gasoline and diesel demand as separate commodities. Dynamic UK transport oil demand functions are estimated using the Seemingly … from a model without them. As an example, a zero elasticity for a price-cut is found (for both gasoline and diesel … importance of joint modelling of gasoline and diesel demand incorporating both asymmetric price responses and stochastic …

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 … effective in terms of gasoline prices but may need further refinements to effectively tackle diesel prices as well. …