Price Uncertainty and Market Power in Retail Gasoline: The Case of an Italian Highway

Published Online:https://doi.org/10.1287/mksc.2018.1105

References

  • Bachman J (2013) The genetically modified burrito: Chipotle tells all. Bloomberg Business (June 18), https://www.bloomberg.com/news/articles/2013-06-18/the-genetically-modified-burrito-chipotle-tells-all.Google Scholar
  • Baye MR, Morgan J, Scholten P (2006) Information, search, and price dispersion. Hendershott T, ed. Handbook of Economics and Information Systems (Elsevier, Amsterdam), 323–375.CrossrefGoogle Scholar
  • Bresnahan TF (1987) Competition and collusion in the American automobile market: The 1955 price war. J. Indust. Econom. 35(4):457–482.CrossrefGoogle Scholar
  • Chan TY, Padmanabhan V, Seetharaman P (2007) An econometric model of location and pricing in the gasoline market. J. Marketing Res. 44(4):622–635.CrossrefGoogle Scholar
  • Chandra A, Tappata M (2011) Consumer search and dynamic price dispersion: An application to gasoline markets. RAND J. Econom. 42(4) 681–704.CrossrefGoogle Scholar
  • Dickson PR, Sawyer AG (1990) The price knowledge and search of supermarket shoppers. J. Marketing 54(3) 42–53.CrossrefGoogle Scholar
  • Gauri DK, Sudhir K, Talukdar D (2008) The temporal and spatial dimensions of price search: Insights from matching household survey and purchase data. J. Marketing Res. 45(2):226–240.CrossrefGoogle Scholar
  • Gaynor M, Propper C, Seiler S (2016) Free to choose? Reform, choice and consideration sets in the English national health service. Amer. Econom. Rev. 106(11):3521–3557.CrossrefGoogle Scholar
  • Hastings J (2004) Vertical relationship and competition in retail gasoline markets: Empirical evidence from contract changes in southern California. Amer. Econom. Rev. 94(1):317–328.CrossrefGoogle Scholar
  • Hong H, Shum M (2006) Using price distributions to estimate search costs. RAND J. Econom. 37(2):257–275.CrossrefGoogle Scholar
  • Honka E (2014) Quantifying search and switching costs in the U.S. auto insurance industry. RAND J. Econom. 45(4):847–884.CrossrefGoogle Scholar
  • Houde J-F (2012) Spatial differentiation and vertical mergers in retail markets for gasoline. Amer. Econom. Rev. 102(5):2147–2182.CrossrefGoogle Scholar
  • Iyer G, Seetharaman P (2008) Too close to be similar: Product and price competition in retail gasoline markets. Quant. Marketing Econom. 6(2):205–234.CrossrefGoogle Scholar
  • McFadden DL (1989) A method of simulation moments for estimation of discrete response models without numerical integration. Econometrica 57(5):995–1026.CrossrefGoogle Scholar
  • Mehta N, Rajiv S, Srinivasan K (2003) Price uncertainty and consumer search: A structural model of consumer search formation. Marketing Sci. 22(1):58–84.LinkGoogle Scholar
  • Moraga-González JL, Sándor Z, Wildenbeest MR (2017) Prices and heterogeneous search costs. RAND J. Econom. 48(1):125–146.Google Scholar
  • Pennerstorfer D, Schmidt-Dengler P, Schutz N, Weiss C, Yontcheva B (2016) Information and price dispersion: Theory and evidence. Working paper, Austrian Institute of Economic Research and Vienna University of Economics and Business.Google Scholar
  • Rossi F (2017) Lower price or higher reward? Measuring the effect of consumers’ preferences on reward programs. Management Sci. 64(9):4451–4470.LinkGoogle Scholar
  • Rossi F, Chintagunta PK (2016) Price transparency and retail prices: Evidence from fuel price signs in the Italian highway system. J. Marketing Res. 53(3):407–423.CrossrefGoogle Scholar
  • Seiler S (2013) The impact of search costs on consumer behavior: A dynamic approach. Quant. Marketing Econom. 11(2):155–203.CrossrefGoogle Scholar
  • Sen B, Shin J, Sudhir K (2011) Demand externalities from co-location: Evidence from a natural experiment. Mimeo, Yale School of Management, New Haven, CT.Google Scholar
  • Stahl DO (1989) Oligopolistic pricing with sequential consumer search. Amer. Econom. Rev. 79(4):700–712.Google Scholar
  • Tabarelli D (2010) La rete carburanti nel 2009: Il confronto con l’Europa [The fuel network in 2009: Comparison with Europe]. Technical report, Nomisma Energia, Bologna, Italy.Google Scholar
  • Thomadsen R (2005) The effect of ownership structure on prices in geographically differentiated industries. RAND J. Econom. 36(4):908–929.Google Scholar
  • Varian HR (1980) A model of sales. Amer. Econom. Rev. 70(4):651–659.Google Scholar
  • Weitzman M (1979) Optimal search for best alternative. Econometrica 47(3):641–654.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.