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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
competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market … outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption decisions … increase by 28% in markets where both do. These results suggest that AI adoption has a significant effect on competition. …
Persistent link: https://www.econbiz.de/10012263827
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Turning the page on business formats for digital platforms : does Apple's agency model soften competition?
Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2013
The agency model used by Apple and other platform providers such as Google allows upstream firms (content providers like book publishers and developers of apps) to choose the retail prices of their products (RPM) subject to a fixed revenue-sharing rule. We show that (i) this leads to higher...
Persistent link: https://www.econbiz.de/10009786199
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Promotion ban and heterogeneity in retail prices during the great lockdown
Hindriks, Jean; Madio, Leonardo; Serse, Valerio - 2021
We study the impact of the Belgium lockdown on retail prices using a unique dataset tracking daily prices and promotions for various products in different stores and retail chains. Two distinctive features of our analysis are the ban on promotions during the first two weeks of the lockdown, and...
Persistent link: https://www.econbiz.de/10012514277
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The impact of private label introduction on assortment, prices, and profits of retailers
Ma, Meilin; Siebert, Ralph - 2021
We study how the introduction of private-label brands (PLs) affects retailers' prices, demand, and profits, explicitly accounting for assortment adjustments of national brands (NBs) in retail stores. Using a detailed dataset on the U.S. beef market, we find that, when PLs are added to the...
Persistent link: https://www.econbiz.de/10012653276
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Inside the crystal ball : new approaches to predicting the gasoline price at the pump
Baumeister, Christiane; Kilian, Lutz; Lee, Thomas - 2016
Although there is much interest in the future retail price of gasoline among consumers, industry analysts, and policymakers, it is widely believed that changes in the price of gasoline are essentially unforecastable given publicly available information. We explore several new forecasting...
Persistent link: https://www.econbiz.de/10011429580
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House prices, local demand, and retail prices
Stroebel, Johannes; Vavra, Joseph - 2015 - This draft: August 2015
We use detailed micro data to document a causal response of local retail price to changes in house prices, with elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many homeowners, and non-existent in zip codes with mostly renters....
Persistent link: https://www.econbiz.de/10011387343
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The competition between competition rules
Sinn, Hans-Werner - 1999
Open borders imply systems competition. This paper studies the implications of systems competition for the national co …
Persistent link: https://www.econbiz.de/10009781687
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Product differentiation and oligopoly : a network approach
Pellegrino, Bruno - 2023
corporations in the USA, using publicly-available data. Using the model, I compute firm-level markups and decompose them into: 1) a … extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
Persistent link: https://www.econbiz.de/10013503368
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Why do prices differ across stores? : differential competition environments and their price impacts
Klein, Gordon Jochem; Siebert, Ralph Bernd - 2024
competition environments affect product prices. Using big data, we find that price variations are caused mainly by differential … competitive environments. More specifically, we find that Brand Competition Within Stores exerts the largest downward pressure on … prices. A 10 percent increase in the number of brands reduces prices by about 10 percent. Product Competition Within Stores …
Persistent link: https://www.econbiz.de/10015065342
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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