Price dynamics in European petroleum markets

Wlazlowski, Szymon, Giulietti, Monica, Binner, Jane and Milas, Costas (2009). Price dynamics in European petroleum markets. Energy Economics, 31 (1), pp. 99-108.

Abstract

This paper analyses horizontal and vertical price dynamics in the EU petroleum markets. The results indicate that the cross-country price differentials have significant impact on the local price adjustments. We investigate the cross-national price spill-overs and find that the extent of the welfare transfer due to asymmetric price transmission, when analysed in a cross-country setting, is less pronounced than claimed in previous contributions in this area. We also find empirical evidence, although indirect, for the politically charged concept of "fuel tourism", using a pan-European cross-product time series dataset.

Publication DOI: https://doi.org/10.1016/j.eneco.2008.08.009
Divisions: Aston Business School
Aston Business School > Economics finance & entrepreneurship
Uncontrolled Keywords: Europe,non-linear error correction models,oil markets,price transmission,Economics and Econometrics,Energy(all)
Full Text Link:
Related URLs: http://www.scopus.com/inward/record.url?scp=56949084469&partnerID=8YFLogxK (Scopus URL)
Published Date: 2009-01
Authors: Wlazlowski, Szymon
Giulietti, Monica
Binner, Jane
Milas, Costas

Download

Item under embargo

Export / Share Citation


Statistics

Additional statistics for this record