Preview

Retail Gasoline Industry

Good Essays
Open Document
Open Document
42240 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Retail Gasoline Industry
COMPETITION IN THE RETAIL GASOLINE INDUSTRY by Jedidiah Brewer

_________________

A Dissertation Submitted to the Faculty of the DEPARTMENT OF ECONOMICS In Partial Fulfillment of the Requirements For the Degree of DOCTOR OF PHILOSOPHY In the Graduate College THE UNIVERSITY OF ARIZONA

2007

UMI Number: 3288772

UMI Microform 3288772 Copyright 2008 by ProQuest Information and Learning Company. All rights reserved. This microform edition is protected against unauthorized copying under Title 17, United States Code.

ProQuest Information and Learning Company 300 North Zeeb Road P.O. Box 1346 Ann Arbor, MI 48106-1346

2

THE UNIVERSITY OF ARIZONA GRADUATE COLLEGE As members of the Dissertation Committee, we certify that we have read the dissertation prepared by Jedidiah Brewer entitled Competition in the Retail Gasoline Industry and recommend that it be accepted as fulfilling the dissertation requirement for the Degree of Doctor of Philosophy
_______________________________________________________________________

Date: 11/08/07

Price Fishback
_______________________________________________________________________

Date: 11/08/07 Date: 11/08/07

Keisuke Hirano
_______________________________________________________________________

Stanley Reynolds

Final approval and acceptance of this dissertation is contingent upon the candidate’s submission of the final copies of the dissertation to the Graduate College. I hereby certify that I have read this dissertation prepared under my direction and recommend that it be accepted as fulfilling the dissertation requirement.

________________________________________________ Date: 11/08/07 Dissertation Director: Price Fishback

3

STATEMENT BY AUTHOR This dissertation has been submitted in partial fulfillment of requirements for an advanced degree at the University of Arizona and is deposited in the University Library to be made available to borrowers under rules of the Library. Brief



References: 150 Basker, Emek (2005a), “Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion,” The Review of Economics and Statistics, Vol 151 Eckert, Andrew (2002), “Retail Price Cycles and Response Asymmetry,” Canadian Journal of Economics, Vol 154 Zhu, Ting and Vishal Singh (2007), “Spatial Competition with Endogenous Location Choices: An Application to Discount Retailing,” University of Chicago Working Paper.

You May Also Find These Documents Helpful

  • Good Essays

    ECO365 Week 2 Simulation

    • 729 Words
    • 3 Pages

    References: Colander, D. C. (2010). Economics (8th ed.). New York, NY: McGraw-Hill. Retrieved April 11, 2013 from The University of Phoenix eBook Collection database.…

    • 729 Words
    • 3 Pages
    Good Essays
  • Best Essays

    An analysis of the competition indicates there is availability of substitute produces and threats of new competition entering every year. The retail industry provides steady competition among business and within departments of the organization. Target offers a wide variety of products and services, which leads to an immense competition pool. The organization provides services with photo development, pharmaceutical, prepared food with some locations having chain…

    • 2491 Words
    • 10 Pages
    Best Essays
  • Better Essays

    Wal-Mart Good or Bad?

    • 1471 Words
    • 6 Pages

    Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion, Review of Economics and Statistics 87:1 (February 2005) 174-183…

    • 1471 Words
    • 6 Pages
    Better Essays
  • Better Essays

    This research is being submitted on June 14, 2010, for Mr. Bergeen’s Microeconomics course at Rasmen College by John Divler.…

    • 1125 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Wal-Mart vs. Mom and Pop

    • 1746 Words
    • 7 Pages

    Dean, Andrea M and Sobel, Russell S. “Has Wal-Mart Buried Mom and Pop? The Impact of WalMart on Self Employment and Small Establishments in the United States.” Economic Inquiry, forthcoming…

    • 1746 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Costco Case Questions

    • 1266 Words
    • 6 Pages

    Competition in the North American wholesale club industry is high, with Costco being its leader at 56% of the market share. Main ways to compete are lower prices, more efficient operations, and reduced labor and overhead costs as well. Some of the clubs do the bare minimum in advertising while others, like BJ’s, spend more money on it (special Christmas radio advertisement and such). Out of the five competitive forces, the strongest is the rivalry between the competitors, because all of the players in this market attempt to offer high-quality products at lower prices. According to Figure 3.3, one of the reasons for rivalry amongst competitors to be strong is a relatively low cost to buyers to switch brands, and also if buyer demand is growing slowly, both of which are true in this case. All competitors in this industry are focusing on low margins on the products and high volumes of sales.…

    • 1266 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    "There are a lot of people who hate Wal-Mart. In the absence of data, they have a visceral reaction" (Neumark 1). Yet Walmart has strived to change that way americans think of walmart's impact on the economy."According to economic consulting firm Global Insight, the existence of Wal-Mart in the United States and its effect on consumer prices results in an annual cost savings of $263 billion, or roughly $895 per person. The study also concluded that Wal-Mart created 210,000 net new jobs last year and pays employees competitive wages."(Troy 1) This proves how Walmart has saved millions of dollars for the economy providing many jobs for the unemployed and the expansion of walmarts in diffrent areas saves alot of money for those locations. For example," If Wal-Mart's store penetration rate as it's found in Dallas/Fort Worth was applied to markets such as Chicago, Los Angeles and New York, that annual savings per person would be $763, $1,000 and $1,307,"(Troy 1). This shows us that Walmart itself is not negative impact on society but rather a positive one allowing America grow as a nation and allowing a huge industry like these help out in hard times like the ones we are seeing in present day. The economy we see today with many americans unemployed makes many wonder if they're…

    • 1020 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Foot Locker, Inc

    • 8902 Words
    • 36 Pages

    Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University.…

    • 8902 Words
    • 36 Pages
    Good Essays
  • Good Essays

    “The impact of Wal-Mart on the local economy” is an article based in a film released in 2005 called Wal-Mart: The High Cost of Low Prices. This article summarizes how Wal-Mart poor employment practices affect the local economy many ways in the United States with a great amount of controversy. According to statistics a typical Wal-Mart store hires anywhere from 150 to 350 new people but is estimated that more than half of Wal-Mart’s employees leave the company each year. One of the positive impacts of Wal-Mart is that it creates jobs but the quality of these jobs causes a big controversy. “An Article published in the New York Times by Steven Greenhouse states that that an internal audit of Wal-Mart in 2000 of 25,000 employees during a time period of one week found 60,767 missed breaks, 15,705 lost meal times, and 1,371 instances of minors working too late, too many hours in a day, or during the school day. Wal-Mart has undoubtedly created jobs, but the quality of the jobs has been reason for question”…

    • 747 Words
    • 3 Pages
    Good Essays
  • Best Essays

    As the world population continues to increase in wealth and ability to purchase a car, the demand for gasoline will rise and the supply must keep up. The interface between the suppliers of gasoline and the consumer is the gas station with daily changing prices for a gallon of gasoline. The variance of prices will either drive consumers away or bring them in, especially during peak travel seasons like summer and winter. The technological advancements of fuel efficient vehicles are a major competitor against gasoline, and with the specific engines becoming more popular ever year, the dependency on gasoline might weaken over the next few decades. Still, as for the present time gas stations are a necessity and with the current drop in gas prices the opening of two gas stations should have a stable flow of consumers leading to some profits after initial start-up…

    • 2157 Words
    • 9 Pages
    Best Essays
  • Satisfactory Essays

    Scarcity and Economics

    • 686 Words
    • 3 Pages

    -Roger A. Arnold, Economic in our Time, 1995, United state of America, Texas student Edition, Published by West publishing company.…

    • 686 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Clinical Decision Making

    • 14973 Words
    • 60 Pages

    A thesis submitted to the faculty of The University of Utah in partial fulfillment of the requirements for the degree of…

    • 14973 Words
    • 60 Pages
    Good Essays
  • Good Essays

    Apocalypse

    • 736 Words
    • 3 Pages

    This essay should be at least five pages long, typed and double spaced. A draft of this essay is due on Friday, March 15. The final draft is due on Wednesday, March 20 at 12:00 pm. Hard copies of Essay Five must be submitted at my office—HMNSS 2114. In addition, in order to receive credit for the assignment, an E-copy must be posted on Safe Assignment.…

    • 736 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    This Dissertation is brought to you for free and open access by Loyola eCommons. It has been accepted for inclusion in Dissertations by an authorized…

    • 28703 Words
    • 115 Pages
    Powerful Essays
  • Powerful Essays

    The West and North European service station networks consolidated further in 2012. Growth was reported in Central…

    • 8469 Words
    • 80 Pages
    Powerful Essays