Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/20082
Title: | Market collusion and regime analysis in the US gasoline market |
Authors: | Tabaghdehi, SAH |
Keywords: | gasoline;disequilibrium;regime switching;energy market efficiency;collusion |
Publisher: | Springer Science and Business Media LLC on behalf of Pan-Pacific Association of Input-Output Studies (PAPAIOS) |
Citation: | Journal of Economic Structures, 2018, 7:9 (14 pp.) |
Abstract: | © The Author(s) 2018. This article is concerned with disequilibrium regime switching model to capture different regimes in the US gasoline markets. The purpose is to illustrate potential regimes in gasoline market. Following a suggestion in Hunter and Tabaghdehi (Cointegration and US regional gasoline prices: testing market efficiency from the stationarity of price proportions. Brunel University Working Paper, 13-03, 2013a), gasoline markets may not be efficient either across regions or within local markets. The Markov model may also be used as a benchmark to make comparison with other methods. The finding specifies that deviations from long-run equilibrium have an effect on gasoline price dynamics and captures two different regimes of supply and demand in this market. |
URI: | https://bura.brunel.ac.uk/handle/2438/20082 |
DOI: | https://doi.org/10.1186/s40008-018-0106-2 |
Other Identifiers: | 9 |
Appears in Collections: | Brunel Business School Research Papers |
Files in This Item:
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FullText.pdf | 1.26 MB | Adobe PDF | View/Open |
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