Retail Gasoline Markets as Networks

20 Pages Posted: 26 Feb 2010

See all articles by Harry Bloch

Harry Bloch

Curtin University of Technology - Curtin Business School - School of Economics and Finance

Nick Wills-Johnson

DBP

Date Written: February 24, 2010

Abstract

The structure of a gasoline market can be an important element in the pricing choices of its participants. However, structure is often measured only indirectly by, for example, the number of independent sellers, or by seller density. Here we present a more direct and literal way of exploring market structure by representing it as a network. We use the structure of the network to delineate submarkets and present some measures from mathematical sociology which can be used to summarise aspects of network structure for use in further analysis. Although our case study here is in retail gasoline markets, the approach has broader application wherever spatial competition is important.

Keywords: Edgeworth Cycles, retail gasoline

JEL Classification: C65, L13, L81

Suggested Citation

Bloch, Harry and Wills-Johnson, Nick, Retail Gasoline Markets as Networks (February 24, 2010). Available at SSRN: https://ssrn.com/abstract=1558748 or http://dx.doi.org/10.2139/ssrn.1558748

Harry Bloch

Curtin University of Technology - Curtin Business School - School of Economics and Finance ( email )

Curtin University
GPO Box U 1987
Perth, 6845
Australia
+61 8 9266 2035 (Phone)
+61 8 9266 3026 (Fax)

Nick Wills-Johnson (Contact Author)

DBP ( email )

PO Box Z5267
St Georges Terrace
Perth, 6831
Australia

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