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Do classes of gas stations contribute differently to fuel prices? Evidence to foster effective competition in Spain

机译:加油站的课程是否有燃料价格与燃料价格不同?促进西班牙有效竞争的证据

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摘要

Despite the relatively large number of gas stations reached in Spain after decades of sectorial reforms, pre-tax fuel prices in the country remain systematically among the highest in the EU. The literature provides evidence suggesting that a low intensity of competition in the retail distribution could contribute to these casual observations. With the purpose of shedding light on ways to design effective competition measures, we conduct an empirical analysis of more than ten million observations containing information about prices, brands, and locations at the station level. This allows us to know whether the exit (entry) of some classes of stations have the ability to reduce the prices of nearby competitors. Our results suggest that the presence in a local market of a station belonging to the network of the dominant market companies will tend to generate prices above the average. This is not only because these stations set higher prices but also because their presence will give rise to overpricing by local competitors. The opposite occurs with the self-advertised as "low-cost" stations. Policy measures promoting the gradual exit of stations associated with the dominant companies seem quite reasonable in view of the commitment to the transition toward transport decarbonization.
机译:尽管西班牙达到了相对大量的燃气站,但在几十年的持部门改革之后,该国的税前燃料价格在欧盟最高的最高速度。文献提供了证据表明零售分销中的低强度可能导致这些随意观察。随着阐明途径来设计有效竞争措施的途径,我们对载有电台层面的价格,品牌和地点的信息有超过一百万观察的实证分析。这使我们能够知道某些类别的出口是否有能力降低附近竞争对手的价格。我们的研究结果表明,属于主导市场公司网络的地方的当地市场的存在将倾向于产生高于平均价格的价格。这不仅是因为这些电台设定了更高的价格,而且因为他们的存在将引起当地竞争对手的过度估计。与“低成本”站自发布的相反发生。促进与主导公司相关的车站逐步退出的政策措施鉴于对运输脱碳的过渡的承诺来说似乎是合理的。

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