Gasoline price as social phenomenon

Vladimir Kossov and Elena Kossova ()

MPRA Paper from University Library of Munich, Germany

Abstract: The gasoline price transform into the social phenomenon by its role in economy. For the state, it is a source of budget revenue through indirect taxes, which in majority of countries make up most of the price. The upper bound of a gasoline price is limited by risk of mass protests. For the citizens a gasoline price affects the cost of living. The lower bound of this price is limited to possibility of the authorities to subsidize it. Balances of interests of the authorities and citizens are estimated for the gasoline prices deviating from the normal. Normal gasoline prices are offered as standard, with respect to which of the actual prices can distinguish high and low. We propose an econometric model for the estimation of the normal price. The analysis of the results of estimation is presented for 97 countries and the data for 2000, 2004 and 2006. Showing the problems emerging in Russia

Keywords: gasoline price; normal price; budget revenue; oil rent; benefits and loses; mass protests (search for similar items in EconPapers)
JEL-codes: C2 C23 D4 D49 E31 H2 H21 (search for similar items in EconPapers)
Date: 2013-07-30
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-ene and nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/48720/1/MPRA_paper_48720.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:48720

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().