Increased Market Transparency in Germany's Gasoline Market What about Rockets and Feathers?. (1st April 2020)
- Record Type:
- Journal Article
- Title:
- Increased Market Transparency in Germany's Gasoline Market What about Rockets and Feathers?. (1st April 2020)
- Main Title:
- Increased Market Transparency in Germany's Gasoline Market What about Rockets and Feathers?
- Authors:
- Frondel, Manuel
Horvath, Marco
Vance, Colin
Kihm, Alexander - Abstract:
- Drawing on panel data on daily fuel prices covering more than 5, 000 filling stations in Germany, this paper documents a change in the stations' price-setting behaviour following the introduction of a legally mandated online price portal in 2013. Prior to the portal, positive asymmetry is found on the basis of error correction models, with prices following the 'rockets and feathers' pattern typically found for fuels. In the aftermath of the portal, negative asymmetry is observed: fuel price decreases in response to refinery price decreases are stronger than fuel price increases due to refinery price increases. This reversal in price pass-through, suggests welfare gains for consumers from increased market transparency.
- Is Part Of:
- Journal of transport economics and policy. Volume 54:Number 2(2020:Apr.)
- Journal:
- Journal of transport economics and policy
- Issue:
- Volume 54:Number 2(2020:Apr.)
- Issue Display:
- Volume 54, Issue 2 (2020)
- Year:
- 2020
- Volume:
- 54
- Issue:
- 2
- Issue Sort Value:
- 2020-0054-0002-0000
- Page Start:
- 102
- Page End:
- 120
- Publication Date:
- 2020-04-01
- Subjects:
- Transportation -- Periodicals
388.05 - Journal URLs:
- http://www.ingentaconnect.com/content/lse/jtep ↗
http://www.bath.ac.uk/e-journals/jtep/ ↗ - DOI:
- NO_DOI ↗
- Languages:
- English
- ISSNs:
- 1754-5951
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 14903.xml