Retail Gasoline Price Cycles across Spatially Dispersed Gasoline Stations

Andrew Eckert and Douglas West

Journal of Law and Economics, 2004, vol. 47, issue 1, 245-73

Abstract: Studies of volatility in retail gasoline prices have used either weekly averages of the prices at a small subset of stations in a city or daily observations on prices at a small number of stations. This paper uses daily observations on station-specific prices within a large Canadian metropolitan area to address whether weekly average prices or prices for a small number of stations provide an accurate description of pricing in a market with volatility. This paper considers whether researchers using restricted data can draw meaningful conclusions about the appropriate theoretical model and the policy response to allegations of anticompetitive behavior.

Date: 2004
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Citations: View citations in EconPapers (65)

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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlawec:y:2004:v:47:i:1:p:245-73

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