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Regulatory Restrictions on Vertical Integration and Control: The Competitive Impact of Gasoline Divorcement Policies
Product Code:
9781502365552
ISBN13:
9781502365552
Condition:
New
$17.47
Regulatory Restrictions on Vertical Integration and Control: The Competitive Impact of Gasoline Divorcement Policies
$17.47
Gasoline "divorcement" regulations restrict the integration of gasoline refiners and retailers. Theoretically, vertical integration can harm competition, making it possible that divorcement policies could increase welfare; alternatively, these policies may reduce welfare by sacrificing efficiencies. This book attempts to differentiate between these possibilities by estimating a reduced form equation for the real retail price of unleaded regular gasoline. I find that divorcement regulations raise the price of gasoline by about 2.7[ per gallon, reducing consumers' surplus by over $100 million annually. This finding suggests that current proposals to further separate gasoline retailing from refining will be harmful to gasoline consumers.
| Author: Federal Trade Commission |
| Publisher: Createspace Independent Publishing Platform |
| Publication Date: Sep 14, 2014 |
| Number of Pages: 30 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1502365553 |
| ISBN-13: 9781502365552 |
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