Wlaslowski, Szymon; Binner, Jane; Guiletti, Monica; … - Nationalekonomiska Institutionen, Ekonomihögskolan - 2007
This paper analyzes rigidities in the behavior of mark-up on petroleum products in the New York area using a new set of high-frequency data. We use a methodology that accounts both for deterministic and stochastic nature of petrol prices. The results indicate that the adjustment to the long run...