Asymmetric price reactions to dividend announcements: Always irrational?
Sign Up to like & getrecommendations! Published in 2019 at "Economics Letters"
DOI: 10.1016/j.econlet.2019.108713
Abstract: We demonstrate analytically that markets tend to react stronger to announcements of dividend cuts vs. increases when dividend payout costs are relatively low. This asymmetry prevails when investors are entirely rational, in contrast to Baker’s… read more here.
Keywords: asymmetric price; dividend announcements; reactions dividend; price reactions ... See more keywords
Demand of automotive fuels in Brazil: Underlying energy demand trend and asymmetric price response
Sign Up to like & getrecommendations! Published in 2018 at "Energy Economics"
DOI: 10.1016/j.eneco.2018.07.005
Abstract: This paper analyzes the role of Asymmetric Price Response (APR) and Underlying Energy Demand Trend (UEDT) in the Brazilian automotive fuel demand from June 2001 to December 2016. The demand functions of automotive gasoline, ethanol… read more here.
Keywords: energy; asymmetric price; price; price response ... See more keywords
Asymmetric price adjustments: A supply side approach
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DOI: 10.1016/j.ijindorg.2016.11.003
Abstract: Using a model of dynamic price competition, we provide an explanation from the supply side for the well-established observation that output prices react faster in response to input cost increases than to decreases. When costs… read more here.
Keywords: side approach; supply side; asymmetric price; price ... See more keywords
Between preferences and references: Asymmetric price elasticities and the simulation of fiscal policies
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.09.016
Abstract: Abstract Canonical demand studies and fiscal policy simulations rest on the assumption that consumers react symmetrically to price increases and decreases. Such assumption has been challenged from both the empirical and theoretical points of view.… read more here.
Keywords: asymmetric price; price; references asymmetric; preferences references ... See more keywords
Asymmetric price adjustment and the effects of structural reforms and low demand in the gasoline market: the case of Greece
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Applied Economics"
DOI: 10.1080/15140326.2021.1922188
Abstract: The pricing mechanism in the gasoline market has often been the subject of public debate in Greece during the crisis years. Inefficient pricing could imply oligopolistic practices and losses to con... read more here.
Keywords: asymmetric price; price adjustment; gasoline market; gasoline ... See more keywords