Pesaresi, Enrico; Flanagan, Conor; Miteva, Boryana - In: The Analysis of Competition Policy and Sectoral Regulation
It is widely believed that fuel prices tend to rise swiftly when oil prices increase, but take longer to fall after oil prices decrease. This ¡°rockets and feathers¡± pattern could be due to tacit collusion at some level of the supply chain. We test the ¡°rockets and feathers¡±...