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Article
The Effect of the Repsol-YPF Merger on the Argentine Gasoline Market
Review of Industrial Organization (2002)
  • Germán Coloma, Universidad del Centro de Estudios Macroeconómicos de Argentina
Abstract

This paper presents alternative models of oligopoly behaviorfor the Argentine gasoline market and applies parametric estimations to analyze the effect that the Repsol-YPFmerger had on that market. Using monthly data for the different provinces of Argentina during 1998–2000,we make an evaluation of that effect. After performing a series of nested and non-nested hypothesis tests, weconclude that we cannot reject the hypothesis that the market was a Cournot oligopoly before the merger,and after that it became one with a price leader (Repsol-YPF). This implies an efficiency loss estimatedin more than $36 million per month.

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Publication Date
December, 2002
Citation Information
Germán Coloma. "The Effect of the Repsol-YPF Merger on the Argentine Gasoline Market" Review of Industrial Organization Vol. 21 Iss. 4 (2002)
Available at: http://works.bepress.com/german_coloma/12/