G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15823
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
URLhttps://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.
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