A duration analysis approach to the examination of the lengths of periods of price stability in the UK retail petrol industry

Mark Bailey and Clive Collis

Applied Economics Letters, 1994, vol. 1, issue 12, 233-235

Abstract: This article applies duration analysis to pricing behaviour in an oligopolistic industry, namely the UK Retail Petrol Industry, for the period January 1983 to October 1989. The findings of the analysis are that: a period of rising or falling prices will reduce the lengths of price stability and that periods of price stability ending in March or April lasted longer than those ending in other months as firms awaited changes in the excise rate in the Budget. There was no evidence that the leading firm, Esso, exhibited longer periods of price stability, a result consistent with the hypothesis of conscious parallelism in pricing behaviour in an industry.

Date: 1994
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:1:y:1994:i:12:p:233-235

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048594357817

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().