Gas Wars: Retail Gasoline Fluctuations
AbstractThis paper examines the retail gasoline price fluctuations known as "gas wars." Weekly prices for the Los Angeles area were examined for the period from January 2, 1968 through December 23, 1975. The observed fluctuations were remarkably regular and, apparently, large ly predictable. The data appear consistent with the recent game theory model of E. Maskin and J. Tirole in which competing firms produce Edgeworth cycles by undercutting each other and eventually relenting. Copyright 1993 by MIT Press.
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Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 75 (1993)
Issue (Month): 1 (February)
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- L. Bettendorf & S. A. van der Geest & G. H. Kuper, 2009.
"Do daily retail gasoline prices adjust asymmetrically?,"
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- Bettendorf, Leon & Geest, Stephanie van der & Kuper, Gerard, 2005. "Do daily retail gasoline prices adjust asymmetrically?," CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research 200503, University of Groningen, CCSO Centre for Economic Research.
- Leon Bettendorf & Stephanie van der Geest & Gerard Kuper, 2005. "Do Daily Retail Gasoline Prices adjust Asymmetrically?," Tinbergen Institute Discussion Papers, Tinbergen Institute 05-040/2, Tinbergen Institute.
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- Deck, Cary A. & Wilson, Bart J., 2008. "Experimental gasoline markets," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 67(1), pages 134-149, July.
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