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Entry Regulation Asymmetries and Petrol Competition in a Mixed Motorway Network

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  • Daniel Albalate
  • Jordi Perdiguero

Abstract

Regulatory and funding asymmetries in the Spanish motorway network produce huge differences in the structure of petrol markets. While competition is encouraged among petrol stations on free motorways, the regulations for toll motorways allow private concessionaires to auction all petrol stations to the same provider, thereby limiting competition and consolidating market power. This paper reports how this regulatory asymmetry results in higher prices and fewer stations. Specifically, we empirically show that competition is constrained on toll motorways by the granting of geographical monopolies. The lack of competition would seem to account for the price differential between toll and free motorways. © 2015 LSE and the University of Bath

Suggested Citation

  • Daniel Albalate & Jordi Perdiguero, 2015. "Entry Regulation Asymmetries and Petrol Competition in a Mixed Motorway Network," Journal of Transport Economics and Policy, University of Bath, vol. 49(4), pages 603-625, October.
    • Handle: RePEc:tpe:jtecpo:v:49:y:2015:i:4:p:603-625
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    Cited by:

    1. Balaguer, Jacint & Ripollés, Jordi, 2021. "Does multimarket contact affect prices in the retail fuel industry? First empirical evidence," Energy Economics, Elsevier, vol. 93(C).
    2. Bergantino, Angela Stefania & Intini, Mario & Perdiguero, Jordi, 2020. "Pay cycles and fuel price: a quasi experimental approach," The Warwick Economics Research Paper Series (TWERPS) 1288, University of Warwick, Department of Economics.
    3. Balaguer, Jacint & Ripollés, Jordi, 2020. "Do classes of gas stations contribute differently to fuel prices? Evidence to foster effective competition in Spain," Energy Policy, Elsevier, vol. 139(C).

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