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Persistent link: https://www.econbiz.de/10011443050
We investigate the welfare impact of parallel imports using a large panel data set containing monthly information on sales, ex-factory prices, and further product characteristics for all 700 anti-diabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of...
Persistent link: https://www.econbiz.de/10010339071
retailing sectors, electronics (price competition), books (no price competition), and food (no online sales), to identify the …
Persistent link: https://www.econbiz.de/10008823169
Do we have effective competition between the gasoline's big five oligopolists (Aral, Shell, Esso, Total and Jet) and fringe gasoline stations? Using 2014 Market Transparency price data from 66 cities with populations between 60,000 and 100,000, we analyze which brands lead price increases, the...
Persistent link: https://www.econbiz.de/10011487769
Exploiting exogenous variation in retail fuel prices from a temporary fuel tax discount in Germany, we estimate how the pass-through of the discount varies over space and time. We draw on daily gasoline prices of virtually all gas stations in Germany and neighboring France, with France serving...
Persistent link: https://www.econbiz.de/10014582299
I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during … market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover …, product market deregulation also matters in particular in countries that adopted an inflation targeting regime. I propose a …
Persistent link: https://www.econbiz.de/10009427173
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
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/10014314300
Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a cycle. It seems challenging to address this assumption...
Persistent link: https://www.econbiz.de/10011992354
Persistent link: https://www.econbiz.de/10012617334