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 1463-6786

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Abstract

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.
ISSN:	1463-6786
Date:	2012
Volume:	Vol.80
Number:	No.2
Page Range:	pp. 145-171
Identification Number:	10.1111/j.1467-9957.2010.02192.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
URI:	http://wrap.warwick.ac.uk/id/eprint/50889

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