Is the Retail Gasoline Market Local or National?

Michal Kvasnička (), Rostislav Stanek and Ondřej Krčál ()
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Michal Kvasnička: Masaryk University
Ondřej Krčál: Masaryk University

Journal of Industry, Competition and Trade, 2018, vol. 18, issue 1, No 3, 47-58

Abstract: Abstract This paper studies the effect of station density on prices in the retail gasoline market in the Czech Republic. We estimate the impact of the number of competing stations in various driving-distance ranges around each station on prices. We find that station density has a negative effect on prices; the effect decreases with distance and is statistically significant up to six kilometers. This suggests that the retail gasoline market is local rather than national.

Keywords: Geographical relevant market; Retail gasoline market; Station density; Prices (search for similar items in EconPapers)
JEL-codes: L13 L41 L81 R32 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jincot:v:18:y:2018:i:1:d:10.1007_s10842-017-0249-0

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DOI: 10.1007/s10842-017-0249-0

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