An aggregate test for transient market power in the winter 2013–14 propane market

Charles Moul and Brandon A. Miller

Economics Letters, 2021, vol. 200, issue C

Abstract: The Midwest’s propane market saw significant price increases in the 2013–14 winter with attendant accusations of gouging. We estimate demand and supply to consider whether that winter’s harsh conditions and low inventories enabled distributors to exercise transient market power. Our estimates suggest that prices were 20% higher than competitive predictions.

Keywords: Transient market power; Energy economics (search for similar items in EconPapers)
JEL-codes: L41 L71 Q41 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:200:y:2021:i:c:s0165176521000422

DOI: 10.1016/j.econlet.2021.109765

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