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Gasoline Markets

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The New Palgrave Dictionary of Economics

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Abstract

Gasoline retail markets have traditionally attracted a lot of attention from researchers and policy makers. This entry reviews a set of questions studied by Industrial Organisation (IO) economists related to this market. The discussion is organised around three themes. The first reviews papers concerned with the transmission of cost shocks and the cyclical properties of gasoline prices. The second theme includes a variety of papers testing for market power, and providing evidence in favour of price discrimination, tacit collusion, differentiation and vertical restraints. Finally, the last section is devoted to papers evaluating the consequences of economic and environmental regulations in gasoline markets.

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  1. http://link.springer.com/referencework/10.1007/978-1-349-95121-5

    Jean-François Houde

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  1. Jean-François Houde
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Houde, JF. (2018). Gasoline Markets. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2930

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