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the number of price changes has almost tripled between 2007 and 2010. At the same time, economic theory suggests that … gasoline retail markets are prone to collusive behavior. Oligopoly market structures prevail, market interactions occur … day or they limit the mark-up for gasoline retail prices. As theoretical predictions about the impact of these measures …
Persistent link: https://www.econbiz.de/10013048977
Economic theory suggests that gasoline retail markets are prone to collusive behavior. Oligopoly market structures … welfare these rules either restrict the number of price changes per day or they limit the markup for gasoline retail prices … effects, using an experimental gasoline market in the lab. Our results reveal that two of the suggested rules rather decrease …
Persistent link: https://www.econbiz.de/10009515979
This paper investigates the impact of ethanol blending mandates on retail fuel prices in the United States. It uses the modifications of three microeconomics models - partial equilibrium theoretical model by de Gorter and Just, partial equilibrium simulation model of Drabik et al. and Wu and...
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In May 2007 the Federal Trade Commission failed to win a preliminary injunction in U.S. District Court that would have blocked the merger of two refiners that served Albuquerque, NM and surrounding areas. This study compares estimates of the post-merger price effect to the price effects...
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