Estimation of asymmetric responses of U.S. retail fuel prices to changes in input prices based on a linear exponential adjustment cost approach
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DOI: 10.1007/s10100-021-00783-0
Abstract: Numerous studies have indicated that retail fuel prices respond more quickly when crude oil prices rise than when they fall. We suggest that the fuel price making process is discretionary with nonlinear price adjustment costs.… read more here.
Keywords: changes input; retail fuel; fuel prices; adjustment ... See more keywords
Does multimarket contact affect prices in the retail fuel industry? First empirical evidence
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DOI: 10.1016/j.eneco.2020.105054
Abstract: Abstract 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… read more here.
Keywords: industry; multimarket contact; retail fuel; fuel industry ... See more keywords
Effects of antitrust prosecution on retail fuel prices
Sign Up to like & getrecommendations! Published in 2019 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2019.102537
Abstract: Abstract In February 2015, Spain’s Competition Authority imposed € 32.4 million in fines on five of the country’s largest oil operators as sanctions for price collusion. This paper examines the effect of that antitrust action on… read more here.
Keywords: fuel prices; antitrust prosecution; effects antitrust; price ... See more keywords