In this paper we consider the interaction among crude oil price, wholesale and retail gasoline prices. After a re-examinations of methodology typically proposed to test for asymmetry in price movements in each of the various stages in the production and distribution of gasoline from the crude oil price through the refinery to the retail pump, it seems appear the inconsistency of results. For this reason we decompose the three time series in short - and long – run components, and we analyze the latter.

Price Asymmetries in the Italian retail and wholesale gasoline markets

ROMANO, Antonio;SCANDURRA, GIUSEPPE
2009

Abstract

In this paper we consider the interaction among crude oil price, wholesale and retail gasoline prices. After a re-examinations of methodology typically proposed to test for asymmetry in price movements in each of the various stages in the production and distribution of gasoline from the crude oil price through the refinery to the retail pump, it seems appear the inconsistency of results. For this reason we decompose the three time series in short - and long – run components, and we analyze the latter.
978-88-6129-425-7
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11367/1888
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