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New York mark-ups on petroleum products

Wlazlowski, Szymon; Nilsson, Birger LU ; Binner, Jane; Giulietti, Monica and Joseph, Nathan (2012) In Manchester School 80(2). p.145-171
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
Contribution to journal
publication status
published
subject
keywords
Asymmetric Price Transmission, Petroleum, Markov Switching model, SETAR model
in
Manchester School
volume
80
issue
2
pages
145 - 171
publisher
Wiley-Blackwell
external identifiers
  • wos:000300691700001
  • scopus:84857341384
ISSN
1463-6786
DOI
10.1111/j.1467-9957.2010.02192.x
language
English
LU publication?
yes
id
863685a0-3154-424a-a3f3-de0f5b6265e9 (old id 1594377)
date added to LUP
2010-04-29 15:41:07
date last changed
2017-01-01 03:15:59
@article{863685a0-3154-424a-a3f3-de0f5b6265e9,
  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       = {Wlazlowski, Szymon and Nilsson, Birger and Binner, Jane and Giulietti, Monica and Joseph, Nathan},
  issn         = {1463-6786},
  keyword      = {Asymmetric Price Transmission,Petroleum,Markov Switching model,SETAR model},
  language     = {eng},
  number       = {2},
  pages        = {145--171},
  publisher    = {Wiley-Blackwell},
  series       = {Manchester School},
  title        = {New York mark-ups on petroleum products},
  url          = {http://dx.doi.org/10.1111/j.1467-9957.2010.02192.x},
  volume       = {80},
  year         = {2012},
}