SciELO - Scientific Electronic Library Online

 
vol.20 issue1The economic costs of insecurity on businesses in Mexico: A general equilibrium perspective author indexsubject indexsearch form
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • Have no similar articlesSimilars in SciELO

Share


EconoQuantum

On-line version ISSN 2007-9869Print version ISSN 1870-6622

Abstract

LARIOS FERRER, José Leonel; HELU JIMENEZ, Alejandro Montúfar  and  REYES GARCIA, Juan Carlos. Analysis of the decision-making power of the main Economic Interest Groups (GIEs) within the Mexican gasoline and diesel market with information up to October 2021. EconoQuantum [online]. 2023, vol.20, n.1, pp.101-126.  Epub June 09, 2023. ISSN 2007-9869.  https://doi.org/10.18381/eq.v20i1.7266.

Objective:

Analyze the decision-making power of the main Economic Interest Groups (GIEs) within the Mexican gasoline and diesel market as of October 2021.

Methodology:

Taking into account 20 main GIEs, game theory and simulations are applied in Scilab to determine the elements of the game generated in said market.

Results:

There is a great number and diversity of ways that GIEs have to be part of a dominant group in said market, where small groups can have relevance. In addition, it is found that the stability of the alliances depends on its solidity and its initial conditions.

Limitations:

Only the 20 main GIEs of the Mexican gasoline and diesel market are analyzed.

Originality and value:

No work was found in the literature that applied game theory to analyze these types of markets. The importance of doing this type of study lies in knowing the possible scenarios where a coalition of GIEs may have partial control of the market for these oil products.

Conclusions:

This type of study can contribute to decision-making by companies within said market and by the government, in its role as regulatory agent.

Keywords : Group Weighted Majority Game (GWMG); Difference Game (DG); Scilab Simulations; Economic Interest Groups (EIGs); Mexican Gasoline and Diesel Market; C71; C88; D71; D72; H10; L22; L71.

        · abstract in Spanish     · text in Spanish