Australian market imposes discrete time pricing on petrol retailers, enabling us to observe the exact timing of price changes. We … employ a Markov switching regression model, finding the existence of Edgeworth price cycles of a similar nature to those … Maskin and Tirole (1988). We also discuss episodes of disruption and evolution of the price cycle …

price pass-through from crude oil spot prices to retail gasoline pump prices. We show that regional differences do exist … results in a change in retail gasoline pump prices somewhere between 2.52¢ and 2.65¢. We examine the presence of the rockets …

crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after … negative price shocks on the retail gasoline price. Finally, the paper underscores the importance of the new dataset in …This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on …

-level retail gasoline and diesel prices for 355 cities in the U.S. from 2001-2007 using multiple methods to identify price cycles …Studies of gasoline prices in multiple countries have found a repeated sequence of asymmetric cycles where a sharp … price increase is followed by gradual decreases. This price pattern is linked to Maskin & Tirole's (1988) theoretical …