Buy Here, or Keep Driving? The Effect of Geographic Market Density on Retail Gas Prices

Amy Schultheis (), Daniel N.K. Johnson, Kristina M. Lybecker and Devin Nadar
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Amy Schultheis: Accountant Assistant, Family Office Executive, TimBer LLC, Denver, CO 80202.
Daniel N.K. Johnson: Schlessman Professor of Economics, Colorado College, Colorado Springs, CO 80903, Tel (719)389-6654.
Kristina M. Lybecker: Associate Professor of Economics, Colorado College, Colorado Springs, CO 80903.
Devin Nadar: Senior Product Innovation Associate, Athenahealth, Watertown, MA 02472.

Journal of Business, 2016, vol. 1, issue 1, 12-20

Abstract: This paper examines whether the presence of local competitors affects the retail price of gasoline in mid-sized American cities. Spatial regression analysis permits an answer that is clear of potentially confounding statistical problems. Results continue to show small impacts of local competition, especially compared to other factors.

Keywords: Gas, Geography; Retail price; Spatial competition; Retail price. (search for similar items in EconPapers)
JEL-codes: D22 D42 L13 L81 L92 Q41 R12 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:lrc:larjob:v:1:y:2016:i:1:p:12-20

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