New York mark-ups on petroleum products
(2010) In The Manchester School- Abstract
- This paper analyzes rigidities in the behavior of the mark-up on regular, midgrade and premium varieties of petrol in the New York area using a set of weekly frequency data and a methodology that analyzes the pricing process using deterministic and stochastic techniques. The results are consistent across methodologies and indicate that the speeds of adjustment to the long run equilibrium mark-up differ across varieties of petrol with margins of the premium variety falling faster than they rise, contrary to the popular claim of welfare-decreasing asymmetries in price transmission.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1387584
- author
- Wlaslowski, Szymon ; Nilsson, Birger LU ; Binner, Jane M. ; Guiletti, Monica and Joseph, Nathan
- organization
- publishing date
- 2010
- type
- Working paper/Preprint
- publication status
- in press
- subject
- keywords
- Asymmetric Price Transmission, Markov Switching model, SETAR model, Petroleum
- in
- The Manchester School
- publisher
- Department of Economics, Lund University
- language
- English
- LU publication?
- yes
- id
- ae6e6012-33b1-485e-9b1f-07646926852b (old id 1387584)
- date added to LUP
- 2016-04-04 10:42:50
- date last changed
- 2024-09-17 15:46:39
@misc{ae6e6012-33b1-485e-9b1f-07646926852b, abstract = {{This paper analyzes rigidities in the behavior of the mark-up on regular, midgrade and premium varieties of petrol in the New York area using a set of weekly frequency data and a methodology that analyzes the pricing process using deterministic and stochastic techniques. The results are consistent across methodologies and indicate that the speeds of adjustment to the long run equilibrium mark-up differ across varieties of petrol with margins of the premium variety falling faster than they rise, contrary to the popular claim of welfare-decreasing asymmetries in price transmission.}}, author = {{Wlaslowski, Szymon and Nilsson, Birger and Binner, Jane M. and Guiletti, Monica and Joseph, Nathan}}, keywords = {{Asymmetric Price Transmission; Markov Switching model; SETAR model; Petroleum}}, language = {{eng}}, note = {{Working Paper}}, publisher = {{Department of Economics, Lund University}}, series = {{The Manchester School}}, title = {{New York mark-ups on petroleum products}}, url = {{https://lup.lub.lu.se/search/files/195337726/WP08_2.pdf}}, year = {{2010}}, }