Retail Price Cycles and Response Asymmetry

By Andrew Eckert. 2002

177 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

View Paper: https://www.semanticscholar.org/paper/406070c4095ba62308ac20c517c11ddf0cfb9416

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Marketing

Citations in the corpus

Asymmetric Error Correction Models for the Oil-Gasoline Price Relationship (2005, unknown): “6 Weekly retail gasoline prices in Windsor, Ontario, fr m 1989 to 1994 are analyzed by Eckert (2002).”
Collusion with Asymmetric Retailers: Evidence from a Gasoline Price-Fixing Case (2013, result): “The literature documenting the existence of Edgeworth Cycles in gasoline markets is also related to our findings (see in particular Eckert (2002) and Noel (2007a)).”
Excess Capacity and Pricing in Bertrand-Edgeworth Markets: Experimental Evidence (2013, background): “In terms of empirical studies using field data, various studies have looked at Edgeworth cycles in industries such as retail gasoline markets: Eckert (2002), Noel (2007a,b), Foros and Steen (2008), Wang (2009) and Doyle et al. (2010).”
Econometric models of asymmetric price transmission (2007, unknown): “Eckert (2002) investigates the response of weekly retail gasoline prices to wholesale prices in Ontario, Canada, from November 1989 to September 1994.”
Search with learning: understanding asymmetric price adjustments (2008, background): “When a positive cost shock occurs, all the searchers immediately learn the true state; the search intensity, and hence the prices, fully adjust in the next period.”
EMPIRICAL STUDIES OF GASOLINE RETAILING: A GUIDE TO THE LITERATURE (2013, unknown): “Eckert (2003) relaxes the tie-breaking rule when firms match price, and found that existence of the focal price equilibrium and the nature of the Edgeworth cycle equilibrium are sensitive to the tie breaking rule.”
Edgeworth Price Cycles: Evidence from the Toronto Retail Gasoline Market (2007, unknown): “E(vertical asymmetry) = −(1− γ)α (1− γU )αU (7)”
Retail Gasoline Pricing: What Do We Know? (2008, background): “Eckert and West (2003) suggests several possibilities, including: looking for asymmetry in the distribution of the length of “price runs”(43) and looking at the number of periods with little or no change in retail price (or margin).”
Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Market (2011, methodology): “In addition, Equation (6) allows for examination of response asymmetries between positive or negative changes within either high or low margin periods.”