Taylor, Christopher T.; Kreisle, Nicholas M.; … - In: American Economic Review 100 (2010) 3, pp. 1269-76
In a paper in the March 2004 AER, Justine Hastings concludes that the acquisition of an independent gasoline retailer, Thrifty, by a vertically integrated firm, ARCO, is associated with sizable price increases at competing stations. To better understand the mechanism to which she attributes this...