The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market
Gasoline prices in many markets follow a saw-toothed pattern known as an Edgeworth Cycle. Lewis (2009) introduces a novel way of measuring the shape of the cycle, the median change in price, and regresses this against a number of explanatory variables in US markets. Here, we undertake a similar regr...
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| Format: | Working Paper |
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Centre for Research in Applied Economics, Curtin Business School
2010
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| Online Access: | http://hdl.handle.net/20.500.11937/30596 |
| _version_ | 1848753133227868160 |
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| author | Bloch, Harry Wills-Johnson, Nick |
| author_facet | Bloch, Harry Wills-Johnson, Nick |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Gasoline prices in many markets follow a saw-toothed pattern known as an Edgeworth Cycle. Lewis (2009) introduces a novel way of measuring the shape of the cycle, the median change in price, and regresses this against a number of explanatory variables in US markets. Here, we undertake a similar regression analysis, but using data from Perth, Australia, and with a novel measure of market structure as a regressor. We also explore a novel measure, based on spectral analysis, of the use of cycles in a mixed strategy, and the factors which drive this use. |
| first_indexed | 2025-11-14T08:19:40Z |
| format | Working Paper |
| id | curtin-20.500.11937-30596 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:19:40Z |
| publishDate | 2010 |
| publisher | Centre for Research in Applied Economics, Curtin Business School |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-305962017-01-30T13:20:28Z The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market Bloch, Harry Wills-Johnson, Nick Edgeworth Cycles retail gasoline Gasoline prices in many markets follow a saw-toothed pattern known as an Edgeworth Cycle. Lewis (2009) introduces a novel way of measuring the shape of the cycle, the median change in price, and regresses this against a number of explanatory variables in US markets. Here, we undertake a similar regression analysis, but using data from Perth, Australia, and with a novel measure of market structure as a regressor. We also explore a novel measure, based on spectral analysis, of the use of cycles in a mixed strategy, and the factors which drive this use. 2010 Working Paper http://hdl.handle.net/20.500.11937/30596 Centre for Research in Applied Economics, Curtin Business School fulltext |
| spellingShingle | Edgeworth Cycles retail gasoline Bloch, Harry Wills-Johnson, Nick The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market |
| title | The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market |
| title_full | The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market |
| title_fullStr | The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market |
| title_full_unstemmed | The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market |
| title_short | The shape and frequency of Edgeworth price cycles in an Australian retail gasoline market |
| title_sort | shape and frequency of edgeworth price cycles in an australian retail gasoline market |
| topic | Edgeworth Cycles retail gasoline |
| url | http://hdl.handle.net/20.500.11937/30596 |