The dynamics pattern of price dispersion in retail fuel markets
Ver/ Abrir
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
The dynamics pattern of price dispersion in retail fuel marketsFecha de publicación
2018-08Editor
ElsevierCita bibliográfica
BALAGUER, Jacint; RIPOLLÉS, Jordi (2018). The dynamics pattern of price dispersion in retail fuel markets. Energy Economics, v. 74, p. 546-564Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.sciencedirect.com/science/article/pii/S0140988318302494Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
This 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 ... [+]
This 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). [-]
Publicado en
Energy Economics (2018), v. 74Proyecto de investigación
Financial support from 1) The European Union FEDER funds and 2) The Spanish Ministry of Economy and Competitiveness (ECO2014 - 58975 - P).Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- IEI_Articles [116]
- ECO_Articles [696]