| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15823 |
| DP15823 Price Matching Guarantees and Collusion: Theory and Evidence from Germany | |
| Luis Cabral; Niklas Duerr; Dominik Schober; Oliver Woll | |
| 发表日期 | 2021-02-16 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | On May 27, 2015, the Shell network of gas stations in Germany introduced a Price Matching Guarantee (PMG) available to its card-carrying members. In the ensuing weeks, a series of attempts at tacit collusion took place, typically with stations increasing prices at around 12 noon by 3 cents. In this paper, we argue that the juxtaposition of these two events is not a mere coincidence. We first present a theoretical model to argue that a PMG can be a collusion enacting practice. We then test various predictions of our theoretical model. Our source of identification is geographical variation in the presence of Shell stations (the chain that enacted the PMG) as well consumer demographics. Our empirical tests are consistent with the theoretical predictions, showing effects that are both statistically and economically significant. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp15823 |
| 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/544822 |
| 推荐引用方式 GB/T 7714 | Luis Cabral,Niklas Duerr,Dominik Schober,et al. DP15823 Price Matching Guarantees and Collusion: Theory and Evidence from Germany. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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