Learning to Coordinate : A Study in Retail Gasoline

  title={Learning to Coordinate : A Study in Retail Gasoline},
  author={David P. Byrne and Nicolas de Roos},
Theories of collusion have long focused on how collusive agreements are implemented, yet are silent on how they are initiated. This paper presents a novel empirical study of the ini­ tiation of tacit collusion. We exploit a unique dataset from a metropolitan retail gasoline market that contains the universe of station-level prices for 15 years. We study the… CONTINUE READING