{"product_id":"9781502365552","title":"Regulatory Restrictions on Vertical Integration and Control: The Competitive Impact of Gasoline Divorcement Policies","description":"Gasoline \"divorcement\" regulations restrict the integration of gasoline refiners and retailers. Theoretically, vertical integration can harm competition, making it possible that divorcement policies could increase welfare; alternatively, these policies may reduce welfare by sacrificing efficiencies. This book attempts to differentiate between these possibilities by estimating a reduced form equation for the real retail price of unleaded regular gasoline. I find that divorcement regulations raise the price of gasoline by about 2.7[ per gallon, reducing consumers' surplus by over $100 million annually. This finding suggests that current proposals to further separate gasoline retailing from refining will be harmful to gasoline consumers.","brand":"CreateSpace Publishing","offers":[{"title":"Default Title","offer_id":48535663575281,"sku":"9781502365552","price":14.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0674\/5433\/7265\/files\/9781502365552_p0.jpg?v=1786371742","url":"https:\/\/shop.barnesandnoble.com\/products\/9781502365552","provider":"Barnes \u0026 Noble","version":"1.0","type":"link"}