Are the transport fuel retail markets regionally integrated in Spain? Evidence from price transmission
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONEste recurso está restringido
http://dx.doi.org/10.1016/j.econmod.2014.07.017 |
Metadatos
Título
Are the transport fuel retail markets regionally integrated in Spain? Evidence from price transmissionFecha de publicación
2014-10Editor
ElsevierISSN
0264-9993Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.sciencedirect.com/science/article/pii/S0264999314002703Palabras clave / Materias
Resumen
In this paper we explore whether the Spanish retail fuel markets are integrated at the regional level. We perform a comparative analysis of the transmission of international wholesale fuel prices to retail fuel prices. ... [+]
In this paper we explore whether the Spanish retail fuel markets are integrated at the regional level. We perform a comparative analysis of the transmission of international wholesale fuel prices to retail fuel prices. Our results are in favor of market segmentation, since the degree of cost pass-through differs noticeably across provinces (NUTS 3) and this outcome is clearly robust to the exclusion of the island provinces. We also found that cost pass-through is more similar for those provinces belonging to the same autonomous community (NUTS 2). It is suggested that different regulations and criteria regarding the granting of administrative authorizations from the autonomous communities could be hindering the integration of geographical markets. [-]
Publicado en
Economic Modelling, 2014, vol. 42Derechos de acceso
Copyright © 2015 Elsevier B.V. or its licensors or contributors. ScienceDirect® is a registered trademark of Elsevier B.V.
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess
Aparece en las colecciones
- ECO_Articles [696]