| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5078210 | International Journal of Industrial Organization | 2012 | 10 Pages |
Abstract
⺠Examines periodic price jumps that occur in gasoline markets with Edgeworth cycles ⺠an important coordination mechanism used during price restorations ⺠Particular retail chains act as a price leaders initiating cyclical price increases ⺠Leaders signal by simultaneously jumping and unifying prices at all their stations ⺠Ability to coordinate may help explain why cycles only occur in certain markets
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Matthew S. Lewis,