change in retail concentration. In contrast, we estimate price declines in regions that did not experience a rise in …

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 …

-at-pump prices, but no evidence in the short-run dynamics. Furthermore, the fact that firms adopt a uniform price cycle within the …, evidence of rockets and feathers is found for the pre-tacit collusion sample but not after firms adopt a uniform price cycle …

digital goods and services in the consumer price index (CPI) basket. Then we discuss indirect channels related to automation … and cost reduction as well as competition and markup. We also review the rise of e-commerce and how it can affect price …

We examine the price discovery process of initial public offerings (IPOs) from the offer price to the first day’s open … price. Stock exchanges have made major changes to the IPO preopening process, and introduced an open auction process in … which all investors are able to enter orders and participate in price discovery. The time spent in preopening has increased …

mainly of the price of an intermediate good produced locally by a privately-owned firm. We show that the real output of the … final good chosen by the insider as well as the price of the intermediate good set by the privately-owned firm are both … price and the stock pricing rule. Besides, when compared to Jain and Mirman (2000) and (2002), this two-tier real market …