Consumer Search in Retail Gasoline Markets |
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| Authors: | David P Byrne Nicolas de Roos |
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| Institution: | 1. Department of Economics, The University of Melbourne, FBE Building, Melbourne, Victoria, Australia;2. School of Economics, The University of Sydney, Merewether Building, Sydney, New South Wales, Australia |
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| Abstract: | This paper develops direct tests for search behavior in retail gasoline markets. We exploit a unique market‐level dataset that allows us to directly measure search intensity with daily web traffic data from a gasoline price reporting website and perfectly measure daily changes in price levels and dispersion. Our simple yet powerful tests provide strong evidence of both cross‐sectional and intertemporal price search. |
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