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A Survey of Collusion in Gasoline Markets
with Alexandra Putzova and Alena Zemplinerova
Abstract. This paper describes and surveys in a comprehensive way theoretical and empirical tools that might be used to analyze pricing mechanisms on gasoline markets. The theoretical part reviews static and dynamic oligopoly models. The latter suggest how can collusion be achieved without any explicit agreement. The empirical part surveys studies identifying and explaining asymmetry of price responses and empirical tests of models of collusion in gasoline markers. The results are further supported by several experimental studies.
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