Market Power in Regional Retail Gasoline Markets? An Empirical Analysis / Marktmacht auf regionalen Märkten. Eine empirische Analyse am Beispiel des Kraftstoffmarktes in der Bundesrepublik Deutschland

Drescher Klaus () and McNamara Kevin ()
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Drescher Klaus: Department of Agricultural Economics, Christian-Albrechts-University Kiel, Olshausenstr. 40, D-24118 Kiel/Germany
McNamara Kevin: Department of Agricultural Economics, Purdue University, 1145 Krannert Building, West Lafayette, IN 47907-1145/USA

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2001, vol. 221, issue 1, 1-13

Abstract: This article discusses the relationship between gasoline prices and market structure. A Cournot model was used to test if national oil companies have local market power. The commonly held belief that national oil companies in Germany excercise market power was not empirically supported despite high national and regional concentration rates in the gasoline retail market. However, a further concentration of gas stations might lead to a change of the results in the future.

Keywords: Cournot model; gasoline market; concentration; market power; Cournot-Modell; Mineralölmarkt; Konzentration; Marktmacht; Cournot model; gasoline market; concentration; market power (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:221:y:2001:i:1:p:1-13

DOI: 10.1515/jbnst-2001-0102

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