Asymmetries in Retail Gasoline Price Dynamics and Local Market Power

2007 ◽  
Author(s):  
George Deltas
Keyword(s):  
Market Power ◽  
Local Market ◽  
Price Dynamics ◽  
Gasoline Price ◽  
Retail Gasoline

RETAIL GASOLINE PRICE DYNAMICS AND LOCAL MARKET POWER*

2008 ◽  
Vol 56 (3) ◽  
pp. 613-628 ◽  
Author(s):  
GEORGE DELTAS
Keyword(s):  
Market Power ◽  
Local Market ◽  
Price Dynamics ◽  
Gasoline Price ◽  
Retail Gasoline

scholarly journals Estimating retail gasoline price dynamics: The effects of sample characteristics and research design

2020 ◽  
Vol 92 ◽  
pp. 104976
Author(s):  
George Deltas ◽  
Michael Polemis
Keyword(s):  
Research Design ◽  
Price Dynamics ◽  
Gasoline Price ◽  
Retail Gasoline ◽  
Sample Characteristics

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

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.

What matters for consumer sentiment in the euro area? World crude oil price or retail gasoline price?

2021 ◽  
pp. 105743
Author(s):  
Sofronis Clerides ◽  
Styliani-Iris Krokida ◽  
Neophytos Lambertides ◽  
Dimitris Tsouknidis
Keyword(s):  
Crude Oil ◽  
Euro Area ◽  
Oil Price ◽  
Consumer Sentiment ◽  
Crude Oil Price ◽  
Gasoline Price ◽  
Retail Gasoline ◽  
What Matters

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.

Sign in / Sign up

Export Citation Format

Share Document