Do pump prices really follow Edgeworth cycles? Evidence from the German retail fuel market

Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a cycle. It seems challenging to address this assumption empiric...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 13-2019)
Main Author: de Haas, Samuel
Format: Article
Published: Philipps-Universität Marburg 2019
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics