explores the<br/><br> spatial variation in beer prices and its relationship with transport costs and various local market characteristics. More specifically, we study how the price of a 640 ml bottle of Beer Lao varies across the country. In a well- integrated market, we expect the law of one price to hold. Controlling for transaction costs, a homogeneous product should have the same price throughout the market. Sellers trying to charge a higher price will find that potential buyers turn to competing suppliers.}}, author = {{Andersson, Magnus and Kokko, Ari}}, booktitle = {{The Global Brewery Industry Markets, Strategies, and Rivalries}}, editor = {{Gammelgaard, Jens and Dörrenbächer, Christoph}}, isbn = {{978 1 78100 635 1}}, language = {{eng}}, publisher = {{Edward Elgar Publishing}}, title = {{Market integration and transportation: beer in Lao PDR}}, year = {{2013}}, }