Competition in a Spatial Retail Petroleum Market (Paperback)

This thesis examines the behaviour of retail petroleum markets, with a case study examining prices in Perth, Australia. The aim of the thesis is two-fold. Firstly, it aims to extend the Edgeworth Cycles literature by showing how a simple, distance-based model of duopolistic competition can give rise to Edgeworth Cycles. Secondly, it makes use of the results of this model to build a model of the structure of the Perth market and to explore competition in that network. In the empirical component of the thesis, I explore whether network structure influences both the prices charged by each retail petroleum outlet and the shape of price cycles exhibited by each retail petroleum outlet. In addition, having performed a spectral analysis on prices and finding that most retail petroleum outlets do not follow a single cycle, but in fact use cycles of differing lengths, mostly seven and ten-day cycles, I explore whether network structure influences these choices or not. In the empirical analysis, I find evidence that network structure does, in fact, influence both price and the nature of cycles.

General

Imprint:	Lap Lambert Academic Publishing
Country of origin:	Germany
Release date:	February 2011
First published:	February 2011
Authors:	Nick Wills-Johnson
Dimensions:	229 x 152 x 15mm (L x W x T)
Format:	Paperback - Trade
Pages:	256
ISBN-13:	978-3-8383-3156-0
Categories:	Books > Business & Economics > Economics > General
LSN:	3-8383-3156-7
Barcode:	9783838331560

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