Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a cycle. It seems challenging to address this assumption...

Einführung -- Theoretisch-konzeptionelle und empirische Grundlagen der Untersuchung -- Bezugsrahmen und Hypothesen der Untersuchung -- Datensatz und Methodik der empirischen Untersuchung -- Ergebnisse der empirischen Untersuchung -- Zusammenfassung und Implikationen der Arbeit.

A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...