Does multimarket contact affect prices in the retail fuel industry? First empirical evidence
Visualitza/
Metadades
Mostra el registre complet de l'elementcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadades
Títol
Does multimarket contact affect prices in the retail fuel industry? First empirical evidenceData de publicació
2020-12-09Editor
ElsevierISSN
0140-9883Cita bibliogràfica
BALAGUER, Jacint; RIPOLLÉS, Jordi. Does multimarket contact affect prices in the retail fuel industry? First empirical evidence. Energy Economics, 2021, vol. 93, p. 105054.Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.sciencedirect.com/journal/energy-economicsVersió
info:eu-repo/semantics/acceptedVersionParaules clau / Matèries
Resum
Although multimarket competition is a fairly common characteristic in the retail fuel industry, its effect on the corresponding prices remains unexplored. By using a large dataset of service stations in Spain, a first ... [+]
Although multimarket competition is a fairly common characteristic in the retail fuel industry, its effect on the corresponding prices remains unexplored. By using a large dataset of service stations in Spain, a first set of empirical results for this industry is provided. It is consistently found that multimarket contact among chain stations increases prices, which adds support to the classical mutual forbearance hypothesis. However, it is further revealed that such an effect is critically dependent on the degree of concentration of each local market. Since the impact becomes more relevant in markets where concentration is lower, it also seems advisable to closely monitor these cases. Findings also suggest that, in those models where multimarket contact information is ignored, the specific effect of local concentration on prices could be significantly underestimated. [-]
Publicat a
Energy Economics Volume 93, January 2021, 105054Dades relacionades
https://ars.els-cdn.com/content/image/1-s2.0-S0140988320303947-mmc1.zipEntitat finançadora
Ministerio de Ciencia, Innovación y Universidades (Spain) | Universitat Jaume I
Codi del projecte o subvenció
RTI2018-100983-B-I00 | UJI-B2019-53
Drets d'accés
© 2020 Elsevier B.V. All rights reserved.
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
Apareix a les col.leccions
- IEI_Articles [116]
- ECO_Articles [696]
Els següents fitxers sobre la llicència estan associats a aquest element: