We investigate how consumer information affects price adjustment in the Austrian retail gasoline market. Our measure of is obtained from detailed census data on commuting behavior, as commuters can freely sample prices their route and are thus better informed about prices. A threshold error-correction model suggests that adjust more quickly if cost shocks exceed certain thresholds. Parametric s...

We investigate asymmetric price transmission (APT) in laboratory experiments and find that imperfect tacit collusion is likely the cause our otherwise frictionless markets. vary number of sellers across markets to evaluate role competition plays APT. report similar magnitudes asymmetry with 3, 4, 6, 10 sellers, but not duopolies. Furthermore, consistently set their prices above best-response le...

in trading electrical energy in deregulated power systems, violation of operation constraints such as transmission lines flow limits is possible. these conditions have been called “congestion”. one of the most important responsibility of independent system operator (iso) is congestion management in a manner that all the system equipments be operated in their nominal ranges. in this paper, usi...