Gautier, Erwan; Marx, Magali; VERTIER, Paul - 2022
retail prices respond to a common shock on marginal cost (i.e. the wholesale gasoline price quoted on the Rotterdam market …). We find that the pass-through is complete: a 1% change in Rotterdam price translates to a change in retail price of 0 … about 3 weeks. In a broad class of sticky price models, the ratio of the kurtosis over the frequency of price changes is …