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firms act as a cartel. This effort is a first step towards studying the importance of ongoing structural changes in the oil …
Persistent link: https://www.econbiz.de/10012955791
Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline stations nationwide have carried the brand of the state-owned petroleum company Pemex and sold Pemex gasoline at federally regulated retail prices. This industry structure is changing,...
Persistent link: https://www.econbiz.de/10012920356
The main thrust of this report is the development of a price record that would provide a basis for the identification of the areas of activity in the oil industry in which significant price changes have occurred, with expectation that this type of information could serve as a useful ingredient...
Persistent link: https://www.econbiz.de/10013243951
This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. Although oil was used much differently and was substantially less important economically in the nineteenth century than it is today, there are...
Persistent link: https://www.econbiz.de/10013068515
Recently competition policy has become an important trade policy issue, since many policy makers now see competition … theoretical point of view and from the review of the recent development of the Japanese competition policy. While voluntary trade … positive international spillover on the export from foreign countries. Thus, the recent focus on competition policy from market …
Persistent link: https://www.econbiz.de/10013228236
from, individual markets. We show that this gives rise to a new mechanism by which a cartel can sustain a collusive … more likely to hold than its intensive margin counterpart. Specifically, it is demonstrated that Where duopoly competition … oligopolistic competition with a collusive fringe, and predatory entry. We also provide a theoretic foundation for the use of a …
Persistent link: https://www.econbiz.de/10013053469
it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10013056583
We study the question of whether there exist strategies whereby countries are able to sustain a cartel or collusive … scale in bargaining--if commitment were possible the countries would benefit from joint bargaining--a debtors' cartel will …
Persistent link: https://www.econbiz.de/10013246071
In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is little consensus as to the kinds of risk that matter - systematic versus non-systematic and industry-wide versus firm-specific - and the mechanisms through which they affect entry....
Persistent link: https://www.econbiz.de/10012764749
We consider the impact of domestic antidumping law in a two-country partial equilibrium model where domestic and foreign firms tacitly collude in the domestic market. Firms engage in an infinitely repeated game, with each period composed of a two-stage game. In the first stage each firm chooses...
Persistent link: https://www.econbiz.de/10013210568