Shin, Yongcheol and Greenwood-Nimmo, Matthew (2013) Taxation and the asymmetric adjustment of selected retail energy prices in the UK. Economics Letters. pp. 411-416. ISSN 0165-1765
Abstract
This paper investigates the adjustment of the prices of four key petroleum products in the UK following changes in the price of crude oil. We find significant evidence that the pre-tax prices of diesel, kerosene and gas oil adjust more rapidly in an upward than a downward direction but that the pre-tax price of unleaded petrol adjusts symmetrically. However, these patterns are obscured at the pump once one accounts for fuel duty and value added tax, raising the possibility that firms can use the tax system to conceal rent seeking behaviour.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | Copyright © 2013 Elsevier B.V. This is an author produced version of the paper published in Economics Letters. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Nonlinear ARDL (NARDL),Asymmetric Gasoline Price Adjustment,Rockets and Feathers Hypothesis |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York) |
Depositing User: | Pure (York) |
Date Deposited: | 28 Mar 2014 18:00 |
Last Modified: | 13 Mar 2025 05:22 |
Published Version: | https://doi.org/10.1016/j.econlet.2013.09.020 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1016/j.econlet.2013.09.020 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:76723 |
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