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January 26, 2009
On the Effects of Suggested Prices in Gasoline Markets
Posted by D. Daniel Sokol
Riemer P. Faber (Erasmus School of Economics, Erasmus University Rotterdam) and Maarten C.W. Janssen (University of Vienna, and Erasmus School of Economics, Erasmus University Rotterdam) have some thoughts On the Effects of Suggested Prices in Gasoline Markets.
ABSTRACT: This article analyzes the role of suggested prices in the Dutch retail market for gasoline. Suggested prices are announced by large oil companies with the suggestion that retailers follow them. There are at least two competing rationales for the existence of suggested prices: they may either help retailers translate changes in international gasoline spot market prices into retail prices, or they may coordinate retail prices. We show that there is, next to the international spot market prices, additional information in suggested prices that explains retail prices. Therefore, we conclude that suggested prices help to coordinate retail prices.
January 26, 2009 | Permalink | Comments (0) | TrackBack
January 25, 2009
ICN Merger Workshop
Posted by D. Daniel Sokol
The 2009 ICN Merger Workshop will be held March 10 and 11, 2009.
January 25, 2009 | Permalink | Comments (0) | TrackBack
