New York mark-ups on petroleum products
(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:
https://lup.lub.lu.se/record/1594377
- author
- Wlazlowski, Szymon ; Nilsson, Birger LU ; Binner, Jane ; Giulietti, Monica and Joseph, Nathan
- organization
- publishing date
- 2012
- 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
- 2024-01-06 07:20:15
@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}}, }