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Algorithmic pricing and competition : empirical evidence from the German retail gasoline market

Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...

Persistent link: https://www.econbiz.de/10012263827

Induced price leadership and (counter-)spying rivals' play under incomplete information

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2019

We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10011962353

Fighting collusion by permitting price discrimination

Helfrich, Magdalena; Herweg, Fabian - 2016

We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …

Persistent link: https://www.econbiz.de/10011434582

Policy innovations, political preferences, and cartel prosecutions

Ghosal, Vivek; Sokol, D. Daniel - 2015

, collusion. …

Persistent link: https://www.econbiz.de/10011346282

Reserve prices as signals

Koska, Onur A.; Stähler, Frank - 2022

This paper discusses the role of secret versus public reserve prices when bidders’ valuations depend positively on the seller’s private signal. A public reserve price is announced before the auction starts, and a secret reserve price is disclosed after the highest bid has been reached. The...

Persistent link: https://www.econbiz.de/10012818503

Buy-It-Now" or "Sell-It-Now" auctions : effects of changing bargaining power in sequential trading mechanisms

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2015

We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price prior to the auction; whereas in the "Sell-It-Now"...

Persistent link: https://www.econbiz.de/10011406561

Late and multiple bidding in second price Internet auctions : theory and evidence concerning different rules for ending an auction

Ockenfels, Axel; Roth, Alvin E. - 2003

In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … are automatically extended if a bid is submitted very late, as in auctions conducted on Amazon. We propose a model of …

Persistent link: https://www.econbiz.de/10011508091

Competing with asking prices

Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2016

In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...

Persistent link: https://www.econbiz.de/10011488000

Selling cross-border in online markets : the impact of the ban on geoblocking strategies

Bourreau, Marc; Manenti, Fabio M. - 2020

We develop a model of strategic geoblocking, where two competing multi-channel retailers, located in different countries, can decide to block access to their online store from foreign consumers. We characterize the equilibrium when firms decide unilaterally whether to introduce geoblocking...

Persistent link: https://www.econbiz.de/10012312243

Exclusive data, price manipulation and market leadership

Gu, Yiquan; Madio, Leonardo; Reggiani, Carlo - 2019

The unprecedented access of firms to consumer level data not only facilitates more precisely targeted individual pricing but also alters firms' strategic incentives. We show that exclusive access to a list of consumers can provide incentives for a firm to endogenously assume the price leader's...

Persistent link: https://www.econbiz.de/10012104125