Thesis / Dissertation

Essays in Empirical Industrial Organization

Peng Xue, David Byrne (ed.)

Published : 2020

Abstract

This dissertation studies pricing behavior in the retail gasoline market. The main research questions are: How does traffic congestion affect market power of gas stations? How does traffic congestion affect equilibrium price dispersion between gas stations? Is gasoline price cycle consistent with Edgeworth Cycle in terms of how their shapes respond to aggregate demand elasticity? These questions are explored in three separate chapters respectively using unique datasets comprised of station-level gasoline price data and direction-specific road-level traffic data from metropolitan Sydney and the rest of New South Wales. Evidence from chapter 2 suggests that traffic congestion, through its imp..

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University of Melbourne Researchers