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On the dynamics of gasoline market integration in the United States: Evidence from a pair-wise approach

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dc.creatorHolmes, Mark J.spa
dc.creatorOtero Cardona, Jesús Gilberto
dc.creatorPanagiotidis, Theodorespa
dc.date.accessioned2020-05-26T00:06:49Z
dc.date.available2020-05-26T00:06:49Z
dc.date.created2013spa
dc.description.abstractThis paper employs a pair-wise approach to examine regional integration in the US gasoline market. Using gasoline price data at the state level over a period of more than two decades, we find strong support for the view that the law of one price holds in regional markets, as more than 80% of bivariate price differentials turn out to be stationary. Furthermore, we uncover evidence that the speed at which prices converge to the long-run equilibrium depends upon the distance between states. Asymmetries are also present in this relationship. Our findings suggest that the more similar are states with respect to taxation, gas stations and refining capacity, the faster is the speed of adjustment towards the long-run equilibrium. © 2012 Elsevier B.V.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.eneco.2012.10.008
dc.identifier.issn01409883
dc.identifier.issn18736181
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23932
dc.language.isoengspa
dc.relation.citationEndPage510
dc.relation.citationStartPage503
dc.relation.citationTitleEnergy Economics
dc.relation.citationVolumeVol. 36
dc.relation.ispartofEnergy Economics, ISSN:01409883, 18736181, Vol.36,(2013); pp. 503-510spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84874322217&doi=10.1016%2fj.eneco.2012.10.008&partnerID=40&md5=82af018dc7ff66fcb5ddf66b18140837spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordBivariatespa
dc.subject.keywordGas stationsspa
dc.subject.keywordGasoline pricesspa
dc.subject.keywordLaw of one pricesspa
dc.subject.keywordMarket integrationspa
dc.subject.keywordPair-wise approachspa
dc.subject.keywordPanel dataspa
dc.subject.keywordRefining capacityspa
dc.subject.keywordRegional integrationspa
dc.subject.keywordRegional marketsspa
dc.subject.keywordCommercespa
dc.subject.keywordCostsspa
dc.subject.keywordIntegrationspa
dc.subject.keywordRefiningspa
dc.subject.keywordTaxationspa
dc.subject.keywordGasolinespa
dc.subject.keywordEconomic integrationspa
dc.subject.keywordGas supplyspa
dc.subject.keywordPanel dataspa
dc.subject.keywordPrice dynamicsspa
dc.subject.keywordUnited Statesspa
dc.subject.keywordGasolinespa
dc.subject.keywordMarket integrationspa
dc.subject.keywordPair-wise approachspa
dc.subject.keywordPanel dataspa
dc.subject.keywordSpeed of adjustmentspa
dc.titleOn the dynamics of gasoline market integration in the United States: Evidence from a pair-wise approachspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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