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Abstract

The purpose of the article is to verify a hypothesis about the asymmetric pass-through of crude oil prices to the selling prices of refinery products (unleaded 95 petrol and diesel oil). The distribution chain is considered at three levels: the European wholesale market, the domestic wholesale market and the domestic retail market. The error correction model with threshold cointegration proved to be an appropriate tool for making an empirical analysis based on the Polish data. As found, price transmission asymmetry in the fuel market is significant and its scale varies depending on the level of distribution. The only exception is the wholesale price transmission to the domestic refinery price. All conclusions are supported by the cumulative response functions. The analysis sheds new light on the price-setting processes in an imperfectly competitive fuel market of a medium-sized, non-oil producing European country in transition.

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Authors and Affiliations

Katarzyna Leszkiewicz-Kędzior
Aleksander Welfe
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Abstract

Empathy and psychopathy seem to be two distant extremes, which only differ, with nothing similar. Therefore, the question that seems to be surprising is whether such a theoretical perspective is justified. Empathy exerts significant influence on social relationships and is associated with moral development, whereas psychopathy seems to be an opposite phenomenon, as it is associated with the lack of deep interpersonal bonds and the violation of legal norms. As studies from various disciplines and scientific areas indicate, such concepts as behavioral effectiveness, morality or altruism might help explain the complex nature of the interrelationship between psychopathy and empathy. The authors tried to explore and describe the complexity of the two presented concepts in the light of the conducted research, and the resulting theoretical and empirical implications.

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Authors and Affiliations

Beata Pastwa-Wojciechowska
Maria Kaźmierczak

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