Price dynamics in European petroleum markets
Wlazlowski, Szymon, Giulietti, Monica, Binner, Jane and Milas, Costas. (2009) Price dynamics in European petroleum markets. Energy Economics, Vol.31 (No.1). pp. 99-108. ISSN 0140-9883Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.eneco.2008.08.009
This paper analyses horizontal and vertical price dynamics in the EU petroleum markets. The results indicate that the cross-country price differentials have significant impact on the local price adjustments. We investigate the cross-national price spill-overs and find that the extent of the welfare transfer due to asymmetric price transmission, when analysed in a cross-country setting, is less pronounced than claimed in previous contributions in this area. We also find empirical evidence, although indirect, for the politically charged concept of “fuel tourism”, using a pan-European cross-product time series dataset.
|Item Type:||Journal Article|
|Divisions:||Faculty of Social Sciences > Warwick Business School|
|Journal or Publication Title:||Energy Economics|
|Page Range:||pp. 99-108|
|Access rights to Published version:||Restricted or Subscription Access|
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