TY - JOUR
T1 - Competition, Cooperation and Regulatory Intervention Impacts on Independent School Fees
AU - Elliott, Caroline
AU - Konara, Palitha
AU - Wei, Yingqi
PY - 2016/3/1
Y1 - 2016/3/1
N2 - This paper examines the factors determining fee levels set by independent schools, focusing on the impact of competition, cooperation and regulatory intervention in the sector. Results indicate that, once account is taken of factors such as the extent of local competition between independent schools, the impact of the 2003–2005 Office of Fair Trading investigation into the fee-setting cartel on independent school fees becomes insignificant. Meanwhile, the extent of competition between independent schools has a significant effect on levels of boarding school fees. Results highlight the importance of considering pricing strategies of groups within a cartel.
AB - This paper examines the factors determining fee levels set by independent schools, focusing on the impact of competition, cooperation and regulatory intervention in the sector. Results indicate that, once account is taken of factors such as the extent of local competition between independent schools, the impact of the 2003–2005 Office of Fair Trading investigation into the fee-setting cartel on independent school fees becomes insignificant. Meanwhile, the extent of competition between independent schools has a significant effect on levels of boarding school fees. Results highlight the importance of considering pricing strategies of groups within a cartel.
KW - Cartel
KW - Competition Policy
KW - Office of Fair Trading
KW - School Fees
KW - Spatial Competition
UR - http://www.scopus.com/inward/record.url?scp=84961205648&partnerID=8YFLogxK
U2 - 10.1080/13571516.2016.1144011
DO - 10.1080/13571516.2016.1144011
M3 - Article
AN - SCOPUS:84961205648
VL - 23
SP - 243
EP - 262
JO - International Journal of the Economics of Business
JF - International Journal of the Economics of Business
SN - 1357-1516
IS - 2
ER -