Replication data for: Collusion with Asymmetric Retailers: Evidence from a Gasoline Price-Fixing Case
Principal Investigator(s): View help for Principal Investigator(s) Robert Clark; Jean-François Houde
Version: View help for Version V1
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cartel_aej_data_code | 10/12/2019 11:36:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 07:36:PM |
Project Citation:
Clark, Robert, and Houde, Jean-François. Replication data for: Collusion with Asymmetric Retailers: Evidence from a Gasoline Price-Fixing Case. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114410V1
Project Description
Summary:
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We point out a fundamental difficulty of successfully colluding
in retail markets with heterogeneous firms, and characterize the
mechanism recent gasoline cartels in Canada used to sustain collusion. Heterogeneity in cost and network size necessitates arrangements whereby participants split the market unequally to favor stronger players. We characterize empirically the strategy and transfer mechanism using court documents containing summaries and extracts of conversations between participants. The mechanism implements transfers based on adjustment delays during price changes. We estimate that these delays can translate into substantial transfers and provide examples in which they can substantially reduce deviation frequency.
Scope of Project
JEL Classification:
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K21 Antitrust Law
L12 Monopoly; Monopolization Strategies
L71 Mining, Extraction, and Refining: Hydrocarbon Fuels
L81 Retail and Wholesale Trade; e-Commerce
K21 Antitrust Law
L12 Monopoly; Monopolization Strategies
L71 Mining, Extraction, and Refining: Hydrocarbon Fuels
L81 Retail and Wholesale Trade; e-Commerce
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