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Thiago Cacicedo
''Cartels and asymmetric cost pass-through: evidence from Brazilian gas stations''
( 2022, Vol. 42 No.4 )
I analyse if collusive agreements are responsible for asymmetric cost pass-through in the Brazilian retail gasoline market. I find that, overall, Brazilian stations do not present asymmetric cost pass-through. However, this phenomenon is observed in stations that belong to a cartel. This different behavior is due to cartelised stations increasing their price more than non-cartelised ones when faced by increases in costs.
Keywords: cartels, asymmetric price transmission, gasoline market
JEL: L2 - Firm Objectives, Organization, and Behavior: General
D4 - Market Structure and Pricing: General
Manuscript Received : Jul 29 2022 Manuscript Accepted : Dec 30 2022

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