Price Fixing Act on gasoline and diesel price levels. Using the synthetic control method, we construct a counterfactual and … Price Fixing Act came into effect, gasoline prices are 23.4% lower than the synthetic control predicts. The effect on diesel … prices appears to be less pronounced and amounts to 6.6% lower prices. Austria’s fuel price regulation seems to have been …

We study price formation in the standard model of consumer search for differentiated products but allow for search cost … important but often neglected aspect of the price mechanism. Recognizing the role the equilibrium price plays in consumers …

overvalues a product attribute - quality or price - that stands out in a particular choice situation. In a highly competitive low-price … environment like on an online platform, consumers focus more on price rather than quality. Especially if the market power of local … (physical) retailers is low, price tends to be salient also in the local store, which is unfavorable for the high …

changes to diesel and gasoline prices using a unique dataset containing the universe of price changes at fuel stations in … of price sensitive consumers, the higher the pass-through rate. Second, there is a hump-shaped relationship between the …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … explained by a large increase in gasoline prices. However, on average, gasoline price shocks account for only 39% of the … support for the conventional wisdom. Using a new structural vector regression model, however, we demonstrate that gasoline …

An individual’s initial experiences with a common good, such as gasoline, can shape their behavior for decades. We … incomes and those in cities. Combining data on many cohorts, we then show that large increases in gasoline prices between the …

, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …

link between gasoline content regulation and the compliance behavior of refineries. We find that in areas with more … stringent gasoline regulation, there was increased compliance on the part of firms. -- Clean Air Act ; compliance behavior … employ and limits their emissions based on the permits they hold. Refiners must also produce gasoline that varies in quality …

precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in … theft. -- car theft ; government regulation ; crime ; victim precaution …