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We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …
Persistent link: https://www.econbiz.de/10011973911
We study how mandatory online disclosure of supermarket prices affects prices and price dispersion in brick … in price dispersion and a 4% to 5% drop in prices following the transparency regulation. The price drop varied across …, we show that prices declined as more consumers used price-comparison websites, and we highlight the role of media …
Persistent link: https://www.econbiz.de/10011809924
Persistent link: https://www.econbiz.de/10003498627
markets. Channels sell quantities of airtime to advertisers, theunit price of which is determined by the number of viewers …
Persistent link: https://www.econbiz.de/10011400384
-based measures using the number of competitors in specific geographic radii are outperformed by price-based measures using prices of … competitors. The measure captures the decaying pattern of spatial price competition over distance. The measure also stands out in … capturing het-erogeneous spatial price competition effects. We find that spatial price competition is more intense among high …
Persistent link: https://www.econbiz.de/10015074587
We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i …) the magnitude of variable quality costs, and (ii) the relative magnitudes of cross-quality and cross-price effects on … demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …
Persistent link: https://www.econbiz.de/10011283834
quality is robust to any given number of firms in the market and whether quality and price decisions are simultaneous or …
Persistent link: https://www.econbiz.de/10010246067
We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental conflict of interest between consumers...
Persistent link: https://www.econbiz.de/10010424907
This paper uses a new economic geography model to analyze tax competition betweeen two countries trying to attract internationally mobile capital. Each government may levy a source tax on capit al and a lump sum tax on fixed labor. If industry is concentrated in one of the countries, the...
Persistent link: https://www.econbiz.de/10009781526
We show that for a spatially differentiated economy reduced product variety is the likely outcome of mergers except in cases where exit costs in relation to (outlet-specific) fixed costs are high. Our empirical analysis of the Austrian retail gasoline market confirms that increases in...
Persistent link: https://www.econbiz.de/10011451069