Synthetic control method at the pump: The Petro-Canada/Suncor merg
Can Erutku () and
Vincent Hildebrand ()
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Can Erutku: Glendon College, York University
Economics Bulletin, 2017, vol. 37, issue 4, 2537-2544
We use the synthetic control method to measure the impact of the 2009 merger between Suncor and Petro-Canada on retail gasoline prices in Toronto. We find that the merger did not lead to a substantial lessening of competition, perhaps due to the divestiture process or from the remaining effective competition post-merger. Because the analysis is very economical in terms of data requirement, the synthetic control method may be useful in antitrust analysis and merger control, particularly in industries where products are relatively homogeneous.
Keywords: Synthetic control; Gasoline; Merger (search for similar items in EconPapers)
JEL-codes: L1 L4 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-17-00617
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