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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%