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Market transparency and consumer search—Evidence from the German retail gasoline market.

We estimate a model of incomplete information price competition where consumers endogenously choose whether to use a price search website. We examine how consumer search and prices would change under different transparency regimes. We find that aggregate consumer welfare is maximized when the price...

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Published in:RAND Journal of Economics (Wiley-Blackwell) Vol. 55; no. 4; pp. 573 - 603
Main Author: Martin, Simon
Format: Article
Published: Wiley-Blackwell Dec2024
Subjects:
Consumption (Economics)
Retail industry
Prices
Consumers
Gas prices
Online Access:View this record in EBSCOhost