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dc.contributor.authorBalaguer, Jacint
dc.contributor.authorRipollés Piqueras, Jordi
dc.description.abstractIn this paper we explore whether the Spanish retail fuel markets are integrated at the regional level. We perform a comparative analysis of the transmission of international wholesale fuel prices to retail fuel prices. Our results are in favor of market segmentation, since the degree of cost pass-through differs noticeably across provinces (NUTS 3) and this outcome is clearly robust to the exclusion of the island provinces. We also found that cost pass-through is more similar for those provinces belonging to the same autonomous community (NUTS 2). It is suggested that different regulations and criteria regarding the granting of administrative authorizations from the autonomous communities could be hindering the integration of geographical markets.ca_CA
dc.format.extent10 p.ca_CA
dc.relation.isPartOfEconomic Modelling, 2014, vol. 42ca_CA
dc.rightsCopyright © 2015 Elsevier B.V. or its licensors or contributors. ScienceDirect® is a registered trademark of Elsevier B.V.ca_CA
dc.subjectPrice transmissionca_CA
dc.subjectMarket integrationca_CA
dc.subjectRetail fuel sectorca_CA
dc.subjectSpanish regionsca_CA
dc.titleAre the transport fuel retail markets regionally integrated in Spain? Evidence from price transmissionca_CA

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