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Journal of Economic Structures

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 +φ 7 ds P t +φ 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%
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