Author: German Coloma
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper applies a model of market power measurement under product differentiation to the case of the gasoline market in California, using data for the period 1983-1989. Our results show that there is a considerable degree of product differentiation among major brands. This allows firms to exercise local market power over their own specific products, but there are also signals of an important degree of global market power. However, none of the four pure market structures analyzed (price taking, monopolistic competition, Cournot oligopoly and collusion) seems able to explain by itself the behavior of the whole market.
Product Differentiation and Market Power in the California Gasoline Market
Author: German Coloma
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper applies a model of market power measurement under product differentiation to the case of the gasoline market in California, using data for the period 1983-1989. Our results show that there is a considerable degree of product differentiation among major brands. This allows firms to exercise local market power over their own specific products, but there are also signals of an important degree of global market power. However, none of the four pure market structures analyzed (price taking, monopolistic competition, Cournot oligopoly and collusion) seems able to explain by itself the behavior of the whole market.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper applies a model of market power measurement under product differentiation to the case of the gasoline market in California, using data for the period 1983-1989. Our results show that there is a considerable degree of product differentiation among major brands. This allows firms to exercise local market power over their own specific products, but there are also signals of an important degree of global market power. However, none of the four pure market structures analyzed (price taking, monopolistic competition, Cournot oligopoly and collusion) seems able to explain by itself the behavior of the whole market.
Market Power in California's Gasoline Market
Author: University of California Energy Institute
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 28
Book Description
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 28
Book Description
Price-Response Asymmetry and Spatial Differentiation in Local Retail Gasoline Markets
Author: Jeremy A. Verlinda
Publisher: BiblioGov
ISBN: 9781289031015
Category :
Languages : en
Pages : 62
Book Description
This study explores the possibility that local market power influences the observed asymmetric relationship between changes in wholesale gasoline costs and changes in retail gasoline prices. I exploit an original data set of weekly gas station prices in Southern California from September 2002 to May 2003, and take advantage of detailed station and local market level characteristics to determine the extent to which spatial differentiation influences price response asymmetry. I find that brand identity, proximity to rival stations, bundling and advertising, operation type, and local market features and demographics each influence a station's predicted price-response asymmetry.
Publisher: BiblioGov
ISBN: 9781289031015
Category :
Languages : en
Pages : 62
Book Description
This study explores the possibility that local market power influences the observed asymmetric relationship between changes in wholesale gasoline costs and changes in retail gasoline prices. I exploit an original data set of weekly gas station prices in Southern California from September 2002 to May 2003, and take advantage of detailed station and local market level characteristics to determine the extent to which spatial differentiation influences price response asymmetry. I find that brand identity, proximity to rival stations, bundling and advertising, operation type, and local market features and demographics each influence a station's predicted price-response asymmetry.
Do Rockets Rise Faster and Feathers Fall Slower in an Atmosphere of Local Market Power? Evidence from the Retail Gasoline Market
Author: Jeremy A. Verlinda
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This study explores the possibility that local market power influences the observed asymmetric relationship between changes in wholesale gasoline costs and changes in retail gasoline prices. I exploit an original data set of weekly gas station prices in Southern California from September 2002 to May 2003, and take advantage of detailed station and local market level characteristics to determine the extent to which geographic and product differentiation influences price response asymmetry. I find that brand identity, proximity to rival stations, and local market features and demographics each influence a station's predicted price-response asymmetry. Web Appendix available at: http://ssrn.com/abstract=1000964.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This study explores the possibility that local market power influences the observed asymmetric relationship between changes in wholesale gasoline costs and changes in retail gasoline prices. I exploit an original data set of weekly gas station prices in Southern California from September 2002 to May 2003, and take advantage of detailed station and local market level characteristics to determine the extent to which geographic and product differentiation influences price response asymmetry. I find that brand identity, proximity to rival stations, and local market features and demographics each influence a station's predicted price-response asymmetry. Web Appendix available at: http://ssrn.com/abstract=1000964.
Journal of Applied Economics
Interbrand Choice, Strategy, and Bilateral Market Power
Author: Michael E. Porter
Publisher: Harvard University Press
ISBN: 9780674458208
Category : Business & Economics
Languages : en
Pages : 292
Book Description
Publisher: Harvard University Press
ISBN: 9780674458208
Category : Business & Economics
Languages : en
Pages : 292
Book Description
The Antitrust Paradox
Author: Robert Bork
Publisher:
ISBN: 9781736089712
Category :
Languages : en
Pages : 536
Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Publisher:
ISBN: 9781736089712
Category :
Languages : en
Pages : 536
Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
The Twelfth World Congress of the International Economic Association, August 23-27, 1999, Buenos Aires, Argentina
Author: International Economic Association. World Congress
Publisher: Asociacion Argentina de Economia Politica
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
Book Description
Publisher: Asociacion Argentina de Economia Politica
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
Book Description
Econometric Models For Industrial Organization
Author: Matthew Shum
Publisher: World Scientific
ISBN: 981310967X
Category : Business & Economics
Languages : en
Pages : 154
Book Description
Economic Models for Industrial Organization focuses on the specification and estimation of econometric models for research in industrial organization. In recent decades, empirical work in industrial organization has moved towards dynamic and equilibrium models, involving econometric methods which have features distinct from those used in other areas of applied economics. These lecture notes, aimed for a first or second-year PhD course, motivate and explain these econometric methods, starting from simple models and building to models with the complexity observed in typical research papers. The covered topics include discrete-choice demand analysis, models of dynamic behavior and dynamic games, multiple equilibria in entry games and partial identification, and auction models.
Publisher: World Scientific
ISBN: 981310967X
Category : Business & Economics
Languages : en
Pages : 154
Book Description
Economic Models for Industrial Organization focuses on the specification and estimation of econometric models for research in industrial organization. In recent decades, empirical work in industrial organization has moved towards dynamic and equilibrium models, involving econometric methods which have features distinct from those used in other areas of applied economics. These lecture notes, aimed for a first or second-year PhD course, motivate and explain these econometric methods, starting from simple models and building to models with the complexity observed in typical research papers. The covered topics include discrete-choice demand analysis, models of dynamic behavior and dynamic games, multiple equilibria in entry games and partial identification, and auction models.
Challenges of Electric Power Industry Restructuring for Fuel Suppliers
Author:
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 156
Book Description
Provides an assessment of the changes in other energy industries that could occur as the result of restructuring in the electric power industry.
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 156
Book Description
Provides an assessment of the changes in other energy industries that could occur as the result of restructuring in the electric power industry.