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Drawing on panel data on daily fuel prices covering over 5,000 filling stations in Germany, this paper documents a change in the stations' price setting behavior following the introduction of a legally mandated online price portal in 2013. Prior to the portal, positive asymmetry is found on the...
Persistent link: https://www.econbiz.de/10012062096
To increase competition in the retail market for gasoline, Germany's Federal Cartel Office established the so … margins of gas stations. We find that the MTU fostered a more intense competition, with a reduction in price margins of 1 …Mit dem Ziel den Wettbewerb auf dem Benzinmarkt zu erhöhen, wurde die so genannte Markttransparenzstelle für …
Persistent link: https://www.econbiz.de/10012155116
identical across brands, irrespective of the lag count, suggesting a high degree of competition among brands. … den fünf großen Tankstellenmarken. Dies spricht für eine sehr hohes Maß an Wettbewerb im deutschen Tankstellenmarkt. Die …
Persistent link: https://www.econbiz.de/10011312581
brand and to the degree of competition in the vicinity of the station. Our analysis identifies several factors other than …
Persistent link: https://www.econbiz.de/10010442326
threat of low-wage competition from Central and Eastern European countries is relatively high. In addition, firms paying … is high. -- Minimum wage ; product market competition ; service sector …
Persistent link: https://www.econbiz.de/10009579239
financing systems aimed at increasing the competition between universities by making their public funds dependent on their … increased competition between universities causes grade inflation. -- Grade inflation ; higher education funding ; university … competition …
Persistent link: https://www.econbiz.de/10009580237
Using a large panel data set of German manufacturing establishments, this paper investigates the impact of competition … relationship between product market competition and firms' incentives to invest in employees' general skills (Gersbach and … Schmutzler 2006). In our empirical analysis, product market competition is approximated by various measures of competition such …
Persistent link: https://www.econbiz.de/10003725752
Is secular stagnation a valid concern for Euro Area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest rate and compare it to the actual real rate. We apply our approach to twelve Euro Area countries, since...
Persistent link: https://www.econbiz.de/10011500118
This article introduces a new measure to capture safe haven flows for twelve Euro area countries. Since those flows are suspected to alter the natural rate of interest, which is at the heart of the discussion whether certain countries face a period of secular stagnation, we estimate the natural...
Persistent link: https://www.econbiz.de/10012134351
The asset purchase programme of the euro area, active between 2015 and 2018, constitutes an interesting special case of Quantitative Easing (QE) because the ECB’s Public Sector Purchase Programme (PSPP) involved the purchase of peripheral euro area government bonds, which were clearly not...
Persistent link: https://www.econbiz.de/10011994801