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- W2078554718 abstract "During the last twenty years, the Spanish petrol market has undergone an intensive restructuration process; it has changed from being a state-owned monopoly to total liberalization and privatization. This liberalization process was accompanied by measures that facilitated the creation of a “national champion,” the Repsol Group, which is a huge, vertically integrated company with a high market share in all the industry’s segments. Using a dynamic model, this paper analyses whether the prices established by companies in the Spanish gasoline market, after the restructuration process, fits with a tacit collusion equilibrium. The empirical results show that a strategic behaviour of companies occurs and is compatible with a tacit collusion price strategy. So, the restructuration process does not seem to have introduced effective competition into the Spanish gasoline market." @default.
- W2078554718 created "2016-06-24" @default.
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- W2078554718 date "2010-04-01" @default.
- W2078554718 modified "2023-10-16" @default.
- W2078554718 title "Dynamic pricing in the spanish gasoline market: A tacit collusion equilibrium" @default.
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- W2078554718 doi "https://doi.org/10.1016/j.enpol.2009.11.073" @default.
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