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Market power in the retail industry of natural gas for vehicles

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dc.citation.journalTitleRevista De Economia Aplicada
dc.contributor.authorGarcia, John J.
dc.contributor.authorVelasquez, Hermilson
dc.contributor.authorMauricio Montenegro, Carlos
dc.contributor.departmentUniversidad EAFIT. Departamento de Economía y Finanzasspa
dc.contributor.researchgroupResearch in Spatial Economics (RISE)eng
dc.date.accessioned2021-04-12T14:26:14Z
dc.date.available2021-04-12T14:26:14Z
dc.date.issued2014-01-01
dc.description.abstractThe gas distribution system for natural gas vehicles (NGV) in Colombia is highly concentrated, which gives the retail distributors market power. The pricing mechanism appears to approximate a Bertrand type of oligopolistic model, with a dominant firm setting the prices. An analysis using a Lerner index indicates that the market structure provides markup benefits of about 40[%]. An econometric analysis of the determinants of prices using panel data indicates that variables other than costs affect the retail price of natural gas provided to NGV. © 2014, Universidad de Zaragoza. All rights reserved.eng
dc.identifierhttps://eafit.fundanetsuite.com/Publicaciones/ProdCientif/PublicacionFrw.aspx?id=1244
dc.identifier.doi10.1016/j.apgeog.2014.08.016
dc.identifier.issn1133455X
dc.identifier.otherWOS;000346891500006
dc.identifier.otherSCOPUS;2-s2.0-84907743864
dc.identifier.urihttps://hdl.handle.net/10784/28021
dc.language.isoeng
dc.publisherUNIV ZARAGOZA
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84919675390&partnerID=40&md5=2b2166c992ac3c7bd7203c13b401a3df
dc.rightsUNIV ZARAGOZA
dc.sourceRevista De Economia Aplicada
dc.subject.keywordNatural Gas Vehicleeng
dc.subject.keywordmark-up of benefitseng
dc.subject.keywordmarket powereng
dc.subject.keywordretail marketeng
dc.titleMarket power in the retail industry of natural gas for vehicles
dc.typeinfo:eu-repo/semantics/article
dc.type.coarversionhttp://purl.org/coar/resource_type/c_6501
dc.type.localArtículospa
dc.type.redcolhttp://purl.org/redcol/resource_type/ARTREF
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublication

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