Allies or rivals? Spatial price competition in the Chinese retail gasoline market of inner Mongolia

IF 1.5 3区经济学 Q2 ECONOMICS

Spatial Economic Analysis Pub Date : 2022-09-27 DOI:10.1080/17421772.2022.2118361

Yihua Yu, Jian Cui, Chuwen Huang, Hanfang Yang

引用次数: 2

Abstract

ABSTRACT This study examines the pricing behaviour in the gasoline market using station-level pricing data from Inner Mongolia, China. The spatial econometric findings confirm that: (1) there is a significant spatial dependence among gas stations; (2) the two state-owned oil giants, PetroChina and Sinopec, receive a positive pricing effect from their brands compared with other stations; (3) there is no significant evidence of price competition among PetroChina stations, and some evidence of competition among Sinopec stations, and more intense competition among other stations; and (4) ‘stand-alone’ (no stations nearby) stations have a price premium, but the premium is limited by the price regulation. Our results show the heterogeneity in pricing behaviour between stations, implying the need for differentiated policies to ensure orderly competition in the retail gasoline market.

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盟友还是对手?内蒙古汽油零售市场空间价格竞争研究

摘要:本研究利用内蒙古加油站的价格数据，考察了汽油市场的定价行为。空间计量分析结果表明:(1)加油站间存在显著的空间依赖性;(2)与其他加油站相比，中石油和中石化这两家国有石油巨头的品牌具有正向的定价效应;(3)中石油加油站之间没有明显的价格竞争，中石化加油站之间存在一定的竞争，其他加油站之间的竞争更为激烈;(4)“独立”(附近没有加油站)加油站有价格溢价，但溢价受到价格监管的限制。我们的研究结果显示了加油站之间定价行为的异质性，这意味着需要采取差异化政策来确保零售汽油市场的有序竞争。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Spatial Economic Analysis ECONOMICS-

CiteScore

5.40

自引率

21.70%

发文量

期刊介绍： Spatial Economic Analysis is a pioneering economics journal dedicated to the development of theory and methods in spatial economics, published by two of the world"s leading learned societies in the analysis of spatial economics, the Regional Studies Association and the British and Irish Section of the Regional Science Association International. A spatial perspective has become increasingly relevant to our understanding of economic phenomena, both on the global scale and at the scale of cities and regions. The growth in international trade, the opening up of emerging markets, the restructuring of the world economy along regional lines, and overall strategic and political significance of globalization, have re-emphasised the importance of geographical analysis.