INPROFORUM 2011

Irreversible model of gasoline price adjustment in Slovakia
Karol Szomolányi, Martin Lukáčik, Adriana Lukáčiková

Language: sk
Last modified: 2013-07-30

Abstract


In this paper we examine whether an increase in gasoline prices due to change in the price of gasoline in stock proceeds by the manufacturer and distributor in Slovakia as well as in the case of a fall in fuel prices. For the analysis of this fact, we use an irreversible model with correction term, in which the explanatory variable is divided into two variables, the positive and the negative differences implying a price increase and a price decrease. The test of compliance of the parameters for these variables verifies the symmetry of the pricing.


Keywords


irreversible model, gasoline price adjustment, co-integration

Full Text: PDF