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Testing the law of one-price in the US gasoline market: a long memory approach

This paper aims to shed new light on“law of one-price” in the United States’ gasoline market over the period June-2003–December-2019. Specifically, we test for convergence of the retail prices of gasoline in different US PADDs, states and cities using the Local Whittle estimator (LW) and its variant...

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Detalles Bibliográficos
Autores principales: Barassi, Marco R., Pascale, Gianluigi De, Lagravinese, Raffaele
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9735072/
http://dx.doi.org/10.1007/s12667-022-00554-z