{"product_id":"competition-in-a-spatial-retail-petroleum-market-von-nick-wills-johnson","title":"Competition in a Spatial Retail Petroleum Market","description":"\u003cp\u003eThis 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.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838331560\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838331560","offer_id":39469174128733,"sku":"9783838331560","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/e83e25aa-7883-4f0d-8f58-ad87da29e34d.jpg?v=1776496803","url":"https:\/\/shop.autorenwelt.de\/products\/competition-in-a-spatial-retail-petroleum-market-von-nick-wills-johnson","provider":"Autorenwelt Shop","version":"1.0","type":"link"}