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American Economic Review Vol. 100 No. 3 2010

Vertical Relationships and Competition in Retail Gasoline Markets: Empirical Evidence from Contract Changes in Southern California: Reply

Justine Hastings

Department of Economics, Yale University and NBER. 37 Hillhouse Ave., New Haven, CT 06511.

Abstract

In their comment, Taylor, Kreisle and Zimmerman use gasoline price data taken from fleet card transactions at selected gasoline stations to re-examine a subset of results presented in Hastings (2004). Bringing new data to re-examine the question is a helpful contribution. Both data sets have limitations, potentially causing differences in the estimated effect. I worked with the authors to explore and understand the differences in the data sets and how they impact the estimates in both analyses, and conclude that the effects sizes are likely smaller in areas of overlap between the two data sets.

DOI
10.1257/aer.100.3.1277
Volume
100
Issue
3
Pages
1277-1279
Language
en
Sources
bibtex:phds-export.bib crossref openalex

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