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    Rights statement: This is the author’s version of a work that was accepted for publication in Energy Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Economics, 56, 2016 DOI: 10.1016/j.eneco.2016.04.004

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An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment. / Polemis, Michael L.; Tsionas, Efthymios.
In: Energy Economics, Vol. 56, 05.2016, p. 384-388.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Polemis, ML & Tsionas, E 2016, 'An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment', Energy Economics, vol. 56, pp. 384-388. https://doi.org/10.1016/j.eneco.2016.04.004

APA

Polemis, M. L., & Tsionas, E. (2016). An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment. Energy Economics, 56, 384-388. https://doi.org/10.1016/j.eneco.2016.04.004

Vancouver

Polemis ML, Tsionas E. An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment. Energy Economics. 2016 May;56:384-388. Epub 2016 Apr 11. doi: 10.1016/j.eneco.2016.04.004

Author

Polemis, Michael L. ; Tsionas, Efthymios. / An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment. In: Energy Economics. 2016 ; Vol. 56. pp. 384-388.

Bibtex

@article{3bbb91a0033c4c7ea91574c578601fd3,
title = "An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment",
abstract = "In this paper we revisit the wholesale and retail gasoline price adjustments to fluctuations in the input cost prices for a monthly panel dataset of 48 U.S. states over the period 1994 to 2011. In doing so, we employ non-linear semiparametric models with local Generalized Method of Moments (GMM) estimators. Our findings indicate that wholesale and retail gasoline prices adjust more rapidly in an upward than a downward direction, confirming the “rockets and feathers” hypothesis.",
keywords = "Semiparametric GMM model, Asymmetric gasoline price adjustment, Rockets and feathers hypothesis",
author = "Polemis, {Michael L.} and Efthymios Tsionas",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in Energy Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Economics, 56, 2016 DOI: 10.1016/j.eneco.2016.04.004",
year = "2016",
month = may,
doi = "10.1016/j.eneco.2016.04.004",
language = "English",
volume = "56",
pages = "384--388",
journal = "Energy Economics",
issn = "0140-9883",
publisher = "Elsevier Science B.V.",

}

RIS

TY - JOUR

T1 - An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment

AU - Polemis, Michael L.

AU - Tsionas, Efthymios

N1 - This is the author’s version of a work that was accepted for publication in Energy Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Economics, 56, 2016 DOI: 10.1016/j.eneco.2016.04.004

PY - 2016/5

Y1 - 2016/5

N2 - In this paper we revisit the wholesale and retail gasoline price adjustments to fluctuations in the input cost prices for a monthly panel dataset of 48 U.S. states over the period 1994 to 2011. In doing so, we employ non-linear semiparametric models with local Generalized Method of Moments (GMM) estimators. Our findings indicate that wholesale and retail gasoline prices adjust more rapidly in an upward than a downward direction, confirming the “rockets and feathers” hypothesis.

AB - In this paper we revisit the wholesale and retail gasoline price adjustments to fluctuations in the input cost prices for a monthly panel dataset of 48 U.S. states over the period 1994 to 2011. In doing so, we employ non-linear semiparametric models with local Generalized Method of Moments (GMM) estimators. Our findings indicate that wholesale and retail gasoline prices adjust more rapidly in an upward than a downward direction, confirming the “rockets and feathers” hypothesis.

KW - Semiparametric GMM model

KW - Asymmetric gasoline price adjustment

KW - Rockets and feathers hypothesis

U2 - 10.1016/j.eneco.2016.04.004

DO - 10.1016/j.eneco.2016.04.004

M3 - Journal article

VL - 56

SP - 384

EP - 388

JO - Energy Economics

JF - Energy Economics

SN - 0140-9883

ER -