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Gasoline Prices (gasoline + price)
Selected AbstractsGasoline demand, pricing policy and social welfare in the Islamic Republic of IranOPEC ENERGY REVIEW, Issue 2 2007Majid Ahmadian This study estimates the gasoline demand function for the Islamic Republic of Iran, using the structural time series model over the period 1968-2002, and uses it to estimate the change in social welfare for 2003 and 2004, of a higher gasoline price policy. It is found that short- and long-run demand price elasticities are inelastic, although the response is greater in the long run. Hence, social welfare is estimated to fall because of the higher gasoline price (ceteris paribus). However, allowing all variables in the model to change, social welfare is estimated to increase since the changes in the other variables more than compensate for the negative effects of the policy. [source] A theory of quality-related differences in retail margins: why there is a ,premium' on premium gasolineECONOMIC INQUIRY, Issue 4 2000JM Barron This paper develops a theory of vertical and horizontal product differentiation to explain observed price-cost margin differentials for goods that differ in quality. The difference in price-cost margins between the high- and low-quality goods is shown to depend positively on consumers' average valuation for incremental increases in quality and positively on the distance to each competitor's closest rival. These predictions are largely supported using an extensive station-level data set of premium and regular unleaded gasoline prices from the Los Angeles Basin area from 1992,1995. [source] THE ECONOMIC EFFECTS OF THE MARATHON-ASHLAND JOINT VENTURE: THE IMPORTANCE OF INDUSTRY SUPPLY SHOCKS AND VERTICAL MARKET STRUCTURE,THE JOURNAL OF INDUSTRIAL ECONOMICS, Issue 3 2007CHRISTOPHER T. TAYLOR This study measures the effects of the Marathon/Ashland Petroleum (MAP) joint venture on rack and retail reformulated (RFG) gasoline prices in the four cities where both firms sold RFG before the joint venture. MAP was an early transaction in the recent era of petroleum mergers and resulted in large regional increases in concentration. While wholesale (rack) prices increased in the two cities experiencing the largest change in market structure in the year following the transaction, retail prices did not increase. Our results also highlight the importance of identifying the marginal source of supply in correctly identifying merger effects. [source] The Use of Gasoline: Value, Oil, and the "American way of life"ANTIPODE, Issue 3 2009Matthew T. Huber Abstract:, While the critical literature has focused on the geography of oil production, the politics of "outrageous" gasoline prices in the United States provide a fertile path toward understanding the wider geography of petro-capitalism. Despite the deepening contradictions of US oil consumption, "pain at the pump" discourse projects a political sense of entitlement to low priced gasoline. I use a value-theoretical perspective to examine this politics as not only about the quantitative spectrum of price, but also the historical sedimentation of qualitative use-values inscribed in the commodity gasoline. Gasoline is analyzed both as a use-value among many within the postwar value of labor power and as a singular use-value fueling broader imaginaries of a national "American way of life." While use-value still represents an open site of cultural and political struggle infused within value itself, the case of gasoline illustrates how use-values are not automatically mobilized toward politically savory ends. [source] | ||||||||||