Competition and petrol pricing in the smartphone era: Evidence from Singapore
Liu,Ming Hua1; Margaritis,Dimitris2; Zhang,Yang1
Source PublicationEconomic Modelling
AbstractThis paper examines how pre-tax petrol and diesel prices in Singapore respond to changes in crude oil prices using an asymmetric error correction model. We pay particular attention to the effect increased use of smartphones may have had in altering the pattern of price adjustment as consumers become more informed about fuel prices and as search costs decline. The results suggest that increases in the use of smartphones and tablets have increased the estimated short-term response rate but only for the adjustment of retail prices to decreases in crude oil prices. We find no evidence of a smartphone effect for wholesale prices indicative of the different roles played by consumers in competition.
KeywordAsymmetric adjustment Diesel price Fuel pricing Petrol price Price rigidity Singapore
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Cited Times [WOS]:2   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionUniversity of Macau
Corresponding AuthorMargaritis,Dimitris
Affiliation1.Faculty of Business Administration,University of Macau,,Macao
2.University of Auckland Business School,,New Zealand
First Author AffilicationFaculty of Business Administration
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GB/T 7714
Liu,Ming Hua,Margaritis,Dimitris,Zhang,Yang. Competition and petrol pricing in the smartphone era: Evidence from Singapore[J]. Economic Modelling,2016,53:144-155.
APA Liu,Ming Hua,Margaritis,Dimitris,&Zhang,Yang.(2016).Competition and petrol pricing in the smartphone era: Evidence from Singapore.Economic Modelling,53,144-155.
MLA Liu,Ming Hua,et al."Competition and petrol pricing in the smartphone era: Evidence from Singapore".Economic Modelling 53(2016):144-155.
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