Abstract
The presence in Italy of a high number of vertically integrated energy companies, has given us the idea to investigate the effects that adoption of new price policies, and geopolitical events, have on the mechanisms of price transmissions in the Italian wholesale and retail gasoline markets, using weekly data from January 03/2000 to November 28/2008. The interaction among crude oil prices, gasoline spot prices and the before tax gasoline retail prices have been considered. The results show that industrial policies have a significant role in explaining gasoline prices. To be more specific, shock in the retail market has an important role in the increasing price of gasoline.
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Romano, A.A., Scandurra, G. (2011). Impact of Exogenous Shocks on Oil Product Market Prices. In: Ingrassia, S., Rocci, R., Vichi, M. (eds) New Perspectives in Statistical Modeling and Data Analysis. Studies in Classification, Data Analysis, and Knowledge Organization. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-11363-5_13
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DOI: https://doi.org/10.1007/978-3-642-11363-5_13
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