Do pump prices really follow Edgeworth cycles? Evidence from the German retail fuel market
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Varian, Hal R, 1980. "A Model of Sales," American Economic Review, American Economic Association, vol. 70(4), pages 651-659, September.
- Justus Haucap & Ulrich Heimeshoff & Christiane Kehder & Johannes Odenkirchen & Susanne Thorwarth, 2017. "Auswirkungen der Markttransparenzstelle für Kraftstoffe [The Effects of the Market Transparency Unit for Fuels in Germany]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 97(10), pages 721-726, October.
- Michael Noel, 2009. "Do retail gasoline prices respond asymmetrically to cost shocks? The influence of Edgeworth Cycles," RAND Journal of Economics, RAND Corporation, vol. 40(3), pages 582-595, September.
- Michael D. Noel, 2007. "Edgeworth Price Cycles: Evidence From The Toronto Retail Gasoline Market," Journal of Industrial Economics, Wiley Blackwell, vol. 55(1), pages 69-92, March.
- Michael D. Noel, 2008. "Edgeworth Price Cycles and Focal Prices: Computational Dynamic Markov Equilibria," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 17(2), pages 345-377, June.
- David P. Byrne & Nicolas de Roos, 2019. "Learning to Coordinate: A Study in Retail Gasoline," American Economic Review, American Economic Association, vol. 109(2), pages 591-619, February.
- Melissa Linder, 2018. "Price cycles in the German retail gasoline market - Competition or collusion?," Economics Bulletin, AccessEcon, vol. 38(1), pages 593-602.
- Maskin, Eric & Tirole, Jean, 1988. "A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles," Econometrica, Econometric Society, vol. 56(3), pages 571-599, May.
- Bacon, Robert W., 1991. "Rockets and feathers: the asymmetric speed of adjustment of UK retail gasoline prices to cost changes," Energy Economics, Elsevier, vol. 13(3), pages 211-218, July.
- Øystein Foros & Frode Steen, 2013. "Vertical Control and Price Cycles in Gasoline Retailing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 115(3), pages 640-661, July.
- Eckert, Andrew & West, Douglas S, 2004. "Retail Gasoline Price Cycles across Spatially Dispersed Gasoline Stations," Journal of Law and Economics, University of Chicago Press, vol. 47(1), pages 245-273, April.
- Siekmann, Manuel, 2017. "Characteristics, causes, and price effects: Empirical evidence of intraday Edgeworth cycles," DICE Discussion Papers 252, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Michael D. Noel, 2011. "Edgeworth price cycles," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
- Noel, Michael D., 2015. "Do Edgeworth price cycles lead to higher or lower prices?," International Journal of Industrial Organization, Elsevier, vol. 42(C), pages 81-93.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Arezoo Ghazanfari & Armin Razmjoo, 2022. "The Effect of Market Isolation on Competitive Behavior in Retail Petrol Markets," Sustainability, MDPI, vol. 14(13), pages 1-33, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wein, Thomas, 2021. "Why abandoning the paradise? Stations incentives to reduce gasoline prices at first," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242362, Verein für Socialpolitik / German Economic Association.
- Michael D. Noel, 2019. "Calendar synchronization of gasoline price increases," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 28(2), pages 355-370, April.
- Hurtado, Carlos & González, Julia, 2024. "Price differences within retail gasoline markets," Energy Economics, Elsevier, vol. 133(C).
- Thomas Wein, 2021. "Why Abandon the Paradise? Stations’ Incentives to Reduce Gasoline Prices at First," Journal of Industry, Competition and Trade, Springer, vol. 21(4), pages 465-504, December.
- Noel, Michael D., 2015. "Do Edgeworth price cycles lead to higher or lower prices?," International Journal of Industrial Organization, Elsevier, vol. 42(C), pages 81-93.
- Drolsbach, Chiara Patricia & Gail, Maximilian Maurice & Klotz, Phil-Adrian, 2023. "Pass-through of temporary fuel tax reductions: Evidence from Europe," Energy Policy, Elsevier, vol. 183(C).
- Noel, Michael D. & Chu, Lanlan, 2015. "Forecasting gasoline prices in the presence of Edgeworth Price Cycles," Energy Economics, Elsevier, vol. 51(C), pages 204-214.
- Timothy Holt & Mitsuru Igami & Simon Scheidegger, 2024.
"Detecting Edgeworth Cycles,"
Journal of Law and Economics, University of Chicago Press, vol. 67(1), pages 67-102.
- Timothy Holt & Mitsuru Igami & Simon Scheidegger, 2021. "Detecting Edgeworth Cycles," Cahiers de Recherches Economiques du Département d'économie 21.16, Université de Lausanne, Faculté des HEC, Département d’économie.
- Thomas Wein, 2020. "Why abandoning the paradise? Stations incentives to reduce gasoline prices at first," Working Paper Series in Economics 394, University of Lüneburg, Institute of Economics.
- Cui, Jian & Yang, Hanfang & Wang, Yifan & Yang, Caili, 2023. "Dynamics of the gas retail market under China's price cap regulation," Energy Policy, Elsevier, vol. 174(C).
- Chiara Drolsbach & Maximilian Maurice Gail & Phil-Adrian Klotz, 2022. "Pass-through of Temporary Fuel Tax Reductions: Evidence from Europe," MAGKS Papers on Economics 202239, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Arezoo Ghazanfari & Armin Razmjoo, 2022. "The Effect of Market Isolation on Competitive Behavior in Retail Petrol Markets," Sustainability, MDPI, vol. 14(13), pages 1-33, July.
- Perdiguero, Jordi & Jiménez, Juan Luis, 2021. "Price coordination in the Spanish oil market: The monday effect," Energy Policy, Elsevier, vol. 149(C).
- Øystein Foros & Mai Nguyen-Ones & Frode Steen, 2021.
"The Effects of a Day off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 28(1), pages 49-87, January.
- Foros, Øystein & Nguyen-Ones, Mai & Frode, Steen, 2017. "The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing," Discussion Paper Series in Economics 1/2018, Norwegian School of Economics, Department of Economics.
- Foros, Øystein & Nguyen, Mai Thi & Steen, Frode, 2017. "The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing," Discussion Papers 2017/9, Norwegian School of Economics, Department of Business and Management Science.
- Steen, Frode & Foros, Øystein & Nguyen-Ones, Mai, 2017. "The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailin," CEPR Discussion Papers 12477, C.E.P.R. Discussion Papers.
- Heijnen, Pim & Soetevent, Adriaan R., 2018.
"Price competition on graphs,"
Journal of Economic Behavior & Organization, Elsevier, vol. 146(C), pages 161-179.
- Adriaan R. Soetevent, 2010. "Price Competition on Graphs," Tinbergen Institute Discussion Papers 10-126/1, Tinbergen Institute, revised 11 Aug 2011.
- Pim Heijnen & Adriaan Soetevent, 2014. "Price Competition on Graphs," Tinbergen Institute Discussion Papers 14-131/VII, Tinbergen Institute.
- Drolsbach, Chiara Patricia & Gail, Maximilian Maurice & Klotz, Phil-Adrian, 2023. "Pass-through of Temporary Fuel Tax Reductions: Evidence from Europe," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277655, Verein für Socialpolitik / German Economic Association.
- Institute of Economics, 2020. "Institut für Volkswirtschaftslehre Forschungsbericht 2019," Working Paper Series in Economics 388, University of Lüneburg, Institute of Economics.
- Oystein Foros & Frode Steen, 2008.
"Gasoline Prices Jump Up on Mondays: an Outcome of Aggressive Competition?,"
Working Paper series, University of East Anglia, Centre for Competition Policy (CCP)
2008-20, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Steen, Frode & Foros, Øystein, 2008. "Gasoline prices jump up on Mondays: An outcome of aggressive competition?," CEPR Discussion Papers 6783, C.E.P.R. Discussion Papers.
- Oystein Foros & Frode Steen, 2008. "Gasoline Prices Jump Up on Mondays: An Outcome of Aggressive Competition?," Working Papers 08-20, Centre for Competition Policy, University of East Anglia.
- Foros, Øystein & Steen, Frode, 2009. "Gasoline prices jump up on Mondays: An outcome of aggressive competition?," Discussion Papers 2009/2, Norwegian School of Economics, Department of Business and Management Science.
- Alderighi, Marco & Baudino, Marco, 2015. "The pricing behavior of Italian gas stations: Some evidence from the Cuneo retail fuel market," Energy Economics, Elsevier, vol. 50(C), pages 33-46.
- Alex Perez & Sebastian Velez-Velasquez, 2024. "Price Dispersion and Wholesale Costs Shocks in the Colombian Retail Gasoline Markets," Journal of Industry, Competition and Trade, Springer, vol. 24(1), pages 1-19, December.
More about this item
Keywords
Edgeworth price cycles; Retail gasoline; Price effects; Natural experiment; Coordination;All these keywords.
JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2019-04-08 (Energy Economics)
- NEP-REG-2019-04-08 (Regulation)
- NEP-TRE-2019-04-08 (Transport Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mar:magkse:201913. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bernd Hayo (email available below). General contact details of provider: https://edirc.repec.org/data/vamarde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.