Publication:

Do retail gasoline prices rise more readily than they fall? A threshold cointegration approach

Show simple item record
DC FieldValue
dc.contributor.authorSalim Al-Gudhea
dc.contributor.authorTuralay Kenc
dc.contributor.authorSel Dibooglu
dc.contributor.authorKenc, Turalay
dc.date.accessioned2022-05-29T06:28:07Z
dc.date.available2022-05-29T06:28:07Z
dc.date.issued2007
dc.description.abstractThis paper revisits the controversy over whether retail gasoline prices respond to increases in upstream prices more rapidly than decreases. Using threshold and momentum models of cointegration and daily data at different stages in the distribution chain, we find that transmission between upstream and downstream prices is mostly asymmetric in the momentum model: increases in upstream prices are passed on to downstream prices more quickly than decreases. We distinguish between small and large shocks and show that the asymmetry is more pronounced for small shocks, which may be due to consumer search costs.en_US
dc.identifier.citationAl-Gudhea, S., Kenc, T., & Dibooglu, S. (2007). Do retail gasoline prices rise more readily than they fall? A threshold cointegration approach. Journal of Economics and Business, 59 (6), pp. 560-574.en_US
dc.identifier.doihttps://doi.org/10.1016/j.jeconbus.2006.10.002
dc.identifier.issn0148-6195
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3568
dc.languageEnglish
dc.language.isoengen_US
dc.publisherElsevier B.V.en_US
dc.rights2007. Elsevier B.V
dc.sourceSEDONA
dc.subjectGasoline pricesen_US
dc.subjectAsymmetric adjustmenten_US
dc.titleDo retail gasoline prices rise more readily than they fall? A threshold cointegration approachen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
relation.isAuthorOfPublication7bdf745e-8829-456f-9e4f-fcc43b78d818
Appears in Collections
Journal Article
Files

Abstract View

2653762

View & Download

167833