Is the German Retail Gasoline Market Competitive? A Spatial-Temporal Analysis Using Quantile Regression
Alex Kihm,
Nolan Ritter and
Colin Vance
Land Economics, 2016, vol. 92, issue 4, 718-736
Abstract:
We explore whether noncompetitive pricing prevails in Germany’s retail gasoline market by examining the influence of the crude oil price on the retail gasoline price, focusing specifically on how this influence varies according to the brand and to the degree of competition in the vicinity of the station. Our analysis identifies several factors other than cost—including the absence of nearby competitors and regional market concentration—that play a statistically significant role in mediating the influence of the oil price on the retail gas price, suggesting moderate price-setting power among stations.
JEL-codes: C33 Q41 (search for similar items in EconPapers)
Date: 2016
Note: DOI:
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:92:y:2016:i:4:p:718-736
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