Tong, Bin; Wu, Chongfeng; Zhou, Chunyang - In: Energy Economics 40 (2013) C, pp. 882-897
In this paper we investigate two types of asymmetries, i.e., the asymmetry in the lower and upper tail dependences and the asymmetry in the propagation of crisis (bubble), between crude oil market and refined petroleum markets based on copula models. Thirteen copula models with different types...