How Have COVID-19 Case Rates Impacted Retail Gasoline Price Markups? Evidence From Daily Prices and Transportation Choices
نویسندگان
چکیده
Retail gasoline sales generally take place in an incredibly competitive environment with highly visible prices, many competitors, and homogeneous goods. Here, we show how price–cost margins have changed era of drastic changes to transportation choices. We find that increasing COVID-19 case rates increased firms’ market power the retail sector, effectively halving station-level price elasticity demand.
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ژورنال
عنوان ژورنال: Energy research letters
سال: 2022
ISSN: ['2652-6433', '2652-6514']
DOI: https://doi.org/10.46557/001c.28919