Gasoline price as social phenomenon
AbstractThe gasoline price transform into the social phenomenon by its role in economy. For the state, it is a source of budget revenue through indirect taxes, which in majority of countries make up most of the price. The upper bound of a gasoline price is limited by risk of mass protests. For the citizens a gasoline price affects the cost of living. The lower bound of this price is limited to possibility of the authorities to subsidize it. Balances of interests of the authorities and citizens are estimated for the gasoline prices deviating from the normal. Normal gasoline prices are offered as standard, with respect to which of the actual prices can distinguish high and low. We propose an econometric model for the estimation of the normal price. The analysis of the results of estimation is presented for 97 countries and the data for 2000, 2004 and 2006. Showing the problems emerging in Russia
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48720.
Date of creation: 30 Jul 2013
Date of revision:
gasoline price; normal price; budget revenue; oil rent; benefits and loses; mass protests;
Find related papers by JEL classification:
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- D4 - Microeconomics - - Market Structure and Pricing
- D49 - Microeconomics - - Market Structure and Pricing - - - Other
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-05 (All new papers)
- NEP-CIS-2013-08-05 (Confederation of Independent States)
- NEP-CWA-2013-08-05 (Central & Western Asia)
- NEP-ENE-2013-08-05 (Energy Economics)
- NEP-TRE-2013-08-05 (Transport Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rajeev K. Goel & Michael A. Nelson, 1999. "The Political Economy of Motor-Fuel Taxation," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 43-59.
- Kossov, Vladimir & Kossova, Elena, 2013. "The normal price. The case of the retail price of diesel fuel," MPRA Paper 48667, University Library of Munich, Germany, revised 12 Oct 2013.
- Vladimir Kossov & Elena Kossova, 2013. "International dispersion of retail diesel fuel prices and the estimation of normal price values," HSE Working papers WP BRP 27/EC/2013, National Research University Higher School of Economics.
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