In this paper we examine if Slovak retail gasoline and diesel prices respond more quickly when crude oil price rises … to be basic tool for the analysis of asymmetric retail price reaction of gasoline and diesel. The explanatory variable is … the link between the gasoline and diesel markets, we assume a common co-integration relationship. Therefore, we also …

gasoline & motor oil. The engine for the analysis is a matrix of “intra-budget” coefficients that represent the direct …