New York mark-ups on petroleum products
Wlazlowski, Szymon, Nilsson, Birger, Binner, Jane, Giulietti, Monica and Joseph, Nathan. (2012) New York mark-ups on petroleum products. The Manchester School, Vol.80 (No.2). pp. 145-171. ISSN 1463-6786Full text not available from this repository.
Official URL: http://dx.doi.org/10.1111/j.1467-9957.2010.02192.x
In this paper we analyse rigidities in the behaviour 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 analyses 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.
|Item Type:||Journal Article|
|Divisions:||Faculty of Social Sciences > Warwick Business School|
|Journal or Publication Title:||The Manchester School|
|Publisher:||Wiley-Blackwell Publishing Ltd.|
|Page Range:||pp. 145-171|
|Access rights to Published version:||Restricted or Subscription Access|
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