MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET
This article investigates the mechanism of wholesale pricing in the Ukrainian oil market. Structure and main components of the Ukrainian oil market are considered. Factors and main stages of wholesale pricing are identified. Application of cointegration approach for wholesale fuel prices behaviour m...
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| Format: | Article |
| Language: | English |
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Igor Sikorsky Kyiv Polytechnic Institute
2015-06-01
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| Series: | Ekonomìčnij Vìsnik Nacìonalʹnogo Tehnìčnogo Unìversitetu Ukraïni "Kiïvsʹkij Polìtehnìčnij Institut" |
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| Online Access: | http://ev.fmm.kpi.ua/article/view/44164 |
| _version_ | 1831674386237620224 |
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| author | Андрій Володимирович Свиденко |
| author_facet | Андрій Володимирович Свиденко |
| author_sort | Андрій Володимирович Свиденко |
| collection | DOAJ |
| description | This article investigates the mechanism of wholesale pricing in the Ukrainian oil market. Structure and main components of the Ukrainian oil market are considered. Factors and main stages of wholesale pricing are identified. Application of cointegration approach for wholesale fuel prices behaviour modelling with asymmetric adjustment relative to world prices is considered. A mathematical model that permits a correct description of the small wholesale petroleum prices dynamics is developed. Asymmetric behaviour of oil wholesale prices is revealed. The time of market response to disturbances and sluggishness of price adjustments relative to average amplitude of producer prices fluctuations are estimated. The possibility of model implementation for short-term wholesale prices forecasting is showed. |
| first_indexed | 2024-12-20T03:43:56Z |
| format | Article |
| id | doaj.art-ebefd26824224bb3b13984559b56ce52 |
| institution | Directory Open Access Journal |
| issn | 2307-5651 2412-5296 |
| language | English |
| last_indexed | 2024-12-20T03:43:56Z |
| publishDate | 2015-06-01 |
| publisher | Igor Sikorsky Kyiv Polytechnic Institute |
| record_format | Article |
| series | Ekonomìčnij Vìsnik Nacìonalʹnogo Tehnìčnogo Unìversitetu Ukraïni "Kiïvsʹkij Polìtehnìčnij Institut" |
| spelling | doaj.art-ebefd26824224bb3b13984559b56ce522022-12-21T19:54:40ZengIgor Sikorsky Kyiv Polytechnic InstituteEkonomìčnij Vìsnik Nacìonalʹnogo Tehnìčnogo Unìversitetu Ukraïni "Kiïvsʹkij Polìtehnìčnij Institut"2307-56512412-52962015-06-0101210.20535/2307-5651.12.2015.4416444164MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKETАндрій Володимирович Свиденко0НТУУ «КПІ»This article investigates the mechanism of wholesale pricing in the Ukrainian oil market. Structure and main components of the Ukrainian oil market are considered. Factors and main stages of wholesale pricing are identified. Application of cointegration approach for wholesale fuel prices behaviour modelling with asymmetric adjustment relative to world prices is considered. A mathematical model that permits a correct description of the small wholesale petroleum prices dynamics is developed. Asymmetric behaviour of oil wholesale prices is revealed. The time of market response to disturbances and sluggishness of price adjustments relative to average amplitude of producer prices fluctuations are estimated. The possibility of model implementation for short-term wholesale prices forecasting is showed.http://ev.fmm.kpi.ua/article/view/44164ринок нафтопродуктівоптові ціникоінтеграціяECM-модельасиметрія цін |
| spellingShingle | Андрій Володимирович Свиденко MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET Ekonomìčnij Vìsnik Nacìonalʹnogo Tehnìčnogo Unìversitetu Ukraïni "Kiïvsʹkij Polìtehnìčnij Institut" ринок нафтопродуктів оптові ціни коінтеграція ECM-модель асиметрія цін |
| title | MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET |
| title_full | MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET |
| title_fullStr | MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET |
| title_full_unstemmed | MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET |
| title_short | MODELLING WHOLESALE PRICES IN THE UKRAINIAN OIL MARKET |
| title_sort | modelling wholesale prices in the ukrainian oil market |
| topic | ринок нафтопродуктів оптові ціни коінтеграція ECM-модель асиметрія цін |
| url | http://ev.fmm.kpi.ua/article/view/44164 |
| work_keys_str_mv | AT andríjvolodimirovičsvidenko modellingwholesalepricesintheukrainianoilmarket |