콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General
Industry and Technology Energy

Print

Price leadership of the petroleum product market in Korea

Related Document
Frame of Image  is fragmented with non-brand gas stations. • Some argue that oligopoly is natural in process industries, and there actually exists some competition due to oversupply of petroleum products in Korea. • In this study, we assess the price competition of the market by analyzing the price setting mechanism of wholesale and retail participants.   In an attempt to establish reasonable prices of diesel and gasoline, the government came up with a series of measures to improve transparency and competition in the petroleum product market. • A task force was formed in 2011 to conduct a study
Korea Energy Economics Institute
1
on the fair price of petroleum products in Korea. The task force came up with several measures to encourage market competition in order to stabilize the prices of petroleum products. • The m e asu re s int ro du ce d in 2 0 1 2 inclu d e ; establishment of economical gas stations, introduction of an e-commerce market of petroleum products, and the sales mix program of multiple brands. However, whether these measures have changed the price setting mechanism has yet to be studied.
<Table 1> Summary of price leadership estimation of gasoline and diesel prices
Price leader Gasoline Wholesale price Retail price Local price Singapore, SK SK, NH, S-OIL Seoul, Busan, Daegu Diesel SK, Singapore SK, NH Seoul, Busan, Daegu
2. Why is this study needed?
  Analysis on price leadership in the petroleum product market provides crucial information about the market’s importance and c


Full Text
Title Price leadership of the petroleum product market in Korea
Similar Titles
Material Type Reports
Author(English)

Jung, Jun-hwan

Publisher

Ulsan:Korea Energy Economics Institute

Date 2015-04
Series Title; No Policy Issue Paper / 13-03
Pages 10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Industry and Technology < Energy
Holding Korea Energy Economics Institute