Quotation Clemenz, Gerhard, Gugler, Klaus. 2006. Locational Choice and Price Competition: Some Empirical Results for the Austrian Retail Gasoline Market. Empirical Economics 1-22.


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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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Empirical Economics
Citation Index SSCI
WU-Journal-Rating new VW-D
Language English
Title Locational Choice and Price Competition: Some Empirical Results for the Austrian Retail Gasoline Market
Year 2006
Page from 1
Page to 22

Associations

People
Gugler, Klaus (Details)
External
Clemenz, Gerhard (Universität Wien, Austria)
Organization
Research Institute for Regulatory Economics FI (Details)
Institute for Quantitative Economics IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5370 Industrial economics (Details)
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