Price regulation and relative price convergence: Evidence from the retail gasoline market in Canada

Farrukh Suvankulov, Chi Keung Lau and Fatma Ogucu

Energy Policy, 2012, vol. 40, issue C, 325-334

Abstract: This paper explores price regulation and relative price convergence in the Canadian retail gasoline market. We use monthly data (2000–2010) on retail gasoline prices in 60 Canadian cities to investigate (i) whether the retail gasoline market in Canada has experienced a relative price convergence to the mean, which is expected, given the increased economic integration across Canadian provinces; and (ii) whether the introduction of price regulation mechanisms in New Brunswick and Nova Scotia in July 2006 had any impact on the price convergence in these provinces.

Keywords: Gasoline prices; Price convergence; Law of one price (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (34)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:40:y:2012:i:c:p:325-334

DOI: 10.1016/j.enpol.2011.10.015

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