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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
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that...
Persistent link: https://www.econbiz.de/10011508080
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that...
Persistent link: https://www.econbiz.de/10014029874
Persistent link: https://www.econbiz.de/10003642981
Persistent link: https://www.econbiz.de/10001530466
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 …Mit dem Ziel den Wettbewerb auf dem Benzinmarkt zu erhöhen, wurde die so genannte Markttransparenzstelle für …
Persistent link: https://www.econbiz.de/10012155116
market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …
Persistent link: https://www.econbiz.de/10011553026
competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market … on outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption … competition …
Persistent link: https://www.econbiz.de/10012824575
market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …
Persistent link: https://www.econbiz.de/10012979689
competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market … outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption decisions … increase by 28% in markets where both do. These results suggest that AI adoption has a significant effect on competition. …
Persistent link: https://www.econbiz.de/10012286512