HETEROGENEITY OF MARKET POWER IN RUSSIAN RETAIL GASOLINE MARKETS

DOI: 10.36871/ek.up.p.r.2020.11.02.014
UDC 339.13.012

Authors

M. E. FILKIN,
Candidate of Economic Sciences, Senior Researcher, Central Economics and Mathematics Institute RAS, Moscow, Russia

Abstract

The paper is devoted to empirical monitoring of the gasoline market structure in Russian Federation. Concentration indices of the retail gasoline market in all Federal subjects of Russia are determined. The relationship between the average level of gasoline prices in the region and the concentration level expressed by the Herfindahl – Hirschman index, as well as the volume of production of the corresponding brand of gasoline in the Federal district to which the region belongs, is analyzed. We revealed a weakly positive relationship between prices and level of concentration and a weakly negative correlation between price and level of production in the regions.

Keywords

gasoline, competition, market concentration, market power, Herfindahl – Hirschman index, regional market.