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Competition In The Retail Gasoline Industry
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Book Synopsis The Nature of Competition in Gasoline Distribution at the Retail Level by : Ralph Cassady
Download or read book The Nature of Competition in Gasoline Distribution at the Retail Level written by Ralph Cassady and published by Univ of California Press. This book was released on 2022-09-23 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1951.
Book Synopsis Competition in the Retail Gasoline Industry by : Jed Brewer
Download or read book Competition in the Retail Gasoline Industry written by Jed Brewer and published by . This book was released on 2007 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines competition in the retail gasoline industry. The first chapter highlights the importance of gasoline in modern society, introduces my work, and places it in the context of the existing academic literature. The second chapter details the institutional structure and profitability of the industry. The vast majority of retail gasoline stations are not directly owned and operated by major oil companies. Instead, most stations are set up under other contractual relationships: lessee-dealer, open-dealer, jobber-owned-and-operated, and independent. Gasoline retailers make relatively low profits, as is the case in many other retail industries, and are substantially less profitable than major oil companies. Gas stations also make less money when retail prices are climbing than when they are falling. As prices rise, total station profits are near zero or negative. When retail prices are constant or falling, retailers can make positive profits. The third chapter describes the entry of big-box stores into the retail gasoline industry over the last decade. The growth of such large retailers, in all markets, has led to a great deal of controversy as smaller competitors with long-term ties to the local community have become less common. I estimate the price impact that big-box stores have on traditional gasoline retailers using cross-sectional data in two geographically diverse cities. I also examine changes in pricing following the entry of The Home Depot into a local retail gasoline market. The results show that big-box stores place statistically and economically significant downward pressure on the prices of nearby gas stations, offering a measure of the impact of the entry of a big-box store. Chapter 4 examines the nature of price competition in markets where some competing retailers sell the same brand. The price effect of having more retailers selling the same brand is theoretically unclear. High brand diversity could give individual retailers market power, thereby leading to higher prices. Low brand diversity, though, could act to facilitate collusive behavior, leading to higher prices. I find that prices are higher in markets with high brand diversity. The final chapter of the dissertation summarizes the general findings.
Author :United States. Congress. House. Committee on the Judiciary. Task Force on Competition Policy and Antitrust Laws Publisher : ISBN 13 : Total Pages :232 pages Book Rating :4.0/5 ( download)
Book Synopsis Retail gas prices by : United States. Congress. House. Committee on the Judiciary. Task Force on Competition Policy and Antitrust Laws
Download or read book Retail gas prices written by United States. Congress. House. Committee on the Judiciary. Task Force on Competition Policy and Antitrust Laws and published by . This book was released on 2009 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The State of Competition in Gasoline Marketing by : James B. Delaney
Download or read book The State of Competition in Gasoline Marketing written by James B. Delaney and published by . This book was released on 1980 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Retail Policies and Competition in the Gasoline Industry by : Severin Borenstein
Download or read book Retail Policies and Competition in the Gasoline Industry written by Severin Borenstein and published by . This book was released on 2005 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Product Differentiation, Competition and Prices in the Retail Gasoline Industry by : Mark David Manuszak
Download or read book Product Differentiation, Competition and Prices in the Retail Gasoline Industry written by Mark David Manuszak and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis presents a series of studies of the retail gasoline industry using data from Hawaii. This first chapter examines a number of pricing patterns in the data and finds evidence that gasoline stations set prices which are consistent with a number of forms of price discrimination. The second chapter analyzes various patterns of cross-sectional, cross-market and intertemporal variation in the data to investigate their suitability for use in structural econometric estimation. The remainder of the dissertation consists of specification and estimation of a structural model of supply and demand for retail gasoline products sold at individual gasoline stations. This detailed micro-level analysis permits examination of a number of important issues in the industry, most notably the importance of spatial differentiation in the industry. The third chapter estimates the model and computes new equilibria under a number of asymmetric taxation regimes in order to examine the impact of such tax policies on producer and consumer welfare as well as tax revenue. The fourth chapter examines whether there is any evidence of tacitly collusive behavior in the Hawaiian retail gasoline industry and concludes that, in fact, conduct is fairly competitive in this industry and market.
Book Synopsis Essays on Information, Competition, and Pricing Dynamics in the Retail Gasoline Market by : Woo-Hyung Hong
Download or read book Essays on Information, Competition, and Pricing Dynamics in the Retail Gasoline Market written by Woo-Hyung Hong and published by . This book was released on 2015 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies the role of information in market performance, and pricing dynamics observed in the retail gasoline market. In Chapter 1, we empirically test whether smartphones, as information-providing devices, can improve market performance and reduce price dispersion. We treat the introduction of smartphones in the Korean gasoline market as a natural experiment to investigate the impact of smartphones on competition among gas stations. Smartphones provided consumers with direct access to price information through OPINET, a government-sponsored Internet website. Our results indicate that the adoption of smartphones is associated with dramatic decreases in price dispersion and average price-cost margins, thereby creating consumer gains. Additionally, we found a sudden decline in entries and a slow increase in exits after the introduction of smartphones. Chapter 2 investigates how and why a link between market power and asymmetric pricing occurs. Exploiting unique island panel data from the Korean gasoline market, we propose geographical separation as a reliable measure of market power. Our findings confirm a positive correlation between market power and price-response asymmetry. We provide direct evidence of tacit collusion by investigating sticky pricing behaviors and suggest that the tacit collusion is the main channel through which market power influences asymmetric pricing. Additionally, we examine the effect of station heterogeneity on asymmetric pricing to provide further evidence of tacit collusion even in relatively competitive environments.
Book Synopsis Price Fluctuations and Competition in the Retail Gasoline Market by : Mark B. Schupack
Download or read book Price Fluctuations and Competition in the Retail Gasoline Market written by Mark B. Schupack and published by . This book was released on 1982 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust and Restraint of Trade Activities Affecting Small Business Publisher : ISBN 13 : Total Pages :478 pages Book Rating :4.0/5 (18 download)
Book Synopsis Gasoline Retail Marketing Practices: Washington, D.C., Sept. 27; Oct. 11 and 18, 1979 by : United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust and Restraint of Trade Activities Affecting Small Business
Download or read book Gasoline Retail Marketing Practices: Washington, D.C., Sept. 27; Oct. 11 and 18, 1979 written by United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust and Restraint of Trade Activities Affecting Small Business and published by . This book was released on 1979 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly Publisher : ISBN 13 : Total Pages :424 pages Book Rating :4.0/5 (14 download)
Book Synopsis Competition in the Energy Industry by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Download or read book Competition in the Energy Industry written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly and published by . This book was released on 1974 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights Publisher : ISBN 13 : Total Pages :624 pages Book Rating :4.0/5 (13 download)
Book Synopsis Anticompetitive Practices in the Retail Gasoline Market by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights
Download or read book Anticompetitive Practices in the Retail Gasoline Market written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights and published by . This book was released on 1992 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Perfect Competition, Spatial Competition, and Tax Incidence in the Retail Gasoline Market by : James Alm
Download or read book Perfect Competition, Spatial Competition, and Tax Incidence in the Retail Gasoline Market written by James Alm and published by . This book was released on 2006 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we use monthly gasoline price data for all fifty U.S. states over the period 1984 to 1999 to examine the incidence of state gasoline excise taxes. Standard economic theory predicts full shifting of the excise tax to consumers when the supply of gasoline is perfectly elastic, and our empirical results are largely consistent with this prediction. In general, we find full shifting of gasoline taxes to the final consumer, with changes in gasoline taxes fully reflected in the tax-inclusive gasoline price almost instantly, a result consistent with a retail gasoline market in which firms are perfectly competitive and produce at constant cost. In addition, although we find that gasoline retail prices demonstrate asymmetric responses to changes in gasoline wholesale prices, we find only limited evidence of such behavior for retail prices with respect to gasoline excise taxes. Importantly, we also present a novel application of a spatial price discrimination model to examine tax incidence in markets that are not perfectly competitive. In this alternative framework, the incidence of excise taxes depends upon the competitiveness of retail gasoline markets, which depends in turn on spatial aspects of the market. Consistent with this alternative theoretical framework, our empirical estimates demonstrate that gasoline markets in urban states exhibit full shifting, but those in rural states demonstrate somewhat less than full shifting.
Book Synopsis Retail Gas Prices by : United States
Download or read book Retail Gas Prices written by United States and published by . This book was released on 2008 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vertical Relationships and Competition in Retail Gasoline Markets by : Justine S. Hastings
Download or read book Vertical Relationships and Competition in Retail Gasoline Markets written by Justine S. Hastings and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines how much, if any, of the differences in retail gasoline prices between markets is attributable to differences in the composition of vertical contract types at gasoline stations in each market. The purchase of the independent retail gasoline chain, Thrifty, by ARCO provides a unique opportunity to examine the effects of changes in different vertical contract types on local retail prices. This event caused sharp changes in the market share of i) fully vertically integrated stations, and ii) independent stations; differentially affecting local markets in the Los Angeles and San Diego Metropolitan areas. Using unique and detailed station-level data, this study examines how these sharp changes affected local retail prices. The detailed data and the research design based on the Thrifty station conversions allow for credible estimation of the effects of the market share of independent retailers and vertically integrated retailers on local market prices, controlling for any omitted factors at the station level, and the city level over time. Results for the Los Angeles and San Diego metropolitan areas indicate that a decrease in the market share of independent stations has a significant positive impact on local retail price. However, a change in the market share of refiner owned and operated branded stations does not have a significant impact on local market price. These results have important implications as policy makers consider the regulation of vertical contracts as a means to increase competition in gasoline markets. The research design and detailed data also allow for inference on the underlying nature of retail gasoline competition.
Book Synopsis Gasoline Prices and Competition by : Harold Manchester Fleming
Download or read book Gasoline Prices and Competition written by Harold Manchester Fleming and published by Irvington Publishers. This book was released on 1966 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Gasoline price changes the dynamic of supply, demand, and competition. by :
Download or read book Gasoline price changes the dynamic of supply, demand, and competition. written by and published by DIANE Publishing. This book was released on 2005 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Nature of Competition in Gasoline Distribution at the Retail Level by : Ralph Cassady Jr.
Download or read book The Nature of Competition in Gasoline Distribution at the Retail Level written by Ralph Cassady Jr. and published by Univ of California Press. This book was released on 2023-11-10 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1951.
