Understanding Price Leadership in Fiji’s Energy Market

Biman Chand Prasad, Paresh Kumar Narayan and Joel Abraham ()
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Joel Abraham: Monash University, Australia

Energy RESEARCH LETTERS, 2024, vol. 4, issue 4, 1-4

Abstract: In this note, we explore price leadership in Fiji’s energy market. Using key energy prices, such as oil, diesel, premix, kerosene and motor spirits, we propose a price leader model. The price discovery model and its theory were proposed by Westerlund, Reese, and Narayan (2017). Using an application of this model to Fiji’s energy price data, we unravel evidence that premix is the market leader with a 54.8% market share followed by the oil price (33.9%). From these results, we draw implications for price regulations and identify the future direction for energy policy.

Keywords: Fiji; Energy market; Price discovery (search for similar items in EconPapers)
JEL-codes: E31 E37 (search for similar items in EconPapers)
Date: 2024
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