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Rockets & feathers: the asymmetric speed of adjustment of UK retail gasoline prices to cost changes

Subtitle:
OIES paper: EE10
Abstract:

The determination of retail gasoline prices in the UK has long been the subject of debate. There have been three inquiries by the Monopolies and Mergers Commission (MMC), leading to the publication of the reports MMC (1965), (1979) and (1990), in which the industry was examined for evidence of non-competitive pricing and collusive behaviour. In the most recent inquiry a major point of concern was the suggestion that companies used their market power to set prices unjustifiably high relative t...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website
URN:
uuid:c12cb255-375d-4e87-86bb-384b4ed0c218
Local pid:
ora:10261
ISBN:
0-948061-33-2

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