Price collusion and deregulation in the Japanese retail gasoline market

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper estimates models for the retail price of gasoline in Tokyo and Osaka based on recent game theory emphasizing the importance of forward-looking behaviour by firms. Using monthly data for the 1990s, this paper presents evidence consistent with the theory that future changes in the economic environment firms face do have an impact on the current retail price of gasoline. Some evidence is also presented that suggests the behaviour of retail prices has changed over the time period being examined.

Original languageEnglish
Pages (from-to)187-195
Number of pages9
JournalMathematics and Computers in Simulation
Volume59
Issue number1-3
DOIs
Publication statusPublished - 2002 May 10
Externally publishedYes

Fingerprint

Collusion
Deregulation
Gasoline
Game theory
Game Theory
Economics
Face
Estimate
Market
Gasoline market
Retail
Retail prices
Business
Evidence
Model

Keywords

  • Collusion
  • Deregulation
  • Game theory
  • Gasoline
  • Pricing behaviour

ASJC Scopus subject areas

  • Information Systems and Management
  • Control and Systems Engineering
  • Applied Mathematics
  • Computational Mathematics
  • Modelling and Simulation

Cite this

Price collusion and deregulation in the Japanese retail gasoline market. / Goto, Ujo; Mckenzie, Colin R.

In: Mathematics and Computers in Simulation, Vol. 59, No. 1-3, 10.05.2002, p. 187-195.

Research output: Contribution to journalArticle

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