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The heterogeneous effects of entry on prices

Fischer, Kai; Martin, Simon; Schmidt-Dengler, Philipp - 2023

We study the effect of entry on the price distribution in the German retail gasoline market. Exploiting more than 700 … entries over five years in an event study design, we find that entry causes a persistent first-order stochastic shift in the … to 12% of stations' gross margins. Consumers with easy access to information on prices gain the most from entry. The …

Persistent link: https://www.econbiz.de/10014313937

Econometric analysis of productivity with measurement error: Empirical application to the US Railroad industry

Coublucq, Daniel - 2013

This paper analyzes the productivity in the US rail industry for the period 1980 - 2006. I propose a value-added production framework to circumvent the problem of measurement error in one input. I find evidence showing that aggregate productivity gains can be attributed to returns to scale and...

Persistent link: https://www.econbiz.de/10010314589

Vertical bargaining and retail competition: What drives countervailing power?

Gaudin, Germain - 2017

This paper investigates the effects of changes in retail market concentration when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether...

Persistent link: https://www.econbiz.de/10011655165

Getting beer during commercials: adverse effects of ad-avoidance

Stühmeier, Torben; Wenzel, Tobias - 2010

to advertising decreases revenues and entry in the free-to-air regime. In contrast, in the pay-TV regime, lower income …

Persistent link: https://www.econbiz.de/10010302572

Price-dependent demand in spatial models

Gu, Yiquan; Wenzel, Tobias - 2012

not too convex. As in the case of unit demand, the number of firms under free entry decreases in the fixed cost of entry … optimal level. Insufficient entry occurs when the fixed and transportation costs are high. …

Persistent link: https://www.econbiz.de/10010307912

Full versus partial collusion among brands and private label producers

Hasnas, Irina; Wey, Christian - 2015

We analyze the incentives to collude when brand manufacturers compete with a private label producer of inferior quality. Full collusion is easier to sustain than partial collusion from the brands.perspective when horizontal differentiation is large and vertical differentiation is small. The...

Persistent link: https://www.econbiz.de/10011291846

Pass-through, vertical contracts, and bargains

Gaudin, Germain - 2015

This paper analyzes the determinants of pass-through that are specific to vertical relationships between wholesalers and retailers. Fluctuations in input costs (due to, e.g., exchange rate shocks) are transmitted first to the wholesale price, and then to the retail price. The type of vertical...

Persistent link: https://www.econbiz.de/10011381926

Higher prices, higher quality? Evidence from German nursing homes

Herr, Annika; Hottenrott, Hanna - 2016

Objectives: This study investigates the relationship between prices and quality of 7,400 German nursing homes controlling for income, nursing home density, demographics, labour market characteristics, and infrastructure at the regional level. Method: We use a cross section of public quality...

Persistent link: https://www.econbiz.de/10011412260

Output commitment through product bundling: Experimental evidence

Hinloopen, Jeroen; Müller, Wieland; Normann, Hans-Theo - 2013

We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always bundles, (ii) never bundles, and (iii) chooses whether...

Persistent link: https://www.econbiz.de/10010327201

Selling gasoline as a by-product: The impact of market structure on local prices

Haucap, Justus; Heimeshoff, Ulrich; Siekmann, Manuel - 2016

We use a novel data set with exact price quotes from virtually all German gasoline stations to empirically investigate how a temporary variance in local market structure - induced by restricted opening hours of specific players - affects price competition. We focus on stations selling gasoline...

Persistent link: https://www.econbiz.de/10011572558