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New York mark-ups on petroleum products

Wlaslowski, Szymon; Nilsson, Birger LU ; Binner, Jane M.; Guiletti, Monica and Joseph, Nathan (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:
author
organization
publishing date
type
Working Paper
publication status
in press
subject
keywords
Asymmetric Price Transmission, Markov Switching model, SETAR model, Petroleum
in
The Manchester School
publisher
Department of Economics, Lund Universtiy
language
English
LU publication?
yes
id
ae6e6012-33b1-485e-9b1f-07646926852b (old id 1387584)
alternative location
http://swopec.hhs.se/lunewp/abs/lunewp2008_002.htm
date added to LUP
2009-04-20 12:27:26
date last changed
2016-09-30 14:09:18
@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},
  keyword      = {Asymmetric Price Transmission,Markov Switching model,SETAR model,Petroleum},
  language     = {eng},
  note         = {Working Paper},
  publisher    = {Department of Economics, Lund Universtiy},
  series       = {The Manchester School},
  title        = {New York mark-ups on petroleum products},
  year         = {2010},
}