-run market dynamics. We show that after February 1999 asymmetry in gasoline price dynamics is caused by changes in the net …This paper sheds new light on the asymmetric short-run dynamics of US gasoline prices. The odel is inspired by Pindyck …’s inventory model of commodity price dynamics, that stresses the importance of volatility in crude oil markets for short …

This research examines the long-run relationship between the spot oil price and retail and wholesale gasoline prices … adjustment of gasoline prices and the spot oil price suggest a long-run relationship between retail and wholesale gasoline prices … and the crude oil price. Further, results here suggest that both retail and wholesale gasoline prices respond …

This paper examines empirically the relationship between vertical integration and wholesale gasoline prices. We use … discrete and differential changes in the extent of vertical integration generated by mergers in West Coast gasoline refining … relationship between vertical integration and wholesale prices, controlling for horizontal market structure, cost shocks and trends …

From 2002 to 2006, German wholesale electricity prices more than doubled. The purpose of this paper is to estimate the … price components in 2006 in order to identify the factors responsible for the increase. We develop a competitive benchmark … every hour in 2006. We find that prices at the German wholesale market (EEX) are above competitive levels for a large …

responses to rivals' price advertising and find that small, non-advertising stores raise their prices of products advertised by … rivals beyond their baseline price increase, while larger, advertising stores raise by less their prices of rival …-advertised products. We find no reductions in price dispersion across stores with the introduction of price advertising. However, those …

wholesale price into a lower observed one …Similar to the perfect one, second-degree price discrimination charges different price for different quantity. Unlike … associated equilibrium price should be higher, not lower. This paper swishes the magic wand to turn the higher theoretical …