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APT on the Swedish oil market
Jönköping University, Jönköping International Business School, JIBS, Economics, Finance and Statistics.
2015 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This study analyzes the existence of APT on the Swedish oil market. By using the OLS regression model and Quantile regression model we analyze if there is positive asymmetric price transmission between crude oil prices and retail gasoil prices (oktan 95 prices).  The data regarding the crude oil process is collected from Rotterdam spot price, while the data regarding the retail gasoil prices is collected from the official website of the companies that operates on Swedish oil market (Statoil, OKQ8 and Preem). The data were collected over the period 2008-2015.In addition, Koenker and Bassett's test for equality of slope across quantiles and Newey and Powell's - Symmetric quantiles test of conditional symmetry around the median, were used to analyze the data. Both tests confirm the presence of positive APT on Swedish oil market meaning that retail gasoil prices react quicker to crude oil price increases than to decreases.

Place, publisher, year, edition, pages
2015. , p. 49
Keywords [en]
APT, oligopoly, Quantile regression
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-26922ISRN: JU-IHH-NAA-2-20150011OAI: oai:DiVA.org:hj-26922DiVA, id: diva2:816614
Subject / course
IHH, Economics
Supervisors
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Available from: 2015-06-09 Created: 2015-06-03 Last updated: 2015-06-09Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
  • text
  • asciidoc
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