regimes. Countries that maintain fixed price regimes-notably net energy exporters-tend to have large fuel subsidies. When such …

Least-squares estimates of the response of gasoline consumption to a change in the gasoline price are biased toward … zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline … prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We demonstrate that …

We reinvestigate the "rockets and feathers" effect between retail gasoline and crude oil prices in a new framework of … fractional integration, long-term memory and borderline (non)stationarity. The most frequently used error-correction model is … error-correction model. Such dynamics is usually referred to as "the Joseph effect". The standard procedure is shown to be …

Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are … biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument … for gasoline prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We …

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. …