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Deregulation and price discrimination in the conveyancing market
Author(s) -
Stephen Frank H.,
Love James H.,
Gillanders Derek D.,
Paterson Alan A.
Publication year - 1993
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090140408
Subject(s) - deregulation , price discrimination , conveyancing , business , law of one price , telephone survey , economics , mid price , monetary economics , market economy , marketing , price level , law , political science
Using data from a telephone survey of solicitors in England and Wales, this paper presents data on the impact of deregulation on price discrimination in 27 local conveyancing markets. It is concluded that variations in price discrimination can be explained not only by differences by firm and market structure but also by systematic differences in firm conduct. In particular, the nature of the response within different markets to deregulation in the legal profession (advertising and licensed conveyancers) has a significant effect on the extent of price discrimination.