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After controversial public debates, fuel price regulations were implemented in Austria prohibiting fuel retailers from raising their prices more than once per day. This paper investigates whether these policy measures affected the price transmission dynamics from crude oil prices to retail fuel...
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In this paper, we revisit the unsettled discussion of whether retail fuel oil prices respond asymmetrically to oil price shocks. Using a novel micro approach that considers each price spell separately; we find evidence of pass-through asymmetry in the fuel oil market in Turkey. With our approach...
Persistent link: https://www.econbiz.de/10010941459
This article provides an overview of the burgeoning academic literature on price dynamics and price cycles in retail petrol markets. I first present evidence of petrol price cycles, and studies that describe what types of petrol markets tend to exhibit price cycles. I further discuss empirical...
Persistent link: https://www.econbiz.de/10013106567
The purpose of the present paper is to test for asymmetry in the Greek retail gasoline price adjustments to crude oil … price changes for the period January 2005-July 2012.The empirical analysis provides evidence that the adjustment of gasoline … gasoline prices when crude oil prices fall, but rush to increase them when crude oil prices rise, in an effort to maximise …
Persistent link: https://www.econbiz.de/10012926819
This paper sheds new light on the asymmetric short-run dynamics of US gasoline prices. The odel is inspired by Pindyck …-run market dynamics. We show that after February 1999 asymmetry in gasoline price dynamics is caused by changes in the net … marginal convenience yield: higher costs of marketing and storage lead to rising gasoline prices, whereas a drop in these costs …
Persistent link: https://www.econbiz.de/10014206336
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whether there exists any correlation among the trajectories followed by national prices in the gasoline and diesel markets … investigate the impact of tax and duty implementation on the co-movements of the prices. The empirical findings show that diesel … markets have a more pronounced pattern of price co-movements compared to the gasoline markets. Moreover, the application of …
Persistent link: https://www.econbiz.de/10014636012
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