Retail Policies in the Global Gasoline Market

Retail Policies and Competition in the Gasoline Industry

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Price Controls and Market Structure: Evidence From Gasoline Retail Markets

In this paper we study the effect of price floor regulations on the organization and performance of markets. The standard interpretation of the effects of these policies is concerned with short-run market distortions associated with excess supply. Since price controls prevent markets from clearing, they lead to higher prices. While this analysis may be correct in the short-run, it does not cons...

Pricing in Retail Gasoline Markets

Spatial Competition in the Retail Gasoline Market: An Equilibrium Approach Using SAR Models∗

This paper investigates the nature of competition in the retail gasoline market using a two year panel data of weekly prices for gas stations in San Diego county. The primary dimension of product differentiation in the retail gasoline market is spatial in the sense that a gas station’s market power depends on the locations of all other gas stations. In contrast to previous empirical studies, I ...

Dynamic pricing in retail gasoline markets

world, all available information is used, price wars never happen, and the collusive constraint is always binding. This cannot be taken as a serious description of the world of gasoline retailing. It is plausible, however, that station operators, for example, recognize that reducing their own prices induces price cutting at rival stations. They also might reasonably expect that once price cutti...