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hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorBenoit, Sylvain
hal.structure.identifierLaboratoire d'Économie d'Orleans [UMR7322] [LEO]
dc.contributor.authorLucotte, Yannick
hal.structure.identifier
dc.contributor.authorRinguedé, Sébastien
dc.date.accessioned2019-09-19T14:25:03Z
dc.date.available2019-09-19T14:25:03Z
dc.date.issued2018
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/19853
dc.language.isoenen
dc.subjectRetail gasoline pricingen
dc.subjectPrice-setting behavioren
dc.subjectPrice stickinessen
dc.subjectLocalcompetitionen
dc.subject.ddc338.5en
dc.subject.classificationjelQ.Q4.Q43en
dc.subject.classificationjelL.L8.L81en
dc.subject.classificationjelL.L1.L11en
dc.subject.classificationjelD.D4.D40en
dc.titleCompetition and price stickiness: Evidence from the French retail gasoline marketen
dc.typeDocument de travail / Working paper
dc.description.abstractenUsing daily price quotes from about 8,000 French gas stations, this paper empirically analyses whether the level of competition determines the degree of price stickiness on the retail gasoline market. The degree of price rigidity is measured by the frequency of price changes, while the distance to the nearest station and the number of gas stations within a given radius are considered as proxies for local competition. The results confirm that local competition is an important determinant of the price-setting behavior of gas stations. Indeed, considering Ordinary Least Squares (OLS) and spatial regression models, we find that the degree of price rigidity is positively related to the distance to the nearest station, and negatively related to the concentration of firms in a given geographical area. This result can be notably explained by the fact that gas stations facing a high competitive pressure are more likely to adjust their prices more quickly and more frequently in response to crude oil price decreases than stations enjoying market power.en
dc.publisher.nameSSRN Working Paper Seriesen
dc.identifier.citationpages29en
dc.relation.ispartofseriestitleSSRN Working Paper Seriesen
dc.subject.ddclabelMicroéconomieen
dc.identifier.citationdate2018
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.date.updated2019-09-19T13:00:47Z
hal.identifierhal-02292332*
hal.version1*
hal.update.actionupdateFiles*
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