THE IMPACT OF OIL REFINERY MARKET POWER ON RETAIL FUEL PRICES IN THE EUROPEAN UNION

THE IMPACT OF OIL REFINERY MARKET POWER ON RETAIL FUEL PRICES IN THE EUROPEAN UNION

The present study investigates the degree to which imperfect competition in the oil sector affects end retail prices. Specifically, we test how positive and negative price shocks in the oil market translate to final retail prices for petrol, diesel, and heating oil prices, focusing on the asymmetry...

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Bibliographic Details
Main Authors: Aras Zirgulis, Liutauras Petručionis, Maik Huettinger
Format: Article
Language:English
Published: Vilnius University Press 2017-01-01
Series:Ekonomika
Subjects:
Imperfect Competition
Oil industry
Retail fuel price
Price asymmetry
Petrol
Heating oil
Online Access:https://www.journals.vu.lt/ekonomika/article/view/10327

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