Regulation of the Petrol Industry in the UK: Issues and Evidence

Nigel Driffield

International Journal of the Economics of Business, 1999, vol. 6, issue 3, 349-365

Abstract: The petrol industry has been investigated twice by the Monopolies and Mergers Commission in the last 20 years. On both occasions the MMC found that the conduct of the companies was not against the public interest. These findings were based on the perceived stable relationship between oil and petrol prices. This paper develops a model of petrol price using a co-integration approach, concluding that one must question the findings of the MMC.

Keywords: Petrol Pricing; Regulation (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (2)

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DOI: 10.1080/13571519984124

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