Gasoline Price Differences: Taxes, Pollution Regulations, Mergers, Market Power, and Market Conditions
AbstractRetail and wholesale gasoline prices vary over time and across geographic locations due to differences in government policies and other factors that affect demand, costs, and market power. We use a two-equation, reduced-form model to determine the relative importance of these various factors using panel data for 48 states over nine years. We find that the variation in the price of crude oil has been virtually the only major factor contributing to gasoline price variations during the 1990s. Tax variations and mergers contribute substantially more to geographic price differentials than do price discrimination, cost factors, or pollution controls.
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Bibliographic InfoArticle provided by De Gruyter in its journal The B.E. Journal of Economic Analysis & Policy.
Volume (Year): 7 (2007)
Issue (Month): 1 (January)
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Web page: http://www.degruyter.com
Other versions of this item:
- Chouinard, Hayley & Perloff, Jeffrey M., 2002. "Gasoline Price Differences: Taxes, Pollution Regulations, Mergers, Market Power, and Market Conditions," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2m60j5tp, Department of Agricultural & Resource Economics, UC Berkeley.
- Chouinard, Hayley & Perloff, Jeffrey M, 2002. "Gasoline price differences: taxes, pollution regulations, mergers, market power, and market conditions," CUDARE Working Paper Series 951, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
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