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...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 55; no. 4; pp. 573 - 603 |
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| Formato: | Artículo |
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Wiley-Blackwell
Dec2024
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| Acceso en línea: | Ver este registro en EBSCOhost |