| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14162 |
| 来源ID | Working Paper 14162 |
| Edgeworth Cycles Revisited | |
| Joseph J. Doyle, Jr.; Erich Muehlegger; Krislert Samphantharak | |
| 发表日期 | 2008-07-15 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Some gasoline markets exhibit remarkable price cycles, where price spikes are followed by a string of small price declines until the next price spike. This pattern is predicted from a model of competition driven by Edgeworth cycles, as described by Maskin and Tirole. We extend the Maskin and Tirole model and empirically test its predictions with a new dataset of daily station-level prices in 115 US cities. One innovation is that we also examine cycling within cities, which allows controls for city fixed effects. Consistent with the theory, and often in contrast with previous empirical work, we find that the least and most concentrated markets are much less likely to exhibit cycling behavior; and the areas with more independent retailers that have convenience stores are more likely to cycle. We also find that the average gasoline prices are relatively unrelated to cycling behavior. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w14162 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571836 |
| 推荐引用方式 GB/T 7714 | Joseph J. Doyle, Jr.,Erich Muehlegger,Krislert Samphantharak. Edgeworth Cycles Revisited. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14162.pdf（192KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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