Residential College | false |
Status | 已發表Published |
Competition and petrol pricing in the smartphone era: Evidence from Singapore | |
Ming-Hua Liu1; Dimitris Margaritis2; Yang Zhang1 | |
2016-02-01 | |
Source Publication | Economic Modelling |
ABS Journal Level | 2 |
ISSN | 0264-9993 |
Volume | 53Pages:144-155 |
Abstract | This 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. |
Keyword | Asymmetric Adjustment Diesel Price Fuel Pricing Petrol Price Price Rigidity Singapore |
DOI | 10.1016/j.econmod.2015.11.020 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Economics |
WOS ID | WOS:000370770400012 |
Scopus ID | 2-s2.0-84950265179 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Dimitris Margaritis |
Affiliation | 1.Faculty of Business Administration, University of Macau, Macao 2.University of Auckland Business School, New Zealand |
First Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Ming-Hua Liu,Dimitris Margaritis,Yang Zhang. Competition and petrol pricing in the smartphone era: Evidence from Singapore[J]. Economic Modelling, 2016, 53, 144-155. |
APA | Ming-Hua Liu., Dimitris Margaritis., & Yang Zhang (2016). Competition and petrol pricing in the smartphone era: Evidence from Singapore. Economic Modelling, 53, 144-155. |
MLA | Ming-Hua Liu,et al."Competition and petrol pricing in the smartphone era: Evidence from Singapore".Economic Modelling 53(2016):144-155. |
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