Asymmetric Price Adjustments Under Ever-Increasing Costs. Evidence from the Retail Gasoline Market in Colombia

There is abundant empirical evidence showing that asymmetric price adjustments exist in a wide variety of markets. Prices tend to grow faster when costs rise relative to the rate at which prices drop when costs fall. The objective of this paper is to empirically test whether asymmetric price adjustm...

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Bibliographic details
Main Author: Tovar, Jorge Andrés
Hofstetter, Marc
Format: Paper
Language: English
Place of publication: 11.10.2007
Related: UNIVERSIDAD DE LOS ANDES-CEDE
Data of publication: 2007/10/11
Series: DOCUMENTOS CEDE
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
Database information Databases - DBIS