How Have COVID-19 Case Rates Impacted Retail Gasoline Price Markups? Evidence From Daily Prices and Transportation Choices

نویسندگان

چکیده

Retail gasoline sales generally take place in an incredibly competitive environment with highly visible prices, many competitors, and homogeneous goods. Here, we show how price–cost margins have changed era of drastic changes to transportation choices. We find that increasing COVID-19 case rates increased firms’ market power the retail sector, effectively halving station-level price elasticity demand.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Price Controls and Market Structure: Evidence From Gasoline Retail Markets

In this paper we study the effect of price floor regulations on the organization and performance of markets. The standard interpretation of the effects of these policies is concerned with short-run market distortions associated with excess supply. Since price controls prevent markets from clearing, they lead to higher prices. While this analysis may be correct in the short-run, it does not cons...

متن کامل

Does A Low-Price Guarantee Induce Lower Prices and Bene t Consumers? Evidence from the Retail Gasoline Market

This paper revisits the traditional view that a low-price guarantee results in higher prices and facilitates collusion. I acquired accurate data on matching stores and their competitors to address the common criticism of the scant existing empirical literature that their results are highly dependent on getting the market de nitions right. Using station level data in the retail gasoline industry...

متن کامل

Price Transparency and Retail Prices

Price transparency initiatives are typically undertaken by third parties to ensure that consumers can compare the prices of competing offers in markets where obtaining such information is costly. Such practices have recently become widespread, yet it is unclear whether the increased price competition due to lower search costs overcomes the potential for collusion between competitors due to lowe...

متن کامل

Price Transparency and Retail Prices: Evidence from Fuel Price Signs in the Italian Motorway

Price transparency initiatives are typically undertaken by third parties to ensure that consumers can compare the prices of competing offers in markets where obtaining such information is costly. Such practices have recently become widespread, yet it is unclear whether the increased price competition due to lower search costs overcomes the potential for collusion between competitors due to lowe...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Energy research letters

سال: 2022

ISSN: ['2652-6433', '2652-6514']

DOI: https://doi.org/10.46557/001c.28919