substantial price differences between gas from different export countries, and do prices move together? Time series of Norwegian …, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. Cointegration tests show that the different border … prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …

about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to …, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

This paper uses data on 5-year gasoline price expectations from the US Michigan Survey of Consumers to investigate … their role as a transmission channel for gasoline price shocks. Specifically, a Structural VAR model is estimated to carry … out counterfactual analysis which shows that gasoline price expectations act as a transmitter of gasoline price shocks to …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … explained by a large increase in gasoline prices. However, on average, gasoline price shocks account for only 39% of the … support for the conventional wisdom. Using a new structural vector regression model, however, we demonstrate that gasoline …

An individual’s initial experiences with a common good, such as gasoline, can shape their behavior for decades. We … incomes and those in cities. Combining data on many cohorts, we then show that large increases in gasoline prices between the …

Price Fixing Act on gasoline and diesel price levels. Using the synthetic control method, we construct a counterfactual and … Price Fixing Act came into effect, gasoline prices are 23.4% lower than the synthetic control predicts. The effect on diesel … price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level …

months, starting on 1 June 2022. Using the synthetic control method to compare actual prices of gasoline and diesel to those … price jump smaller than the size of the expiring tax reduction at the start of September. Our results are robust to …

case. To calculate tax incidence we derive demand elasticities, income elasticities and cross price elasticities for …