Gerhard Clemenz

TL;DR: In this article, the authors used data from the Austrian retail gasoline market to find that a higher station density reduces average prices, however, this is negatively related to the density of stations, and suggest causality running from station density to price.

TL;DR: In this article, the authors consider the problem of a regulator who cannot observe the R&D expenditures of a firm devoted to reductions in the costs of production and show that price-cap regulation not only provides stronger incentives for cost reductions than does rate of return regulation, but also achieves a higher social welfare level.

TL;DR: In this paper, the authors consider the problem of a regulator who cannot observe the R&D expenditures of a firm devoted to reductions in the costs of production and show that price-cap regulation not only provides stronger incentives for cost reductions than does rate of return regulation, but also achieves a higher social welfare level.

TL;DR: In this paper, the consequences of a liberalization of shopping hours in a market where consumers collect price information through non-sequential search are analyzed and it is shown that price reductions, increases in consumer welfare and larger market shares of more efficient firms are possible.

TL;DR: In this article, the authors investigated the impact of eco-labels on the abatement of emissions in a market with horizontal product differentiation and made a distinction between an end-of-pipe approach and a clean technology approach.