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Relazioni verticali e determinazione del prezzo nella distribuzione di carburanti in Italia

Author

Listed:
  • Giuseppe Colangelo

    () (Università dell'Insubria, Como Cranec, Università Cattolica, Milano)

  • Gianmaria Martini

    () (Università di Bergamo)

Abstract

This paper investigates the vertical relations in the Italian retail gasoline industry to study their effects on the retail price. The retailer, in presence of a quantity-decreasing unit discount scheme on the gasoline purchased, has to decide whether to follow the retail price recommended by his refiner (hence letting the latter implement an RPM) or to change it. We show that the retailer, under a regime of price liberalization, very often wants to charge a retail price higher than the recommended level (overpricing). Only by chance the retailer confirms the recommended price (i.e. RPM), while only in very special cases he sets a lower price (underpricing).

Suggested Citation

  • Giuseppe Colangelo & Gianmaria Martini, 2003. "Relazioni verticali e determinazione del prezzo nella distribuzione di carburanti in Italia," Rivista di Politica Economica, SIPI Spa, vol. 93(5), pages 113-154, September.
  • Handle: RePEc:rpo:ripoec:v:93:y:2003:i:5:p:113-154
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    Cited by:

    1. Alderighi, Marco & Baudino, Marco, 2015. "The pricing behavior of Italian gas stations: Some evidence from the Cuneo retail fuel market," Energy Economics, Elsevier, vol. 50(C), pages 33-46.

    More about this item

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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