Chouinard, Hayley; Perloff, Jeffrey - In: Contributions to Economic Analysis & Policy 7 (2007) 1, pp. 1599-1599
Retail and wholesale gasoline prices vary over time and across geographic locations due to differences in government policies and other factors that affect demand, costs, and market power. We use a two-equation, reduced-form model to determine the relative importance of these various factors...