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Author : Demet Yilmazkuday
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (957 download)
Download or read book Understanding Gasoline Price Dispersion written by Demet Yilmazkuday and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael D. Noel
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Gasoline Price Dispersion and Consumer Search written by Michael D. Noel and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The vast majority of empirical studies examining the link between consumer search and price dispersion focus on how changes in consumer search impact price dispersion. This article does the reverse--it examines how a shock to price dispersion impacts consumer search. A direct measure of search is used and an exogenous shock to price dispersion is found in a refinery fire that caused decades-old retail gasoline price cycles, and the nonlinear high-frequency price dispersion pattern generated by them, to stop. Identifying effects from this shock, the results show a substantial response of consumer search to changes in price dispersion.
Author : Ambarish Chandra
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (129 download)
Download or read book Consumer Search and Dynamic Price Dispersion written by Ambarish Chandra and published by . This book was released on 2011 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the role of imperfect information in explaining price dispersion. We use a new panel dataset on the U.S. retail gasoline industry, and propose a new test of temporal price dispersion to establish the importance of consumer search. We show that price rankings vary significantly over time; however, they are more stable among stations at the same street intersection. We establish the equilibrium relationships between price dispersion and key variables from consumer search models. Price dispersion increases with the number of firms in the market, decreases with the production cost and increases with search costs.
Author : Anna Olga Smolnik
Publisher : Cuvillier Verlag
ISBN 13 : 3736984669
Total Pages : 124 pages
Book Rating : 4.7/5 (369 download)
Download or read book Essays on Market Response to Changes in Costs and Price Transparency written by Anna Olga Smolnik and published by Cuvillier Verlag. This book was released on 2017-01-25 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dissertation consists of three empirical studies and takes a closer look at price fluctuations using German gasoline prices as an example for a homogenous good. It analyzes consumers’ reaction to price fluctuations and respectively the pricing behavior of firms. The first paper, which was developed with co-authorship, explores consumers’ online price search effects on the pricing behavior of firms (gasoline price level and price dispersion). As regulators have recently implemented a mechanism for reporting all price changes to a central data base, the core assumption of this price reporting scheme is that the increase in price transparency will lead to a decline in the price level and a reduction in price dispersion. The second study addresses the question whether German gas stations adjust their retail prices asymmetrically in response to crude oil price changes, i.e., whether gas stations react quicker to crude oil price increases than to crude oil price decreases. The third study aims to analyze whether consumers react more strongly to gasoline price increases or to price decreases when considering buying a new vehicle.
Author : Justus Haucap
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (981 download)
Download or read book Price Dispersion and Station Heterogeneity on German Retail Gasoline Markets written by Justus Haucap and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John Lane Lucier
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (439 download)
Download or read book Price Dispersion, Spatial Competition, and Product Bundling written by John Lane Lucier and published by . This book was released on 1999 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dieter Pennerstorfer
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Information and Price Dispersion written by Dieter Pennerstorfer and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Limited information is the key element generating price dispersion in models of homogeneous-goods markets. We show that the global relationship between information and price dispersion is an inverse-U shape. We test this mechanism for the retail gasoline market using a new measure of information based on commuter data from Austria. Commuters sample gasoline prices on their commuting route, providing us with spatial variation in the share of informed consumers. Our empirical estimates are in line with the theoretical predictions. We also quantify how information affects average prices paid and the distribution of surplus in the gasoline market.
Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422300527
Total Pages : 62 pages
Book Rating : 4.3/5 (5 download)
Download or read book Motor Fuels written by and published by DIANE Publishing. This book was released on 2005-09 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This primer will help improve public understanding of the major factors that influence the U.S. price of gasoline & the challenges facing the U.S. on issues related to gasoline supply, demand, & prices. This primer presents information on the factors that influence the price of gasoline &, to the extent possible, why those factors have developed. Specifically, it explains how gasoline is made & distributed, what consumers pay for in a gallon of gasoline, why gasoline prices change over time, & why gasoline prices vary from place to place. The information is presented in a question-&-answer format & is written for a nontechnical audience. Charts, tables & graphs.
Author :
Publisher : DIANE Publishing
ISBN 13 : 1428950044
Total Pages : 166 pages
Book Rating : 4.4/5 (289 download)
Download or read book Gasoline price changes the dynamic of supply, demand, and competition. written by and published by DIANE Publishing. This book was released on 2005 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mitsukuni Nishida
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)
Download or read book Search, Price Dispersion, and Local Competition written by Mitsukuni Nishida and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher : DIANE Publishing
ISBN 13 : 1428952497
Total Pages : 222 pages
Book Rating : 4.4/5 (289 download)
Download or read book The Federal Trade Commission Investigation of Gasoline Price Manipulation and Post-Katrina Gasoline Price Increases: A Commission Report to Congress (Spring 2006) written by and published by DIANE Publishing. This book was released on with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mariano Emilio Tappata
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (124 download)
Download or read book Consumer Search, Price Dispersion, and Asymmetric Pricing written by Mariano Emilio Tappata and published by . This book was released on 2006 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Chapter I, I explore the theoretical implications of consumer search on price dynamics. Previous empirical work established that in most markets "prices rise like rockets but fall like feathers." I show that a model with competitive firms and rational partially-informed consumers can generate such asymmetric response to costs by firms. In contrast to public opinion and past work, collusion is not necessary to explain such stylized fact.
Author : Matthew S. Lewis
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Price Dispersion and Competition with Differentiated Sellers written by Matthew S. Lewis and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I measure price dispersion among differentiated retail gasoline sellers and study the relationship between dispersion and the local competitive environment. Significant price dispersion exists even after controlling for differences in station characteristics, and price differences between sellers change frequently. The extent of price dispersion is related to the density of local competition, but this relationship varies significantly depending on the type of seller and the composition of its competitors. These findings are consistent with interactions between seller and consumer heterogeneity that are not well understood in the existing price dispersion literature.
Author :
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.3/5 (121 download)
Download or read book Understanding Natural Gas Price Decontrol written by and published by . This book was released on 1983 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Senate. Committee on Banking and Currency
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.A/5 ( download)
Download or read book Preliminary Analysis of the Gasoline Price Increases ... written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lutz Kilian
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (136 download)
Download or read book Heterogeneity in the Pass-through from Oil to Gasoline Prices written by Lutz Kilian and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences across U.S. states in the pass-through of oil price shocks to retail gasoline prices. We show that these differences are primarily driven by the cost of producing and distributing gasoline, which varies with states’ access to oil and gasoline transportation infrastructure, refinery technology, and environmental regulations, creating cross-sectional gasoline price shocks in response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity has declined in absolute value to near zero since the 1980s. The elasticity was stable near -0.3 until the end of 2014. It rose to about -0.2 in 2015-16, but has remained stable since 2016. Gasoline demand is more responsive in states with lower personal income, higher unemployment rates and lower urban population shares. There is no evidence for an asymmetry in the elasticity with respect to positive and negative gasoline price shocks. We illustrate how these elasticity estimates inform the recent policy debate about the impact of gasoline tax holidays on consumers’ discretionary income, about the demand destruction from the spike in gasoline prices after the in out the impact of rising gasoline prices on carbon emissions.
Author : Mr.Kangni R Kpodar
Publisher : International Monetary Fund
ISBN 13 : 1475567774
Total Pages : 32 pages
Book Rating : 4.4/5 (755 download)
Download or read book Dynamic Fuel Price Pass-Through written by Mr.Kangni R Kpodar and published by International Monetary Fund. This book was released on 2017-01-18 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on monthly retail fuel prices for 162 countries. The impulse response functions suggest that on average, a one cent increase in crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after the shock. However, the estimates vary significantly across country groups, ranging from about 0.5 cent in MENA countries to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than negative price shocks on the retail gasoline price. Finally, the paper underscores the importance of the new dataset in refining estimates of the fiscal cost of incomplete pass-through.
