Coordinate to obfuscate? The role of prior announcements of recommended prices

dc.contributor.author	Foros, Øystein
dc.contributor.author	Nguyen-Ones, Mai
dc.date.accessioned	2020-11-18T11:21:15Z
dc.date.available	2020-11-18T11:21:15Z
dc.date.issued	2020-11-18
dc.identifier.issn	1500-4066
dc.identifier.uri	https://hdl.handle.net/11250/2688461
dc.description.abstract	Firms may want to coordinate industry-wide price jumps that are predictable for rivals, however, unpredictable for consumers. We show how such coordination is carried out in Norwegian gasoline retailing. Overnight, the market leader initiated an equilibrium transition from regular to non-regular price jumps. Prior announcements of a non-transaction price variable, recommended prices, are used to coordinate the timing and the level of industry-wide price jumps.	en_US
dc.language.iso	eng	en_US
dc.publisher	FOR	en_US
dc.relation.ispartofseries	Discussion paper;14/20
dc.subject	Price coordination	en_US
dc.subject	consumer obfuscation	en_US
dc.subject	prior announcements	en_US
dc.title	Coordinate to obfuscate? The role of prior announcements of recommended prices	en_US
dc.type	Working paper	en_US
dc.source.pagenumber	8	en_US