Fiche du document
18 septembre 2012
- ISIDORE Id: 10670/1.8cb6b3...
- hal: hal-00759095
info:eu-repo/semantics/OpenAccess
Mots-clés
price stickiness adjustment costs (S s) models gasoline price D - Microeconomics/D.D4 - Market Structure, Pricing, and Design/D.D4.D43 - Oligopoly and Other Forms of Market Imperfection E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E31 - Price Level • Inflation • Deflation L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L11 - Production, Pricing, and Market Structure • Size Distribution of FirmsSujets proches
Commercial products--Prices Commodity prices Price theory Justum pretiumCiter ce document
Erwan Gautier et al., « The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.8cb6b3...
Métriques
Partage / Export
Résumé
Using millions of individual gasoline prices collected at a daily frequency, we examine the speed at which market refined oil prices are transmitted to consumer liquid fuel prices. We find that on average gasoline prices are modified once a week and the distribution of price changes displays a M-shape as predicted by an adjustment cost model. Using a reduced form statedependent pricing model with time-varying random thresholds, we find that the degree of pass through of wholesale prices to retail gasoline prices is on average 0:77 for diesel and 0:67 for petrol. The duration for a shock to be fully transmitted into prices is about 10 days. There is no significant asymmetry in the transmission of wholesale price to retail prices.
