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Market Power in Regional Retail Gasoline Markets? An Empirical Analysis / Marktmacht auf regionalen Märkten. Eine empirische Analyse am Beispiel des Kraftstoffmarktes in der Bundesrepublik Deutschland

Listed author(s):
  • Drescher Klaus

    ()

    (Department of Agricultural Economics, Christian-Albrechts-University Kiel, Olshausenstr. 40, D-24118 Kiel/Germany)

  • McNamara Kevin

    ()

    (Department of Agricultural Economics, Purdue University, 1145 Krannert Building, West Lafayette, IN 47907-1145/USA)

Registered author(s):

    This article discusses the relationship between gasoline prices and market structure. A Cournot model was used to test if national oil companies have local market power. The commonly held belief that national oil companies in Germany excercise market power was not empirically supported despite high national and regional concentration rates in the gasoline retail market. However, a further concentration of gas stations might lead to a change of the results in the future.

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    File URL: https://www.degruyter.com/view/j/jbnst.2001.221.issue-1/jbnst-2001-0102/jbnst-2001-0102.xml?format=INT
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    Article provided by De Gruyter in its journal Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik).

    Volume (Year): 221 (2001)
    Issue (Month): 1 (February)
    Pages: 1-13

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    Handle: RePEc:jns:jbstat:v:221:y:2001:i:1:p:1-13
    Contact details of provider: Web page: https://www.degruyter.com

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    1. Slade, Margaret E, 1987. "Interfirm Rivalry in a Repeated Game: An Empirical Test of Tacit Collusion," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 499-516, June.
    2. Cotterill, Ronald W, 1986. "Market Power in the Retail Food Industry: Evidence from Vermont," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 379-386, August.
    3. Marvel, Howard P, 1978. "Competition and Price Levels in the Retail Gasoline Market," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 252-258, May.
    4. Geithman, Frederick E & Marvel, Howard P & Weiss, Leonard W, 1981. "Concentration, Price and Critical Concentration Ratios," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 346-353, August.
    5. Severin Borenstein, 1991. "Selling Costs and Switching Costs: Explaining Retail Gasoline Margins," RAND Journal of Economics, The RAND Corporation, vol. 22(3), pages 354-369, Autumn.
    6. Andrea Shepard, 1993. "Contractual Form, Retail Price, and Asset Characteristics in Gasoline Retailing," RAND Journal of Economics, The RAND Corporation, vol. 24(1), pages 58-77, Spring.
    7. Phillips, Almarin, 1976. "A Critique of Empirical Studies of Relations between Market Structure and Profitability," Journal of Industrial Economics, Wiley Blackwell, vol. 24(4), pages 241-249, June.
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