More New Evidence on Asymmetric Gasoline Price Responses

被引：3
|
作者：
Faber, Riemer P. [1 ]
机构：
[1] Charles River Associates Inc, European Competit Practice, London EC2M 3XD, England
来源：
ENERGY JOURNAL | 2015年 / 36卷 / 03期
关键词：
Asymmetric Price Responses; Price Setting; Gasoline Markets; PANEL-DATA; CONSUMER SEARCH; LOCAL MARKET; RISE FASTER; REGRESSION; COINTEGRATION; ADJUSTMENTS; ROCKETS; CYCLES; POWER;
D O I：
10.5547/01956574.36.3.rfab
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
There exist two possible aggregation issues in studies to asymmetric price responses: (i) an issue due to aggregation over time, and (ii) an issue due to aggregation over space. Empirical studies already confirm the existence of the first issue. This paper confirms the existence of the second issue by studying daily retail prices of individual gasoline stations. I find that 38% of the stations respond asymmetrically to changes in the gasoline spot market price. Hence, asymmetric pricing is a feature of individual firms.
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页码：287 / 307
页数：21
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