Pennerstorfer, Dieter; Weiss, Christoph - In: Regional Science and Urban Economics 43 (2013) 4, pp. 661-675
We investigate the impact of local market power and ‘spatial clustering’ on prices in the retail gasoline market. The acquisition of Aral stations from BP in the Austrian gasoline market in 2003 provides a ‘quasi-experiment’ for identification of the causal effects of changes in spatial...