Analyzing Unleaded Gasoline Retail Price Patterns in Greece: Apr.2011-Dec.2012

Athanasios Petralias, Sotirios Petros and Prodromos Prodromidis
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Athanasios Petralias: Athens University of Economics and Business
Sotirios Petros: Greek Ministry for Development and Competitiveness

South-Eastern Europe Journal of Economics, 2014, vol. 12, issue 2, 215-241

Abstract: The paper studies the daily price patterns of unleaded gasoline across fueling stations in Greece during April 2011-December 2012 by (a) econometrically estimating the impact of refinery prices, brands, geography, the number of competitors in the area, the day of the week, seasonality and transportation strikes on average gasoline prices at the local community level (194 thousand observations), and (b) exploring price-leadership among vendors in Athens, Thessaloniki and a number of other large municipalities via Granger causality tests.

Keywords: Unleaded gasoline; Retail prices; Regression of disaggregated data; Granger causality; Greece (search for similar items in EconPapers)
JEL-codes: C23 D40 L81 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:12:y:2014:i:2:p:215-241

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