Levy Baits and Exterior Conventional Ventures in Gasoline Industry in the Technological Stage of Development

The study focused on levy baits and exterior conventional ventures in the gasoline industry in the technological stage of development. It was aimed at evaluating the various levy baits granted that could by the government and how these levy baits affect the exterior conventional venture in the gasoline industry in the technological stage of development/ developing nation. To achieve the objectives of the study, expost facto research design was adopted and data were collected from secondary sources such as verified financial reports of the international gasoline corporations operating in the Nigerian gasoline industry and these data were analysed using a regression technique. Findings revealed that there is a significant relationship between levy baits and exterior conventional venture in the gasoline firms that were considered. Therefore, it was concluded that levy baits could be used by the government of developing nations to enhance exterior conventional ventures for maximum impact. Research limitations/implications were that: Time series data were used; Microeconomic variables were assumed constant which may not be true; and the findings are limited to one industry. The practical implications based on the findings of the study were: That internal revenue should be boosted by thinning out the exterior venture base of the economy from gasoline to none gasoline, refining all the by-products of gasoline at home, while interior industrial undertakings should be strengthened. The social implication is that the poor system of human capital development coupled with poor exterior conventional venturing, which had been the likely elements for the non-existence of national growth and enhancement would be improved with the application of the results of the research. The study is original and has great value and contribution to the world of business.

Who Benefits from Information Disclosure? The Case of Retail Gasoline

How does online price disclosure affect competition when both consumers and firms can use the disclosed information? This paper addresses this question exploiting the sequential implementation of an online price-disclosure policy in the Chilean retail gasoline industry. The results show that disclosure increased margins by 9 percent on average, though the effects varied across the country depending on the intensity of local search behavior. Because margins increased the least, and even decreased, in high-search areas, where income is also higher, the results also show that price disclosure policies may have important distributional effects. (JEL D83, L11, L71, L81, O13, Q35, Q41)

Learning to Coordinate: A Study in Retail Gasoline

This paper studies equilibrium selection in the retail gasoline industry. We exploit a unique dataset that contains the universe of station-level prices for an urban market for 15 years, and that encompasses a coordinated equilibrium transition mid-sample. We uncover a gradual, three-year equilibrium transition, whereby dominant firms use price leadership and price experiments to create focal points that coordinate market prices, soften price competition, and enhance retail margins. Our results inform the theory of collusion, with particular relevance to the initiation of collusion and equilibrium selection. We also highlight new insights into merger policy and collusion detection strategies. (JEL G34, L12, L13, L71, L81, Q35)