Third decimal place odd prices trigger competition: evidence from the Italian retail gasoline market

被引：2
|
作者：
Alderighi, Marco [1 ,2 ]
Nicolini, Marcella [3 ]
机构：
[1] Univ Valle Aosta, Dept Econ & Polit Sci, Aosta, Italy
[2] Bocconi Univ, Dept Policy Anal & Publ Management, CERTeT, Milan, Italy
[3] Univ Pavia, Dept Econ & Management, Pavia, Italy
来源：
APPLIED ECONOMICS LETTERS | 2019年 / 26卷 / 02期
关键词：
Odd pricing; pricing grid; focal point; collusion; ENDINGS; END;
D O I：
10.1080/13504851.2018.1441502
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Recent literature shows that in the US gasoline prices are higher in locations using more odd prices (particularly those ending in five and nine digits), since they coarse the pricing grid and act as a focal collusive point. We replicate this analysis for the Italian market, obtaining the opposite result. Since the rightmost digit of the retail gasoline prices in Italy is the third and not the second decimal place, coarsening the pricing grid is not sufficient to support a collusive behaviour.
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页码：143 / 146
页数：4
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