Price levels and movements on gasoline and diesel markets are heavily debated among consumers, policy-makers, and competition authorities alike. In this paper, we empirically investigate how and why price levels differ across gasoline stations in Germany, using eight months of data from a novel...

Frontmatter -- Vorwort -- Inhalt -- Teil I. Staatliche Prozesssteuerung versus Ordnungsgestaltung in der Marktwirtschaft -- Ordnungstheorie versus Institutionenökonomik: Unterschiede und Gemeinsamkeiten / Leschke, Martin / Thieme, H. Jörg -- Central Banks - from Overburdening to Decline? /...

This paper discusses the general characteristics of online markets from a competition theory perspective and the implications for competition policy. Three important Internet markets are analyzed in more detail: search engines, online auction platforms, and social networks. Given the high level...

In this paper we provide an empirical analysis of German casino locations. Due to the "mercantilistic background" of casinos, we assume that casinos are more likely to be found at borders and tourist areas. Although the location decision has been made in the past, we use cross-sectional data at...

Betting markets have been frequently used as a natural laboratory to test the efficient market hypothesis and to obtain insights especially for financial markets. We add to this literature in analyzing the velocity and accuracy in which market expectations adapt to an exogenous shock: the...

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...

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

We use the negotiations for large-scale open-access agreements between German research institutions and leading academic publishers to study how changes in the attractiveness of various journals affect the publication behavior of researchers in economics and adjacent fields. First, as German...