Arbeitspapier
Increased market transparency in Germany's gasoline market: What about rockets and feathers?
Drawing on panel data on daily fuel prices covering over 5,000 filling stations in Germany, this paper documents a change in the stations' price setting behavior following the introduction of a legally mandated online price portal in 2013. Prior to the portal, positive asymmetry is found on the basis of error correction models, with prices following the "rockets and feathers" pattern that is typically found for fuels. In the aftermath of the portal, by contrast, negative asymmetry is observed: fuel price decreases in response to refinery price decreases are stronger than fuel price increases due to refinery price increases.
- ISBN
-
978-3-86788-939-1
- Sprache
-
Englisch
- Erschienen in
-
Series: Ruhr Economic Papers ; No. 810
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Energy: Demand and Supply; Prices
- Thema
-
retail markets
competition
error correction model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Frondel, Manuel
Horvath, Marco
Vance, Colin
Kihm, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
RWI - Leibniz-Institut für Wirtschaftsforschung
- (wo)
-
Essen
- (wann)
-
2019
- DOI
-
doi:10.4419/86788939
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Frondel, Manuel
- Horvath, Marco
- Vance, Colin
- Kihm, Alexander
- RWI - Leibniz-Institut für Wirtschaftsforschung
Entstanden
- 2019
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