exactly, in my opinion the whole economy is headed in this direction but it
seems particularly egregious where oil is concerned.

On 11/8/05, Cameron Childress <[EMAIL PROTECTED]> wrote:
>
> And a more recent Yale study on the effect of Thrifty's buyout of ARCO
> in Southern Califonia. Essentially this is a case study on the effect
> of independant smaller gas companies being bought up by larger ones:
>
> http://aida.econ.yale.edu/~jh529/Hastings_Final_VertInt092803.pdf
>
> Conclusions include:
>
> "The analysis shows that the presence of independent retailers
> acts to decrease local retail prices."
>
> and...
>
> "This model predicts that when independents are replaced by branded
> integrated stations price competition in the market is softened,
> resulting in higher local market prices."
>
> :)
>
> -Cameron
>
> 

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