New York mark-ups on petroleum products

Forskningsoutput: TidskriftsbidragArtikel i vetenskaplig tidskrift

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.

Detaljer

Författare
  • Szymon Wlazlowski
  • Birger Nilsson
  • Jane Binner
  • Monica Giulietti
  • Nathan Joseph
Enheter & grupper
Forskningsområden

Ämnesklassifikation (UKÄ) – OBLIGATORISK

  • Nationalekonomi

Nyckelord

Originalspråkengelska
Sidor (från-till)145-171
TidskriftManchester School
Volym80
Utgåva nummer2
StatusPublished - 2012
PublikationskategoriForskning
Peer review utfördJa