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...
Tovar, Jorge Andrés
|Place of publication:||
UNIVERSIDAD DE LOS ANDES-CEDE
|Data of publication:||2007/10/11|
|Online Access:||available in Bonn?|
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