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    Retail gasoline markets as networks

    134345_17241_CRAE WP201006 Bloch WillsJohnson Retail Gas.pdf (522.8Kb)
    Access Status
    Open access
    Authors
    Bloch, Harry
    Wills-Johnson, Nick
    Date
    2010
    Type
    Working Paper
    
    Metadata
    Show full item record
    Citation
    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
    URI
    http://hdl.handle.net/20.500.11937/9651
    Collection
    • Curtin Research Publications
    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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