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Persistent link: https://www.econbiz.de/10011793059
Economic theory suggests that gasoline retail markets are prone to collusive behavior. Oligopoly market structures prevail, market interactions occur frequently, prices are highly transparent, and demand is rather inelastic. A recent sector inquiry in Germany backed suspicions of tacit collusion...
Persistent link: https://www.econbiz.de/10009515979
Price levels and movements on gasoline and diesel markets are heavily debated among consumers, policy-makers, and competition authorities alike. In this paper, we empirically investigate how and why price levels differ across gasoline stations in Germany, using eight months of data from a novel...
Persistent link: https://www.econbiz.de/10010471687
We use a novel data set with exact price quotes from virtually all German gasoline stations to empirically investigate how a temporary variance in local market structure - induced by restricted opening hours of specific players - affects price competition. We focus on stations selling gasoline...
Persistent link: https://www.econbiz.de/10011572420
Persistent link: https://www.econbiz.de/10012237772
Petrol prices tend to be subject to regular changes, often changing more than once a day in many countries, and the number of changes appears to increase. For example, a recent sector inquiry by Germany's competition authority has found that the number of price changes has almost tripled between...
Persistent link: https://www.econbiz.de/10013048977