PROCESS OF GLOBAL SHOCKS TRANSMISSION TO DOMESTIC FOOD PRICE LEVEL: CASE OF BANGLADESH

Directory of Open Access Journals (Sweden)

Fakir Azmal Huda

2014-04-01

Full Text Available The world experienced in dramatic price surge of food commodities since mid of 2007 to 2008. It was claimed that the crisis were being mainly for backdrop of global shocks in food and energy price. But how the shocks come to domestic market from external sources is a researchable phenomenon. Surprisingly few attempts have been made to systematically analysis of shock transmission from international to domestic market. The study analyzed the effect of global commodity market factors and domestic exchange rate development on domestic food price in Bangladesh. A bi-variants co-integration approach was applied for the analysis of shock transmission. Finally an error correction model was developed. The overall magnitudes of the pass through suggest that only 46 per cent of the total world shock pass-through in domestic economy.

Statoil`s exposure to oil price fluctuations: An analysis on investment level and stock price

OpenAIRE

Nåmdal, Synne Meling; Meling, Kristine

2015-01-01

Master's thesis in Finance In this thesis an econometric analysis of Statoil’s investment level and stock return has been performed, with purpose of examine the affect that fluctuations in the price of crude oil has on these variables. The results revealed that crude oil prices have a significant impact on Statoil´s stock returns, due to the direct impact the crude oil price has on Statoil’s cash flows. The investment level does not seem to be affected by either of the variables in the ana...

Statoil`s exposure to oil price fluctuations: An analysis on investment level and stock price

OpenAIRE

Nåmdal, Synne Meling; Meling, Kristine

2015-01-01

In this thesis an econometric analysis of Statoil’s investment level and stock return has been performed, with purpose of examine the affect that fluctuations in the price of crude oil has on these variables. The results revealed that crude oil prices have a significant impact on Statoil´s stock returns, due to the direct impact the crude oil price has on Statoil’s cash flows. The investment level does not seem to be affected by either of the variables in the analysis, and this could indicate...

Los Alamos DP West Plutonium Facility decontamination project, 1978-1981

International Nuclear Information System (INIS)

Garde, R.; Cox, E.J.; Valentine, A.M.

1982-09-01

The DP West Plutonium Facility operated by the Los Alamos National Laboratory, Los Alamos, New Mexico was decontaminated between April 1978 and April 1981. The facility was constructed in 1944 to 1945 to produce plutonium metal and fabricate parts for nuclear weapons. It was continually used as a plutonium processing and research facility until mid-1978. Decontamination operations included dismantling and removing gloveboxes and conveyor tunnels; removing process systems, utilities, and exhaust ducts; and decontaminating all remaining surfaces. This report describes glovebox and conveyor tunnel separations, decontamination techniques, health and safety considerations, waste management procedures, and costs of the operation

Retail Price Levels and Concentrations of Wholesalers, Retailers and Hypermarkets

OpenAIRE

Asplund, Marcus; Friberg, Richard

1999-01-01

This paper examines retail grocery price levels with a very large (unbalanced) panel of stores that operate in well-defined local markets. We explain price variation across grocery retailers by the concentration of wholesalers and retailers, and the market share of hypermarkets (and control for a number of store and region specific factors). Our most important result is that concentration at the wholesale level is an important determinant of retail prices. The price effect of retail concentra...

Renewable Energy Prices in State-Level Feed-in Tariffs: Federal Law Constraints and Possible Solutions

Energy Technology Data Exchange (ETDEWEB)

Hempling, S.; Elefant, C.; Cory, K.; Porter, K.

2010-01-01

State legislatures and state utility commissions trying to attract renewable energy projects are considering feed-in tariffs, which obligate retail utilities to purchase electricity from renewable producers under standard arrangements specifying prices, terms, and conditions. The use of feed-in tariffs simplifies the purchase process, provides revenue certainty to generators, and reduces the cost of financing generating projects. However, some argue that federal law--including the Public Utility Regulatory Policies Act of 1978 (PURPA) and the Federal Power Act of 1935 (FPA)--constrain state-level feed-in tariffs. This report seeks to reduce the legal uncertainties for states contemplating feed-in tariffs by explaining the constraints imposed by federal statutes. It describes the federal constraints, identifies transaction categories that are free of those constraints, and offers ways for state and federal policymakers to interpret or modify existing law to remove or reduce these constraints. This report proposes ways to revise these federal statutes. It creates a broad working definition of a state-level feed-in tariff. Given this definition, this report concludes there are paths to non-preempted, state-level feed-in tariffs under current federal law.

Higher fuel prices are associated with lower air pollution levels.

Science.gov (United States)

Barnett, Adrian G; Knibbs, Luke D

2014-05-01

Air pollution is a persistent problem in urban areas, and traffic emissions are a major cause of poor air quality. Policies to curb pollution levels often involve raising the price of using private vehicles, for example, congestion charges. We were interested in whether higher fuel prices were associated with decreased air pollution levels. We examined an association between diesel and petrol prices and four traffic-related pollutants in Brisbane from 2010 to 2013. We used a regression model and examined pollution levels up to 16 days after the price change. Higher diesel prices were associated with statistically significant short-term reductions in carbon monoxide and nitrogen oxides. Changes in petrol prices had no impact on air pollution. Raising diesel taxes in Australia could be justified as a public health measure. As raising taxes is politically unpopular, an alternative political approach would be to remove schemes that put a downward pressure on fuel prices, such as industry subsidies and shopping vouchers that give fuel discounts. Copyright © 2014 Elsevier Ltd. All rights reserved.

Impacts of changing hardwood lumber consumption and price on stumpage and sawlog prices in Ohio

Science.gov (United States)

William Luppold; Matthew Bumgardner; T. Eric. McConnell

2014-01-01

In the early 2000s, increasing US furniture imports preceded declining US hardwood lumber demand and price. In the summer of 2002, however, hardwood lumber prices started to increase as demand by construction industries increased. By the mid-2000s, hardwood lumber prices hit all-time highs. Lumber prices hit all-time highs for red oak (Quercus spp...

World market integration of Vietnamese rice markets during the 2008 food price crisis

NARCIS (Netherlands)

Luckmann, J.; Ihle, R.; Kleinwechter, U.; Grethe, H.

2015-01-01

World market prices of rice have been subject to large fluctuations in recent years. In mid 2008, prices reached levels never seen before. Vietnam is a major exporter of rice and rice is also the main staple food of the country. Given the importance of rice for domestic food security, the Vietnamese

PRICE-LEVEL TARGETING – A VIABLE ALTERNATIVE TO INFLATION TARGETING?

Directory of Open Access Journals (Sweden)

Iulian Vasile Popescu

2012-12-01

Full Text Available The recent financial crisis that has led some central banks reaching the zero lower bound of their interest rate to use unconventional monetary policy instruments, has brought to the forefront theacademic discussions on the shift from inflation targeting (IT to price level targeting. This paper provides a comparative analysis on IT strategy and targeting the price level, assesses the implications and highlights the challenges of an eventual transition to a new monetary policy strategy. Balancing the advantages (mainly better anchored inflation expectations and disadvantages (communication difficulties generated by following a potential price-level targeting strategy and the necessary prerequisites for its functionality (predictive agents, fully familiar with the implications of such a strategy and with complete confidence in themonetary authority has led us to the conclusion that there is no common acceptance that price level targeting strategy might replace the present IT framework.

Cigarette price level and variation in five Southeast Asian countries.

Science.gov (United States)

Liber, Alex C; Ross, Hana; Ratanachena, Sophapan; Dorotheo, E Ulysses; Foong, Kin

2015-06-01

To monitor and analyse impacts of the interaction between tobacco excise tax policy and industry price strategy, on the price level and variation of cigarettes sold in five Southeast Asian countries (Indonesia, Cambodia, Lao PDR, the Philippines and Vietnam). Prices of cigarette sold by sticks and packs were collected through an in-person survey of retailers during 2011. Mean cigarette prices and price variation were calculated in each study country for single cigarettes, whole packs and brand groups. Price variation of whole packs was greater in countries with ad-valorem excise tax structures (Cambodia, Lao PDR and Vietnam) than in countries with multitiered specific excise taxes (Indonesia and the Philippines). The price variation for single sticks appeared to be driven by local currency denomination. Cigarettes sold individually cost more per stick than cigarettes sold in whole packs in every brand group except for Indonesia's domestic brands. Tobacco industry strategy and excise tax structure drove the price level and variation of cigarettes sold in packs, while currency denominations influence the selling price of single sticks. To maximise the effectiveness of tobacco tax policies, countries should adopt specific excise tax structures to decrease cigarette price variation, which would minimise opportunities for smokers to 'trade down' to a cheaper brand to avoid a tax-driven price increase. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

A history of prices in Canada, 1840-1871: a new wholesale price index

OpenAIRE

Donald G. Paterson; Ronald A. Shearer

2003-01-01

We present a new monthly wholesale price index for Canada, 1840-71, comparing fluctuations in the Canadian macroeconomy with fluctuations in similar U.S. and British indexes. Canadian prices move through distinct phases: the 1840s rise in prices and the decline in the depression of 1848-49; the mid-century economic boom and the 1857 depression; U.S. Civil War inflation and apparent Canadian price insulation through a flexible exchange rate created by U.S. withdrawal from gold; and the non-inf...

Natural gas pricing

International Nuclear Information System (INIS)

Freedenthal, C.

1993-01-01

Natural gas pricing is the heart and soul of the gas business. Price specifically affects every phase of the industry. Too low a price will result in short supplies as seen in the mid-1970s when natural gas was scarce and in tight supply. To fully understand the pricing of this energy commodity, it is important to understand the total energy picture. In addition, the effect and impact of world and US economies, and economics in general are crucial to understanding natural gas pricing. The purpose of this presentation will be to show the parameters going into US natural gas pricing including the influence of the many outside industry factors like crude oil and coal pricing, market drivers pushing the gas industry, supply/demand parameters, risk management for buyers and sellers, and other elements involved in pricing analysis

Measuring Regional Price Levels in the Czech Republic

Directory of Open Access Journals (Sweden)

Jiří Mrázek

2017-09-01

Full Text Available Regional price level comparison in the Czech Republic was a topic not touched until recently. Then a team of researchers from the University of Economics in Prague pioneered the way for NUTS 3 regions for the year 2007 and repeatedly in 2012. Another step to establish more reliable results came together with a research team of the Technical University in Liberec, which brought qualitatively new and well advanced approaches. This article aims to discuss some aspects of the two attempts to establish regional price level compariso in the Czech Republic.

Predicting Malaysian palm oil price using Extreme Value Theory

OpenAIRE

Chuangchid, K; Sriboonchitta, S; Rahman, S; Wiboonpongse, A

2013-01-01

This paper uses the extreme value theory (EVT) to predict extreme price events of Malaysian palm oil in the future, based on monthly futures price data for a 25 year period (mid-1986 to mid-2011). Model diagnostic has confirmed non-normal distribution of palm oil price data, thereby justifying the use of EVT. Two principal approaches to model extreme values – the Block Maxima (BM) and Peak-Over- Threshold (POT) models – were used. Both models revealed that the palm oil price will peak at ...

Scope of physician procedures independently billed by mid-level providers in the office setting.

Science.gov (United States)

Coldiron, Brett; Ratnarathorn, Mondhipa

2014-11-01

Mid-level providers (nurse practitioners and physician assistants) were originally envisioned to provide primary care services in underserved areas. This study details the current scope of independent procedural billing to Medicare of difficult, invasive, and surgical procedures by medical mid-level providers. To understand the scope of independent billing to Medicare for procedures performed by mid-level providers in an outpatient office setting for a calendar year. Analyses of the 2012 Medicare Physician/Supplier Procedure Summary Master File, which reflects fee-for-service claims that were paid by Medicare, for Current Procedural Terminology procedures independently billed by mid-level providers. Outpatient office setting among health care providers. The scope of independent billing to Medicare for procedures performed by mid-level providers. In 2012, nurse practitioners and physician assistants billed independently for more than 4 million procedures at our cutoff of 5000 paid claims per procedure. Most (54.8%) of these procedures were performed in the specialty area of dermatology. The findings of this study are relevant to safety and quality of care. Recently, the shortage of primary care clinicians has prompted discussion of widening the scope of practice for mid-level providers. It would be prudent to temper widening the scope of practice of mid-level providers by recognizing that mid-level providers are not solely limited to primary care, and may involve procedures for which they may not have formal training.

Relative Price Levels and Current Accounts: An Exploration

Directory of Open Access Journals (Sweden)

Joshua Aizenman

2008-12-01

Full Text Available This paper studies the links between current accounts and relative price levels, finding that current account changes are associated with sizable future relative price levels effects. This is done in panel regressions of the Penn effect, adding a lagged current account/GDP and other explanatory variables. Higher GDP/ capita and a greater export share of manufacturing tend to mitigate the real exchange rate impact of lagged current accounts. Active management of current accounts may provide a powerful adjustment channel, mitigating the real exchange rate effects of volatile terms of trade, and may explain the growing proliferation of Sovereign Wealth Funds.

Energy prices and substitution in United States manufacturing plants

Science.gov (United States)

Grim, Cheryl

Persistent regional disparities in electricity prices, growth in wholesale power markets, and recent deregulation attempts have intensified interest in the performance of the U.S. electric power industry, while skyrocketing fuel prices have brought renewed interest in the effect of changes in prices of all energy types on the U.S. economy. This dissertation examines energy prices and substitution between energy types in U.S. manufacturing. I use a newly constructed database that includes information on purchased electricity and electricity expenditures for more than 48,000 plants per year and additional data on the utilities that supply electricity to study the distribution of electricity prices paid by U.S. manufacturing plants from 1963 to 2000. I find a large compression in the dispersion of electricity prices from 1963 to 1978 due primarily to a decrease in quantity discounts for large electricity purchasers. I also find that spatial dispersion in retail electricity prices among states, counties and utility service territories is large, rises over time for smaller purchasers, and does not diminish as wholesale power markets expand in the 1990s. In addition, I examine energy type consumption patterns, prices, and substitution in U.S. manufacturing plants. I develop a plant-level dataset for 1998 with data on consumption and expenditures on energy and non-energy production inputs, output, and other plant characteristics. I find energy type consumption patterns vary widely across manufacturing plants. Further, I find a large amount of dispersion across plants in the prices paid for electricity, oil, natural gas, and coal. These high levels of dispersion are accounted for by the plant's location, industry, and purchase quantity. Finally, I present estimates of own- and cross-price elasticities of demand for both the energy and non-energy production inputs.

Historical Cost Dan General Price Level Accounting: Analisis Relevansi Indikator Keuangan

OpenAIRE

-, Meythi; Teresa, Sheffie

2012-01-01

In conventional accounting, financial statements are based on the historical cost principle that assumes that prices (monetary unit) are stable. Conventional accounting recognizes neither changes in the general price level nor changes in the specific price level. Consequently, if there are any changes in purchasing power such as in inflation period, the historical financial statement are not economically relevant and also income is usually overstated, and the fixed assets are usually understa...

Lead and the London Metal Exchange — a happy marriage? The outlook for prices and pricing issues confronting the lead industry

Science.gov (United States)

Keen, A.

The outlook for the supply-demand balance for refined lead is addressed and takes into account the growing non-fundamental forces on price determination. The market for refined lead is presently experiencing its first year of surplus since the major crisis of the early 1990s. Earlier in the decade, the dissolution of the Soviet Union and recession in developed economies led to a significant rise in London Metal Exchange (LME) stocks. An acceleration absorbed these stocks in an 18-month period in the mid-1990s, and LME lead prices reacted to the market deficit by peaking above US900. Since then the market has balanced, yet prices have declined steadily to less that 50% of their peak levels. It is argued that, on fundamental grounds, prices have fallen below justified levels. As much of the reason for this depression between 1997 and 1999 has been the generally depressive effect of the Asian economic crisis on financial markets, the level of lead prices may now be due for a correction. Other metals have begun to increase during the first half of 1999 and lead, given its neutral fundamental outlook, is now poised to participate in the generally more buoyant moods across LME metals. An increase of approximately 10% in average LME 3-month settlement prices is forecast and will result in annual average prices of US 570/tonne over the course of 1999. Monthly averages and spot prices are predicted to exceed this level, particularly during peak third-quarter demand.

Construction of the Mid-Level Management Position

Science.gov (United States)

Tyrell, Steve

2014-01-01

The role of the mid-level manager as an organizer, communicator, and problem-solver in student affairs has been examined within the literature, but current discussion generally excludes the perspective of managers at community colleges. This chapter focuses on the importance of managerial identity and roles, particularly as it is enacted within a…

THE EFFECTS OF CHANGING MARGIN LEVELS ON FUTURES OPTIONS PRICE

Institute of Scientific and Technical Information of China (English)

Yanling GU; Juan LI

2006-01-01

The paper studies the effects of changing margin levels on the price of futures options and how to organize a market maker's position. Black model (1976) becomes a special case of this paper.The paper prices futures options by duplicating them and adopting the theory of Backward Stochastic Differential Equations (BSDEs for short). Furthermore, the price of a futures option is the unique solution to a nonlinear BSDE.

Oil prices without OPEC: a walk on the supply-side

Energy Technology Data Exchange (ETDEWEB)

Roumasset, J.; Isaak, D.; Fesharaki, F.

1983-07-01

The rapid increases of oil prices during the 1970s are commonly regarded as prima facie evidence of monopoly power. This paper applies the theory of exhaustible resources to estimate the equilibrium oil prices (also known as efficiency prices) which would have prevailed in the absence of monopoly profits. The theory incorporates an extraction cost function wherein cost is a rising function of the cumulative amount of oil extracted. The model is used to simulate efficiency price paths under a variety of assumptions about extraction costs and real interest rates which are representative of perceptions at various times in recent history. These simulations show that the price increases of 1974 and 1979 to 1980 can be explained as a response to supply-side changes, especially changes in the perceived cost of the backstop technology and the fall in real interest rates in the mid and late 1970s. Thus, while efficiency prices were high in the 1970s, relative to extraction costs, it is plausible that average monopoly profits were negligible. This situation appears to have changed in the early 1980s due to the return of real interest rates to their historic levels. In early 1982, even spot prices, already below official prices, were substantially above the estimated efficiency or competitive price level. On the other hand, efficiency prices remain far above extraction costs. Thus, even if the price-setting power of OPEC were eroded by competition, the real price of oil would not fall below the level established in 1974. 18 references, 1 figure, 2 tables.

Ubiquity and impact of thin mid-level clouds in the tropics

OpenAIRE

Bourgeois, Quentin; Ekman, Annica M. L.; Igel, Matthew R.; Krejci, Radovan

2016-01-01

Clouds are crucial for Earth's climate and radiation budget. Great attention has been paid to low, high and vertically thick tropospheric clouds such as stratus, cirrus and deep convective clouds. However, much less is known about tropospheric mid-level clouds as these clouds are challenging to observe in situ and difficult to detect by remote sensing techniques. Here we use Cloud-Aerosol Lidar with Orthogonal Polarization (CALIOP) satellite observations to show that thin mid-level clouds (TM...

PRICE-LEVEL TARGETING – A VIABLE ALTERNATIVE TO INFLATION TARGETING?

OpenAIRE

Iulian Vasile Popescu

2012-01-01

The recent financial crisis that has led some central banks reaching the zero lower bound of their interest rate to use unconventional monetary policy instruments, has brought to the forefront the academic discussions on the shift from inflation targeting (IT) to price level targeting. This paper provides a comparative analysis on IT strategy and targeting the price level, assesses the implications and highlights the challenges of an eventual transition to a new monetary policy strategy. Bala...

Solar--geophysical data number 410, October 1978. Part II. (Comprehensive reports). Data for April 1978--March 1978 and miscellanea

International Nuclear Information System (INIS)

Coffey, H.E.

1978-10-01

This comprehensive report for April 1978, March 1978 and Miscellaneous data provides data on active regions, synoptic solar maps, solar flares, solar radio waves, energetic solar particles and plasma, synoptic chart, abbreviated calendar record, regional flare index, solar x-ray radiation, cosmic rays, energetic solar particles and plasma for March 1978 and solar flares for February 1978

The Effects of Market Structure on Television News Pricing.

Science.gov (United States)

Wirth, Michael O.; Wollert, James A.

Multiple regression techniques were used to examine the business side of local television news operations for November 1978. Research questions examined the effect of several variables on local television news prices (advertising rates), including type of ownership, network affiliation/signal type, market size, cable network penetration, market…

48 CFR 616.207 - Firm-fixed-price, level-of-effort term contracts.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Firm-fixed-price, level-of-effort term contracts. 616.207 Section 616.207 Federal Acquisition Regulations System DEPARTMENT OF STATE CONTRACTING METHODS AND CONTRACT TYPES TYPES OF CONTRACTS Fixed-Price Contracts 616.207 Firm-fixed-price...

How do minimum cigarette price laws affect cigarette prices at the retail level?

Science.gov (United States)

Feighery, E C; Ribisl, K M; Schleicher, N C; Zellers, L; Wellington, N

2005-04-01

Half of US states have minimum cigarette price laws that were originally passed to protect small independent retailers from unfair price competition with larger retailers. These laws prohibit cigarettes from being sold below a minimum price that is set by a formula. Many of these laws allow cigarette company promotional incentives offered to retailers, such as buydowns and master-type programmes, to be calculated into the formula. Allowing this provision has the potential to lower the allowable minimum price. This study assesses whether stores in states with minimum price laws have higher cigarette prices and lower rates of retailer participation in cigarette company promotional incentive programmes. Retail cigarette prices and retailer participation in cigarette company incentive programmes in 2001 were compared in eight states with minimum price laws and seven states without them. New York State had the most stringent minimum price law at the time of the study because it excluded promotional incentive programmes in its price setting formula; cigarette prices in New York were compared to all other states included in the study. Cigarette prices were not significantly different in our sample of US states with and without cigarette minimum price laws. Cigarette prices were significantly higher in New York stores than in the 14 other states combined. Most existing minimum cigarette price laws appear to have little impact on the retail price of cigarettes. This may be because they allow the use of promotional programmes, which are used by manufacturers to reduce cigarette prices. New York's strategy to disallow these types of incentive programmes may result in higher minimum cigarette prices, and should also be explored as a potential policy strategy to control cigarette company marketing practices in stores. Strict cigarette minimum price laws may have the potential to reduce cigarette consumption by decreasing demand through increased cigarette prices and reduced

Exploration can cause falling non-renewable resource prices

International Nuclear Information System (INIS)

Boyce, John R.

2003-01-01

This note shows that when marginal exploration costs are increasing in the rate of exploration that it is possible to observe non-renewable resource prices falling over a portion of the extraction profile. Thus, while the model of Pindyck (J. Polit. Econ. 86 (1978) 841) was based on an incorrect specification of the aggregate extraction cost function, its general conclusion that exploration can cause falling non-renewable resource prices is upheld. This result is in contrast to Mendelsohn and Swierzbinski (Int. Econ. Rev. 30 (1989) 175), who assumed that marginal extraction costs were constant

DETERMINATION OF ORGANIZATIONAL STRESS AND ORGANIZATIONAL BURNOUT LEVELS OF MID LEVEL MANAGERS WORKING IN FOUR AND FIVE STAR HOTEL BUSINESSES

Directory of Open Access Journals (Sweden)

Sevket Yirik

2015-04-01

Full Text Available The present study emphasizes the concepts of stress and organizational stress which are the main concepts constituting theoretical foundation of the research; evaluates influences of stress on organization; discusses the concept of organizational burnout as well as its sub-dimensions; and analyses organizational stress and burnout levels of mid level managers working in four and five star hotels. The purpose of this study is to analyze the relationship between organizational stress and organizational burnout levels of mid level managers of four and five star hotel businesses. Survey has been conducted on 318 employees of four and five star hotels operating in Alanya, Turkey. According to the analysis of data, it has been observed that ages of mid level managers have an influence on their organizational stress and burnout levels. Genders of mid level managers are influential on their organizational stress levels while they have no influence on their burnout levels. Education levels of managers influence their organizational stress levels while they have no influence on their burnout levels. The departments of managers are influential both on organizational stress and burnout. Positions of managers influence their burnout levels while they have no influence on their organizational stress levels.

Cameroon mid-level providers offer a promising public health dentistry model

Directory of Open Access Journals (Sweden)

Achembong Leo

2012-11-01

Full Text Available Background Oral health services are inadequate and unevenly distributed in many developing countries, particularly those in sub-Saharan Africa. Rural areas in these countries and poorer sections of the population in urban areas often do not have access to oral health services mainly because of a significant shortage of dentists and the high costs of care. We reviewed Cameroon’s experience with deploying a mid-level cadre of oral health professionals and the feasibility of establishing a more formal and predictable role for these health workers. We anticipate that a task-shifting approach in the provision of dental care will significantly improve the uneven distribution of oral health services particularly in the rural areas of Cameroon, which is currently served by only 3% of the total number of dentists. Methods The setting of this study was the Cameroon Baptist Convention Health Board (BCHB, which has four dentists and 42 mid-level providers. De-identified data were collected manually from the registries of 10 Baptist Convention clinics located in six of Cameroon’s 10 regions and then entered into an Excel format before importing into STATA. A retrospective abstraction of all entries for patient visits starting October 2010, and going back in time until 1500 visits were extracted from each clinic. Results This study showed that mid-level providers in BCHB clinics are offering a full scope of dental work across the 10 clinics, with the exception of treatment for major facial injuries. Mid-level providers alone performed 93.5% of all extractions, 87.5% of all fillings, 96.5% of all root canals, 97.5% of all cleanings, and 98.1% of all dentures. The dentists also typically played a teaching role in training the mid-level providers. Conclusions The Ministry of Health in Cameroon has an opportunity to learn from the BCHB model to expand access to oral health care across the country. This study shows the benefits of using a simple, workable, low

Activity report 1978

International Nuclear Information System (INIS)

Delande, E.; Drent, W.

1979-07-01

The principal activities of Eurochemic plant in the fields of reprocessing and the solidification and conditioning of liquid and solid wastes are presented in this report that covers the period 1 January to 31 December 1978. Works in the plant are closely related to the decontamination in cooperation with specialized firms. Active operation of bituminization facility was started in June, and a total of 66 m 3 of medium level waste was incorporated into bitumen by the end of 1978. The associated storage facility was in active operation since June and preliminary studies for its extension were completed. A facility was completed for the conditioning of solid wastes arising from the decontamination operation of solid wastes whch were stored under water during plant operation. (AF)

Industrial safety and applied health physics. Annual report for 1978

International Nuclear Information System (INIS)

Auxier, J.A.

1979-09-01

There were no external or internal exposures to personnel which exceeded the standards for radiation protection as defined in DOE Manual Chapter 0524. Only 39 employees received whole body dose equivalents of one rem or greater. The highest whole body dose equivalent to an employee was 3.3 rem. The highest internal exposure was less than 25% of a maximum permissible dose for any calendar quarter. During 1978, 23 portable instruments were added to the inventory and 228 retired. The total number in service on January 1, 1979, was 1023. There were no releases of gaseous waste or liquid radioactive waste from the laboratory which were of a level that required an incident report to DOE. The average background level at the PAM stations during 1978 was 9.3 μR/hr, or 81 mR/yr. Soil samples were collected at all perimeter and remote monitoring stations and analyzed for eleven radionuclides including plutonium and uranium. Grass samples were collected and analyzed for twelve radionuclides including plutonium and uranium. During 1978, the Radiation and Safety Surveys personnel continued to assist the operating groups in keeping contamination, air concentrations, and personnel exposure levels below the established maximum permissible levels. Fourteen radiation incidents involving radioactive materials were recorded during 1978. Of the 582,000 articles of wearing apparel and 192,000 articles, such as mops, laundry bags, towels, etc., monitored during 1978 about four percent were found to be contaminated. Three lost workday cases occurred at ORNL in 1978, a frequency rate of 0.07. The Serious Injury frequency rate for 1978 was 1.40, as based on the new OSHA system for recording injuries and illness (RII). A total of 55 days were lost or charged for the three lost workday cases in 1978

Preparing Future Leaders in Higher Education: Excellence Practices from Staff to Mid-Level Management Role Transitions

Science.gov (United States)

Little, Erica Sherese

2016-01-01

Mid-level leadership is key to a functioning university and it is important that mid-level leaders feel they have the tools and resources they need in order to succeed. To be successful in a new mid-level leadership position, entering supervisors must clearly communicate a strong sense of vision, values, and principles to their staff and establish…

Seasonal influence on Ohio hardwood stumpage price trends

Science.gov (United States)

T. Eric. McConnell

2014-01-01

The average annual percentage rates of change in real sawtimber stumpage prices from 1978 through 2012 (dollars per thousand board feet, Doyle) for the 10 commercial hardwood species of Ohio were determined. Each species was then further examined for differing trend lines between the spring and fall reporting periods. Annual real rates of change ranged from -1.10...

19 CFR 351.412 - Levels of trade; adjustment for difference in level of trade; constructed export price offset.

Science.gov (United States)

2010-04-01

... Price, Constructed Export Price, Fair Value, and Normal Value § 351.412 Levels of trade; adjustment for.... The Secretary is authorized to adjust normal value to account for such a difference. (See section 773... value for a difference in level of trade if: (1) The Secretary calculates normal value at a different...

Hypothesis Support Mechanism for Mid-Level Visual Pattern Recognition

Science.gov (United States)

Amador, Jose J (Inventor)

2007-01-01

A method of mid-level pattern recognition provides for a pose invariant Hough Transform by parametrizing pairs of points in a pattern with respect to at least two reference points, thereby providing a parameter table that is scale- or rotation-invariant. A corresponding inverse transform may be applied to test hypothesized matches in an image and a distance transform utilized to quantify the level of match.

Share-of-Surplus Product Line Optimisation with Price Levels

Directory of Open Access Journals (Sweden)

X. G. Luo

2014-01-01

Full Text Available Kraus and Yano (2003 established the share-of-surplus product line optimisation model and developed a heuristic procedure for this nonlinear mixed-integer optimisation model. In their model, price of a product is defined as a continuous decision variable. However, because product line optimisation is a planning process in the early stage of product development, pricing decisions usually are not very precise. In this research, a nonlinear integer programming share-of-surplus product line optimization model that allows the selection of candidate price levels for products is established. The model is further transformed into an equivalent linear mixed-integer optimisation model by applying linearisation techniques. Experimental results in different market scenarios show that the computation time of the transformed model is much less than that of the original model.

A mid-term, market-based power systems planning model

International Nuclear Information System (INIS)

Koltsaklis, Nikolaos E.; Dagoumas, Athanasios S.; Georgiadis, Michael C.; Papaioannou, George; Dikaiakos, Christos

2016-01-01

Highlights: • A mid-term Energy Planning along with a Unit Commitment model is developed. • The model identifies the optimum interconnection capacity. • Electricity interconnections affect the power mix and the day-ahead spot price. • Renewables’ penetration has impacts on the power reserves and the CO_2 emissions. • Energy policy and fuel pricing can have significant impacts on the power mix. - Abstract: This paper presents a generic Mixed Integer Linear Programming (MILP) model that integrates a Mid-term Energy Planning (MEP) model, which implements generation and transmission system planning at a yearly level, with a Unit Commitment (UC) model, which performs the simulation of the Day-Ahead Electricity Market. The applicability of the proposed model is illustrated in a case study of the Greek interconnected power system. The aim is to evaluate a critical project in the Ten Year Network Development Plan (TYNDP) of the Independent Power Transmission System Operator S.A. (ADMIE), namely the electric interconnection of the Crete Island with the mainland electric system. The proposed modeling framework identifies the implementation (or not) of the interconnection of the Crete Island with the mainland electric system, as well as the optimum interconnection capacity. It also quantifies the effects on the Day-Ahead electricity market and on the energy mix. The paper demonstrates that the model can provide useful insights into the strategic and challenging decisions to be determined by investors and/or policy makers at a national and/or regional level, by providing the optimal energy roadmap and management, as well as clear price signals on critical energy projects under real operating and design constraints.

Wood-energy: success depends on the price of fossil energies and on the carbon tax level

International Nuclear Information System (INIS)

Defaye, Serge; Maindrault, Marc

2016-01-01

Illustrated by several graphs indicating the structure of fossil energy prices, the comparison between domestic fuel and wood-energy for public network exploitation, the levels of fossil prices and carbon tax for non-subsidised projects, this article analyses the development of biomass (and more particularly wood-energy), the success of which depends on the price of fossil energies and on the carbon tax level. It outlines the differences of price-building elements between fossil and renewable heat, that subsidies are necessary if reference prices are low. It discusses the influence of carbon tax level and of fossil prices. It finally identifies conditions to be met (reduction of fossil energy supply and therefore higher fossil prices, introduction of a carbon tax) to reach COP objectives

A Bayesian Multi-Level Factor Analytic Model of Consumer Price Sensitivities across Categories

Science.gov (United States)

Duvvuri, Sri Devi; Gruca, Thomas S.

2010-01-01

Identifying price sensitive consumers is an important problem in marketing. We develop a Bayesian multi-level factor analytic model of the covariation among household-level price sensitivities across product categories that are substitutes. Based on a multivariate probit model of category incidence, this framework also allows the researcher to…

Understanding job satisfaction amongst mid-level cadres in Malawi: the contribution of organisational justice.

Science.gov (United States)

McAuliffe, Eilish; Manafa, Ogenna; Maseko, Fresier; Bowie, Cameron; White, Emma

2009-05-01

The migration of doctors and nurses from low- to high-income countries has left many countries relying on mid-level cadres as the mainstay of their health delivery system, Malawi being an example. Although an extremely important resource, little attention has been paid to the management and further development of these cadres. In this paper we use the concept of organisational justice - fairness of treatment, procedures and communication on the part of managers - to explore through a questionnaire how mid-level cadres in jobs traditionally done by higher-level cadres self-assessed their level of job satisfaction. All mid-level health workers present on the day of data collection in 34 health facilities in three health districts of Malawi, one district each from the three geographical regions, were invited to participate; 126 agreed. Perceptions of justice correlated strongly with level of job satisfaction, and in particular perceptions of how well they were treated by their managers and the extent to which they were informed about decisions and changes. Pay was not the only important element in job satisfaction; promotion opportunities and satisfaction with current work assignments were also significant. These findings highlight the important role that managers can play in the motivation, career development and performance of mid-level health workers.

CGNS Mid-Level Software Library and Users Guide

Science.gov (United States)

Poirier, Diane; Smith, Charles A. (Technical Monitor)

1998-01-01

The "CFD General Notation System" (CGNS) consists of a collection of conventions, and conforming software, for the storage and retrieval of Computational Fluid Dynamics (CFD) data. It facilitates the exchange of data between sites and applications, and helps stabilize the archiving of aerodynamic data. This effort was initiated in order to streamline the procedures in exchanging data and software between NASA and its customers, but the goal is to develop CGNS into a National Standard for the exchange of aerodynamic data. The CGNS development team is comprised of members from Boeing Commercial Airplane Group, NASA-Ames, NASA-Langley, NASA-Lewis, McDonnell-Douglas Corporation (now Boeing-St. Louis), Air Force-Wright Lab., and ICEM-CFD Engineering. The elements of CGNS address all activities associated with the storage of data on external media and its movement to and from application programs. These elements include: - The Advanced Data Format (ADF) Database manager, consisting of both a file format specification and its I/O software, which handles the actual reading and writing of data from and to external storage media; - The Standard Interface Data Structures (SIDS), which specify the intellectual content of CFD data and the conventions governing naming and terminology; - The SIDS-to-ADF File Mapping conventions, which specify the exact location where the CFD data defined by the SIDS is to be stored within the ADF file(s); and - The CGNS Mid-level Library, which provides CFD-knowledgeable routines suitable for direct installation into application codes. The CGNS Mid-level Library was designed to ease the implementation of CGNS by providing developers with a collection of handy I/O functions. Since knowledge of the ADF core is not required to use this library, it will greatly facilitate the task of interfacing with CGNS. There are currently 48 user callable functions that comprise the Mid-level library and are described in the Users Guide. The library is written in

Learning a Mid-Level Representation for Multiview Action Recognition

Directory of Open Access Journals (Sweden)

Cuiwei Liu

2018-01-01

Full Text Available Recognizing human actions in videos is an active topic with broad commercial potentials. Most of the existing action recognition methods are supposed to have the same camera view during both training and testing. And thus performances of these single-view approaches may be severely influenced by the camera movement and variation of viewpoints. In this paper, we address the above problem by utilizing videos simultaneously recorded from multiple views. To this end, we propose a learning framework based on multitask random forest to exploit a discriminative mid-level representation for videos from multiple cameras. In the first step, subvolumes of continuous human-centered figures are extracted from original videos. In the next step, spatiotemporal cuboids sampled from these subvolumes are characterized by multiple low-level descriptors. Then a set of multitask random forests are built upon multiview cuboids sampled at adjacent positions and construct an integrated mid-level representation for multiview subvolumes of one action. Finally, a random forest classifier is employed to predict the action category in terms of the learned representation. Experiments conducted on the multiview IXMAS action dataset illustrate that the proposed method can effectively recognize human actions depicted in multiview videos.

Food Image Recognition via Superpixel Based Low-Level and Mid-Level Distance Coding for Smart Home Applications

Directory of Open Access Journals (Sweden)

Jiannan Zheng

2017-05-01

Full Text Available Food image recognition is a key enabler for many smart home applications such as smart kitchen and smart personal nutrition log. In order to improve living experience and life quality, smart home systems collect valuable insights of users’ preferences, nutrition intake and health conditions via accurate and robust food image recognition. In addition, efficiency is also a major concern since many smart home applications are deployed on mobile devices where high-end GPUs are not available. In this paper, we investigate compact and efficient food image recognition methods, namely low-level and mid-level approaches. Considering the real application scenario where only limited and noisy data are available, we first proposed a superpixel based Linear Distance Coding (LDC framework where distinctive low-level food image features are extracted to improve performance. On a challenging small food image dataset where only 12 training images are available per category, our framework has shown superior performance in both accuracy and robustness. In addition, to better model deformable food part distribution, we extend LDC’s feature-to-class distance idea and propose a mid-level superpixel food parts-to-class distance mining framework. The proposed framework show superior performance on a benchmark food image datasets compared to other low-level and mid-level approaches in the literature.

Late mid-Holocene sea-level oscillation: A possible cause

Science.gov (United States)

Scott, D. B.; Collins, E. S.

Sea level oscillated between 5500 and 3500 years ago at Murrells Inlet, South Carolina, Chezzetcook and Baie Verte, Nova Scotia and Montmagny, Quebec. The oscillation is well constrained by foraminiferal marsh zonations in three locations and by diatoms in the fourth one. The implications are: (1) there was a eustatic sea-level oscillation of about 2-10 m in the late mid-Holocene on the southeast coast of North America (South Carolina to Quebec) that is not predicted by present geophysical models of relative sea-level change; (2) this oscillation coincides with oceanographic cooling on the east coast of Canada that we associate with melting ice; and (3) this sea- level oscillation/climatic event coincides exactly with the end of pyramid building in Egypt which is suggested to have resulted from a climate change (i.e. drought, cooling). This sea-level/climatic change is a prime example of feedback where climatic warming in the mid-Holocene promoted ice melt in the Arctic which subsequently caused climatic cooling by opening up Arctic channels releasing cold water into the Inner Labrador Current that continued to intensify until 4000 years ago. This sea-level event may also be the best way of measuring when the final ice melted since most estimates of the ages of the last melting are based on end moraine dates in the Arctic which may not coincide with when the last ice actually melted out, since there is no way of dating the final ice positions.

Mid-Term Electricity Market Clearing Price Forecasting with Sparse Data: A Case in Newly-Reformed Yunnan Electricity Market

Directory of Open Access Journals (Sweden)

Chuntian Cheng

2016-10-01

Full Text Available For the power systems, for which few data are available for mid-term electricity market clearing price (MCP forecasting at the early stage of market reform, a novel grey prediction model (defined as interval GM(0, N model is proposed in this paper. Over the traditional GM(0, N model, three major improvements of the proposed model are: (i the lower and upper bounds are firstly identified to give an interval estimation of the forecasting value; (ii a novel whitenization method is then established to determine the definite forecasting value from the forecasting interval; and (iii the model parameters are identified by an improved particle swarm optimization (PSO instead of the least square method (LSM for the limitation of LSM. Finally, a newly-reformed electricity market in Yunnan province of China is studied, and input variables are contrapuntally selected. The accuracy of the proposed model is validated by observed data. Compared with the multiple linear regression (MLR model, the traditional GM(0, N model and the artificial neural network (ANN model, the proposed model gives a better performance and its superiority is further ensured by the use of the modified Diebold–Mariano (MDM test, suggesting that it is suitable for mid-term electricity MCP forecasting in a data-sparse electricity market.

Hospitality managers’ price-ending beliefs: a survey and applications

OpenAIRE

Schindler, Robert M.; Parsa, H. G.; Naipaul, Sandra

2011-01-01

The use of “just-below” pricing (such as pricing an item at $6.99 or $6.95, rather than $7.00) has been common in some segments of the hospitality industry (such as quick-service and mid-scale dining). The results of a detailed survey of the price-ending beliefs of hospitality managers show that many believe that just-below prices connote good value and roundnumber prices connote high quality. Furthermore, the majority of these managers believe that consumers tend to drop off or otherwise giv...

Critical mid-term uncertainties in long-term decarbonisation pathways

International Nuclear Information System (INIS)

Usher, Will; Strachan, Neil

2012-01-01

Over the next decade, large energy investments are required in the UK to meet growing energy service demands and legally binding emission targets under a pioneering policy agenda. These are necessary despite deep mid-term (2025–2030) uncertainties over which national policy makers have little control. We investigate the effect of two critical mid-term uncertainties on optimal near-term investment decisions using a two-stage stochastic energy system model. The results show that where future fossil fuel prices are uncertain: (i) the near term hedging strategy to 2030 differs from any one deterministic fuel price scenario and is structurally dissimilar to a simple ‘average’ of the deterministic scenarios, and (ii) multiple recourse strategies from 2030 are perturbed by path dependencies caused by hedging investments. Evaluating the uncertainty under a decarbonisation agenda shows that fossil fuel price uncertainty is very expensive at around £20 billion. The addition of novel mitigation options reduces the value of fossil fuel price uncertainty to £11 billion. Uncertain biomass import availability shows a much lower value of uncertainty at £300 million. This paper reveals the complex relationship between the flexibility of the energy system and mitigating the costs of uncertainty due to the path-dependencies caused by the long-life times of both infrastructures and generation technologies. - Highlights: ► Critical mid-term uncertainties affect near-term investments in UK energy system. ► Deterministic scenarios give conflicting near-term actions. ► Stochastic scenarios give one near-term hedging strategy. ► Technologies exhibit path dependency or flexibility. ► Fossil fuel price uncertainty is very expensive, biomass availability uncertainty is not.

Challenging the myths: the mid-stream asset provider's view

International Nuclear Information System (INIS)

Findlay, R.

1996-01-01

The term 'mid-stream asset business' implies custom processing and gathering, meaning that a gas producer sells his gas at the wellhead, thereby transferring the business of gathering, processing and marketing of the gas and liquids to a third party. The concept is popular in the United States, but is not yet common in Canada. In Canada, producers own the gas gathering and processing systems. The mid-stream asset business was claimed to be more user friendly than the old custom processing business. Three myths about the mid-stream asset business were challenged: (1) all the risk is on the producer, the processor takes no risk, (2) the mid-stream asset business is an expensive means of financing further exploration, and (3) owning and operating gathering and processing facilities is an integral part of a producer's business. Arguments were brought forth to dispel these myths and to emphasize that a processor should be prepared to accept risks associated with the commodity, prices, production and operations. To be operationally effective, the producer's flexibility and strategic advantages must approach the same level as if he were the owner of the facility

48 CFR 16.207 - Firm-fixed-price, level-of-effort term contracts.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Firm-fixed-price, level-of-effort term contracts. 16.207 Section 16.207 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES TYPES OF CONTRACTS Fixed-Price Contracts 16.207 Firm-fixed...

Silicon ribbon technology assessment 1978-1986 - A computer-assisted analysis using PECAN

Science.gov (United States)

Kran, A.

1978-01-01

The paper presents a 1978-1986 economic outlook for silicon ribbon technology based on the capillary action shaping technique. The outlook is presented within the framework of two sets of scenarios, which develop strategy for approaching the 1986 national energy capacity cost objective of $0.50/WE peak. The PECAN (Photovoltaic Energy Conversion Analysis) simulation technique is used to develop a 1986 sheet material price ($50/sq m) which apparently can be attained without further scientific breakthrough.

SuperPixel based mid-level image description for image recognition

NARCIS (Netherlands)

Tasli, H.E.; Sicre, R.; Gevers, T.

2015-01-01

This study proposes a mid-level feature descriptor and aims to validate improvement on image classification and retrieval tasks. In this paper, we propose a method to explore the conventional feature extraction techniques in the image classification pipeline from a different perspective where

Relevansi dan Interpretatif Laporan Keuangan Berdasarkan Metode General Price Level Accounting

Directory of Open Access Journals (Sweden)

David Sukardi Kodrat

2015-12-01

Full Text Available The recent economic matters of Indonesia is sign of inflation. Inflation is a rise in the general level prices over time of a specific set of goods and services. In Indonesia, inflation rate is reported  based on  Consumer Price Index until 2007 always more than 5 percent unless in 1985 as 4.3 percent. The latest five year from 2003 to 2007 are 6.8%, 6.06%, 10.4%, 14,8% and 6.4%. It showed that a rise in the prices of a goods and services are influenced directly to change of purchasing power and production cost or the factors of production. Although the inflation is under two digits, inflation only above five percent is too high if its compare to gross national product. Generally, Financial Statements are arranged based on Historical Cost Accounting (HCA. By using this method, financial statements are arranged by using the price of transaction arise. As tool of measure or exchange in economy is used a monetary unit. Inflation is caused a monetary unit to be not stable. Financial statement is arranged based on Historical Cost Accounting not reflecting a change of purchasing power. Financial statement that reflect a change of purchasing power is General Price Level Accounting. This research uses case and field study by using purposive sampling. Analysis are using the number of dollar (NOD attribute and the command over good (COG attribute. NOD attribute is used to test that financial statements are interpretative and COG attribute is used to test that financial statements are relevance. The result of NOD attribute shows from 27 item, there are 92,59 percent is interpretative and the result of COG attribute, there are 74,07 percent is relevance. It means that financial statement is arranged by using General Price Level Accounting more interpretative and relevance than financial statement that arranged by using Historical Cost Accounting.

Performance of the New Turbine Mid-Level Critical Care Ventilators.

Science.gov (United States)

Delgado, Carlos; Romero, Jose E; Puig, Jaume; Izquierdo, Ana; Ferrando, Carlos; Belda, F Javier; Soro, Marina

2017-01-01

During recent years, ventilators using turbines as flow-generating systems have become increasingly more relevant. This bench study was designed to compare triggering and pressurization of 7 turbine mid-level ICU ventilators. We used a dual-chamber lung model to test 7 mid-level ICU ventilators in pressure support mode with levels of 10, 15, and 20 cm H 2 O with 2 PEEP levels of 5 cm H 2 O and the minimum level allowed by the ventilator. A ventilator was connected to the master chamber to simulate 2 different effort levels. Pressure drop, trigger delay time, time to minimum pressure, and pressure time products (PTP) during trigger and the first 300 and 500 ms were analyzed. In the trigger evaluation, the Savina had the highest delay time, whereas the C2, the V60, and the Trilogy had the lowest pressure drops and PTP values in both effort levels. In pressurization capacity assessment using ideal PTP300 and PTP500 percentages, the C2 and the V680 had the best results, and the Carina and the Savina had lower values, with no differences between both effort levels. Differences between PEEP levels did not seem to be relevant. Pressure support mode for tested ventilators worked properly, but pressurization capacity and trigger function performance were clearly superior in the newest machines. The use of PEEP did not modify the results. Copyright © 2017 by Daedalus Enterprises.

Measuring and managing the work environment of the mid-level provider – the neglected human resource

Directory of Open Access Journals (Sweden)

McAuliffe Eilish

2009-02-01

Full Text Available Abstract Background Much has been written in the past decade about the health workforce crisis that is crippling health service delivery in many middle-income and low-income countries. Countries having lost most of their highly qualified health care professionals to migration increasingly rely on mid-level providers as the mainstay for health services delivery. Mid-level providers are health workers who perform tasks conventionally associated with more highly trained and internationally mobile workers. Their training usually has lower entry requirements and is for shorter periods (usually two to four years. Our study aimed to explore a neglected but crucial aspect of human resources for health in Africa: the provision of a work environment that will promote motivation and performance of mid-level providers. This paper explores the work environment of mid-level providers in Malawi, and contributes to the validation of an instrument to measure the work environment of mid-level providers in low-income countries. Methods Three districts were purposively sampled from each of the three geographical regions in Malawi. A total of 34 health facilities from the three districts were included in the study. All staff in each of the facilities were included in the sampling frame. A total of 153 staff members consented to be interviewed. Participants completed measures of perceptions of work environment, burnout and job satisfaction. Findings The Healthcare Provider Work Index, derived through Principal Components Analysis and Rasch Analysis of our modification of an existing questionnaire, constituted four subscales, measuring: (1 levels of staffing and resources; (2 management support; (3 workplace relationships; and (4 control over practice. Multivariate analysis indicated that scores on the Work Index significantly predicted key variables concerning motivation and attrition such as emotional exhaustion, job satisfaction, satisfaction with the profession

Monetary Policy Rules, Supply Shocks, and the Price-Level Elasticity of Aggregate Demand: A Graphical Examination.

Science.gov (United States)

Kyer, Ben L.; Maggs, Gary E.

1995-01-01

Utilizes two-dimensional price and output graphs to demonstrate the way that the price-level elasticity of aggregate demand affects alternative monetary policy rules designed to cope with random aggregate supply shocks. Includes graphs illustrating price-level, real Gross Domestic Product (GDP), nominal GDP, and nominal money supply targeting.…

A School-Level Proxy Measure for Individual-level Poverty Using School-Level Eligibility for Free and Reduced-Price Meals

Science.gov (United States)

Day, Sophia E.; Hinterland, Kinjia; Myers, Christa; Gupta, Leena; Harris, Tiffany G.; Konty, Kevin J.

2016-01-01

Background: Socioeconomic status (SES) impacts health outcomes. The Youth Risk Behavior Survey (YRBS), like many school-based data sources, lacks individual-level poverty information. We propose using school-level percentages of student eligibility for free/reduced-price meals (%FRPM) as a proxy for individual-level poverty. Methods: Using the New…

Training-induced recovery of low-level vision followed by mid-level perceptual improvements in developmental object and face agnosia.

Science.gov (United States)

Lev, Maria; Gilaie-Dotan, Sharon; Gotthilf-Nezri, Dana; Yehezkel, Oren; Brooks, Joseph L; Perry, Anat; Bentin, Shlomo; Bonneh, Yoram; Polat, Uri

2015-01-01

Long-term deprivation of normal visual inputs can cause perceptual impairments at various levels of visual function, from basic visual acuity deficits, through mid-level deficits such as contour integration and motion coherence, to high-level face and object agnosia. Yet it is unclear whether training during adulthood, at a post-developmental stage of the adult visual system, can overcome such developmental impairments. Here, we visually trained LG, a developmental object and face agnosic individual. Prior to training, at the age of 20, LG's basic and mid-level visual functions such as visual acuity, crowding effects, and contour integration were underdeveloped relative to normal adult vision, corresponding to or poorer than those of 5-6 year olds (Gilaie-Dotan, Perry, Bonneh, Malach & Bentin, 2009). Intensive visual training, based on lateral interactions, was applied for a period of 9 months. LG's directly trained but also untrained visual functions such as visual acuity, crowding, binocular stereopsis and also mid-level contour integration improved significantly and reached near-age-level performance, with long-term (over 4 years) persistence. Moreover, mid-level functions that were tested post-training were found to be normal in LG. Some possible subtle improvement was observed in LG's higher-order visual functions such as object recognition and part integration, while LG's face perception skills have not improved thus far. These results suggest that corrective training at a post-developmental stage, even in the adult visual system, can prove effective, and its enduring effects are the basis for a revival of a developmental cascade that can lead to reduced perceptual impairments. © 2014 The Authors. Developmental Science Published by John Wiley & Sons Ltd.

price list 2015.pdf | Subscription | Journals | Resources | public ...

Indian Academy of Sciences (India)

Home; public; Resources; Journals; Subscription; price list 2015.pdf. 404! error. The page your are looking for can not be found! Please check the link or use the navigation bar at the top. YouTube; Twitter; Facebook; Blog. Academy News. IAS Logo. 29th Mid-year meeting. Posted on 19 January 2018. The 29th Mid-year ...

Pricing decision research for TPL considering different logistics service level influencing the market demand

Directory of Open Access Journals (Sweden)

Wei Li

2013-03-01

Full Text Available Purpose: With the rapid development of economy and the support of government policy, the development of the logistics industry has become a new economic growth engine. As we all know, the reasonable price of logistics service is the most critical factor for logistics enterprises to win market share and make profit. At the same time, the service level is one of the most important factors which will influence the size of the market share. Therefore, this paper constructs a pricing model considering a situation that the logistics service level affects the market demand. This model helps the enterprises to make scientific decisions.Methodology: To achieve this objective, this paper constructs the TPL service and the pricing decision models based on the game theory.Findings: The conclusion shows that under the situation of independent decision-making, the enterprise which has strong ability of logistics service does not necessarily have a competitive advantage, while pricing equilibrium under the situation of joint decision-making, not only make both sides get more income, but also be conducive to improve the level of service.Research limitations: In this research, there are some assumptions that might affect the accuracy the model such as there are only two TPL enterprises to participate in, and considerations are taken under the condition of complete information environment. These assumptions can be relaxed in the future work.Originality: In this research, logistics service level is taken account into the areas of logistics service pricing, which makes the models more practical and more perfect. And this paper constructs game models based on game theory to make up the limitations of traditional pricing theories in logistics service pricing.

Evaluation of mid-level management training in immunisation in the ...

African Journals Online (AJOL)

Objective: The Mid-Level Management (MLM) training course provides managers of immunisation programmes with new, advanced skills in planning, management, monitoring and evaluation. An evaluation was conducted of the MLM training courses held between 2000 and 2004 in the African Region, in order to assess its ...

Vertical crustal movements in Southern California, 1974 to 1978

Science.gov (United States)

Burford, R.O.; Gilmore, Thomas D.

1984-01-01

An extensive resurvey of most of the first-order leveling network in southern California, known as the Southern California Releveling Program (SCRP), was carried out during the first 5 months of 1978. The primary scientific purpose of these measurements was to rapidly update the vertical control record throughout a recently uplifted region of southern California in order to more thoroughly document the vertical component of tectonic movement and to provide a reliable base for comparison with future levelings. Analyses of historic first-order leveling results have clearly demonstrated that a broad crustal upwarping, largely contained within a region consisting of the Transverse Ranges province and an area along the intervening section of the San Andreas fault system, had developed between about 1959 and 1974. Unfortunately, there is strong evidence that parts of the 1978 SCRP data are contaminated by the effects of intrasurvey tectonic deformation, limited surficial failures, and, less certainly, magnetically induced systematic error associated with the use of automatic levels. However, any distortions in leveling results caused by these or other factors are not so serious as to render the SCRP data useless. In fact, the bulk of these data can be accepted at face value, and most of the remaining data can be incorporated with some caution to augment the more reliable parts of the network. The evaluation of the 1978 leveling is based on a combination of circuit-misclosures, local timing of the field observations, analysis of profiles of apparent height changes derived from comparisons with previous levelings, and an analysis of the position and orientation of the various routes in relation to the regional structural grain and the gradients of differential vertical motion established by previous investigations. Comparisons of the 1978 SCRP results with the latest of the previous surveys along each route retained in the analysis show that all but about one-third of the

1978 Business report

International Nuclear Information System (INIS)

1979-01-01

I. Agenda of the regular meeting of the society on August 12, 1979, II Report of the management 1. General, 2. Agreements and partnership, 3. Staff, 4. Costs and financing, 5. Progress in building and situation of schedules, 6. Licensing procedure, 7. Closing of the fuel cycle, 8. Explanations for annual account for 1978. III Balance for the 31st of December, 1978, Profit- and loss-account for the period between the 1st of January and the 31st of December, 1978, IV Accountant's certificate. (orig.) [de

Prospective Relationships Between Physical Activity and Optimism in Young and Mid-aged Women.

Science.gov (United States)

Pavey, Toby G; Burton, Nicola W; Brown, Wendy J

2015-07-01

There is growing evidence that regular physical activity (PA) reduces the risk of poor mental health. Less research has focused on the relationship between PA and positive wellbeing. The study aims were to assess the prospective associations between PA and optimism, in both young and mid-aged women. 9688 young women (born 1973-1978) completed self-report surveys in 2000 (age 22 to 27), 2003, 2006, and 2009; and 11,226 mid-aged women (born 1946-1951) completed surveys in 2001 (age 50-55) 2004, 2007, and 2010, as part of the Australian Longitudinal Study on Women's Health. Generalized estimating equation models (with 3-year time lag) were used to examine the relationship between PA and optimism in both cohorts. In both cohorts, women reporting higher levels of PA had greater odds of reporting higher optimism over the 9-year period, (young, OR = 5.04, 95% CI: 3.85-6.59; mid-age, OR = 5.77, 95% CI: 4.76-7.00) than women who reported no PA. Odds were attenuated in adjusted models, with depression accounting for a large amount of this attenuation (young, OR = 2.00, 95% CI: 1.57-2.55; mid-age, OR = 1.64 95% CI: 1.38-1.94). Physical activity can promote optimism in young and mid-aged women over time, even after accounting for the negative effects of other psychosocial indicators such as depression.

Pricing Policy and the College Choice Process. AIR Forum Paper 1978.

Science.gov (United States)

Chapman, Randall G.

A presentation of a conceptual framework for viewing the admissions management process in higher education institutions and a discussion of the pricing policy process, particularly of private colleges and universities, precedes an examination of the stochastic utility model, a statistical model of the college choice process. Using student choice…

The Impact of oil Price on the Nigerian Economy | Arinze | Journal of ...

African Journals Online (AJOL)

This study contends that upward adjustments of petroleum productsprices have resulted in inflation, high cost of living, and inequitable distribution of income in Nigeria. Between 1978 and 2007, the various Nigerian regimes increased fuel prices a total of 18 times. Most of the increase occurred in the 1990-2007 period ...

Uranium market activity

International Nuclear Information System (INIS)

Combs, G.F. Jr.; Patterson, J.A.

1978-01-01

Net additional uranium procurement over the past year and a half has been very low. While 1977 procurement from domestic sources was low in a historical sense, there was a net reduction during the first half of 1978. New sales commitments by domestic producers to foreign buyers exceeded new purchase commitments by domestic buyers from foreign sources in 1976 and 1977, and available data indicate this difference is widening in 1978. The net reduction in and rescheduling of 1978 to 1985 delivery commitments from domestic producers is understandable in light of changing demands. Supply seems more than adequate to meet demand through 1985, though it will depend on utility inventory policy, imports--exports, and expansion of domestic supply. Producer material for sale and planned expenditures indicate aggressive expansion plans. Average contract prices and base prices in market price contracts increased slightly from January to July 1978. Average base prices are about 2 to 2 1/2 times the average contract prices. The average price settlement of market price contracts for 1978 delivery as of July declined from the level reported in January. Average market price settlements for 1979 delivery show an increase of 2% over those for 1978

Factors causing fluctuations in all milk price received by U.S. farmers

NARCIS (Netherlands)

Cropp, B.; Zijlstra, J.

2007-01-01

Milk prices received by U.S. dairy farmers have fluctuated considerably from one year to the next, particularly since the mid-1990s. The main factor for increased price fluctuation is a major change in U.S. dairy price support policy. This document will be part of the research report of the project

The impact of oil prices on the banking system in the Gulf Cooperation Council

Directory of Open Access Journals (Sweden)

Padamja Khandelwal

2017-06-01

Full Text Available This paper examines the links between global oil price movements and macroeconomic and financial developments in the Gulf Cooperation Council (GCC. The GCC economies can be adversely affected by low oil prices due to their high dependence on oil and gas exports and macro-financial linkages which can amplify the effects of oil price movements over the financial cycle. Historically, systemic financial sector risks rose in the GCC countries with the oil price upswing in the years before the global financial crisis. Against this background, a range of multivariate panel approaches, including a panel vector autoregression approach, were applied to macroeconomic and bank-level data covering the six GCC economies and span 1999–2014. The paper finds strong empirical evidence of feedback loops between oil price movements, bank balance sheets, and asset prices. Empirical evidence also suggests that bank capital and provisioning have behaved countercyclically through the cycle. That is, these ratios increase during good times. This has helped strengthen the resilience of the financial system to the oil price decline since mid-2014.

The harm principle as a mid-level principle?: three problems from the context of infectious disease control.

Science.gov (United States)

Krom, André

2011-10-01

Effective infectious disease control may require states to restrict the liberty of individuals. Since preventing harm to others is almost universally accepted as a legitimate (prima facie) reason for restricting the liberty of individuals, it seems plausible to employ a mid-level harm principle in infectious disease control. Moral practices like infectious disease control support - or even require - a certain level of theory-modesty. However, employing a mid-level harm principle in infectious disease control faces at least three problems. First, it is unclear what we gain by attaining convergence on a specific formulation of the harm principle. Likely candidates for convergence, a harm principle aimed at preventing harmful conduct, supplemented by considerations of effectiveness and always choosing the least intrusive means still leave ample room for normative disagreement. Second, while mid-level principles are sometimes put forward in response to the problem of normative theories attaching different weight to moral principles, employing a mid-level harm principle completely leaves open how to determine what weight to attach to it in application. Third, there appears to be a trade-off between attaining convergence and finding a formulation of the harm principle that can justify liberty-restrictions in all situations of contagion, including interventions that are commonly allowed. These are not reasons to abandon mid-level theorizing altogether. But there is no reason to be too theory-modest in applied ethics. Morally justifying e.g. if a liberty-restriction in infectious disease control is proportional to the aim of harm-prevention, promptly requires moving beyond the mid-level harm principle. © 2011 Blackwell Publishing Ltd.

The Impact of Capital Gains Taxes on Stock Price Reactions to S&P 500 Inclusion

OpenAIRE

Jennifer L. Blouin; Jana Smith Raedy; Douglas A. Shackelford

2000-01-01

This paper contributes to our understanding of the determinants of price responses to inclusion in the S&P 500 by providing evidence consistent with capital gains tax planning impacting stock reactions. Tests are conducted on 426 additions from 1978-1999. We regress the returns on the first trading day following announcement on a capital gains tax measure and controls. The evidence is consistent with the share prices of appreciated firms being temporarily bid up to compensate individual share...

Division of Waste Management programs. Progress report, July-December 1978

International Nuclear Information System (INIS)

Lerch, R.E.; Allen, C.R.; Richardson, G.L.

1979-07-01

This is the eleventh progress report on Division of Waste Management programs. The report describes progress in the second half of 1978 on the following programs: intermediate-level waste solidification, chemical processing of combustible solid waste, and application of acid digestion to commercial wastes. The latter two programs were combined in October 1978 into a single program, acid digestion of combustible wastes

The entry of Colombian-sourced heroin into the US market: the relationship between competition, price, and purity.

Science.gov (United States)

Rosenblum, Daniel; Unick, George Jay; Ciccarone, Daniel

2014-01-01

There have been large structural changes in the US heroin market over the past 20 years. Colombian-sourced heroin entered the market in the mid-1990s, followed by a large fall in the price per pure gram and the exit of Asian heroin. By the 2000s, Colombian-sourced heroin had become a monopoly on the east coast and Mexican-sourced heroin a monopoly on the west coast with competition between the two in the middle. We estimate the relationship between these changes in competitive market structure on retail-level heroin price and purity. We find that the entry of Colombian-sourced heroin is associated with less competition and a lower price per pure gram of heroin at the national level. However, there is wide variation in changes in market concentration across the US. Controlling for the national fall in the heroin price, more competition in a region or city is associated with a lower price per pure gram. Copyright © 2013 Elsevier B.V. All rights reserved.

Ubiquity and impact of thin mid-level clouds in the tropics.

Science.gov (United States)

Bourgeois, Quentin; Ekman, Annica M L; Igel, Matthew R; Krejci, Radovan

2016-08-17

Clouds are crucial for Earth's climate and radiation budget. Great attention has been paid to low, high and vertically thick tropospheric clouds such as stratus, cirrus and deep convective clouds. However, much less is known about tropospheric mid-level clouds as these clouds are challenging to observe in situ and difficult to detect by remote sensing techniques. Here we use Cloud-Aerosol Lidar with Orthogonal Polarization (CALIOP) satellite observations to show that thin mid-level clouds (TMLCs) are ubiquitous in the tropics. Supported by high-resolution regional model simulations, we find that TMLCs are formed by detrainment from convective clouds near the zero-degree isotherm. Calculations using a radiative transfer model indicate that tropical TMLCs have a cooling effect on climate that could be as large in magnitude as the warming effect of cirrus. We conclude that more effort has to be made to understand TMLCs, as their influence on cloud feedbacks, heat and moisture transport, and climate sensitivity could be substantial.

Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

Directory of Open Access Journals (Sweden)

Toon Vandyck

2018-04-01

Full Text Available From a price range between 100 and 120 USD (U.S. dollars per barrel in 2011–2014, the crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January 2016. Here we assess the economic consequences of this strong decrease in the oil price. A retrospective analysis based on data of the past 25 years sheds light on the vulnerability of oil-producing regions to the oil price volatility. Gross domestic product (GDP and government revenues in many Gulf countries exhibit a strong dependence on oil, while more diversified economies improve resilience to oil price shocks. The lack of a sovereign wealth fund, in combination with limited oil reserves, makes parts of Sub-Saharan Africa particularly vulnerable to sustained periods of low oil prices. Next, we estimate the macroeconomic impacts of a 60% oil price drop for all regions in the world. A numerical simulation yields a global GDP increase of roughly 1% and illustrates how the regional impact on GDP relates to oil export dependence. Finally, we reflect on the broader implications (such as migration flows of macroeconomic responses to oil prices and look ahead to the challenge of structural change in a world committed to limiting global warming.

Solar-geophysical data number 410, October 1978, Part I (Prompt reports). Data for September 1978, August 1978

International Nuclear Information System (INIS)

Coffey, H.E.

1978-10-01

This prompt report provides data for September 1978 on alert period, daily solar indices, solar flares, solar radio waves, solar x-ray radiation, coronal holes, solar wind measurements, inferred IP magnetic field polarities, mean solar magnetic field and Boulder geomagnetic substorm log. It also provides data for August 1978 on daily solar activity center, sudden ionospheric disturbances, solar x-ray radiation, solar radio waves, cosmic rays, geomagnetic indices and radio propagation indices

Risk Based Milk Pricing Model at Dairy Farmers Level

Directory of Open Access Journals (Sweden)

W. Septiani

2017-12-01

Full Text Available The milk price from a cooperative institution to farmer does not fully cover the production cost. Though, dairy farmers encounter various risks and uncertainties in conducting their business. The highest risk in milk supply lies in the activities at the farm. This study was designed to formulate a model for calculating milk price at farmer’s level based on risk. Risks that occur on farms include the risk of cow breeding, sanitation, health care, cattle feed management, milking and milk sales. This research used the location of the farm in West Java region. There were five main stages in the preparation of this model, (1 identification and analysis of influential factors, (2 development of a conceptual model, (3 structural analysis and the amount of production costs, (4 model calculation of production cost with risk factors, and (5 risk based milk pricing model. This research built a relationship between risks on smallholder dairy farms with the production costs to be incurred by the farmers. It was also obtained the formulation of risk adjustment factor calculation for the variable costs of production in dairy cattle farm. The difference in production costs with risk and the total production cost without risk was about 8% to 10%. It could be concluded that the basic price of milk proposed based on the research was around IDR 4,250-IDR 4,350/L for 3 to 4 cows ownership. Increasing farmer income was expected to be obtained by entering the value of this risk in the calculation of production costs. 

CSIR Annual report 1978

CSIR Research Space (South Africa)

CSIR

1978-01-01

Full Text Available stream_source_info Annual Report_1978.pdf.txt stream_content_type text/plain stream_size 78 Content-Encoding ISO-8859-1 stream_name Annual Report_1978.pdf.txt Content-Type text/plain; charset=ISO-8859-1 ...

Training-Induced Recovery of Low-Level Vision Followed by Mid-Level Perceptual Improvements in Developmental Object and Face Agnosia

Science.gov (United States)

Lev, Maria; Gilaie-Dotan, Sharon; Gotthilf-Nezri, Dana; Yehezkel, Oren; Brooks, Joseph L.; Perry, Anat; Bentin, Shlomo; Bonneh, Yoram; Polat, Uri

2015-01-01

Long-term deprivation of normal visual inputs can cause perceptual impairments at various levels of visual function, from basic visual acuity deficits, through mid-level deficits such as contour integration and motion coherence, to high-level face and object agnosia. Yet it is unclear whether training during adulthood, at a post-developmental…

Solar-geophysical data number 408, August 1978, Part I. (Prompt reports). Data for July 1978, June 1978

International Nuclear Information System (INIS)

Coffey, H.E.

1978-08-01

This prompt report provides data for July 1978 on: alert period, daily solar indices, solar flares, solar radio waves, solar x-ray radiation, coronal holes, solar wind measurements, inferred IP magnetic field polarities, mean solar magnetic field, spacecraft observations, Boulder geomagnetic substorm log, and energetic solar particles. It also provides data for June 1978 on: daily solar activity center, sudden ionospheric disturbances, solar x-ray radiation, solar radio waves, cosmic rays, geomagnetic indices, and radio propagation indices

The price level and monetary policy

Directory of Open Access Journals (Sweden)

Charles P. Kindleberger

2002-03-01

Full Text Available Most central banks are required to or choose to stabilize a price index, largely by manipulating short term interest rates. A serious problem is which index to choose among the national income deflator, wholesale prices, the cost of living, with or eliminating highly volatile commodities such as food and energy, to produce a core index, plus others such as housing, including or without imputed rent of owner-occupied houses, or assets, whether equities or houses. No obvious and widely agreed index exists. Even if there were a clear choice, there remains a question whether a central bank should carefully consider action in order to achieve other goals: full employment, adjustment of the balance of payments, of the exchange rate, prevention of bubbles in asset prices, or recovery from financial crises. If so, the question of central bank weapons remains: monetary expansion or contraction, credit controls, for overall or for particular purposes, and moral suasion.

Trigger performance of mid-level ICU mechanical ventilators during assisted ventilation: a bench study.

Science.gov (United States)

Ferreira, Juliana C; Chipman, Daniel W; Kacmarek, Robert M

2008-09-01

To compare the triggering performance of mid-level ICU mechanical ventilators with a standard ICU mechanical ventilator. Experimental bench study. The respiratory care laboratory of a university-affiliated teaching hospital. A computerized mechanical lung model, the IngMar ASL5000. Ten mid-level ICU ventilators were compared to an ICU ventilator at two levels of lung model effort, three combinations of respiratory mechanics (normal, COPD and ARDS) and two modes of ventilation, volume and pressure assist/control. A total of 12 conditions were compared. Performance varied widely among ventilators. Mean inspiratory trigger time was ventilators. The mean inspiratory delay time (time from initiation of the breath to return of airway pressure to baseline) was longer than that for the ICU ventilator for all tested ventilators except one. The pressure drop during triggering (Ptrig) was comparable with that of the ICU ventilator for only two ventilators. Expiratory Settling Time (time for pressure to return to baseline) had the greatest variability among ventilators. Triggering differences among these mid-level ICU ventilators and with the ICU ventilator were identified. Some of these ventilators had a much poorer triggering response with high inspiratory effort than the ICU ventilator. These ventilators do not perform as well as ICU ventilators in patients with high ventilatory demand.

Influence of trees on residential property values in Athens, Gerogia (U.S.A.): a survey based on actual sales prices

Science.gov (United States)

L.M. Anderson; H.K. Cordell

1988-01-01

survey of the sales of 844 single family residential properties in Athens, Georgia, U.S.A., indicated that landscaping with trees was associated with 3.5%-4.5% increase in sales prices. During the 1978-I 980 study period, the average house sold for about $38 100 (in I978 constant dollars) and had five trees in its front yard. The average sales price increase due to...

DEMAND FOR WILD BLUEBERRIES AT FARM AND PROCESSOR LEVELS

OpenAIRE

Cheng, Hsiang-Tai; Peavey, Stephanie R.; Kezis, Alan S.

2000-01-01

The wild blueberry crop harvested in Maine and eastern Canada has increased considerably in recent years. The purpose of this study is to understand the recent trends in demand for wild blueberries with particular attention to the effects of production and the marketing of wild and cultivated blueberries. A price response model was developed to analyze farm-gate price and the processor price, using annual data from 1978 through 1997. Key explanatory variables in the model include quantity of ...

ANALISIS TERHADAP PERLUNYA PENYESUAIAN LAPORAN KEUANGAN HISTORIS (CONVENTIONAL ACCOUNTING MENJADI BERDASARKAN TINGKAT HARGA UMUM (GENERAL PRICE LEVEL ACCOUNTING

Directory of Open Access Journals (Sweden)

Pwee Leng

2002-01-01

Full Text Available Generally, in conventional accounting, financial statements are based on the historical cost principle that assumes that prices (monetery unit are stable. Conventional accounting recognizes neither changes in the general price level nor changes in the specific price level. Consequently, if there are any changes in purchasing power such as in inflation period, the historical financial statement are not economically relevant and also income is usually overstated, and the fixed assets are usually understated. Actually, there are several methods on accounting for the effect of changing prices, such as constant accounting, current value accounting, and general price level accounting. General price level accounting will do restatement the components of financial statement to be a rupiah on a similar level of purchasing power, but without changes in accounting principles which using on conventional accounting. In practice, the controversy concerning the relevance of general price level accounting has been continuing. Pros and cons general price level accounting will be presented on this paper. Also the result of two researches concerning the influence of applied general price level accounting on the financial statement will be compared as considerations whether the general price level adjustment is necessary needed. Abstract in Bahasa Indonesia : Secara umum, dalam akuntansi konvensional, laporan keuangan disajikan berdasarkan nilai historis yang mengasumsikan bahwa harga-harga (unit moneter adalah stabil. Akuntansi konvensional tidak mengakui adanya perubahan tingkat harga umum maupun perubahan tingkat harga khusus. Sebagai konsekuensinya, jika terjadi perubahan daya beli seperti pada periode inflasi, maka laporan keuangan historis secara ekonomis tidaklah relevan. Pada periode ini pendapatan umumnya dinilai lebih tinggi sedangkan aktiva tetap dinilai lebih rendah. Sebenarnya, terdapat beberapa metode akuntansi mengenai pengaruh perubahan harga

Solar--geophysical data number 406, June 1978, Part I. (prompt reports). Data for May 1978, April 1978

International Nuclear Information System (INIS)

Coffey, H.E.

1978-06-01

This prompt report provides data for May 1978 on: alert period, daily solar indices, solar flares, solar radio waves, solar x-ray radiation, coronal holes, inferred IP Magnetic field polarities, mean solar magnetic field, solar wind measurements, geomagnetic substorms, magnetograms of geomagnetic storm 30 April - 4 May, and energetic solar particles. It also provides data for April 1978 on: daily solar activity center, sudden ionospheric disturbances, solar x-ray radiation, solar radio waves, cosmic rays, geomagnetic indices, and radio propagation

RA reactor Action plan for 1978 - Annex VI; Prilog VI - Plan rada reaktora RA za 1978. godinu

Energy Technology Data Exchange (ETDEWEB)

NONE

1977-12-15

This annex include a detailed monthly action plan of the RA reactor for 1978. It was planned that the reactor will operate at nominal and lower power levels for 158 days. The plan is made with the aim to achieve same annual neutron flux as in 1977, which is somewhat higher then the annual production in the period from 1968-1975. [Serbo-Croat] Ovaj prilog sadrzi detaljan plan rada reaktora RA za 1978. godinu. Planirano je da reaktor radi na nominalnoj snazi of 6,5 MW i na manjim snagama ukupno 158 dana. Plan je napravljen tako da se ostvari godisnja proizvodnja neutronskog fluksa u obimu koji je relaizovan 1977. godine sto je nesto vise od godisnje proizvodnje u periodu 1968-1975.

Reconstructing Mid- to Late Holocene Sea-Level Change from Coral Microatolls, French Polynesia

Science.gov (United States)

Hallmann, N.; Camoin, G.; Eisenhauer, A.; Vella, C.; Samankassou, E.; Botella, A.; Milne, G. A.; Pothin, V.; Dussouillez, P.; Fleury, J.

2017-12-01

Coral microatolls are sensitive low-tide recorders, as their vertical accretion is limited by the mean low water springs level, and can be considered therefore as high-precision recorders of sea-level change. They are of pivotal importance to resolving the rates and amplitudes of millennial-to-century scale changes during periods of relative climate stability such as the Mid- to Late Holocene, which serves as an important baseline of natural variability prior to the Anthropocene. It provides therefore a unique opportunity to study coastal response to sea-level rise, even if the rates of sea-level rise during the Mid- to Late Holocene were lower than the current rates and those expected in the near future. Mid- to Late Holocene relative sea-level changes in French Polynesia encompassing the last 6,000 years were reconstructed based on the coupling between absolute U/Th dating of in situ coral microatolls and their precise positioning via GPS RTK (Real Time Kinematic) measurements. The twelve studied islands represent ideal settings for accurate sea-level studies because: 1) they can be regarded as tectonically stable during the relevant period (slow subsidence), 2) they are located far from former ice sheets (far-field), 3) they are characterized by a low tidal amplitude, and 4) they cover a wide range of latitudes which produces significantly improved constraints on GIA (Glacial Isostatic Adjustment) model parameters. A sea-level rise of less than 1 m is recorded between 6 and 3-3.5 ka, and is followed by a gradual fall in sea level that started around 2.5 ka and persisted until the past few centuries. In addition, growth pattern analysis of coral microatolls allows the reconstruction of low-amplitude, high-frequency sea-level change on centennial to sub-decadal time scales. The reconstructed sea-level curve extends the Tahiti last deglacial sea-level curve [Deschamps et al., 2012, Nature, 483, 559-564], and is in good agreement with a geophysical model tuned to

The impact of energy prices on industrial energy efficiency and productivity

International Nuclear Information System (INIS)

Boyd, G.A.

1993-01-01

Energy prices moved into the forefront of concern in the mid and late seventies when two oil price shocks drove up energy prices dramatically. The analysis of the subsequent increase in industrial energy efficiency, i.e., decline in energy use per unit of industrial output, has filled volumes of government and private studies. Despite the volumes of analysis, there remains no consensus on the magnitude of the effect of energy prices on industrial energy efficiency or the effect of the change in energy prices on productivity. This paper examines some sources of the controversy to initiate a dialog between policy makers, analysts, and the energy consumers and producers

Granger Causalities Between Interest Rate, Price Level, Money Supply and Real Gdp in the Czech Republic

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Tomáš Urbanovský

2017-01-01

Full Text Available The main aim of this paper is to investigate relationships between selected macroeconomic variables – interest rate, price level, money supply and real GDP – in the Czech Republic in order to find out definite implications of its interactions and give recommendations to macroeconomic policy authorities. Two implemented vector autoregression models with different lag length reached slightly different conclusions. VAR(1 suggests that three pairs of Granger causality exist, in particular between price level and interest rate, between real GDP and interest rate and between real GDP and price level. VAR(2 uncovered two more pairs of Granger causality between money supply and interest rate and between money supply and price level. Despite better prediction power of VAR(2 in case of money supply, low correlation coefficient comprising variable money supply raises doubts about the factual existence of causality between money supply and other variables. However, both models allow forecasting the direction of change in case of variables interest rate and real GDP with the same success rate nearly 82 %. Both VARs also agreed that interest rate could be changed by change of price level and that interest rate could be changed by change of real GDP. These conclusions represent potential recommendations to macroeconomic policy authorities. For the purpose of further research, exchange rate variable will be included in the model instead of interest rate, because effect of interest rate turned out to be limited in times of weakened state of Czech economy.

A Note on Aggregate Price-Level Elasticity and Supply-Side Shocks.

Science.gov (United States)

Findlay, David W.

1995-01-01

Investigates factors that influence the short-run and long-run effects of supply-side shocks on aggregate income and tax revenues. Concludes that the long-run relationship between tax revenues and the tax rate is completely independent of price-level elasticity. (CFR)

Stochastic factor model for electricity spot price-the case of the Nordic market

International Nuclear Information System (INIS)

Vehvilaeinen, Iivo; Pyykkoenen, Tuomas

2005-01-01

This paper presents a stochastic factor based approach to mid-term modeling of spot prices in deregulated electricity markets. The fundamentals affecting the spot price are modeled independently and a market equilibrium model combines them to form spot price. Main advantage of the model is the transparency of the generated prices because each underlying factor and the dynamics between factors can be modeled and studied in detail. Paper shows realistic numerical examples on the forerunner Scandinavian electricity market. The model is used to price an exotic electricity derivative

Stochastic factor model for electricity spot price - the case of the Nordic market

International Nuclear Information System (INIS)

Vehvilainen, I.; Pyykkoenen, T.

2005-01-01

This paper presents a stochastic factor based approach to mid-term modeling of spot prices in deregulated electricity markets. The fundamentals affecting the spot price are modeled independently and a market equilibrium model combines them to form spot price. Main advantage of the model is the transparency of the generated prices because each underlying factor and the dynamics between factors can be modeled and studied in detail. Paper shows realistic numerical examples on the forerunner Scandinavian electricity market. The model is used to price an exotic electricity derivative. (author)

ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

Directory of Open Access Journals (Sweden)

TÜNDE VERES

2011-01-01

Full Text Available The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from management accounting aspects to show out the role of the accounting system in the short term and long term pricing and transfer pricing decisions.

Impact of European pharmaceutical price regulation on generic price competition: a review.

Science.gov (United States)

Puig-Junoy, Jaume

2010-01-01

Although economic theory indicates that it should not be necessary to intervene in the generic drug market through price regulation, most EU countries intervene in this market, both by regulating the maximum sale price of generics (price cap) and by setting the maximum reimbursement rate, especially by means of reference pricing systems. We analyse current knowledge of the impact of direct price-cap regulation of generic drugs and the implementation of systems regulating the reimbursement rate, particularly through reference pricing and similar tools, on dynamic price competition between generic competitors in Europe. A literature search was carried out in the EconLit and PubMed databases, and on Google Scholar. The search included papers published in English or Spanish between January 2000 and July 2009. Inclusion criteria included that studies had to present empirical results of a quantitative nature for EU countries of the impact of price capping and/or regulation of the reimbursement rate (reference pricing or similar systems) on price dynamics, corresponding to pharmacy sales, in the generic drug market. The available evidence indicates that price-cap regulation leads to a levelling off of generic prices at a higher level than would occur in the absence of this regulation. Reference pricing systems cause an obvious and almost compulsory reduction in the consumer price of all pharmaceuticals subject to this system, to a varying degree in different countries and periods, the reduction being greater for originator-branded drugs than for generics. In several countries with a reference pricing system, it was observed that generics with a consumer price lower than the reference price do not undergo price reductions until the reference price is reduced, even when there are other lower-priced generics on the market (absence of price competition below the reference price). Beyond the price reduction forced by the price-cap and/or reference pricing regulation itself

21 CFR 582.1978 - Carnauba wax.

Science.gov (United States)

2010-04-01

... 21 Food and Drugs 6 2010-04-01 2010-04-01 false Carnauba wax. 582.1978 Section 582.1978 Food and Drugs FOOD AND DRUG ADMINISTRATION, DEPARTMENT OF HEALTH AND HUMAN SERVICES (CONTINUED) ANIMAL DRUGS....1978 Carnauba wax. (a) Product. Carnauba wax. (b) Conditions of use. This substance is generally...

Food prices and consumer demand: differences across income levels and ethnic groups.

Directory of Open Access Journals (Sweden)

Cliona Ni Mhurchu

Full Text Available BACKGROUND: Targeted food pricing policies may improve population diets. To assess their effects on inequalities, it is important to determine responsiveness to price changes across income levels and ethnic groups. OBJECTIVE: Our goal was to estimate price elasticity (PE values for major commonly consumed food groups in New Zealand, by income and ethnicity. PE values represent percentage change in demand associated with 1% change in price of that good (own-PE or another good (cross-PE. DESIGN: We used food expenditure data from national household economic surveys in 2007/08 and 2009/10 and Food Price Index data from 2007 and 2010. Adopting an Almost Ideal Demand System approach, own-PE and cross-PE estimates were derived for 24 food categories, household income quintiles, and two ethnic groups (Māori and non-Māori. RESULTS: Own-PE estimates (with two exceptions ranged from -0.44 to -1.78. Cross-PE estimates were generally small; only 31% of absolute values were greater than 0.10. Excluding the outlier 'energy drinks', nine of 23 food groups had significantly stronger own-PEs for the lowest versus highest income quintiles (average regression-based difference across food groups -0.30 (95% CI -0.62 to 0.02. Six own-PEs were significantly stronger among Māori; the average difference for Māori: non-Māori across food groups was -0.26 (95% CI -0.52 to 0.00. CONCLUSIONS: Food pricing policies have potential to improve population diets. The greater sensitivity of low-income households and Māori to price changes suggests the beneficial effects of such policies on health would be greatest for these groups.

Impacts of government subsidies on pricing and performance level choice in Energy Performance Contracting: A two-step optimal decision model

International Nuclear Information System (INIS)

Lu, Zhijian; Shao, Shuai

2016-01-01

Highlights: • An ESCO optimal decision model considering governmental subsidies is proposed. • Optimal price and performance level are deduced via a two-stage model. • Demand, profit, and performance level increase with increasing subsidies. • ESCO’s market strategy should firstly focus on high energy consumption industries. • Governmental subsidies standard in different industries should be differentiated. - Abstract: Government subsidies generally play a crucial role in pricing and the choice of performance levels in Energy Performance Contracting (EPC). However, the existing studies pay little attention to how the Energy Service Company (ESCO) prices and chooses performance levels for EPC with government subsidies. To fill such a gap, we propose a joint optimal decision model of pricing and performance level in EPC considering government subsidies. The optimization of the model is achieved via a two-stage process. At the first stage, given a performance level, ESCOs choose the best price; and at the second stage, ESCOs choose the optimal performance level for the optimal price. Furthermore, we carry out a numerical analysis to illuminate such an optimal decision mechanism. The results show that both price sensitivity and performance level sensitivity have significant effects on the choice of performance levels with government subsidies. Government subsidies can induce higher performance levels of EPC, the demand for EPC, and the profit of ESCO. We suggest that ESCO’s market strategy should firstly focus on high energy consumption industries with government subsidies and that government subsidies standard adopted in different industries should be differentiated according to the market characteristics and energy efficiency levels of various industries.

Price control and macromarketing

Directory of Open Access Journals (Sweden)

Kancir Rade

2003-01-01

Full Text Available Price control at macro level is part of integral macro marketing strategic control system, or more precisely, part of social marketing mix control. Price impact is direct, if it is regarded in the context of needs satisfaction, and indirect, within the context of resource allocation. These two patterns of price impact define control mechanism structuring. Price control in sense of its direct impact at process of need satisfaction should comprise qualitative and quantitative level of needs satisfaction at a given price level and its structure, informational dimension of price and different disputable forms of corporate pricing policies. Control of price allocation function is based at objectives of macro marketing system management in the area of resource allocation and the role of price as allocator in contemporary market economies. Control process is founded, on one hand, at theoretical models of correlation between price and demand in different market structures, and on the other hand, at complex limits that price as allocator has, and which make whole control process even more complex because of reduction of the degree of determinism in functioning of contemporary economic systems. Control of price allocation function must be continuous and dynamic process if it is to provide for convergence with environmental changes and if it is to provide for placing control systems at micro marketing levels in the function of socially valid objectives.

Best Practices for New Product Pricing: Impact on Market Performance and Price Level under Different Conditions

NARCIS (Netherlands)

Ingenbleek, P.T.M.; Frambach, R.T.; Verhallen, T.M.M.

2013-01-01

To date, research on new product pricing has predominantly been approached as a choice between market skimming and penetration pricing. Despite calls for research that addresses other complexities in new product pricing, empirical research responding to these calls remains scarce. This paper

A two-level discount model for coordinating a decentralized supply chain considering stochastic price-sensitive demand

Science.gov (United States)

Heydari, Jafar; Norouzinasab, Yousef

2015-12-01

In this paper, a discount model is proposed to coordinate pricing and ordering decisions in a two-echelon supply chain (SC). Demand is stochastic and price sensitive while lead times are fixed. Decentralized decision making where downstream decides on selling price and order size is investigated. Then, joint pricing and ordering decisions are extracted where both members act as a single entity aim to maximize whole SC profit. Finally, a coordination mechanism based on quantity discount is proposed to coordinate both pricing and ordering decisions simultaneously. The proposed two-level discount policy can be characterized from two aspects: (1) marketing viewpoint: a retail price discount to increase the demand, and (2) operations management viewpoint: a wholesale price discount to induce the retailer to adjust its order quantity and selling price jointly. Results of numerical experiments demonstrate that the proposed policy is suitable to coordinate SC and improve the profitability of SC as well as all SC members in comparison with decentralized decision making.

21 CFR 184.1978 - Carnauba wax.

Science.gov (United States)

2010-04-01

... 21 Food and Drugs 3 2010-04-01 2009-04-01 true Carnauba wax. 184.1978 Section 184.1978 Food and... Substances Affirmed as GRAS § 184.1978 Carnauba wax. (a) Carnauba wax (CAS Reg. No. 008-015-869) is obtained from the leaves and buds of the Brazilian wax palm Copernicia cerifera Martius. The wax is hard...

Estimating the Price Elasticity of Demand for Different Levels of Alcohol Consumption among Young Adults

OpenAIRE

Vinish Shrestha

2015-01-01

Understanding the effect of higher alcohol prices on alcohol demand according to one’s level of alcohol consumption is crucial while evaluating the effectiveness of using alcohol taxes as an alcohol-control medium. In this study, I estimate the differential responses to alcohol prices on alcohol demand for young adults by asking whether heavy drinkers are more responsive to higher alcohol prices than light and moderate drinkers. To conduct the analysis, I use the data from the National Long...

Studi Banding Penyusunan Laporan Keuangan Dengan Metode Historical Cost Accounting Dan General Price Level Accounting Pada Masa Inflasi

OpenAIRE

Kodrat, David Sukardi

2006-01-01

Generally, Financial Statements are based on Historical Cost Accounting (HCA) that assumes that prices are stable. Actually, there are several methods on accounting for the effect of changing prices, such as Current Cost Accounting (Replacement Cost Accounting) and Constant Dollar Accounting or General Price Level Accounting (GPLA)). GPLA will do restatement the components of financial statement to be a rupiah on a similar level of purchasing power, but without changes in accounting principle...

STUDI BANDING PENYUSUNAN LAPORAN KEUANGAN DENGAN METODE HISTORICAL COST ACCOUNTING DAN GENERAL PRICE LEVEL ACCOUNTING PADA MASA INFLASI

OpenAIRE

David Sukardi Kodrat

2006-01-01

Generally, Financial Statements are based on Historical Cost Accounting (HCA) that assumes that prices are stable. Actually, there are several methods on accounting for the effect of changing prices, such as Current Cost Accounting (Replacement Cost Accounting) and Constant Dollar Accounting or General Price Level Accounting (GPLA)). GPLA will do restatement the components of financial statement to be a rupiah on a similar level of purchasing power, but without changes in accounting principle...

Industrial Pricing: Theory and Managerial Practice

OpenAIRE

Peter M. Noble; Thomas S. Gruca

1999-01-01

We organize the existing theoretical pricing research into a new two-level framework for industrial goods pricing. The first level consists of four pricing situations: New Product, Competitive, Product Line, and Cost-based. The second level consists of the pricing strategies appropriate for a given situation. For example, within the new product pricing situation, there are three alternative pricing strategies: Skim, Penetration, and Experience Curve pricing. There are a total of ten pricing s...

Are Alcohol Taxation and Pricing Policies Regressive? Product-Level Effects of a Specific Tax and a Minimum Unit Price for Alcohol.

Science.gov (United States)

Vandenberg, Brian; Sharma, Anurag

2016-07-01

To compare estimated effects of two policy alternatives, (i) a minimum unit price (MUP) for alcohol and (ii) specific (per-unit) taxation, upon current product prices, per capita spending (A$), and per capita consumption by income quintile, consumption quintile and product type. Estimation of baseline spending and consumption, and modelling policy-to-price and price-to-consumption effects of policy changes using scanner data from a panel of demographically representative Australian households that includes product-level details of their off-trade alcohol spending (n = 885; total observations = 12,505). Robustness checks include alternative price elasticities, tax rates, minimum price thresholds and tax pass-through rates. Current alcohol taxes and alternative taxation and pricing policies are not highly regressive. Any regressive effects are small and concentrated among heavy consumers. The lowest-income consumers currently spend a larger proportion of income (2.3%) on alcohol taxes than the highest-income consumers (0.3%), but the mean amount is small in magnitude [A$5.50 per week (95%CI: 5.18-5.88)]. Both a MUP and specific taxation will have some regressive effects, but the effects are limited, as they are greatest for the heaviest consumers, irrespective of income. Among the policy alternatives, a MUP is more effective in reducing consumption than specific taxation, especially for consumers in the lowest-income quintile: an estimated mean per capita reduction of 11.9 standard drinks per week (95%CI: 11.3-12.6). Policies that increase the cost of the cheapest alcohol can be effective in reducing alcohol consumption, without having highly regressive effects. © The Author 2015. Medical Council on Alcohol and Oxford University Press. All rights reserved.

Food Prices and Consumer Demand: Differences across Income Levels and Ethnic Groups

Science.gov (United States)

Ni Mhurchu, Cliona; Eyles, Helen; Schilling, Chris; Yang, Qing; Kaye-Blake, William; Genç, Murat; Blakely, Tony

2013-01-01

Background Targeted food pricing policies may improve population diets. To assess their effects on inequalities, it is important to determine responsiveness to price changes across income levels and ethnic groups. Objective Our goal was to estimate price elasticity (PE) values for major commonly consumed food groups in New Zealand, by income and ethnicity. PE values represent percentage change in demand associated with 1% change in price of that good (own-PE) or another good (cross-PE). Design We used food expenditure data from national household economic surveys in 2007/08 and 2009/10 and Food Price Index data from 2007 and 2010. Adopting an Almost Ideal Demand System approach, own-PE and cross-PE estimates were derived for 24 food categories, household income quintiles, and two ethnic groups (Māori and non-Māori). Results Own-PE estimates (with two exceptions) ranged from −0.44 to −1.78. Cross-PE estimates were generally small; only 31% of absolute values were greater than 0.10. Excluding the outlier ‘energy drinks’, nine of 23 food groups had significantly stronger own-PEs for the lowest versus highest income quintiles (average regression-based difference across food groups −0.30 (95% CI −0.62 to 0.02)). Six own-PEs were significantly stronger among Māori; the average difference for Māori: non-Māori across food groups was −0.26 (95% CI −0.52 to 0.00). Conclusions Food pricing policies have potential to improve population diets. The greater sensitivity of low-income households and Māori to price changes suggests the beneficial effects of such policies on health would be greatest for these groups. PMID:24098408

The impact of wind generation on the electricity spot-market price level and variance: The Texas experience

International Nuclear Information System (INIS)

Woo, C.K.; Horowitz, I.; Moore, J.; Pacheco, A.

2011-01-01

The literature on renewable energy suggests that an increase in intermittent wind generation would reduce the spot electricity market price by displacing high fuel-cost marginal generation. Taking advantage of a large file of Texas-based 15-min data, we show that while rising wind generation does indeed tend to reduce the level of spot prices, it is also likely to enlarge the spot-price variance. The key policy implication is that increasing use of price risk management should accompany expanded deployment of wind generation. - Highlights: → Rising wind generation in ERCOT tends to reduce electricity spot prices. → Rising wind generation in ERCOT is also likely to enlarge the spot-price variance. → Increased price risk management should accompany expanded wind power deployment.

Return momentum effect on reactor coolant water level distribution during mid-loop conditions

International Nuclear Information System (INIS)

Seo, Jae Kwang; Yang, Jae Young; Park, Goon Cherl

2001-01-01

An accurate prediction of the Reactor Coolant System( RCS) water level is of importance in the determination of the allowable operating range to ensure safety during mid-loop operations. However, complex hydrualic phenomena induced by the Shutdown Cooling System (SCS) return momentum causes different water levels from those in the loop where the water level indicators are located. This was apparently observed at the pre-core cold hydro test of the Younggwang Nuclear Unit 3 (YGN 3) in Korea. In this study, in order to analytically understand the effect of the SCS return momentum on the RCS water level distribution, a model using a one-dimensional momentum and energy conservation for cylindrical channel, hydraulic jump in operating cold leg, water level build-up at the Reactor Vessel (RV) inlet nozzle, Bernoulli constant in downcomer region, and total water volume conservation has been developed. The model predicts the RCS water levels at various RCS locations during the mid-loop conditions and the calculation results were compared with the test data. The analysis shows that the hydraulic jump in the operating cold legs, in conjuction with the pressure drop throughout the RCS, is the main cause creating the water level differences at various RCS locations. The prediction results provide good explanations for the test data and show the significant effect of the SCS return momentum on the RCS water levels

Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market

Directory of Open Access Journals (Sweden)

Santiago Rodríguez-Feijoó

2015-01-01

Full Text Available This paper studies the behavior of fruit and vegetable prices in a wholesale market. Its aims are: a to examine price behavior and changes; and b to identify statistically significant factors in the perception of prices and to quantify the effect of these factors on the market price. For this purpose, daily data were obtained on modal prices at the Mercalaspalmas wholesale market from 2006 until mid-2010. The results obtained show there is a similar degree of flexibility in price increases and decreases, and show the product to be the determinant element in setting prices. There was found to be a strong degree of price permanence, in the sense that changes take place slowly and following a lag. The following significant factors were identified in the perception of prices: the length of time a price has remained unchanged in the market; the period during which a product has been absent from the market; the quantities traded at a given price; and the index of market prices. However, the quantitative effect of this body of factors on the perceived price is very limited.

The Impact of a City-Level Minimum-Wage Policy on Supermarket Food Prices in Seattle-King County.

Science.gov (United States)

Otten, Jennifer J; Buszkiewicz, James; Tang, Wesley; Aggarwal, Anju; Long, Mark; Vigdor, Jacob; Drewnowski, Adam

2017-09-09

Background : Many states and localities throughout the U.S. have adopted higher minimum wages. Higher labor costs among low-wage food system workers could result in higher food prices. Methods : Using a market basket of 106 foods, food prices were collected at affected chain supermarket stores in Seattle and same-chain unaffected stores in King County (n = 12 total, six per location). Prices were collected at 1 month pre- (March 2015) and 1-month post-policy enactment (May 2015), then again 1-year post-policy enactment (May 2016). Unpaired t-tests were used to detect price differences by location at fixed time while paired t-tests were used to detect price difference across time with fixed store chain. A multi-level, linear differences-in-differences model, was used to detect the changes in the average market basket item food prices over time across regions, overall and by food group. Results : There were no significant differences in overall market basket or item-level costs at one-month (-$0.01, SE = 0.05, p = 0.884) or one-year post-policy enactment (-$0.02, SE = 0.08, p = 0.772). No significant increases were observed by food group. Conclusions : There is no evidence of change in supermarket food prices by market basket or increase in prices by food group in response to the implementation of Seattle's minimum wage ordinance.

ENDL-1978. LLL evaluated Nuclear Data Library 1978

International Nuclear Information System (INIS)

1979-07-01

The contents and documentation of the 1978 version of the Evaluated Nuclear Data Library of the Lawrence Livermore Laboratory, USA are summarized. The Library contains numerical neutron reaction data for 88 isotopes or elements

The Relationship Between Brand Awareness and Price Levels Toward Purchase Intention: An Experiment with Luxury Perfumes

Directory of Open Access Journals (Sweden)

Deonir De Toni

2014-08-01

Full Text Available Luxury products carry with them different and complementary meanings. However, the symbolic meanings, manifested through its extrinsic attributes such as brand and price, are strongly related to their image and often outperform intrinsic attributes. This study aims to understand the role of brand and price on purchase intention, perception of quality and value in luxury goods. From an experiment with factorial design of order 2 (brand: known, unknown x 2 (price: high, low, it was found that purchase intention both in situations of low prices as high prices is significantly higher for luxury perfume known brands; the perception of quality for perfume known brands is significantly greater than that for unknown brands, regardless of the price level. Other findings indicate that the relationship between brand awareness and purchase intention is mediated by perceived quality and the relationship between price perception and purchase intention is mediated by perceived value. Thus, the study results allow a better understanding of the role of brand and price in the consumption of luxury products. 

The economic impact of carbon pricing with regulated electricity prices in China—An application of a computable general equilibrium approach

International Nuclear Information System (INIS)

Li, Ji Feng; Wang, Xin; Zhang, Ya Xiong; Kou, Qin

2014-01-01

We use a dynamic CGE model (SICGE) to assess the economic and climate impacts of emissions trading system (ETS) in China with a carbon price of 100 Yuan/ton CO2. A particular focus is given to the regulated electricity price regime, which is a major concern of electricity sector’s cost-effective participation in ETS in China. We found: (1) Carbon pricing is an effective policy for China to reduce CO 2 emissions. Total CO 2 emissions reduction ranges from 6.8% to 11.2% in short-term. (2) Rigid electricity price entails lower CO 2 emissions reduction but can be considered as a feasible starting point to introduce carbon pricing policies in short-term as long as governmental subsidies are given to electricity production. (3) In mid- and long-term, the efficient policy is to earmark carbon revenue with competitive electricity price. We propose to use carbon revenue to reduce consumption tax in the first year of the introduction of carbon price and to use the carbon revenue to reduce production tax in following years. - Highlights: • We use a CGE model to assess the impacts of carbon pricing in China. • We test different scenarios of carbon cost pass-through in electricity price. • Carbon pricing policy cost-efficiency is examined with double-dividend hypothesis

Reassessing the empirical relationship between the oil price and the dollar

International Nuclear Information System (INIS)

Coudert, Virginie; Mignon, Valérie

2016-01-01

This paper aims at reassessing the empirical relationship between the real price of oil and the U.S. dollar real effective exchange rate over the 1974–2015 period. We find that changes in both variables are now linked by a negative relationship, going from the dollar exchange rate to the real oil price. However, the same relationship is found positive when ending the sample in the mid-2000s, in line with the previous literature. To understand and investigate this evolution, we rely on a nonlinear, smooth transition regression model in which the oil price-dollar nexus depends on the dynamics followed by the U.S. currency. Our results show that the relationship is negative most of the times but turns positive when the dollar hits very high values, as in the early eighties. - Highlights: •We reassess the relationship between the real oil price and the dollar over the 1974–2015 period. •Changes in the two variables are linked by a negative relationship over the whole period. •The link between both variables is positive over the subsample ending in the mid-2000s. •We estimate a nonlinear model in which the oil price-dollar nexus depends on the evolution the dollar. •The relationship is negative most of the times, except when the dollar hits very high values.

Analyzing the impact of price subsidy on rice self-sufficiency level in Malaysia: A preliminary finding

Science.gov (United States)

Rahim, Farah Hanim Abdul; Abidin, Norhaslinda Zainal; Hawari, Nurul Nazihah

2017-11-01

The Malaysian government had targeted for the rice industry in the country to achieve 100% rice self-sufficiency where Malaysia's rice self-sufficiency level (SSL) is currently at 65% to 75%. Thus, the government had implemented few policies to increase the rice production in Malaysia in order to meet the growing demand of rice. In this paper, the effect of price support on the rice production system in Malaysia is investigated. This study utilizes the system dynamics approach of the rice production system in Malaysia where the complexity of the factor is interrelated and changed dynamically through time. Scenario analysis was conducted using system dynamics model by making changes on the price subsidy to see its effect on the rice production and rice SSL. The system dynamics model provides a framework for understanding the effect of price subsidy on the rice self-sufficiency level. The scenario analysis of the model shows that a 50% increase in the price subsidy leads to a substantial increase in demand as the rice price drops. Accordingly, the local production increases by 15%. However, the SSL slightly decreases as the local production is insufficient to meet the large demand.

Value-based differential pricing: efficient prices for drugs in a global context.

Science.gov (United States)

Danzon, Patricia; Towse, Adrian; Mestre-Ferrandiz, Jorge

2015-03-01

This paper analyzes pharmaceutical pricing between and within countries to achieve second-best static and dynamic efficiency. We distinguish countries with and without universal insurance, because insurance undermines patients' price sensitivity, potentially leading to prices above second-best efficient levels. In countries with universal insurance, if each payer unilaterally sets an incremental cost-effectiveness ratio (ICER) threshold based on its citizens' willingness-to-pay for health; manufacturers price to that ICER threshold; and payers limit reimbursement to patients for whom a drug is cost-effective at that price and ICER, then the resulting price levels and use within each country and price differentials across countries are roughly consistent with second-best static and dynamic efficiency. These value-based prices are expected to differ cross-nationally with per capita income and be broadly consistent with Ramsey optimal prices. Countries without comprehensive insurance avoid its distorting effects on prices but also lack financial protection and affordability for the poor. Improving pricing efficiency in these self-pay countries includes improving regulation and consumer information about product quality and enabling firms to price discriminate within and between countries. © 2013 The Authors. Health Economics published by John Wiley & Sons Ltd.

Developing a new mid-level health worker: lessons from South Africa's experience with clinical associates

Directory of Open Access Journals (Sweden)

Sharon Fonn

2013-01-01

Full Text Available Background: Mid-level medical workers play an important role in health systems and hold great potential for addressing the human resource shortage, especially in low- and middle-income countries. South Africa began the production of its first mid-level medical workers – known as clinical associates – in small numbers in 2008. Objective: We describe the way in which scopes of practice and course design were negotiated and assess progress during the early years. We derive lessons for other countries wishing to introduce new types of mid-level worker. Methods: We conducted a rapid assessment in 2010 consisting of a review of 19 documents and 11 semi-structured interviews with a variety of stakeholders. A thematic analysis was performed. Results: Central to the success of the clinical associate training programme was a clear definition and understanding of the interests of various stakeholders. Stakeholder sensitivities were taken into account in the conceptualisation of the role and scope of practice of the clinical associate. This was achieved by dealing with quality of care concerns through service-based training and doctor supervision, and using a national curriculum framework to set uniform standards. Conclusions: This new mid-level medical worker can contribute to the quality of district hospital care and address human resource shortages. However, a number of significant challenges lie ahead. To sustain and expand on early achievements, clinical associates must be produced in greater numbers and the required funding, training capacity, public sector posts, and supervision must be made available. Retaining the new cadre will depend on the public system becoming an employer of choice. Nonetheless, the South African experience yields positive lessons that could be of use to other countries contemplating similar initiatives.

ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

OpenAIRE

TÜNDE VERES

2011-01-01

The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

Energy prices and taxes

International Nuclear Information System (INIS)

2004-01-01

Energy Prices and Taxes contains a major international compilation of energy prices at all market levels: import prices, industry prices and consumer prices. The statistics cover main petroleum products, gas, coal and electricity, giving for imported products an average price both for importing country and country of origin. Every issue includes full notes on sources and methods and a description of price mechanisms in each country

PERCEIVED RISK, PRICE AND ONLINE TRAVEL AGENCIES: DOES PRICE ALWAYS MATTER?

Directory of Open Access Journals (Sweden)

Patricea Elena BERTEA

2011-01-01

Full Text Available The present study analyzes the influence of price level in the case of onlineshopping for travel services. The methodology used is a quasi experimentdeveloped in the online environment. The analysis is made within groups andfollows three scenarios which depend on the level of brand awareness.Inside each scenario price takes two levels: similar to competition andsmaller than competition. Results show that price does not have an influenceon all types of perceived risk and that its influence depends also on the brandawareness component.

Environmental monitoring at the La Grande Complex : evolution of fish mercury levels : summary report 1978-2000

Energy Technology Data Exchange (ETDEWEB)

Schetagne, R. [Hydro-Quebec, Montreal, PQ (Canada). Direction Barrages et Environnement; Therrien, J.; Lalumiere, R. [Genivar SEC, Montreal, PQ (Canada)

2003-12-15

In Northern Quebec, mercury has accumulated since the last ice age as a result of atmospheric fallout from natural sources such as the weathering of rocks in the earth's crust, forest fires and volcanoes, as well as from anthropogenic sources such as coal combustion and waste incineration. Mercury of atmospheric origin exists mainly in inorganic form, not readily assimilated by living organisms. In aquatic environments, it is converted to methylmercury by the bacteria that break down organic matter containing mercury which is readily assimilated by living organisms, travels through the food chain and accumulates in fish. The presence of mercury in the environment poses a potential concern as a result of the toxicity of methylmercury for humans, and especially Inuit communities through fish consumption. At the La Grande complex, mercury levels in the flesh of fish have been monitored since 1978, in both natural and modified environments. The main goals of the monitoring are to determine the temporal evolution of the increase in fish mercury levels in environments modified by the development of the La Grande hydroelectric complex, inform fish consumers and allow a comparison of the impacts actually measured with the effects predicted in the impact assessment studies. This report summarized results obtained between 1978 and 2000 at the La Grande complex. It included information presented in previous summary reports or articles as well as data from special studies and other hydroelectric projects. Specifically, the report provided a description of the study area and the hydroelectric developments; the rationale for the monitoring and the objectives; the prediction of the development's impacts; the methods used for the study; and, the results obtained in natural and modified environments. The main lessons learned and recommendations were also presented. 153 refs., 20 tabs., 45 figs., 1 appendix.

Environmental monitoring at the La Grande Complex : evolution of fish mercury levels : summary report 1978-2000

International Nuclear Information System (INIS)

Schetagne, R.

2003-12-01

In Northern Quebec, mercury has accumulated since the last ice age as a result of atmospheric fallout from natural sources such as the weathering of rocks in the earth's crust, forest fires and volcanoes, as well as from anthropogenic sources such as coal combustion and waste incineration. Mercury of atmospheric origin exists mainly in inorganic form, not readily assimilated by living organisms. In aquatic environments, it is converted to methylmercury by the bacteria that break down organic matter containing mercury which is readily assimilated by living organisms, travels through the food chain and accumulates in fish. The presence of mercury in the environment poses a potential concern as a result of the toxicity of methylmercury for humans, and especially Inuit communities through fish consumption. At the La Grande complex, mercury levels in the flesh of fish have been monitored since 1978, in both natural and modified environments. The main goals of the monitoring are to determine the temporal evolution of the increase in fish mercury levels in environments modified by the development of the La Grande hydroelectric complex, inform fish consumers and allow a comparison of the impacts actually measured with the effects predicted in the impact assessment studies. This report summarized results obtained between 1978 and 2000 at the La Grande complex. It included information presented in previous summary reports or articles as well as data from special studies and other hydroelectric projects. Specifically, the report provided a description of the study area and the hydroelectric developments; the rationale for the monitoring and the objectives; the prediction of the development's impacts; the methods used for the study; and, the results obtained in natural and modified environments. The main lessons learned and recommendations were also presented. 153 refs., 20 tabs., 45 figs., 1 appendix.

Effects of beverage alcohol price and tax levels on drinking: a meta-analysis of 1003 estimates from 112 studies.

Science.gov (United States)

Wagenaar, Alexander C; Salois, Matthew J; Komro, Kelli A

2009-02-01

We conducted a systematic review of studies examining relationships between measures of beverage alcohol tax or price levels and alcohol sales or self-reported drinking. A total of 112 studies of alcohol tax or price effects were found, containing 1003 estimates of the tax/price-consumption relationship. Studies included analyses of alternative outcome measures, varying subgroups of the population, several statistical models, and using different units of analysis. Multiple estimates were coded from each study, along with numerous study characteristics. Using reported estimates, standard errors, t-ratios, sample sizes and other statistics, we calculated the partial correlation for the relationship between alcohol price or tax and sales or drinking measures for each major model or subgroup reported within each study. Random-effects models were used to combine studies for inverse variance weighted overall estimates of the magnitude and significance of the relationship between alcohol tax/price and drinking. Simple means of reported elasticities are -0.46 for beer, -0.69 for wine and -0.80 for spirits. Meta-analytical results document the highly significant relationships (P price measures and indices of sales or consumption of alcohol (aggregate-level r = -0.17 for beer, -0.30 for wine, -0.29 for spirits and -0.44 for total alcohol). Price/tax also affects heavy drinking significantly (mean reported elasticity = -0.28, individual-level r = -0.01, P prices and taxes are related inversely to drinking. Effects are large compared to other prevention policies and programs. Public policies that raise prices of alcohol are an effective means to reduce drinking.

The pass through of oil prices into euro area consumer liquid fuel prices in an environment of high and volatile oil prices

Energy Technology Data Exchange (ETDEWEB)

Meyler, Aidan [European Central Bank, Frankfurt am Main (Germany)

2009-11-15

Crude and refined oil prices have been relatively high and volatile on a sustained basis since 1999. This paper considers the pass through of oil prices into consumer liquid (i.e. petrol, diesel and heating) fuel prices in such an environment. The pass through of oil prices into consumer liquid fuel prices has already been addressed extensively in the literature. Nonetheless much of this literature has either focused on the United States or on a time period when oil prices were relatively stable, or has used monthly data. The main contribution of this paper is a comprehensive combination of many features that have been considered before but rarely jointly. These features include: (1) the analysis of the euro area as an aggregate and a large number of countries (the initial 12 member states); (2) the consideration of different time periods; (3) the modelling of the data in raw levels rather than in log levels. This turns out to have important implications for our findings; (4) the use of high frequency (weekly) data, which, as results will suggest, are the lowest frequency one should consider; (5) the investigation of the different stages of the production chain from crude oil prices to retail distribution - refining costs and margins, distribution and retailing costs and margins; (6) the examination of prices including and excluding taxes - excise and value-added; (7) the modelling of prices for three fuel types - passenger car petrol and diesel separately and home heating fuel oil; (8) lastly we also address the issue of possible asymmetries, allowing for the pass through to vary according to (a) whether price are increasing or decreasing and (b) whether price levels are above or below their equilibrium level. The main findings are as follows: First, as distribution and retailing costs and margins have been broadly stable on average, the modelling of the relationship between consumer prices excluding taxes and upstream prices in raw levels rather than in

The pass through of oil prices into euro area consumer liquid fuel prices in an environment of high and volatile oil prices

International Nuclear Information System (INIS)

Meyler, Aidan

2009-01-01

Crude and refined oil prices have been relatively high and volatile on a sustained basis since 1999. This paper considers the pass through of oil prices into consumer liquid (i.e. petrol, diesel and heating) fuel prices in such an environment. The pass through of oil prices into consumer liquid fuel prices has already been addressed extensively in the literature. Nonetheless much of this literature has either focused on the United States or on a time period when oil prices were relatively stable, or has used monthly data. The main contribution of this paper is a comprehensive combination of many features that have been considered before but rarely jointly. These features include: (1) the analysis of the euro area as an aggregate and a large number of countries (the initial 12 member states); (2) the consideration of different time periods; (3) the modelling of the data in raw levels rather than in log levels. This turns out to have important implications for our findings; (4) the use of high frequency (weekly) data, which, as results will suggest, are the lowest frequency one should consider; (5) the investigation of the different stages of the production chain from crude oil prices to retail distribution - refining costs and margins, distribution and retailing costs and margins; (6) the examination of prices including and excluding taxes - excise and value-added; (7) the modelling of prices for three fuel types - passenger car petrol and diesel separately and home heating fuel oil; (8) lastly we also address the issue of possible asymmetries, allowing for the pass through to vary according to (a) whether price are increasing or decreasing and (b) whether price levels are above or below their equilibrium level. The main findings are as follows: First, as distribution and retailing costs and margins have been broadly stable on average, the modelling of the relationship between consumer prices excluding taxes and upstream prices in raw levels rather than in

Association of blood lead levels in children 0-72 months with living in Mid-Appalachia: a semi-ecologic study.

Science.gov (United States)

Wiener, R Constance; Jurevic, Richard J

2016-01-01

Lead exposure in children remains a significant public health issue, although many advances have been made. The Mid-Appalachia area (Kentucky, New York, Ohio, Pennsylvania, and West Virginia) is 89-91% rural with a population density of 16-21 people/km2 (41-54 people/mi2). Mid-Appalachia has significant health disparities including concerns for the consequences of greater lead exposure to children due to mining and industrial footprints, and existing older housing. The purpose of this study is to compare the reported blood lead levels of screened children, aged 0-72 months in Mid-Appalachia, to the children in the USA in general. Data from the Centers for Disease Control and Prevention and from the US Census Bureau were analyzed in a semi-ecological study. The blood lead level of 5 μg/dL was compared between children in Mid-Appalachia and the US housing units built before 1950; US housing units built before 1940 were also compared. The number of children with blood lead levels of 5 μg/dL was significantly greater in Mid-Appalachia than nationally (7.75% vs 5.79%, respectively; pecological relationship with the number of homes built before 1950 and before 1940.

Economics Aspects of Increasing the Oil Price

Directory of Open Access Journals (Sweden)

Grendel Peter

2004-09-01

Full Text Available In paper I describe mainly high price of oil, which has influence on many circumstances. The important effect on growing up the price of oil has situation in Mid-east, and everyday rising consumption of oil in China. Meaningful position have USA, which using 45% of word energy. The problem is particularly in daily mining of lode. In next part i describing aspect of this situation on stock-exchange, mainly behaviour of speculators, and OPEC, and also presure on inflation in Euro-zone. In the last chapter I discuss about reaction of the big world oil concern like CONOCO, SHELL, BP, OMV and MOL.

Regions of mid-level human visual cortex sensitive to the global coherence of local image patches.

Science.gov (United States)

Mannion, Damien J; Kersten, Daniel J; Olman, Cheryl A

2014-08-01

The global structural arrangement and spatial layout of the visual environment must be derived from the integration of local signals represented in the lower tiers of the visual system. This interaction between the spatially local and global properties of visual stimulation underlies many of our visual capacities, and how this is achieved in the brain is a central question for visual and cognitive neuroscience. Here, we examine the sensitivity of regions of the posterior human brain to the global coordination of spatially displaced naturalistic image patches. We presented observers with image patches in two circular apertures to the left and right of central fixation, with the patches drawn from either the same (coherent condition) or different (noncoherent condition) extended image. Using fMRI at 7T (n = 5), we find that global coherence affected signal amplitude in regions of dorsal mid-level cortex. Furthermore, we find that extensive regions of mid-level visual cortex contained information in their local activity pattern that could discriminate coherent and noncoherent stimuli. These findings indicate that the global coordination of local naturalistic image information has important consequences for the processing in human mid-level visual cortex.

Dosimetry and radiation protection at the RA reactor, Report for 1978 - Annex V; Prilog V - Dozimetrija i tehnicka zastita od zracenja kod reaktora RA - Izvestaj za 1978. godinu -

Energy Technology Data Exchange (ETDEWEB)

Ninkovic, M et al [Institute of Nuclear Sciences Boris Kidric, Vinca, Beograd (Serbia and Montenegro)

1978-12-15

This annex includes data about measured levels of gamma and neutron irradiation as well as level of contamination of the working environment. In addition it covers data about irradiation of the staff, contamination, decontamination of the surfaces, and radioactive waste. During 1978 there were no significant accidents that could impact either staff or the environment. [Serbo-Croat] Ovaj prilog sadrzi podatke o merenim nivoima gama i neutronskog zracenja kao i stepenu kontaminacije radne sredine na reaktoru RA. Pored toga dati su podaci o ozracivanju osoblja, kontaminaciji, dekontaminaciji i radioaktivnom otpadu. Akcidenata vecih razmera koji bi imali znacajnije posledice po osoblje i okolinu tokom 1978. godine nije bilo.

The power situation in Mid-Norway

International Nuclear Information System (INIS)

2006-01-01

The strained power situation in Mid-Norway is in broad terms an energy problem, and the situation is especially precarious in the county of Moere og Romsdal. There is a risk that even in normal years, there will be insufficient energy supply unless new measures are implemented. There is a 50 percent chance that the situation will become more strained than in normal years. In the long term there is a possibility to increase the capacity of the system by increasing the import capacity as well as the production, but this is not realistic before 2011. A gas work at Tjeldbergodden can at the earliest be operative in 2011. The gas work at Skogn can at the earliest be operative in 2009, and needs to be accompanied by fortifications in the distribution net in order to help the situation in Moere og Romsdal. In short term the import capacity to the region will be reduced, and there are limits to how much new production capacity that can be taken in. Therefore, measures have to be made in order to reduce the consumption and increase the import. To make sure the measures will have satisfactory effect, they need to be implemented soon, so they can have effect over a longer period. It is limited how big reduction one can expect from the normal supply consumption. It is estimated that the consumption can be reduced by 10 percent at the maximum, by the use of high prices in the area, but this requires that the consumers expect a prolonged level of high energy prices at 0,80 Nok/kWh, and in addition short-term price fluctuations. Energy-intensive industry may find it profitable to reduce the consumption at prices below 0,80 Nok/kWh, but the potential for this is probably small in Moere og Romsdal. In a dry year it will hardly be possible to meet the energy demand without resorting to measures and in worst case rationing. The costs of rationing are substantially higher than the cost of backup power plants

Does the market share of generic medicines influence the price level?: a European analysis.

Science.gov (United States)

Dylst, Pieter; Simoens, Steven

2011-10-01

After the expiry of patents for originator medicines, generic medicines can enter the market, and price competition may occur. This process generates savings to the healthcare payer and to patients, but knowledge about the factors affecting price competition in the pharmaceutical market following patent expiry is still limited. This study aimed to investigate the relationship between the market share of generic medicines and the change of the medicine price level in European off-patent markets. Data on medicine volumes and values for 35 active substances were purchased from IMS Health. Ex-manufacturer prices were used, and the analysis was limited to medicines in immediate-release, oral, solid dosage forms. Countries included were Austria, Belgium, Denmark, Germany, France, Italy, the Netherlands, Spain, Sweden and the UK, which constitute a mix of countries with low and high generic medicines market shares. Data were available from June 2002 until March 2007. Market volume has risen in both high and low generic market share countries (+29.27% and +27.40%, respectively), but the cause of the rise is different for the two markets. In low generic market share countries, the rise was caused by the increased use of generic medicines, while in high market share countries, the rise was driven by the increased use of generic medicines and a shift of use from originator to generic medicines. Market value was substantially decreased in high generic market share countries (-26.6%), while the decrease in low generic market share countries was limited (-0.06%). In high generic market share countries, medicine prices dropped by -43.18% versus -21.56% in low market share countries. The extent to which price competition from generic medicines leads to price reductions appears to vary according to the market share of generic medicines. High generic market share countries have seen a larger decrease in medicine prices than low market share countries.

Deliverability and regional pricing in U.S. natural gas markets

International Nuclear Information System (INIS)

Brown, Stephen P.A.; Yuecel, Mine K.

2008-01-01

During the 1980s and early 90s, interstate natural gas markets in the United States made a transition away from the regulation that characterized the previous three decades. With abundant supplies and plentiful pipeline capacity, a new order emerged in which freer markets and arbitrage closely linked natural gas price movements throughout the country. After the mid-1990s, however, U.S. natural gas markets tightened and some pipelines were pushed to capacity. We look for the pricing effects of limited arbitrage through causality testing between prices at nodes on the U.S. natural gas transportation system and interchange prices at regional nodes on North American electricity grids. Our tests do reveal limited arbitrage, which is indicative of bottlenecks in the U.S. natural gas pipeline system. (author)

The U.S. Trade Deficit, The Dollar, and The Price of Oil

National Research Council Canada - National Science Library

Jackson, James K

2008-01-01

.... In mid-2008 as the price of oil rose to unprecedented heights and then dropped sharply, the international exchange value of the dollar fell and then rose relative to a broad basket of currencies...

Implementing US GDP in Chained Prices for Cross-country GDP Growth and Sectoral Comparisons: Application to Selected ASEAN Countries

OpenAIRE

Dumagan, Jesus C.

2008-01-01

GDP in constant prices of ASEAN countries suffers from substitution bias by ignoring relative price changes and makes GDP growth and shares dependent on the base year. These analytical deficiencies led the US since the mid-1990s to convert GDP from constant to chained prices. Thus, cross-country comparisons in constant prices are analytically shaky even with the same base year. Therefore, this paper implements US GDP in chained prices in Indonesia, Malaysia, Philippines, and Thailand to allev...

Simulating Price-Taking

Science.gov (United States)

Engelhardt, Lucas M.

2015-01-01

In this article, the author presents a price-takers' market simulation geared toward principles-level students. This simulation demonstrates that price-taking behavior is a natural result of the conditions that create perfect competition. In trials, there is a significant degree of price convergence in just three or four rounds. Students find this…

Sensitivity of price elasticity of demand to aggregation, unobserved heterogeneity, price trends, and price endogeneity: Evidence from U.S. Data

International Nuclear Information System (INIS)

Miller, Mark; Alberini, Anna

2016-01-01

Price elasticity estimates of residential electricity demand vary widely across the energy economics and policy literature. In this paper, we seek to explain these findings using three nationwide datasets from the U.S. – the American Housing Survey, Forms EIA-861, and the Residential Energy Consumption Survey. We examine the role of the sample period, level of aggregation, use of panel data, use of instrumental variables, and inclusion of housing characteristics and capital stock. Our findings suggest that price elasticities have remained relatively constant over time. Upon splitting our panel datasets into annual cross sections, we do observe a negative relationship between price elasticities and the average price. Whether prices are rising or falling appears to have little effect on our estimates. We also find that aggregating our data can result in both higher and lower price elasticity estimates, depending on the dataset used, and that controlling for unit-level fixed effects with panel data generally results in more inelastic demand functions. Addressing the endogeneity of price and/or measurement error in price with instrumental variables has a small but noticeable effect on the price elasticities. Finally, controlling for housing characteristics and capital stock produces a lower price elasticity. - Highlights: • The price elasticity of residential electricity demand varies widely across studies. • We use three large datasets from the US to examine reasons for such wide variation. • Some assessed effects include aggregation, unobserved heterogeneity, and price trends. • Correcting for such issues can change the estimated price elasticity by 50–100%.

Lessons from game theory about healthcare system price inflation: evidence from a community-level case study.

Science.gov (United States)

Agee, Mark D; Gates, Zane

2013-02-01

Game theory is useful for identifying conditions under which individual stakeholders in a collective action problem interact in ways that are more cooperative and in the best interest of the collective. The literature applying game theory to healthcare markets predicts that when providers set prices for services autonomously and in a noncooperative fashion, the market will be susceptible to ongoing price inflation. We compare the traditional fee-for-service pricing framework with an alternative framework involving modified doctor, hospital and insurer pricing and incentive strategies. While the fee-for-service framework generally allows providers to set prices autonomously, the alternative framework constrains providers to interact more cooperatively. We use community-level provider and insurer data to compare provider and insurer costs and patient wellness under the traditional and modified pricing frameworks. The alternative pricing framework assumes (i) providers agree to manage all outpatient claims; (ii) the insurer agrees to manage all inpatient clams; and (iii) insurance premiums are tied to patients' healthy behaviours. Consistent with game theory predictions, the more cooperative alternative pricing framework benefits all parties by producing substantially lower administrative costs along with higher profit margins for the providers and the insurer. With insurance premiums tied to consumers' risk-reducing behaviours, the cost of insurance likewise decreases for both the consumer and the insurer.

STUDI BANDING PENYUSUNAN LAPORAN KEUANGAN DENGAN METODE HISTORICAL COST ACCOUNTING DAN GENERAL PRICE LEVEL ACCOUNTING PADA MASA INFLASI

Directory of Open Access Journals (Sweden)

David Sukardi Kodrat

2006-01-01

Full Text Available Generally, Financial Statements are based on Historical Cost Accounting (HCA that assumes that prices are stable. Actually, there are several methods on accounting for the effect of changing prices, such as Current Cost Accounting (Replacement Cost Accounting and Constant Dollar Accounting or General Price Level Accounting (GPLA. GPLA will do restatement the components of financial statement to be a rupiah on a similar level of purchasing power, but without changes in accounting principles which using on conventional accounting. Financial statements made by GPLA are comparing to financial statements made by HCA. Both of financial statements are analysis with NOD (Number of Dollar attribute to know that financial statements are interpretative and analysis with COG (Command of Good attribute to know that financial statements are relevant. Abstract in Bahasa Indonesia : Laporan keuangan disusun berdasarkan metode Historical Cost Accounting (HCA yang menggunakan asumsi nilai tukar stabil. Beberapa metode akuntansi yang memperhitungkan perubahan nilai tukar seperti Current Cost Accounting (Replacement Cost Accounting dan Constant Dollar Accounting atau General Price Level Accounting (GPLA. GPLA menyajikan komponen laporan keuangan berdasarkan penyesuaian rupiah dengan daya beli tanpa mengubah prinsip-prinsip akuntasi konvensional. Laporan keuangan yang disusun dengan GPLA dapat diperbandingkan dengan laporan keuangan berdasarkan HCA. Dengan analisa NOD (Number of Dollar dan COG (Command Over Good attribute menunjukkan bahwa laporan keuangan berdasarkan GPLA lebih interpretatif dan lebih relevan. Kata Kunci: Laporan Keuangan, Historical Cost Accounting, General Price Level Accounting, NOD attribute, COG attribute.

The Relevance among Mid-level leader & Principal's Leadership, School Climate and Guidance

OpenAIRE

米沢, 崇; 山崎, 茜; 栗原, 慎二

2014-01-01

The purpose of this study was to investigate effects of the leadership of school leader and organizational culture to the practice of school guidance. Single time questionnaire was taken, and 182 elementary school teachers participated in. The major findings were as follows : (a)challenging culture among teachers, principal breakthrough leadership, and mid-level leader's consideration effect on information sharing among teachers, (b) challenging culture among teachers, principal' s considerat...

Annual report 1978

International Nuclear Information System (INIS)

1978 progress report is presented: works in theoretical physics, reactions and nuclear structures, high and intermediary energies, heavy ions (mechanisms, reactions) and developments in instrumentation [fr

Career Development of Latinas in Mid-Level Community College Administration: A Phenomenological Approach

Science.gov (United States)

Gonzalez-De Jesus, Naydeen Tyffane

2012-01-01

Glass ceilings have been identified by scholars throughout the past 20 years as barriers to the upward career mobility of women and of people of color. There is an indication that glass ceiling barriers exist in the higher education sector. Latinas, as a subgroup of women of color, occupy many of the mid-level administrative positions in community…

District health manager and mid-level provider perceptions of practice environments in acute obstetric settings in Tanzania: a mixed-method study.

Science.gov (United States)

Ng'ang'a, Njoki; Byrne, Mary Woods; Kruk, Margaret E; Shemdoe, Aloisia; de Pinho, Helen

2016-08-08

In sub-Saharan Africa, the capacity of human resources for health (HRH) managers to create positive practice environments that enable motivated, productive, and high-performing HRH is weak. We implemented a unique approach to examining HRH management practices by comparing perspectives offered by mid-level providers (MLPs) of emergency obstetric care (EmOC) in Tanzania to those presented by local health authorities, known as council health management teams (CHMTs). This study was guided by the basic strategic human resources management (SHRM) component model. A convergent mixed-method design was utilized to assess qualitative and quantitative data from the Health Systems Strengthening for Equity: The Power and Potential of Mid-Level Providers project. Survey data was obtained from 837 mid-level providers, 83 of whom participated in a critical incident interview whose aim was to elicit negative events in the practice environment that induced intention to leave their job. HRH management practices were assessed quantitatively in 48 districts with 37 members of CHMTs participating in semi-structured interviews. The eight human resources management practices enumerated in the basic SHRM component model were implemented unevenly. On the one hand, members of CHMTs and mid-level providers agreed that there were severe shortages of health workers, deficient salaries, and an overwhelming workload. On the other hand, members of CHMTs and mid-level providers differed in their perspectives on rewards and allocation of opportunities for in-service training. Although written standards of performance and supervision requirements were available in most districts, they did not reflect actual duties. Members of CHMTs reported high levels of autonomy in key HRH management practices, but mid-level providers disputed the degree to which the real situation on the ground was factored into job-related decision-making by CHMTs. The incongruence in perspectives offered by members of CHMTs

Analysis on 'new fundamentals' and range of oil price trend in the long run

Energy Technology Data Exchange (ETDEWEB)

Rui, Chen

2010-09-15

The range of trend of oil price will be decided by marginal production cost of crude oil and production cost of alternative energy consumed as transportation fuel on a large scale. The former factor determines the lower limit and the latter determines the upper limit of oil price. financial factors and the value of USD will not only affect the short-term change of oil price, they may become fundamentals factors that exert influence on the mid-long term change of oil price, namely, New Fundamentals, which will determine the fluctuation degree of oil price in the long run.

Ten-watt level picosecond parametric mid-IR source broadly tunable in wavelength

Science.gov (United States)

Vyvlečka, Michal; Novák, Ondřej; Roškot, Lukáscaron; Smrž, Martin; Mužík, Jiří; Endo, Akira; Mocek, Tomáš

2018-02-01

Mid-IR wavelength range (between 2 and 8 μm) offers perspective applications, such as minimally-invasive neurosurgery, gas sensing, or plastic and polymer processing. Maturity of high average power near-IR lasers is beneficial for powerful mid-IR generation by optical parametric conversion. We utilize in-house developed Yb:YAG thin-disk laser of 100 W average power at 77 kHz repetition rate, wavelength of 1030 nm, and about 2 ps pulse width for pumping of a ten-watt level picosecond mid-IR source. Seed beam is obtained by optical parametric generation in a double-pass 10 mm long PPLN crystal pumped by a part of the fundamental near-IR beam. Tunability of the signal wavelength between 1.46 μm and 1.95 μm was achieved with power of several tens of miliwatts. Main part of the fundamental beam pumps an optical parametric amplification stage, which includes a walk-off compensating pair of 10 mm long KTP crystals. We already demonstrated the OPA output signal and idler beam tunability between 1.70-1.95 μm and 2.18-2.62 μm, respectively. The signal and idler beams were amplified up to 8.5 W and 5 W, respectively, at 42 W pump without evidence of strong saturation. Thus, increase in signal and idler output power is expected for pump power increase.

Effects of Mid-Level Ethanol Blends on Conventional Vehicle Emissions

Energy Technology Data Exchange (ETDEWEB)

Knoll, K.; West, B.; Huff, S.; Thomas, J.; Orban, J.; Cooper, C.

2010-06-01

Tests were conducted in 2008 on 16 late-model conventional vehicles (1999-2007) to determine short-term effects of mid-level ethanol blends on performance and emissions. Vehicle odometer readings ranged from 10,000 to 100,000 miles, and all vehicles conformed to federal emissions requirements for their federal certification level. The LA92 drive cycle, also known as the Unified Cycle, was used for testing because it more accurately represents real-world acceleration rates and speeds than the Federal Test Procedure. Test fuels were splash-blends of up to 20 volume percent ethanol with federal certification gasoline. Both regulated and unregulated air-toxic emissions were measured. For the 16-vehicle fleet, increasing ethanol content resulted in reductions in average composite emissions of both nonmethane hydrocarbons and carbon monoxide and increases in average emissions of ethanol and aldehydes.

Fuel price and supply projections, 1980 to 2000

International Nuclear Information System (INIS)

1980-06-01

In 1978, over 95% of California's energy was derived from conventional fuels - oil, natural gas, coal, and uranium. Approximately one-third of these conventional fuels was produced within the state, the remaining two-thirds coming from other states and foreign countries. Dependence on these fuels is not likely to diminish rapidly in the near future, therefore the factors that contribute to the future supplies and prices of these fuels will have a major influence on the state's energy future. This report serves as a basis for Commission analysis and is also intended as a tool to be used by others who must make decisions involving the future cost and availability of fuels. This report documents the staff's projections on future supply, price, and availability of these fuels and presents information on historical fuel use and price for background and perspective. Analyses of commercially developable derived fuels and of recent Federal statutory restrictions on the use of oil and gas are also presented. These analyses include economic, logistic, environmental, geologic, and social and institutional considerations. This report does not focus on the costs included in fuel production and preparation; nor does the report go into detail on the transportation, disposal, and downstream costs of the various fuels

A model for the effects of psychological pricing in Gabor-Granger price studies

NARCIS (Netherlands)

Wedel, M; Leeflang, PSH

We present a model of consumers' price sensitivity that explicitly deals with the existence of so-called psychological price levels or odd prices, i.e. prices ending in an odd number. The model is formulated in a latent class framework, in which splines are used to model utility as a function of

Cost and Price Collaboration

Science.gov (United States)

2016-04-30

described below which relies on questionnaires administered to subject matter experts in both cost analysis and price analysis to determine the value of...additional reports or data that the price analyst used in determining their final negotiated position. The cost analyst section of the questionnaire...an analysis at the individual element level rather than at a total price level to determine the major changes from the awarded contract to the new

Oil price shocks and long run price and import demand behavior

International Nuclear Information System (INIS)

Kleibergen, F.; Van Dijk, H.K.; Urbain, J.P.

1997-01-01

The effect which the oil price time series has on the long run properties of Vector AutoRegressive (VAR) models for price levels and import demand is investigated. As the oil price variable is assumed to be weakly exogenous for the long run parameters, a cointegration testing procedure allowing for weakly exogenous variables is developed using a LU decomposition of the long run multiplier matrix. The likelihood based cointegration test statistics, Wald, Likelihood Ratio and Lagrange Multiplier, are constructed and their limiting distributions derived. Using these tests, we find that incorporating the oil price in a model for the domestic or import price level of seven industrialized countries decreases the long run memory of the inflation rate. Second, we find that the results for import demand can be classified with respect to the oil importing or exporting status of the specific country. The result for Japan is typical as its import price is not influenced by gnp in the long run, which is the case for all other countries. 31 refs

Uranium mining: industry performance will continue to be driven by trends in the output and price or uranium

International Nuclear Information System (INIS)

2006-01-01

Industry revenue, which rose very strongly in the mid 2000s on the back of higher prices and higher production, is expected to retreat during the outlook i period. Indications are that a small gain in real industry revenue will be made in 2007-08, reflecting slightly higher output and some- what higher Australian dollar contract prices. However, real industry revenue is then expected to fall over the remaining years of the out- , look period, as output and exports edge lower and prices ease. Production from Ranger is expected to ease as mining winds down and the operation becomes ore processing only, and no new mines or mine expansions will come on stream over this relatively short period. Large increases in spot uranium prices in the mid 2000s were driven by falling uranium stocks, increased concern over future uranium supplies and growing speculative demand for uranium. Despite very large price rises, world uranium production responded only slowly, reflect-ing the long lead-time required to either expand existing operations or bring new developments on stream

Target Price Accuracy

Directory of Open Access Journals (Sweden)

Alexander G. Kerl

2011-04-01

Full Text Available This study analyzes the accuracy of forecasted target prices within analysts’ reports. We compute a measure for target price forecast accuracy that evaluates the ability of analysts to exactly forecast the ex-ante (unknown 12-month stock price. Furthermore, we determine factors that explain this accuracy. Target price accuracy is negatively related to analyst-specific optimism and stock-specific risk (measured by volatility and price-to-book ratio. However, target price accuracy is positively related to the level of detail of each report, company size and the reputation of the investment bank. The potential conflicts of interests between an analyst and a covered company do not bias forecast accuracy.

Negotiations 1978.

Science.gov (United States)

Taylor, Bruce; And Others

Reflecting the management advocacy position taken by school boards in collective bargaining procedures, this report analyzes New Jersey school labor negotiations laws and practices as of 1978. Terms and issues of special interest are defined and explained. Topics include contract language, good faith bargaining, past practice, negotiations…

Pricing Patterns of Cellular Phones and Phonecalls: A Segment-Level Analysis

OpenAIRE

Dipak C. Jain; Eitan Muller; Naufel J. Vilcassim

1999-01-01

One expectation of the U.S. Federal Communications Commission (FCC) in the early stages of the cellular communications industry was that the presence of two licensees in each market would ensure competition, and thereby result in declining prices over time for both cellular phones (handsets) and phonecalls. However, industry observers have noted recently that although the price of handsets has declined over time, the price of the phonecalls has not. We investigate this interesting pricing iss...

29 CFR 1978.110 - Judicial review.

Science.gov (United States)

2010-07-01

... Labor, shall not be subject to judicial review in any criminal or other civil proceedings (49 U.S.C... law judge, shall be transmitted by the Administrative Review Board, United States Department of Labor... 29 Labor 9 2010-07-01 2010-07-01 false Judicial review. 1978.110 Section 1978.110 Labor...

Econometric models of power prices. An approach to market monitoring in the Western US

International Nuclear Information System (INIS)

Barmack, Matthew; Kahn, Edward; Tierney, Susan; Goldman, Charles

2008-01-01

Given the limitations of data and resources available for market monitoring in electricity markets where regional transmission organizations (RTO) do not exist, we argue that econometric models of power prices could provide a useful screening tool for market monitoring. To explore its feasibility, we developed several econometric models of power prices at two major trading hubs in the West: Palo Verde and Mid-Columbia. We show that our models explain a large portion of the variation in power prices in Palo Verde and can establish a benchmark that can be used to identify outlier prices that are potentially the result of anti-competitive behavior. (author)

One TV, One Price?

OpenAIRE

Jean Imbs; Haroon Mumtaz; Morten O. Ravn; Hélène Rey

2009-01-01

We use a unique dataset on television prices across European countries and regions to investigate the sources of differences in price levels. Our findings are as follows: (i) Quality is a crucial determinant of price differences. Even in an integrated economic zone as Europe, rich economies tend to consume higher quality goods. This effect accounts for the lion’s share of international price dispersion. (ii) Sizable international price differentials subsist even for the same television sets. ...

Ice particle production in mid-level stratiform mixed-phase clouds observed with collocated A-Train measurements

Directory of Open Access Journals (Sweden)

D. Zhang

2018-03-01

Full Text Available Collocated A-Train CloudSat radar and CALIPSO lidar measurements between 2006 and 2010 are analyzed to study primary ice particle production characteristics in mid-level stratiform mixed-phase clouds on a global scale. For similar clouds in terms of cloud top temperature and liquid water path, Northern Hemisphere latitude bands have layer-maximum radar reflectivity (ZL that is  ∼  1 to 8 dBZ larger than their counterparts in the Southern Hemisphere. The systematically larger ZL under similar cloud conditions suggests larger ice number concentrations in mid-level stratiform mixed-phase clouds over the Northern Hemisphere, which is possibly related to higher background aerosol loadings. Furthermore, we show that springtime northern mid- and high latitudes have ZL that is larger by up to 6 dBZ (a factor of 4 higher ice number concentration than other seasons, which might be related to more dust events that provide effective ice nucleating particles. Our study suggests that aerosol-dependent ice number concentration parameterizations are required in climate models to improve mixed-phase cloud simulations, especially over the Northern Hemisphere.

Engineering Research Division report on reports calendar year 1978

International Nuclear Information System (INIS)

Lorton, M.E.

1979-01-01

Each year the Engineering Research Division of the Electronics Engineering Department has issued an internal report listing of all formal publications produced by the division during the calendar year. The report for 1978 is being issued in two sections (the second section has been expanded from the former format due to a change in collection of information implemented during the calendar year 1978). The first section (covering January 1978 through June 1978) lists the titles, report numbers, authors, dates, an author index, and, when applicable, conferences or journals to which the paper was submitted. The second section (covering July 1978 through December 1978) provides, in addition to the above information, abstracts for each paper, and an appendix with keywords. Future publication reports will include abstracts and a keyword appendix for all reports. It is expected that the new format will make the publication report a more useful document

Pricing and Warranty Level Decisions for New and Remanufactured Short Life-Cycle Products

Directory of Open Access Journals (Sweden)

Gan Shu San

2017-06-01

Full Text Available Remanufacturing has become more prominent as a recovery process to mitigate the massive disposal of short life-cycle product at its end-of-use. However, remanufactured product is often perceived to be inferior to new product, and it has lower value in consumer’s willingness to pay. To increase the perceived quality of the remanufactured product, manufacturer offers a warranty, since one of the three roles possessed in warranty is being a signal to product reliability. This paper studies the pricing decisions and warranty level decision for new and remanufactured products in a closed-loop supply chain consists of a manufacturer and a retailer. The optimization modeling is performed under Stackelberg game with manufacturer as the leader. We found that higher expansion effectiveness coefficient would increase the supply chain profit. Also, there is an interval of demand’s speed of change, where the total profit would be at its highest. The optimum warranty level can be achieved regardless the initial warranty level set at the beginning of retailer’s optimization. Furthermore, the remanufactured product’s wholesale and retail prices are influenced by the expansion effectiveness coefficient.

Price competition on graphs

NARCIS (Netherlands)

Soetevent, A.R.

2010-01-01

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. I propose an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. One feature of graph models of price competition is that spatial

Comparison of histopathologic changes following X-irradiation of mid-thoracic and lumbosacral levels of neonatal rat spinal cord

International Nuclear Information System (INIS)

Heard, J.K.; Gilmore, S.A.

1985-01-01

Light microscopic changes were studied in the dorsal funiculi of spinal cords from rats irradiated (4000 R) at 3 days of age and killed from 9-60 days postirradiation (P-I). The irradiated site was limited to a 5-mm length of mid-thoracic spinal cord (T only) in one group of rats, to a 5-mm length of lumbosacral spinal cord (L only) in a second group, and to 5-mm lengths of both mid-thoracic and lumbosacral spinal cord (T/L) in the third group. Changes in the lumbosacral regions were essentially the same in both L only and T/L irradiated groups. These changes included a decreased neuroglial population and a concurrent state of hypomyelination from 9-30 days P-I. In contrast, in the mid-thoracic regions of T only and T/L irradiated groups the decrease in the neuroglial population was obvious only through 13 days P-I, and by 30 days this population resembled that of the controls. The irradiated mid-thoracic areas were hypomyelinated, with the fasciculus gracilis showing a greater degree of hypomyelination than the fasciculus cuneatus. By 25 days P-I, myelination appeared to be normal in these areas. Scattered hemorrhages were noted in both lumbosacral and mid-thoracic regions, but necrotic areas occurred only at the lumbosacral level. In general, the mid-thoracic area appeared to be less sensitive to x-radiation at 3 days of age than the lumbosacral area. These data suggest that there may be marked differences in the developmental states of cells at these two levels at 3 days of age

Price regulation and relative price convergence: Evidence from the retail gasoline market in Canada

International Nuclear Information System (INIS)

Suvankulov, Farrukh; Lau, Marco Chi Keung; Ogucu, Fatma

2012-01-01

This paper explores price regulation and relative price convergence in the Canadian retail gasoline market. We use monthly data (2000–2010) on retail gasoline prices in 60 Canadian cities to investigate (i) whether the retail gasoline market in Canada has experienced a relative price convergence to the mean, which is expected, given the increased economic integration across Canadian provinces; and (ii) whether the introduction of price regulation mechanisms in New Brunswick and Nova Scotia in July 2006 had any impact on the price convergence in these provinces. We use a nonlinear panel unit root test and find solid evidence that Canadian retail gasoline markets are well integrated across locales; however, the share of converging cities reveals a significant decline since July of 2006. The impact of price regulation on price convergence is mixed; our results indicate that since the enactment of the regulation in all New Brunswick cities (9) included in the dataset, gasoline prices converge to the national mean. Volatility of price is also significantly reduced. In contrast, in the wake of price regulation in Nova Scotia, all 6 cities of the province are non-convergent to the mean with increased volatility and overall price level. - Highlights: ► The paper examines price regulation and convergence of gasoline prices in Canada. ► Overall in 2000–2010 the Canadian retail gasoline market was well integrated. ► Price convergence across cities has significantly declined since July 2006. ► The impact of price regulation at province level on a price convergence is mixed. ► The paper relies on the most advanced nonlinear panel unit root test.

OPEC wants to keep the oil price at a high level

International Nuclear Information System (INIS)

Krajka, D.

2005-01-01

Because the rest of the world has learnt to deal with expensive petroleum, the OPEC has decided to change its range of prices. The price of the oil barrel has only a weak impact on the world economy: in 2004 the world economy shows a 5% growth while the barrel price has increased of 30% and has exceeded the 50$ limit. In order to continue to control the prices, the OPEC has announced its intention of doubling its potential production capacities by the end of 2005 in order to fulfill the demand variations. (J.S.)

Distribution of marine birds on Georges Bank and Adjacent waters. Progress report No. 2, April--June 1978

Energy Technology Data Exchange (ETDEWEB)

Powers, K.D.

1978-07-01

From 27 March to 20 June 1978, 7 cruises aboard U.S. Coast Guard cutters DECISIVE, VIGILANT, and VIGOROUS and the National Marine Fisheries Service research vessel ALBATROSS IV were made on outer continental shelf waters in regions from the mid-Atlantic to the Gulf of Maine and Scotian Shelf. A total of 13916 marine birds of at least 27 species were counted in 711.16 km/sup 2/ sampled from 730 fixed-area transects (300m wide by 10 minutes cruising time). An equal number of 10-minute total bird counts (no fixed area) were conducted at the same time. All of MBO cruises conducted in 1978 have been transcribed onto computer data sheets and were proofed and verified. Seven of 24 MBO cruises made in 1977 have been transcribed. U.S. Fish and Wildlife Service Migratory Bird and Habitat Research Laboratory will keypunch the data. From a review of over 100 scientific papers and books, food habits of fulmars, shearwaters, storm-petrels, gannets, gulls, and alcids were referenced by bird species and author.

Price Competition on Graphs

OpenAIRE

Adriaan R. Soetevent

2010-01-01

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. I propose an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. One feature of graph models of price competition is that spatial discontinuities in firm-level demand may occur. I show that the existence result of D'Aspremont et al. (1979) does not extend to simple star graphs. I conjecture that this non-existence result holds...

Price Competition on Graphs

OpenAIRE

Pim Heijnen; Adriaan Soetevent

2014-01-01

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. We derive an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. These graph models of price competition may lead to spatial discontinuities in firm-level demand. We show that the existence result of D'Aspremont et al. (1979) does not extend to simple star graphs and conjecture that this non-existence result holds more general...

Fairness through Transparency: The Influence of Price Transparency on Consumer Perceptions of Price Fairness

OpenAIRE

Sandra Rothenberger

2015-01-01

This study proposes that price transparency is a significant factor affecting customer judgments of the fairness of sellers’ prices. Cognitive judgments of fairness require a certain amount of information processing; therefore, the level of transparency and the amount of price information affect fairness judgments. The more clear information consumers possess concerning seller prices, the more positive the judgment will be. Customer price fairness judgment is an effective measurement for the ...

Regional Relative Price Disparities and Their Driving Forces

Directory of Open Access Journals (Sweden)

Eu Joon Chang

2017-09-01

Full Text Available This paper studies the long-run behavior of relative price dispersion among cities in Korea with a special emphasis on heterogeneous transitional patterns of price level dynamics. Formal statistical tests indicate considerable evidence for rejecting the null of relative price level convergence among the majority of cities over the sample period of 1985-2015. The analysis of gravity model suggests that the effect of transportation costs on intercity price level differentials is limited, while other socioeconomic factors, such as income, input factor prices, demographic structure, and housing price growth, play key roles in accounting for persistent regional price level disparities. Individual price levels are found to be better explained by a multiple-component model, and the deviations from PPP may be attributed to distinct stochastic common trends that are characterized by income and demographic structure.

Factors affecting forward pricing behaviour: implications of alternative regression model specifications

Directory of Open Access Journals (Sweden)

Henry Jordaan

2010-12-01

Full Text Available Price risk associated with maize production became a reason for concern in South Africa only after the deregulation of the agricultural commodities markets in the mid-1990s, when farmers became responsible for marketing their own crops. Although farmers can use, inter alia, the cash forward contracting and/or the derivatives market to manage price risk, few farmers actually participate in forward pricing. A similar reluctance to use forward pricing methods is also found internationally. A number of different model specifications have been used in previous research to model forward pricing behaviour which is based on the assumption that the same variables influence both the adoption and the quantity decision. This study compares the results from a model specification which models forward pricing behaviour in a single-decision framework with the results from modelling the quantity decision conditional to the adoption decision in a two-step approach. The results suggest that substantially more information is obtained by modelling forward pricing behaviour as two separate decisions rather than a single decision. Such information may be valuable in educational material compiled to educate farmers in the effective use of forward pricing methods in price risk management. Modelling forward pricing behaviour as two separate decisions  is thus a more effective means of modelling forward pricing behaviour than modelling it as a single decision.

Rational expectations and the effects of financial liberalization on price level and output

Directory of Open Access Journals (Sweden)

Rangan Gupta

2013-02-01

Full Text Available This paper develops a generalized short-term model of a small open financially repressed economy, characterized by unorganized money markets, intermediate goods imports, capital mobility, flexible exchange rates and rational expectations, to analyze the price- and output-effects of financial liberalization. The analysis shows that financial deregulation, in the form of increased rate of interest on deposits and higher cash reserve requirements, unambiguously and unconditionally reduces domestic price level, but fails to affect output. Moreover, the result does not depend on the degree of capital mobility. The paper recommends that a small open developing economy should deregulate interest rates and tighten monetary policy if reducing inflation is a priority. Such a policy, however, requires the establishment of a flexible exchange rate regime.

Annual report 1978

International Nuclear Information System (INIS)

1979-06-01

The activities of ECN in 1978 give first the general analysis of the Dutch energy economy carried out by the Energy Study Centre (ESC). Studies on energy modelling and energy conservation in buildings are briefly discussed

Referendum 1978 - Nuclear power plant ban Act 1978 - legal consequences

International Nuclear Information System (INIS)

Staudinger, F.

1981-10-01

This paper discusses the legal consequences of the 1978 Act banning nuclear power production. It provides a summary outline of the relevant rules of the Austrian Constitution and reviews the legal basis for the organisation of the national electricity system. (NEA) [fr

The impact of power market reforms on electricity price-cost margins and cross-subsidy levels: A cross country panel data analysis

International Nuclear Information System (INIS)

Erdogdu, Erkan

2011-01-01

One of the main expectations from power market reform has been a reduction in both price-cost margins and cross-subsidy levels between industrial and residential consumers. This paper focuses on this issue by looking at the impact of the electricity industry reforms on residential and industrial electricity price-cost margins and their effect on cross-subsidy levels between consumer groups. Using panel data for 63 developed and developing countries covering the period 1982-2009, empirical models are developed and analyzed. The research findings suggest that there is no uniform pattern for the impact of reform process as a whole on price-cost margins and cross-subsidy levels. Each individual reform step has different impact on price-cost margins and cross-subsidy levels for each consumer and country group. Our findings imply that reform steps have different impacts in different countries, which supports the idea reform prescription for a specific country cannot easily and successfully be transferred to another one. So, transferring the formal and economic structure of a successful power market in a developed country to developing countries is not a sufficient condition for good economic performance of the electricity industries in developing countries. Furthermore, the study suggests that power consumption, income level and country-specific features constitute other important determinants of electricity price-cost margins and cross-subsidy levels. - Research highlights: → The paper focuses on the impact of power market reforms on price-cost margins and cross-subsidy levels. → Using panel data for 63 countries for the period 1982-2009, empirical models are developed and analyzed. → We found that each individual reform step has different impact for each consumer and country group. → We conclude that reform prescription for a specific country cannot easily be transferred to another one.

Comparing the availability, price, variety and quality of fruits and vegetables across retail outlets and by area-level socio-economic position.

Science.gov (United States)

Millichamp, Anna; Gallegos, Danielle

2013-01-01

To explore whether area-level socio-economic position or the form of retail stream (conventional v. farmers' market) is associated with differences in the price, availability, variety and quality of a range of fresh fruit and vegetables. A multi-site cross-sectional pilot study of farmers' markets, supermarkets and independent fruit and vegetable retailers. Each was surveyed to assess the price, availability, variety and quality of fifteen fruit and eighteen vegetable items. Retail outlets were located in south-east Queensland. Fifteen retail outlets were surveyed (five of each retail stream). Average basket prices were not significantly different across the socio-economic spectrum, but prices in low socio-economic areas were cheapest. Availability, variety and quality did not differ significantly across levels of socio-economic position; however, the areas with the most socio-economic disadvantage scored poorest for quality and variety. Supermarkets had significantly better fruit and vegetable availability than farmers' markets, although price, variety and quality scores were not different across retail streams. Results demonstrate a trend to fruit and vegetable prices being more expensive at farmers' markets, with the price of the fruit basket being significantly greater at the organic farmers' market compared with the non-organic farmers' markets. Neither area-level socio-economic position nor the form of retail stream was significantly associated with differences in the availability, price, variety and quality of fruit and vegetables, except for availability which was higher in supermarkets than farmers' markets. Further research is needed to determine what role farmers' markets can play in affecting fruit and vegetable intake.

The analysis of SCS return momentum effects on the RCS water level during mid-loop operations

Energy Technology Data Exchange (ETDEWEB)

swang Seo, J.; Young Yang, J.; Tack Hwang, S. [Seoul National Univ. (Korea, Republic of)

1995-09-01

An accurate prediction of Reactor Coolant System (RCS) water levels is of importance in the determination of allowable operating range to ensure the safety during the mid-loop operations. However, complex hydraulic phenomena induced by Shutdown Cooling System (SCS) return momentum cause different water levels from those in the loop where the water level indicators are located. This was apparantly observed at the pre-core cold hydro test of the Younggwang Nuclear Unit 3 (YGN 3) in Korea. In this study, in order to analytically understand the effect of the SCS return momentum on the RCS water level and its general trend, a model using one-dimensional momentum equation, hydraulic jump, Bernoulli equation, flow resistance coefficient, and total water volume conservation has been developed to predict the RCS water levels at various RCS locations during the mid-loop conditions and the simulation results were compared with the test data. The analysis shows that the hydraulic jump in the operating cold legs in conjunction with the momentum loss throughout the RCS is the main cause creating the water level differences at various RCS locations. The prediction results provide good explanations for the test data and show the significant effect of the SCS return momentum on the RCS water levels.

The analysis of SCS return momentum effects on the RCS water level during mid-loop operations

International Nuclear Information System (INIS)

swang Seo, J.; Young Yang, J.; Tack Hwang, S.

1995-01-01

An accurate prediction of Reactor Coolant System (RCS) water levels is of importance in the determination of allowable operating range to ensure the safety during the mid-loop operations. However, complex hydraulic phenomena induced by Shutdown Cooling System (SCS) return momentum cause different water levels from those in the loop where the water level indicators are located. This was apparantly observed at the pre-core cold hydro test of the Younggwang Nuclear Unit 3 (YGN 3) in Korea. In this study, in order to analytically understand the effect of the SCS return momentum on the RCS water level and its general trend, a model using one-dimensional momentum equation, hydraulic jump, Bernoulli equation, flow resistance coefficient, and total water volume conservation has been developed to predict the RCS water levels at various RCS locations during the mid-loop conditions and the simulation results were compared with the test data. The analysis shows that the hydraulic jump in the operating cold legs in conjunction with the momentum loss throughout the RCS is the main cause creating the water level differences at various RCS locations. The prediction results provide good explanations for the test data and show the significant effect of the SCS return momentum on the RCS water levels

Price changes in the gasoline market: Are Midwestern gasoline prices downward sticky?

International Nuclear Information System (INIS)

1999-03-01

This report examines a recurring question about gasoline markets: why, especially in times of high price volatility, do retail gasoline prices seem to rise quickly but fall back more slowly? Do gasoline prices actually rise faster than they fall, or does this just appear to be the case because people tend to pay more attention to prices when they're rising? This question is more complex than it might appear to be initially, and it has been addressed by numerous analysts in government, academia and industry. The question is very important, because perceived problems with retail gasoline pricing have been used in arguments for government regulation of prices. The phenomenon of prices at different market levels tending to move differently relative to each other depending on direction is known as price asymmetry. This report summarizes the previous work on gasoline price asymmetry and provides a method for testing for asymmetry in a wide variety of situations. The major finding of this paper is that there is some amount of asymmetry and pattern asymmetry, especially at the retail level, in the Midwestern states that are the focus of the analysis. Nevertheless, both the amount asymmetry and pattern asymmetry are relatively small. In addition, much of the pattern asymmetry detected in this and previous studies could be a statistical artifact caused by the time lags between price changes at different points in the gasoline distribution system. In other words, retail gasoline prices do sometimes rise faster than they fall, but this is largely a lagged market response to an upward shock in the underlying wholesale gasoline or crude oil prices, followed by a return toward the previous baseline. After consistent time lags are factored out, most apparent asymmetry disappears

Environmental radioactivity in Greenland in 1978

International Nuclear Information System (INIS)

Aarkrog, A.; Hansen, H.; Lippert, J.

1979-07-01

Measurements of fallout radioactivity in Greenland in 1978 are reported. Strontium-90 (and Cesium-137 in most cases) was determined in samples of precipitation, sea water, vegetation, animals, and drinking water. Tritium was determined in samples of drinking water. Estimates are given of the mean contents of 90 Sr and 137 Cs in the human diet in Greenland in 1978. (author)

Domestic Price, (Expected) Foreign Price, and Travel Spending by Canadians in the United States

OpenAIRE

Jan Vilasuso; Fredric C. Menz

1998-01-01

In this paper, the authors develop and test a model to explain travel expenditures in the United States by Canadians. The model examines a consumer's choice problem where income is allocated between domestic and foreign consumption. Consumers do not know the foreign price level and base their spending in part on expected foreign price. In addition to expected foreign price, domestic price, exchange rates, income, and foreign price uncertainty influence travel spending. Empirically, each deter...

NRC antitrust licensing actions, 1978--1996

International Nuclear Information System (INIS)

Mayer, S.J.; Simpson, J.J.

1997-09-01

NUREG-0447, Antitrust Review of Nuclear Power Plants, was published in May 1978 and includes a compilation and discussion of U.S. Nuclear Regulatory Commission (NRC) proceedings and activity involving the NRC's competitive review program through February 1978, NUREG-0447 is an update of an earlier discussion of the NRC's antitrust review of nuclear power plants, NR-AIG-001, The US Nuclear Regulatory Commission's Antitrust Review of Nuclear Power Plants: The Conditioning of Licenses, which reviewed the Commission's antitrust review function from its inception in December 1970 through April 1976. This report summarizes the support provided to NRC staff in updating the compilation of the NRC's antitrust licensing review activities for commercial nuclear power plants that have occurred since February 1978. 4 refs., 4 tabs

Economics of National Waste Terminal Storage Spent Fuel Pricing Study

International Nuclear Information System (INIS)

1978-05-01

The methodology for equitably pricing commercial nuclear spent fuel management is developed, and the results of four sample calculations are presented. The spent fuel management program analyzed places encapsulated spent fuel in bedded salt while maintaining long-term retrievability. System design was reasonable but not optimum. When required, privately-owned Away From Reactor (AFR) storage is provided and the spent fuel placed in AFR storage is eventually transported to final storage. Applicable Research and Development and Government Overhead are included. The cost of each component by year was estimated from the most recent applicable data source available. These costs were input to the pricing methodology to establish a one-time charge whose present value exactly recovered the present value of the expenditure flow. The four cases exercised were combinations of a high and a low quantity of spent fuel managed, with a single repository (venture) or a multiple repository (campaign) approach to system financial structure. The price for spent fuel management calculated ranged from 116 to 152 dollars (1978) per kilogram charged initially to the reactor. The effect of spent fuel receiving rate on price is illustrated by the fact that the extremes of price did not coincide with the cases having the extremes of undiscounted cost. These prices for spent fuel management are comparable in magnitude to other fuel cycle costs. The range of variation is small because of compensating effects, i.e., additional costs for high early deliveries (AFR and transportation) versus lower present value of future revenue for later delivery cases. The methodology contains numerous conservative assumptions, provisions for contingencies, and covers the complete set of spent fuel management expenses

Progress report, 1978

International Nuclear Information System (INIS)

During the calendar year 1978 upgrading of the synchrocyclotron was completed and proton, deuteron and alpha beams were extensively used. Research continued into far-unstable nuclei, complex nuclear reaction and nuclear fission mechanisms, and positron tomography. (LL)

Price learning during grocery shopping

DEFF Research Database (Denmark)

Jensen, Birger Boutrup

Many attempts have been made to measure consumers' price knowledge for groceries. However, the results have varied considerably and conflict with results of reference price research. This is the first study to examine price knowledge before, during, and after store visit, thus enabling a study...... of what consumers learn about prices during grocery shopping. Three measures of price knowledge corresponding to different levels of price information processing were applied. Results indicate that price learning does take place and that episodic price knowledge after store exit is far more widespread...... than expected. Consequently, a new view of how consumer price knowledge evolves during grocery shopping is presented....

PRICES - PREREQUISITE OF MARKET DEVELOPMENT

Directory of Open Access Journals (Sweden)

VĂDUVA MARIA

2017-08-01

Full Text Available Prices are the key points of transfer and interactions. Balance means knowing the real demand and adapting thier supply at its level and structure. In studying the prices, the knowledge of economic content and the mechanism of their formation in exchange process is a crucial prerequisites to accomplish the transition from theoretical foundations to practical foundations of concrete modalities, of pricing techniques. If demand can assimilate the production of considered enterprises, then the manufacturer is concerned to determine that level of production for which will get maximum profit, profitability threshold, elasticity of supply compared with the price, to choose the best outlet. Price depends on the intersection of demand and supply

How propane supply and demand in North America affects prices in Alberta

International Nuclear Information System (INIS)

Hall, D.

2000-01-01

Total North American demand for propane in 1999 was estimated at 1,700 MBPD, of which 1,300 MBPD represents demand by the United States. World-wide demand is about 3,500 MBPD, Europe and the Mid East combined, and Asia, each accounting for 800 to 850 MBPD. The United States is able to supply about 1,000 MBPD of its own demand ; the rest comes from imports. Total imports make up about 12 per cent of the U.S. supply; in 1999 just over 80 per cent, or about 120 MBPD of the imported propane came from Canada. The volume of export from Canada to the United states is expected to rise to about 170 MBPD, or 86 per cent of the total domestic supply shortfall in 2000. Prices at Edmonton ranged between 35 cents per gallon in Jan 1997, to about 42 cents per gallon in January 2000; during much of this period (from July 1997 to July 1999) the price was below 30 cents per gallon and as low as about 15 cents per gallon in January 1999. The price differential between Edmonton and Conway (the receiving point in the United States) was an average of 6 cents (US) per gallon. Total U.S. propane inventories during the same period and propane inventories against heating degree days and Conway propane prices are also shown in graphic form. The various graphs illustrate that in general, the price of propane at any given time is heavily influenced by the price of crude oil, however, in the short term competing fuels, weather conditions and inventory levels also play a part in determining prices. With regard to the future, a bullish outlook envisages flat to current prices, whereas a bearish outlook forecasts lower prices due to softening of the world economy, high U.S. and Canadian inventories, and the possibility of another warm winter. 18 viewgraphs

Solar-geophysical data number 417, May 1979. Part II. Data for November 1978--October 1978 and miscellanea

International Nuclear Information System (INIS)

Coffey, H.E.

1979-05-01

This comprehensive report provides data for November 1978 on active regions, synoptic solar maps, solar flares, solar radio emission, energetic solar particles and plasma, and solar x-ray radiation. It also provides synoptic charts, abbreviated calendar record and regional flare index for October 1978. The miscellaneous data includes solar radio emission for January and February 1979 and cosmic rays for February 1979

Steel: Price and Policy Issues

National Research Council Canada - National Science Library

Cooney, Stephen

2006-01-01

Steel prices remain at historically elevated levels. The rapid growth of steel production and demand in China is widely considered as a major cause of the increases in both steel prices and the prices of steelmaking inputs...

Expectations, learning, and the changing relationship between oil prices and the macroeconomy

Energy Technology Data Exchange (ETDEWEB)

Milani, Fabio [Department of Economics, 3151 Social Science Plaza, University of California, Irvine, CA 92697-5100 (United States)

2009-11-15

This paper estimates a structural general equilibrium model to investigate the changing relationship between the oil price and macroeconomic variables. The oil price, through the role of oil in production and consumption, affects aggregate demand and supply in the model. The assumption of rational expectations is relaxed in favor of learning. Oil prices, therefore, affect the economy through an additional channel, i.e. through their effect on the formation of agents' beliefs. The estimated learning dynamics indicates that economic agents' perceptions about the effects of oil prices on the economy have changed over time: oil prices were perceived to have large effects on output and inflation in the 1970s, but only milder effects after the mid-1980s. Since expectations play a large role in the determination of output and inflation, the effects of oil price increases on expectations can magnify the response of macroeconomic variables to oil price shocks. In the estimated model, in fact, the implied responses of output and inflation to oil price shocks were much more pronounced in the 1970s than in 2008. Therefore, through the time variation in the impact of oil prices on beliefs, the paper can successfully explain the observed weakening of the effects of oil price shocks on real activity and inflation. (author)

Expectations, learning, and the changing relationship between oil prices and the macroeconomy

International Nuclear Information System (INIS)

Milani, Fabio

2009-01-01

This paper estimates a structural general equilibrium model to investigate the changing relationship between the oil price and macroeconomic variables. The oil price, through the role of oil in production and consumption, affects aggregate demand and supply in the model. The assumption of rational expectations is relaxed in favor of learning. Oil prices, therefore, affect the economy through an additional channel, i.e. through their effect on the formation of agents' beliefs. The estimated learning dynamics indicates that economic agents' perceptions about the effects of oil prices on the economy have changed over time: oil prices were perceived to have large effects on output and inflation in the 1970s, but only milder effects after the mid-1980s. Since expectations play a large role in the determination of output and inflation, the effects of oil price increases on expectations can magnify the response of macroeconomic variables to oil price shocks. In the estimated model, in fact, the implied responses of output and inflation to oil price shocks were much more pronounced in the 1970s than in 2008. Therefore, through the time variation in the impact of oil prices on beliefs, the paper can successfully explain the observed weakening of the effects of oil price shocks on real activity and inflation. (author)

A Mid-Holocene Relative Sea-Level Stack, New Jersey, USA

Science.gov (United States)

Horton, B.; Walker, J. S.; Kemp, A.; Shaw, T. J.; Kopp, R. E.

2017-12-01

Most high resolution (decimeter- and decadal-scale) relative sea-level (RSL) records using salt-marsh microfossils as a proxy only extend through the Common Era, limiting our understanding of driving mechanisms of RSL change and how sea-level is influenced by changing climate. Records beyond the Common Era are limited by the depth of continuous sequences of salt-marsh peat suitable for high resolution reconstructions, as well as contamination by local processes such as sediment compaction. In contrast, sequences of basal peats have produced compaction-free RSL records through the Holocene, but at a low resolution (meter- and centennial-scale). We devise a new Multi-Proxy Presence/Absence Method (MP2AM) to develop a mid-Holocene RSL stack. We stack a series of 1 m basal peat cores that overlap along a uniform elevational gradient above an incompressible basal sand. We analyzed three sea-level indicators from 14 cores: foraminifera, testate amoebae, and stable carbon isotope geochemistry. To reconstruct RSL, this multi-proxy approach uses the timesaving presence/absence of forams and testates to determine the elevation of the highest occurrence of forams and the lowest occurrence of testates in each basal core. We use stable carbon isotope geochemistry to determine the C3/C4 vegetation boundary in each core. We develop age-depth models for each core using a series of radiocarbon dates. The RSL records from each 1 m basal core are combined to create a stack or, in effect, one long core of salt-marsh material. This method removes the issue of compaction to create a continuous RSL record to address temporal changes and periods of climate and sea-level variability. We reconstruct a southern NJ mid-Holocene RSL record from Edwin B. Forsythe National Wildlife Refuge, where Kemp et al. (2013) completed a 2500 yr RSL record using a foraminifera-based transfer function approach. Preliminary radiocarbon dates suggest the basal sequence is at least 4246-4408 cal yrs BP

PRICE AND PRICING STRATEGIES

OpenAIRE

SUCIU Titus

2013-01-01

In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

NRC antitrust licensing actions, 1978--1996

Energy Technology Data Exchange (ETDEWEB)

Mayer, S.J.; Simpson, J.J.

1997-09-01

NUREG-0447, Antitrust Review of Nuclear Power Plants, was published in May 1978 and includes a compilation and discussion of U.S. Nuclear Regulatory Commission (NRC) proceedings and activity involving the NRC`s competitive review program through February 1978, NUREG-0447 is an update of an earlier discussion of the NRC`s antitrust review of nuclear power plants, NR-AIG-001, The US Nuclear Regulatory Commission`s Antitrust Review of Nuclear Power Plants: The Conditioning of Licenses, which reviewed the Commission`s antitrust review function from its inception in December 1970 through April 1976. This report summarizes the support provided to NRC staff in updating the compilation of the NRC`s antitrust licensing review activities for commercial nuclear power plants that have occurred since February 1978. 4 refs., 4 tabs.

Energy prices, technological knowledge and green energy innovation. A dynamic panel analysis of patent counts

International Nuclear Information System (INIS)

Kruse, Juergen; Wetzel, Heike; Koeln Univ.

2014-01-01

We examine the effect of energy prices and technological knowledge on innovation in green energy technologies. In doing so, we consider both demand-pull effects, which induce innovative activity by increasing the expected value of innovations, and technology-push effects, which drive innovative activity by extending the technological capability of an economy. Our analysis is conducted using patent data from the European Patent Office on a panel of 26 OECD countries over the period 1978-2009. Utilizing a dynamic count data model for panel data, we analyze 11 distinct green energy technologies. Our results indicate that the existing knowledge stock is a significant driver of green energy innovation for all technologies. Furthermore, the results suggest that energy prices have a positive impact on innovation for some but not all technologies and that the e.ect of energy prices and technological knowledge on green energy innovation becomes more pronounced after the Kyoto protocol agreement in 1997.

FPGA-based multimodal embedded sensor system integrating low- and mid-level vision.

Science.gov (United States)

Botella, Guillermo; Martín H, José Antonio; Santos, Matilde; Meyer-Baese, Uwe

2011-01-01

Motion estimation is a low-level vision task that is especially relevant due to its wide range of applications in the real world. Many of the best motion estimation algorithms include some of the features that are found in mammalians, which would demand huge computational resources and therefore are not usually available in real-time. In this paper we present a novel bioinspired sensor based on the synergy between optical flow and orthogonal variant moments. The bioinspired sensor has been designed for Very Large Scale Integration (VLSI) using properties of the mammalian cortical motion pathway. This sensor combines low-level primitives (optical flow and image moments) in order to produce a mid-level vision abstraction layer. The results are described trough experiments showing the validity of the proposed system and an analysis of the computational resources and performance of the applied algorithms.

Gas prices: realities and probabilities

International Nuclear Information System (INIS)

Broadfoot, M.

2000-01-01

An assessment of price trends suggests continuing rise in 2001, with some easing of upward price movement in 2002 and 2003. Storage levels as of Nov. 1, 2000 are expected to be at 2.77 Tcf, but if the winter of 2000/2001 proves to be more severe than usual, inventory levels could sink as low as 500 Bcf by April 1, 2001. With increasing demand for natural gas for non-utility electric power generation the major challenge will be to achieve significant supply growth, which means increased developmental drilling and inventory draw-downs, as well as more exploratory drilling in deepwater and frontier regions. Absence of a significant supply response by next summer will affect both growth in demand and in price levels, and the increased demand for electric generation in the summer will create a flatter consumption profile, erasing the traditional summer/winter spread in consumption, further intensifying price volatility. Managing price fluctuations is the second biggest challenge (after potential supply problems) facing the industry

Negative price-image effects of appealing store architecture

DEFF Research Database (Denmark)

Zielke, Stephan; Toporowski, Waldemar

2012-01-01

Retailers often worry about the negative effects of appealing exterior architecture on their store's price image, especially the price-level perception and the ease of price evaluation. Findings from prior laboratory experiments support these concerns, while field studies find no such effects. Th....... The availability of price information neutralizes the negative effects of appealing architecture on the price-level perception, but not on the ease of price evaluation....

Imperfect price-reversibility of US gasoline demand: Asymmetric responses to price increases and declines

International Nuclear Information System (INIS)

Gately, D.

1992-01-01

This paper describes a framework for analyzing the imperfect price-reversibility (hysteresis) of oil demand. The oil demand reductions following the oil price increases of the 1970s will not be completely reversed by the price cuts of the 1980s, nor is it necessarily true that these partial demand reversals themselves will be reversed exactly by future price increases. The author decomposes price into three monotonic series: price increases to maximum historic levels, price cuts, and price recoveries (increases below historic highs). He would expect that the response to price cuts would be no greater than to price recoveries, which in turn would be no greater than for increases in maximum historic price. For evidence of imperfect price-reversibility, he tests econometrically the following US data: vehicle miles per driver, the fuel efficiency of the automobile fleet, and gasoline demand per driver. In each case, the econometric results allow him to reject the hypothesis of perfect price-reversibility. The data show smaller response to price cuts than to price increases. This has dramatic implications for projections of gasoline and oil demand, especially under low-price assumptions. 26 refs., 13 figs., 3 tabs

Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything?—New evidence

International Nuclear Information System (INIS)

Koch, Nicolas; Fuss, Sabine; Grosjean, Godefroy; Edenhofer, Ottmar

2014-01-01

The price of EU allowances (EUAs) in the EU Emissions Trading Scheme (EU ETS) fell from almost 30€/tCO 2 in mid-2008 to less than 5€/tCO 2 in mid-2013. The sharp and persistent price decline has sparked intense debates both in academia and among policy-makers about the decisive allowance price drivers. In this paper we examine whether and to what extent the EUA price drop can be justified by three commonly identified explanatory factors: the economic recession, renewable policies and the use of international credits. Capitalizing on marginal abatement cost theory and a broadly extended data set, we find that only variations in economic activity and the growth of wind and solar electricity production are robustly explaining EUA price dynamics. Contrary to simulation-based analyses, our results point to moderate interaction effects between the overlapping EU ETS and renewable policies. The bottom line, however, is that 90% of the variations of EUA price changes remains unexplained by the abatement-related fundamentals. Together, our findings do not support the widely-held view that negative demand shocks are the main cause of the weak carbon price signal. In view of the new evidence, we evaluate the EU ETS reform options which are currently discussed. - Highlights: • We examine whether abatement-related fundamentals justify the EU ETS price drop. • 90% of the variations of EUA price changes remain unexplained. • Variations in economic activity are robustly explaining EUA price dynamics. • Price impact of renewable deployment and international credit use remains moderate. • Reform options are evaluated in the light of the new findings

Prices and Price Setting

NARCIS (Netherlands)

R.P. Faber (Riemer)

2010-01-01

textabstractThis thesis studies price data and tries to unravel the underlying economic processes of why firms have chosen these prices. It focuses on three aspects of price setting. First, it studies whether the existence of a suggested price has a coordinating effect on the prices of firms.

Canadian natural gas price forecast

International Nuclear Information System (INIS)

Jones, D.

1998-01-01

The basic factors that influenced NYMEX gas prices during the winter of 1997/1998 - warm temperatures, low fuel prices, new production in the Gulf of Mexico, and the fact that forecasters had predicted a mild spring due to El Nino - were reviewed. However, it was noted that for the last 18 months the basic factors had less of an impact on market direction because of an increase in Fund and technical trader participation. Overall, gas prices were strong through most of the year. For the winter of 1998-1999 the prediction was that NYMEX gas prices will remain below $2.00 through to the end of October 1998 because of high U.S. storage levels and moderate temperatures. NYMEX gas prices are expected to peak in January 1999 at $3.25. AECO natural gas prices were predicted to decrease in the short term because of increasing levels of Canadian storage, and because of delays in Northern Border pipeline expansions. It was also predicted that AECO prices will peak in January 1999 and will remain relatively strong through the summer of 1999. tabs., figs

Powertrain Component Inspection from Mid-Level Blends Vehicle Aging Study

Energy Technology Data Exchange (ETDEWEB)

Shoffner, Brent [Southwest Research Institute, San Antonio; Johnson, Ryan [Southwest Research Institute, San Antonio; Heimrich, Martin J. [Southwest Research Institute, San Antonio; Lochte, Michael [Southwest Research Institute, San Antonio

2010-11-01

The Energy Independence and Security Act of 2007 calls on the nation to significantly increase its use of renewable fuels to meet its transportation energy needs. The law expands the renewable fuel standard to require use of 36 billion gallons of renewable fuel by 2022. Given that ethanol is the most widely used renewable fuel in the U.S. market, ethanol will likely make up a significant portion of the 36-billion-gallon requirement. The vast majority of ethanol used in the United States is blended with gasoline to create E10-gasoline with up to 10% ethanol. The remaining ethanol is sold in the form of E85 - a gasoline blend with as much as 85% ethanol that can only be used in flexible-fuel vehicles (FFVs). Consumption of E85 is at present limited by both the size of the FFV fleet and the number of E85 fueling stations. Gasoline consumption in the United States is currently about 140 billion gallons per year; thus the maximum use of ethanol as E10 is only about 14 billion gallons. While the U.S. Department of Energy (DOE) remains committed to expanding the E85 infrastructure, that market represented less than 1% of the ethanol consumed in 2010 and will not be able to absorb projected volumes of ethanol in the near term. Because of these factors, DOE and others have been assessing the viability of using mid-level ethanol blends (E15 or E20) as a way to accommodate growing volumes of ethanol. The DOE Mid-Level Ethanol Blends Test Program has been under way since 2007, supported jointly by the Office of the Biomass Program and the Vehicle Technologies Program. One of the larger projects, the Catalyst Durability Study, or Vehicle Aging Study, will be completed early in calendar year 2011. The following report describes a subproject of the Vehicle Aging Study in which powertrain components from 18 of the vehicles were examined at Southwest Research Institute under contract to Oak Ridge National Laboratory (ORNL).

Port pricing : principles, structure and models

OpenAIRE

Meersman, Hilde; Strandenes, Siri Pettersen; Van de Voorde, Eddy

2014-01-01

Price level and price transparency are input to shippers’ choice of supply chain and transport mode. In this paper, we analyse current port pricing structures in the light of the pricing literature and consider opportunities for improvement. We present a detailed overview of pricing criteria, who sets prices and who ultimately foots the bill for port-of-call charges, cargo-handling fees and congestion charges. Current port pricing practice is based on a rather linear structure and fails to in...

PRICES IN COMPETITIVE SYSTEM

Directory of Open Access Journals (Sweden)

VADUVA MARIA

2017-08-01

Full Text Available Regularities of competitive market determine rules for determining prices and their dynamics. Orientation prices to competition (competitive pricing is the strategy most frequently used in countries with market economies and especially for exports. Moreover, in an economy dominated by market competition it cannot be ignored without certain risks the prices resulting from competition between products bidders. Companies that use this type of strategy seek to maintain a level of prices linked to that charged by other competitors (or exporting producers generally no longer covering production costs or demand, relying on the assumption that the average market price is a reasonable basis of costs. But the way how practical guidance and reporting to the competition in every price strategy, will be determined by the company's market position, by the available power and enjoyed prestige, objectives and prospects of its market share etc. according to these elements, there may be several versions of pricing strategies oriented to competitors.

Phosphate rock costs, prices and resources interaction.

Science.gov (United States)

Mew, M C

2016-01-15

This article gives the author's views and opinions as someone who has spent his working life analyzing the international phosphate sector as an independent consultant. His career spanned two price hike events in the mid-1970's and in 2008, both of which sparked considerable popular and academic interest concerning adequacy of phosphate rock resources, the impact of rising mining costs and the ability of mankind to feed future populations. An analysis of phosphate rock production costs derived from two major industry studies performed in 1983 and 2013 shows that in nominal terms, global average cash production costs increased by 27% to $38 per tonne fob mine in the 30 year period. In real terms, the global average cost of production has fallen. Despite the lack of upward pressure from increasing costs, phosphate rock market prices have shown two major spikes in the 30 years to 2013, with periods of less volatility in between. These price spike events can be seen to be related to the escalating investment cost required by new mine capacity, and as such can be expected to be repeated in future. As such, phosphate rock price volatility is likely to have more impact on food prices than rising phosphate rock production costs. However, as mining costs rise, recycling of P will also become increasingly driven by economics rather than legislation. Copyright © 2015 Elsevier B.V. All rights reserved.

The Effective Practices and Beliefs of School Principals in High Achieving Hispanic Majority Mid-Level Schools

Science.gov (United States)

Briseno, Johnny

2010-01-01

This qualitative phenomenological research study used narrative inquiry to investigate the effective practices and beliefs of 10 Texas principals in high achieving majority Hispanic mid-level schools. Participant interviews were analyzed using the Creswell (2007) six step method for analyzing phenomenological studies. Findings from this study…

The Spanish gasoline market: From ceiling regulation to open market pricing

International Nuclear Information System (INIS)

Contin, I.; Correlje, A.; Huerta, E.

1999-01-01

This paper examines the evolution of the Spanish gasoline market from the abolition of the state oil monopoly (January 1993) to complete liberalization (October 1998). With the restructuring of the Spanish oil sector during the 1980s and early 1990s, a highly concentrated oligopoly emerged in the automotive fuels market. A system of price ceilings replaced the state administered prices in July 1990. Since then, new domestic and foreign operators have entered the market, particularly along the coast, near import terminals. Prices went up and then declined. These developments can be explained by an interplay of factors such as: the gradual decline in co-operation among the Spanish firms; the loss of market share of the largest of these, Repsol; the entry of independent operators and supermarkets; and the impact of the ceiling price system. By mid-1998 this system was abolished as the government considered it an impediment to further market liberalization. However, some crucial barriers to the entry of new suppliers remain

Near-term oil prices

International Nuclear Information System (INIS)

Lynch, M.C.

2001-01-01

This PowerPoint presentation included 36 slides that described the state of oil prices and how to predict them. Prices are random, stochastic, chaotic, mean-reverting and driven by speculators, oil companies and OPEC. The many factors that enable price forecasting are economic growth, weather, industry behaviour, speculators, OPEC policy choices, Mexico/Russia production policy, non-OPEC supply and the interpretation of the above factors by OPEC, speculators, traders and the petroleum industry. Several graphs were included depicting such things as WTI price forecasts, differentials, oil market change in 2001, inventory levels, and WTI backwardation. The presentation provided some explanations for price uncertainties, price surges and collapses. U.S. GDP growth and the volatility of Iraq's production was also depicted. The author predicted that economic growth will occur and that oil demand will go up. Oil prices will fluctuate as the Middle East will be politically unstable and weather will be a major factor that will influence oil prices. The prices are likely to be more volatile than in the 1986 to 1995 period. 2 tabs., 22 figs

Minutes of the WG.2 meeting, 18 October 1978

International Nuclear Information System (INIS)

1978-10-01

The meeting of WG.2B on 18 October 1978 and the meeting of WG.2 on 18-19 October 1978 are summarized. Both meetings gave attention to the projection of enrichment capacities through the year 2000 and to the content of the final report. An appendix presents French views on the proliferation risks of uranium enrichment. Obtaining highly enriched uranium involves the availability of natural uranium and the mastership of an appropriate enrichment technique. Natural uranium is relatively easily available, so proliferation resistance must be found in the enrichment technique. Some difficulties noted are: Bringing the technique to the level of possible utilization, manufacturing enrichment plant components, starting up, operating, concealing a clandestine plant, and converting an existing LEU plant into a HEU plant by re-arrangement or by batch recycling. A qualitative assessment of the major technologies in terms of these criteria is given

Paying the full price of steel – Perspectives on the cost of reducing carbon dioxide emissions from the steel industry

International Nuclear Information System (INIS)

Rootzén, Johan; Johnsson, Filip

2016-01-01

This study examines the impacts felt downstream of carbon pricing and investments made in CO_2 abatement within the steel industry. Using the supply of steel to a passenger car as a case study, the effects of a steel price increase on cost structures and price at each step of the supply chain were assessed. Since the prices of emission allowances under the European Union Emissions Trading System fall well below those required to unlock investments in low-CO_2 production processes in the integrated steelmaking industry this paper seeks to pave the way for a discussion on complementary policy options. The results of the analysis suggest that passing on the compliance costs of the steel industry would have only marginal impacts on costs and prices for the end-use sectors (e.g., on the production cost or selling price of the passenger car). Under the assumptions made herein, at a carbon price of 100 €/tCO_2, the retail price of a mid-sized European passenger car would have to be increased by approximately 100–125 €/car (<0.5%) to cover the projected increases in steel production costs. - Highlights: • Examines impacts downstream of investments in CO_2 abatement in the steel industry. • Show how investing in low-CO_2 processes have marginal impacts in end-user stage. • Increase in the retail price of a mid-sized passenger car would be well below 1%. • Open up for complementary policies, financing mechanisms or new business models.

A Reconsideration of Full-Cost Pricing

OpenAIRE

Nubbemeyer, Elmar

2010-01-01

The wide use of full-cost pricing techniques remains an explanandum in both economics and management accounting theory. This work surveys and develops possible theoretical explanations of this industrial pricing behaviour and analyses some of its implications. By recognition of the widespread use of imperfect cost-plus pricing heuristics, observable pricing behaviour, as well as empirical market-level phenomena, can be explained. Furthermore, methodological aspects of marginalist price the...

7 CFR 1000.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing... advanced pricing factors. Class prices per hundredweight of milk containing 3.5 percent butterfat, component prices, and advanced pricing factors shall be as follows. The prices and pricing factors described...

Operational accidents and radiation exposures at DOE facilities. Fiscal year 1978

International Nuclear Information System (INIS)

1978-01-01

Comprehensive safety programs are maintained at DOE facilities in order to protect both personnel and property from accidents. To ensure compliance with safety standards and regulations and maximize effectiveness of the safety programs, an extensive inspection and appraisal program is conducted at the contractor and field office levels by both DOE field and Headquarters safety personnel. When accidents do occur, investigations are conducted to identify causes and determine managerial or safety actions needed to prevent similar occurrences. DOE safety requirements include the reporting of personnel injury, property and motor vehicle losses on a quarterly basis, and radiation doses on an annual basis. The radiation dose data for CY 1978 are presented and reviewed in this report. All other data in this report are for FY 1978

Stock price prediction using geometric Brownian motion

Science.gov (United States)

Farida Agustini, W.; Restu Affianti, Ika; Putri, Endah RM

2018-03-01

Geometric Brownian motion is a mathematical model for predicting the future price of stock. The phase that done before stock price prediction is determine stock expected price formulation and determine the confidence level of 95%. On stock price prediction using geometric Brownian Motion model, the algorithm starts from calculating the value of return, followed by estimating value of volatility and drift, obtain the stock price forecast, calculating the forecast MAPE, calculating the stock expected price and calculating the confidence level of 95%. Based on the research, the output analysis shows that geometric Brownian motion model is the prediction technique with high rate of accuracy. It is proven with forecast MAPE value ≤ 20%.

Information pricing based on trusted system

Science.gov (United States)

Liu, Zehua; Zhang, Nan; Han, Hongfeng

2018-05-01

Personal information has become a valuable commodity in today's society. So our goal aims to develop a price point and a pricing system to be realistic. First of all, we improve the existing BLP system to prevent cascading incidents, design a 7-layer model. Through the cost of encryption in each layer, we develop PI price points. Besides, we use association rules mining algorithms in data mining algorithms to calculate the importance of information in order to optimize informational hierarchies of different attribute types when located within a multi-level trusted system. Finally, we use normal distribution model to predict encryption level distribution for users in different classes and then calculate information prices through a linear programming model with the help of encryption level distribution above.

Ciclo de greves, transição política e estabilização: Brasil, 1978-2007 Cycle of strikes, political transition and stabilization: Brazil, 1978-2007

Directory of Open Access Journals (Sweden)

Eduardo G. Noronha

2009-01-01

Full Text Available Este artigo analisa o início, o apogeu e o declínio de um ciclo de greves sem precedentes na história brasileira devido às suas características e intensidade, tendo atingido entre 1985 e 1992 um dos maiores níveis de paralisações da história dos países ocidentais. Por meio de estatísticas atualizadas, analisa-se o primeiro grande ciclo de greves no Brasil (1978-1997 em todas as suas fases, incluindo a de normalização das greves (1998-2007, durante o segundo mandato de Fernando Henrique Cardoso e mantida nos governos de Luiz Inácio Lula da Silva. Neste estudo, argumenta-se que a natureza do ciclo esteve, acima de tudo, vinculada às etapas da transição para urbanização a democracia e às mudanças socioeconômicas derivadas dos processos de industrialização. A variação no volume de conflitos esteve também associada a variáveis econômicas (especialmente a inflação, mas de forma secundária. Nos últimos 30 anos, a inclusão de diversos segmentos sociais no âmbito da esfera política, em sentido lato, redesenhou o mapa dos "incluídos". Esse processo começou com a liberalização política em meados dos anos de 1970, foi reforçado pelas primeiras greves no ABC paulista em 1978 e teve continuidade pelas mais diversas formas de transformação do Estado nos vários governos subsequentes, de Sarney a Lula.The article analyzes the beginning, peak and decline of a cycle of strikes in Brazil which can be considered as the most important one in the country's history due to its characteristics and intensity, reaching one of the highest levels compared to other western countries between 1985 and 1992. The cycle of strikes (1978-1997 is examined in all its phases, as well as the following period of strikes normalization (1998-2007 during the governments of Fernando Henrique Cardoso and Luiz Inácio Lula da Silva. The nature of this cycle is clearly linked to the steps of the political liberalization and transition to democracy

Prospects for oil prices

International Nuclear Information System (INIS)

Caddy, P.

1992-01-01

It is argued that the wave in oil prices which occurred in 1991, although appearing to suggest price instability, in fact shows the opposite. Steady oscillation between a low price level that leads to new customers and a high price that encourages customers to switch to alternatives is a sign of a stable market. This relative stability was achieved against the background of the political upheaval in the USSR and Eastern Europe and its unpredictable consequences. Such political uncertainties to one side, the difficulties of assessing demand trends in the light of the imponderables of the state of the world economy and the weather are stressed. Despite these problems, the view is expressed that correct reading of signals up the supply chain by producers should ensure continued relative price stability. This is not to say that prices will stay exactly the same, just that they will be bound within a trading range set by anticipated consumer and producer responses to the fluctuating prices. (UK)

The impact of city-level permitting processes on residential photovoltaic installation prices and development times: An empirical analysis of solar systems in California cities

International Nuclear Information System (INIS)

Dong, Changgui; Wiser, Ryan

2013-01-01

With “soft” costs accounting for well over 50% of the installed price of residential photovoltaic (PV) systems in the United States, this study evaluates the effect of city-level permitting processes on the installed price of residential PV systems and on the time required to develop those systems. The study uses a unique dataset from the U.S. Department of Energy's Rooftop Solar Challenge Program, which includes city-level permitting process “scores,” plus data from the California Solar Initiative and the U.S. Census. Econometric methods are used to quantify the price and development-time effects of city-level permitting processes on more than 3000 PV installations across 44 California cities in 2011. Results suggest that cities with the most favorable permitting practices can reduce average residential PV prices by $0.27–$0.77/W (4–12% of median PV prices in California) compared with cities with the most onerous permitting practices, depending on the regression model used. Though the empirical models for development times are less robust, results suggest that the most streamlined permitting practices may shorten development times by around 24 days on average (25% of the median development time). These findings illustrate the potential price and development-time benefits of streamlining local permitting procedures for PV systems. - Highlights: • The study uses a unique dataset from the U.S. DOE's Rooftop Solar Challenge Program. • We quantify the price and development-time effects of city-level permitting processes. • Most favorable permitting practices can reduce average residential PV prices by $0.27–$0.77/W

Residential Photovoltaic Energy Systems in California: The Effect on Home Sales Prices

Energy Technology Data Exchange (ETDEWEB)

Hoen, Ben; Wiser, Ryan; Thayer, Mark; Cappers, Peter

2012-04-15

Relatively little research exists estimating the marginal impacts of photovoltaic (PV) energy systems on home sale prices. Using a large dataset of California homes that sold from 2000 through mid-2009, we find strong evidence, despite a variety of robustness checks, that existing homes with PV systems sold for a premium over comparable homes without PV systems, implying a near full return on investment. Premiums for new homes are found to be considerably lower than those for existing homes, implying, potentially, a tradeoff between price and sales velocity. The results have significant implications for homeowners, builders, appraisers, lenders, and policymakers.

Dynamic Management of NOx and SO2 Emissions in the Texas and Mid-Atlantic Electric Power Systems and Implications for Air Quality.

Science.gov (United States)

McDonald-Buller, Elena; Kimura, Yosuke; Craig, Michael; McGaughey, Gary; Allen, David; Webster, Mort

2016-02-02

Cap and trade programs have historically been designed to achieve annual or seasonal reductions in emissions of nitrogen oxides and sulfur dioxide from power plants. Emissions reductions may not be temporally coincident with meteorological conditions conducive to the formation of peak ozone and fine particulate matter concentrations. Integrated power system and air quality modeling methods were developed to evaluate time-differentiated emissions price signals on high ozone days in the Mid-Atlantic portion of the Pennsylvania-New Jersey-Maryland (PJM) Interconnection and Electric Reliability Council of Texas (ERCOT) grids. Sufficient flexibility exists in the two grids with marked differences in demand and fuel generation mix to accommodate time-differentiated emissions pricing alone or in combination with a season-wide program. System-wide emissions reductions and production costs from time-differentiated pricing are shown to be competitive with those of a season-wide program on high ozone days and would be more cost-effective if the primary policy goal was to target emissions reductions on these days. Time-differentiated pricing layered as a complement to the Cross-State Air Pollution Rule had particularly pronounced benefits for the Mid-Atlantic PJM system that relies heavily on coal-fired generation. Time-differentiated pricing aimed at reducing ozone concentrations had particulate matter reduction co-benefits, but if particulate matter reductions are the primary objective, other approaches to time-differentiated pricing may lead to greater benefits.

Potential for shoreline changes due to sea-level rise along the U.S. mid-Atlantic region

Science.gov (United States)

Gutierrez, Benjamin T.; Williams, S. Jeffress; Thieler, E. Robert

2007-01-01

Sea-level rise over the next century is expected to contribute significantly to physical changes along open-ocean shorelines. Predicting the form and magnitude of coastal changes is important for understanding the impacts to humans and the environment. Presently, the ability to predict coastal changes is limited by the scientific understanding of the many variables and processes involved in coastal change, and the lack of consensus regarding the validity of existing conceptual, analytical, or numerical models. In order to assess potential future coastal changes in the mid-Atlantic U.S. for the U.S. Climate Change Science Program (CCSP), a workshop was convened by the U.S. Geological Survey. Assessments of future coastal change were made by a committee of coastal scientists with extensive professional experience in the mid-Atlantic region. Thirteen scientists convened for a two-day meeting to exchange information and develop a consensus opinion on potential future coastal changes for the mid-Atlantic coast in response to sea-level rise. Using criteria defined in past work, the mid-Atlantic coast was divided into four geomorphic compartments: spits, headlands, wave-dominated barriers, and mixed-energy barriers. A range of potential coastal responses was identified for each compartment based on four sea-level rise scenarios. The four scenarios were based on the assumptions that: a) the long-term sea-level rise rate observed over the 20th century would persist over the 21st century, b) the 20th century rate would increase by 2 mm/yr, c) the 20th century rate would increase by 7 mm/yr, or d) sea-level would rise by 2 m over the next few hundred years. Potential responses to these sea-level rise scenarios depend on the landforms that occur within a region and include increased likelihood for erosion and shoreline retreat for all coastal types, increased likelihood for erosion, overwash and inlet breaching for barrier islands, as well as the possibility of a threshold

KBS Technical report 1-120 (1977-1978). Summaries

International Nuclear Information System (INIS)

1979-05-01

The Swedish nuclear utilities started early in 1977 the KBS (nuclear fuel safety) project to study the high level waste problem and report on how and where a safe final storage could be arranged in Sweden. The docummentation produced by the project during 1977 and 1978 has been collected in a series of technical reports numbered from 1 to 120. The English summaries of the technical reports have been collected in this separate volume, No. 121. (G.B.)

Reduction of regional disparities in electric power prices by spatially effective measures and planning in the Federal Republic of Germany

Energy Technology Data Exchange (ETDEWEB)

Wagner, G

1984-01-01

For a long time energy policy has been trying to reduce disparities in electric power prices by administrative and financial measures alone. Governmental planning was opening up new prospects when long-range fuel transport - and in particular the transport of hard coal by ship or by rail - was seeing a drop in prices in the mid seventies. Since fuel transport has been lower-priced than the transport of equivalent quantities of electric power, regional disparities in electric power prices which are due to the respective supply structures may be levelled by way of power plant site selection and power plant installation according to the specific regional loads. A decentralized expansion of power generation within reach of the consumer requires but a minimum of wiring. Structural price disparities are reduced in particular in regions importing electric power at excessive prices. In addition, costs may be saved by rational energy utilization consisting above all in the application of dual-purpose power plants and by the rationalization of network infrastuctures. The study abstracted is part of a research project of the Federal Research Institute for Land Studies and Planning. The project is dealing with concepts of decentralized electric power supply and space heating. It adds to already existing related studies which deal above all with the basic problems of scheduling and planning the contents and inner structure of decentralized energy concepts.

Progress report 1978

International Nuclear Information System (INIS)

1979-01-01

The Studsvik Science Research Laboratory herewith presents its progress report for 1978. The report summarizes the current projects carried out by the research groups working at the laboratory. Projects within the following fields are presented: neutron physics, neutron absorption and scattering, radiation chemistry, radiation damage studies, radioactivity and theoretical studies of condensed matter. (E.R.)

The Harm Principle as a Mid-level Principle? Three Problems from the Context of Infectious Disease Control

NARCIS (Netherlands)

Krom, A.

2011-01-01

Effective infectious disease control may require states to restrict the liberty of individuals. Since preventing harm to others is almost universally accepted as a legitimate (prima facie) reason for restricting the liberty of individuals, it seems plausible to employ a mid-level harm principle in

Effects of SO2 emission regulations and fuel prices on levellized energy costs for industrial steam generation options

International Nuclear Information System (INIS)

Ozdogan, Sibel; Arikol, Mahir

1992-01-01

We discuss the impacts of SO 2 emission regulations and fuel prices on levellized energy costs of industrial steam generation options. A computer model called INDUSTEAM has been utilized. The steam-supply options comprise conventional grate-firing, bubbling and circulating fluidized beds, fuel-oil, and natural-gas-fired systems. Fuels of different SO 2 pollution potential have been evaluated assuming six environmental scenarios and varying fuel prices. A capacity range of 10-90 MW th is covered. (author)

Electric Cars and Oil Prices

OpenAIRE

Azar, Jose

2009-01-01

This paper studies the joint dynamics of oil prices and interest in electric cars, measured as the volume of Google searches for related phrases. Not surprisingly, I find that oil price shocks predict increases in Google searches for electric cars. Much more surprisingly, I also find that an increase in Google searches predicts declines in oil prices. The high level of public interest in electric cars between April and August of 2008 can explain approximately half of the decline in oil prices...

Environmental radioactivity in Canada, January-June 1978

International Nuclear Information System (INIS)

1979-05-01

The radiological surveillance program of the Department of National Health and Welfare is conducted for the purpose of determining levels of environmental radioactivity in Canada and assessing the resulting population exposures. In this report the results for the first half of 1978 from the analyses of air, precipitation, water vapour, drinking water, milk, biota and bone for critical radionuclides are presented. Radioactivity measurements are now given in in the SI unit, the becquerel (Bq). One becquerel is equivalent to about 27 picocuries. The graphical format used in previous reports has been retained with extensions of the trend-lines to enable identification of changes in the levels and assessment of their potential health significance. All the levels measured during this period are below the permissible limits recommended by the International Commission for Radiological Protection. (auth)

Multi-wavelength mid-IR light source for gas sensing

Science.gov (United States)

Karioja, Pentti; Alajoki, Teemu; Cherchi, Matteo; Ollila, Jyrki; Harjanne, Mikko; Heinilehto, Noora; Suomalainen, Soile; Viheriälä, Jukka; Zia, Nouman; Guina, Mircea; Buczyński, Ryszard; Kasztelanic, Rafał; Kujawa, Ireneusz; Salo, Tomi; Virtanen, Sami; Kluczyński, Paweł; Sagberg, Hâkon; Ratajczyk, Marcin; Kalinowski, Przemyslaw

2017-02-01

Cost effective multi-wavelength light sources are key enablers for wide-scale penetration of gas sensors at Mid-IR wavelength range. Utilizing novel Mid-IR Si-based photonic integrated circuits (PICs) filter and wide-band Mid-IR Super Luminescent Light Emitting Diodes (SLEDs), we show the concept of a light source that covers 2.5…3.5 μm wavelength range with a resolution of price can be lowered in high volumes by utilizing tailored molded IR lens technology and automated packaging and assembling technologies. The status of the development of the key components of the light source are reported. The PIC is based on the use of micron-scale SOI technology, SLED is based on AlGaInAsSb materials and the lenses are tailored heavy metal oxide glasses fabricated by the use of hot-embossing. The packaging concept utilizing automated assembly tools is depicted. In safety and security applications, the Mid-IR wavelength range covered by the novel light source allows for detecting several harmful gas components with a single sensor. At the moment, affordable sources are not available. The market impact is expected to be disruptive, since the devices currently in the market are either complicated, expensive and heavy instruments, or the applied measurement principles are inadequate in terms of stability and selectivity.

Pricing strategies and levels and their impact on corporate profitability

OpenAIRE

De Toni, Deonir; Milan, Gabriel Sperandio; Saciloto, Evandro Busata; Larentis, Fabiano

2017-01-01

Abstract Price policy definition is one of the most important decisions in management as it affects corporate profitability and market competitiveness. Despite the importance that prices take in organizations, it appears that this element has not received proper attention by many academics and marketers since it represents, according to estimates, less than 2% of the papers on leading journals in the field. Thus, the aim of this study was to propose and test a theoretical model showing the im...

Oil prices and long-run risk

Science.gov (United States)

Ready, Robert Clayton

I show that relative levels of aggregate consumption and personal oil consumption provide an excellent proxy for oil prices, and that high oil prices predict low future aggregate consumption growth. Motivated by these facts, I add an oil consumption good to the long-run risk model of Bansal and Yaron [2004] to study the asset pricing implications of observed changes in the dynamic interaction of consumption and oil prices. Empirically I observe that, compared to the first half of my 1987--2010 sample, oil consumption growth in the last 10 years is unresponsive to levels of oil prices, creating an decrease in the mean-reversion of oil prices, and an increase in the persistence of oil price shocks. The model implies that the change in the dynamics of oil consumption generates increased systematic risk from oil price shocks due to their increased persistence. However, persistent oil prices also act as a counterweight for shocks to expected consumption growth, with high expected growth creating high expectations of future oil prices which in turn slow down growth. The combined effect is to reduce overall consumption risk and lower the equity premium. The model also predicts that these changes affect the riskiness of of oil futures contracts, and combine to create a hump shaped term structure of oil futures, consistent with recent data.

The aims of transfer prices formation

Directory of Open Access Journals (Sweden)

Tomašević Stevan

2013-01-01

Full Text Available More than two-thirds of today's world trade comprises of transactions between related legal persons. Prices for the above-mentioned transactions within legal person or group of related legal persons are called transfer pricing. The aim of this paper is to present the transfer prices as well as the main objectives of transfer pricing. Also, this paper explains application of transfer pricing in the Republic of Serbia and the normative rules that cover the issue of transfer pricing, their determination and their application in the calculation. Overall, there has been a great deal of attention paid to the transfer pricing in national and international levels.

National energy balance - 1978

International Nuclear Information System (INIS)

1978-01-01

The national energy balance of 1978 shows some modifications in relation to the last year. New tables were included aiming to show the brazilian energy situation, such as the hydraulic potential and the non-renewable energy resources. (E.G.) [pt

Bibliography 1971 to 1978

International Nuclear Information System (INIS)

Frank, H.

1980-03-01

The bibliography comprises a review of publications by the faculty staff for the period 1971 to 1978. The publications are classified into subject groups including original scientific studies, preprints and review articles, books, textbooks, research reports, patents, theses. (M.S.)

DPHPE activities during 1978

International Nuclear Information System (INIS)

1979-08-01

This annual report gives a short summary of experiments in progress and of approved proposals of experiments to be performed by the Elementary Particle Physics Department of Saclay, and also publication lists and informations about the Department activities during 1978 [fr

Orphan Drug Pricing: An Original Exponential Model Relating Price to the Number of Patients

Directory of Open Access Journals (Sweden)

Andrea Messori

2016-10-01

Full Text Available In managing drug prices at the national level, orphan drugs represent a special case because the price of these agents is higher than that determined according to value-based principles. A common practice is to set the orphan drug price in an inverse relationship with the number of patients, so that the price increases as the number of patients decreases. Determination of prices in this context generally has a purely empirical nature, but a theoretical basis would be needed. The present paper describes an original exponential model that manages the relationship between price and number of patients for orphan drugs. Three real examples are analysed in detail (eculizumab, bosentan, and a data set of 17 orphan drugs published in 2010. These analyses have been aimed at identifying some objective criteria to rationally inform this relationship between prices and patients and at converting these criteria into explicit quantitative rules.

Essays on pricing dynamics, price dispersion, and nested logit modelling

Science.gov (United States)

Verlinda, Jeremy Alan

The body of this dissertation comprises three standalone essays, presented in three respective chapters. Chapter One explores the possibility that local market power contributes to the asymmetric relationship observed between wholesale costs and retail prices in gasoline markets. I exploit an original data set of weekly gas station prices in Southern California from September 2002 to May 2003, and take advantage of highly detailed station and local market-level characteristics to determine the extent to which spatial differentiation influences price-response asymmetry. I find that brand identity, proximity to rival stations, bundling and advertising, operation type, and local market features and demographics each influence a station's predicted asymmetric relationship between prices and wholesale costs. Chapter Two extends the existing literature on the effect of market structure on price dispersion in airline fares by modeling the effect at the disaggregate ticket level. Whereas past studies rely on aggregate measures of price dispersion such as the Gini coefficient or the standard deviation of fares, this paper estimates the entire empirical distribution of airline fares and documents how the shape of the distribution is determined by market structure. Specifically, I find that monopoly markets favor a wider distribution of fares with more mass in the tails while duopoly and competitive markets exhibit a tighter fare distribution. These findings indicate that the dispersion of airline fares may result from the efforts of airlines to practice second-degree price discrimination. Chapter Three adopts a Bayesian approach to the problem of tree structure specification in nested logit modelling, which requires a heavy computational burden in calculating marginal likelihoods. I compare two different techniques for estimating marginal likelihoods: (1) the Laplace approximation, and (2) reversible jump MCMC. I apply the techniques to both a simulated and a travel mode

Sea-level records from the U.S. mid-Atlantic constrain Laurentide Ice Sheet extent during Marine Isotope Stage 3.

Science.gov (United States)

Pico, T; Creveling, J R; Mitrovica, J X

2017-05-30

The U.S. mid-Atlantic sea-level record is sensitive to the history of the Laurentide Ice Sheet as the coastline lies along the ice sheet's peripheral bulge. However, paleo sea-level markers on the present-day shoreline of Virginia and North Carolina dated to Marine Isotope Stage (MIS) 3, from 50 to 35 ka, are surprisingly high for this glacial interval, and remain unexplained by previous models of ice age adjustment or other local (for example, tectonic) effects. Here, we reconcile this sea-level record using a revised model of glacial isostatic adjustment characterized by a peak global mean sea level during MIS 3 of approximately -40 m, and far less ice volume within the eastern sector of the Laurentide Ice Sheet than traditional reconstructions for this interval. We conclude that the Laurentide Ice Sheet experienced a phase of very rapid growth in the 15 kyr leading into the Last Glacial Maximum, thus highlighting the potential of mid-field sea-level records to constrain areal extent of ice cover during glacial intervals with sparse geological observables.

Nonlinear Pricing in Energy and Environmental Markets

Science.gov (United States)

Ito, Koichiro

This dissertation consists of three empirical studies on nonlinear pricing in energy and environmental markets. The first investigates how consumers respond to multi-tier nonlinear price schedules for residential electricity. Chapter 2 asks a similar research question for residential water pricing. Finally, I examine the effect of nonlinear financial rewards for energy conservation by applying a regression discontinuity design to a large-scale electricity rebate program that was implemented in California. Economic theory generally assumes that consumers respond to marginal prices when making economic decisions, but this assumption may not hold for complex price schedules. The chapter "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing" provides empirical evidence that consumers respond to average price rather than marginal price when faced with nonlinear electricity price schedules. Nonlinear price schedules, such as progressive income tax rates and multi-tier electricity prices, complicate economic decisions by creating multiple marginal prices for the same good. Evidence from laboratory experiments suggests that consumers facing such price schedules may respond to average price as a heuristic. I empirically test this prediction using field data by exploiting price variation across a spatial discontinuity in electric utility service areas. The territory border of two electric utilities lies within several city boundaries in southern California. As a result, nearly identical households experience substantially different nonlinear electricity price schedules. Using monthly household-level panel data from 1999 to 2008, I find strong evidence that consumers respond to average price rather than marginal or expected marginal price. I show that even though this sub-optimizing behavior has a minimal impact on individual welfare, it can critically alter the policy implications of nonlinear pricing. The second chapter " How Do

Dosimetry and radiation protection at the RA reactor, Report for 1978 - Annex V

International Nuclear Information System (INIS)

Ninkovic, M. et al

1978-01-01

This annex includes data about measured levels of gamma and neutron irradiation as well as level of contamination of the working environment. In addition it covers data about irradiation of the staff, contamination, decontamination of the surfaces, and radioactive waste. During 1978 there were no significant accidents that could impact either staff or the environment [sr

An analysis of Renewable Portfolio Standard policy formulation and its influence on state level energy prices

Science.gov (United States)

McCollester, Peter Colin

Over the past two decades, environmental concern has crept to the forefront of the world policy agenda. This concern has manifested itself differently throughout the world. In the United States, this has come in the form of Renewable Portfolio Standards (RPS) which have become one of the primary policy tools which states use to encourage renewable energy generation. The advent of RPS has spurred intense debate at a federal and state level, centering on the economic merits of promoting renewable energy generation. Detractors argue that RPS will raise electricity rates, since generation from renewable sources is typically costlier than energy generated from fossil fuels. At this point, evidence to the relationship between RPS on electricity prices remains unclear. Researchers have attempted to understand this relationship through a variety of means. The most common being regression based models, which utilize readily available United States Energy Information Agency (US EIA) data, and have uncovered a number of important independent variables which are incorporated into the model in this study. Examples include personal income, state population, and deregulation of an energy market. In addition to empirical studies, the National Renewable Energy Laboratory (NREL) has created complex mathematical models which generate scenario projections based on a number of assumptions. While interesting, these are forward looking tools and as such have not yielded a tremendous amount of insight into the underlying policy mechanics of RPS. A challenge of addressing this topic which is worth noting is that much of the research available which analyzes the merits of RPS caters to distinct political or private sector agendas. The research gathered for this study is comprehensive, and attempts to avoid studies with any clear political, ideological, or financial motivation. Using the insights from previous researchers this study develops a rigorous fixed effects regression model to

The Impact of Trade Policies on Spiraling Prices in International Agricultural Commodity Markets

Directory of Open Access Journals (Sweden)

Agnes Ghibuțiu

2011-07-01

Full Text Available Since the mid-2000s food prices have been on an upward trend. In the first months of 2011, agricultural commodity prices reached an all-time high, fuelling fears about the imminent outbreak of a new food crisis, similar to the 1973/74 and 2006/08 ones. Behind concerns about increased price levels and volatility in international agricultural commodity markets lie concerns about food security. Hence, the international community is now under pressure to urgently find solutions for tempering strong upward fluctuations in prices for many major food commodities. Trade policy changes are increasingly discussed as a major contributing factor to food price surges. This paper addresses some issues related to the recurrent global food crises from the perspective of trade policy, specifically export restrictions. After a brief review of the fundamental drivers of the upward trend in real food prices (rising global population and income, climate change, high oil prices, increasing cereal use for biofuel production, and financial speculation, it examines the upsurge in agricultural export restrictions over the recent years. Relying on WTO's trade policy monitoring exercise, it highlights typology, motivations and effects of the newly introduced export restrictions, and finds that a major factor behind their recent proliferation is the lack of effective and binding multilateral rules concerning these trade policy instruments. The paper argues that strenghtening and improving WTO's rules and disciplines is essential for mitigating increased price pressure and volatility as well as the associated food security risks. While the issue of export restrictions is currently the topic of discussions under the Doha Round, trade negotiations are in impasse since 2008. Hence, urgent and successful conclusion of the round would be an essential step. In the meanwhile, a closer regular monitoring of all forms of export restrictions would help to provide at least more

Paying the price: a cross-sectional survey of Australian socioeconomically disadvantaged smokers' responses to hypothetical cigarette price rises.

Science.gov (United States)

Guillaumier, Ashleigh; Bonevski, Billie; Paul, Christine; D'Este, Catherine; Doran, Christopher; Siahpush, Mohammad

2014-03-01

Increases in tobacco taxation can lead to reductions in tobacco consumption and prevalence of use across social groups. However, use of price-minimisation strategies to manage current and future tobacco use and the role of financial stress is less understood. This study aimed to measure the effect of cigarette price increases on price-minimisation strategy endorsement and financial stress among socioeconomically disadvantaged smokers. Community service organisation welfare recipients in NSW, Australia completed a touchscreen survey. Smoking history, financial stress, highest price to quit and responses to hypothetical cigarette price increases were assessed. Participants were 354 smokers (response rate = 79%). Most participants received income from a government pension (95%), earned price rises, significantly more participants endorsed trying to quit in response to the larger increase scenario (P price-minimisation strategies (e.g. switching to cheaper brands/products) were endorsed, but remained constant across hypothetical scenarios; level of financial stress appeared to have little influence. Smokers indicating they would not change their smoking in response to price rises had higher levels of nicotine dependence. Socially disadvantaged smokers endorsed numerous price-minimising strategies to maintain smoking at hypothetically increased costs. Larger cigarette price rises motivated more smokers to consider quitting, while price-resistant smokers appeared to have a more entrenched smoker status. © 2013 Australasian Professional Society on Alcohol and other Drugs.

Quarterly Report 11 for the Period October 1978 - December 1978 and Proceedings of the 11th Project Integration Meeting

Energy Technology Data Exchange (ETDEWEB)

None

1979-10-01

This report describes progress made by the Low-Cost Solar Array Project during the period October through December 1978. It includes task reports on silicon material processing, large-area silicon sheet development, encapsulation mate3rials testing and development, Project engineering and operations, and manufacturing techniques, plus the steps taken to integrate these efforts. it also includes a report on and copies of viewgraphs presented at the Project Integration Meeting held December 13-14, 1978.

Non-price competition in credit card markets through bundling and bank level benefits

OpenAIRE

Akin, Guzin Gulsun; Aysan, Ahmet Faruk; Kara, Gazi Ishak; Yildiran, Levent

2008-01-01

The attempts to explain the high and sticky credit card rates have given rise to a vast literature on credit card markets. This paper endeavors to explain the rates in the Turkish market using measures of non-price competition. In this market, issuers compete monopolistically by differentiating their credit card products. The fact that credit cards and all other banking services are perceived as a bundle by consumers allows banks to deploy also bank level characteristics to differentiate thei...

Occupational radiation exposure at commercial nuclear power reactors, 1978

International Nuclear Information System (INIS)

Brooks, B.G.

1979-11-01

An updated compilation is presented of occupational radiation exposures at commercial nuclear power reactors for the years 1969 through 1978. Data received from the 64 light water cooled reactors (LWRs) that had completed at least one year of commercial operation as of December 31, 1978 are included. This represents an increase of seven reactors over the number contained in last year's report. The total number of personnel monitored at LWRs during 1978 increased by approximately 12% to 76,121. The number of workers that received measurable doses, however, increased only 8% to 45,978. The total collective dose for 1978 is estimated to be 31,806 man-rems, a small decrease from last year's value of 32,511, which results in the average dose per worker decreasing slightly to 0.69 rems. The average collective dose per reactor also decreased, by approximately 15%, to a value of 497 man-rems

The Regional Entrepreneurial Transformation Process—A Mid-Level Framework for Describing and Fostering Socioeconomic Changes

Directory of Open Access Journals (Sweden)

Hans Rüdiger Lange

2017-08-01

Full Text Available This paper presents a conceptual framework for the socioeconomic transition of regions. It was developed in and for the region of Lusatia, which faces the challenge of becoming more entrepreneurial in order to maintain and regain economic strength. Based on theories of entrepreneurial ecosystems and structuration as well as on extensive practical experience, a mid-level framework for describing and fostering regional change is derived.

Le futur prix de l'énergie : faut-il orienter les prix du pétrole vers la hausse? The Future Price of Energy. Should Oil Prices Be Allowed to Driff Upwards?

Directory of Open Access Journals (Sweden)

Desprairies P.

2006-11-01

Full Text Available II est à peu près universellement admis que les prix du pétrole vont augmenter d'ici la fin du siècle, du fait de l'épuisement des ressources de pétrole conventionnel à bon marché. L'évolution souhaitable des prix et leur niveau futur font par contre l'objet d'opinions variées. L'analyse du problème ne fait pas apparaître de raisons d'une hausse immédiate des prix au pétrole brut, ni de leur alignement à échéance rapide sur le prix des pétroles non-conventionnels les plus chers. Dans les prochaines années c'est l'offre et la demande de pétrole conventionnel qui commanderont les prix du pétrole, c'est-à-dire, le rythme d'investissements dans le pétrole conventionnel, le charbon, et l'électricité nucléaire. La hausse en prix constants peut difficilement reprendre avant qu'aient disparu les surplus de capacité de production, c'est-à-dire guère avant 1983/1985 si la croissance économique et l'offre de pétrole continuent d'évoluer aux allures actuellement prévisibles. Si l'on est tenté d'évaluer aux alentours du prix de vente actuel majoré de 50 %, soit une vingtaine de dollars (1978 le prix à long terme du pétrole, c'est beaucoup plus par référence aux souhaits supposés des pays producteurs et au pouvoir d'achat des pays acheteurs qu'au coct de production du pétrole non-conventionnel. Il est aujourd'hui peu probable que le dialogue entre pays exportateurs et acheteurs de pétrole, point de départ d'une hausse programmée des prix, se noue avant qu'une crise d'approvisionnements plus ou moins sévère n'ait rendu manifeste la nécessité d'un tel dialogue. It is almost universolly accepted that oil prices will rise between now and the end of the century on account of the depletion of cheop conventional oil resources. The evolution to be desired for prices and their future level, on the other hand, is the subiect of differing opinions. An onalysis of the problem does not reveal any raasons for an immediate

The power situation in Mid-Norway; Kraftsituasjonen i Midt-Norge

Energy Technology Data Exchange (ETDEWEB)

NONE

2006-07-01

The strained power situation in Mid-Norway is in broad terms an energy problem, and the situation is especially precarious in the county of Moere og Romsdal. There is a risk that even in normal years, there will be insufficient energy supply unless new measures are implemented. There is a 50 percent chance that the situation will become more strained than in normal years. In the long term there is a possibility to increase the capacity of the system by increasing the import capacity as well as the production, but this is not realistic before 2011. A gas work at Tjeldbergodden can at the earliest be operative in 2011. The gas work at Skogn can at the earliest be operative in 2009, and needs to be accompanied by fortifications in the distribution net in order to help the situation in Moere og Romsdal. In short term the import capacity to the region will be reduced, and there are limits to how much new production capacity that can be taken in. Therefore, measures have to be made in order to reduce the consumption and increase the import. To make sure the measures will have satisfactory effect, they need to be implemented soon, so they can have effect over a longer period. It is limited how big reduction one can expect from the normal supply consumption. It is estimated that the consumption can be reduced by 10 percent at the maximum, by the use of high prices in the area, but this requires that the consumers expect a prolonged level of high energy prices at 0,80 Nok/kWh, and in addition short-term price fluctuations. Energy-intensive industry may find it profitable to reduce the consumption at prices below 0,80 Nok/kWh, but the potential for this is probably small in Moere og Romsdal. In a dry year it will hardly be possible to meet the energy demand without resorting to measures and in worst case rationing. The costs of rationing are substantially higher than the cost of backup power plants.

Family Resources and Mid-Life Level of Education: A Longitudinal Study of the Mediating Influence of Childhood Parental Involvement

Science.gov (United States)

von Otter, Cecilia

2014-01-01

This paper draws on the concept of parental involvement, popular among educators and policy-makers, in investigating differences in level of attained education by family background. The question is if parental involvement in children's schooling at age 14 acts as a mediator between family resources and mid-life level of attained education. Using…

State energy-price system: 1981 update

Energy Technology Data Exchange (ETDEWEB)

Fang, J.M.; Imhoff, K.L.; Hood, L.J.

1983-08-01

This report updates the State Energy Price Data System (STEPS) to include state-level energy prices by fuel and by end-use sectors for 1981. Both physical unit prices and Btu prices are presented. Basic documentation of the data base remains generally the same as in the original report: State Energy Price System; Volume 1: Overview and Technical Documentation (DOE/NBB-0029 Volume 1 of 2, November 1982). The present report documents only the changes in procedures necessitated by the update to 1981 and the corrections to the basic documentation.

Forecasting prices and price volatility in the Nordic electricity market

International Nuclear Information System (INIS)

2001-01-01

We develop a stochastic model for long term price forecasting in a competitive electricity market environment. It is demonstrated both theoretically and through model simulations that non-stochastic models may give biased forecasts both with respect to price level and volatility. In the paper, the model concept is applied on the restructured Nordic electricity market. It is specially in peak load hours that a stochastic model formulation provides significantly different results than an expected value model. (author)

Does responsive pricing smooth demand shocks?

OpenAIRE

Pascal, Courty; Mario, Pagliero

2011-01-01

Using data from a unique pricing experiment, we investigate Vickrey’s conjecture that responsive pricing can be used to smooth both predictable and unpredictable demand shocks. Our evidence shows that increasing the responsiveness of price to demand conditions reduces the magnitude of deviations in capacity utilization rates from a pre-determined target level. A 10 percent increase in price variability leads to a decrease in the variability of capacity utilization rates between...

House Prices and Taxes

DEFF Research Database (Denmark)

Gjedsted Nielsen, Mads

This paper is the first to consider a large scale natural experiment to estimate the effect of taxes on house prices. We find that a 1 percentage-point increase in income tax rates lead to a drop in house prices of at most 2.2%. This corresponds to a tax capitalization for the average household...... capitalization from earlier studies. Furthermore, we find no effect of property taxes on house prices. We attribute this to the low levels of Danish municipal property tax rates compared to income tax rates....

The effects of the energy price reform on households consumption in Iran

International Nuclear Information System (INIS)

Moshiri, Saeed

2015-01-01

The substantial subsidizing of energy prices over the years has led to high energy consumption, inefficiencies, fiscal pressures, and environmental problems in Iran. To address the increasing socio-economic problems associated with the energy subsidies, the government embarked on an aggressive energy price reform through which energy subsidies were removed and cash handouts were given to all households in 2010. In this paper, I analyze the effectiveness of the energy price reform in Iran by estimating energy demand elasticities for households in different income groups. I apply a two-stage consumer optimization model and estimate the system of energy expenditures shares using the household budget survey data for the period 2001–2008. The results show that the overall price elasticities of demand are small, but income elasticities are close to one. The results also indicate heterogeneous responses to energy price and income changes in different income groups. Specifically, the urban households show stronger response to price changes, but rural households, particularly mid-income households, to income changes. These findings suggest that the current policy of price increases would not solely be able to reduce energy consumption and, therefore, it should be geared towards increasing energy efficiency through a series of price and non-price measures. - Highlights: • The effectiveness of the recent energy price reform in Iran is analyzed. • Energy demand elasticities for households in different income groups are estimated. • A two-stage optimization model was applied to estimate the system of equations using micro-data for 2001–2008. • The price elasticities are small and income elasticities rather large, but responses are heterogeneous. • A price and non-price reform policy package is needed for different income groups and regions

Summary of activities July 1978 - July 1979

International Nuclear Information System (INIS)

1979-07-01

A brief sketch is first given of the current energy situation in the Netherlands and recent developments in this field. Against this background the main activities of the Netherlands Energy Research Foundation ECN are then given for the period between 1st July 1978 - 30th June 1979. Information on organization and staffing applies to the latter date. The financial figures at the end are taken from the latest annual report (in Dutch) and refer to the calender year 1978

Mid-year market review

International Nuclear Information System (INIS)

Anon.

1993-01-01

Spot market activity thus far in 1993-and indeed since the signing of the suspension agreements last fall-has been low by recent historical measures, the result of high levels of discretionary buying earlier in 1992 and continuing uncertainty about the performance of the current higher prices in the US market. The discretionary buying during the first three quarters of 1992 was a function of then-low prices and concerns about the outcome of the antidumping case. Last fall, following the signing of the suspension agreements, buying activity declined substantially, and a definite two-tiered market emerged, with prices in the restricted uranium market rising quickly for buyers requiring delivery in the USA. This article reviews the first 6 months of 1993 uranium market activity

Price volatility in wind dominant electricity markets

DEFF Research Database (Denmark)

Farashbashi-Astaneh, Seyed-Mostafa; Chen, Zhe

2013-01-01

High penetration of intermittent renewable energy sources causes price volatility in future electricity markets. This is specially the case in European countries that plan high penetration levels. This highlights the necessity for revising market regulations and mechanisms in accordance...... to generation combination portfolio. Proposed solutions should be able to tackle with emerging challenges which are mainly due to high variability and unpredictability of intermittent renewable resources. In this paper high price volatility will be introduced as an emerging challenge in wind dominant...... electricity markets. High price volatility is unappreciated because it imposes high financial risk levels to both electricity consumers and producers. Additionally high price variations impede tracking price signals by consumers in future smart grid and jeopardize implementation of demand response concepts...

Magalert: August 27, 1978

International Nuclear Information System (INIS)

Joselyn, J.

1980-01-01

On August 27, 1978, a major geomagnetic storm began which eventually resulted in short period geomagnetic fluctuations of over 500 gammas in Boulder, and sightings of aurora as far south as Santa Fe, New Mexico. This storm was not obviously precipitated by flare or coronal hole solar plasma, but was apparently associated with a large solar filament which abruptly disappeared on August 23, 1978. Preliminary results of a study inspired by this storm are that 16 of the 59 geomagnetic storms which have occurred since the beginning of the current 11 year solar cycle can only be traced to disappearing filaments and some of the other storms which have been blamed on flares or coronal holes are also associated with disappearing filaments. Filament eruptions have been identified with coronal mass ejections, especially those observed with the Skylab white-light coronograph. However, there are some points of difference between typical coronal transients and geoactive coronal transients which may suggest fruitful research. (Auth.)

Three essays on access pricing

Science.gov (United States)

Sydee, Ahmed Nasim

access pricing with congestion and in which investments in infrastructure are lumpy. To fix ideas, the model is formulated in the context of airport infrastructure investments, which captures both the element of congestion and the lumpiness involved in infrastructure investments. The optimal investment program suggests how many units of capacity should be installed and at which times. Because time is continuous in the model, the discounted cost -- despite the lumpiness of capacity additions -- can be made to vary continuously by varying the time a capacity addition is made. The main results that emerge from the analysis can be described as follows: First, the global demand for air travel rises with time and experiences an upward jump whenever a capacity addition is made. Second, the access price is constant and stays at the basic level when the system is not congested. When the system is congested, a congestion surcharge is imposed on top of the basic level, and the congestion surcharge rises with the level of congestion until the next capacity addition is made at which time the access price takes a downward jump. Third, the individual demand for air travel is constant before congestion sets in and after the last capacity addition takes place. During a time interval in which congestion rises, the individual demand for travel is below the level that prevails when there is no congestion and declines as congestion worsens. The third essay contains a model of access pricing for natural gas transmission pipelines, both when pipeline operators are regulated and when they behave strategically. The high sunk costs involved in building a pipeline network constitute a serious barrier of entry, and competitive behaviour in the transmission pipeline sector cannot be expected. Most of the economic analyses of access pricing for natural gas transmission pipelines are carried out from the regulatory perspective, and the access price paid by shippers are cost-based. The model formalized

Anthropocene streams and base-level controls from historic dams in the unglaciated mid-Atlantic region, USA

Science.gov (United States)

Merritts, Dorothy; Walter, Robert; Rahnis, Michael; Hartranft, Jeff; Cox, Scott; Gellis, Allen; Potter, Noel; Hilgartner, William; Langland, Michael; Manion, Lauren; Lippincott, Caitlin; Siddiqui, Sauleh; Rehman, Zain; Scheid, Chris; Kratz, Laura; Shilling, Andrea; Jenschke, Matthew; Datin, Katherine; Cranmer, Elizabeth; Reed, Austin; Matuszewski, Derek; Voli, Mark; Ohlson, Erik; Neugebauer, Ali; Ahamed, Aakash; Neal, Conor; Winter, Allison; Becker, Steven

2011-01-01

Recently, widespread valley-bottom damming for water power was identified as a primary control on valley sedimentation in the mid-Atlantic US during the late seventeenth to early twentieth century. The timing of damming coincided with that of accelerated upland erosion during post-European settlement land-use change. In this paper, we examine the impact of local drops in base level on incision into historic reservoir sediment as thousands of ageing dams breach. Analysis of lidar and field data indicates that historic milldam building led to local base-level rises of 2-5 m (typical milldam height) and reduced valley slopes by half. Subsequent base-level fall with dam breaching led to an approximate doubling in slope, a significant base-level forcing. Case studies in forested, rural as well as agricultural and urban areas demonstrate that a breached dam can lead to stream incision, bank erosion and increased loads of suspended sediment, even with no change in land use. After dam breaching, key predictors of stream bank erosion include number of years since dam breach, proximity to a dam and dam height. One implication of this work is that conceptual models linking channel condition and sediment yield exclusively with modern upland land use are incomplete for valleys impacted by milldams. With no equivalent in the Holocene or late Pleistocene sedimentary record, modern incised stream-channel forms in the mid-Atlantic region represent a transient response to both base-level forcing and major changes in land use beginning centuries ago. Similar channel forms might also exist in other locales where historic milling was prevalent.

Farm-retail price spread for pork in Malaysia

OpenAIRE

Tey, (John) Yeong-Sheng; Randy, Stringer; Wendy, Umberger

2009-01-01

The price difference between farm and retail levels is called price spread, which is constituted mostly by marketing costs and profits. From the price spread, this paper intends to estimate elasticities of price transmission for pork in Malaysia via different empirical model specifications of markup pricing model. Using data from January 1997 to December 2007, a quantitative analysis of farm-to-retail price spreads was undertaken for pork in Malaysia. It was found that retail price is the onl...

7 CFR 1124.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1124.50 Section 1124.50 Agriculture Regulations of the Department of Agriculture (Continued... prices, and advanced pricing factors. See § 1000.50. ...

7 CFR 1030.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1030.50 Section 1030.50 Agriculture Regulations of the Department of Agriculture (Continued... prices, and advanced pricing factors. See § 1000.50. ...

Gas prices and price process

International Nuclear Information System (INIS)

Groenewegen, G.G.

1992-01-01

On a conference (Gas for Europe in the 1990's) during the Gasexpo '91 the author held a speech of which the Dutch text is presented here. Attention is paid to the current European pricing methods (prices based on the costs of buying, transporting and distributing the natural gas and prices based on the market value, which is deducted from the prices of alternative fuels), and the transparency of the prices (lack of information on the way the prices are determined). Also attention is paid to the market signal transparency and gas-gas competition, which means a more or less free market of gas distribution. The risks of gas-to-gas competition for a long term price stability, investment policies and security of supply are discussed. Opposition against the Third Party Access (TPA), which is the program to implement gas-to-gas competition, is caused by the fear of natural gas companies for lower gas prices and lower profits. Finally attention is paid to government regulation and the activities of the European Commission (EC) in this matter. 1 fig., 6 ills., 1 tab

Cigarette price minimization strategies in the United States: price reductions and responsiveness to excise taxes.

Science.gov (United States)

Pesko, Michael F; Licht, Andrea S; Kruger, Judy M

2013-11-01

Because cigarette price minimization strategies can provide substantial price reductions for individuals continuing their usual smoking behaviors following federal and state cigarette excise tax increases, we examined independent price reductions compensating for overlapping strategies. The possible availability of larger independent price reduction opportunities in states with higher cigarette excise taxes is explored. Regression analysis used the 2006-2007 Tobacco Use Supplement of the Current Population Survey (N = 26,826) to explore national and state-level independent price reductions that smokers obtained from purchasing cigarettes (a) by the carton, (b) in a state with a lower average after-tax cigarette price than in the state of residence, and (c) in "some other way," including online or in another country. Price reductions from these strategies are estimated jointly to compensate for known overlapping strategies. Each strategy reduced the price of cigarettes by 64-94 cents per pack. These price reductions are 9%-22% lower than conventionally estimated results not compensating for overlapping strategies. Price reductions vary substantially by state. Following cigarette excise tax increases, the price reduction available from purchasing cigarettes by cartons increased. Additionally, the price reduction from purchasing cigarettes in a state with a lower average after-tax cigarette price is positively associated with state cigarette excise tax rates and border state cigarette excise tax rate differentials. Findings from this large, nationally representative study of cigarette smokers suggest that price reductions are larger in states with higher cigarette excise taxes, and increase as cigarette excise taxes rise.

Prospective activity levels in the regions of the UKCS under different oil and gas prices: an application of the Monte Carlo technique

International Nuclear Information System (INIS)

Kemp, A.G.; Stephen, L.

1999-01-01

This paper summarises the results of a study using the Monte Carlo simulation to examine activity levels in the regions of the UK continental shelf under different oil and gas prices. Details of the methodology, data, and assumptions used are given, and the production of oil and gas, new field investment, aggregate operating expenditures, and gross revenues under different price scenarios are addressed. The total potential oil and gas production under the different price scenarios for 2000-2013 are plotted. (UK)

Oil price, biofuels and food supply

International Nuclear Information System (INIS)

Timilsina, Govinda R.; Mevel, Simon; Shrestha, Ashish

2011-01-01

The price of oil could play a significant role in influencing the expansion of biofuels, but this issue has yet to be fully investigated in the literature. Using a global computable general equilibrium (CGE) model, this study analyzes the impact of oil price on biofuel expansion, and subsequently, on food supply. The study shows that a 65% increase in oil price in 2020 from the 2009 level would increase the global biofuel penetration to 5.4% in 2020 from 2.4% in 2009. If oil prices rise 150% from their 2009 levels by 2020, the resulting penetration of biofuels would be 9%, which is higher than that would be caused by current mandates and targets introduced in more than forty countries around the world. The study also shows that aggregate agricultural output drops due to an oil price increase, but the drop is small in major biofuel producing countries as the expansion of biofuels would partially offset the negative impacts of the oil price increase on agricultural outputs. An increase in oil price would reduce global food supply through direct impacts as well as through the diversion of food commodities and cropland towards the production of biofuels. - Highlights: ► A global CGE model to analyze impacts of oil price on biofuels and food supply. ► Global biofuel penetration increases from 2.4% (2009) to 5.4% (2020) in baseline. ► A 150% rise of oil price boosts biofuels more than current mandates and targets do. ► Biofuels partially offset drops in agricultural outputs caused by oil price rise. ► Biofuels as well as oil price rise negatively affect global food supply.

ISSUES ON USING PRICE INDICES FOR ESTIMATING GDP AND ITS COMPONENTS AT CONSTANT PRICES ACCORDING TO SNA METHODOLOGY

Directory of Open Access Journals (Sweden)

K. Prykhodko

2014-06-01

Full Text Available The article examines requirements and methodological approaches to the calculation of price indices (deflators in the national accounts. It gives estimation for the level and dynamics of price indicators. It proposes on improving the calculation of price indices (deflators in the national accounts of Ukraine.

Publications of LASL research, 1978

International Nuclear Information System (INIS)

Willis, J.K.; Salazar, C.A.

1980-04-01

This bibliography is a compilation of unclassified publications of work done at the Los Alamos Scientific Laboratory for 1978. Papers published in 1978 are included regardless of when they were actually written. Publications received too late for inclusion in earlier compilations are also listed. Declassification of previously classified reports is considered to constitute publication. All classified issuances are omitted. If a paper was published more than once, all places of publication are included. The bibliography includes Los Alamos Scientific Laboratory reports, papers released as non-LASL reports, journal articles, books, chapters of books, conference papers (whether published separately or as part of conference proceedings issued as books or reports), papers published in congressional hearings, theses, and US patents. Publications by LASL authors that are not records of Laboratory-sponsored work are also included

Publications of LASL research, 1978

Energy Technology Data Exchange (ETDEWEB)

Willis, J.K.; Salazar, C.A. (comps.)

1980-04-01

This bibliography is a compilation of unclassified publications of work done at the Los Alamos Scientific Laboratory for 1978. Papers published in 1978 are included regardless of when they were actually written. Publications received too late for inclusion in earlier compilations are also listed. Declassification of previously classified reports is considered to constitute publication. All classified issuances are omitted. If a paper was published more than once, all places of publication are included. The bibliography includes Los Alamos Scientific Laboratory reports, papers released as non-LASL reports, journal articles, books, chapters of books, conference papers (whether published separately or as part of conference proceedings issued as books or reports), papers published in congressional hearings, theses, and US patents. Publications by LASL authors that are not records of Laboratory-sponsored work are also included.

Price caps and price floors in climate policy: a quantitative assessment

Energy Technology Data Exchange (ETDEWEB)

Philibert, Cedric

2008-12-15

This study assesses the long-term economic and environmental effects of introducing price caps and price floors in hypothetical climate change mitigation architecture, which aims to reduce global energy-related CO2 emissions by 50% by 2050. Based on abatement costs in IPCC and IEA reports, this quantitative analysis confirms what qualitative analyses have already suggested: introducing price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. With price caps, the expected costs could be reduced by about 50% and the uncertainty on economic costs could be one order of magnitude lower. Reducing economic uncertainties may spur the adoption of more ambitious policies by helping to alleviate policy makers' concerns of economic risks. Meanwhile, price floors would reduce the level of emissions beyond the objective if the abatement costs ended up lower than forecasted. If caps and floors are commensurate with the ambition of the policy pursued and combined with slightly tightened emission objectives, climatic results could be on average similar to those achieved with 'straight' objectives (i.e. with no cost-containment mechanism). (auth)

A Simple Model of Pharmaceutical Price Dynamics

OpenAIRE

Bhattacharya, Jayanta; Vogt, William B

2003-01-01

Branded pharmaceutical firms use price and promotional strategy to manage public knowledge about their drugs. We propose a dynamic theory of pharmaceutical pricing and conduct an exploratory empirical analysis inspired by the theory. Our theory predicts a pattern of increasing prices and decreasing promotional activities over a drug's life cycle. Prices are kept low and advertising levels high early in the life cycle in order to build public knowledge about the drug. As knowledge grows, price...

Environmental radioactivity in the Faroes in 1978

International Nuclear Information System (INIS)

Aarkrog, A.; Hansen, H.; Lippert, J.

1979-07-01

Measurements of fallout radioactivity in the Faroes in 1978 are presented. Strontium-90 (and 137 Cs in most cases) was determined in regularly collected samples of precipitation, grass, milk, fish, sea water, bread, and drinking water. In addition, analyses were made of spot samples of lamb, sea birds, potatoes, sea plants, vegetables, eggs, and human bone. Tritium was determined in samples of drinking water. Estimates are given of the mean contents of 90 Sr and 137 Cs in the human diet in the Faroes in 1978. (author)

Role of e-WOM in Hospitality Market Pricing

Directory of Open Access Journals (Sweden)

Kościółek Szczepan

2017-07-01

Full Text Available Aim/purpose - Online assessments are one of the main factors determining a customer's choice of accommodation. This article examines their relationship to prices in the low and high season in Cracow's hospitality market. The question of which attributes in hotel ratings explain the change in price levels was investigated. Design/methodology/approach - The inference was based on ratings and hotel room offers published on the Booking.com platform. Data were collected and estimated for the representative number of 97 hotels in Cracow. Regression analysis was then used to estimate the model. Findings - The results of the analysis showed that price levels for the high and low seasons are correlated with ratings for comfort and location. It is more precise to use these variables as an explanation for prices in the high season. Guests' perceptions of comfort and location are combined with other hotel features. Research implications/limitations - The study showed which of the hotel parameters should be enhanced when rationally increasing price levels. The limitations of the study are that it covered only one Polish city, collected data from a single website, and omitted other variables to explain the prices of hotel rooms. Originality/value/contribution - This is one of the first papers to examine the correlation between electronic consumer ratings and price levels in the Polish hospitality market and one of few investigations based on the role of e-WOM for the pricing of all objects in the sector, not just for a specific category of hotels. Keywords: consumer ratings, e-WOM, hospitality market, online reviews, pricing.

Local house prices and mental health.

Science.gov (United States)

Joshi, Nayan Krishna

2016-03-01

This paper examines the impact of local (county-level) house prices on individual self-reported mental health using individual level data from the United States Behavioral Risk Factor Surveillance System between 2005 and 2011. Exploiting a fixed-effects model that relies on within-county variations, relative to the corresponding changes in other counties, I find that while individuals are likely to experience worse self-reported mental health when local house prices decline, this association is most pronounced for individuals who are least likely to be homeowners. This finding is not consistent with a prediction from a pure wealth mechanism but rather with the hypothesis that house prices act as an economic barometer. I also demonstrate that the association between self-reported mental health and local house prices is not driven by unemployment or foreclosure. The primary result-that lower local house prices have adverse impact on self-reported mental health of homeowners and renters-is consistent with studies using data from the United Kingdom.

Quantifying the impact of rising food prices on child mortality in India: a cross-district statistical analysis of the District Level Household Survey.

Science.gov (United States)

Fledderjohann, Jasmine; Vellakkal, Sukumar; Khan, Zaky; Ebrahim, Shah; Stuckler, David

2016-04-01

Rates of child malnutrition and mortality in India remain high. We tested the hypothesis that rising food prices are contributing to India's slow progress in improving childhood survival. Using rounds 2 and 3 (2002-08) of the Indian District Level Household Survey, we calculated neonatal, infant and under-five mortality rates in 364 districts, and merged these with district-level food price data from the National Sample Survey Office. Multivariate models were estimated, stratified into 27 less deprived states and territories and 8 deprived states ('Empowered Action Groups'). Between 2002 and 2008, the real price of food in India rose by 11.7%. A 1% increase in total food prices was associated with a 0.49% increase in neonatal (95% confidence interval (CI): 0.13% to 0.85%), but not infant or under-five mortality rates. Disaggregating by type of food and level of deprivation, in the eight deprived states, we found an elevation in neonatal mortality rates of 0.33% for each 1% increase in the price of meat (95% CI: 0.06% to 0.60%) and 0.10% for a 1% increase in dairy (95% CI: 0.01% to 0.20%). We also detected an adverse association of the price of dairy with infant (b = 0.09%; 95% CI: 0.01% to 0.16%) and under-five mortality rates (b = 0.10%; 95% CI: 0.03% to 0.17%). These associations were not detected in less deprived states and territories. Rising food prices, particularly of high-protein meat and dairy products, were associated with worse child mortality outcomes. These adverse associations were concentrated in the most deprived states. © The Author 2016. Published by Oxford University Press on behalf of the International Epidemiological Association.

Public concern for air quality: explaining change in Toronto, Canada, 1967-1978

Energy Technology Data Exchange (ETDEWEB)

Dworkin, J M [Univ of Arizona, Tucson; Pijawka, K D

1982-01-01

The paper presents the results of an empirical study of the change in perception of air quality in Toronto, Canada from 1968-1978. The data show a shift in public concern with and awareness of air quality. Despite the fact that the 1978 population regarded air quality as degraded, air pollution declined as a public concern, requiring a less serious response by government than other societal problems. The results of the study were reviewed in the context of existing perception studies. In explaining change, the study found: (1) perception of ambient air quality was not related to air pollution levels; (2) air pollution declines as a public concern as other socioeconomic problems surface; and (3) the mass media has an important role in affecting public attitudes and behavior over environmental quality issues.

Modernismi lõppmäng, Tallinn 1978 = Modernisn's endgame, Tallinn 1978 / Andres Kurg

Index Scriptorium Estoniae

Kurg, Andres, 1975-

2008-01-01

14 arhitekti-kunstniku-disaineri "Arhitektuurinäitus 1978" TA raamatukogu fuajees. Pööre athitektuuri tegemises 1970-ndate lõpus. Tallinna 10 näitus 1982. a. Kunstisalongis. Neofunktsionalism on midagi muud. Staatilisest korrast dünaamilisse korrastatusse. Robert Venturi mõju. Iroonia ja institutsioonikriitika. Bibliograafia lk. 54-55

German foreign trade in nuclear products 1978-1980

International Nuclear Information System (INIS)

Anon.

1981-01-01

This statistics of the imports and exports of nuclear products of the Federal Republic of Germany in 1980, compiled by the Federal Minister for Research and Technology (with reference figures for 1978 and 1979) shows that imports have decreased by 23,2% (DM 500,000 million) to DM 1,500,000 million. In contrast between 1978 and 1979 there was a 26,2% increase (DM 400,000 million). (orig./UA) [de

Reflections of Turkish accounting and financial reporting standards on vocational school students: A research on comparing perceptions of intermediate and mid-level accounting professional candidates

OpenAIRE

Seldüz Hakan; Seldüz Emine

2016-01-01

This research aims to compare the perceptions of intermediate and mid-level accounting professional candidates on accounting and financial reporting standards. A significant part of accounting process is carried out by vocational school graduate intermediate and mid-level accounting professionals. However, it can be claimed that adequate education about accounting and financial reporting standards isn’t given in vocational schools although these standards structure the whole accounting proces...

Nonlinear Pricing to Produce Information

OpenAIRE

David J. Braden; Shmuel S. Oren

1994-01-01

We investigate the firm's dynamic nonlinear pricing problem when facing consumers whose tastes vary according to a scalar index. We relax the standard assumption that the firm knows the distribution of this index. In general the firm should determine its marginal price schedule as if it were myopic, and produce information by lowering the price schedule; “bunching” consumers at positive purchase levels should be avoided. As a special case we also consider a market characterized by homogeneous...

1978 annual report

International Nuclear Information System (INIS)

1978-06-01

In fiscal 1978 efforts continued to be made to increase New Brunswick's energy independence through research into and development of indigenous power sources including coal, peat, tidal, and hydroelectric resources. At Point Lepreau nuclear generating station the reactor building was completed, the concrete vault was prepared, and the calandria was installed. Work continued within the reactor building. Excavation of the cooling water tunnels and riser shafts was completed. (LL)

Rapport annuel, 1978

International Nuclear Information System (INIS)

1978-11-01

Operation of the accelerator between Nov. 1 1977 and Nov. 1 1978 is described. Research in progress includes work on nuclear reactions and polarization phenomena, nuclear reactions with heavy ions, theoretical and experimental study of aspects of multi-body problems in nuclear reactions, development of a gamma spectrometer, study of nuclear structure by isobaric analog resonances, application of nuclear techniques to geology and botany, and study of atomic structure. (LL)

Alcohol Consumption: A Comparison of 1978 and 1982 Data at One University.

Science.gov (United States)

Kinnick, Bernard C.; And Others

1985-01-01

Compared results of 1982 alcohol use survey at the University of Northern Colorado with a similar 1978 study. Results indicated a continued high level use of alcohol among the students. Taste was selected as the number one reason for alcohol consumption. Alcoholics Anonymous and campus resources were identified as sources of problem assistance.…

Crude oil prices : how high, how much harm?

International Nuclear Information System (INIS)

Levesque, M.; Alexander, C.

2002-01-01

This paper discussed the issue of crude oil prices and the economy. Crude oil prices are on the rise due to the recent events in the Middle East. In early April, West Texas Intermediate crude oil climbed to nearly US$28 a barrel. Most of the increase reflects the expectation of stronger world oil demand combined with supply constraints on the part of OPEC. Although there has been some concern expressed that rising oil prices may hinder economic recovery, the authors of this report do not see evidence that rising oil prices would throw economic recovery off course, arguing that the current spike will be short-lived. They stated that even under a worse-case scenario where prices remain inflated, there is little reason to fear for the health of the Canadian economy. OPEC is expected to increase its low production quotas in June. In addition, non-OPEC nations (Russia in particular) are expected to increase oil production in the coming months. The authors also indicated that it is unlikely that conflict in the West Bank will disrupt oil supply because Israel is not an oil-exporting nation. However, oil supply could be affected if other Arab nations were drawn into the issue. It was also noted that military action against Iraq would increase oil prices, possibly as high as US$40 a barrel, but the full extent of this hike in price will probably be unsustainable. In addition, the authors emphasized that the increase in energy costs would not be enough to seriously jeopardize the economic recovery in the United States. As for Canada, it is estimated that a US$10 per barrel increase in crude oil prices would have a small, but positive impact on Canadian GDP because in contrast to the United States, Canada produces much more energy than it consumers. In 2001, Canada ran a trade surplus of $2.8 billion. The report ended by stating that although higher oil prices could add a full percentage point to headline inflation by the end of the year, core inflation is likely to remain

Spatial price dynamics: From complex network perspective

Science.gov (United States)

Li, Y. L.; Bi, J. T.; Sun, H. J.

2008-10-01

The spatial price problem means that if the supply price plus the transportation cost is less than the demand price, there exists a trade. Thus, after an amount of exchange, the demand price will decrease. This process is continuous until an equilibrium state is obtained. However, how the trade network structure affects this process has received little attention. In this paper, we give a evolving model to describe the levels of spatial price on different complex network structures. The simulation results show that the network with shorter path length is sensitive to the variation of prices.

Relating price strategies and price-setting practices

NARCIS (Netherlands)

Ingenbleek, P.T.M.; Lans, van der I.A.

2013-01-01

Purpose - This article addresses the relationship between price strategies and price-setting practices. The first derive from a normative tradition in the pricing literature and the latter from a descriptive tradition. Price strategies are visible in the market, whereas price-setting practices are

NURE 1978 annual activity report

International Nuclear Information System (INIS)

1979-06-01

Technical activities undertaken during calender year 1978 to support DOE's National Uranium Resource Evaluation program are summarized. These activities include quadrangle evaluation, aerial radiometric reconnaissance and detail surveys, subsurface investigations, hydrogeochemical and stream-sediment reconnaissance, and geologic studies

Determinants of Price Dynamics in Ethiopia

African Journals Online (AJOL)

The result also indicates that the relationship between inflation and foreign prices is rather ..... domestic and foreign borrowing to monetary finance, the level of fiscal gap .... rate and petroleum prices have no significant impact on expectation.

Mesoscale Features and Cloud Organization on 10-12 December 1978 over the South China Sea.

Science.gov (United States)

Warner, Charles

1982-07-01

Aircraft data from Winter MONEX have been combined with other data to study mesoscale features, and organization of cumulus clouds, on 10-12 December 1978. A moderate cold surge in the northeasterly monsoon flow, toward cloudiness in an equatorial trough off Borneo, peaked on 11 December.Clouds in the northeasterly monsoon flow were similar to those in the trades, with variations in convective regime on length scales on the order of 100 km. Marked mid-tropospheric subsidence was accompanied by low-level divergence near 20°N. During 10 December, anvil clouds near Borneo expanded; cumulus congestus and cumulonimbus formed on the periphery of this area. The approach of the low-level northeasterlies to the area of anvils was marked by a diminution of subsidence, conditional instability, and a weak field of low-level convergence, with randomly organized cumulus of increasing height. A low-level easterly jet was found in this transition zone, downstream from cloudiness over the Philippines. South of Vietnam, a clear area was associated with low air temperatures, and not subsidence. Congestus and cumulonimbus clouds formed near the eastern coast of the Malay Peninsula.Cloud streets were seen from latitude 19°N to the Malaysian coast (with a break south of Vietnam). These clouds were confined below the level of an inflection point in the profile of winds normal to the street direction. Greatest spacings of streets occurred with greatest vertical shears of the cross-winds. Cloud number densities were more closely related to the instability of the vertical stratification than to any other parameter.Cross-wind organization of clouds occurred in circumstances of unstable, stratification and apparently of net ascent. Alignment of clouds was at an angle to the directions of both winds and vertical wind shears. It is inferred that when convergence was strong, deep clouds occurred along lines of convergence in the surface streamlines.

Operation, maintenance and utilization of the RA reactor, Annual report 1978; Pogon, odrzavanje i eksploatacija reaktora RA, Izvestaj o radu u 1978. godini

Energy Technology Data Exchange (ETDEWEB)

Milosevic, M [Institute of Nuclear Sciences Boris Kidric, Vinca, Beograd (Serbia and Montenegro)

1978-12-15

It has been planned for 1978 that the RA reactor would be operated for 158 dana at nominal power of 6.5 MW meaning production of 24 648 MWh. The plan was fulfilled since 24 652 MWh was produces. Reactor operation for 158 days is relevant to reactor operation for 200 days in the period before 1975. The reason is increased neutron flux achieved due to improved fuel management and the characteristics of the new 80% enriched fuel. At the end of 1978 the reactor core contained 45% of 80% enriched fuel elements. Increase of neutron flux has shortened the typical time needed for irradiation of the most important samples for isotope production. This significant success in reactor operation is at the same time an obligation for increasing its utilization. Some new trends proposed for increasing reactor utilization capacities were presented at the Conference on utilization of research nuclear reactors in Yugoslavia held in May 1978. [Serbo-Croat] Reaktor RA imao je u planu za 1978. godinu 158 dana rada na nominalnoj snazi od 6.5 MW, sto odgovara radu od 24 648 MWh. Ostvareno je 24 652 MWh sto znaci da je plan ostvaren. Rad reaktora od 158 dana odgovara radu reaktora od 200 dana u periodu pre 1975. godine. Razlog je povecanje neutronskog fluksa zahvaljujuci usavrsenom rukovanju gorivom i karakteristikama novog 80% obogacenog goriva. Krajem 1978. godine 45% jezgra reaktora bilo je popunjeno novim 80% obogacenim gorivom. Povecani neutronski fluks omogucio je skracenje vremena ozracivanja vaznih uzoraka za proizvodnju radioaktivnih izotopa. Ovaj znacajan uspeh je istovremeno obaveza znatno veceg iskoriscenja reaktora RA. Rezultati napora da se postigne vece iskoriscenje reaktora RA prezentirani su na Konferenciji o koriscenju nuklearnih reaktora u Jugoslaviji koja je odrzana u maju 1978.

Regulatory and technical reports: compilation for 1975-1978

International Nuclear Information System (INIS)

1982-04-01

This brief compilation lists formal reports issued by the US Nuclear Regulatory Commission in 1975 through 1978 that were not listed in the Regulatory and Technical Reports Compilation for 1975 to 1978, NUREG-0304, Vol. 3. This compilation is divided into two sections. The first consists of a sequential listing of all reports in report-number order. The second section consists of an index developed from keywords in report titles and abstracts

Mid infrared lasers for remote sensing applications

Energy Technology Data Exchange (ETDEWEB)

Walsh, Brian M., E-mail: brian.m.walsh@nasa.gov [NASA Langley Research Center, Hampton, VA 23681 (United States); Lee, Hyung R. [National Institute of Aerospace, Hampton, VA 23666 (United States); Barnes, Norman P. [Science Systems and Applications, Inc., Hampton, VA 23666 (United States)

2016-01-15

To accurately measure the concentrations of atmospheric gasses, especially the gasses with low concentrations, strong absorption features must be accessed. Each molecular species or constituent has characteristic mid-infrared absorption features by which either column content or range resolved concentrations can be measured. Because of these characteristic absorption features the mid infrared spectral region is known as the fingerprint region. However, as noted by the Decadal Survey, mid-infrared solid-state lasers needed for DIAL systems are not available. The primary reason is associated with short upper laser level lifetimes of mid infrared transitions. Energy gaps between the energy levels that produce mid-infrared laser transitions are small, promoting rapid nonradiative quenching. Nonradiative quenching is a multiphonon process, the more phonons needed, the smaller the effect. More low energy phonons are required to span an energy gap than high energy phonons. Thus, low energy phonon materials have less nonradiative quenching compared to high energy phonon materials. Common laser materials, such as oxides like YAG, are high phonon energy materials, while fluorides, chlorides and bromides are low phonon materials. Work at NASA Langley is focused on a systematic search for novel lanthanide-doped mid-infrared solid-state lasers using both quantum mechanical models (theoretical) and spectroscopy (experimental) techniques. Only the best candidates are chosen for laser studies. The capabilities of modeling materials, experimental challenges, material properties, spectroscopy, and prospects for lanthanide-doped mid-infrared solid-state laser devices will be presented. - Highlights: • We discuss mid infrared lasers and laser materials. • We discuss applications to remote sensing. • We survey the lanthanide ions in low phonon materials for potential. • We present examples of praseodymium mid infrared spectroscopy and laser design.

Earth history. Low mid-Proterozoic atmospheric oxygen levels and the delayed rise of animals.

Science.gov (United States)

Planavsky, Noah J; Reinhard, Christopher T; Wang, Xiangli; Thomson, Danielle; McGoldrick, Peter; Rainbird, Robert H; Johnson, Thomas; Fischer, Woodward W; Lyons, Timothy W

2014-10-31

The oxygenation of Earth's surface fundamentally altered global biogeochemical cycles and ultimately paved the way for the rise of metazoans at the end of the Proterozoic. However, current estimates for atmospheric oxygen (O2) levels during the billion years leading up to this time vary widely. On the basis of chromium (Cr) isotope data from a suite of Proterozoic sediments from China, Australia, and North America, interpreted in the context of data from similar depositional environments from Phanerozoic time, we find evidence for inhibited oxidation of Cr at Earth's surface in the mid-Proterozoic (1.8 to 0.8 billion years ago). These data suggest that atmospheric O2 levels were at most 0.1% of present atmospheric levels. Direct evidence for such low O2 concentrations in the Proterozoic helps explain the late emergence and diversification of metazoans. Copyright © 2014, American Association for the Advancement of Science.

7 CFR 1131.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1131.53 Section 1131.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1005.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1005.53 Section 1005.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1126.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1126.53 Section 1126.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1032.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1032.53 Section 1032.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1030.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1030.53 Section 1030.53 Agriculture Regulations of the Department of Agriculture... of class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1033.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1033.53 Section 1033.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1001.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1001.53 Section 1001.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1007.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1007.53 Section 1007.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1006.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1006.53 Section 1006.53 Agriculture Regulations of the Department of Agriculture... class prices, component prices, and advanced pricing factors. See § 1000.53. ...

7 CFR 1033.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1033.50 Section 1033.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1005.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1005.50 Section 1005.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1001.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1001.50 Section 1001.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1006.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1006.50 Section 1006.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1126.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1126.50 Section 1126.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1032.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1032.50 Section 1032.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1131.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1131.50 Section 1131.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

7 CFR 1007.50 - Class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1007.50 Section 1007.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50. ...

Gas price and oil price: a new level of competition; Gaspreis und Oelpreis. Eine neue Stufe des Wettbewerbs

Energy Technology Data Exchange (ETDEWEB)

Hahn, Wolfgang; Poepperl, Claudia [Energie Consulting GmbH, Kehl (Germany)

2012-01-15

With a marked delay relative to electricity the gas market has now too come under the reign of competition. The dissociation of gas prices from oil prices was not only the result of successive deregulation but was also catalysed by the drop in demand attending the economic slump in 2008 and 2009. In response to the changing market environment the procurement processes of industrial and commercial customers have undergone lasting changes in the course of the past three years. At the same time, fierce competition has developed between the two energy carriers crude oil and natural gas.

7 CFR 1124.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... 7 Agriculture 9 2010-01-01 2009-01-01 true Announcement of class prices, component prices, and advanced pricing factors. 1124.53 Section 1124.53 Agriculture Regulations of the Department of Agriculture... Announcement of class prices, component prices, and advanced pricing factors. See § 1000.53. ...

Report of the Select Committee on Petroleum Product Pricing

International Nuclear Information System (INIS)

Dooks, B.

2004-01-01

An all-party Committee of the House of Legislative Assembly of Nova Scotia was established to investigate the pricing of petroleum products such as gasoline and home heating fuel. The Committee conducted public hearings in Halifax, Yarmouth, Bridgewater, Sydney, and Truro, in order to seek input from consumers, producers, suppliers and operators. The mandate of the Select Committee on Petroleum Product Pricing was to investigate the supply and pricing of fuels, including gasoline and home heating oil and to determine whether current prices are justified and fair. This investigation included an examination of the reasons for the current level of product prices; product supply; reasons for volatility in product prices; the rationale for differences in prices across different regions of the province; factors that affect the viability of low volume outlets in the rural and urban marketplace; factors that affect the viability of independent retail operators in the province; and, any evidence of predatory pricing practices at the wholesale and retail levels of the market. The Select Committee also made recommendations related to fair and reasonable product prices at the consumer level, retail and wholesale margins, as well as other actions that may be required to correct imbalances in the distribution and sales of these products to consumers in the province. 8 appendices

Pricing as a means of controlling alcohol consumption.

Science.gov (United States)

Sharma, Anurag; Sinha, Kompal; Vandenberg, Brian

2017-09-01

Reducing the affordability of alcohol, by increasing its price, is the most effective strategy for controlling alcohol consumption and reducing harm. We review meta-analyses and systematic reviews of alcohol tax/price effects from the past decade, and recent evaluations of tax/price policies in the UK, Canada and Australia. While the magnitudes of price effects vary by sub-group and alcoholic beverage type, it has been consistently shown that price increases lead to reductions in alcohol consumption. There remains, however, a lack of consensus on the most appropriate taxation and pricing policy in many countries because of concerns about effects by different consumption level and income level and disagreement on policy design between parts of the alcoholic beverage industries. Recent developments in the research highlight the importance of obtaining accurate alcohol price data, reducing bias in estimating price responsiveness, and examining the impact on the heaviest drinkers. There is a need for further research focusing on the substitution effects of taxation and pricing policies, estimation of the true tax pass-through rates, and empirical analysis of the supply-side response (from alcohol producers and retailers) to various alcohol pricing strategies. © The Author 2017. Published by Oxford University Press. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com

An investment cycle in world oil prices

International Nuclear Information System (INIS)

Adelman, M.A.

1992-01-01

The price of Persian Gulf petroleum emerged after World War II as the world price. Adjusted to 1990 price levels, it went from $22 in 1947 to a low of $3 in 1970, then a high of $56 in 1981, and a low of $15 in the first half of 1990. A cyclical model is often suggested to explain these extreme swings generated by the relation between market price and investment. 9 refs., 2 figs

Edgeworth Price Cycles, Cost-Based Pricing, and Sticky Pricing in Retail Gasoline Markets

OpenAIRE

Michael D. Noel

2007-01-01

This paper examines dynamic pricing behavior in retail gasoline markets for 19 Canadian cities over 574 weeks. I find three distinct retail pricing patterns: 1. cost-based pricing, 2. sticky pricing, and 3. steep, asymmetric retail price cycles that, while seldom documented empirically, resemble those of Maskin & Tirole[1988]. Using a Markov switching regression, I estimate the prevalence of patterns and the structural characteristics of the cycles. Retail price cycles prevail in over 40% of ...

Gender Trait Stereotypes: A Comparison of 1978 and 1986.

Science.gov (United States)

Griffin, Betsy Q.; Babbitt, Brian C.

This study examined stability and change in gender role stereotypes by comparing responses to items on the Bem Sex Role Inventory (BSRI) for the typical woman and man in 1978 and in 1986. Subjects were college students enrolled in an introductory psychology course in 1978 (N=85) and in 1986 (N=219). Subjects rated the typical man or typical woman…

Annual report, 1978-79

International Nuclear Information System (INIS)

1979-01-01

Activities of AECL for the year ending March 31, 1979 are described. Progress in research, production and marketing of radioisotopes, heavy water manufacture, and construction of CANDU reactors is discussed. The company was restructured in 1978. Hearings on nuclear issues meant that more attention was paid to public affairs. A financial statement is included. (L.L.)

Caesium-137 in the foodchain lichen-reindeer-man during 1976 to 1978

International Nuclear Information System (INIS)

Tillander, M.; Jaakkola, T.; Miettinen, J.K.

1978-01-01

The behaviour of the 137 Cs isotope in the subarctic environment has been an object of investigations in this laboratory since 1960. The 137 Cs body burden of a group of about 100 Lapps has been determined annually each spring since 1962 using a mobile whole-body counting system accommodated in a truck. In spring 1977, 31 reindeer herders and reindeer herding fishermen residing in Inari were thus measured. In spring 1978, no 137 Cs body burden measurements of the Lapps were carried out. Instead, analysis of 137 Cs in lichen and reindeer muscle samples was continued in order to check possible changes in the environmental 137 Cs level. In this paper 137 Cs concentrations in lichen in 1977 and in reindeer muscle in 1977 and 1978 are reported. Using these results the 137 Cs body burden of Finnish Lapps is estimated

PRICE ON THE ORGANIC FOOD MARKET

Directory of Open Access Journals (Sweden)

GEORGE ATANASOAIE

2012-12-01

Full Text Available The main objective of this paper is to present prices on PAE market (PAE- organic foods market. Prices are analyzed in terms of importance and the main factors that contribute to their establishment (quality of products, distribution channels, certification and eco-labeling system, customer segments and market development stage. This paper is based on the investigation of secondary sources, of specialized literature related to PAE consumers. The paper shows that are used three strategic options of prices: prices with high rigidity located in a low or high level and fluctuating prices, characterized by variations on short periods of time. Price is a very important barrier to market development but this importance can be mitigated through appropriate communication policies with the market, which are essential especially for markets in early stages of development.

The pricing effect of the common pattern in firm-level idiosyncratic volatility: Evidence from A-Share stocks of China

Science.gov (United States)

Su, Zhi; Shu, Tengjia; Yin, Libo

2018-05-01

Inspired by Herskovic et al. (2016), we investigate the pricing effect of the firm-level common idiosyncratic volatility (CIV) in China's A-Share market. Return tests indicate that lower CIV risk loadings bring higher returns significantly, while the pricing function of market volatility (MV) is inconsistent. Strategy that goes long the highest CIV-beta quintile and short the lowest CIV-beta quintile brings an annualized average return of 5%-7%. Our findings supplement Herskovic et al. (2016) by confirming a significantly negative relationship between CIV and stock returns in a developing market.

Consumers' price knowledge before, during, and after store visit

DEFF Research Database (Denmark)

Jensen, Birger Boutrup

Many attempts have been made to measure consumers' price knowledge for frequently purchased goods. However, the results have varied considerably and conflict with the results of reference price studies. This is the first study to examine consumers' price knowledge before, during, and after store...... visit, thus enabling a study of what consumers learn about prices during the store visit, and consequently the relationship between reference prices and episodic price knowledge. The project applies three measures of consumers' price knowledge corresponding to different levels of price information...

The Effects of Changing Input Costs on Food Prices

OpenAIRE

R. McFall Lamm; Paul C. Westcott

1981-01-01

The relationships between changes in food sector input costs and retail food prices are examined. Results indicate that increases in factor prices pass quickly to consumers, within two quarters for most foods. In addition, rising farm-level prices and substantial increases in nonfarm resource prices appear to explain why food prices rose more rapidly than nonfood prices in the 1970s. The analysis is based on a twenty-equation econometric model of the food-price determination process, specifie...

Temporal and spatial variations in on-road energy use and CO2 emissions in China, 1978–2008

International Nuclear Information System (INIS)

Liu, Yang; Wang, Yu; Huo, Hong

2013-01-01

China is experiencing rapid motorization and each city has a unique motorization pathway owing to its different characteristics and development progress. The temporal and spatial variation trend in on-road energy use and CO 2 emissions need to be better understood in order to project the future growth and to support policy-making at both local and national levels. This study simulates the on-road energy use and CO 2 emissions of all of China's prefectural-level cities (and above) from 1978 through 2008, on the basis of the collected vehicle data from hundreds of national and local statistical yearbooks. The results show that China's on-road energy use and CO 2 emissions were 119 million metric tons (MMT) and 377 MMT in 2008, respectively—20 times the levels in 1978. The economically developed cities and heavy industrial cities had the highest on-road energy use and CO 2 emissions before the year 2000, but recently the spatial distribution has varied significantly as the uptake of motorization increases successively in these cities. Now and in the near future, the most important driving force of the on-road energy and CO 2 growth in China is the great number of average cities that have just started or will soon start the motorization. - Highlights: • China's cities have unique motorization pathways due to their unique characteristics. • We simulate on-road energy use and CO 2 emissions of all cities in China in 1978–2008. • China's on-road energy use and CO 2 emissions in 2008 were 20 times the levels in 1978. • Large cities had the highest on-road energy usage but the growth rate is declining. • Non-large cities are the main impetus of the growth in China's on-road energy use

What Happens to Patterns of Food Consumption when Food Prices Change? Evidence from A Systematic Review and Meta-Analysis of Food Price Elasticities Globally.

Science.gov (United States)

Cornelsen, Laura; Green, Rosemary; Turner, Rachel; Dangour, Alan D; Shankar, Bhavani; Mazzocchi, Mario; Smith, Richard D

2015-12-01

Recent years have seen considerable interest in examining the impact of food prices on food consumption and subsequent health consequences. Fiscal policies targeting the relative price of unhealthy foods are frequently put forward as ways to address the obesity epidemic. Conversely, various food subsidy interventions are used in attempts to reduce levels of under-nutrition. Information on price elasticities is essential for understanding how such changes in food prices affect food consumption. It is crucial to know not only own-price elasticities but also cross-price elasticities, as food substitution patterns may have significant implications for policy recommendations. While own-price elasticities are common in analyses of the impact of food price changes on health, cross-price effects, even though generally acknowledged, are much less frequently included in analyses, especially in the public health literature. This article systematically reviews the global evidence on cross-price elasticities and provides combined estimates for seven food groups in low-income, middle-income and high-income countries alongside previously estimated own-price elasticities. Changes in food prices had the largest own-price effects in low-income countries. Cross-price effects were more varied and depending on country income level were found to be reinforcing, undermining or alleviating own-price effects. Copyright © 2014 John Wiley & Sons, Ltd.

Electricity prices in the Finnish retail market

International Nuclear Information System (INIS)

Lehto, Eero

2011-01-01

This study focuses, firstly, on the pricing of electricity in the Finnish retail market. In particular, the impact of the ownership structure on prices is tested empirically. Secondly, the influence of low-cost electricity sources on retail prices is considered. The question about whether the average fuel costs rather than the wholesale price determine the retail prices is thus addressed. The supply side behaviour characterised may explain the passivity of client activity in the seemingly competitive Finnish market. - Research highlights: → Ownership has a strong impact on retail prices in the Finnish electricity market. → Locally owned companies' rates are 5-15 per cent lower than investor owned companies' rates. → Own low cost acquisition of electricity helps local firms to keep prices at low levels.

Environmental status of the Hanford site for CY 1978

International Nuclear Information System (INIS)

Houston, J.R.; Blumer, P.J.

1979-08-01

Continued compliance of Hanford operations with all applicable state and federal environmental regulations, with the exception of suspended particulates from several steam power plants, was demonstrated by the environmental and effluent data collected during 1978. Included in the environmental data collected were measurements of external radiation, and radionuclide analyses of air samples, Columbia River water, other surface waters, wildlife, soil, and vegetation. Periodically all roadways, railways, and active as well as retired waste disposal sites were surveyed to detect any abnormal levels of radioactivity

The fiscal theory of the price level: a narrow theory for non-fiat money

OpenAIRE

Óscar J. Arce

2005-01-01

I examine the postulates of the Fiscal Theory of the Price Level (FTPL) under a nominal interest rate peg. First, I show that the usual definition of a non-Ricardian plan involves a number of government's non-credible policy commitments, thus confuting the interpretation of the FTPL as a policy-based equilibrium selection device. The main novelty of this criticism is that it is based on the same core assumptions maintained by this theory: there is a positive stock of governmentissued assets a...

List prices vs. bargain prices: which solution to estimate consumer price indices?

OpenAIRE

Carlo De Gregorio

2010-01-01

Alternative approaches to CPI surveys are here evaluated, in markets where final prices are based on some sort of price listing. Three types of surveys are compared: local surveys (LOC), with small samples and a local price collection; list price surveys (LIS), with huge samples and centralised collection; mixed surveys (MXD), in which LOC and LIS are jointly used. Based on a multiplicative pricing model, some conditions are derived to establish the relative efficiency of these approaches. Th...

Occupational radiation exposures in Canada - 1978

International Nuclear Information System (INIS)

Ashmore, J.P.; Fujimoto, K.R.; Wilson, J.A.; Grogan, D.

This 1978 report is the first in a series of annual reports on occupational radiation exposures in Canada. The data are derived from the Radiation Protection Bureau's National Dose Registry which includes dose records for radiation workers in Canada. The report presents average yearly doses by region and occupational category, dose distributions, and variation of average doses with time. Statistical data concerning investigations of overexposures are included and individual cases are briefly summarized where the maximum permissible dose is exceeded. The 1978 data indicate that the gradually decreasing trend of the last two decades may have changed. In a number of areas the overall average doses and the averages for some job categories have increasd over the corresponding values for 1977

Annotated bibliography of radioactive waste management publications at Pacific Northwest Laboratory, January 1978 through July 1982

International Nuclear Information System (INIS)

1982-09-01

This bibliography lists publications (831 abstracts) from the Pacific Northwest Laboratory's Department of Energy sponsored research and development programs from January 1978 through July of 1982. The abstracts are grouped in subject categories, as shown in the table of contents. Entries in the subject index also facilitate access by subject, e.g., High-Level Radioactive Wastes. Three indexes, each preceded by a brief description, are provided: personal author, subject, and report number. Cited are research reports, journal articles, books, patents, theses, and conference papers. Excluded are technical progress reports. Since 1978 the Nuclear Waste Management Quarterly Progress Report has been published under the series number PNL-3000. Beginning in 1982, this publication has been issued semiannually, under the series number PNL-4250. This bibliography is the successor to two others, BNWL-2201 (covering the years 1965-1976) and PNL-4050 (1975-1978). It is intended to provide a useful reference to literature in waste management written or compiled by PNL staff

Energy prices in the presence of plant indivisibilities

International Nuclear Information System (INIS)

Fischer, Ronald; Serra, Pablo

2003-01-01

In several countries (Chile, Bolivia, Argentina and Peru, among others), power plants are dispatched according to merit order, i.e. based on the marginal operating costs of the plants. In this scheme, the operating plant with the highest marginal cost sets the spot price at which firms trade the energy required to fulfill their contracts. The underlying peak-load pricing model assumes that plants can operate at any level up to capacity, whereas real power plants have minimum operating levels. This implies that a low cost plant might have to reduce its supply in order to accommodate the minimum operating level of a more expensive power plant. This paper derives the welfare maximizing price rules in this case and shows that the standard peak-load pricing rules no longer apply

Fiscal 1978 annual report of Japan Nuclear Ship Development Agency

International Nuclear Information System (INIS)

1979-01-01

In October, 1978, the nuclear ship Mutsu was moved to Sasebo Port from Ominato Port for shield repair and comprehensive safety check-up and repair; and this was a long-standing problem for the ship. In face of a new energy age, Japan Nuclear Ship Development Agency is endeavoring to bring up the nuclear ship technology in Japan to the top level in the world by successfully completing the n.s. Mutsu through perfect safety and reliability. For Japan, which is a leading country of shipbuilding and merchant shipping, the development of nuclear ships is extremely important. On the activities of the agency from April, 1978, to March, 1979, the following matters are described: safety check and shielding repair of the n.s. Mutsu; Maintenance of the n.s. Mutsu at Ominato and Sasebo ports and its sailing to Sasebo port; works at Sasebo port before and after the arrival of the n.s. Mutsu; maintenance works of the Mutsu facilities at Ominato port; governmental formalities for permission and approval; training of ship crew; administrative works. (J.P.N.)

Arbitrage Pricing, Capital Asset Pricing, and Agricultural Assets

OpenAIRE

Louise M. Arthur; Colin A. Carter; Fay Abizadeh

1988-01-01

A new asset pricing model, the arbitrage pricing theory, has been developed as an alternative to the capital asset pricing model. The arbitrage pricing theory model is used to analyze the relationship between risk and return for agricultural assets. The major conclusion is that the arbitrage pricing theory results support previous capital asset pricing model findings that the estimated risk associated with agricultural assets is low. This conclusion is more robust for the arbitrage pricing th...

Output Price Risk, Material Input Price Risk, and Price Margins: Evidence from the US Catfish Industry.

Directory of Open Access Journals (Sweden)

David Bouras

2017-07-01

Full Text Available Aim/purpose - To develop a conceptual model for analyzing the impact of output price risk and material input price risk on price margins. Design/methodology/approach - To analyze the combined effect of output price risk and material input risk on price margins, we use a series of comparative static analyses, GARCH models, and data ranging from 1990/01 to 2012/12. Findings - The theoretical results indicate that the impact of output price risk and the impact of material input price risk on price margins are ambiguous and, to a great extent, hinge on the correlation between output price and material input price. The empirical results show that whole frozen catfish price risk and live catfish price risk negatively affect the price margin for frozen catfish. The empirical results, however, indicate that the risk of the price of live catfish affects markedly the price margin for frozen whole catfish in contrast to the impact of the risk of the price of frozen whole catfish. Research implications/limitations - The empirical results have significant implications for managerial decision-making especially when crafting strategies for improving price margins. Accordingly, in order to beef up the price margin for frozen whole catfish, catfish processors may consider engaging in vertical integration. This paper has some limitations: first, it assumes that firms operate in competitive markets; second, it assumes that firms produce and sell a single product. Originality/value/contribution - Unlike earlier studies that focused solely on the effect of output price risk on price margins, this paper analyzes theoretically and empirically the impact of output price risk and material input price risk on price margins.

Effects of chronic low-level irradiation on Gambusia affinis

International Nuclear Information System (INIS)

Blaylock, B.G.; Frank, M.L.

1979-01-01

Since 1944, White Oak Lake (WOL), located on the Oak Ridge Reservation, has served as a final settling basin for low-level radioactive effluents from the Oak Ridge National Laboratory. Organisms inhabiting the lake have been exposed for many generations to chronic low-level radiation significantly higher than background. During the past decade, studies on Gambusia affinis from WOL have been carried out to relate estimated radiation doses to effects on the fitness of the Gambusia population. Results of studies on fecundity, temperature tolerance, and embryonic mortality have led to the conclusion that the Gambusia population in White Oak Lake has an increased frequency of deleterious and recessive lethal genes which may be attributed to the radiation exposure history. The frequency of nonviable embryos from WOL Gambusia did not change significantly from 1966 to 1978; however, it was still significantly greater than that of a control population. In July 1977, Gambusia from a control population were stocked into a 0.45-ha pond which had served as a low-level waste settling basin. The beta and gamma dose rate in this pond averaged from 37 rad/yr at the water surface, 394 rad/yr at mid-depth, and 1150 rad/yr at the surface of the sediments. Preliminary results from samples taken in August 1978 showed that although the frequency of nonviable embryos increased, the frequency was not significantly greater than that of the control parent population. Additional sampling of future generations of Gambusia in this pond will determine whether the frequency of nonviable embryos increases as succeeding generations are exposed to dose rates that are higher than the dose rates in WOL

Mid-level perceptual features distinguish objects of different real-world sizes.

Science.gov (United States)

Long, Bria; Konkle, Talia; Cohen, Michael A; Alvarez, George A

2016-01-01

Understanding how perceptual and conceptual representations are connected is a fundamental goal of cognitive science. Here, we focus on a broad conceptual distinction that constrains how we interact with objects--real-world size. Although there appear to be clear perceptual correlates for basic-level categories (apples look like other apples, oranges look like other oranges), the perceptual correlates of broader categorical distinctions are largely unexplored, i.e., do small objects look like other small objects? Because there are many kinds of small objects (e.g., cups, keys), there may be no reliable perceptual features that distinguish them from big objects (e.g., cars, tables). Contrary to this intuition, we demonstrated that big and small objects have reliable perceptual differences that can be extracted by early stages of visual processing. In a series of visual search studies, participants found target objects faster when the distractor objects differed in real-world size. These results held when we broadly sampled big and small objects, when we controlled for low-level features and image statistics, and when we reduced objects to texforms--unrecognizable textures that loosely preserve an object's form. However, this effect was absent when we used more basic textures. These results demonstrate that big and small objects have reliably different mid-level perceptual features, and suggest that early perceptual information about broad-category membership may influence downstream object perception, recognition, and categorization processes. (c) 2015 APA, all rights reserved).

Energy price uncertainty, energy intensity and firm investment

International Nuclear Information System (INIS)

Yoon, Kyung Hwan; Ratti, Ronald A.

2011-01-01

This paper examines the effect of energy price uncertainty on firm-level investment. An error correction model of capital stock adjustment is estimated with data on U.S. manufacturing firms. Higher energy price uncertainty is found to make firms more cautious by reducing the responsiveness of investment to sales growth. The result is robust to consideration of energy intensity by industry. The effect is greater for high growth firms. It must be emphasized that the direct effect of uncertainty is not estimated. Conditional variance of energy price is obtained from a GARCH model. Findings suggest that stability in energy prices would be conducive to greater stability in firm-level investment. (author)

Oklahoma forest industries, 1978

Science.gov (United States)

Victor A. Rudis; J. Greg Jones

1978-01-01

Oklahoma supplied 73 million cu ft of roundwood to forest industries in 1978, an increase of 13 percent since 1972, and 35 percent since 1975 (fig. 1). Pine made up four-fifths of the total. Sawlogs and pulpwood were the major products, accounting for 81 percent of the roundwood produced. Veneer logs accounted for 8 percent and the remainder was mostly posts.

Gas Price Formation, Structure and Dynamics

Energy Technology Data Exchange (ETDEWEB)

Davoust, R.

2008-07-01

similar paradigm. Gas-to-gas competition now prevails. Long-term contracting is still the dominant model in Continental Europe and Northeast Asia, because of their dependence on external imports. Thus, pricing there is more rigid, and due to an indexing clause, gas prices closely follow the tendency of oil markets (as we will see further, American and British prices are also coupled to oil, but for less contractual reasons). Logically, the first part of our study analyses North American gas prices, the second part European prices and the third part Asian prices. Since American and British gas markets exhibit the same nature and similar pricing features, it would be more relevant to treat them together. However, if these two markets are close conceptually, there is no specific price connection between them. Indeed, due to the presence of the Interconnector, a pipeline passing under the Channel, UK prices tend to be rather linked to the European Continent's. Therefore, in our paper, the case of the UK is simply studied inside Europe, although in a dedicated paragraph. While observing mid and long-period price series, we will obviously seek common trends, since price integration (convergence or simple correlation) is generally evidence in favor of market integration. Price indications will thus guide us with a view to answer two crucial questions: 1) Did liberalization policies succeed in the US and EU, in their attempt to make natural gas a freely traded commodity? 2) Is a world market for gas emerging? In other words, is natural gas becoming a worldwide traded commodity? The first question concerns intra-regional integration of markets: common price trends between local spot markets (in the case of the US), between member states (in the case of EU), and between piped gas and LNG (in both cases). The second question concerns inter-regional integration of markets. In this view, the case of LNG will be of an overriding importance. Indeed, the higher technical flexibility

Gas Price Formation, Structure and Dynamics

International Nuclear Information System (INIS)

Davoust, R.

2008-01-01

similar paradigm. Gas-to-gas competition now prevails. Long-term contracting is still the dominant model in Continental Europe and Northeast Asia, because of their dependence on external imports. Thus, pricing there is more rigid, and due to an indexing clause, gas prices closely follow the tendency of oil markets (as we will see further, American and British prices are also coupled to oil, but for less contractual reasons). Logically, the first part of our study analyses North American gas prices, the second part European prices and the third part Asian prices. Since American and British gas markets exhibit the same nature and similar pricing features, it would be more relevant to treat them together. However, if these two markets are close conceptually, there is no specific price connection between them. Indeed, due to the presence of the Interconnector, a pipeline passing under the Channel, UK prices tend to be rather linked to the European Continent's. Therefore, in our paper, the case of the UK is simply studied inside Europe, although in a dedicated paragraph. While observing mid and long-period price series, we will obviously seek common trends, since price integration (convergence or simple correlation) is generally evidence in favor of market integration. Price indications will thus guide us with a view to answer two crucial questions: 1) Did liberalization policies succeed in the US and EU, in their attempt to make natural gas a freely traded commodity? 2) Is a world market for gas emerging? In other words, is natural gas becoming a worldwide traded commodity? The first question concerns intra-regional integration of markets: common price trends between local spot markets (in the case of the US), between member states (in the case of EU), and between piped gas and LNG (in both cases). The second question concerns inter-regional integration of markets. In this view, the case of LNG will be of an overriding importance. Indeed, the higher technical flexibility of

Relative price level developments in the Baltic economies and lessons to learn from the crises. Suhteline hinnatase Balti riikide majandustes ja kriisikogemused

Directory of Open Access Journals (Sweden)

Meelis Angerma

2012-01-01

Full Text Available Estonia and other Baltic countries experienced speculative boom in years 2004-2008. The boom resulted in rapidly rising relative price level or real exchange rate. Euro wages are used as proxies for bilateral real exchange rates. Rapid reversal of capital inflow created instantly short-term real exchange rate overvaluation. The data shows that some other developing countries, like Poland and Russia let their price level to adjust through depreciation of nominal exchange rate. Estonia and other Baltic countries decided to go through adjustment with deflation of prices and wages. This contributed to higher unemployment rate and GDP loss. The most positive way out appears to be restoration of foreign investors interest in local economy and raising equilibrium real exchange rate reducing likely real exchange rate overvaluation. The other important implication was that local businessmen and other individuals were too much risk-takers for volatile emerging market economy.

Subject bibliography of radioactive waste management publications at Pacific Northwest Laboratory, 1975-1978

International Nuclear Information System (INIS)

Powell, J.A.

1981-10-01

This bibliography contains publications from 1975 to 1978 written by PNL staff. PNL translations are also announced in this document. The following areas are covered: actinides; airborne wastes; alternative waste forms; calcination; characterization; containers; decontamination; disposal; high-level wastes; liquid wastes; radionuclide migration; safety; separation processes; soils; solidification; storage; transport; transuranic waste; and vitrification

Exploring Impacts of Taxes and Hospitality Bans on Cigarette Prices and Smoking Prevalence Using a Large Dataset of Cigarette Prices at Stores 2001-2011, USA.

Science.gov (United States)

Ballester, Lance S; Auchincloss, Amy H; Robinson, Lucy F; Mayne, Stephanie L

2017-03-20

In the USA, little is known about local variation in retail cigarette prices; price variation explained by taxes, bans, and area-level socio-demographics, and whether taxes and hospitality bans have synergistic effects on smoking prevalence. Cigarette prices 2001-2011 from chain supermarkets and drug stores ( n = 2973) were linked to state taxes ( n = 41), state and county bar/restaurant smoking bans, and census block group socio-demographics. Hierarchical models explored effects of taxes and bans on retail cigarette prices as well as county smoking prevalence (daily, non-daily). There was wide variation in store-level cigarette prices in part due to differences in state excise taxes. Excise taxes were only partially passed onto consumers (after adjustment, $1 tax associated with $0.90 increase in price, p < 0.0001) and the pass-through was slightly higher in areas that had bans but did not differ by area-level socio-demographics. Bans were associated with a slight increase in cigarette price (after adjustment, $0.09 per-pack, p < 0.0001). Taxes and bans were associated with reduction in smoking prevalence and taxes had a stronger association when combined with bans, suggesting a synergistic effect. Given wide variation in store-level prices, and uneven state/county implementation of taxes and bans, more federal policies should be considered.

Compound Option Pricing under Fuzzy Environment

Directory of Open Access Journals (Sweden)

Xiandong Wang

2014-01-01

Full Text Available Considering the uncertainty of a financial market includes two aspects: risk and vagueness; in this paper, fuzzy sets theory is applied to model the imprecise input parameters (interest rate and volatility. We present the fuzzy price of compound option by fuzzing the interest and volatility in Geske’s compound option pricing formula. For each α, the α-level set of fuzzy prices is obtained according to the fuzzy arithmetics and the definition of fuzzy-valued function. We apply a defuzzification method based on crisp possibilistic mean values of the fuzzy interest rate and fuzzy volatility to obtain the crisp possibilistic mean value of compound option price. Finally, we present a numerical analysis to illustrate the compound option pricing under fuzzy environment.

Accounting for fuel price risk when comparing renewable togas-fired generation: the role of forward natural gas prices

Energy Technology Data Exchange (ETDEWEB)

Bolinger, Mark; Wiser, Ryan; Golove, William

2004-07-17

Unlike natural gas-fired generation, renewable generation (e.g., from wind, solar, and geothermal power) is largely immune to fuel price risk. If ratepayers are rational and value long-term price stability, then--contrary to common practice--any comparison of the levelized cost of renewable to gas-fired generation should be based on a hedged gas price input, rather than an uncertain gas price forecast. This paper compares natural gas prices that can be locked in through futures, swaps, and physical supply contracts to contemporaneous long-term forecasts of spot gas prices. We find that from 2000-2003, forward gas prices for terms of 2-10 years have been considerably higher than most contemporaneous long-term gas price forecasts. This difference is striking, and implies that comparisons between renewable and gas-fired generation based on these forecasts over this period have arguably yielded results that are biased in favor of gas-fired generation.

29 CFR 1978.103 - Investigation.

Science.gov (United States)

2010-07-01

... concerning the case. At such meeting OSHA may present additional allegations of violations which may have... Procedure Complaints, Investigations, Findings and Preliminary Orders § 1978.103 Investigation. (a) OSHA shall investigate and gather data concerning the case as it deems appropriate. (b) Within twenty days of...

Annual report, 1978

International Nuclear Information System (INIS)

1979-07-01

Operation of the TRIUMF facility at 30 μA became routine during 1978. The experimental program in nucleon-nucleon scattering changed course upon completion of measurement of Wolfenstein parameters at several energies. Research continued on forbidden decay modes of muons and pions. The thermal neutron facility was commissioned and used in experiments. Advances were made in π - cancer therapy. A pilot program for the distribution of 123 I to several hospitals was begun. A commercial program of neutron activation analysis started up. (LL)

7 CFR 1000.53 - Announcement of class prices, component prices, and advanced pricing factors.

Science.gov (United States)

2010-01-01

... advanced pricing factors. 1000.53 Section 1000.53 Agriculture Regulations of the Department of Agriculture..., component prices, and advanced pricing factors. (a) On or before the 5th day of the month, the market... administrator for each Federal milk marketing order shall announce the following prices and pricing factors for...

Oak Ridge TNS Program: summary of FY 1978 activities

International Nuclear Information System (INIS)

Steiner, D.; Becraft, W.R.; Brown, T.G.

1979-07-01

The Next Step (TNS) represents the stage of fusion energy development in which the major emphasis is on engineering testing and demonstration. In this document, the activities of the Oak Ridge TNS Program for FY 1978 are described and summarized. The Reference Design that has evolved from these activities is described, its operating characteristics are examined, and project planning issues are considered. Major conclusions from the FY 1978 effort are stated

Research in the nuclear sciences: summaries of FY 1978

International Nuclear Information System (INIS)

1978-06-01

Programs funded in fiscal year 1978 by the Division of Nuclear Sciences/Office of Basic Energy Sciences are summarized. Each summary is preceded by a heading that includes institution, title, principal investigators, budget reporting category, and operating funds provided in FY 1978. The summaries are presented in alphabetical order by institution. Indexes are appended to facilitate the location of a summary according to an investigator's name or a budget reporting category

A Study on the Risk Reduction Effect by MLCS (Mid-loop Level Control System) of EUAPR using the Low-Power and Shutdown PSA Result

International Nuclear Information System (INIS)

Lee, Keunsung; Choi, Sunmi; Kim, Eden

2016-01-01

The EU-APR design has been developed in order to expand and diversify the global nuclear power market of APR1400. For the improvement of shutdown risk for the EUAPR, the mid-loop level control system (MLCS) is considered during mid-loop operation for the EU-APR, which is not incorporated into SKN 3 and 4 (APR1400 Type) in Korea. Commonly, the risk associated with the NPP can be identified through the PSA. Thus, this paper discusses the low power and shutdown (LPSD) risk reduction effect by MLCS using the Low-Power and Shutdown PSA Result. LPSD level 1 PSA models for EU-APR have been developed. The risk reduction effect by MLCS is discussed. Because the loss of shutdown cooling function during mid-loop is one of the most vulnerable events, the MLCS have a significant influence on CDF in LPSD PSA. The shutdown risk of domestic power plants would likely be reduced if the MLCS is adopted in all operating NPPs in Korea during the mid-loop operation. It is expected that this work will contribute to reduce shutdown risk of domestic power plants

Ex-vessel Fish Price Database: Disaggregating Prices for Low-Priced Species from Reduction Fisheries

Directory of Open Access Journals (Sweden)

Travis C. Tai

2017-11-01

Full Text Available Ex-vessel fish prices are essential for comprehensive fisheries management and socioeconomic analyses for fisheries science. In this paper, we reconstructed a global ex-vessel price database with the following areas of improvement: (1 compiling reported prices explicitly listed as “for reduction to fishmeal and fish oil” to estimate prices separately for catches destined for fishmeal and fish oil production, and other non-direct human consumption purposes; (2 including 95% confidence limit estimates for each price estimation; and (3 increasing the number of input data and the number of price estimates to match the reconstructed Sea Around Us catch database. Our primary focus was to address this first area of improvement as ex-vessel prices for catches destined for non-direct human consumption purposes were substantially overestimated, notably in countries with large reduction fisheries. For example in Peru, 2010 landed values were estimated as 3.8 billion real 2010 USD when using separate prices for reduction fisheries, compared with 5.8 billion using previous methods with only one price for all end-products. This update of the price database has significant global and country-specific impacts on fisheries price and landed value trends over time.

Modelling weather effects for impact analysis of residential time-of-use electricity pricing

International Nuclear Information System (INIS)

Miller, Reid; Golab, Lukasz; Rosenberg, Catherine

2017-01-01

Analyzing the impact of pricing policies such as time-of-use (TOU) is challenging in the presence of confounding factors such as weather. Motivated by a lack of consensus and model selection details in prior work, we present a methodology for modelling the effect of weather on residential electricity demand. The best model is selected according to explanatory power, out-of-sample prediction accuracy, goodness of fit and interpretability. We then evaluate the effect of mandatory TOU pricing in a local distribution company in southwestern Ontario, Canada. We use a smart meter dataset of over 20,000 households which is particularly suited to our analysis: it contains data from the summer before and after the implementation of TOU pricing in November 2011, and all customers transitioned from tiered rates to TOU rates at the same time. We find that during the summer rate season, TOU pricing results in electricity conservation across all price periods. The average demand change during on-peak and mid-peak periods is −2.6% and −2.4% respectively. Changes during off-peak periods are not statistically significant. These TOU pricing effects are less pronounced compared to previous studies, underscoring the need for clear, reproducible impact analyses which include full details about the model selection process. - Highlights: • We study models for the effect of weather on residential electricity demand. • We evaluate the effect of mandatory TOU pricing in a local distribution company in Ontario, Canada. • We find the effect of TOU pricing to be less pronounced compared to previous studies.

Stochastic modeling of economic injury levels with respect to yearly trends in price commodity.

Science.gov (United States)

Damos, Petros

2014-05-01

The economic injury level (EIL) concept integrates economics and biology and uses chemical applications in crop protection only when economic loss by pests is anticipated. The EIL is defined by five primary variables: the cost of management tactic per production unit, the price of commodity, the injury units per pest, the damage per unit injury, and the proportionate reduction of injury averted by the application of a tactic. The above variables are related according to the formula EIL = C/VIDK. The observable dynamic alteration of the EIL due to its different parameters is a major characteristic of its concept. In this study, the yearly effect of the economic variables is assessed, and in particular the influence of the parameter commodity value on the shape of the EIL function. In addition, to predict the effects of the economic variables on the EIL level, yearly commodity values were incorporated in the EIL formula and the generated outcomes were further modelled with stochastic linear autoregressive models having different orders. According to the AR(1) model, forecasts for the five-year period of 2010-2015 ranged from 2.33 to 2.41 specimens per sampling unit. These values represent a threshold that is in reasonable limits to justify future control actions. Management actions as related to productivity and price commodity significantly affect costs of crop production and thus define the adoption of IPM and sustainable crop production systems at local and international levels. This is an open access paper. We use the Creative Commons Attribution 3.0 license that permits unrestricted use, provided that the paper is properly attributed.

``Power pricing`` in a competitive environment - from a cost-plus calculation to market oriented pricing; Strom-Pricing im Wettbewerb - Von der Kosten-Plus- zur marktfaehigen Preispolitik

Energy Technology Data Exchange (ETDEWEB)

Laker, M.; Herr, S. [Unternehmensberatung Simon Kucher und Partners, Bonn (Germany)]|[Strategy and Marketing Consultants GmbH, Cambridge, MA (United States)

1998-06-29

The days when electricity contracts were standardized with few modifications catered to customer needs are over. In liberalized electricity markets, pricing has become significantly more important. Survival in this competitive environment hinges not only on the absolute price level, but in particular on opportunities for price differentiation. The following article focuses on measures to create flexible pricing and contractual schemes. (orig.) [Deutsch] Die Zeiten einheitlicher Stromvertraege mit geringen Modifikationen sind vorbei. Durch die Liberalisierung des Strommarktes ist die Bedeutung des Preises drastisch gestiegen. Um im Wettbewerb ueberleben zu koennen, spielen nicht nur die absolute Preishoehe, sondern vor allem die Moeglichkeiten zur Preisdifferenzierung eine entscheidende Rolle. Erfolgversprechende Massnahmen zur flexiblen Preis- und Vertragsgestaltung stehen im Mittelpunkt dieses Aufsatzes. (orig.)

Pharmaceutical pricing, price controls, and their effects on pharmaceutical sales and research and development expenditures in the European Union.

Science.gov (United States)

Vogel, Ronald J

2004-08-01

Each country in the European Union (EU) currently employs direct price controls or permutations of direct price controls, such as reference pricing or limitations on returns to capital. Some countries also use volume controls. A new proposal that is being discussed would have all of the countries in the EU adopt uniform pricing for each pharmaceutical. This paper analyzes the economic effects of free-market pricing individual-country price controls, and uniform EU price controls. Microeconomic and mathematical models were used to simulate and predict probable economic outcomes in a comparative static setting. Price controls may be in the form of price ceilings or price floors. Both forms of price control generate deadweight economic losses in the short run and long run. A uniform EU price for each pharmaceutical sold there would have elements of a price ceiling in some of the countries and of a price floor in other countries. The deadweight loss incurred would be a function of the level at which the uniform price was set by the EU and the price elasticity of demand for each pharmaceutical in each country. Economic efficiency is maximized in both the short run and long run when prices are set in freely competitive markets. An additional important dimension of Ramsey pricing within a competitive context is that it generates funds for investment in pharmaceutical research and development, which enhances economic efficiency in the long run.

Regulated and unregulated Nordic retail prices

International Nuclear Information System (INIS)

Johnsen, Tor Arnt; Olsen, Ole Jess

2011-01-01

Nordic residential electricity consumers can now choose among a number of contracts and suppliers. A large number of households have continued to purchase electricity from the incumbent supplier at default contract terms. In this paper, we compare the situation for such passive customers. Danish default prices are regulated whereas default prices in the other countries are unregulated. Systematic price differences exist among the Nordic countries. However, as wholesale prices sometimes differ the gross margin is a more relevant indicator. Regulated gross margins are lower in Denmark than in Sweden but higher than in Norway and Finland. Because of market design Norwegian default contracts are competitive whereas Swedish contracts provide the retailer with some market power. We interpret the low Finnish margins as a result of municipal retailers continuing traditional pricing from the monopoly period. Danish margins are higher than the competitive Norwegian margins but are earned from a much lower level of consumption. The annually margins earned per consumer are very close in the two countries, which indicates that the Danish regulation is achieving its objective of approaching competitive prices. - Highlights: → Prices of active and passive Nordic residential electricity consumers are compared. → Active consumers get lower prices in Sweden but not in Norway. → Prices of passive consumers differ considerably among the four Nordic countries. → Danish regulated prices compare well with unregulated prices in the other countries. → Passive consumers in Finland have low prices compared with the other countries.

Regulated and unregulated Nordic retail prices

Energy Technology Data Exchange (ETDEWEB)

Johnsen, Tor Arnt, E-mail: tor.a.johnsen@bi.no [Norwegian School of Management BI, NO-0442 Oslo (Norway); Olsen, Ole Jess, E-mail: ojo@ruc.dk [Department of Environmental, Social and Spatial Change (ENSPAC), Roskilde University, Building 10.1, Universitetsvej 1, DK-4000, Roskilde (Denmark)

2011-06-15

Nordic residential electricity consumers can now choose among a number of contracts and suppliers. A large number of households have continued to purchase electricity from the incumbent supplier at default contract terms. In this paper, we compare the situation for such passive customers. Danish default prices are regulated whereas default prices in the other countries are unregulated. Systematic price differences exist among the Nordic countries. However, as wholesale prices sometimes differ the gross margin is a more relevant indicator. Regulated gross margins are lower in Denmark than in Sweden but higher than in Norway and Finland. Because of market design Norwegian default contracts are competitive whereas Swedish contracts provide the retailer with some market power. We interpret the low Finnish margins as a result of municipal retailers continuing traditional pricing from the monopoly period. Danish margins are higher than the competitive Norwegian margins but are earned from a much lower level of consumption. The annually margins earned per consumer are very close in the two countries, which indicates that the Danish regulation is achieving its objective of approaching competitive prices. - Highlights: > Prices of active and passive Nordic residential electricity consumers are compared. > Active consumers get lower prices in Sweden but not in Norway. > Prices of passive consumers differ considerably among the four Nordic countries. > Danish regulated prices compare well with unregulated prices in the other countries. > Passive consumers in Finland have low prices compared with the other countries.

When do price thresholds matter in retail categories?

OpenAIRE

Pauwels, Koen; Srinivasan, Shuba; Franses, Philip Hans

2007-01-01

textabstractMarketing literature has long recognized that brand price elasticity need not be monotonic and symmetric, but has yet to provide generalizable market-level insights on threshold-based price elasticity, asymmetric thresholds, and the sign and magnitude of elasticity transitions. This paper introduces smooth transition regression models to study threshold-based price elasticity of the top 4 brands across 20 fast-moving consumer good categories. Threshold-based price elasticity is fo...

Atomic Energy Board, Republic of South Africa, twenty second annual report, 1978

International Nuclear Information System (INIS)

1979-01-01

Progress is reported on the following: nuclear materials, nuclear power, application of radioisotopes and radiation, health and safety and fundamental studies undertaken in the fields of physics, chemistry, metallurgy, medicine and geology during 1978. The supporting activities of the computer services, engineering services, waste disposal plant, instrumentation section, research reactor and analytical services are given for 1978. The report contains a bibliography of publications published by staff members and bursars of the Atomic Energy Board during 1978

Price strategy and pricing strategy: terms and content identification

OpenAIRE

Panasenko Tetyana

2015-01-01

The article is devoted to the terminology and content identification of seemingly identical concepts "price strategy" and "pricing strategy". The article contains evidence that the price strategy determines the direction, principles and procedure of implementing the company price policy and pricing strategy creates a set of rules and practical methods of price formation in accordance with the pricing strategy of the company.

[Impact of mid-level management and support on the performance of a district health system in the Democratic Republic of the Congo].

Science.gov (United States)

Kahindo, M J B; Schirvel, C; Karemere, H; Mitangala, P; Wodon, A; Porignon, D

2011-04-01

The aim of this study was to assess the contribution of mid-level management and support practices to the overall performance of a district healthcare system. This case study was carried out in the North Kivu Province of the Democratic Republic of the Congo. It was based on analysis of (i) preventive and curative healthcare services and (ii) management and support practices provided from 2000 to 2008. In response to recurring sociopolitical unrest since 1992, the mid-level health system (provincial level) in North Kivu has strengthened management and support practices. The main goals have been to optimize allocation of interventions by external emergency organizations and integration of specialized program activities, to harmonize intervention techniques implemented by external partners, to standardize supervision of sanitary districts with regard to care provider skills, and to adapt strategic options defined by the Ministry of Health to the provincial level. Using this comprehensive approach, the performance of the North Kivu Province in terms of curative and preventive care has exceeded the national average since 2001. Between 2001 and 2008, use of curative services progressed from 0.36 to 0.50 new cases/capita/year. Positive results have also been recorded for infrastructure coverage, essential medicine stock, health information system, and emergency preparedness. Stronger mid-level management and support practices have improved care activities in the health district while protecting the population from unstructured interventions by emergency organizations or specialized programs. A comprehensive management approach has also improved the resilience of the district and increased its contribution to Millennium Development Goals.

Value based pricing: the least valued pricing strategy

OpenAIRE

Hoenen, Bob

2017-01-01

Pricing has been one of the least researched topics in marketing, although within these pricing strategies: cost-plus pricing is considered as the leading pricing strategy worldwide. Why should companies use such an unprofitable strategy, where fighting for a higher market share due to low prices is more a rule than exception? VBP is one of the most underestimated strategies by organizations. The definition of VBP is: 'value pricing applies to products that have the potential of being differe...

Exporter Price Response to Exchange Rate Changes

DEFF Research Database (Denmark)

Fosse, Henrik Barslund

Firms exporting to foreign markets face a particular challenge: to price their exports in a foreign market when the exchange rate changes. This paper takes on pricing- to-market using a unique data set that covers rm level monthly trade at great detail. As opposed to annual trade ows, monthly trade...... theoretical contributions to the litterature on pricing-to-market and exchange rate pass-through....

Research in the nuclear sciences: summaries of FY 1978

Energy Technology Data Exchange (ETDEWEB)

1978-06-01

Programs funded in fiscal year 1978 by the Division of Nuclear Sciences/Office of Basic Energy Sciences are summarized. Each summary is preceded by a heading that includes institution, title, principal investigators, budget reporting category, and operating funds provided in FY 1978. The summaries are presented in alphabetical order by institution. Indexes are appended to facilitate the location of a summary according to an investigator's name or a budget reporting category. (RWR)

48 CFR 36.207 - Pricing fixed-price construction contracts.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Pricing fixed-price... Contracting for Construction 36.207 Pricing fixed-price construction contracts. (a) Generally, firm-fixed... methods. (b) Lump-sum pricing shall be used in preference to unit pricing except when— (1) Large...

Outpatient provider concentration and commercial colonoscopy prices.

Science.gov (United States)

Pozen, Alexis

2015-01-01

The objective was to evaluate the magnitude of various contributors to outpatient commercial colonoscopy prices, including market- and provider-level factors, especially market share. We used adjudicated fee-for-service facility claims from a large commercial insurer for colonoscopies occurring in hospital outpatient department or ambulatory surgery center from October 2005 to December 2012. Claims were matched to provider- and market-level data. Linear fixed effects regressions of negotiated colonoscopy price were run on provider, system, and market characteristics. Markets were defined as counties. There were 178,433 claims from 169 providers (104 systems). The mean system market share was 76% (SD = 0.34) and the mean real (deflated) price was US$1363 (SD = 374), ranging from US$169 to US$2748. For every percentage point increase in a system or individual facility's bed share, relative price increased by 2 to 4 percentage points; this result was stable across a number of specifications. Market population and price were also consistently positively related, though this relation was small in magnitude. No other factor explained price as strongly as market share. Price variation for colonoscopy was driven primarily by market share, of particular concern as the number of mergers increases in wake of the recession and the Affordable Care Act. Whether variation is justified by better quality care requires further research to determine whether quality is subsumed in prices. © The Author(s) 2015.

The role of enduring involvement in the relationship between reference price and price acceptance in the context of multichannel choice

OpenAIRE

Gyulavári, Tamás; Kolos, Krisztina; Kenesei, Zsófia

2011-01-01

Understanding online price acceptance and its determining factors can be essential if the companies try to manage different type of channels. The paper aimed to reveal the role of enduring involvement in price acceptance in a multichannel (online and offline) context. The study revealed that the hedonic value of shopping can increase the negative intention of price acceptance in the online channel, but also explored that for the segment without shopping motivations a similar price level can b...

Price strategy and pricing strategy: terms and content identification

Directory of Open Access Journals (Sweden)

Panasenko Tetyana

2015-11-01

Full Text Available The article is devoted to the terminology and content identification of seemingly identical concepts "price strategy" and "pricing strategy". The article contains evidence that the price strategy determines the direction, principles and procedure of implementing the company price policy and pricing strategy creates a set of rules and practical methods of price formation in accordance with the pricing strategy of the company.

Financial Constraints and Nominal Price Rigidities

DEFF Research Database (Denmark)

Menno, Dominik Francesco; Balleer, Almut; Hristov, Nikolay

This paper investigates how financial market imperfections and the frequency of price adjustment interact. Based on new firm-level evidence for Germany, we document that financially constrained firms adjust prices more often than their unconstrained counterparts, both upwards and downwards. We show...... that these empirical patterns are consistent with a partial equilibrium menu-cost model with a working capital constraint. We then use the model to show how the presence of financial frictions changes profits and the price distribution of firms compared to a model without financial frictions. Our results suggest...... that tighter financial constraints are associated with higher nominal rigidities, higher prices and lower output. Moreover, in response to aggregate shocks, aggregate price rigidity moves substantially, the response of inflation is dampened, while output reacts more in the presence of financial frictions...

Pricing end-of-life components

Science.gov (United States)

Vadde, Srikanth; Kamarthi, Sagar V.; Gupta, Surendra M.

2005-11-01

The main objective of a product recovery facility (PRF) is to disassemble end-of-life (EOL) products and sell the reclaimed components for reuse and recovered materials in second-hand markets. Variability in the inflow of EOL products and fluctuation in demand for reusable components contribute to the volatility in inventory levels. To stay profitable the PRFs ought to manage their inventory by regulating the price appropriately to minimize holding costs. This work presents two deterministic pricing models for a PRF bounded by environmental regulations. In the first model, the demand is price dependent and in the second, the demand is both price and time dependent. The models are valid for single component with no inventory replenishment sale during the selling horizon . Numerical examples are presented to illustrate the models.

Out of gas: Tenneco in the era of natural gas regulation, 1938--1978

Science.gov (United States)

Raley, David

2011-12-01

Federal regulation over the natural gas industry spanned 1938--1978, during which time both the industry and the nature of the regulation changed. The original intent of the law was to reform an industry stagnating because of the Depression, but regulation soon evolved into a public-private partnership to win World War II, then to a framework for the creation and management of a nationwide natural gas grid in the prosperous post-war years, and finally to a confused and chaotic system of wellhead price regulation which produced shortages and discouraged new production during the 1950s and 1960s. By the 1970s, regulation had become ineffective, leading to deregulation in 1978. The natural gas industry operated under the oversight of the Federal Power Commission (FPC) which set gas rates, regulated profits and competition, and established rules for entry and exit into markets. Over the course of four decades, the FPC oversaw the development of a truly national industry built around a system of large diameter pipelines. Tennessee Gas Transmission Company (later Tenneco) was an integral part of this industry. At first, Tenneco prospered under regulation. Regulation provided Tenneco with the means to build its first pipeline and a secure revenue stream for decades. A series of conflicts with the FPC and the difficulties imposed by the Phillips vs. Wisconsin case in 1954 soon interfered with the ambitious long-term goals of Tenneco CEO and president Gardiner Symonds. Tenneco first diversified into unregulated businesses in the 1940s, which accelerated as regulatory changes constrained the company's growth. By the 1960s the company was at the forefront of the conglomeration movement, when Tenneco included a variety of disparate businesses, including oil and gas production, chemicals, consumer packaging, manufacturing, shipbuilding, and food production, among others. Gas transmission became a minority interest in Tenneco's portfolio as newer and larger divisions

Negotiation of coal price in 1987

Energy Technology Data Exchange (ETDEWEB)

Chimura, Akira

1987-12-01

Price and amount of coking coal for the fiscal year 1987 was announced. Contracted coals were 5 types with Australia and 4 types with Canada by end Jan, 1987. Average price came down from 47.72 US dollar/t to 43.57, i.e., 4.15 US dollar/t price decline to the previous year. In addition, the number of the branded coal are negotiated with Australia is 23 cases, 5 brands with Canada, 1 with South Australia, 2 with USSR, and 3 with China. General trend of the price is as follows: Coking coal price is influenced by the decrease of the Japanese steel production as well as the world-wide surplus of coal, and all import prices have gone down except semi-caking coal of USA. Price level is very high in USA and Canada, but is low in Australia and others. Recently, strikes are frequent in South Africa and Canada; profit of coal mines is coming down; US dollar rate is sinking; contract quantity is shrinking; these give an estimate that both general coal and coking coal prices will not so easily go down further. (10 tabs)

The 1978 Macmillan Education Lecture

Science.gov (United States)

Williams, Shirley

1978-01-01

This is the text of the lecture of the British Secretary of State for Education and Science given at the 1978 Meeting of the Association for Science Education (ASE). Three themes are presented; (1) British innovative science curricula; (2) relationship between science and technology; and (3) science for non-scientist. (HM)

Laser program. Annual report, 1978

International Nuclear Information System (INIS)

Monsler, M.J.; Jarman, B.D.

1979-03-01

An overview of the entire program is given. The overview previews the report, highlights progress in 1978, and summarizes the facilities and resources of the laser program. The Argus, Shiva, and Nova facilities are described. The theory of fusion target design is discussed along with specialized techniques of target fabrication

Logistics: Price Rises Incurred by High Oil Price

Institute of Scientific and Technical Information of China (English)

Lai Zhihui

2011-01-01

@@ "When the oil price grows by 100%, the logistic indus-try will see a price growth of 40%, while the logistics in-dustry a price rise of 35%, which means every price increase of 5% in the oil price will bring along that of 2% in this industry." said Liu Zongsheng, General Manager of Itochu Logistics Co., Ltd., on the seminar "Focusing on the eco-nomic consequences of raising oil price, interest rate and deposit reserve ratio", which was held recently.

Price and expenditure elasticities of residential energy demand during urbanization: An empirical analysis based on the household-level survey data in China

International Nuclear Information System (INIS)

Sun, Chuanwang; Ouyang, Xiaoling

2016-01-01

Urbanization, one of the most obvious characteristics of economic growth in China, has an apparent “lock-in effect” on residential energy consumption pattern. It is expected that residential sector would become a major force that drives China's energy consumption after urbanization process. We estimate price and expenditure elasticities of residential energy demand using data from China's Residential Energy Consumption Survey (CRECS) that covers households at different income levels and from different regional and social groups. Empirical results from the Almost Ideal Demand System model are in accordance with the basic expectations: the demands for electricity, natural gas and transport fuels are inelastic in the residential sector due to the unreasonable pricing mechanism. We further investigate the sensitivities of different income groups to prices of the three types of energy. Policy simulations indicate that rationalizing energy pricing mechanism is an important guarantee for energy sustainable development during urbanization. Finally, we put forward suggestions on energy pricing reform in the residential sector based on characteristics of China's undergoing urbanization process and the current energy consumption situations.

What price quitting? The price of cigarettes at which smokers say they would seriously consider trying to quit.

Science.gov (United States)

Scollo, Michelle; Hayes, Linda; Wakefield, Melanie

2013-07-13

Deciding on an appropriate level for taxes on tobacco products is a critical issue in tobacco control. The aim of the present study was to describe the critical price points for packs for smokers of each pack size, to calculate what this would equate to in terms of price per stick, and to ascertain whether price points varied by age, socio-economic status and heaviness of smoking. In November 2011, 586 Victorian smokers of factory-made cigarettes were asked during a telephone survey about their usual brand, including the size and cost of their usual pack. They were also asked about use of illicit tobacco. Smokers estimated what price their preferred pack would need to reach before they would seriously consider quitting. Three-quarters of regular smokers of manufactured cigarettes could envisage their usual brand reaching a price at which they would seriously consider quitting. Analyses revealed that answers clustered around whole numbers, (AUD$15, $20, $25 and $30), with a median nominated price point of AUD$20 per pack. The median price point at which regular smokers would consider quitting was calculated to be 80 cents per stick, compared to the current median reported stick price of 60 cents.Of the smokers who nominated a price point, 60.1% indicated they would seriously consider quitting if the cost of their usual brand equated to 80 cents per stick or less; 87.5% would seriously consider quitting if sticks reached one dollar each. These results do suggest a potentially useful approach to setting taxes in Australia. If taxes can be set high enough to ensure that the cost of the smokers' preferred packs exceeds critical price points, then it seems likely that more people would seriously attempt to quit than if the price increased to a level even slightly below the price points. Our study suggests that a tax increase large enough to ensure that a typical pack of 25 cigarettes in Australia cost at least AUD$20 would prompt more than 60% of smokers able to nominate

When Do Price Thresholds Matter in Retail Categories?

OpenAIRE

Koen Pauwels; Shuba Srinivasan; Philip Hans Franses

2007-01-01

Marketing literature has long recognized that brand price elasticity need not be monotonic and symmetric, but has yet to provide generalizable market-level insights on threshold-based price elasticity, asymmetric thresholds, and the sign and magnitude of elasticity transitions. This paper introduces smooth transition regression models to study threshold-based price elasticity of the top 4 brands across 20 fast-moving consumer good categories. Threshold-based price elasticity is found for 76% ...

A Markov model assessing the impact on primary care practice revenues and patient's health when using mid-level providers, lesson learned from the United Kingdom.

Science.gov (United States)

Hill, Harry; Macey, Richard; Brocklehurst, Paul

2017-09-01

To evaluate the cost-effectiveness of using mid-level providers for dental "check-up" examinations and the treatment of caries in different NHS settings in the United Kingdom. Mid-level providers are a broad category that describes non-dentist members of dental teams. This study focused on the potential use of Dental Hygiene Therapists undertaking dental "check-up" examinations and simple restorative treatment, instead of dentists. A Markov model was used to construct the natural history of caries development in adults that visit a dental practice every six months over a five-year period. Three cost perspectives are taken: those borne to dental healthcare providers in England and Wales, Northern Ireland and Scotland. These represent three separate forms of retrospective payment system that are currently in use in the United Kingdom. The cost outcome was the average amount of retained practice earnings required to provide healthcare per patient visit. The health outcome was the average length of time in a cavity-free state and the cost-effectiveness outcome was incremental cost for six months in a cavity-free state. No statistical difference was found between dentists and mid-level providers in the length of time in a cavity-free state but the use of the latter saved money in all three NHS health system jurisdictions. This ranged from £7.85 (England and Wales) to £9.16 (Northern Ireland) per patient visit ($10.20 to $11.90, respectively) meaning the incremental cost for six month in a cavity-free state ranged from £261.67 ($339.93) in England and Wales to £305.33 ($369.68) in Northern Ireland. Further, changes in baseline assumptions and parameter values did not change mid-level providers being the dominant service intervention. In a time of limited funds for dental services, these results suggest that resources in public funded systems could be saved using mid-level providers in dental practices, without any health risk to patients or capital investment. �

Accounting for fuel price risk when comparing renewable to gas-fired generation: the role of forward natural gas prices

International Nuclear Information System (INIS)

Bolinger, Mark; Wiser, Ryan; Golove, William

2006-01-01

Unlike natural gas-fired generation, renewable generation (e.g., from wind, solar, and geothermal power) is largely immune to fuel price risk. If ratepayers are rational and value long-term price stability, then-contrary to common practice-any comparison of the levelized cost of renewable to gas-fired generation should be based on a hedged gas price input, rather than an uncertain gas price forecast. This paper compares natural gas prices that can be locked in through futures, swaps, and physical supply contracts to contemporaneous long-term forecasts of spot gas prices. We find that from 2000 to 2003, forward gas prices for terms of 2-10 years have been considerably higher than most contemporaneous long-term gas price forecasts. This difference is striking, and implies that comparisons between renewable and gas-fired generation based on these forecasts over this period have arguably yielded results that are biased in favor of gas-fired generation

Enhancing medicine price transparency through price information mechanisms.

Science.gov (United States)

Hinsch, Michael; Kaddar, Miloud; Schmitt, Sarah

2014-05-08

Medicine price information mechanisms provide an essential tool to countries that seek a better understanding of product availability, market prices and price compositions of individual medicines. To be effective and contribute to cost savings, these mechanisms need to consider prices in their particular contexts when comparing between countries. This article discusses in what ways medicine price information mechanisms can contribute to increased price transparency and how this may affect access to medicines for developing countries. We used data collected during the course of a WHO project focusing on the development of a vaccine price and procurement information mechanism. The project collected information from six medicine price information mechanisms and interviewed data managers and technical experts on key aspects as well as observed market effects of these mechanisms.The reviewed mechanisms were broken down into categories including objective and target audience, as well as the sources, types and volumes of data included. Information provided by the mechanisms was reviewed according to data available on medicine prices, product characteristics, and procurement modalities. We found indications of positive effects on access to medicines resulting from the utilization of the reviewed mechanisms. These include the uptake of higher quality medicines, more favorable results from contract negotiations, changes in national pricing policies, and the decrease of prices in certain segments for countries participating in or deriving data from the various mechanisms. The reviewed mechanisms avoid the methodological challenges observed for medicine price comparisons that only use national price databases. They work with high quality data and display prices in the appropriate context of procurement modalities as well as the peculiarities of purchasing countries. Medicine price information mechanisms respond to the need for increased medicine price transparency and have the

Dynamic Pricing

DEFF Research Database (Denmark)

Sharifi, Reza; Anvari-Moghaddam, Amjad; Fathi, S. Hamid

2017-01-01

Dynamic pricing scheme, also known as real-time pricing (RTP), can be more efficient and technically beneficial than the other price-based schemes (such as flat-rate or time-of-use (TOU) pricing) for enabling demand response (DR) actions. Over the past few years, advantages of RTP-based schemes h...... of dynamic pricing can lead to increased willingness of consumers to participate in DR programs which in turn improve the operation of liberalized electricity markets.......Dynamic pricing scheme, also known as real-time pricing (RTP), can be more efficient and technically beneficial than the other price-based schemes (such as flat-rate or time-of-use (TOU) pricing) for enabling demand response (DR) actions. Over the past few years, advantages of RTP-based schemes...

Pharmaceutical policies: effects of reference pricing, other pricing, and purchasing policies.

Science.gov (United States)

Acosta, Angela; Ciapponi, Agustín; Aaserud, Morten; Vietto, Valeria; Austvoll-Dahlgren, Astrid; Kösters, Jan Peter; Vacca, Claudia; Machado, Manuel; Diaz Ayala, Diana Hazbeydy; Oxman, Andrew D

2014-10-16

Pharmaceuticals are important interventions that could improve people's health. Pharmaceutical pricing and purchasing policies are used as cost-containment measures to determine or affect the prices that are paid for drugs. Internal reference pricing establishes a benchmark or reference price within a country which is the maximum level of reimbursement for a group of drugs. Other policies include price controls, maximum prices, index pricing, price negotiations and volume-based pricing. To determine the effects of pharmaceutical pricing and purchasing policies on health outcomes, healthcare utilisation, drug expenditures and drug use. We searched the Cochrane Central Register of Controlled Trials (CENTRAL), part of The Cochrane Library (including the Effective Practice and Organisation of Care Group Register) (searched 22/10/2012); MEDLINE In-Process & Other Non-Indexed Citations and MEDLINE, Ovid (searched 22/10/2012); EconLit, ProQuest (searched 22/10/2012); PAIS International, ProQuest (searched 22/10/2012); World Wide Political Science Abstracts, ProQuest (searched 22/10/2012); INRUD Bibliography (searched 22/10/2012); Embase, Ovid (searched 14/12/2010); NHSEED, part of The Cochrane Library (searched 08/12/2010); LILACS, VHL (searched 14/12/2010); International Political Science Abstracts (IPSA), Ebsco (searched (17/12/2010); OpenSIGLE (searched 21/12/10); WHOLIS, WHO (searched 17/12/2010); World Bank (Documents and Reports) (searched 21/12/2010); Jolis (searched 09/10/2011); Global Jolis (searched 09/10/2011) ; OECD (searched 30/08/2005); OECD iLibrary (searched 30/08/2005); World Bank eLibrary (searched 21/12/2010); WHO - The Essential Drugs and Medicines web site (browsed 21/12/2010). Policies in this review were defined as laws; rules; financial and administrative orders made by governments, non-government organisations or private insurers. To be included a study had to include an objective measure of at least one of the following outcomes: drug use

Bibliography on Biomass Feedstock Research: 1978-2002

Energy Technology Data Exchange (ETDEWEB)

Cushman, J.H.

2003-05-01

This report provides bibliographic citations for more than 1400 reports on biomass feedstock development published by Oak Ridge National Laboratory and its collaborators from 1978 through 2002. Oak Ridge National Laboratory is engaged in analysis of biomass resource supplies, research on the sustainability of feedstock resources, and research on feedstock engineering and infrastructure. From 1978 until 2002, Oak Ridge National Laboratory also provided technical leadership for the U.S. Department of Energy's Bioenergy Feedstock Development Program (BFDP), which supported research to identify and develop promising energy crops. This bibliography lists reports published by Oak Ridge National Laboratory and by its collaborators in the BFDP, including graduate student theses and dissertations.

Modelling the transition from cost-based to bid-based pricing in a deregulated electricity-market

International Nuclear Information System (INIS)

Druce, Donald J.

2007-01-01

Alberta is a province in western Canada with a deregulated electricity-market. Market clearing prices for most hours reflect the cost of either coal-fired or gas-fired thermal generation. Whenever there is a chronic shortage of generation or even a temporary one due to an outage, prices can be bid much higher than fuel costs would suggest. The province of British Columbia borders Alberta to the west and its electric utility, BC Hydro, has a history of trade with the utilities in Alberta. BC Hydro has predominantly hydroelectric resources and large storage reservoirs. Prior to Alberta's deregulation in 1996, BC Hydro was able to enter into mutually beneficial load-factoring contracts with the Alberta utilities. Now, as long as the transmission is available, BC Hydro can buy low priced off-peak coal-fired energy and sell into the high priced periods without having to share the benefits. BC Hydro uses a combination of econometric and Monte Carlo modelling to simulate hourly price-duration curves for Alberta that capture both cost-based and bid-based characteristics. This approach provides a good fit with the stochastic dynamic programming model that BC Hydro has developed for its mid-term hydro scheduling

Monetary Policy and Price Stability in Nigeria

Directory of Open Access Journals (Sweden)

Idoko Ahmed Itodo

2017-06-01

Full Text Available Irregular price changes, with its economic consequences of market risks and uncertainties, have been one of the most challenging problems facing the Nigerian economy. Successive financial sector reforms, which seek to enhance the role of monetary policy instruments in macroeconomic management, in view of the theoretical and empirical link between monetary policy and general price level, have been implemented with less than satisfactory results. This paper examines the monetary policy in stabilizing price level in Nigeria. We employ the Vector Autoregressive (VAR model, with in-built differencing to take care of unit root in these time series data, to capture this relationship. From our findings, we discover that, money supply has no significant relationship with price level in Nigeria. This, we believe, may be due to the influence of the large informal financial sector which controls a very significant fraction of money in circulation. Thus, policy reforms that would curb the influence of the informal financial sector should be implemented in order to allow the central monetary authority to work better, and enhance the role of monetary management in Nigeria.

The Hierarchical Trend Model for property valuation and local price indices

NARCIS (Netherlands)

Francke, M.K.; Vos, G.A.

2002-01-01

This paper presents a hierarchical trend model (HTM) for selling prices of houses, addressing three main problems: the spatial and temporal dependence of selling prices and the dependency of price index changes on housing quality. In this model the general price trend, cluster-level price trends,

TRADING ACTIVITY AND PRICES IN ENERGY FUTURES MARKET

Directory of Open Access Journals (Sweden)

Aysegul Ates

2016-04-01

Full Text Available This paper aims to examine trading activity and the relationship between futures trading activity by trader type and energy price movements in three energy futures markets –natural gas, crude oil and heating oil. We find that the level of net positions of speculators are positively related to future returns and in contrast net positions of hedgers are negatively related to futures price changes in all three markets. The changes in net positions are relatively more informative compare to the level of net positions in predicting price changes in related markets.

Effect of the 1973 oil price embargo

International Nuclear Information System (INIS)

Goel, R.K.; Morey, M.J.

1993-01-01

This paper focuses on the effect of the oil shock of 1973 on US gasoline demand by examining the price elasticities of demand before and after the 1973 embargo. Price elasticities provide useful input to the development of public policy dealing with taxation and pollution control. The extensive data used include state level observations for nearly three decades spanning 1952-80. We apply non-parametric regression methods that are more appropriate to our investigation than traditional parametric techniques. Unlike standard regression techniques, non-parametric methods neither assume a functional form for the demand relation nor restrict the distribution of the dependent variable. Our results show that the mean price elasticity of gasoline demand for the USA was - 0.243 for 1952-73 and the corresponding number for 1973-80 was - 0.576, statistically different at the 5% level of significance. The relatively higher price elasticity in the post-embargo period is consistent with the hypothesis that consumers sought substitutes and restricted their consumption in response to prices as well as social responsibility. The policy implications of these results are also discussed. (author)

OPEC's optimal crude oil price

International Nuclear Information System (INIS)

Horn, Manfred

2004-01-01

OPEC decided to stabilise oil prices within a range of 22-28 US Dollar/barrel of crude oil. Such an oil-price-level is far beyond the short and long run marginal costs of oil production, beyond even that in regions with particularly high costs. Nevertheless, OPEC may achieve its goal if world demand for oil increases substantially in the future and oil resources outside the OPEC are not big enough to accordingly increase production. In this case OPEC, which controls about 78% of world oil reserves, has to supply a large share of that demand increase. If we assume OPEC will behave as a partial monopolist on the oil market, which takes into consideration the reaction of the other producers to its own sales strategy, it can reach its price target. Lower prices before 2020 are probable only if the OPEC cartel breaks up. Higher prices are possible if production outside OPEC is inelastic as assumed by some geologists, but they would probably stimulate the production of unconventional oil based on oil sand or coal. Crude oil prices above 30 US Dollar/barrel are therefore probably not sustainable for a long period. (Author)

[Competition and prices in the Mexican pharmaceutical market].

Science.gov (United States)

Molina-Salazar, Raúl E; González-Marín, Eloy; Carbajal-de Nova, Carolina

2008-01-01

The forms of market competition define prices. The pharmaceutical market contains submarkets with different levels of competition; on the one hand are the innovating products with patents, and on the other, generic products with or without trade names. Innovating medicines generally have monopolistic prices, but when the patents expire prices drop because of competition from therapeutic alternatives. The trade name makes it easier to maintain monopolistic prices. In Mexico, medicine prices in the private market are high--according to aggregated estimates and prices for specific medicines--which reflect the limitations of pharmaceutical market competition and the power of the trade name. The public segment enjoys competitive prices using the WHO strategy for essential medicines on the basis of the Essential List.

Effect of dietary protein levels on rumen metabolism and milk yield in mid-lactating cows under hot and humid conditions

NARCIS (Netherlands)

Thiangtum, W.; Schonewille, J.T.; Yawongsa, A.; Rukkwamsuk, T.; Kanjanapruthipong, J.; Verstegen, M.W.A.; Hendriks, W.H.

2014-01-01

An experiment was conducted to investigate the effects of 2 levels of dietary Crude Protein (CP) in concentrates with similar proportions of Rumen Undegradable Protein (RUP) on rumen metabolism, milk yield and composition in mid lactating cows in Thailand. Eight 87.5% Holsteinx12.5% indigenous

Effect of dietary protein levels on rumen metabolism and milk yield in mid-lactating cows under hot and humid conditions.

NARCIS (Netherlands)

Thiangtum, W; Schonewille, Thomas; Yawongsa, A; Rukkwamsuk, T; Kanjanapruthipon, J; Verstegen, M.W.A.; Hendriks, Wouter

2014-01-01

An experiment was conducted to investigate the effects of 2 levels of dietary Crude Protein (CP) in concentrates with similar proportions of Rumen Undegradable Protein (RUP) on rumen metabolism, milk yield and composition in mid lactating cows in Thailand. Eight 87.5% Holsteinx12.5% indigenous

What have we learned from the experience of low oil prices?

International Nuclear Information System (INIS)

Alhajji, A.F.

2001-01-01

This article is an attempt to assess the effect of the low oil prices the world experienced in the mid-1980s, 1998 and early 1999. Such an assessment will help us predict the consequences of low oil prices in the future. The study focuses on the boon and bane of low oil prices from the producers' and consumers' points of view. Low oil prices, which are not related to technology and lower production costs, have depleted oil reserves, increased the income gap between consumers and producers, created friction among OPEC Members and between OPEC and non-OPEC producers, and led to the imposition of tariffs on oil imports in consuming countries. In addition, they have led to economic hardship in oil-producing countries, including declines in oil revenue, budget deficits, budget cuts and cancelled projects, borrowing and debts, deterioration in the balance of payments, negative economic growth, currency devaluations and political unrest. They have affected oil companies through reduced earnings, forced lay-offs of workers, lower investment and increased mergers. Despite these disadvantages, oil producers may benefit from low oil prices in the long run. They will increase demand, slow the process of substitution and decrease non-OPEC production. Consumers, on the other hand, will benefit from low oil prices, through higher economic growth and disposable income, and lower legislative and import costs. In addition, consumers will drive faster and longer. These benefits do not come without cost. Low prices will also increase the future vulnerability of consuming countries and lead to more dependence on oil at the expense of alternative energy sources, more dependence on oil imports, more waste, more environmental damage and less efficiency. After outlining the advantages and disadvantages, the study concludes that the disadvantages of low oil prices outweigh their benefits; that is, low oil prices have caused substantial damage. This is due to market inefficiencies and

Theft in Price-Volatile Markets: On the Relationship between Copper Price and Copper Theft

OpenAIRE

Sidebottom, A.; Belur, J.; Bowers, K.; Tompson, L.; Johnson, S. D.

2011-01-01

Recently, against a backdrop of general reductions in acquisitive crime, increases have been observed in the frequency of metal theft offences. This is generally attributed to increases in metal prices in response to global demand exceeding supply. The main objective of this article was to examine the relationship between the price of copper and levels of copper theft, focusing specifically on copper cable theft from the British railway network. Results indicated a significant positive correl...

How market structure drives commodity prices

Science.gov (United States)

Li, Bin; Wong, K. Y. Michael; Chan, Amos H. M.; So, Tsz Yan; Heimonen, Hermanni; Wei, Junyi; Saad, David

2017-11-01

We introduce an agent-based model, in which agents set their prices to maximize profit. At steady state the market self-organizes into three groups: excess producers, consumers and balanced agents, with prices determined by their own resource level and a couple of macroscopic parameters that emerge naturally from the analysis, akin to mean-field parameters in statistical mechanics. When resources are scarce prices rise sharply below a turning point that marks the disappearance of excess producers. To compare the model with real empirical data, we study the relationship between commodity prices and stock-to-use ratios in a range of commodities such as agricultural products and metals. By introducing an elasticity parameter to mitigate noise and long-term changes in commodities data, we confirm the trend of rising prices, provide evidence for turning points, and indicate yield points for less essential commodities.

Price Elasticity of Demand: An A-Level Economics Revision Exercise.

Science.gov (United States)

Williams, Paul

1992-01-01

Presents a review exercise requiring students to sort diagrams and descriptions of price elasticity of demand. Reports that students are given jumbled diagrams and explanations that they must arrange in proper form. Reveals that some items are designed as distractors. (SG)

Market, trading and coal price

International Nuclear Information System (INIS)

Muller, J.C.; Cornot-Gandolphe, S.; Labrunie, L.; Lemoine, St.; Vandijck, M.

2006-01-01

The coal world experienced a true upheaval in the past five years World coal consumption went up 28 % between 2000 and 2005, as a result of the strong growth in Chinese demand. The growth should continue in the coming years: electrical plant builders' orders are mainly for coal. The regained interest in coal is based on the constraints experienced by competing energies (increase in oil and natural gas prices, geopolitical uncertainties, supply difficulties) and by the abundant reserves of coal in the world and the competitiveness of its price. The strong growth in world coal demand comes with a change in rules governing steam coal trading. While long term bilateral agreements were most common until the late nineties, there has been a true revolution in coal marketing since 2000: spot contracts, stock exchange emergence and futures contracts, price indexes. In a few years, the steam coal market has become a true commodities market, overtaking many more goods. The price of coal has also gone through strong variations since 2003. Whereas the price had been stable for decades, in 2004 the strong increase in China' s demand for coal and iron ore resulting in transport shortage, caused a strong increase in CAF coal prices. Since then, prices have gone down, but remain higher than the Eighties and Nineties levels. In spite of the increase, coal remains available at more competitive prices than its competing energies. (authors)

Retail fuel price adjustment in Germany: A threshold cointegration approach

International Nuclear Information System (INIS)

Asane-Otoo, Emmanuel; Schneider, Jan

2015-01-01

Consumers in Germany often complain that retail fuel prices usually adjust quickly to crude oil price increases than decreases and characterize this pricing pattern as market power exploitation. In this paper, we use both weekly national and daily city-specific (Berlin, Hamburg, Munich and Cologne) data to investigate the extent to which retail fuel prices in Germany adjust to changes in the international crude oil price. At the national level with weekly prices, we find positive asymmetries for both gasoline and diesel within the period 2003–2007, reflecting that retail prices react more swiftly to crude oil price increases than decreases. In contrast, for 2009–2013, we observe symmetric adjustment and negative asymmetry for retail diesel and gasoline prices, respectively. The city level analysis supports our findings in the latter time period. Thus, regulatory measures aimed at the retail fuel market over recent years seem to have been effective, and, contrary to consumers' perception, we find no evidence for excessive market power or collusion. - Highlights: • The paper examines the adjustment of German retail fuel (gasoline and diesel) prices to international crude oil price changes. • An error correction model with threshold cointegration is used to investigate the price dynamics. • The findings generally point to a competitive retail fuel pricing, notwithstanding the oligopolistic market structure