Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106709
Authors: 
Haucap, Justus
Heimeshoff, Ulrich
Siekmann, Manuel
Year of Publication: 
2015
Series/Report no.: 
DICE Discussion Paper 171
Abstract: 
Price levels and movements on gasoline and diesel markets are heavily debated among consumers, policy-makers, and competition authorities alike. In this paper, we empirically investigate how and why price levels differ across gasoline stations in Germany, using eight months of data from a novel panel data set including price quotes from virtually all German stations. Our analysis specifically explores the role of station heterogeneity in explaining price differences across gasoline stations. Key determinants of price levels across fuel types are found to be ex-refinery prices as key input costs, a station's location on roads or highway service areas, and brand recognition. A lower number of station-specific services implies lower fuel price levels, so does a more heterogeneous local competitive environment.
Subjects: 
Gasoline Pricing
Price Dispersion
Fuel Prices
Gasoline Stations
JEL: 
L11
L71
ISBN: 
978-3-86304-170-0
Document Type: 
Working Paper

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