PRICE MATCHING AND THE DOMINO EFFECT IN A RETAIL GASOLINE MARKET
Abstract
Using gasoline station price data collected eight times per day for 103 d for 27 stations in Guelph, Ontario, it is found that, consistent with an informal theory of competitive gasoline pricing, stations set prices to match a small number of other stations. However, these matched stations are not necessarily the closest. While retailers frequently respond to price changes within 2 h, many take considerably longer. Finally, while price decreases...
Paper Details
Title
PRICE MATCHING AND THE DOMINO EFFECT IN A RETAIL GASOLINE MARKET
Published Date
Jul 1, 2009
Journal
Volume
47
Issue
3
Pages
568 - 588
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Notes
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