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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 …
Persistent link: https://www.econbiz.de/10012155116
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Market delineation is a fundamental tool in modern antitrust analysis. However, the definition of relevant markets can be very difficult in practice. This preliminary draft applies a new methodology combining a simple price correlation test with hierarchical clustering -a method known from...
Persistent link: https://www.econbiz.de/10011911873
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identical across brands, irrespective of the lag count, suggesting a high degree of competition among brands. …
Persistent link: https://www.econbiz.de/10011312581
We study competition in the German interurban bus industry two years after its liberalization in January 2013. In … of market power by incumbents – and derive several recommendations to secure effective competition in the industry. …
Persistent link: https://www.econbiz.de/10011316405
We provide an empirical assessment of the German interurban bus industry two years after its deregulation in January 2013. In addition to a general description of key developments of the industry, we use a unique route-level price data set to study both competitive interaction in general and the...
Persistent link: https://www.econbiz.de/10011316417
&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …
Persistent link: https://www.econbiz.de/10010485523
comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …
Persistent link: https://www.econbiz.de/10011443499