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| Michael L Polemis and Panagiotis N Fotis |
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| ''Rent seeking oligopolistic behaviour in European gasoline markets'' |
| ( 2015, Vol. 35 No.1 ) |
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| This paper explores the asymmetric adjustment speed of gasoline price in twelve European Union (EU) countries transmitted directly in a single stage formulation. The empirical results shed new light on the taxation effect and its role to the price asymmetry nexus, pointing that in many EU countries a crude oil price increase is passed through more forcefully than a price decrease revealing a rent-seeking oligopolistic behaviour by the marketers. |
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| Keywords: Gasoline, Rockets and feathers hypothesis, Taxation, Dynamic OLS estimator |
JEL:
L1 - Market Structure, Firm Strategy, and Market Performance: General |
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| Manuscript Received : Mar 09 2015 | | Manuscript Accepted : Mar 30 2015 |
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