Prices and consumer information: the benefits from posting retail gasoline prices
Book
·
OSTI ID:6484615
Several major cities in the United States prohibit the posting of retail prices of gasoline on signs visible to passing motorists. Maurizi and Kelly test a sample of fourteen US cities and find that where price posting is more intense, retail prices are lower, with the greatest impact among major brand stations. Manufacturers' advertising appears to stimulate competition by creating product identifiability and simplifying consumer search. Alex Maurizi is a research scientist with Battelle Memorial Institute in Seattle. Thom Kelly is an economist with the Energy Resources Conservation and Development Commission in Sacramento.
- OSTI ID:
- 6484615
- Country of Publication:
- United States
- Language:
- English
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