Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?
Опубликовано на портале: 12-07-2007
Quarterly Journal of Economics.
1997.
Vol. 112.
No. 1.
P. 305-39.
Тематический раздел:
The authors test and confirm that retail gasoline prices respond more quickly to
increases than to decreases in crude oil prices. Among the possible sources of this
asymmetry are production/inventory adjustment lags and market power of some sellers.
By analyzing price transmission at different points in the distribution chain, the
authors attempt to shed light on these theories. Spot prices for generic gasoline
show asymmetry in responding to crude oil price changes, which may reflect inventory
adjustment effects. Asymmetry also appears in the response of retail prices to wholesale
price changes, possibly indicating short-run market power among retailers.
Ключевые слова
См. также:
Journal of Agricultural and Applied Economics.
2000.
Vol. 32.
No. 3.
P. 543-553.
[Статья]
Journal of Agricultural and Applied Economics.
2000.
Vol. 32.
No. 1.
P. 159-173.
[Статья]