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Drawing on panel data on daily fuel prices covering over 5,000 filling stations in Germany, this paper documents a change in the stations' price setting behavior following the introduction of a legally mandated online price portal in 2013. Prior to the portal, positive asymmetry is found on the...
Persistent link: https://www.econbiz.de/10012062096
An individual’s initial experiences with a common good, such as gasoline, can shape their behavior for decades. We … incomes and those in cities. Combining data on many cohorts, we then show that large increases in gasoline prices between the …
Persistent link: https://www.econbiz.de/10012035053
Drawing on the 2009 and 2017 waves of the National Household Transportation Survey, this paper models the determinants of vehicle miles traveled, with the aim of parameterizing the magnitude of the fuel price elasticity. To capture changes in this magnitude over the two years of the survey, our...
Persistent link: https://www.econbiz.de/10011903641
To increase competition in the retail market for gasoline, Germany's Federal Cartel Office established the so …
Persistent link: https://www.econbiz.de/10012155116
An individual's initial experiences with a common good, such as gasoline, can shape their behavior for decades. We … incomes and those in cities. Combining data on many cohorts, we then show that large increases in gasoline prices between the …
Persistent link: https://www.econbiz.de/10012197718
reduced-form regressions show that while the VKTs driven by gasoline cars decrease when the price of gasoline rises, their … fuel economy tends to get worse. It is unclear why this happens. Perhaps attempts to save on gasoline-cutting on solo … that seek to address environmental externalities, such as a carbon tax. …
Persistent link: https://www.econbiz.de/10012433458
resulting carbon dioxide emissions. Differences in the effects are studied for various car makes of both diesel and gasoline …
Persistent link: https://www.econbiz.de/10011975298
Improvements in cars' fuel efficiency may induce people to travel more, taking back some of the potential fuel savings. This behavior, known as the (direct) rebound effect, has received much attention in the literature. However, no consensus has been reached regarding its size or the methodology...
Persistent link: https://www.econbiz.de/10011977253
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
We explore whether non-competitive pricing prevails in Germany’s retail gasoline market by examining the influence of … the crude oil price on the retail gasoline price, focusing specifically on how this influence varies according to the …
Persistent link: https://www.econbiz.de/10010442326