Clemenz, Gerhard, Gugler, Klaus. 2006. Locational Choice and Price Competition: Some Empirical Results for the Austrian Retail Gasoline Market. Empirical Economics 1-22.
BibTeX
Abstract
Using data from the Austrian retail gasoline market we find that a higher station density reduces average prices. Market (i.e. ownership) concentration does not significantly affect average price, however is negatively related to the density of stations. Estimation of the pricing and entry equations as simultaneous equations does not alter our conclusions, and suggests causality running from station density to price.We argue that the spatial dimension of markets allows the identification of market conduct, which is particularly relevant for competition policy.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Empirical Economics |
Citation Index | SSCI |
WU-Journal-Rating new | VW-D |
Language | English |
Title | Locational Choice and Price Competition: Some Empirical Results for the Austrian Retail Gasoline Market |
Year | 2006 |
Page from | 1 |
Page to | 22 |
Associations
- People
- Gugler, Klaus (Details)
- External
- Clemenz, Gerhard (Universität Wien, Austria)
- Organization
- Research Institute for Regulatory Economics FI (Details)
- Institute for Quantitative Economics IN (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5370 Industrial economics (Details)