Mizon, Grayham E; Safford, J Claire; Thomas, Stephen H - In: Economica 57 (1990) 226, pp. 249-62
This paper rejects the hypothesis that relative commodity price changes are normally distributed using monthly U.K. data from 1962 to 1983. The presence of skewness in the distribution of price changes across commodities suggest that the asymmetric price response hypothesis may be a good...