Experimental gasoline markets

Journal of Economic Behavior and Organization

Volumn 67, Issue 1, 2008, Pages 134-149

  Deck, Cary A ^a   Wilson, Bart J ^b  

^a UNIVERSITY OF ARKANSAS   (United States)

^b GEORGE MASON UNIVERSITY   (United States)

Author keywords

Asymmetric price adjustment; Experimental economics; Gasoline industry; Vertical integration; Zone pricing

Indexed keywords

EID: 44649168174     PISSN: 01672681     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jebo.2006.11.004     Document Type: Article

References (27)

1. Bacon R.W. Rockets and feathers: the asymmetric speed of adjustment of UK retail gasoline prices to cost changes. Energy Economics 13 (1991) 211-218
2. Barron J.M., and Umbeck J.R. The effects of different contractual arrangements: the case of retail gasoline markets. Journal of Law and Economics 27 (1984) 313-328
3. Blumenthal, R., 2000. Testimony of Connecticut Attorney General Richard Blumenthal before the House Judiciary Committee, April 7.
4. Borenstein S., Cameron A.C., and Gilbert R. Do gasoline prices respond asymmetrically to crude oil price changes?. Quarterly Journal of Economics 112 (1997) 305-339
5. Bulow J., Fischer J., Creswell J., and Taylor C. U.S. Midwest gasoline pricing and the spring 2000 price spike. The Energy Journal 24 (2003) 121-149
6. Burtman, B., 2000. Paying the price. SF Weekly November 29, available at: http://www.sfweekly.com/2000-11-29/news/paying-the-price/.
7. Cason T., and Friedman D. A laboratory study of customer markets. Advances in Economic Analysis & Policy 2 (2002) (Article 1)
8. Cason T., Friedman D., and Milam G. Bargaining versus posted price competition in customer markets. International Journal of Industrial Organization 21 (2003) 223-251
9. Castanias R., and Johnson H. Gas wars: retail gasoline fluctuations. Review of Economics and Statistics 75 (1993) 171-174
10. Davis, D.D., Korenok, O., 2005. Posted-offer markets in near continuous time: an experimental investigation. Working Paper, Virginia Commonwealth University.
11. Douglas, E., 2003. Station owners pump fists at oil companies. L.A. Times May 7, C1.
12. Durham Y. An experimental examination of double marginalization and vertical relationships. Journal of Economic Behavior and Organization 42 (2000) 207-229
13. Engle R., and Granger C. Co-integration and error correction: representation, estimation, and testing. Econometrica 55 (1987) 251-276
14. Granger C., and Lee T.H. Investigation of production, sales and inventory relationships using multicointegration and non-symmetric error correction models. Journal of Applied Econometrics 4 (1989) S145-S159
15. Hastings, J., 2002. Prepared statement before the committee on governmental affairs. Permanent subcommittee on investigations, United States Senate, May 2.
16. Hastings J. Vertical relationships and competition in retail gasoline markets: empirical evidence from contract changes in southern California. American Economic Review 94 1 (2004) 317-328
17. Isaac, R.M., Oaxaca, R., Reynolds, S., 1998. Competition and pricing in the Arizona gasoline market. Working Paper, University of Arizona.
18. Johnson R. Search costs, lags, and prices at the pump. Review of Industrial Organization 20 (2002) 33-50
19. Lockyer, B., 2000. Report on gasoline pricing in California. Office of the Attorney General of the State of California, May.
20. Longford N.T. Random Coefficient Models (1993), Oxford University Press, New York
21. Maskin E., and Tirole J. A theory of dynamic oligopoly. II. Price competition, kinked demand curves, and Edgeworth cycles. Econometrica 56 (1988) 571-599
22. Peltzman S. Prices rise faster than they fall. Journal of Political Economy 108 (2000) 466-502
23. Reilly B., and Witt R. Petrol price asymmetries revisited. Energy Economics 20 (1998) 297-308
24. Shepard A. Contractual form, retail price, and asset characteristics in gasoline retailing. RAND Journal of Economics 24 (1993) 58-77
25. Smith V.L. Microeconomic systems as an experimental science. American Economic Review 72 (1982) 923-955
26. Smith V.L. Economics in the laboratory. Journal of Economic Perspectives 8 (1994) 113-131
27. Vita M.G. Regulatory restrictions on vertical integration and control: the competitive impact of gasoline divorcement policies. Journal of Regulatory Economics 18 (2000) 217-233