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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 price distribution. Prices at the top of the...
Persistent link: https://www.econbiz.de/10014313937
Persistent link: https://www.econbiz.de/10014328186
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 price distribution. Prices at the top of the...
Persistent link: https://www.econbiz.de/10014310490