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2015 | 46 | nr 1 | 77--95
Tytuł artykułu

Investigation of the Nature of Strategic Interactions in the Polish Wholesale Fuel Market: Statistical Analysis of a Market Structure and a Price Mechanism

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The study is devoted to preliminary analysis of the Polish petroleum industry and the wholesale level of the fuel market in the context of strategic interactions' research. In the paper, the structure of the Polish petroleum industry (refining sector) and the wholesale level of the market were analyzed, in order to extract every factors influencing the shape of theoretical strategic interaction model. As a result, the key characteristics of the industry, the wholesale market, the players and price creation mechanism have been isolated. Basing on that findings, the Author has pointed to essential elements of the theoretical model of strategic interactions (game model), which can be constructed as a possible model of players' behavior. (original abstract)
Rocznik
Tom
46
Numer
Strony
77--95
Opis fizyczny
Twórcy
  • Nicolaus Copernicus University in Toruń, Poland
Bibliografia
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  • Adamczyk, A., Witkowski, P., Putek-Szeląg, E. (2014), The fiscal and stimulus functions of the excise tax for motor fuels in Poland, "Zeszyty naukowe Uniwersytetu Szczecińskiegoˮ nr 818, Finanse, Rynki Finansowe, Ubezpieczenia nr 68.
  • Bejger, S. (2009), Econometric tools for detection of collusion equilibrium in the industry, "Dynamic Econometric Modelsˮ, 9, 27-38.
  • Bejger, S. (2015), Theoretical model of pricing behavior on the Polish wholesale fuel market, Univeristy of Szczecin, forthcoming.
  • DAF/COMP (2013), (18), Competition in road fuel - executive summary of that debate and the documents from the meeting, Organisation for Economic Co-operation and Devel-opment.
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  • Directors' report on the operations of PKN Orlen in 2013.
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  • Integrated Annual Reports, years 2004-2013, Grupa LOTOS S.A.
  • Kyoung-Min, L., Myunghwan, K., Chang Seob, K., Seung-Hoon, Y. (2012), Short-Run and Long-Run Elasticities of Diesel Demand in Korea, "Energiesˮ 5, 5055-5064.
  • Ming-Hua, L., Margaritis, D., Tourani-Rad, A. (2010), Is there an asymmetry in the response of diesel and petrol prices to crude oil price changes? Evidence from New Zealand, "Energy Economicsˮ 32, 926-932.
  • Perloff, J. M, Karp, L. S., Golan, A. (2007), Estimating market power and strategies, Cam-bridge University Press, Cambridge NY.
  • Petrol prices and Australian consumers: Report of the ACCC inquiry into the price of unleaded petrol, December 2007.
  • PKN Orlen Annual Report, years 2004 - 2013.
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  • Prospectus of Grupa LOTOS, 2014, Grupa LOTOS S.A.
  • Survey of the competitive aspects of oil and oil product markets in the EU (2009), A report to Directorate-General Energy and Transport of the European Commission.
  • The Polish Oil Industry and Trade Organisation Annual report, years 2007-2013.
  • Tirole, J. (1998), The Theory of Industrial Organization, The MIT Press, England.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171415019

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