New York mark-ups on petroleum products


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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Divisions: College of Business and Social Sciences > Aston Business School
College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School > Accounting
Additional Information: 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  This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Uncontrolled Keywords: Economics and Econometrics
Publication ISSN: 1467-9957
Last Modified: 04 Jan 2024 08:05
Date Deposited: 13 Oct 2014 11:15
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Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
http://onlineli ... 2192.x/abstract (Publisher URL)
PURE Output Type: Article
Published Date: 2012-03
Published Online Date: 2012-02-21
Authors: Wlazlowski, Szymon
Nillson, Birger
Binner, Jane
Giulietti, Monica
Joseph, Nathan (ORCID Profile 0000-0002-2182-0847)



Version: Accepted Version

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