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Capacity Expansions timing patterns in the United Kingdom’s petroleum refining industry between 1948 and 1998

By Mary-Paz Arrieta Paredes

Abstract

We try to get a handle on whether capacity expansion timing patterns in oligopoly among incumbents are followed. We study the United Kingdom ´s petroleum refining industry between 1948 and 1998. Using fixed-effects logit models, we find that U.K.´s refiners have not followed any definite capacity expansion-timing pattern.

Topics: L11 - Production, Pricing, and Market Structure; Size Distribution of Firms, L13 - Oligopoly and Other Imperfect Markets, L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels
Year: 2004
OAI identifier: oai:mpra.ub.uni-muenchen.de:32239

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