Is the Retail Gasoline Market Local or National?

被引:7
|
作者
Kvasnička M. [1 ]
Staněk R. [1 ]
Krčál O. [1 ]
机构
[1] Department of Economics, Masaryk University, Lipová 41a, Brno
关键词
Geographical relevant market; Prices; Retail gasoline market; Station density;
D O I
10.1007/s10842-017-0249-0
中图分类号
学科分类号
摘要
This paper studies the effect of station density on prices in the retail gasoline market in the Czech Republic. We estimate the impact of the number of competing stations in various driving-distance ranges around each station on prices. We find that station density has a negative effect on prices; the effect decreases with distance and is statistically significant up to six kilometers. This suggests that the retail gasoline market is local rather than national. © 2017, Springer Science+Business Media New York.
引用
收藏
页码:47 / 58
页数:11
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