Edgeworth Price Cycles in Gasoline: Evidence from the U.S. by Federal Trade Commission

Edgeworth Price Cycles in Gasoline: Evidence from the U.S.

Federal Trade Commission

30 pages missing pub info (editions)

nonfiction politics
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Description

Studies of gasoline prices in multiple countries have found a repeated sequence of asymmetric cycles where a sharp price increase is followed by gradual decreases. This price pattern is linked to Maskin & Tirole's (1988) theoretical duopoly pr...

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