.png){kind=icon}
返回
Replicating rockets and feathers
.png){kind=icon}
OA
AI
DOI：10.1016/j.eneco.2017.12.021.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
This paper revisits the literature of asymmetric adjustment in gasoline and diesel prices, also known as the 'rockets and feathers' hypothesis, to consider the issue of the replication of empirical research. We examine the notion of replication versus robustness proposed by Clemens (2017) and add to the literature with a further review of recent and historic work on replication in economics and other disciplines. We then focus on the rockets and feathers literature, finding that the majority of empirical work performs robustness checks rather than replication of earlier papers. We perform two contrasting replication case studies motivated by the ideas of misspecification analysis, dynamic specification, mark-up, pass-through and asymmetric adjustment. In the first case study we find that results are both replicable and robust, even when data specifications are not identical. However, in the second case study we find that the results using the original sample are overturned when reanalysing the problem using an improved model specification. Furthermore, when extending the sample with more recent data and using a more sophisticated method, asymmetry is detected in both petrol and diesel pricing; different to the findings of the original study. Particular care must be taken in future rockets and feathers replications with regard to model specification and methodology. Crown Copyright (C) 2018 Published by Elsevier B.V. All rights reserved.
Keyword:
Replication
Rockets and feathers
Asymmetric pricing
Petrol
Diesel
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
14.2
论文数:
8.3K
被引数:
5.3W
机构
引用论文
分享收藏A study of the electronic structure and structural stability of Gd2Ti2O7 based glass-ceramic compositesGd2Ti2O7 基玻璃陶瓷复合材料的电子结构和结构稳定性的研究.png)
RSC Advances
RSC AdvancesIF0
PREAI
分享收藏Price rigidity in the downstream petroleum industry in New Zealand: where does it happen?ENERGY ECONOMICS
ENERGY ECONOMICSIF14.2
PREAI
分享收藏
查看更多内容