Price collusion and deregulation in the Japanese retail gasoline market

Ujo Goto, C. R. McKenzie

Research output: Contribution to journalConference article

4 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

Keywords

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

ASJC Scopus subject areas

  • Theoretical Computer Science
  • Computer Science(all)
  • Numerical Analysis
  • Modelling and Simulation
  • Applied Mathematics

Fingerprint Dive into the research topics of 'Price collusion and deregulation in the Japanese retail gasoline market'. Together they form a unique fingerprint.

  • Cite this