Retail gasoline markets as networks
Access Status
Open access
Authors
Bloch, Harry
Wills-Johnson, Nick
Date
2010Type
Working Paper
Metadata
Show full item recordCitation
Bloch, Harry and Wills-Johnson, Nick. 2010. Retail gasoline markets as networks, Centre for Research in Applied Economics Working Paper Series: no. 201006 , Curtin University of Technology, School of Economics and Finance.
Faculty
Curtin Business School
The Centre of Research in Applied Economics (CRAE)
School
School of Economics and Finance
Collection
Abstract
The structure of a gasoline market can be an important element in the pricing choices of its participants. However, structure is often measured only indirectly by, for example, the number of independent sellers, or by seller density. Here we present a more direct and literal way of exploring market structure by representing it as a network. We use the structure of the network to delineate submarkets and present some measures from mathematical sociology which can be used to summarise aspects of network structure for use in further analysis. Although our case study here is in retail gasoline markets, the approach has broader application wherever spatial competition is important.
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