Estimation of asymmetric responses of U.S. retail fuel prices to changes in input prices based on a linear exponential adjustment cost approach
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DOI: 10.1007/s10100-021-00783-0
Abstract: Numerous studies have indicated that retail fuel prices respond more quickly when crude oil prices rise than when they fall. We suggest that the fuel price making process is discretionary with nonlinear price adjustment costs.… read more here.
Keywords: changes input; retail fuel; fuel prices; adjustment ... See more keywords