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Persistent link: https://www.econbiz.de/10009719810
In a paper in the March 2004 AER, Justine Hastings concludes that the acquisition of an independent gasoline retailer, Thrifty, by a vertically integrated firm, ARCO, is associated with sizable price increases at competing stations. To better understand the novel mechanism to which she...
Persistent link: https://www.econbiz.de/10012728997
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...
Persistent link: https://www.econbiz.de/10012824575
This article studies dynamic pricing strategies in the Italian gasoline market before and after the market leader unilaterally announced its commitment to adopt a sticky-pricing policy. Using daily Italian firm level prices and weekly average EU prices, we show that the effect of the new policy...
Persistent link: https://www.econbiz.de/10009777053
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...
Persistent link: https://www.econbiz.de/10012286512
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...
Persistent link: https://www.econbiz.de/10012263827
A firm's strategy typically is defined in terms of its position in the industry or landscape that operates in and the competitive advantage of the firm on that landscape. This competitive advantage, in turn, derives from a combination of assets (what the firm owns) and capabilities (how the firm...
Persistent link: https://www.econbiz.de/10010387179
In this paper, I investigate the effect of the takeover of a Slovak petroleum firm on its price setting mechanism. In … and controlled by managers, only negative changes in input prices were reflected in the output price. After the takeover … before takeover the composite input costs and competitors’ prices have very little (or no) impact on fuel price. After …
Persistent link: https://www.econbiz.de/10014201456
In this paper, I investigate the effect of the takeover of a Slovak petroleum firm on its price setting mechanism. In … and controlled by managers, only negative changes in input prices were reflected in the output price. After the takeover … before takeover the composite input costs and competitors' prices have very little (or no) impact on fuel price. After …
Persistent link: https://www.econbiz.de/10014083306
Marathon-Ashland Petroleum's (MAP) 1999 acquisition of the Michigan assets of Ultramar Diamond Shamrock (UDS) increased MAP's share of terminal storage in Michigan from about 16 percent to about 25 percent and increased the share of gasoline stations bearing a MAP brand from about 16 percent to...
Persistent link: https://www.econbiz.de/10012732082