Showing 21 - 30 of 14,620
Drawing on the 2009 and 2017 waves of the National Household Transportation Survey, this paper is concerned with modeling the fuel price elasticity, allowing for differential estimates in its magnitude over time and across households. We find a small but statistically significant mean elasticity...
Persistent link: https://www.econbiz.de/10012858236
Hedging creates value only when the policy is near optimal but can be harmful otherwise. This paper takes the US airline industry as an example and derives the optimal fuel cost hedging ratio as a function of firm-specific revenue and cost sensitivities, as well as the relative composition of...
Persistent link: https://www.econbiz.de/10012859313
I investigate the economic fundamentals of U.S. gasoline market and their links with the refining margin proxied by the … ratio of gasoline and crude oil prices (crack ratio). I document distinct seasonal effects in stocks, production and … consumption of gasoline and find that seasonally adjusted variables have significant effects on the next month's seasonally …
Persistent link: https://www.econbiz.de/10013050372
The paper investigates the price and income elasticity of gasoline (petrol), diesel and jet fuel demand in South Africa … 1998Q1-2010Q4. Price and income elasticity estimates for gasoline remain unchanged compared to previous estimates and …
Persistent link: https://www.econbiz.de/10013043151
We estimate the price elasticity of the demand for gasoline smuggling in Iran. For this purpose, we employ a detailed … panel of monthly gasoline consumption data from 160 distribution hubs during the period 2005-2014. We apply two different … approaches which are diff-in-diff and panel data estimations. The results suggest that the foreign-to-home gasoline price ratios …
Persistent link: https://www.econbiz.de/10012934217
Besides temporal and spatial aggregation issues in the analysis of asymmetric response of retail gasoline prices … station-specific retail and wholesale gasoline prices for 12,613 geographically diverse stations. Based on individual station …
Persistent link: https://www.econbiz.de/10012604251
This paper determines whether gasoline income and price elasticities have changed. To do so, the paper considers a … estimates. We find evidence to support the idea that gasoline consumption became less responsive to price as prices fell from …
Persistent link: https://www.econbiz.de/10013292409
This study uses single-equation dynamic models to estimate petrol demand in India. Estimated long-run elasticities are higher than their short-run counterparts, which is in line with expectations based on the existing literature. We find price elasticities of -0.418 (long-run) and -0.189 (short...
Persistent link: https://www.econbiz.de/10013246218
specification for gasoline and diesel demand. Previous studies estimating gasoline consumption per total passenger cars ignore the … estimators are more reliable than common IV/GMM estimators applied to our small data set. -- dynamic panel data ; gasoline demand …
Persistent link: https://www.econbiz.de/10009736644
In this paper we quantitatively synthesize empirical estimates of the income elasticity of gasoline demand reported in … publication bias from the literature. Our results suggest that the income elasticity of gasoline demand is smaller than commonly … thought: the corrected estimate is 0.1 for the short run and 0.46 for the long run. -- gasoline ; income elasticity …
Persistent link: https://www.econbiz.de/10009742489