The Competitive Impact of Hypermarket Retailers on Gasoline Prices
Hypermarkets are large retail suppliers of general merchandise or grocery items that also sell gasoline, often at very low margins. This paper estimates the impact of hypermarkets on average state-level retail gasoline prices and margins. The empirical results indicate an economically and statistically significant price-decreasing effect of increased hypermarket competition. The estimations also suggest that refiners lower the delivered wholesale prices charged to their affiliated lessee-dealer and open-dealer stations in response to increased hypermarket competition, which in turn translates to lower retail (street) prices. The adoption of sales-below-cost laws may lessen the price-reducing effects from hypermarket competition.
Year of publication: |
2012
|
---|---|
Authors: | Zimmerman, Paul R. |
Published in: |
Journal of Law and Economics. - University of Chicago Press. - Vol. 55.2012, 1, p. 27-27
|
Publisher: |
University of Chicago Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
State executions, deterrence, and the incidence of murder
Zimmerman, Paul R., (2004)
-
Zimmerman, Paul R., (2008)
-
Alcohol and rape : an "economics-of-crime" perspective
Zimmerman, Paul R., (2007)
- More ...