| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13882 |
| DP13882 Competition and Pass-Through: Evidence from Isolated Markets | |
| Christos Genakos; Mario Pagliero | |
| 发表日期 | 2019-07-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We measure how pass-through varies with competition in isolated oligopolistic markets with captive consumers. Using daily pricing data from gas stations on small Greek islands, we study how unanticipated and exogenous changes in excise duties (which vary across different petroleum products) are passed through to consumers in markets with different numbers of retailers. We find that pass-through increases from 0.4 in monopoly markets to 1 in markets with four or more competitors and remains constant thereafter. Moreover, the speed of price adjustment is about 60% higher in more competitive markets. Finally, we show that geographic market definitions based on arbitrary measures of distance across sellers, often used by researchers and competition authorities, result in significant overestimation of the pass-through when the number of competitors is small. |
| 主题 | Industrial Organization |
| 关键词 | Pass-through Tax incidence Gasoline Market structure Competition |
| URL | https://cepr.org/publications/dp13882-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542757 |
| 推荐引用方式 GB/T 7714 | Christos Genakos,Mario Pagliero. DP13882 Competition and Pass-Through: Evidence from Isolated Markets. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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