@article{woods2014examination,
  title = {An Examination of Edgeworth Price Cycles in the Indianapolis Retail Gasoline Market},
  author = {Jeffrey G. Woods},
  year = 2014,
  url = {https://ibimapublishing.com/articles/JRIO/2014/688538/},
  journal = {Journal of Research in Industrial Organization},
  volume = 2014 (2014),
  pages = 13,
  doi = 10.5171/2014.688538,
  abstract = {Gasoline prices in Indianapolis, Indiana are characterized by significant increases followed by gradual decreases over time.  This paper illustrates and extends a stylized graphical model of intertemporal price discrimination. Supplemented with institutional details and empirical evidence, this model explains the Edgeworth price cycle mechanism in the Indianapolis retail gasoline oligopoly.   With effective price leadership, stations can extract consumer surplus from customer groups while increasing their variable  profits.  Policy implications are discussed showing the welfare gains that can be obtained by making consumers aware of these cycles, allowing them the opportunity to re-capture some of their surplus},
  keywords = {Edgeworth Price Cycle; Intertemporal Price Discrimination; Variable Profits; Consumer Welfare},
  note = Article ID: 688538
}