| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12813 |
| DP12813 Search and Equilibrium Prices: Theory and Evidence from Retail Diesel | |
| Luis Cabral; Dominik Schober; Oliver Woll | |
| 发表日期 | 2018-03-23 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We examine the relation between consumer search and equilibrium prices when collusion in endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power) or when there are many searchers (and sellers opt to collude). We test this prediction with diesel retail prices in Dortmund, Germany. We estimate a U-shaped relation with statistical precision and a Euro .025/liter price variation due to the variation in the measure of searchers. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp12813 |
| 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/541623 |
| 推荐引用方式 GB/T 7714 | Luis Cabral,Dominik Schober,Oliver Woll. DP12813 Search and Equilibrium Prices: Theory and Evidence from Retail Diesel. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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