Price dynamics in European petroleum markets

Szymon Wlazlowski, Monica Giulietti, Jane Binner and Costas Milas

Energy Economics, 2009, vol. 31, issue 1, 99-108

Abstract: This paper analyses horizontal and vertical price dynamics in the EU petroleum markets. The results indicate that the cross-country price differentials have significant impact on the local price adjustments. We investigate the cross-national price spill-overs and find that the extent of the welfare transfer due to asymmetric price transmission, when analysed in a cross-country setting, is less pronounced than claimed in previous contributions in this area. We also find empirical evidence, although indirect, for the politically charged concept of "fuel tourism", using a pan-European cross-product time series dataset.

Keywords: Oil; markets; Non-linear; error; correction; models; Price; transmission; Europe (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:31:y:2009:i:1:p:99-108

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