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

Table 2 Static disequilibrium switching estimation 2

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

  Variable Parameter Bartlett weighs, truncation lag = 64
Demand-side equation   φ 0 24.17** [0.00]
(0.62)
D t φ 1 − 8.91** [0.00]
(1.19)
P t φ 2 − 11.19** [0.00]
(0.06)
CPI t φ 3 9.71** [0.00]
(0.09)
  EXP t φ 4 7.15** [0.00]
(0.13)
  P Gas φ 5 − 3.21** [0.00]
(0.06)
  Y t φ 6 6.26** [0.00]
(0.00)
Supply-side equation P t φ 7 − 0.82 [0.41]
(0.09)
C t φ 8 4.31** [0.00]
(0.09)
PPI φ 9 -5.31** [0.00]
(0.15)
P W t φ 10 − 1.18 [0.24]
(0.08)
  1. Q t =φ 0 +φ 1 D t +φ 2 dd P t +φ 3 dd CPI t +φ 4 dd EXP t +φ 5 dd P Gas +φ 6 ddY t +ν dt 7 ds P t 8 ds C t +φ 9 ds PPI+φ 10 ds P W t +ν st . All variables are in log scales and all prices are real price data. Values without the brackets presents fully modified Phillips–Hansen t-statistic, values in () shows standard errors, and values in [] displays p values
  2. **Significant at the 1% and *Significant at the 5%