Rockets and Feathers
October 24, 2005
Michael Giberson Which business would you rather be in, one in which the price of your product is rocketing upwards, or one in which the price is slowly drifting down? “Rockets” and “feathers” are names characterizing a pair of stylized facts about the usual behavior of retail gasoline prices: when prices are going up, they … More Rockets and Feathers … More Rockets and Feathers