Competition in a spatial retail petroleum market
This thesis examines the behaviour of retail petroleum markets, with a case study examining prices in Perth, Australia. The aim of the thesis is two-fold. Firstly, it aims to extend the Edgeworth Cycles literature by showing how a simple, distance-based model of duopolistic competition can give rise...
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| Format: | Thesis |
| Language: | English |
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Curtin University
2010
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| Online Access: | http://hdl.handle.net/20.500.11937/197 |
| _version_ | 1848743310905049088 |
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| author | Wills-Johnson, Nick |
| author_facet | Wills-Johnson, Nick |
| author_sort | Wills-Johnson, Nick |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This thesis examines the behaviour of retail petroleum markets, with a case study examining prices in Perth, Australia. The aim of the thesis is two-fold. Firstly, it aims to extend the Edgeworth Cycles literature by showing how a simple, distance-based model of duopolistic competition can give rise to Edgeworth Cycles. Secondly, it makes use of the results of this model to build a model of the structure of the Perth market and to explore competition in that network.In the empirical component of the thesis, I explore whether network structure influences both the prices charged by each retail petroleum outlet and the shape of price cycles exhibited by each retail petroleum outlet. In addition, having performed a spectral analysis on prices and finding that most retail petroleum outlets do not follow a single cycle, but in fact use cycles of differing lengths, mostly seven and ten-day cycles, I explore whether network structure influences these choices or not. In the empirical analysis, I find evidence that network structure does, in fact, influence both price and the nature of cycles. |
| first_indexed | 2025-11-14T05:43:33Z |
| format | Thesis |
| id | curtin-20.500.11937-197 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T05:43:33Z |
| publishDate | 2010 |
| publisher | Curtin University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-1972017-02-20T06:42:04Z Competition in a spatial retail petroleum market Wills-Johnson, Nick retail petroleum markets prices Australia Edgeworth Cycles literature Perth competition This thesis examines the behaviour of retail petroleum markets, with a case study examining prices in Perth, Australia. The aim of the thesis is two-fold. Firstly, it aims to extend the Edgeworth Cycles literature by showing how a simple, distance-based model of duopolistic competition can give rise to Edgeworth Cycles. Secondly, it makes use of the results of this model to build a model of the structure of the Perth market and to explore competition in that network.In the empirical component of the thesis, I explore whether network structure influences both the prices charged by each retail petroleum outlet and the shape of price cycles exhibited by each retail petroleum outlet. In addition, having performed a spectral analysis on prices and finding that most retail petroleum outlets do not follow a single cycle, but in fact use cycles of differing lengths, mostly seven and ten-day cycles, I explore whether network structure influences these choices or not. In the empirical analysis, I find evidence that network structure does, in fact, influence both price and the nature of cycles. 2010 Thesis http://hdl.handle.net/20.500.11937/197 en Curtin University fulltext |
| spellingShingle | retail petroleum markets prices Australia Edgeworth Cycles literature Perth competition Wills-Johnson, Nick Competition in a spatial retail petroleum market |
| title | Competition in a spatial retail petroleum market |
| title_full | Competition in a spatial retail petroleum market |
| title_fullStr | Competition in a spatial retail petroleum market |
| title_full_unstemmed | Competition in a spatial retail petroleum market |
| title_short | Competition in a spatial retail petroleum market |
| title_sort | competition in a spatial retail petroleum market |
| topic | retail petroleum markets prices Australia Edgeworth Cycles literature Perth competition |
| url | http://hdl.handle.net/20.500.11937/197 |