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Persistent link: https://www.econbiz.de/10012320570
switch between petrol (gasoline) and ethanol, we also account for fuel choice, which increases the cost of the program …
Persistent link: https://www.econbiz.de/10011109735
Die starken Preissteigerungen für Benzin in den letzten 2 Jahren sind häufig auf mangelnden Wettbewerb zurückgeführt worden. Die These wird überprüft, indem die Wettbewerbsstruktur bei Tankstellen und deren Vorleistungsbeziehungen dargestellt werden und ökonometrische Schätzungen über...
Persistent link: https://www.econbiz.de/10011477112
We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substitutability (edges). We also locate consumers into this network, so that the location of each consumer (node) corresponds to her "ideal" variety....
Persistent link: https://www.econbiz.de/10011548095
This paper investigates the importance of network effects in the demand for ethanol-compatible vehicles and the supply … of ethanol fuel retailers. An indirect network effect, or positive feedback loop, arises in this context due to spatially …-dependent complementarities in the availability of ethanol fuel and the installed base of ethanol-compatible vehicles. Marketers and social …
Persistent link: https://www.econbiz.de/10008673517
We consider a duopoly with horizontally differentiated firms, where firms decide the long-term plans (locations) in addition to short-term issues (prices). As in Bárcena-Ruiz and Casado-Izaga (2014), we introduce a third entity in the city by considering the presence of a policymaker that...
Persistent link: https://www.econbiz.de/10011086648
We survey the recent empirical literature on structural models of market entry and spatial competition in oligopoly retail industries. We start with the description of a framework that encompasses various models that have been estimated in empirical applications. We use this framework to discuss...
Persistent link: https://www.econbiz.de/10012980293
We investigate whether car buyers are myopic about future fuel costs. We estimate the effect of gasoline prices on …-to-pay to the associated changes in expected future gasoline costs for cars of different fuel economies in order to calculate …
Persistent link: https://www.econbiz.de/10010604494
A central question in the analysis of fuel-economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short-run equilibrium effects of an exogenous restatement of...
Persistent link: https://www.econbiz.de/10012052762
identification strategy to estimate the effect of the price of gasoline on individual vehicle model sales. We control for unobserved … vehicle and consumer characteristics by using within model year changes in the price of gasoline and sales. We find a … significant sales response, suggesting that the gasoline price increase from 2002 to 2007 explains nearly half of the decline in …
Persistent link: https://www.econbiz.de/10008534477