Market Power in Retail Gasoline Markets
Working paper
Updated version

View/ Open
Permanent link
http://hdl.handle.net/11250/2625578Issue date
2019-07Metadata
Show full item recordCollections
- Discussion papers (SAM) [553]
Abstract
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.
Series
DP SAM;21/2019Related items
Showing items related by title, author, creator and subject.
-
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 ... -
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. ... -
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 ...