Search and Stockpiling in Retail Gasoline Markets

David Byrne and Nicolas de Roos

No 1181, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This note presents some simple, direct tests for search and dynamic demand behavior in retail gasoline markets. We exploit a unique market-level dataset that allows us to directly measure search intensity with daily web traffic data from a gasoline price reporting website, and perfectly measure daily changes in price levels and dispersion. We find stark evidence of both search and stockpiling behavior.

Keywords: search; dynamic demand; retail gasoline (search for similar items in EconPapers)
JEL-codes: D8 L8 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2014
New Economics Papers: this item is included in nep-com and nep-ene
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