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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
; ; ; and
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
2016-04-01 10:05:30
date last changed
2025-10-14 13:06:11
@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}},
  keywords     = {{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}},
  doi          = {{10.1111/j.1467-9957.2010.02192.x}},
  volume       = {{80}},
  year         = {{2012}},
}