A few important clarifications and caveats: 1. Rockets & Feathers do not necessarily reflect a lack of competition. Could also result from information issues (e.g. Cabral & Fishman 2012). Nonetheless, tacit collusion remains an important explanation. -->
Comments
2. Price rigidity has many reasons and manifests itself in manners beyond Rockets & Feathers. -->
Nonetheless I'd like to use this time to study how market power and tacit collusion interact with an inflationary environment.
THE END - thank you for your patience with my non-knowledge on how to make a thread on this platform