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dc.contributor.authorBalaguer, Jacint
dc.contributor.authorRipollés, Jordi
dc.date.accessioned2018-10-24T07:21:59Z
dc.date.available2018-10-24T07:21:59Z
dc.date.issued2018-08
dc.identifier.citationBALAGUER, Jacint; RIPOLLÉS, Jordi (2018). Exploring the life of fuel price responses in retail markets. The effect of cross-sectional aggregation. Energy Policy, v. 119, p. 495-501ca_CA
dc.identifier.urihttp://hdl.handle.net/10234/176962
dc.description.abstractEmpirical studies on vertical price transmission in retail fuel markets commonly use average group data of petrol stations. In this paper a simulation approach is employed to illustrate that, in this case, the persistence of price responses tends to be overestimated. To explore the real extent of the problem, we apply the mean group (MG) and the mean group with common correlated effects (MG-CCE) estimators to individual data from petrol stations. When heterogeneity in the pricing dynamics is captured by MG and MG-CCE estimators, persistence of retail price responses becomes considerably lower than the typical OLS estimations from average group data would suggest.ca_CA
dc.format.extent26 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherElsevierca_CA
dc.relation.isPartOfEnergy Policy (2018), v. 119ca_CA
dc.subjectFuel price responsesca_CA
dc.subjectCross-sectional aggregationca_CA
dc.subjectDynamic persistenceca_CA
dc.subjectOverestimationca_CA
dc.titleExploring the life of fuel price responses in retail markets. The effect of cross-sectional aggregationca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.relation.projectID1) Financial support from the Spanish Ministry of Economy and Competitiveness (ECO2014‐58975‐P); 2) Universitat Jaume I (UJI-B2017-17)ca_CA
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca_CA
dc.relation.publisherVersionhttps://www.sciencedirect.com/science/article/pii/S0301421518303069ca_CA
dc.type.versioninfo:eu-repo/semantics/publishedVersionca_CA


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