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Relevant market definition is still a key element of economic analysis of competition in the gasoline market. It is particularly difficult to handle when competition is local and market power is geographically constrained like is the case in the gasoline market. We analyse how the application of...
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Empirical evidence drawn from the economic literature points to a low level of competition in the retail petrol market … the majors on the grounds of suspected price manipulation in the retail petrol market. They are accused of cutting retail … for all petrol stations in Spain in the period 2009-2012, and a more detailed database for the city of Barcelona in 2013 …
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