Price Uncertainty and Market Power in Retail Gasoline: The Role of Price Signs on an Italian Highway

2016 ◽  
Author(s):  
Federico Rossi ◽  
Pradeep K. Chintagunta
Keyword(s):  
Market Power ◽  
Price Uncertainty ◽  
Retail Gasoline

Price Uncertainty and Market Power in Retail Gasoline: The Case of an Italian Highway

2018 ◽  
Vol 37 (5) ◽  
pp. 753-770 ◽  
Author(s):  
Federico Rossi ◽  
Pradeep K. Chintagunta
Keyword(s):  
Market Power ◽  
Price Uncertainty ◽  
Retail Gasoline

The Effect of Bank Market Power on Economic Growth in Africa: The Role of Institution

2018 ◽  
Author(s):  
Anthony Idun ◽  
Anthony Q. Aboagye ◽  
Godfred Alufar Bokpin
Keyword(s):  
Economic Growth ◽  
Market Power

The Role of Information in Retail Gasoline Price Dispersion

2018 ◽  
Author(s):  
Michael D. Noel ◽  
Hongjie Qiang
Keyword(s):  
Price Dispersion ◽  
Gasoline Price ◽  
Retail Gasoline ◽  
Role Of Information

Market Power in Regional Retail Gasoline Markets? An Empirical Analysis / Marktmacht auf regionalen Märkten. Eine empirische Analyse am Beispiel des Kraftstoffmarktes in der Bundesrepublik Deutschland

2001 ◽  
Vol 221 (1) ◽  
pp. 1-13 ◽  
Author(s):  
Klaus Drescher ◽  
Kevin McNamara
Keyword(s):  
Market Power ◽  
Empirical Analysis ◽  
Retail Gasoline ◽  
Bundesrepublik Deutschland ◽  
Empirische Analyse

ZusammenfassungDer vorliegende Beitrag befaßt sich mit der Beziehung zwischen Treibstoffpreisen und der Marktstruktur im deutschen Tankstellensektor. Aufbauend auf ein Cournot-Modell wird getestet, ob die zumeist bundesweit agierenden Mineralölunternehmen auf lokalen Märkten Marktmacht ausüben. Die häufig geäußerte Vermutung, daß aufgrund einer relativ hohen Konzentration auf Bundesebene und einer vielfach noch höheren regionalen bzw. lokalen Konzentration Mineralölfirmen Marktmacht ausüben, konnte empirisch nicht belegt werden. Auch einige Modellvariationen führten nicht zu grundsätzlich anderen Ergebnissen. Da allerdings weitere Konzentrationstendenzen auf dem Tankstellenmarkt zu beobachten sind, bleibt abzuwarten, ob eine empirische Uberprüfung mittels aktueller Daten nicht zu einer Veränderung der Ergebnisse führt.

The role of excess capacity in determining market power in natural gas transportation markets

2007 ◽  
Vol 32 (3) ◽  
pp. 209-223 ◽  
Author(s):  
R. Preston McAfee ◽  
Philip J. Reny
Keyword(s):  
Natural Gas ◽  
Market Power ◽  
Excess Capacity

The Market for Audit Services: The Role of Market Power

2020 ◽  
Vol 19 (3) ◽  
pp. 3-8
Author(s):  
Tracy Ti Gu ◽  
Dan A. Simunic ◽  
Michael T. Stein ◽  
Minlei Ye ◽  
Ping Zhang
Keyword(s):  
Market Power ◽  
Firm Size ◽  
Academic Research ◽  
Audit Fees ◽  
Local Market ◽  
Capital Investments ◽  
Audit Firm ◽  
Big 4 ◽  
The Subject

ABSTRACT The market for audit services has been the subject of extensive academic research since the 1970s. The prevailing view is that audit markets are characterized by tiers of suppliers (Big 4 versus non-Big 4, and industry specialists versus non-specialists) where the upper tier suppliers produce and sell a systematically higher level of assurance, while competition among suppliers within tiers is essentially perfect and a uniform price prevails within the submarkets. We discuss three papers that challenge this orthodoxy. These papers argue and find that the price of an audit is essentially unique to each (auditor, client) pair and that this price depends on both audit firm size and client size. Furthermore, audit firm size is linked with the firm's capital investments, which enhance auditor efficiency and market power. We conclude that audit markets are atomistic and that local market power is an important determinant of audit prices and audit fees.

Conclusion

2021 ◽  
pp. 206-228
Author(s):  
Stephen E. Gent ◽  
Mark J. C. Crescenzi
Keyword(s):  
Market Power ◽  
Caspian Sea ◽  
International Institutions ◽  
Policy Implications ◽  
Conflict Behavior ◽  
Future Research ◽  
Gray Zone ◽  
The Caspian Sea ◽  
Power Politics

This concluding chapter addresses some additional aspects of market power politics and outlines several implications of this study for scholars and policymakers. First, to complement the previous case studies of violence and strategic delay, it provides a brief discussion of Russia’s decision to abandon a delay strategy and agree to a settlement of the long-running dispute over the Caspian Sea. It then outlines a set of questions for future research on market power politics. Next, the chapter reflects upon how the research in the book informs an understanding of international relations. It highlights some important lessons concerning the effects of market structure on conflict behavior and the limitations of international institutions. It then contemplates the future role of gray zone tactics by countries like Russia and China. The chapter concludes with a discussion of some of the policy implications that follow from this research.

Asymmetric pricing dynamics with market power: investigating island data of the retail gasoline market

2018 ◽  
Vol 58 (5) ◽  
pp. 2181-2221 ◽  
Author(s):  
Woo-Hyung Hong ◽  
Daeyong Lee
Keyword(s):  
Market Power ◽  
Gasoline Market ◽  
Retail Gasoline ◽  
Asymmetric Pricing ◽  
Pricing Dynamics

scholarly journals Innovative growth: the role of market power and negative selection

2019 ◽  
Vol 29 (6) ◽  
pp. 603-624 ◽  
Author(s):  
Hannu Piekkola ◽  
Jaana Rahko
Keyword(s):  
Market Power ◽  
Negative Selection

Die Fehlbewertung junger Aktiengesellschaften beim Gang an die Börse – Ursachen und wirtschaftspolitische Konsequenzen

2003 ◽  
Vol 52 (1) ◽  
Author(s):  
Christine Ploog ◽  
Michael Stolpe
Keyword(s):  
Market Power ◽  
Initial Public Offerings ◽  
Investment Banks ◽  
Policy Options ◽  
Public Offerings ◽  
Speculative Bubbles ◽  
Privatisation Programme ◽  
Welfare Implications

AbstractThis paper discusses policy options to reduce underpricing in initial public offerings (IPOs). It surveys recent theoretical insights into the causes and welfare implications of underpricing and reviews evidence on the signalling hypothesis, the winner’s curse model, the role of underwriters in assessing issuing firms’ future profitability and the genesis of speculative bubbles in IPO markets. The paper concludes that governments should curtail the abuse of market power in underwriting by prohibiting the allocation of shares to insiders and by reducing the incentives for investment banks to exploit underpriced share issues in order to cross-subsidise unrelated lines of business. Moreover, governments should seek to stabilize the IPO market by committing themselves to regular equal-sized issues of shares in government assets as part of a long-term privatisation programme.

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