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Author: Matteo Manera
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
This paper re-examines the issue of asymmetries in the transmission of shocks to crude oil prices onto the retail price of gasoline. Relative to the previous literature, the distinguishing features of the present paper are: i) use of updated and comparable data to carry out an international comparison of gasoline markets; ii) two-stage modeling of the transmission of oil price shocks to gasoline prices (first refinery stage and second distribution stage), in order to assess possible asymmetries at either one or both stages; iii) use of asymmetric error correction models to distinguish between asymmetries that arise from short-run deviations in input prices and from the speed at which the gasoline price reverts to its long-run level; iv) explicit, possibly asymmetric, role of the exchange rate, as crude oil is paid for in dollars whereas gasoline sells for different sums of national currencies; v) bootstrapping of F tests of asymmetries, in order to overcome the low-power problem of conventional testing procedures. In contrast to several previous findings, the results generally point to widespread differences in both adjustment speeds and short-run responses when input prices rise or fall.
Author: Matteo Manera
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
This paper re-examines the issue of asymmetries in the transmission of shocks to crude oil prices onto the retail price of gasoline. Relative to the previous literature, the distinguishing features of the present paper are: i) use of updated and comparable data to carry out an international comparison of gasoline markets; ii) two-stage modeling of the transmission of oil price shocks to gasoline prices (first refinery stage and second distribution stage), in order to assess possible asymmetries at either one or both stages; iii) use of asymmetric error correction models to distinguish between asymmetries that arise from short-run deviations in input prices and from the speed at which the gasoline price reverts to its long-run level; iv) explicit, possibly asymmetric, role of the exchange rate, as crude oil is paid for in dollars whereas gasoline sells for different sums of national currencies; v) bootstrapping of F tests of asymmetries, in order to overcome the low-power problem of conventional testing procedures. In contrast to several previous findings, the results generally point to widespread differences in both adjustment speeds and short-run responses when input prices rise or fall.
Author: Marzio Galeotti
Publisher:
ISBN:
Category : Environmental policy
Languages : en
Pages : 25
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1422333043
Category :
Languages : en
Pages : 355
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Book Description
Author: Emek Basker
Publisher: Edward Elgar Publishing
ISBN: 1783477385
Category : Business & Economics
Languages : en
Pages : 513
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Book Description
This Handbook explores and critically examines current research in economics and marketing science on key issues in retailing and distribution. Providing a rich perspective for the discussion of public policy, contributions from several disciplines and continents range from the history of chains and the impact of multinational retailers on international trade patterns to US merger policy in the retail context, the rise of the Internet, and consumer-to-consumer sales. The chapters address methodological issues such as the structural estimation of entry games between retailers, productivity measurement when both inputs and output are not fully observable, and demand estimation with variable assortment. Policy issues explored include mergers, zoning, and the regulation of buyer power, while other chapters address some of the recent exciting developments in technology, retail formats, and data availability. The book goes on to study the changes in online retailing and ‘big data’, and to examine competition in specific retail sectors including gasoline stations, automobile dealerships, supermarkets, and ‘big box’ retail. This state-of-the-art Handbook is an essential reference for students and academics of economics and marketing science, and offers an outsider’s perspective to specialists in operations research, data analytics, geography, and sociology.
Author: United States. Congress. Senate. Committee on Environment and Public Works
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 360
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Book Description
Author: Thomas Porcher
Publisher: Max Milo
ISBN: 2315012457
Category : Technology & Engineering
Languages : en
Pages : 46
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Book Description
Did you know that lower oil prices are almost never passed on fairly to consumers at the pump? That oil companies sacrifice their own refineries? That they pay no taxes, manipulate information and collude to avoid competition? Every year, the announcement of profits by oil companies, especially Total, provokes reactions of admiration or indignation from French observers, experts and politicians. But what are these figures hiding? Thomas Porcher reveals eight scandalous practices by the gasoline giants. His aim—to encourage collective denunciation and vigilance, which alone will lead governments to act for the good of citizens. Thomas Porcher caused a stir in the French government in 2011 with his study on the impact of lower oil prices at the pump. He has a PhD in economics, teaches commodity markets at ESG-MS and lectures in international economics at Paris-Descartes University. An oil specialist, he has worked for the European Union and oil companies.
Author: Salvatore Ingrassia
Publisher: Springer Science & Business Media
ISBN: 364211363X
Category : Mathematics
Languages : en
Pages : 576
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Book Description
This volume provides recent research results in data analysis, classification and multivariate statistics and highlights perspectives for new scientific developments within these areas. Particular attention is devoted to methodological issues in clustering, statistical modeling and data mining. The volume also contains significant contributions to a wide range of applications such as finance, marketing, and social sciences. The papers in this volume were first presented at the 7th Conference of the Classification and Data Analysis Group (ClaDAG) of the Italian Statistical Society, held at the University of Catania, Italy.
Author: Compiled by the British Library of Political and Economic Science
Publisher: Psychology Press
ISBN: 9780415354776
Category : Business & Economics
Languages : en
Pages : 698
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Book Description
First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. * Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. * International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. * User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French.
Author: Takao Terano
Publisher: Springer Science & Business Media
ISBN: 9784431265924
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
Agent-based modeling/simulation is an emerging field that uses bottom-up and experimental analysis in the social sciences. Selected research from that presented at the Third International Workshop on Agent-Based Approaches in Economic and Social Complex Systems 2004, held in May 2004 in Kyoto, Japan, is included in this book. The aim of the workshop was to employ the bottom-up approach to social and economic problems by modeling, simulation, and analysis using a software agent. This research area is an emerging interdisciplinary field among the social sciences and computer science, attracting broad attention because it introduces a simulation-based experimental approach to problems that are becoming increasingly complex in an era of globalization and innovation in information technology. The state-of-the-art research and findings presented in this book will be indispensable tools for anyone involved in this rapidly growing discipline.
Author: Melike Bildirci
Publisher: Cambridge Scholars Publishing
ISBN: 1527500667
Category : Business & Economics
Languages : en
Pages : 495
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Book Description
This book brings together analyses of a wide range of economic and financial subjects, including any issue related to these broader concepts, such as development, banking crises, energy, and Islamic finance, among others. It offers a clear discussion of the current period of economic transition and the future prospects of developing countries in terms of financial and economic perspectives. It will serve to raise awareness of the important opportunities and risks inherent in the global financial system, and makes a valuable contribution to wider economic debates by identifying the priorities and policy prescriptions that will help countries to realise their potential. The book will particularly appeal to academicians and students, as well as, researchers and professionals in the fields of economics, finance, and business. It may also serve as a secondary textbook for courses about Eurasian countries in economics and finance departments of higher learning institutions.
