The influence of the number of sellers on retail prices. Empirical evidence from the fuel market.
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Title
The influence of the number of sellers on retail prices. Empirical evidence from the fuel market.Author (s)
Tutor/Supervisor; University.Department
Ripollés Piqueras, Jordi; Universitat Jaume I. Departament d'EconomiaDate
2017-07-10Publisher
Universitat Jaume IAbstract
A diversity of economic approaches provide different prognosis about the effect of an
increase in the number of competitors in a market on average prices. We review these
different theories, studied the Spanish fuel ... [+]
A diversity of economic approaches provide different prognosis about the effect of an
increase in the number of competitors in a market on average prices. We review these
different theories, studied the Spanish fuel market and estimate empirically the
relationship between average price and the seller density in the retail fuel market in
Valencia using data of gasoline and diesel fuel price of all service stations in there. We
find that an increase in the number of rivals in a radius of 2.5 km consistently decreases
the average price of both gasoline and diesel; by contrast, an increase in the samebrand,
increase the average price. [-]
Description
Treball Final de Grau en Economia
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This item appears in the folowing collection(s)
- Grau en Economia [289]