Békés, Gábor; Koren, Miklós; Zsohár, Péter - 2011
The theory of geographical markets is based on the notion that economic activity is not evenly spread and regional … inequalities have an impact on the decisions of economic agents. Retail gasoline markets are almost perfect examples of … geographical markets. The gasoline sold by the stations is a fairly homogeneous good and hence, stations compete for customers …