Wlazlowski, Szymon; Giulietti, Monica; Binner, Jane; … - In: Journal of Business & Economic Statistics 30 (2011) 2, pp. 165-172
This article employs nonlinear smooth transition models to analyze the relationship between upstream and midstream prices of petroleum products. We test for the presence of nonlinearities in price linkages using both weekly series constructed using official EU procedures and also daily industry...
