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. Second, we examine the effects on firms' profitability from consumers' changing search- and timing behavior. We use microdata … from gasoline retailing in Norway. Since 2004, firms have practiced an industry-wide day off from competition, starting on … conventional price search of where to buy reduces firms' profitability. In contrast, consumers who are aware of the cycle and spend …
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This paper studies the relationship between retail gasoline pricing strategies and potential demand. Utilising detailed data on traffic on the German Autobahn and the special case of Bundesautobahntankstellen, the interaction between demand and price competition is studied, as are the changes in...
Persistent link: https://www.econbiz.de/10012417978
We study a novel trade-off in market transparency regulation by estimating a structural model of the German retail gasoline market. Transparent environments enable easy price comparisons and match findings. Restricting transparency such that only the cheapest offers are shown induces firms to...
Persistent link: https://www.econbiz.de/10012268956
I examine price dispersion in retail gasoline and focus on differentiation along the service dimension: full service versus self service. Consistent with more intensive search by self-service customers, I find that price dispersion always decreases with the number of nearby self-service...
Persistent link: https://www.econbiz.de/10012943103
We estimate a structural model to uncover the degree of competition in retail gasoline markets using daily station-level data on quantity and price from the Swedish market. The structural model enables us to consider key features on both the demand and supply side that are important when...
Persistent link: https://www.econbiz.de/10012860187
Applying detailed consecutive daily micro data at the gasoline station level from Sweden we estimate a structural model to uncover the degree of competition in the gasoline retail market. We find that retailers do exercise market power, but despite the high upstream concentration, the market...
Persistent link: https://www.econbiz.de/10012921187