Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/242426 
Year of Publication: 
2021
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2021: Climate Economics
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
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.
Subjects: 
regulation
acquisitions
entry
market concentration
wages
employment
pharmacists
JEL: 
M1
J44
L4
L5
L2
J23
Document Type: 
Conference Paper

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