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SUMMARY:Online seminar – Algorithmic pricing and competition: Empirical 
 evidence from the German retail gasoline market - Daniel Ershov\, Assistan
 t Professor\, Toulouse School of Economics
DTSTART:20211020T140000Z
DTEND:20211020T150000Z
UID:TALK166165@talks.cam.ac.uk
CONTACT:Emily Brown
DESCRIPTION:We provide the first empirical analysis of the relationship be
 tween algorithmic pricing (AP) and competition by studying the impact of a
 doption in Germany’s retail gasoline market\, where software became wide
 ly available in 2017. Because adoption dates are unknown\, we identify ado
 pting stations by testing for structural breaks in AP markers\, finding mo
 st breaks to be around the time of widespread AP introduction. Because sta
 tion adoption is endogenous\, we instrument using headquarters adoption. A
 doption increases margins\, but only for non-monopoly stations. In duopoly
  stations\, margins increase only if both stations adopt\, suggesting that
  AP has a significant effect on competition.\n\n\n
LOCATION:via zoom 
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