Measuring Market Power in Gasoline Retailing: A Market- or Station Phenomenon?
MetadataVis full innførsel
- Discussion papers (SAM) 
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.
UtgiverInstitutt for samfunnsøkonomi, NHH
Viser innførsler beslektet ved tittel, forfatter og emneord.
Recent developments and future trends in Germany’s electricity market : an assessment of recent market developments on electricity prices and market stakeholders Farag, Dominique; Groen, Leeor (Master thesis, 2016)As Europe’s largest economy and as one of the most industrially and technologically advanced countries in the world, Germany has long been at the forefront of managing and implementing change in the electricity sector. ...
Market anomalies in the Norwegian stock market : an exploration about existence of 4 market anomalies Shan, He; Sijia, Gu (Master thesis, 2015)This master thesis is aiming to examine the existence of targeting market anomalies and the ability of Fama-French Three factor models explain those anomalies in Norwegian Stock Market during the recent 14 years. Our study ...
Nordic Power market integration : a market based approach to the price effects of increased Nordic continental power trade in the Nordic market Boge, Mathias Krogh (Master thesis, 2012)Based on historical market data for 2011 this thesis models estimated effects that increased Nordic-Continental power trade potential would have had on trade and on Nordic prices during this year. The model used differs ...