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In a competitive market situation, a symmetric price transmission is expected, and the speed of adjustment of the market should be equal, no matter in which direction input prices are going (up or down). When inputs' prices increase, firms need to pass on costs to avoid negative profit...
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In 2016, only 4% of energy consumption in transportation came from renewables; then, use of fossil fuels will continue by several decades, with their corresponding evaporative and combustion emissions. Volatile organic compounds (VOCs) from gasoline evaporation were determined in Mexico City in...
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In this paper we examine if Slovak retail gasoline and diesel prices respond more quickly when crude oil price rises rather than when it decreases. The error correction model with irreversible behaviour of explanatory variables is considered to be basic tool for the analysis of asymmetric retail...
Persistent link: https://www.econbiz.de/10012214944
The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the … to the 26 petrol stations that plausibly form a common market in the Lueneburg region. This essay picks out the specific …, and to show only the valid prices of competitors prior to the event. All German petrol stations have to report price …
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