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Energy Markets: Estimates of the Effects of Mergers and Market Concentration on Wholesale Gasoline Prices
Energy Markets: Estimates of the Effects of Merger

Our Price: $30.00
By Mark Gaffigan (au); Thomas McCool (au)
Year: 2009
Pages: 70
Binding Paperback

Product Code: 1437918581

Between 2000 and 2007 there were 1,088 oil industry mergers. Given the potential for price effects, it was recommended that the FTC  undertake more regular retrospective reviews of past petroleum industry mergers. This report determines how mergers and market concentration -- a measure of the number and market shares of firms in a market -- affected wholesale gasoline prices since 2000. The auditor examined the effects of mergers and market concentration using an economic model that ruled out the effects of many other factors. He consulted with a number of experts and used both public and private data in developing the model. The model was tested under a variety of assumptions to address some of its limitations. Charts and tables.

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