In Indonesia, consumers can choose to consume either high or low quality gasoline based on their preferences. Changing preference to a higher quality that is affected by the declining relative price can lead to an Alchian-Allen (A-A) phenomenon. This study aims to determine whether the A-A Phenomenon occurs on the behavior of consumers before and after the existence of Pertalite. The regression model used is the panel data regressions and the regression result proves that there is an A-A phenomenon in market share in Indonesia before and after Pertalite. This indicates that the high difference of relative prices between high and low quality gasolines has a negative impact towards their relative consumption. Prior to Pertalite, consumers continued changing preference into high quality gasoline in the 2nd and 3rd month intervals when relative price difference decreased. After the existing of Pertalite, consumers did not quickly transfer their preferences from Premium to Pertalite when the relative price declined, so that the A-A phenomenon did not occur in this low and middle grade gasoline consumption pattern. However, Pertamax's consumption to Pertalite increases when the relative price between them declines; thus raising the A-A phenomenon. This implies that the government of Indonesia could use their authority to make arrangements on price differences between gasoline qualities
| Published by | Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya |
| Journal Name | Journal of Economics, Business, and Accountancy | Ventura |
| Contact Phone | - |
| Contact Name | - |
| Contact Email | - |
| Location | Kota surabaya, Jawa timur INDONESIA |
| Website | jebav| https://journal.perbanas.ac.id/index.php/jebav| |
| ISSN | ISSN : 20873735, EISSN : 2088785X, DOI : http://dx.doi.org/10.14414/jebav, |
| Core Subject | Economy, |
| Meta Subject | Economics, Econometrics & Finance, |
| Meta Desc | Journal of Economics, Business and Accountancy (JEBAV) addresses economics, business, banking, management and accounting issues that are new developments in business excellence and best practices, and methodologies to determine these in manufacturing and financial service organisations. It considers all aspects of economics and business, including those management and accounting and economics with other fields of inquiry. JEBAV published by Research Center and Community Services STIE Perbanas Surabaya, East Java, Indonesia. |
| Penulis | Widyastuti, Nur Laila , Hartono, Djoni |
| Publisher Article | STIE Perbanas Surabaya |
| Subtitle Article | Journal of Economics, Business, & Accountancy Ventura Vol 22, No 2 (2019): August - November 2019 |
| Scholar Google | http://scholar.google.com/scholar?q=%2Bintitle%3A&… |
| View Article | https://journal.perbanas.ac.id… |
| DOI | https://doi.org/10.14414/jebav.v22i… |
| DOI Number | DOI: 10.14414/jebav.v22i2.1697 |
| Download Article [1] | https://journal.perbanas.ac.id/index.php… |
| Download Article [2] |
Informasi yang terkait dengan Premium, pertalite or pertamax: an empirical study of Alchian Allen phenomenon on gasoline consumer behavior
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