imperfect competition

• Jonathan Zasloff
• January 2, 2013

Put That In Your Tank and Smoke It

The next time anyone tells you that an increase in gasoline prices (say, as part of a carbon-tax or a cap-and-trade system) would generate unbearable costs to consumers, think again.  The Los Angeles Times reports something that I have often seen but never really thought through: gasoline stations often a couple block away from each …

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