ANP - price CV below 0.01 |
|
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|
|
|
ANP - lower retail price CV and higher wholesale price CV |
× |
|
|
|
× |
× |
× |
ANP - higher retail margin during cartel |
× |
|
× |
|
× |
|
|
ANP - higher retail margin during cartel [significant dummy] |
|
|
× |
× |
|
|
× |
ANP - margin increase in cartel region but not in comparable areas |
× |
|
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|
|
SBDC - higher retail margin during cartel |
× |
|
|
|
× |
× |
|
SBDC-average margin and margin CV negative correlation as cartel begins |
× |
|
|
|
|
× |
× |
SBDC-control region margin uncorr. with cartel region margin during cartel |
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SBDC-margin region positive cartel region dummy and negative interact |
× |
× |
× |
|
× |
|
|
|
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|
|
|
|
|
|
Local Corr. -average margin and margin CV correlation < -0.8 cartel vicinity |
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|
Local Corr. -average margin and margin CV local corr. < -0.8 at the cartel start |
× |
× |
|
|
|
|
|
Local Corr. -average margin and margin CV local corr. insignif. after cartel start |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GARCH - GARCH price volatility model negative dummy |
× |
|
|
|
|
|
|
GARCH - GARCH price mean model positive dummy |
|
|
|
|
|
|
|
GARCH - ARIMA price model positive dummy |
|
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|
|
|
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GARCH - realized price dispersion negative dummy |
|
|
|
|
|
|
|
GARCH - realized price CV negative dummy |
|
|
|
× |
|
|
|
|
|
|
|
|
|
|
|
SB - average price decrease break at cartel end date |
× |
|
|
× |
|
|
|
SB - price CV increase break at cartel start date |
|
|
|
× |
|
|
|
SB - price CV decrease break at cartel end date |
|
|
|
× |
|
|
|
SB - average margin increase break at cartel start date |
× |
× |
× |
|
× |
|
|
SB - average margin decrease break at cartel end date |
× |
× |
|
|
|
|
|
|
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|
Santa Maria - RS
|
São Luís - MA
|
Teresina
|
Vitória
|
Cartel Markers
|
Gas
|
Ethanol
|
Gas
|
Ethanol
|
Diesel
|
Gas
|
Gas
|
ANP - price CV below 0.01 |
|
|
× |
|
|
× |
|
ANP - lower retail price CV and higher wholesale price CV |
|
|
|
|
|
|
|
ANP - higher retail margin during cartel |
|
× |
× |
|
× |
× |
|
ANP - higher retail margin during cartel [significant dummy] |
|
× |
|
|
× |
× |
× |
ANP - margin increase in cartel region but not in comparable areas |
|
|
× |
|
× |
|
|
|
|
|
|
|
|
|
|
SBDC - higher retail margin during cartel |
|
× |
× |
|
× |
× |
|
SBDC-average margin and margin CV negative correlation as cartel begins |
|
|
× |
× |
× |
|
|
SBDC-control region margin uncorr. w/ cartel region margin during cartel |
|
|
|
|
|
|
|
SBDC-margin reg. positive cartel region dummy and negative interact |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Local Corr. -average margin and margin CV correlation < -0.8 cartel vicinity |
|
|
|
|
|
|
|
Local Corr. -average margin and margin CV local corr. < -0.8 at the cartel start |
× |
× |
× |
|
|
|
|
Local Corr. -average margin and margin CV local corr. insignif. after cartel start |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GARCH - GARCH price volatility model negative dummy |
|
|
|
|
|
|
× |
GARCH - GARCH price mean model positive dummy |
|
|
× |
|
× |
|
|
GARCH - ARIMA price model positive dummy |
|
|
× |
|
× |
× |
|
GARCH - actual price dispersion negative dummy |
× |
|
× |
|
× |
|
|
GARCH - actual price CV negative dummy |
|
|
× |
|
× |
|
|
|
|
|
|
|
|
|
|
SB - average price increase break at cartel start date |
|
|
|
|
|
|
|
SB - average price decrease break at cartel end date |
|
|
× |
|
|
|
|
SB - price CV increase break at cartel start date |
|
|
|
|
|
|
|
SB - price CV decrease break at cartel end date |
|
|
|
|
|
|
|
SB - average margin increase break at cartel start date |
|
|
|
|
|
|
|
SB - average margin decrease break at cartel end date |
|
|
× |
|
|
|
|