Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/148401 
Year of Publication: 
2016
Series/Report no.: 
DICE Discussion Paper No. 240
Publisher: 
Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), Düsseldorf
Abstract: 
We use a novel data set with exact price quotes from virtually all German gasoline stations to empirically investigate how a temporary variance in local market structure - induced by restricted opening hours of specific players - affects price competition. We focus on stations selling gasoline as a by-product and find that, during their exogenously determined hours of opening, they have a significant negative price effect on nearby major-brand competitors. Applying a difference-in-difference framework with hourly average prices, our findings explicitly account for counterfactual market scenarios.
Subjects: 
Gasoline Markets
Intraday Pricing
Supermarkets
Difference-in-Difference
JEL: 
L11
L71
ISBN: 
978-3-86304-239-4
Document Type: 
Working Paper

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