The implications of mandatory low-cost fuel provision
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/16591 |
Resumo: | This work studies fuel retail firms’ strategic behavior in a two-dimensional product differentiation framework. Following the mandatory provision of “low-cost” fuel we consider that capacity constraints force firms to eliminate of one the previously offered qualities. Firms play a two-stage game choosing fuel qualities from three possibilities (low-cost, medium quality and high quality fuel) and then prices having exogenous opposite locations. In the highest level of consumers’ heterogeneity, a subgame perfect Nash equilibrium exists in which firms both choose minimum quality differentiation. Consumers’ are worse off if no differentiation occurs in medium and high qualities. The effect over prices from the mandatory “low-cost” fuel law is ambiguous. |
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The implications of mandatory low-cost fuel provisionTwo-dimensional product differentiationHeterogeneous quality preferencesLow-cost fuelMandatory provisionDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis work studies fuel retail firms’ strategic behavior in a two-dimensional product differentiation framework. Following the mandatory provision of “low-cost” fuel we consider that capacity constraints force firms to eliminate of one the previously offered qualities. Firms play a two-stage game choosing fuel qualities from three possibilities (low-cost, medium quality and high quality fuel) and then prices having exogenous opposite locations. In the highest level of consumers’ heterogeneity, a subgame perfect Nash equilibrium exists in which firms both choose minimum quality differentiation. Consumers’ are worse off if no differentiation occurs in medium and high qualities. The effect over prices from the mandatory “low-cost” fuel law is ambiguous.Barros, Pedro PitaRUNCipriano, Rodrigo Pina2016-03-01T11:45:41Z2016-012016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfapplication/pdfapplication/pdfhttp://hdl.handle.net/10362/16591TID:201529483enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:53:40Zoai:run.unl.pt:10362/16591Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:23:21.002667Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The implications of mandatory low-cost fuel provision |
title |
The implications of mandatory low-cost fuel provision |
spellingShingle |
The implications of mandatory low-cost fuel provision Cipriano, Rodrigo Pina Two-dimensional product differentiation Heterogeneous quality preferences Low-cost fuel Mandatory provision Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The implications of mandatory low-cost fuel provision |
title_full |
The implications of mandatory low-cost fuel provision |
title_fullStr |
The implications of mandatory low-cost fuel provision |
title_full_unstemmed |
The implications of mandatory low-cost fuel provision |
title_sort |
The implications of mandatory low-cost fuel provision |
author |
Cipriano, Rodrigo Pina |
author_facet |
Cipriano, Rodrigo Pina |
author_role |
author |
dc.contributor.none.fl_str_mv |
Barros, Pedro Pita RUN |
dc.contributor.author.fl_str_mv |
Cipriano, Rodrigo Pina |
dc.subject.por.fl_str_mv |
Two-dimensional product differentiation Heterogeneous quality preferences Low-cost fuel Mandatory provision Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Two-dimensional product differentiation Heterogeneous quality preferences Low-cost fuel Mandatory provision Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This work studies fuel retail firms’ strategic behavior in a two-dimensional product differentiation framework. Following the mandatory provision of “low-cost” fuel we consider that capacity constraints force firms to eliminate of one the previously offered qualities. Firms play a two-stage game choosing fuel qualities from three possibilities (low-cost, medium quality and high quality fuel) and then prices having exogenous opposite locations. In the highest level of consumers’ heterogeneity, a subgame perfect Nash equilibrium exists in which firms both choose minimum quality differentiation. Consumers’ are worse off if no differentiation occurs in medium and high qualities. The effect over prices from the mandatory “low-cost” fuel law is ambiguous. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-03-01T11:45:41Z 2016-01 2016-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/16591 TID:201529483 |
url |
http://hdl.handle.net/10362/16591 |
identifier_str_mv |
TID:201529483 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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_version_ |
1799137870540177408 |