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a steep increase in prices after price controls were lifted in 2006. The boycott led to an immediate decline in prices … low prices, would have been 30% higher but for the boycott, (ii) own price elasticities and especially cross price … other products, of new price controls, and of possibly class action law suits. …
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We estimate the effect of gasoline prices on short-run equilibrium prices and sales of new and used cars of different fuel economies. We find that gasoline prices have larger effects on the prices of used cars than of new cars, but that they have large effects on market shares and sales of new...
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