New York mark-ups on petroleum products

Szymon Wlazlowski; Birger Nillson; Jane Binner; Monica Giulietti; Nathan Joseph

doi:10.1111/j.1467-9957.2010.02192.x

New York mark-ups on petroleum products

Szymon Wlazlowski^*
, Birger Nillson
, Jane Binner
, Monica Giulietti
, Nathan Joseph

^*Corresponding author for this work

Lunds Universitet
University of Sheffield
University of Nottingham

Research output: Contribution to journal › Article › peer-review

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Abstract

In this paper we analyse rigidities in the behaviour of the mark-up on regular, midgrade and premium varieties of petrol in the New York area using a set of weekly frequency data and a methodology that analyses the pricing process using deterministic and stochastic techniques. The results are consistent across methodologies and indicate that the speeds of adjustment to the long-run equilibrium mark-up differ across varieties of petrol with margins of the premium variety falling faster than they rise, contrary to the popular claim of welfare-decreasing asymmetries in price transmission. © 2012 The Authors. The Manchester School © 2012 Blackwell Publishing Ltd and The University of Manchester.

Original language	English
Pages (from-to)	145-171
Number of pages	27
Journal	Manchester School
Volume	80
Issue number	2
Early online date	21 Feb 2012
DOIs	https://doi.org/10.1111/j.1467-9957.2010.02192.x
Publication status	Published - Mar 2012

Bibliographical note

This is the peer reviewed version of the following article: WLAZLOWSKI, S. , NILSSON, B. , BINNER, J. , GIULIETTI, M. and JOSEPH, N. (2012), NEW YORK MARK‐UPS ON PETROLEUM PRODUCTS. The Manchester School, 80: 145-171, which has been published in final form at https://doi.org/10.1111/j.1467-9957.2010.02192.x. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

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10.1111/j.1467-9957.2010.02192.x

New York mark-ups on petroleum products
This is the peer reviewed version of the following article: WLAZLOWSKI, S. , NILSSON, B. , BINNER, J. , GIULIETTI, M. and JOSEPH, N. (2012), NEW YORK MARK‐UPS ON PETROLEUM PRODUCTS. The Manchester School, 80: 145-171, which has been published in final form at https://doi.org/10.1111/j.1467-9957.2010.02192.x. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Accepted author manuscript, 251 KB

Cite this

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title = "New York mark-ups on petroleum products",

abstract = "In this paper we analyse rigidities in the behaviour of the mark-up on regular, midgrade and premium varieties of petrol in the New York area using a set of weekly frequency data and a methodology that analyses the pricing process using deterministic and stochastic techniques. The results are consistent across methodologies and indicate that the speeds of adjustment to the long-run equilibrium mark-up differ across varieties of petrol with margins of the premium variety falling faster than they rise, contrary to the popular claim of welfare-decreasing asymmetries in price transmission. {\textcopyright} 2012 The Authors. The Manchester School {\textcopyright} 2012 Blackwell Publishing Ltd and The University of Manchester.",

author = "Szymon Wlazlowski and Birger Nillson and Jane Binner and Monica Giulietti and Nathan Joseph",

note = "This is the peer reviewed version of the following article: WLAZLOWSKI, S. , NILSSON, B. , BINNER, J. , GIULIETTI, M. and JOSEPH, N. (2012), NEW YORK MARK‐UPS ON PETROLEUM PRODUCTS. The Manchester School, 80: 145-171, which has been published in final form at https://doi.org/10.1111/j.1467-9957.2010.02192.x. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.",

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AU - Giulietti, Monica

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AB - In this paper we analyse rigidities in the behaviour of the mark-up on regular, midgrade and premium varieties of petrol in the New York area using a set of weekly frequency data and a methodology that analyses the pricing process using deterministic and stochastic techniques. The results are consistent across methodologies and indicate that the speeds of adjustment to the long-run equilibrium mark-up differ across varieties of petrol with margins of the premium variety falling faster than they rise, contrary to the popular claim of welfare-decreasing asymmetries in price transmission. © 2012 The Authors. The Manchester School © 2012 Blackwell Publishing Ltd and The University of Manchester.

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New York mark-ups on petroleum products

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