Lach, Saul; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2009
This paper examines how the distribution of prices changes with the number of competitors in the market. Using gasoline … number of prices they observe, benefit from an increase in the number of gas stations. The magnitude of the welfare gain …, however, is greater for those consumers that are aware of more prices. We conclude that an increase in the number of gas …