This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It … on the determination of U.S. oil and gasoline prices. It discusses the reasons for the persistent wedge between U … have not translated to lower U.S. gasoline prices. It also examines the role of shale oil in causing the 2014 oil price …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel … stability and leads to the break-up of the cartel in the adjacent market. Cartel prosecution can also have a waterbed effect …

between competitive and collusive basing-point pricing. We define a measure for the likelihood of collusion that can be used … screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel … stability and leads to the break-up of the cartel in the adjacent market. Cartel prosecution can also have a waterbed effect …

Economic theory suggests that gasoline retail markets are prone to collusive behavior. Oligopoly market structures … inquiry in Germany backed suspicions of tacit collusion and suggested to adopt regulatory pricing rules for gas stations … welfare these rules either restrict the number of price changes per day or they limit the markup for gasoline retail prices …