Regional comparisons, spatial aggregation, and asymmetry of price pass-through in U.S. gasoline markets

被引：14
|
作者：
Ye M. [1 ]
Zyren J. [2 ]
Shore J. [2 ]
Burdette M. [2 ]
机构：
[1] St. Mary's College of Maryland, Baltimore, MD
来源：
Atlantic Economic Journal | 2005年 / 33卷 / 2期
关键词：
Q400; C50;
D O I：
10.1007/s11293-005-3761-2
中图分类号：
学科分类号：
摘要：
Spot to retail price pass-through behavior of the U.S. gasoline market was investigated at the national and regional levels, using weekly wholesale and retail motor gasoline prices from January 2000 to the present. Asymmetric pass-through was found across all regions, with faster pass-through when prices are rising. Pass-through patterns, in terms of speed and time for completion, were found to vary from region to region. Spatial aggregation was investigated at the national level and the East Coast with the aggregated cumulative pass-through being greater than the volume-weighted regional pass-through when spot prices increase. These results are useful to the petroleum industry, consumers, and policy makers by providing a basis to estimate the retail price effects that result from a change in spot price. © International Atlantic Economic Society 2005.
引用
收藏
页码：179 / 192
页数：13
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