Vollkommene Konkurrenz auf Märkten ist dadurch charakterisiert, dass die Handlungen einzelner Wirtschaftssubjekte für alle anderen Wirtschaftssubjekte irrelevant sind. Jeder Einzelne kann das Gesamtergebnis (z.B. die Preise) auf einem Markt nicht unmittelbar beeinflussen; im Begriff des...

This article investigates the relationship between income inequality and firms' locations and product choices. Using detailed information on income at a regionally disaggregated level and individual data on Austrian restaurants, we demonstrate that firm conduct crucially depends on the...

We investigate how consumer information affects price adjustment in the Austrian retail gasoline market. Our measure of consumer information is obtained from detailed census data on commuting behavior, as commuters can freely sample prices on their commuting route and are thus better informed...

This article investigates the relationship between income inequality and firms' locations and product choices. Using detailed information on income at a regionally disaggregated level and individual data on Austrian restaurants, we demonstrate that firm conduct crucially depends on the...

Temporary price reductions (sales) as a means of promotion have become an increasingly important tool in the marketing mix of food retailers around the world. This paper investigates the retailers' pricing strategy by explicitly accounting for the multi-product nature of retailing. We find that...