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dc.contributor.authorBalaguer, Jacint
dc.contributor.authorRipollés, Jordi
dc.date.accessioned2018-11-06T08:07:15Z
dc.date.available2018-11-06T08:07:15Z
dc.date.issued2018-08
dc.identifier.citationBALAGUER, Jacint; RIPOLLÉS, Jordi (2018). The dynamics pattern of price dispersion in retail fuel markets. Energy Economics, v. 74, p. 546-564ca_CA
dc.identifier.urihttp://hdl.handle.net/10234/177228
dc.description.abstractThis paper empirically investigates the dynamics of price dispersion in retail fuel markets as a response to the corresponding wholesale price changes. For this purpose we take advantage of a daily dataset of prices fixed by gas stations in two Spanish reg ions. It is consistently found that retail price dispersion is temporarily enlarged as a consequence of wholesale price increases, while it is reduced due to decreases. The presence of asymmetries in the short - run dynamics is also revealed. T he impact of p ositive changes in the wholesale price is, in the first days of adjustment, clearly greater. The dynamics pattern could be explained, at least in part, by the faster response of prices in the stations associated with the two vertically integrated companies that have the largest market share (i.e. Repsol and Cepsa).ca_CA
dc.format.extent53 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherElsevierca_CA
dc.relation.isPartOfEnergy Economics (2018), v. 74ca_CA
dc.subjectRetail price dispersionca_CA
dc.subjectWholesale price variationsca_CA
dc.subjectFuel oil marketsca_CA
dc.titleThe dynamics pattern of price dispersion in retail fuel marketsca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.identifier.doihttps://doi.org/10.1016/j.eneco.2018.07.004
dc.relation.projectIDFinancial support from 1) The European Union FEDER funds and 2) The Spanish Ministry of Economy and Competitiveness (ECO2014 - 58975 - P).ca_CA
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca_CA
dc.relation.publisherVersionhttps://www.sciencedirect.com/science/article/pii/S0140988318302494ca_CA
dc.type.versioninfo:eu-repo/semantics/publishedVersionca_CA


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