Understanding Price Leadership in Fiji’s Energy Market
Prasad, Biman Chand, Narayan, Paresh Kumar, and Abraham, Joel (2023) Understanding Price Leadership in Fiji’s Energy Market. Energy Research Letters, 4 (4). pp. 1-4.
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Abstract
In this note, we explore price leadership in Fiji’s energy market. Using key energy prices, such as oil, diesel, premix, kerosene and motor spirits, we propose a price leader model. The price discovery model and its theory were proposed by Westerlund, Reese, and Narayan (2017). Using an application of this model to Fiji’s energy price data, we unravel evidence that premix is the market leader with a 54.8% market share followed by the oil price (33.9%). From these results, we draw implications for price regulations and identify the future direction for energy policy.
| Item ID: | 82148 |
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| Item Type: | Article (Research - C1) |
| ISSN: | 2652-6433 |
| Keywords: | Energy market, Fiji, Price discovery |
| Copyright Information: | This is an open-access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CCBY-SA-4.0). View this license’s legal deed at https://creativecommons.org/licenses/by-sa/4.0 and legal code at https://creativecommons.org/licenses/by-sa/4.0/legalcode for more information. |
| Date Deposited: | 20 Mar 2024 02:07 |
| FoR Codes: | 38 ECONOMICS > 3801 Applied economics > 380105 Environment and resource economics @ 100% |
| SEO Codes: | 28 EXPANDING KNOWLEDGE > 2801 Expanding knowledge > 280108 Expanding knowledge in economics @ 100% |
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