Influence of the Introduction of New Service Stations in the Retail Price: Evidences from the Daily Analysis of the Spanish Liberalised Market
The liberalization of the oil sector has led to the emergence of new agents and new typologies of service stations that have altered the configuration of the market and its play rules, modifying an oligopolistic status quo towards free competition. The purpose of this paper is twofold. In first place, to carry out a complete assessment of the Spanish market since July 2014 with daily data, observing the price influence of the new types of stations emerged in the liberalized framework. Secondly, to assess the competitive impact of these stations at the regional and national levels, to determine if the pressures of the
major players cause differences at regional level, by stopping the entry of competition by preventing the expansion of new types of stations.
Julio Navío Marco UNED