| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549242 | Economics Letters | 2005 | 7 Pages |
Abstract
This study provides new supportive evidence for asymmetric adjustment in U.S. retail gasoline prices. The asymmetric transmission is found to occur not just through the spot markets of crude oil and refinery gasoline but also through their future markets. Further evidence also shows that the observed asymmetry in price transmission primarily occurs downstream - not upstream - of the transmission process.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Li-Hsueh Chen, Miles Finney, Kon S. Lai,