Wholesale Prices in Philadelphia, 1784-1861.
نویسندگان
چکیده
منابع مشابه
Deregulated Wholesale Electricity Prices in Europe
This paper analyses the interdependencies existing in the European electricity prices. The results of a multivariate dynamic analysis of weekly median prices reveal the presence of strong integration (but not perfect integration) among the markets considered in the sample and the existence of a common trend among electricity prices and oil prices. This implies that there are no long-run arbitra...
متن کاملWhy Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices
The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the menu-cost model as a literal des...
متن کاملSticky prices, inventories, and market power in wholesale gasoline markets
A model with costly adjustment of production and costly inventories implies that wholesale gasoline prices will respond with a lag to crude oil cost shocks. Unlike explanations that rely upon menu costs, imperfect information, or long-term buyer/seller relationships, this model also predicts that futures prices for gasoline will adjust incompletely to crude oil price shocks that occur close to ...
متن کاملMultiple Model Forecasting of Australian Regional Wholesale Electricity Prices
The expertise of electricity load forecasting has developed over decades. Some of the best load forecasting models use this expertise to improve the load forecasting accuracy by splitting the forecasting problem into sub-problems such as for weekend/weekday and peak/off peak. This research is designed to evaluate a method based on boosting algorithms to split the data into sub-problems for pric...
متن کاملAn experimental test of automatic mitigation of wholesale electricity prices
Available online 1 July 2010 JEL classifications:
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Political Science Quarterly
سال: 1938
ISSN: 0032-3195
DOI: 10.2307/2143826