Search Costs, Lags and Prices at the Pump

By Ronald N. Johnson. 2002

150 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

View Paper: https://www.semanticscholar.org/paper/dad72043bbe7a03f4a02ab3975db136ae42a283b

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Citations in the corpus

Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Market (2011, methodology): “Results from the iterated one step procedure and the two step produce using the Þrst stage estimate of φ are not presented here.(14) Estimates of response behavior using these methods are similar in speed of adjustment and level of asymmetry to those presented below.”
Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework (2013, unknown): “sumer search-effort (Johnson, 2002).”
Oil price volatility and the asymmetric response of gasoline prices to oil price increases and decreases (2005, methodology): “Johnson (2002) argues that a faster adjustment of gasoline prices to an oil price increase is attributed to increased search when gasoline prices start rising and decreased search when prices fall.”
Taxation and the Asymmetric Adjustment of Selected Retail Energy Prices in the UK (2013, background): “A number of theoretical explanations for such asymmetry may be found in the literature, many of which invoke oligopolistic competition (BCG) or nonlinear search effort (Johnson, 2002).”
Price asymmetry in the Dutch retail gasoline market (2003, background): “Johnson (2002) stresses the importance of search costs in explaining asymmetric price responses in US gasoline and diesel markets. (5)Borenstein et al. (2002) also estimate a simple lagged adjustment relationship between daily, futures gasoline prices and crude oil prices (1985-1995).”
Rockets and feathers: Understanding asymmetric pricing (2009, unknown): “Costly consumer search stories have been suggested by some empirical studies as a possible explanation for the rockets and feathers pattern (Johnson, 2002; Borenstein, Cameron, and Gilbert, 1997; and Lewis, 2005).”
Econometric models of asymmetric price transmission (2007, unknown): “Johnson (2002) uses a modified version of specification (70), where autoregressive effects are considered and a zero-threshold is posed on the input price variation.”