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Less pain at the pump? The effects of regulatory interventions in retail gasoline markets

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  • Dewenter, Ralf
  • Heimeshoff, Ulrich

Abstract

Increasing price levels, high price volatility and the suspicion of collusive behavior are important topics of public debates on competition in retail gasoline markets in many countries. Several governments and competition authorities introduced fuel price regulations in form of restrictions on the frequencies of fuel price changes per day. We present empirical evidence of the effects of fuel price regulation in Austria and Western Australia using difference-in-differences methods to estimate treatment effects of the implementation of such pricing rules. Our estimates provide evidence that fuel price levels in Austria decreased after implementation of regulation. However, we cannot find robust significant effects of regulation on fuel price levels in Western Australia. --

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Paper provided by Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE) in its series DICE Discussion Papers with number 51.

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Date of creation: 2012
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Handle: RePEc:zbw:dicedp:51

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Cited by:
  1. Obradovits, Martin, 2012. "Austrian-style gasoline price regulation: How it may backfire," MPRA Paper 42529, University Library of Munich, Germany.
  2. Wittmann, Nadine, 2014. "Regulating gasoline retail markets: The case of Germany," Economics Discussion Papers 2014-17, Kiel Institute for the World Economy.
  3. Justus Haucap & Willi Diez & Hans-Joachim Otto & Heinz-J. Bontrup, 2012. "Steigende Benzinpreise: Fehlende Transparenz auf dem Öl- und Kraftstoffmarkt?," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 65(11), pages 03-15, 06.

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