Selling gasoline as a by-product: The impact of market structure on local prices

Arbeitspapier

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 focus on stations selling gasoline as a by-product and find that, during their exogenously determined hours of opening, they have a significant negative price effect on nearby major-brand competitors. Applying a difference-in-difference framework with hourly average prices, our findings explicitly account for counterfactual market scenarios.

Angaben zum Objekt

• ISBN: 978-3-86304-239-4
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: DICE Discussion Paper ; No. 240

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Mining, Extraction, and Refining: Hydrocarbon Fuels
• Thema: Gasoline Markets ; Intraday Pricing ; Supermarkets ; Difference-in-Difference

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Haucap, Justus ; Heimeshoff, Ulrich ; Siekmann, Manuel
• Ereignis: Veröffentlichung
• (wer): Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
• (wo): Düsseldorf
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/148401
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ