Symmetric transmission of prices in the retail gasoline market in Brazil

André Suriane da Silva, Cláudio Roberto Fóffano Vasconcelos, Silvinha Pinto Vasconcelos and Rogério Silva de Mattos

Energy Economics, 2014, vol. 43, issue C, 11-21

Abstract: This study aimed to analyze the existence of asymmetric transmission of prices in the Brazilian gasoline market following a regional approach, using a disaggregated data set for the period between May 2004 and February 2011. The main result finds evidence of symmetric price transmission in retail gasoline market due to price shocks arising from the distributors. It is important to highlight that the disaggregation of the data allowed the study to show that the asymmetry is not a national problem, but specific to each city and different for each of the regions in Brazil.

Keywords: Gasoline; Price asymmetry; Threshold cointegration (search for similar items in EconPapers)
JEL-codes: C32 D40 L22 Q40 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:43:y:2014:i:c:p:11-21

DOI: 10.1016/j.eneco.2014.02.002

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