Market power in the Argentine liquid fuels wholesale chain

María Culós, Maria Gabrielli and Marcos Herrera Gómez
Authors registered in the RePEc Author Service: Marcos Herrera Gómez

No 4554, Asociación Argentina de Economía Política: Working Papers from Asociación Argentina de Economía Política

Abstract: The liquid fuels market in Argentina is characterized by a high level of concentration, especially in local geographic areas. This paper studies the demand of the liquid fuels wholesale chain in Argentina, using the discrete choice approach, based on the premise that different firms offer differentiated goods, by virtue of the intrinsic characteristics of the good, and that such differentiation gives them the power to set prices above marginal production costs. The difference between prices and marginal costs determines the firms market power. Using a novel dataset, we provide new empirical evidence that quantifies market power across firms and regions.

JEL-codes: C52 L13 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2022-11
New Economics Papers: this item is included in nep-com, nep-ene, nep-ind and nep-reg
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Related works:
Working Paper: Market Power in the Argentine Liquid Fuels Wholesale Chain (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:aep:anales:4554

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