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Why Does the 'Law of One Price' Fail? A Case Study
Haskel, Jonathan; Wolf, Holger C - C.E.P.R. Discussion Papers - 1999
law of one price (LOOP) for identical products sold in a variety of countries. We find median deviations of twenty to …
Persistent link: https://www.econbiz.de/10005497930
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Chicken and Egg: Competing Matchmakers
Caillaud, Bernard; Jullien, Bruno - C.E.P.R. Discussion Papers - 2001
We examine a Bertrand competition game between two intermediaries offering matching services between two sides of a market. Indirect network externalities arise as the probability of finding one's match with a given intermediary increase with the number of agents of the other side who use the...
Persistent link: https://www.econbiz.de/10005136667
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Competing with Network Externalities and Price Discrimination
Jullien, Bruno - C.E.P.R. Discussion Papers - 2001
This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price … other, and is interpreted as a reputation effect. Price-discrimination in this context has a strong impact because cross … perfect price-discrimination, both networks prefer to be compatible. Price-discrimination promotes efficiency by reducing the …
Persistent link: https://www.econbiz.de/10005661635
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Supermarkets and Planning Regulation
Griffith, Rachel; Harmgart, Heike - C.E.P.R. Discussion Papers - 2008
We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail industry. We estimate a model similar to Bresnahan and Reiss (1991) where we allow for multiple store formats. We find that more restrictive planning regulation reduces the number of...
Persistent link: https://www.econbiz.de/10005788990
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Empirical Games of Market Entry and Spatial Competition in Retail Industries
Aguirregabiria, Victor; Suzuki, Junichi - C.E.P.R. Discussion Papers - 2015
heterogeneity; specification of price competition; structure of spatial competition; firms' information; dynamics; multi-store firms …
Persistent link: https://www.econbiz.de/10011165645
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Market Structure and Market Performance in E-Commerce
Hackl, Franz; Kummer, Michael E; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2012
from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware … instrumenting is particularly important for estimating the effect of competition on the markup of the price leader. …
Persistent link: https://www.econbiz.de/10011083898
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Entry Barriers in Retail Trade
Schivardi, Fabiano; Viviano, Eliana - C.E.P.R. Discussion Papers - 2008
The 1998 reform of the Italy's retail trade sector delegated the regulation of entry of large stores to the regional governments. We use the local variation in regulation to determine the effects of entry barriers on firms' performance for a representative sample of retailers. We address the...
Persistent link: https://www.econbiz.de/10005661440
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Gasoline prices jump up on Mondays: An outcome of aggressive competition?
Foros, Øystein; Steen, Frode - C.E.P.R. Discussion Papers - 2008
2006. Whereas studies that have analyzed similar price cycles in other countries find support for the Edgeworth cycle … theory (Maskin and Tirole, 1988), we demonstrate that Norwegian gasoline price cycles involve a form of coordinated behavior … noon, and that gasoline companies appear to use the recommended price as a coordination device with a fixed link between …
Persistent link: https://www.econbiz.de/10005666514
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Firm Size Distribution: Testing the 'Independent Submarkets Model' in the Italian Motor Insurance Industry
Buzzacchi, Luigi; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2002
can be explained by a model of equilibrium price dispersion based on costly consumer search. Our findings show that Sutton …
Persistent link: https://www.econbiz.de/10005792543
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Revolutionary Effects of New Information Technologies
den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2005
In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which in turn affects the distribution of production technologies across firms. We show that in models for such markets there are typically multiple equilibria because...
Persistent link: https://www.econbiz.de/10005788903