Locational choice and price competition: some empirical results for the austrian retail gasoline market

Gerhard Clemenz and Klaus Gugler ()
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Klaus Gugler: University of Vienna

A chapter in Spatial Econometrics, 2009, pp 223-244 from Springer

Abstract: Using data from the Austrian retail gasoline market we find that a higher station density reduces average prices. Market (i.e. ownership) concentration does not significantly affect average price, however is negatively related to the density of stations. Estimation of the pricing and entry equations as simultaneous equations does not alter our conclusions, and suggests causality running from station density to price. We argue that the spatial dimension of markets allows the identification of market conduct, which is particularly relevant for competition policy.

Keywords: Spatial competition; Retail gasoline; Pricing regressions (search for similar items in EconPapers)
Date: 2009
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Related works:
Journal Article: Locational choice and price competition: some empirical results for the austrian retail gasoline market (2006)
Working Paper: Locational choice and price competition: Some empirical results for the Austrian retail gasoline market (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stecpp:978-3-7908-2070-6_12

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DOI: 10.1007/978-3-7908-2070-6_12

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