Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/161673 
Autor:innen: 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
DICE Discussion Paper No. 252
Verlag: 
Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), Düsseldorf
Zusammenfassung: 
Edgeworth cycles represent the leading concept to explain observed pricing patterns on retail gasoline markets and have been subject to numerous empirical investigations on an interday level. In this paper, I present unique evidence of the presence, causes, and price effects of intraday Edgeworth-type cycles for an entire OECD country, using high-frequency price data from German gasoline stations. I find vast evidence of intraday cycles across municipalities in Germany. Cycle asymmetry and intensity is stronger in more concentrated markets and decreases with a higher share of non-major brands. My analysis suggests that intraday cycles are a sign of competition with a price decreasing effect during evening hours, where consumers conscious of their purchase timing can benefit most.
Schlagwörter: 
Gasoline Markets
Fuel Prices
Edgeworth Cycles
Intraday Pricing
JEL: 
L11
L71
ISBN: 
978-3-86304-251-6
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
780.25 kB





Publikationen in EconStor sind urheberrechtlich geschützt.