Edited by Emek Basker
This Handbook explores and critically examines current research in economics and marketing science on key economic issues in retailing and distribution. Providing a rich perspective for the discussion of public policy, contributions from several disciplines and continents range from the history of chains and the impact of multinational retailers on international trade patterns; to the US merger policy in the retail context, the rise of the Internet and consumer-to-consumer sales. This state-of-the-art Handbook is an essential reference for students and academics of economics and marketing science and offers outsiders valuable perspectives on operations research, data analytics, geography, and sociology.
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Chapter 16: Retail gasoline markets
In this chapter, a survey of the recent literature on retail gasoline markets is presented. Over a hundred papers explore static and dynamic pricing models and the determinants of gasoline price levels and price dispersion. Price phenomena like ‘rockets and feathers’ and Edgeworth price cycles have received particular attention. Retail gasoline prices and firm behavior in both an antitrust context, for example, merger and cartel studies, and in a regulatory context, for example, sales-below-cost and divorcement laws, among others, are also explored. A discussion of the recent transformation in the structure of gasoline retailing, and fruitful areas for future research, concludes the chapter.
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