The effects of price competition on firms' operations and market price: Evidence from a retail gasoline market

We study the effects of price competition induced by entries of thrifty gas stations on incumbent gas stations' operational probabilities and gasoline prices. Using administrative panel data of the entire population of retail gas stations in South Korea, we document that entries of thrifty gas...

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Veröffentlicht in:	Energy economics 2022-04, Vol.108, p.105889, Article 105889
Hauptverfasser:	Koh, Kanghyok, Jeon, Sungho, Lee, Jinhyuk
Format:	Artikel
Sprache:	eng
Schlagworte:	Companies Competition Energy economics Entry effect Gasoline Gasoline price Heterogeneity Incumbency Markets Operational probability Panel data Price competition Prices Pricing Probability Profit margins Retail gasoline market Service stations Thrifty gas station policy
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