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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/10014310490

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/10009755723

Vertical bargaining and retail competition : what drives countervailing power?

Gaudin, Germain - 2015

This paper investigates the effects of mergers, entry, and exit in retail markets when input prices are negotiated …

Persistent link: https://www.econbiz.de/10011334106

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/10011654786

Competition on the fast lane : the price structure of homogeneous retail gasoline stations

Korff, Alex Marvin - 2021

This paper studies the relationship between retail gasoline pricing strategies and potential demand. Utilising detailed data on traffic on the German Autobahn and the special case of Bundesautobahntankstellen, the interaction between demand and price competition is studied, as are the changes in...

Persistent link: https://www.econbiz.de/10012417978

Robots and the rise of European superstar firms

Stiebale, Joel; Südekum, Jens; Wößner, Nicole - 2020

We study the impact of a recent digital automation technology - industrial robotics - on the distribution of sales, productivity, markups, and profits within industries. Our empirical analysis combines data on the industry-level stock of industrial robots with firms' balance sheet data for six...

Persistent link: https://www.econbiz.de/10012250174

Price dispersion and station heterogeneity on German retail gasoline markets

Haucap, Justus; Heimeshoff, Ulrich; Siekmann, Manuel - 2015

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...

Persistent link: https://www.econbiz.de/10010471687

Spatial competition with capacity constraints and subcontracting

Hunold, Matthias; Muthers, Johannes - 2018

We characterize mixed-strategy equilibria when capacity constrained suppliers can charge location-based prices to different customers. We establish an equilibrium with prices that weakly increase in the costs to supply a customer. Despite prices above costs and excess capacities, each supplier...

Persistent link: https://www.econbiz.de/10011916087

Competition, collusion and spatial sales patterns : theory and evidence

Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2018

This article studies competition in markets with transport costs and capacity constraints. We compare the outcomes of price competition and coordination in a theoretical model and find that when firms compete, they more often serve more distant customers who are closer to the competitor's plant....

Persistent link: https://www.econbiz.de/10011906924

Local market structure and consumer prices : evidence from a retail merger

Rickert, Dennis; Schain, Jan Philip; Stiebale, Joel - 2018

This paper analyzes the effects of a merger between a German supermarket chain and a soft discounter on consumer prices. We exploit geographic variation in prices within retail chains and brands and use a difference-in-differences estimator to compare regional markets with a change in market...

Persistent link: https://www.econbiz.de/10011781038