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Search intensity, search time and prices : evidence from retail diesel markets in France
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Cárdenas-Rubio, Jeisson, Otero, Jesús and Gutiérrez, Luis H. (2022) Search intensity, search time and prices : evidence from retail diesel markets in France. Quality & Quantity, 56 . pp. 4797-4807. doi:10.1007/s11135-022-01343-7 ISSN 0033-5177.
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Official URL: http://dx.doi.org/10.1007/s11135-022-01343-7
Abstract
We study the effect of price variations over time and across space on search intensity and search time by consumers in retail markets for diesel in France. The main contribution of the paper is that existing work in industrial organisation in this area has already studied the effect of such variability on the first measure of search but not on the second one. Using novel data from daily consultation measures and price information from a government-run website, we find that price dispersion across space increases search activity and the amount of time allocated to search. Furthermore, while contemporaneous price changes do not appear to influence the number of visits and time per visit to the website, several coefficients on past price changes are positive and statistically different from zero. Our results thus suggest that price dispersion and price variability play a role in inducing search by current and potential customers.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||||||
Divisions: | Faculty of Social Sciences > Institute for Employment Research | ||||||||
Library of Congress Subject Headings (LCSH): | Diesel -- Prices -- Econometric models, Diesel fuels industry -- Prices -- France, Price fixing, Pricing | ||||||||
Journal or Publication Title: | Quality & Quantity | ||||||||
Publisher: | Springer | ||||||||
ISSN: | 0033-5177 | ||||||||
Official Date: | December 2022 | ||||||||
Dates: |
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Volume: | 56 | ||||||||
Number of Pages: | 11 | ||||||||
Page Range: | pp. 4797-4807 | ||||||||
DOI: | 10.1007/s11135-022-01343-7 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||
Date of first compliant deposit: | 14 March 2022 | ||||||||
Date of first compliant Open Access: | 15 March 2022 | ||||||||
RIOXX Funder/Project Grant: |
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