Abstract
Retail gasoline markets offer an abundance of price data at the daily and, more recently, hourly level. Firms in this industry use sophisticated price strategies. Moreover, there have been a number of important recent market developments. All this makes retail gasoline a promising industry to study in order to enhance our understanding of the functioning of markets.
We focus on several previously unexplored questions: What are the effects of the increasing importance of unmanned retailing on competition? What is the role of retail price recommendations and discounts in markets with significant inter-temporal price uncertainty? And finally, does lower price uncertainty always mean less search irrespective of consumer risk preferences? This thesis provides a number of insights into these issues.
We focus on several previously unexplored questions: What are the effects of the increasing importance of unmanned retailing on competition? What is the role of retail price recommendations and discounts in markets with significant inter-temporal price uncertainty? And finally, does lower price uncertainty always mean less search irrespective of consumer risk preferences? This thesis provides a number of insights into these issues.
Original language | English |
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Qualification | Doctor of Philosophy |
Awarding Institution |
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Supervisors/Advisors |
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Award date | 30-Mar-2017 |
Place of Publication | [Groningen] |
Publisher | |
Print ISBNs | 978-90-367-9590-6 |
Electronic ISBNs | 978-90-367-9589-0 |
Publication status | Published - 2017 |