Edgeworth cycles represent the leading concept to explain observed pricing patterns on retail gasoline markets and have … presence, causes, and price effects of intraday Edgeworth-type cycles for an entire OECD country, using high-frequency price … data from German gasoline stations. I find vast evidence of intraday cycles across municipalities in Germany. Cycle …

higher production with lower prices. We bring the two risk channels together towards an alternative theory of inertial prices … and cyclical markups: (i) prices exhibit inertial behaviour relative to output variation, (ii) predicted movements of … markups are in accordance with the mixed evidence of countercyclical and procyclical variations, and (iii) cyclical behaviours …

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the … sequence in which, after generally rising prices during the day, a single supplier is the first to reverse the price trend and … lower its price. For this purpose, current price reports are used to define the price reduction event down to the second …

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the … sequence in which, after generally rising prices during the day, a single supplier is the first to reverse the price trend and … lower its price. For this purpose, current price reports are used to define the price reduction event down to the second …