Market Power, Vertical Integration and the Wholesale Price of Gasoline

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Cementing Relationships: Vertical Integration, Foreclosure, Productivity, and Prices (2007, unknown): “The idea, as with Hastings and Gilbert (2005), is to identify inte- 24 As pointed out by Shea (1997), in the presence of multiple endogenous variables in a specification, instruments need not just be relevant to each endogenous variable; they must have linearly independent relevance to each.”
Competitive effects of vertical integration (2005, background): “Gilbert and Hastings (2002) studies gasoline distribution, and present evidence that a vertically integrated refiner charges higher wholesale prices in cities where it competes more with independent gas stations.”
Anticompetitive Effects of Common Ownership (2018, unknown): “Doing so, we follow Hastings and Gilbert (2005); Dafny, Duggan, and Ramanarayanan (2012) and many predecessors in the industrial organization literature, inside and outside the airline industry.”