| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10771 |
| DP10771 Information and Price Dispersion: Theory and Evidence | |
| Philipp Schmidt-Dengler; Nicolas Schutz; Christoph Weiss; Biliana Yontcheva | |
| 发表日期 | 2015-08-16 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We examine the relationship between information and price dispersion in the retail gasoline market. We first show that the clearinghouse models in the spirit of Stahl (1989) generate an inverted-U relationship between information and price dispersion. We construct a new measure of information based on precise commuter data from Austria. Regular commuters can freely sample gasoline prices on their commuting route, providing us with spatial variation in the share of informed consumers. We use detailed information on gas station level prices to construct price dispersion measures. Our empirical estimates of the relationship are in line with the theoretical predictions. |
| 主题 | Industrial Organization |
| 关键词 | Commuter data Price dispersion Retail gasoline Search |
| URL | https://cepr.org/publications/dp10771 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539602 |
| 推荐引用方式 GB/T 7714 | Philipp Schmidt-Dengler,Nicolas Schutz,Christoph Weiss,et al. DP10771 Information and Price Dispersion: Theory and Evidence. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
