کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5065811 1372330 2010 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Do gasoline prices exhibit asymmetry? Not usually!
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
Do gasoline prices exhibit asymmetry? Not usually!
چکیده انگلیسی

Previous studies have found evidence of asymmetric price adjustment in U.S. retail gasoline prices in that gasoline prices rise more rapidly in response to a cost increase than fall in response to a cost decrease. By estimating a threshold cointegration model that allows for multiple regimes, I am able to test how sensitive this result is to outlying observations. In contrast to previous studies, I find little evidence of asymmetry for the vast majority of observations and that the asymmetry is being driven by a small number of outlying observations.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 32, Issue 4, July 2010, Pages 918-925
نویسندگان
,