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Price dynamics in European petroleum markets

  • Wlazlowski, Szymon
  • Giulietti, Monica
  • Binner, Jane
  • Milas, Costas

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.

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Article provided by Elsevier in its journal Energy Economics.

Volume (Year): 31 (2009)
Issue (Month): 1 (January)
Pages: 99-108

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Handle: RePEc:eee:eneeco:v:31:y:2009:i:1:p:99-108
Contact details of provider: Web page: http://www.elsevier.com/locate/eneco

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