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Price Distribution

Price distribution over 55 days • 1 price levels

Days at Price

Price Analysis

Most common price: £67 (55 days, 100.0%)

Price range: £67 - £67

Price levels: 1 different prices over 55 days

Description

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.

Product Specifications

Brand: LAP Lambert Academic Publishing
Format: paperback
ASIN: 3838331567
Category: Books > Subjects > Business, Finance & Law > Economics
Domain: Amazon UK
Release Date: 21 February 2011
Listed Since: 24 February 2011

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LAP Lambert Academic Publishing Competition in a Spatial Retail Petroleum Market

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It has never been this cheap. We have no record of a lower price.

LAP Lambert Academic Publishing Competition in a Spatial Retail Petroleum Market

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

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