The pricing behavior of Italian gas stations: Some evidence from the Cuneo retail fuel market

Alderighi, Marco; Baudino, Marco

doi:10.1016/j.eneco.2015.04.017

Cited by 13 publications

(11 citation statements)

References 42 publications

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“…Petrol price cycles have been observed in capital cities of the U.S., Canada and Australia. For example, Lewis (2008), Doyle et al (2010), Lewis (2012), Zimmerman et al (2013) and Noel and Chu (2015) in the U.S.; Eckert and West (2004), Atkinson (2009), Byrne and de Roos (2017) in Canada; Wang (2009), Bloch and Wills (2010aand 2010b), de Roos and Katayama (2013 in Australia; and several European countries have been detected such as Siekmann (2017), and Alderighi and Baudino (2015).…”

Section: Theory and Literaturementioning

confidence: 99%

Regional Patterns for the Retail Petrol Prices

Ghazanfari¹

2021

IJEEP

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Costs of transport fuels are the most significant components of household expenditures, and the price of petrol is of particular importance for commercial and residential sectors in Australia. Regarding the central role of petrol, an in-depth understanding of petrol price behaviours is essential. Previous studies mostly focused on the petrol markets in metropolitan areas, and there exists a significant gap in the regional literature. Therefore, this paper is aimed to develop a clearer understanding of petrol price patterns in urban and rural areas in Western Australia. This study finds a mismatch between pricing patterns across various regions and cities. There are cities with two types of price patterns, cities with price cycles and cities without. Most cities have not excessive fluctuations, and their price patterns are almost smooth. This group of cities have different levels of petrol prices. The greater distance with Perth raises petrol prices in these groups of cities. Cyclical patterns have been observed only in Murray, Mandurah and Geraldton. Comparative analysis reveals that asymmetric and frequent weekly cycles in three cities are similar to the cycle in Perth. It can be argued that there exist no specific differences in petrol price patterns among cities with cycle.

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Section: Theory and Literaturementioning

confidence: 99%

Regional Patterns for the Retail Petrol Prices

Ghazanfari¹

2021

IJEEP

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“…propose that a seller's market power decreases in the number of neighbour stations. Similarly, Alderighi and Baudino (2015) suggest that stations' prices rely on neighbour stations' prices within around 1km. On the other hand, Hosken et al (2008) find no relation.…”

Section: Sources Of Market Power In Gasoline Retailingmentioning

confidence: 99%

“…Yet, because volume data have been 1 For examples of government initiated studies, see for instance the Australian Competition and Consumer Commission (2007) for the Australian market, the Irish Competition Authority (2003) for the Irish market and the Norwegian Competition Authority (2014) for the Norwegian market. 2 Examples on local competition studies include Alderighi and Baudino (2015), Firgo et al (2015), Hosken et al (2008), Barron et al (2004), Barron et al (2007), Cooper and Jones (2007) and Clemenz and Gugler (2006). Examples on station amenities studies include Haucap et al (2017), Hosken (2008) and Eckert and West (2005).…”

Section: Introductionmentioning

confidence: 99%

Market Power in Retail Gasoline Markets

Nguyen-Ones

Steen

2019

SSRN Journal

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We estimate a structural model to uncover the degree of competition in retail gasoline markets using daily station-level data on quantity and price from the Swedish market. The structural model enables us to consider key features on both the demand and supply side that are important when evaluating retailers' ability to obtain market power. Endowed with station-level information on service level, contractual form and number of nearby stations, we take into account the main drivers of differentiation in the local market. Our findings suggest that retailers in general exercise significant intermediate levels of market power. Further, local station characteristics significantly affect to which extent stations are able to extract market power. Results are robust to different estimation methods.

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“…This is in line with our findings, which propose that a seller's market power decreases in the number of neighbour stations. Similarly, Alderighi and Baudino (2015) suggest that stations' prices rely on neighbour stations' prices within around 1km. On the other hand, Hosken et al (2008) find no relation.…”

Section: Local Competitionmentioning

confidence: 99%

Measuring Market Power in Gasoline Retailing: A Market - or Station Phenomenon?

Nguyen-Ones

Steen

2018

SSRN Journal

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Applying detailed consecutive daily micro data at the gasoline station level from Sweden we estimate a structural model to uncover the degree of competition in the gasoline retail market.We find that retailers do exercise market power, but despite the high upstream concentration, the market power is very limited on the downstream level. The degree of market power varies with both the distance to the nearest station and the local density of gasoline stations. A higher level of service tends to raise a seller's market power; self-service stations have close to no market power. Contractual form and brand identity also seem to matter. We find a clear result: local station characteristics significantly affect the degree of market power. Our results indicate that local differences in station characteristics can more than offset the average market power found for the whole market.

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The pricing behavior of Italian gas stations: Some evidence from the Cuneo retail fuel market

Cited by 13 publications

References 42 publications

Regional Patterns for the Retail Petrol Prices

Regional Patterns for the Retail Petrol Prices

Market Power in Retail Gasoline Markets

Measuring Market Power in Gasoline Retailing: A Market - or Station Phenomenon?

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