Rockets & feathers: the asymmetric speed of adjustment of UK retail gasoline prices to cost changes

The determination of retail gasoline prices in the UK has long been the subject of debate. There have been three inquiries by the Monopolies and Mergers Commission (MMC), leading to the publication of the reports MMC (1965), (1979) and (1990), in which the industry was examined for evidence of non-c...

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Bibliographic Details
Main Author: Bacon, R
Format: Working paper
Language:English
Published: Oxford Institute for Energy Studies 1990