Please use this identifier to cite or link to this item: http://dspace.lib.uom.gr/handle/2159/23336
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dc.contributor.advisorΦουντάς, Στυλιανόςel
dc.contributor.authorΜαλκίδης, Σταύροςel
dc.contributor.authorMalkidis, Stavrosen
dc.coverage.spatialGreeceen
dc.coverage.temporal2012-2018el
dc.date.accessioned2019-09-25T14:24:32Z-
dc.date.available2019-09-25T14:24:32Z-
dc.date.issued2019el
dc.identifier.urihttp://dspace.lib.uom.gr/handle/2159/23336-
dc.descriptionΠτυχιακή εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2019.el
dc.description.abstractGreek consumers often complain that fuel prices in the domestic market adjust more quickly to crude oil price increases than decreases and characterize this pricing pattern as market power exploitation. This article attempts to investigate the issue of asymmetries in a two-stage price-adjusting mechanism able to indicate the source of price asymmetries, either in the refining or in the distribution stage. The sample consists of daily data covering the period of January 2012 to November 2018 and it has been split into two subsamples due to a structural break October 2014. Using threshold and momentum models of cointegration at different stages in the distribution chain, we find that transmission is mostly symmetric for the period between 2012 and 2014 and asymmetric in the first stage of refining for the recent period between 2014 and 2018.el
dc.format.extent42el
dc.language.isoen_USen
dc.publisherΠανεπιστήμιο Μακεδονίαςel
dc.rightsAttribution / Non Commercialen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/*
dc.subjectAsymmetryen
dc.subjectError correction modelsen
dc.subjectThreshold cointegrationen
dc.subjectRetail fuel priceen
dc.titleLiquid fuel price adjustment in Greece: a two-stage, threshold cointegration approachen
dc.title.alternativeΗ προσαρμογή των τιμών υγρών καυσίμων στην Ελλάδα: μια προσέγγιση συνολοκλήρωσης σε δύο στάδιαel
dc.typeBachelor's Degree Paperen
dc.typeTexten
dc.contributor.committeememberΠαναγιωτίδης, Θεόδωροςel
dc.contributor.departmentΤμήμα Οικονομικών Επιστημών (ΠΕ)el
Appears in Collections:Τμήμα Οικονομικών Επιστημών (Π)

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