New research shows how petrol retailers pushed prices up in Perth
- Written by David Byrne, Lecturer, Department of Economics, University of Melbourne
Big petrol retailers are pushing the price of petrol up by communicating through prices and while this is technically legal, it should be receiving more scrutiny from regulators because it’s what researchers call tacit collusion (also known as price leadership). New analysis of retailers in Perth over a period of five years shows this...
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