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Investigation Of The Nature Of Strategic Interactions In The Polish Wholesale Fuel Market: Statistical Analysis Of A Market Structure And A Price Mechanism

Author

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  • Sylwester Bejger

    (Nicolaus Copernicus University)

Abstract

The study is devoted to preliminary analysis of the Polish petroleum industry and the wholesale level of the fuel market in the context of strategic interactions’ research. In the paper, the structure of the Polish petroleum industry (refining sector) and the wholesale level of the market were analyzed, in order to extract every factors influencing the shape of theoretical strategic interaction model. As a result, the key characteristics of the industry, the wholesale market, the players and price creation mechanism have been isolated. Basing on that findings, the Author has pointed to essential elements of the theoretical model of strategic interactions (game model), which can be constructed as a possible model of players’ behavior.

Suggested Citation

  • Sylwester Bejger, 2015. "Investigation Of The Nature Of Strategic Interactions In The Polish Wholesale Fuel Market: Statistical Analysis Of A Market Structure And A Price Mechanism," Acta Universitatis Nicolai Copernici, Ekonomia, Uniwersytet Mikolaja Kopernika, vol. 46(1), pages 77-95.
    • Handle: RePEc:cpn:umkanc:2015:p:77-95
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    References listed on IDEAS

    as
    1. Perloff,Jeffrey M. & Karp,Larry S. & Golan,Amos, 2007. "Estimating Market Power and Strategies," Cambridge Books, Cambridge University Press, number 9780521011143.
    2. Liu, Ming-Hua & Margaritis, Dimitris & Tourani-Rad, Alireza, 2010. "Is there an asymmetry in the response of diesel and petrol prices to crude oil price changes? Evidence from New Zealand," Energy Economics, Elsevier, vol. 32(4), pages 926-932, July.
    3. Sylwester Bejger, 2009. "Econometric Tools for Detection of Collusion Equilibrium in the Industry," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 9, pages 27-38.
    4. Rosa Abrantes-Metz, 2011. "Design and Implementation of Screens and Their Use by Defendants," Antitrust Chronicle, Competition Policy International, vol. 9.
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    Citations

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    Cited by:

    1. Sylwester Bejger, 2019. "Wholesale fuel price adjustment in Poland: examination of competi-tive performance," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(4), pages 385-412, December.
    2. Bejger Sylwester, 2016. "Theoretical Model of Pricing Behavior on the Polish Wholesale Fuel Market," Folia Oeconomica Stetinensia, Sciendo, vol. 16(1), pages 286-300, December.
    3. Sylwester Bejger, 2021. "Competition in a Wholesale Fuel Market—The Impact of the Structural Changes Caused by COVID-19," Energies, MDPI, vol. 14(14), pages 1-26, July.

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    More about this item

    Keywords

    wholesale fuel market; strategic behavior; descriptive statistics;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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