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Locational choice and price competition: some empirical results for the austrian retail gasoline market

In: Spatial Econometrics

Author

Listed:
  • Gerhard Clemenz

    (University of Vienna)

  • Klaus Gugler

    (University of Vienna)

Abstract

Using data from the Austrian retail gasoline market we find that a higher station density reduces average prices. Market (i.e. ownership) concentration does not significantly affect average price, however is negatively related to the density of stations. Estimation of the pricing and entry equations as simultaneous equations does not alter our conclusions, and suggests causality running from station density to price. We argue that the spatial dimension of markets allows the identification of market conduct, which is particularly relevant for competition policy.

Suggested Citation

  • Gerhard Clemenz & Klaus Gugler, 2009. "Locational choice and price competition: some empirical results for the austrian retail gasoline market," Studies in Empirical Economics, in: Giuseppe Arbia & Badi H. Baltagi (ed.), Spatial Econometrics, pages 223-244, Springer.
    • Handle: RePEc:spr:stecpp:978-3-7908-2070-6_12
    DOI: 10.1007/978-3-7908-2070-6_12
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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. Claudio-Pachecano, L. & Larralde, H., 2020. "Agglomeration or separation: Store patterns through an optimal location model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 542(C).

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