Skip to main content
Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 Static disequilibrium switching estimation 1

From: Market collusion and regime analysis in the US gasoline market

 

Variable

Parameter

Bartlett weighs, truncation lag = 64

Demand-side equation

 

γ 0

14.16** [0.00]

(0.89)

D t

γ 1

− 3.78** [0.00]

(0.94)

P t

γ 2

− 3.43** [0.00]

(0.03)

Y t

γ 3

2.87** [0.00]

(0.04)

 

Aut t

γ 4

10.21** [0.00]

(0.03)

Supply-side equation

P t

γ 5

3.07** [0.00]

(0.05)

P res t

γ 6

− 1.005 [0.92]

(0.03)

P dst t

γ 7

− 3.26 [0.74]

(0.05)

P w t

γ 8

− 0.02 [0.98]

(0.05)

RI t

γ 9

− 0.34 [0.73]

(0.07)

  1. Q t  = γ 0  + γ 1 D t  + γ 2 dd P t  + γ 3 dd Y t  + γ 4 dd Aut t  + ω dt  + γ 5 dsP t  + γ 6 ds P res t  + γ 7 ds P dst t  + γ 8 ds P w t  + γ 9 dsRI t  + ω st . All variables are in log scales and all prices are real price data. Values without the brackets present fully modified Phillips–Hansen t-statistic, values in () show standard errors, and values in [] display p values
  2. **Significant at the 1% and*Significant at the 5%
Back to article page