Tuesday, January 30, 2018

Selling Gasoline as a By-Product: The Impact of Market Structure on Local Prices

Haucap, Justus ; Heimeshoff, Ulrich ; Siekmann, Manuel are measuring Selling Gasoline as a By-Product: The Impact of Market Structure on Local Prices.

ABSTRACT: We use a novel data set with exact price quotes from virtually all German gasoline stations to empirically investigate how a temporary variance in local market structure induced by restricted opening hours of specific players affects price competition. We find that, during their hours of opening, they have a significant negative price effect on nearby competitors.

https://lawprofessors.typepad.com/antitrustprof_blog/2018/01/selling-gasoline-as-a-by-product-the-impact-of-market-structure-on-local-prices.html

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