WorldWideScience

Sample records for monthly consumer price

  1. Price Discrimination: Lessons for Consumers.

    Science.gov (United States)

    Maynes, E. Scott

    1990-01-01

    Explains price and product discrimination, showing how intelligent consumers can achieve increased purchasing power of their income and discusses how consumer educators can explain this discrimination. Evaluates the pros and cons of price/product discrimination from the social viewpoint. (Author/JOW)

  2. Developing a consumer pricing strategy.

    Science.gov (United States)

    Sturm, Arthur; Tiedemann, Frank

    2013-05-01

    Healthcare providers can learn a variety of pricing lessons from the retail market: For providers, wholesale pricing--"the price to play"--alone is not enough. Once a hospital or health system chooses a market position, the provider creates an expectation that must be met-consistently. Consumer loyalty is fluid, and the price of care or service is not always the motivator for choosing one organization over another; intangibles such as location and level of customer service also drive purchasing decisions.

  3. Price Intransparency, Consumer Decision Making and European Consumer Law

    NARCIS (Netherlands)

    W.H. van Boom (Willem)

    2011-01-01

    textabstractPrice comparison is a basic element of competition. For comparison to work, at least prices need to be transparent. Moreover, price is usually a focal point in consumer thinking and deciding on transactions. Hence, obfuscating prices can be detrimental to consumers. Therefore, it is vita

  4. Introducing Nonlinear Pricing into Consumer Choice Theory.

    Science.gov (United States)

    DeSalvo, Joseph S.; Huq, Mobinul

    2002-01-01

    Describes and contrasts nonlinear and linear pricing in consumer choice theory. Discusses the types of nonlinear pricing: block-declining tariff, two-part tariff, three-part tariff, and quality discounts or premia. States that understanding nonlinear pricing enhances student comprehension of consumer choice theory. Suggests teaching the concept in…

  5. Marketing aspects of consumer price perception

    OpenAIRE

    Tsiligiannis, Georgios

    2009-01-01

    This thesis focuses on two theoretical approaches from the marketing literature: first, the degree to which consumers tend to associate a higher product price with a higher quality (price-perceived quality relationship) and second, the assumption that odd prices (prices set just below the nearest round figure) generate higher than expected demand at that level. The thesis concludes that there seems to exist an overall positive weak correlation between product price and perceived quality, whic...

  6. Consumer food choices: the role of price and pricing strategies.

    Science.gov (United States)

    Steenhuis, Ingrid H M; Waterlander, Wilma E; de Mul, Anika

    2011-12-01

    To study differences in the role of price and value in food choice between low-income and higher-income consumers and to study the perception of consumers about pricing strategies that are of relevance during grocery shopping. A cross-sectional study was conducted using structured, written questionnaires. Food choice motives as well as price perceptions and opinion on pricing strategies were measured. The study was carried out in point-of-purchase settings, i.e. supermarkets, fast-food restaurants and sports canteens. Adults (n 159) visiting a point-of-purchase setting were included. Price is an important factor in food choice, especially for low-income consumers. Low-income consumers were significantly more conscious of value and price than higher-income consumers. The most attractive strategies, according to the consumers, were discounting healthy food more often and applying a lower VAT (Value Added Tax) rate on healthy food. Low-income consumers differ in their preferences for pricing strategies. Since price is more important for low-income consumers we recommend mainly focusing on their preferences and needs.

  7. Essays on price dynamics and consumer search

    Science.gov (United States)

    Lewis, Matthew Stephen

    It has been documented that retail gasoline prices respond more quickly to increases in wholesale price than to decreases. However, there is very little theoretical or empirical evidence identifying the market characteristics responsible for this behavior. Chapter 2 presents a new theoretical model of asymmetric adjustment that empirically matches observed retail gasoline price behavior better than previously suggested explanations. I develop a "reference price" consumer search model that assumes consumers' expectations of prices are based on prices observed during previous purchases. The model predicts that consumers search less when prices are falling. This reduced search results in higher profit margins and therefore causes a slower price response to cost decreases than to cost increases. Chapter 3 discusses the robustness of some of the important assumptions of the reference price search model, and describes the effects of altering these assumptions. Chapter 4 develops testable implications that distinguish my model from two alternative explanations of asymmetric adjustment. The first is a model in which firms temporarily collude using past prices as a focal price. The second theory suggests that increases in wholesale cost volatility reduce consumer search behavior. Using a panel of gas station prices, I estimate the response pattern of prices to a change in costs. Estimates are consistent with the predictions of the reference price search model and contradict the previously suggested explanations of asymmetric price adjustment. Chapter 5 examines the empirical fact that price response varies depending on the current level of profit margins. This fact is contrasted with the common empirical observation that response differs based on the direction of the change in cost. I go on to document that this relationship between price response and margins is observed in gasoline markets across the country.

  8. Innovations in Statistical Observations of Consumer Prices

    Directory of Open Access Journals (Sweden)

    Olga Stepanovna Oleynik

    2016-10-01

    Full Text Available This article analyzes the innovative changes in the methodology of statistical surveys of consumer prices. These changes are reflected in the “Official statistical methodology for the organization of statistical observation of consumer prices for goods and services and the calculation of the consumer price index”, approved by order of the Federal State Statistics Service of December 30, 2014 no. 734. The essence of innovation is the use of mathematical methods in determining the range of studies objects of trade and services, in calculating the sufficient observable price quotes based on price dispersion, the proportion of the observed product (service, a representative of consumer spending, as well as the indicator of the complexity of price registration. The authors analyzed the mathematical calculations of the required number of quotations for observation in the Volgograd region in 2016, the results of calculations are compared with the number of quotes included in the monitoring. The authors believe that the implementation of these mathematical models allowed to substantially reduce the influence of the subjective factor in the organization of monitoring of consumer prices, and therefore to increase the objectivity of the resulting statistics on consumer prices and inflation. At the same time, the proposed methodology needs further improvement in terms of payment for goods, products (services by representatives having a minor share in consumer expenditure.

  9. Consumer poaching, brand switching, and price transparency

    DEFF Research Database (Denmark)

    Schultz, Christian

    2014-01-01

    This paper addresses price transparency on the consumer side in markets with behavioral price discrimination which feature welfare reducing brand switching. When long-term contracts are not available, an increase in transparency intensifies competition, lowers prices and profits, reduces brand...... switching and benefits consumers and welfare. With long-term contracts, an increase in transparency reduces the use of long-term contracts, leading to more brand switching and a welfare loss. Otherwise, the results are the same as without long-term contracts....

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

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    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......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...... processing, which furthermore allows us to examine whether consumers' price memory is one- or multidimensional....

  11. Consumer price sensitivity in Dutch health insurance

    NARCIS (Netherlands)

    M. van Dijk (Machiel); M. Pomp (Marc); R.C.H.M. Douven (Rudy); T. Laske-Aldershof (Trea); F.T. Schut (Erik); W. de Boer (Willem); A. Boo (Anne)

    2008-01-01

    textabstractAim: To estimate the price sensitivity of consumer choice of health insurance firm. Method: Using paneldata of the flows of insured betweenpairs of Dutch sickness funds during the period 1993-2002, we estimate the sensitivity of these flows to differences in insurance premium. Results:

  12. Consumers' price awareness at the point-of-selection

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    This paper focuses on consumers' price information processing at the point-of-selection. Specifically, it updates past results of consumers' price awareness at the point-of-selection - applying both a price-recall and a price-recognition test - and tests hypotheses on potential determinants...... of consumers' price awareness at the point-of-selection. Both price-memory tests resulted in higher measured price awareness than in any of the past studies. Results also indicate that price recognition is not the most appropiate measure. Finally, a discriminant analysis shows that consumers who are aware...

  13. Forecasting Monthly Prices of Japanese Logs

    Directory of Open Access Journals (Sweden)

    Tetsuya Michinaka

    2016-04-01

    Full Text Available Forecasts of prices can help industries in their risk management. This is especially true for Japanese logs, which experience sharp fluctuations in price. In this research, the authors used an exponential smoothing method (ETS and autoregressive integrated moving average (ARIMA models to forecast the monthly prices of domestic logs of three of the most important species in Japan: sugi (Japanese cedar, Cryptomeria japonica D. Don, hinoki (Japanese cypress, Chamaecyparis obtusa (Sieb. et Zucc. Endl., and karamatsu (Japanese larch, Larix kaempferi (Lamb. Carr.. For the 12-month forecasting periods, forecasting intervals of 80% and 95% were given. By measuring the accuracy of forecasts of 12- and 6-month forecasting periods, it was found that ARIMA gave better results than did the ETS in the majority of cases. However, the combined method of averaging ETS and ARIMA forecasts gave the best results for hinoki in several cases.

  14. Consumers' price awareness at the point-of-selection

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    of consumers' price awareness at the point-of-selection. Both price-memory tests resulted in higher measured price awareness than in any of the past studies. Results also indicate that price recognition is not the most appropiate measure. Finally, a discriminant analysis shows that consumers who are aware......This paper focuses on consumers' price information processing at the point-of-selection. Specifically, it updates past results of consumers' price awareness at the point-of-selection - applying both a price-recall and a price-recognition test - and tests hypotheses on potential determinants...... of the price at the point-of-selection are more deal prone, more low-price prone, and bought a special-priced item. Implications are discussed....

  15. Price sensitivity and innovativeness for fashion among Korean consumers.

    Science.gov (United States)

    Goldsmith, Ronald E; Kim, Daekwan; Flynn, Leisa R; Kim, Wan-Min

    2005-10-01

    Price sensitivity is how consumers react to price levels and to price changes. Consumer innovativeness is a tendency to welcome and to adopt new products. Researchers (e.g., R. E. Goldsmith & S. J. Newell, 1997) consider innovative consumers relatively more price insensitive than other consumers, so there should be a negative correlation between measures of these constructs. The results of the present study supported the psychometric soundness of a self-report measure of price sensitivity among 860 Korean consumers and replicated earlier findings of the negative correlation between the 2 constructs.

  16. Pricing Policy and Strategies for Consumer High-Tech Products

    Directory of Open Access Journals (Sweden)

    Dovleac, L.

    2014-06-01

    Full Text Available This paper highlights the complex process of price setting for consumer high-tech products. These prices are highly influenced by some external factors from the economic and social environment. The main objective of this paper is to establish the most effective pricing policies and strategies used by high-tech companies of various sizes. Decisions about price fixing for consumer high-technology products are largely influenced by consumer behaviour, too.

  17. The substitution bias of the consumer price index

    OpenAIRE

    Frenger, Petter

    2006-01-01

    Abstract: The paper uses elementary consumer theory to propose an inflation independent ratio definition of the substitution bias of the Laspeyres consumer price index, and derives an approximate substitution bias which depends on the size of the price change as measured by a norm in the Laspeyres plane and on the elasticity of substitution in the direction of the price change. This norm or distance measure can be interpreted as a price substitution index which yields useful in...

  18. 77 FR 23283 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2012-04-18

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... this notice in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967 = 100) increased 116.6 percent from its 1984 annual average of 311.1...

  19. 76 FR 31991 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2011-06-02

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... this notice in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967 = 100) increased 110.0 percent from its 1984 annual average of 311.1...

  20. 78 FR 35054 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2013-06-11

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967=100) increased 121.1 percent from its 1984 annual average of 311.1 to its...

  1. 75 FR 22164 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2010-04-27

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... this notice in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967=100) increased 106.6 percent from its 1984 annual average of 311.1...

  2. In-Store Experimental Approach to Pricing and Consumer Behavior

    Science.gov (United States)

    Sigurdsson, Valdimar; Foxall, Gordon; Saevarsson, Hugi

    2010-01-01

    This study assessed how, and to what extent, it is possible to use behavioral experimentation and relative sales analysis to study the effects of price on consumers' brand choices in the store environment. An in-store experiment was performed in four stores to investigate the effects of different prices of a target brand on consumers' relative…

  3. In-Store Experimental Approach to Pricing and Consumer Behavior

    Science.gov (United States)

    Sigurdsson, Valdimar; Foxall, Gordon; Saevarsson, Hugi

    2010-01-01

    This study assessed how, and to what extent, it is possible to use behavioral experimentation and relative sales analysis to study the effects of price on consumers' brand choices in the store environment. An in-store experiment was performed in four stores to investigate the effects of different prices of a target brand on consumers' relative…

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

    OpenAIRE

    Rothenberger, Sandra

    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 ...

  5. State prescription drug price Web sites: how useful to consumers?

    Science.gov (United States)

    Tu, Ha T; Corey, Catherine G

    2008-02-01

    To aid consumers in comparing prescription drug costs, many states have launched Web sites to publish drug prices offered by local retail pharmacies. The current push to make retail pharmacy prices accessible to consumers is part of a much broader movement to increase price transparency throughout the health-care sector. Efforts to encourage price-based shopping for hospital and physician services have encountered widespread concerns, both on grounds that prices for complex services are difficult to measure and compare accurately and that quality varies substantially across providers. Experts agree, however, that prescription drugs are much easier to shop for than other, more complex health services. However, extensive gaps in available price information--the result of relying on Medicaid data--seriously hamper the effectiveness of state drug price-comparison Web sites, according to a new study by the Center for Studying Health System Change (HSC). An alternative approach--requiring pharmacies to submit price lists to the states--would improve the usefulness of price information, but pharmacies typically oppose such a mandate. Another limitation of most state Web sites is that price information is restricted to local pharmacies, when online pharmacies, both U.S. and foreign, often sell prescription drugs at substantially lower prices. To further enhance consumer shopping tools, states might consider expanding the types of information provided, including online pharmacy comparison tools, lists of deeply discounted generic drugs offered by discount retailers, and lists of local pharmacies offering price matches.

  6. Vertical Price Transmission in Local Rice Markets in Cote d'Ivoire: Are Consumers Really Right?

    Directory of Open Access Journals (Sweden)

    Yaya KEHO

    2012-12-01

    Full Text Available This paper analyses vertical relationships between wholesale and retail prices in three local rice markets in Côte d’Ivoire. The aim of the paper is to ascertain whether the popular complaint of consumers about the asymmetric price transmission holds true. Our empirical analysis makes use of threshold cointegration and error correction models and monthly data for the period 1990-1999. We found that wholesale and retail prices are cointegrated and increases in wholesale prices are passed on to retail prices more quickly than decreases.

  7. Price-Shopping in Consumer-Directed Health Plans.

    Science.gov (United States)

    Sood, Neeraj; Wagner, Zachary; Huckfeldt, Peter; Haviland, Amelia

    2013-01-01

    We use health insurance claims data from 63 large employers to estimate the extent of price shopping for nine common outpatient services in consumer-directed health plans (CDHPs) compared to traditional health plans. The main measures of price-shopping include: (1) the total price paid on the claim, (2) the share of claims from low and high cost providers and (3) the savings from price shopping relative to choosing prices randomly. All analyses control for individual and zip code level demographics and plan characteristics. We also estimate differences in price shopping within CDHPs depending on expected health care costs and whether the service was bought before or after reaching the deductible. For 8 out of 9 services analyzed, prices paid by CDHP and traditional plan enrollees did not differ significantly; CDHP enrollees paid 2.3% less for office visits. Similarly, office visits was the only service where CDHP enrollment resulted in a significantly larger share of claims from low cost providers and greater savings from price shopping relative to traditional plans. There was also no evidence that, within CDHP plans, consumers with lower expected medical expenses exhibited more price-shopping or that consumers exhibited more price-shopping before reaching the deductible.

  8. The influence of price endings on consumer behaviour: an application of the psychology of perception

    Directory of Open Access Journals (Sweden)

    Emmanuel Selase Asamoah

    2011-01-01

    Full Text Available Price ending is an important pricing strategy that has been used by retailers over the years. The trend seems to be effective considering how consumers react especially to products with odd price endings. This review is aimed at providing an understanding of the psychological influences of price ending on buyers, using the theory of perception. It analysis theories and existing literature on the topic and brings out augmentative pricing strategies that retailers can adopt in consumer markets. Also, an exploratory study was conducted to identify the prevalence of odd prices in the Czech retail sector. The exploratory study was based on 16 different home-drop advertising material, short magazines and leaflets by retails shops in the Zlin region. These leaflets, short magazines and home-drop advertising material were collected and analyzed over 3 month period to identify the dominance of odd and even pricing strategy (total number of advertisements = 922. Also, in order to have a comprehensive coverage of the odd-even pricing phenomenon, opinions of some buyers were sought on their perception of odd-pricing and how the odd-pricing influence their buying decisions. Opinions of a total of 173 shoppers were sampled. The study found clear evidence of the predominant use and preference by shoppers for odd prices compared to even prices in different product categories, especially fast moving consumer goods. The paper concludes by providing the marketing implications and suggestions on when odd and even price ending strategies should be used and for what category of products this strategy can be used. Also, the implications of price endings on marketing communication are highlighted.

  9. Consumers' price awareness at the point-of-selection: What constitutes the most appropriate measure of consumers' price awareness and what determines the differences?

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    This paper focuses on consumers' price information processing at the point-of-selection. Specifically, it updates past results of consumers' price awareness at the point-of-selection - applying both a price-recall and a price-recognition test - and tests hypotheses on potential determinants...... of consumers' price awareness at the point-of-selection. Both price-memory tests resulted in higher measured price awareness than in any of the past studies. Results also indicate that price recognition is not the most appropiate measure. Finally, a discriminant analysis shows that consumers who are aware...

  10. Consumers' price awareness at the point-of-selection: What constitutes the most appropriate measure of consumers' price awareness and what determines the differences?

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    of consumers' price awareness at the point-of-selection. Both price-memory tests resulted in higher measured price awareness than in any of the past studies. Results also indicate that price recognition is not the most appropiate measure. Finally, a discriminant analysis shows that consumers who are aware......This paper focuses on consumers' price information processing at the point-of-selection. Specifically, it updates past results of consumers' price awareness at the point-of-selection - applying both a price-recall and a price-recognition test - and tests hypotheses on potential determinants...... of the price at the point-of-selection are more deal prone, more low-price prone, and bought a special-priced item. Implications are discussed....

  11. Dynamic pricing of network goods with boundedly rational consumers.

    Science.gov (United States)

    Radner, Roy; Radunskaya, Ami; Sundararajan, Arun

    2014-01-07

    We present a model of dynamic monopoly pricing for a good that displays network effects. In contrast with the standard notion of a rational-expectations equilibrium, we model consumers as boundedly rational and unable either to pay immediate attention to each price change or to make accurate forecasts of the adoption of the network good. Our analysis shows that the seller's optimal price trajectory has the following structure: The price is low when the user base is below a target level, is high when the user base is above the target, and is set to keep the user base stationary once the target level has been attained. We show that this pricing policy is robust to a number of extensions, which include the product's user base evolving over time and consumers basing their choices on a mixture of a myopic and a "stubborn" expectation of adoption. Our results differ significantly from those that would be predicted by a model based on rational-expectations equilibrium and are more consistent with the pricing of network goods observed in practice.

  12. The Consumer Price Index and Salary Negotiations. Research Reports.

    Science.gov (United States)

    Mitchell, Carolyn S.

    1975-01-01

    This report discusses use of the Consumer Price Index (CPI) to compute cost-of-living adjustments for wages and salaries in general and teachers' salaries in particular. A number of tables and graphs compare average annual salary increases for Connecticut teachers in 1967-74 with annual increases in the national CPI, the Boston area CPI, the New…

  13. The New & Revised Consumer Price Indexes. ERS Information Aid.

    Science.gov (United States)

    Kowalski, Joan P. Sullivan; Porwoll, Paul J.

    The purpose of this Information Aid is to alert school officials to changes and revisions in the Consumer Price Index (CPI), to familiarize them with differences between the former CPI and the new and revised indexes, to demonstrate how the U.S. Bureau of Labor Statistics (BLS) computes changes in the CPI, to indicate appropriate uses of the CPI,…

  14. Consumer Search and Oligopolistic Pricing: a theoretical and empirical inquiry

    NARCIS (Netherlands)

    M.R. Wildenbeest (Matthijs)

    2007-01-01

    textabstractIn real world markets price information is costly to acquire. This observation has led to an important research program in economics aimed at understanding how firms compete in the presence of consumer search. In spite of the substantial amount of theoretical work on the subject, the att

  15. Drug price regulation under consumer moral hazard. Two-part tariffs, uniform price or third-degree price discrimination?

    Science.gov (United States)

    Felder, Stefan

    2004-12-01

    Drug price differences across national markets as they exist in the EU are often justified by the concept of Ramsey prices: with fixed costs for R&D, the optimal mark-ups on marginal costs are inversely related to the price elasticity in the individual markets. This well-known result prevails if consumer moral hazard is taken into account. Contrary to the situation without moral hazard, the uniform price does not necessarily dominate discriminatory pricing in welfare terms. The two-part tariff is a better alternative as it allows governments to address moral hazard. A uniform price combined with lump-payments reflecting differences in the willingness to pay and the moral hazard in member states appears to be an attractive option for a common EU drug market.

  16. 78 FR 35054 - All Items Consumer Price Index for All Urban Consumers United States City Average

    Science.gov (United States)

    2013-06-11

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers United States City Average... Commission and publishes this notice in the Federal Register that the United States City Average All Items... average of 147.7 to its 2012 annual average of 687.761 and that it increased 29.7 percent from its...

  17. 77 FR 23282 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2012-04-18

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... Election Commission and publishes this notice in the Federal Register that the United States City Average... 1974 annual average of 147.7 to its 2011 annual average of 673.818 and that it increased 27.0...

  18. 75 FR 22164 - All Items Consumer Price Index for All Urban Consumers United States City Average

    Science.gov (United States)

    2010-04-27

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers United States City Average... Commission and publishes this notice in the Federal Register that the United States City Average All Items... average of 147.7 to its 2009 annual average of 642.658 and that it increased 21.2 percent from its...

  19. Reference Pricing with Endogenous or Exogenous Payment Limits: Impacts on Insurer and Consumer Spending.

    Science.gov (United States)

    Brown, Timothy T; Robinson, James C

    2016-06-01

    Reference pricing (RP) theories predict different outcomes when reference prices are fixed (exogenous) versus being a function of market prices (MPs) (endogenous). Exogenous RP results in MPs at both high-price and low-price firms converging towards the reference price from above and below, respectively. Endogenous RP results in MPs at both high-price and low-price firms decreasing, with low-price firms acting strategically to decrease the reference price in order to gain market share. We extend these models to a hospital context focusing on insurer and consumer payments. Under exogenous RP, insurer and consumer payments to low-price hospitals increase, and insurer payments to high-price hospitals decrease, but predictions regarding consumer payments are ambiguous for high-price hospitals. Under endogenous RP, insurer payments to high-price and low-price hospitals decrease, and consumer payments to low-price hospitals decrease, but predictions regarding consumer payments are ambiguous for high-price hospitals. We test these predictions with difference-in-differences specifications using 2008-2013 data on patients undergoing joint replacement. For 2 years following RP implementation, insurer payments to high-price and low-price hospitals moved downward, consistent with endogenous RP. However, when the reference price was not reset to account for changes in MPs, insurer payments to low-price hospitals reverted to pre-implementation levels, consistent with exogenous RP. Copyright © 2015 John Wiley & Sons, Ltd.

  20. Fluctuation of Gold Price in India Versus Global Consumer Price Index

    Science.gov (United States)

    Mali, P.

    2013-03-01

    The time series of gold price in the Indian market and the global consumer price index for the period of January 1985 to June 2013 are analyzed in terms of the multifractal detrended fluctuation analysis (MF-DFA). Multifractal variables, such as the generalized Hurst exponent, the multifractal mass exponent, the singularity spectrum, are extracted for both the series. Special emphasis is given on the possible source(s) of correlations in these series. The multifractal results are fitted to the generalized binomial multifractal model consists of only two parameters. Our analysis show that the multifractal nature of the Indian gold market time series and the global consumer price index series is due to both the long-range temporal correlation and the fat-tailed probability density function of the values. Surprisingly, the series are well described by the two-parameter binomial multifractal model used.

  1. 31 CFR Appendix D to Part 356 - Description of the Consumer Price Index

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Description of the Consumer Price.... 1-93) Pt. 356, App. D Appendix D to Part 356—Description of the Consumer Price Index The Consumer Price Index (“CPI”) for purposes of inflation-protected securities is the non-seasonally adjusted U.S...

  2. Lithuanian Consumer`s Willingness to Pay and Feed-in Prices for Renewable Electricity

    Directory of Open Access Journals (Sweden)

    Dalia Streimikiene

    2014-05-01

    Full Text Available The paper aims to assess the willingness to pay (WTP for renewable electricity of Lithuanian households and to compare WTP of Lithuanian consumers with support provided for renewable by Lithuanian government in terms of Feed-in prices. The paper reviews the situation of renewable electricity generation and consumption in Lithuania and presents the results of empirical study aiming at assessment of Lithuanian household’s willingness to pay for electricity produced from renewables. The results of study indicated that the WTP of Lithuanian households is significantly lower than subsides for renewable electricity provided in the form of Feed-in prices in Lithuania. Therefore feed-in prices need to be revising taking into account WTP of Lithuanian consumers

  3. The influence of price endings on consumer behavior: An application of the psychology of perception

    OpenAIRE

    Asamoah, Emmanuel Selase; Chovancová, Miloslava

    2011-01-01

    Price ending is an important pricing strategy that has been used by retailers over the years. The trend seems to be effective considering how consumers react especially to products with odd price endings. This review is aimed at providing an understanding of the psychological influences of price ending on buyers, using the theory of perception. It analysis theories and existing literature on the topic and brings out augmentative pricing strategies that retailers can adopt in consumer markets....

  4. The influence of price endings on consumer behaviour: an application of the psychology of perception

    OpenAIRE

    Emmanuel Selase Asamoah; Miloslava Chovancová

    2011-01-01

    Price ending is an important pricing strategy that has been used by retailers over the years. The trend seems to be effective considering how consumers react especially to products with odd price endings. This review is aimed at providing an understanding of the psychological influences of price ending on buyers, using the theory of perception. It analysis theories and existing literature on the topic and brings out augmentative pricing strategies that retailers can adopt in consumer markets....

  5. Psychophysical methods in study of consumers' perceived price change for food products.

    Science.gov (United States)

    Chang, Ming-Hsu; Chiou, Wen-Bin

    2007-04-01

    When adjusting product prices, marketers wish information concerning consumers' price perceptions. The present study aimed to develop an optimal pricing framework for food products by applying Weber's Law and Stevens' Power Law in psychophysics. The first phase attempted to measure the differential thresholds when magnitudes of prices were raised and lowered. The second phase was conducted to establish the psychophysical function representing perceived changes. Analysis showed consumers' differential thresholds were positively correlated with the initial price, consistent with Weber's Law. Further, participants' perceived change differed for increased and decreased prices. Products were perceived as cheaper only when medium-and low-priced products dropped dramatically in price. However, small reductions for the high-priced products were perceived as cheaper. Regardless of price changes, participants perceived products were more expensive when prices dropped by a small

  6. THE EFFECTS OF PRICE AND INCOMES ON CONSUMER DEMAND

    Directory of Open Access Journals (Sweden)

    Adrian Tănase

    2012-12-01

    Full Text Available The complexity of consumption can only be explained by identifying and analysing all the factors acting upon the carrier of demand, and in a given time and space, they have a higher or a lower importance, which makes it impossible to find a hierarchy. However, in societies characterized by a low standard of living, prices and incomes have a strong impact on consumer behaviour. Consequently, this paper approaches one of the most stringent issues, which interest specialists, governing bodies, mass-media and, last but not least, population. In the entire paper we analyse the population’s consumption, i.e. food, non-food products and services, by categories of households, from the economic, statistic and sociologic viewpoints. The paper ends with a brief presentation of conclusions and suggestions regarding the analysis and improvement of population’s consumption.

  7. AGRICULTURAL PRICE POLICY, CONSUMER DEMAND AND IMPLICATIONS FOR HOUSEHOLD FOOD SECURITY IN NIGERIA

    Directory of Open Access Journals (Sweden)

    Kassim Adekunle Akanni

    2014-01-01

    Full Text Available There is persistent instability of consumer prices for most agricultural commodities in Nigeria. This is occasioned by factors such as season, input price changes, production and marketing technologies and consumer taste, among others. The market price variations often affect the level of consumer demand and food security status of the households. This study therefore examined the synergy between the agricultural commodity prices, consumer demand and food security status of the consuming households in Nigeria. A total of 360 foodgrains consumers were randomly sampled for this study from the 6 geo-political zones in the country. Results indicated that despite the various policies on agricultural prices, the market prices of foodgrains remain unstable. Specifically, the level of consumer demand and satisfaction got reduced while a large proportion of the consumers were food insecure. Major factors that are responsible for unstable consumer demand and household insecurity in the consumption of foodgrains among Nigerians include insufficient household income, increasing household size, consumer preference, market price and lack of standard measurement. With increased discipline in the style of implementation of the various price policies on agricultural commodities, it is hoped that the level of consumer demand and foodgrains security status of Nigerians will improve.

  8. The Effects of Price Promotions on Consumers's Perceived Value and Purchase Intention

    OpenAIRE

    Hsu, Yung-Fen

    2008-01-01

    Price promotions are widely used to increase sales in today's competitive markets; however, the negative effects may result if they are not properly applied. Hence, this paper seeks to explore how price promotions affect consumers'perceived value and purchase intention so as to assist marketers to maximize the benefits and minimize the weakness of price promotion activities. This paper will provide a systematic overview of price promotion issues such as reference prices, semantic cues and per...

  9. THE EVOLUTION OF CONSUMER PRICE INDEX (CPI AND INFLATION RATE IN ROMANIA IN JANUARY 2000 - DECEMBER 2010

    Directory of Open Access Journals (Sweden)

    ANIELA BĂLĂCESCU

    2011-06-01

    Full Text Available In the analysis of economic stability an important part is owned by consumer prices. The present study is devoted to an analysis of the evolution of CPI and inflation rate in the Rumanian economy. The analysis uses annual and monthly series for the period January 2000 - December 2010.

  10. The Impact of Consumer Currency Perception on Price Sensitivity

    Directory of Open Access Journals (Sweden)

    Mohsen Nazari

    2013-08-01

    Full Text Available Customers are increasingly confronting with foreign market through internet and tourism. So they are challenged to evaluate prices in different currencies. They are familiar with the product price but they are engaged in a perceptual process while they are evaluating prices in different currencies. In this research customer currency perception and the price sensitivity is considered. The customer price sensitivity in different currencies would be measured through a pricing model. Questionnaire was applied as data gathering tool. The result showed customers experience perceptual bias when evaluating prices same in real value and different in nominal value and nominal value affects the customer purchase attitude. This bias reflects as the customer price sensitivity is less in low denomination currency. Findings have important implications for pricing in regional markets, internet market and also in tourism industry for customers and international companies.

  11. 76 FR 30550 - Federal Management Regulation; Change in Consumer Price Index Minimal Value

    Science.gov (United States)

    2011-05-26

    ... ADMINISTRATION 41 CFR Part 102-42 RIN 3090-AJ12 Federal Management Regulation; Change in Consumer Price Index..., to reflect changes in the Consumer Price Index for the immediately preceding 3-year period. The... INFORMATION CONTACT: Mr. Robert Holcombe, Director, Asset Management Policy Division (202-501-3828...

  12. The Impact of Consumers Currency Perception on Price Sensitivity

    Directory of Open Access Journals (Sweden)

    Mohsen Nazari

    2013-01-01

    Full Text Available Customers are increasingly confronting with foreign markets through internet and tourism. Sothey are challenged to evaluate prices in different currencies. They are familiar with theproducts prices but they are engaged in a perceptual process while they are evaluating pricesin different currencies. In this research customer currency perception and the price sensitivityare considered. The customer price sensitivity in different currencies would be measuredthrough a pricing model. Questionnaire was applied as data gathering tool. The resultsshowed customers experience perceptual bias when evaluating prices same in real value anddifferent in nominal value and nominal value affects the customers purchase attitude. Thisbias reflects as the customer price sensitivity is less in low denomination currency. Findingshave important implications for pricing in regional markets, internet market, and also intourism industry for customers and international companies

  13. Profiling the high frequency wine consumer by price segmentation in the US market

    OpenAIRE

    Liz Thach; Janeen Olsen

    2015-01-01

    Heavy users of consumer products are important to marketers as a profitable target segment. This is equally true in the wine industry, but with the added precaution of encouraging responsible consumption. This study examines the attributes and behaviors of 681 high frequency (heavy-user) wine consumers in the US, based on a price segmentation of High, Moderate, and Low Spenders. For this study, price segmentation was defined as the price typically paid for a bottle of wine for home consumptio...

  14. Trends in prices to commercial energy consumers in the competitive Texas electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Zarnikau, Jay [University of Texas at Austin (United States); Frontier Associates LLC, Austin, TX (United States); Fox, Marilyn; Smolen, Paul [Fox, Smolen and Associates, Inc., Austin, TX (United States)

    2007-08-15

    To date, the price of electricity to commercial or business energy consumers has generally increased at greater rates in the areas of Texas where retail competition has been introduced than in areas that do not enjoy competition. Trends in commercial competitive prices have largely mirrored trends in residential prices. Market restructuring has tended to increase the sensitivity of retail electricity prices to changes in the price of natural gas, the marginal fuel used for generation in Texas. Consequently, the rapid increases in the commodity price of natural gas following restructuring led to increases in competitive electric rates which exceeded the increases in areas not exposed to restructuring, where the fuel component of electric rates tend to reflect a weighted average of the utilities' fuel costs. There is some evidence that pricing behavior by competitive retailers changed when the retailers affiliated with the incumbent utilities were permitted some pricing flexibility, resulting in a reduction in prices. (author)

  15. Information or prices, which is most powerful in increasing consumer demand for organic vegetables?

    DEFF Research Database (Denmark)

    Smed, Sinne; Andersen, Laura Mørch

    2012-01-01

    to prices. “New” consumers can be persuaded to buy organic vegetables by providing information about the negative health effects of consuming conventional vegetables since it increases the probability of an organic purchase. Once consumers have entered the organic marked for vegetables, information...

  16. 75 FR 750 - Consumer Price Index Adjustments of Oil Pollution Act of 1990 Limits of Liability-Vessels and...

    Science.gov (United States)

    2010-01-06

    ... Federal Register, at 73 FR 54997, entitled ``Consumer Price Index Adjustments of Oil Pollution Act of 1990... SECURITY Coast Guard 33 CFR Part 138 RIN 1625-AB25 Consumer Price Index Adjustments of Oil Pollution Act of..., 2008, titled ``Consumer Price Index Adjustments of Oil Pollution Act of 1990 Limits of...

  17. Understanding the Impact of Higher Corn Prices on Consumer Food Prices

    Energy Technology Data Exchange (ETDEWEB)

    none,

    2007-04-18

    In an effort to assess the true effects of higher corn prices, the National Corn Growers Association (NCGA) commissioned an analysis on the impact of increased corn prices on retail food prices. This paper summarizes key results of the study and offers additional analysis based on information from a variety of other sources.

  18. Stock Walk with Consumable Deliverables: Association of Price and ...

    African Journals Online (AJOL)

    ... Association of Price and Dividend in the Nigerian Capital Market. ... The baseline assumption is that investors rely on key financial indicators (KFIs) in making ... guard against scenic transaction pitfalls particularly in fragile trading settings.

  19. The Influence of Low Cost Airline's Flexible Fare Policy on Consumers' Perceptions of Price Fairness

    National Research Council Canada - National Science Library

    황희중

    2014-01-01

    Purpose - The purpose of the study is to reexamine the price fairness as practiced by low cost airlines, as a consumer has to experience such inconveniences as inferior airport transportation, extra...

  20. Generic Scrip Share and the Price of Brand-Name Drugs: The Role of the Consumer

    OpenAIRE

    John A Rizzo; Richard Zeckhauser

    2005-01-01

    Generic drug utilization has risen dramatically, from 19% of scrips in 1984 to 47% in 2001, thus bringing significant direct dollar savings. Generic drug use may also yield indirect savings if it lowers the average price of those brand-name drugs that are still purchased. Prior work indicates - and we confirm - that generic competition does not induce brand-name producers to lower prices. However, consumer choices between generic and brand-name drugs could affect the average price of those br...

  1. 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…

  2. 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…

  3. Do the Scandinavian consumers pay a "fair" price for German white wines?

    DEFF Research Database (Denmark)

    Bentzen, Jan Børsen; Smith, Valdemar

    in Scandinavia have been declining for a number of years. Diminishing market shares may reflect changes in consumer tastes or simply 'wrong' prices, the latter related to both the level of wine prices (German wines being relatively expensive) and the structure of wine prices. In general, country-specific price......The aim of this paper is to analyse the retail prices of German white wines sold in the Scandinavian countries. German white wines account for approximately 5-6 per cent of the total sale of wines - both red and white wines - in Denmark, Norway and Sweden. However, the market shares of German wines...... differences for identical wines are expected to be a sign of differences in taxes, import prices, transportation costs as well as other costs - and also different competitive conditions at the retail level in the respective countries. Differences in wine prices across countries do not always reflect...

  4. FOOD PRICE INFLATION AND CONSUMER WELFARE IN GHANA

    Directory of Open Access Journals (Sweden)

    Yaw Bonsu Osei-Asare

    2013-07-01

    Full Text Available The paper analyses the effects of food price inflation on Ghanaian households using GLSS-5 household data. Expenditure endogeneity and truncated expenditures were controlled in the estimation process using the “Augmented Regression Approach” and Heckman’s two-stage procedure, respectively. Symmetry and homogeneity conditions were rejected in the unconstrained LA/AIDS model. The study reveals that cereals and bread; fish; vegetables; and roots and tubers will continue to constitute important share of Ghanaian food expenditure as they collectively constitute 67% of future food expenditure. Food price inflation between 2005 and 2011 has eroded real household food purchasing power by 47.18%.

  5. Toward crustacean without chemicals: a descriptive analysis of consumer response using price comparisons.

    Science.gov (United States)

    Okpala, Charles Odilichukwu R; Bono, Gioacchino; Pipitone, Vito; Vitale, Sergio; Cannizzaro, Leonardo

    2016-01-01

    To date, there seems to be limited-to-zero emphasis about how consumers perceive crustacean products subject to either chemical and or non-chemical preservative treatments. In addition, studies that investigated price comparisons of crustacean products subject to either chemical or chemical-free preservative methods seem unreported. This study focused on providing some foundational knowledge about how consumers perceive traditionally harvested crustaceans that are either chemical-treated and or free of chemicals, incorporating price comparisons using a descriptive approach. The study design employed a questionnaire approach via interview using a computer-assisted telephone system and sampled 1,540 participants across five key locations in Italy. To actualize consumer sensitivity, 'price' was the focus given its crucial role as a consumption barrier. Prior to this, variables such as demographic characteristics of participants, frequency of purchasing, quality attributes/factors that limit the consumption of crustaceans were equally considered. By price comparisons, consumers are likely to favor chemical-free (modified atmosphere packaging) crustacean products amid a price increase of up to 15%. But, a further price increase such as by 25% could markedly damage consumers' feelings, which might lead to a considerable number opting out in favor of either chemical-treated or other seafood products. Comparing locations, the studied variables showed no statistical differences (p>0.05). On the contrary, the response weightings fluctuated across the studied categories. Both response weightings and coefficient of variation helped reveal more about how responses deviated per variable categories. This study has revealed some foundational knowledge about how consumers perceive traditionally harvested crustaceans that were either chemical-treated or subject to chemical-free preservative up to price sensitivity using Italy as a reference case, which is applicable to other parts

  6. Joint Decisions on Production and Pricing with Strategic Consumers for Green Crowdfunding Products.

    Science.gov (United States)

    Chen, Yuting; Zhang, Rong; Liu, Bin

    2017-09-20

    Green crowdfunding is developing as a novel and popular transaction method, which can largely improve the efficiency of raising initial funds and selling innovative green products or services. In this paper, we explore the creator's joint decisions regarding green crowdfunding products of different quality levels that can sufficiently satisfy consumer preferences. Firstly, considering the characteristics of a green crowdfunding product, we present four pricing strategies when substitutes exist. Then we propose the optimal pricing strategies to maximize the total profit for the creator under different circumstances, facing strategic and myopic consumers. Finally, for the heterogeneity of consumer valuations, we compare the total profits of the four pricing strategies under different values of the substitution coefficient to obtain the optimal pricing and product strategies under the coexistence of strategic and myopic consumers. According to the result, we find that when the fraction of high-type consumers and the gap between high and low valuations is big, or when they are both small, traditional single pricing shows its benefit. However, when the green crowdfunding products are better than their substitute, a line of green products is more likely to be optimal.

  7. Impact of price and thickness on consumer selection of ribeye, sirloin, and top loin steaks.

    Science.gov (United States)

    Leick, C M; Behrends, J M; Schmidt, T B; Schilling, M W

    2012-05-01

    Consumers (n=316) were recruited from college football picnickers to select ribeye, sirloin, and top loin steaks from 3 price groups based on thickness (n=10 steaks per price/type combination). Constant weight steaks were assigned to these groups: P1, thinnest, $19.80/kg ribeye and top loin, $10.99/kg sirloin; P2, average thickness, $22.00/kg ribeye and top loin, $13.19/kg sirloin; P3, thickest, $24.21/kg ribeye and top loin, $15.40/kg sirloin. Consumers selected 3 steaks per type and ranked selection criteria (price, color, marbling, thickness, texture). Percentage of steaks chosen from each price group did not differ (P>0.05), but consumers tended to select thinner ribeye steaks (P1 and P2) and thicker sirloin steaks (P2 and P3). Across all steak types, a greater number of consumers reported that marbling, color, and thickness were more important than price and visual texture. Data indicate that consumers may select steaks that display their preferred attributes, even if the steaks cost more. Copyright © 2011 Elsevier Ltd. All rights reserved.

  8. Relationship between differential pricing and consumers' perception of product quality: Ukrainian practice

    OpenAIRE

    Кривошия, Олена Анатоліївна; Базілінська, Олена Яківна

    2014-01-01

    The economic relations of consumer electronics sale through retail trade were investigated in the paper. In this case, the emphasis is placed on studying the relationship between the product quality in a particular product category and using the appropriate differential pricing strategy. The main objective of the study is to develop recommendations on using various differential pricing practices to improve enterprise profitability.Using modern information collection methods allows retailers t...

  9. Some Thoughts on Effects of Fluctuation of Stock and Real Estate Prices on Consumer Expenditure

    Institute of Scientific and Technical Information of China (English)

    刘琳

    2006-01-01

    @@ With the rapid development of China' s financial markets,stocks and real estate are becoming one of the assets that can exert remarkable influence on consumer behavior.Since the early 1990s, sharp rises in stock market value in some European and North American countries, along with violent swings of stock market in other countries (Japan, for instance), have asserted enormous influence upon their perspective level of consumer expenditure.In the meantime, influence of fluctuation of real estate prices has been growing consistently as well.Dr.Greenspan,Chairman of the Federal Reserve System, proclaimed in 2001 that fluctuation of U.S.real estate prices should have had a more significant impact on consumer expenditure than that from fluctuation of stock prices in that year, and this trend should continue to strengthen in U.S.

  10. Using Electroencephalogram (EEG to Understand The Effect of Price Perception on Consumer Preference

    Directory of Open Access Journals (Sweden)

    Fitri Aprilianty

    2016-06-01

    Full Text Available The research examines the influence of price as product cues on consumer’s perception and evaluation by using the application of electroencephalogram (EEG. This method can give objective information about consumer reactions towards product cues that will drive consumer’s choice. The main research objective was to observe and evaluate consumer’s brain activity in different brain regions while they were being exposed by several price levels (low, medium, high of underwear as stimuli and focused mainly on liking/disliking the stimuli. The participants consist of 10 female and 10 male consumers within 18-24 years old, have normal vision, right handed, and considered as potential purchasers of underwear. The participant’s brain activity was collected using Emotiv EPOC neuroheadset (EEG with international 10/20 system and was obtained in Beta frequency bands (13–30 Hz. The result indicated that there was a clear and significant change (p<0.05 in the EEG brain spectral activities of right and left hemisphere in the frontal (F3 & F4, temporal (T7 & T8, and parietal (P7 & P8 regions when participants indicated their attentiveness towards each price level stimulus. The results show, the male and female participant’s tactile sensations in parietal lobe does not give more favorable attention towards particular price stimulus, but the difference price perceptions in parietal lobe can lead to rational preference and give most favored response towards high price stimulus. Analyzing of price perception may help to understand the differences in price-related emotions and preference, which can gain insights into an alternative pricing strategy that can lead to influence consumers buying decision.

  11. Price signals and end consumer flexibility in shortage situations[Norway]; Prissignaler og sluttbrukerfleksibilitet i knapphetssituasjoner

    Energy Technology Data Exchange (ETDEWEB)

    Hunnes, Arngrim; Grande, Ove S.

    2002-08-01

    This report is written as a part of the project ''Consumer flexibility and efficient use of ICT''. The project aim is 1) to provide a decision basis and suggest external conditions for a priority guided development of an infrastructure based on future ICT solutions and 2) develop, test and evaluate various measures which stimulate flexibility in consumption with consideration to power price, network rent and new market solutions. The central question in the report is how to stimulate the end consumer to be flexible in the consumption of electric power. The use of power price and system rent is desired tools for communicating the right price signals to the end consumers and thereby give the end users an incentive. The focus is primarily on the short term flexibility. The first chapter in the report gives an introduction to the price signals and the two way communication. There is a clear distinction between price signals from power suppliers and price signals from network companies. The two following chapters contain a more thorough discussion. As to the price signals from the power suppliers it is pointed out that most of the existing power contracts have a design so that they in the short term do not give the right price signals to the end users. It is proposed that two new contract types are tested: 1) Spot price and time settling. 2) Contract for reduced power price in a certain period provided the consumer is willing to reduce the load when 1) the spot price exceeds a level given by the end user, 2) the present load exceeds the subscribed level. In the chapter about the price signals from network companies there is first a brief introduction to the natural monopoly and the demands of the authorities to network tariffs. There is also a survey of the size of the system tariffs in the various counties. The central section of the chapter contains suggestions for designing network tariffs. Based on the deductions it is proposed that the project

  12. Willingness to Overpay for Insurance and for Consumer Credit: Search and Risk Behavior Under Price Dispersion

    Directory of Open Access Journals (Sweden)

    Sergey MALAKHOV

    2014-11-01

    Full Text Available When income growth under price dispersion reduces the time of search and raises prices of purchases, the increase in purchase price can be presented as the increase in the willingness to pay for insurance or the willingness to pay for consumer credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility function takes the form of cubic parabola, where the risk aversion behavior ends at the saddle point of the comprehensive insurance or the complete consumer credit. The comparative static analysis of the saddle point of the utility function discovers the ambiguity of the departure from risk-neutrality. This ambiguity can produce the ordinary risk seeking behavior as well as mathematical catastrophes of Veblen-effect’s imprudence and over prudence of family altruism. The comeback to risk aversion is also ambiguous and it results either in increasing or in decreasing relative risk aversion. The paper argues that the decreasing relative risk aversion comes to the optimum quantity of money.

  13. Toward crustacean without chemicals: a descriptive analysis of consumer response using price comparisons

    Directory of Open Access Journals (Sweden)

    Charles Odilichukwu R. Okpala

    2016-10-01

    Full Text Available Background: To date, there seems to be limited-to-zero emphasis about how consumers perceive crustacean products subject to either chemical and or non-chemical preservative treatments. In addition, studies that investigated price comparisons of crustacean products subject to either chemical or chemical-free preservative methods seem unreported. Objective: This study focused on providing some foundational knowledge about how consumers perceive traditionally harvested crustaceans that are either chemical-treated and or free of chemicals, incorporating price comparisons using a descriptive approach. Design: The study design employed a questionnaire approach via interview using a computer-assisted telephone system and sampled 1,540 participants across five key locations in Italy. To actualize consumer sensitivity, ‘price’ was the focus given its crucial role as a consumption barrier. Prior to this, variables such as demographic characteristics of participants, frequency of purchasing, quality attributes/factors that limit the consumption of crustaceans were equally considered. Results: By price comparisons, consumers are likely to favor chemical-free (modified atmosphere packaging crustacean products amid a price increase of up to 15%. But, a further price increase such as by 25% could markedly damage consumers’ feelings, which might lead to a considerable number opting out in favor of either chemical-treated or other seafood products. Comparing locations, the studied variables showed no statistical differences (p>0.05. On the contrary, the response weightings fluctuated across the studied categories. Both response weightings and coefficient of variation helped reveal more about how responses deviated per variable categories. Conclusions: This study has revealed some foundational knowledge about how consumers perceive traditionally harvested crustaceans that were either chemical-treated or subject to chemical-free preservative up to price

  14. [The price-based certainty of purchase influences consumer behavior for discount].

    Science.gov (United States)

    Arihara, Katsuhiko; Ariga, Atsunori; Furuya, Takeshi

    2016-04-01

    Tversky & Kahneman (1981) reported that most participants decided to drive when they could save money on a low-price good as compared to when they could save on a high-price good, even though the discount prices were same. Although this irrational decision making has been interpreted as a rate-dependent estimation of value (prospect theory), this study newly proposes that it can be explained by the certainty of purchase based on the price of goods. Experiment 1 replicated the previously reported difference in decision making, and additionally demonstrated that participants' certainty of purchase was lower for a high- than a low-price good. When it was emphasized that participants' intention to purchase high- and low-price goods were equally sure, decision making did not significantly differ (Experiment 2). Furthermore, decision making differed based only on the certainty of purchase even,when prices of goods were-same (Experiment 3). Consumers' decision making may be rather rational, depending straightforwardly on the certainty of purchase that is susceptible to price.

  15. Toward crustacean without chemicals: a descriptive analysis of consumer response using price comparisons

    OpenAIRE

    Charles Odilichukwu R. Okpala; Bono, Gioacchino; Pipitone, Vito; Vitale, Sergio; Cannizzaro, Leonardo

    2016-01-01

    Background: To date, there seems to be limited-to-zero emphasis about how consumers perceive crustacean products subject to either chemical and or non-chemical preservative treatments. In addition, studies that investigated price comparisons of crustacean products subject to either chemical or chemical-free preservative methods seem unreported.Objective: This study focused on providing some foundational knowledge about how consumers perceive traditionally harvested crustaceans that are either...

  16. Generic script share and the price of brand-name drugs: the role of consumer choice.

    Science.gov (United States)

    Rizzo, John A; Zeckhauser, Richard

    2009-09-01

    Pharmaceutical expenditures have grown rapidly in recent decades, and now total nearly 10% of health care costs. Generic drug utilization has risen substantially alongside, from 19% of scripts in 1984 to 47% in 2001, thus tempering expenditure growth through significant direct dollar savings. However, generic drugs may lead to indirect savings as well if their use reduces the average price of those brand-name drugs that are still purchased. Prior work indicates that brand-name producers do not lower their prices in the face of generic competition, and our study confirms that finding. However, prior work is silent on how the mix of consumer choices between generic and brand-name drugs might affect the average price of those brand-name drugs that are purchased. We use a nationally representative panel of data on drug utilization and costs for the years 1996-2001 to examine how the share of an individual's prescriptions filled by generics (generic script share) affects his average out-of-pocket cost for brand-name drugs, and the net cost paid by the insurer. Our principal finding is that a higher generic script share lowers average brand-name prices to consumers, presumably because consumers are more likely to substitute generics when brand-name drugs would cost them more. This effect is substantial: a 10% increase in the consumer's generic script share is associated with a 15.6% decline in the average price paid for brand-name drugs by consumers. This implies that the potential cost savings to consumers from generic substitution are far greater than prior work suggests. In contrast, the percentage reduction in average brand costs to health plans is far smaller, and statistically insignificant.

  17. Gasoline records the lowest price in last two months; Gasorin, 2kagetsu buri ni saiyasune

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-07-01

    National gasoline average price of the May of 10 date and time points the petroleum information center arranging, dropped for 1 yen at the ratio 90 yen /l the previous month, and the lowest price was renewed in last two months. Past petroleum each sale company raised the wholesale price for stand, and it fell in 'effect of the sale competition in the golden week'. Only risen prefecture became April with 9 Prefecture of abounding comparison of 6 Prefecture, and it was lowered and began to also see the omen of the rest. Falling decreased from the investigation in the previous month at 13 Prefecture in 9 Prefecture. That Okinawa where the underselling competition revived drops for 5 yen, etc. are mainly conspicuous China and Shikoku, fall in price in Kyushu. Domestic price difference is 16 yen equal to the previous month on the prefectural lowest price on 83 yen and highest value of Okayama at 99 yen of Nagasaki and Kagoshima. (translated by NEDO)

  18. Ambiguity and Exaggeration in Price Promotion: Perceptions of the Elder and Nonelder Consumer.

    Science.gov (United States)

    Licata, Jane W.; Biswas, Abhijit; Krishnan, Balaji C.

    1998-01-01

    Forty older and 60 younger adults were asked to estimate the level of discount expected in ads. Consumers were skeptical of implausible discounts. Implausible and highly plausible discounts had more influence on price perceptions than did discounts with low plausibility. (SK)

  19. Dynamic Pricing Based on Strategic Consumers and Substitutes in a Duopoly Setting

    Directory of Open Access Journals (Sweden)

    Gongbing Bi

    2014-01-01

    Full Text Available Based on the rational strategic consumers, we construct a dynamic game to build a two-period dynamic pricing model for two brands of substitutes which are sold by duopoly. The solution concept of the dynamic game is Nash equilibrium. In our model, consumers have been clearly segmented into several consumption classes, according to their expected value of the products. The two competing firms enter a pricing game and finally reach the state of Nash equilibrium. In addition, decision-making process with only myopic consumers existing in the market is analyzed. To make the paper more practical and realistic, the condition, in which the myopic and strategic consumers both exist in the market, is also considered and studied. In order to help the readers understand better and make it intuitively more clearly, a numerical example is given to describe the influence of the main parameters to the optimal prices. The result indicates that, to maintain the firms’ respective optimal profits, the prices of the products should be adjusted appropriately with the changes of product differentiation coefficient.

  20. Contract mechanisms for coordinating pricing strategies in a supply chain with two consumer segments

    NARCIS (Netherlands)

    Nalla, V.R.; Venugopal, V.; Veen, van der J.A.A.

    2009-01-01

    This paper addresses pricing strategies in a serial supply chain (SC) consisting of a single Buyer, a single Supplier and where the end-consumers are comprised of two segments, each with a different willingness-to-pay. Under the assumption that the final demand and the segments’ willingness-to-pay

  1. Package design influences on consumer-brand relationships and price perception

    NARCIS (Netherlands)

    M. Tolboom; E. Smit; F. Bronner

    2009-01-01

    This article compares the effects of package design on the consumer-brand relationship and price perception. In particular it analyses the effects of package design on two stages of the ionship: the initiation and the maintenance stage. The results show interesting differences between two relationsh

  2. Package design influences on consumer-brand relationships and price perception

    NARCIS (Netherlands)

    Tolboom, M.; Smit, E.; Bronner, F.

    2009-01-01

    This article compares the effects of package design on the consumer-brand relationship and price perception. In particular it analyses the effects of package design on two stages of the ionship: the initiation and the maintenance stage. The results show interesting differences between two

  3. Profiling the high frequency wine consumer by price segmentation in the US market

    Directory of Open Access Journals (Sweden)

    Liz Thach

    2015-06-01

    Full Text Available Heavy users of consumer products are important to marketers as a profitable target segment. This is equally true in the wine industry, but with the added precaution of encouraging responsible consumption. This study examines the attributes and behaviors of 681 high frequency (heavy-user wine consumers in the US, based on a price segmentation of High, Moderate, and Low Spenders. For this study, price segmentation was defined as the price typically paid for a bottle of wine for home consumption. Significant differences were discovered based on gender, age, income, wine involvement, shopping channel, ecommerce/social media usage and other key areas. Implications for marketing managers as well as areas of future research are described.

  4. A Data-Driven Bidding Model for a Cluster of Price-Responsive Consumers of Electricity

    DEFF Research Database (Denmark)

    Saez Gallego, Javier; Morales González, Juan Miguel; Zugno, Marco

    2016-01-01

    This paper deals with the market-bidding problem of a cluster of price-responsive consumers of electricity. We develop an inverse optimization scheme that, recast as a bilevel programming problem, uses price-consumption data to estimate the complex market bid that best captures the price.......g., weather conditions and calendar effects. We test the proposed methodology for a particular application: forecasting the power consumption of a small aggregation of households that took part in the Olympic Peninsula project. Results show that the price-sensitive consumption of the cluster of flexible loads......-response of the cluster. The complex market bid is defined as a series of marginal utility functions plus some constraints on demand, such as maximum pick-up and drop-off rates. The proposed modeling approach also leverages information on exogenous factors that may influence the consumption behavior of the cluster, e...

  5. The Tendencies of Harmonised Index of Consumer Prices in Lithuania and European Union

    Directory of Open Access Journals (Sweden)

    Ūla Urbaitė

    2011-03-01

    Full Text Available This article analyses the criterion of price stability, which plays an important role for Lithuanian ability to adopt the Euro. This work concentrates on analyses of price stability more deeply, presenting the methodologies of determination of inflation rate. The research is based on forecast of short and long-term tendencies of inflation rate in Lithuania and European Union in order to determine the future opportunities to meet price stability criterion and to adopt the Euro. Lithuanian Harmonised Index of Consumer Prices is forecasted for short and long-term, taking into account the present economical crises period and compared with predictions of other institutions such as Ministry of Finances, EC and SEB Bank.Article in English

  6. 5 CFR 591.221 - How does OPM compute the consumer expenditure weights it uses to combine price indexes?

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false How does OPM compute the consumer expenditure weights it uses to combine price indexes? 591.221 Section 591.221 Administrative Personnel OFFICE... the consumer expenditure weights it uses to combine price indexes? OPM uses the following...

  7. MONTHLY PRICE ANALYSIS OF COWPEA (BEANS AND MAIZE IN AKWA IBOM STATE, SOUTHERN NIGERIA

    Directory of Open Access Journals (Sweden)

    Sunday Brownson Akpan

    2014-04-01

    Full Text Available The study examined the price transmission and market integration of Maize and Beans in the rural and urban markets of Akwa Ibom State, Nigeria. Average monthly prices (measured in naira per kilogram of Maize and Cowpea in rural and urban markets were used in the analysis. The data was obtained from the quarterly publications of the Akwa Ibom State Agricultural Development Programme (AKADEP. The data covered the period; January 2005 to June 2013. The trend analysis showed that, prices of Maize and Beans in the rural and urban markets had exponential growth rates that were less than unity, which suggested a possible co-movement of these prices in the study area. Also, the Pearson correlation coefficient generated for the pair of rural and urban prices of Maize and Beans revealed significant linear symmetric relationships. The result implies the existence of symmetric market information flows between the rural and urban markets for Maize and Beans in the state. The Granger causality test revealed bi-directional relationships between the rural and urban price of Maize and Beans in the study area. The co-integration test revealed the presence of co-integration between the rural and urban prices of Maize and Beans. The coefficients of the price variables in the co-integration equations for Maize and Beans markets converged to unity or law of one price which implied perfect market integration in the long run. The results of the error correction model (ECM also confirm the existence of the short run market integration between the rural and urban prices of Maize and Beans in the study area. In addition, it was discovered that, the rural price of Maize adjusted faster to the stable state in the long run than the urban price. Likewise, the urban price of Beans adjusted faster than its corresponding rural price. The index of market connection (IMC supported the high short run market integration for prices of Maize and Beans in rural and urban markets. Based

  8. Determining consumer purchase intentions: the importance of dry matter, size, and price of kiwifruit.

    Science.gov (United States)

    Jaeger, Sara R; Harker, Roger; Triggs, Chris M; Gunson, Anne; Campbell, Rachel L; Jackman, Richard; Requejo-Jackman, Cecilia

    2011-04-01

    Knowledge of the relative importance of food quality attributes in determining consumer purchase intention is critical for robust assessment of economic opportunities for industry growth. The aim of this study is to demonstrate how conjoint analysis methodology that incorporates tasting of fruit can be used to collect such information. Three hundred Japanese consumers took part in research designed to measure the importance of dry matter (DM), size, and price of kiwifruit (Actinidia deliciosa "Hayward" and Actinidia chinensis "Hort16A") for purchase intention. Measurement of consumer liking for kiwifruit of different DM content was a key first step. Liking increased as DM increased and was accompanied by increased purchase likelihood/choice probability for kiwifruit. The size of kiwifruit presented to consumers varied from "small" to "extra large." Consumers liked "mid-sized" kiwifruit over "small" or "extra-large" kiwifruit. Despite these differences in liking, size was of little importance in determining purchase likelihood/choice probability for kiwifruit. Price was a very important factor in determining purchase likelihood/choice probability but was less important than DM content. As price increased, purchase likelihood/choice probability decreased. Beneath these general findings, heterogeneity existed. Some consumers placed more/less importance on the focal purchase drivers than suggested by the aggregate model. Overall, the results suggest that incentive schemes already implemented by industry should consider rewarding high-DM fruit more than fruit size.   This research has contributed to the New Zealand kiwifruit industry gaining a better understanding of the relative importance consumers place on DM, size, and price of kiwifruit and has resulted in changes to grower incentive schemes. The research approach presented forces consumer to tradeoff attributes of kiwifruit against each other and decide on how important two key quality attributes-DM and

  9. THE INFLUENCE OF PRICES AND INCOME ON CONSUMER BEHAVIOUR OF THE POPULATION. THE CASE OF ROMANIA

    Directory of Open Access Journals (Sweden)

    Anghelina Andrei

    2012-12-01

    Full Text Available The recession influenced the consummers in their biggest concern – their income. In the same time the recession changed some important trends in consume. In this paperwork the authors intend to determine how strong the influence of prices and incomes of the population is on the consumer behavior, especially in Romania. Also the author want to present the case study of Romania concerning the recession of economy and some new aspects of consumer behavior. There is a strong conexion between the income and consume and the time of recession show it in the best way. In this way the author did some research on the market and by some analyses in a statistical editor we conclude that there is a strong determination in the consumer behavior by the income of the population especially in Romania, a country with a developing economy.

  10. Price reactions when consumers are concerned about pro-social reputation

    DEFF Research Database (Denmark)

    Kahsay, Goytom Abraha; Andersen, Laura Mørch; Hansen, Lars Gårn

    In this paper, we propose a reputation-signalling model of demand for consumer goods containing pro-social characteristics such as a ‘fair trade’ or ‘organic’ certification. We show that reputation signalling can reverse price reactions resembling the crowding-out of pre-existing motives for pro......-social behavior seen in situations of volunteering and charitable giving. Finally, using a unique combination of questionnaire and purchase panel data, we present evidence of such reputation-driven reversal of price reactions in the Danish market for organic milk....

  11. Envy-Free Pricing with General Supply Constraints for Unit Demand Consumers

    Institute of Scientific and Technical Information of China (English)

    Sungjin Im; Pin-Yan Lu; Ya-Jun Wang

    2012-01-01

    The envy-free pricing problem can be stated as finding a pricing and allocation scheme in which each consumer is allocated a set of items that maximize his/her utility under the pricing.The goal is to maximize seller revenue.We study the problem with general supply constraints which are given as an independence system defined over the items.The constraints,for example,can be a number of linear constraints or matroids.This captures the situation where items do not pre-exist,but are produced in reflection of consumer valuation of the items under the limit of resources.This paper focuses on the case of unit-demand consumers.In the setting,there are n consumers and m items; each item may be produced in multiple copies.Each consumer i ∈ [n] has a valuation vij on item j in the set Si in which he/she is interested.He/she must be allocated (if any) an item which gives the maximum (non-negative) utility.Suppose we are given an α-approximation oracle for finding the maximum weight independent set for the given independence system (or a slightly stronger oracle); for a large number of natural and interesting supply constraints,constant approximation algorithms are available.We obtain the following results.1) O(α log n)-approximation for the general case.2) O(αk)-approximation when each consumer is interested in at most k distinct types of items.3) O(αf)-approximation when each type of item is interesting to at most f consumers.Note that the final two results were previously unknown even without the independence system constraint.

  12. Consumer behaviour towards price-reduced suboptimal foods in the supermarket and the relation to food waste in households.

    Science.gov (United States)

    Aschemann-Witzel, Jessica; Jensen, Jacob Haagen; Jensen, Mette Hyldetoft; Kulikovskaja, Viktorija

    2017-09-01

    To combat food waste, supermarkets offer food items at a reduced price in-store when they are close to the expiration date or perceived as suboptimal. It is yet unknown, however, which considerations consumers engage in when deciding about the offer, and whether focusing particularly on the price during food purchase might be related to greater food waste at home. Knowledge about both the consumers' food purchase process for these price-reduced foods and the potential wastage of price-focused consumers can contribute to the assessment of whether or not offering suboptimal food at reduced prices in-store actually reduces food waste across the supply chain. We explore these questions in a mixed-method study including 16 qualitative accompanied shopping interviews and a quantitative online experimental survey with 848 consumers in Denmark. The interviews reveal that the consumers interviewed assess their ability to consume the price-reduced suboptimal food at home already while in the store. Consumers consider the relation between product-related factors of package unit, expiration date, and product quality, in interaction with household-related factors of freezing/storing, household size/demand, and possible meal/cooking. The survey shows that consumers who are more price-focused report lower food waste levels and lower tendency to choose the optimal food item first at home, than those who are not emphasizing the price-quality relation or do not search for price offers to the same extent. Higher age and high education also played a role, and the price-focus is lower in high-income groups and among single households. The findings allow deriving recommendations for retailers and policy makers to support both the marketability and the subsequent actual consumption of price-reduced suboptimal food, but they also raise questions for further research of this underexplored area. Copyright © 2017 Elsevier Ltd. All rights reserved.

  13. Impact of a targeted direct marketing price promotion intervention (Buywell) on food-purchasing behaviour by low income consumers: a randomised controlled trial.

    Science.gov (United States)

    Stead, M; MacKintosh, A M; Findlay, A; Sparks, L; Anderson, A S; Barton, K; Eadie, D

    2017-08-01

    Price promotions are a promising intervention for encouraging healthier food purchasing. We aimed to assess the impact of a targeted direct marketing price promotion combined with healthy eating advice and recipe suggestions on the purchase of selected healthier foods by low income consumers. We conducted a randomised controlled trial (n = 53 367) of a direct marketing price promotion (Buywell) combined with healthy eating advice and recipe suggestions for low income consumers identified as 'less healthy' shoppers. Impact was assessed using electronic point of sale data for UK low income shoppers before, during and after the promotion. The proportion of customers buying promoted products in the intervention month increased by between 1.4% and 2.8% for four of the five products. There was significantly higher uptake in the promotion month (P increase (1%) was found in the intervention month of customers switching from full-fat to low-fat milk. This represented 8% of customers who previously bought only full-fat milk. The effects were generally not sustained after the promotion period. Short-term direct marketing price promotions combined with healthy eating advice and recipe suggestions targeted at low income consumers are feasible and can have a modest impact on short-term food-purchasing behaviour, although further approaches are needed to help sustain these changes. © 2017 The British Dietetic Association Ltd.

  14. The Low Cost Airline Consumer Price Sensitivity. An Investigation on The Mediating Role of Promotion and Trust in Brand

    Directory of Open Access Journals (Sweden)

    Janfry Sihite

    2014-12-01

    Full Text Available The ASEAN Open Sky Policy is one of ASEAN policy to open the airspace between the ASEAN member countries. Aviation services based companies including the Low Cost airlines will experience tight com-petition among ASEAN airline companies. This research aim to explore the effect of price on customer loyalty through the mediating role of promotion and trust in brand. The original sample collected from 100 Indonesian low-cost airline Citilink consumer that just arrived in Soekarno-Hatta International Airport, the bootstrapped techniques conducted for 500 sub-samples and further analyzed with structural equation modelling partial least square. The research findings support the low cost airline consumer price sensitivity, furthermore price affect the trust in brand more severe compared with the promotion. Price effect fully mediated through the trust in brand and promotion toward the consumer loyalty. Further research should consider the sensitivity of price to elaborate the decision making process for the low cost airline consumer.

  15. ARIMA Model Estimated by Particle Swarm Optimization Algorithm for Consumer Price Index Forecasting

    Science.gov (United States)

    Wang, Hongjie; Zhao, Weigang

    This paper presents an ARIMA model which uses particle swarm optimization algorithm (PSO) for model estimation. Because the traditional estimation method is complex and may obtain very bad results, PSO which can be implemented with ease and has a powerful optimizing performance is employed to optimize the coefficients of ARIMA. In recent years, inflation and deflation plague the world moreover the consumer price index (CPI) which is a measure of the average price of consumer goods and services purchased by households is usually observed as an important indicator of the level of inflation, so the forecast of CPI has been focused on by both scientific community and relevant authorities. Furthermore, taking the forecast of CPI as a case, we illustrate the improvement of accuracy and efficiency of the new method and the result shows it is predominant in forecasting.

  16. 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.

  17. 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

    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. 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). 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). 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). 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.

  18. The influence of an online auction's product price and e-retailer reputation on consumers' perception, attitude, and behavioral intention.

    Science.gov (United States)

    Wu, Wann-Yih; Huang, Po-Ching; Fu, Chen-Su

    2011-06-01

    Online auctions combine the conventional auction model with information technology. However, information asymmetry within such auctions causes risks and uncertainties that influence consumer purchase intentions. In this study, a 2 (product price: high vs. low) × 2 (e-retailer reputation: high vs. low) experimental design was used to understand whether the product price and e-retailer reputation will influence consumers' perceived risk, attitude toward the website and purchase intention. The results of this study indicate that perceived risk negatively influences consumer attitude toward the website and online purchase intention, while consumer attitude toward the website positively influences purchase intention. Moreover, involvement moderates the influence of product price and e-retailer reputation only on social risk but does not have a significant effect on consumer attitude toward the website. This study contributes to a more comprehensive understanding of online auction users' behavior. Finally, the managerial implications, limitations and future research directions are also provided.

  19. Impacts of the Fairly Priced REDD-based CO2 Offset Options on the Electricity Producers and Consumers

    Directory of Open Access Journals (Sweden)

    Andrey Andreyevich Krasovskii

    2014-09-01

    Full Text Available This paper deals with the modeling of two sectors of a regional economy: electricity and forestry. We show that CO2 price will impact not only the profits of the CO2 emitting electricity producer (decrease, but also the electricity prices for the consumer (increase, and, hence, some financial instruments might be implemented today in order to be prepared for the uncertain CO2 prices in the future. We elaborate financial instrument based on the Reduced Emissions from Deforestation and Degradation (REDD+ mechanism. We model optimal behavior of forest owner and electricity producer under uncertainty and determine equilibrium fair prices of REDD-based-options.

  20. Brand Name, Store Image, and Country-of-Origin: The Effects on Consumers' Perception of Quality and Price.

    Science.gov (United States)

    King, Margaret C. A.

    1993-01-01

    A review of literature indicated that, with regard to brand labels, consumers' perception of price, but not of quality, was affected. Consumers expected to pay more for goods bought in a higher status store and rated imported goods as being more expensive than domestically produced goods. Products from developing countries received lower quality…

  1. Brand Name, Store Image, and Country-of-Origin: The Effects on Consumers' Perception of Quality and Price.

    Science.gov (United States)

    King, Margaret C. A.

    1993-01-01

    A review of literature indicated that, with regard to brand labels, consumers' perception of price, but not of quality, was affected. Consumers expected to pay more for goods bought in a higher status store and rated imported goods as being more expensive than domestically produced goods. Products from developing countries received lower quality…

  2. Assessment of Gasoline Prices and its Predictive Power on U.S. Consumers' Retail Spending and Savings

    Science.gov (United States)

    Alvarado-Bonilla, Joel

    The rising costs of fuels and specifically gasoline pose an economic challenge to U.S. consumers. Thus, the specific problem considered in this study was a rise in gasoline prices can reduce consumer spending, disposable income, food service traffic, and spending on healthy food, medicines, or visits to the doctor. Aligned with the problem, the purpose of this quantitative multiple correlation study was to examine the economic aspects for a rise in gasoline prices to reduce the six elements in the problem. This study consisted of a correlational design based on a retrospective longitudinal analysis (RLA) to examine gasoline prices versus the economic indexes of: (a) Retail Spending and (b) personal savings (PS). The RLA consisted on historic archival public data from 1978 to 2015. This RLA involved two separate linear multiple regression analyses to measure gasoline price's predictive power (PP) on two indexes while controlling for Unemployment Rate (UR). In summary, regression Formula 1 revealed Gasoline Price had a significant 61.1% PP on Retail Spending. In contrast, Formula 2 had Gasoline Price not having a significant PP on PS. Formula 2 yielded UR with 38.8% PP on PS. Results were significant at pGasoline Price's PP on Retail Spending means a spending link to retail items such as: food service traffic, healthy food, medicines, and consumer spending. The UR predictive power on PS was unexpected, but logical from an economic view. Also unexpected was Gasoline Price's non-predictive power on PS, which suggests Americans may not save money when gasoline prices drop. These results shed light on the link of gasoline and UR on U.S. consumer's economy through savings and spending, which can be useful for policy design on gasoline and fuels taxing and pricing. The results serve as a basis for future study on gasoline and economics.

  3. Product Safety, It's No Accident. A Consumer Product Safety Monthly Planning Guide for Community Organizations.

    Science.gov (United States)

    Consumer Product Safety Commission, Washington, DC.

    A consumer product safety monthly planning guide for community organizations is provided. The material is organized into suggested monthly topics with seasonal emphasis. Each section highlights selected information about how to identify potential hazards associated with categories of products. Each section also includes recommendaitons of ways to…

  4. Determining the Causality Between Retail Price and Consumer Demand in a Linear Function when Demand-Shift Variables are Missing but Wholesale Prices are Available

    NARCIS (Netherlands)

    Kuiper, W.E.; Meulenberg, M.T.G.

    2005-01-01

    A test procedure is proposed to test for the simultaneous nature of the relationship between price and quantity with respect to consumer demand of fresh products at the level of an individual retail chain. It is argued in the literature that, on the sector level, inverse demand systems in which quan

  5. INTER-MARKET AND SEASONAL VARIATION IN PRICES: AN ...

    African Journals Online (AJOL)

    iya beji

    agricultural products vary from month to month and even from day to day. Prices also ... Therefore, the product in demand by the consumer at the retail level is a ... price behaviour. ..... grain quality characteristics of three field corn varieties.

  6. Spanish, French and British consumers' acceptability of Uruguayan beef, and consumers' beef choice associated with country of origin, finishing diet and meat price.

    Science.gov (United States)

    Realini, C E; Font i Furnols, M; Sañudo, C; Montossi, F; Oliver, M A; Guerrero, L

    2013-09-01

    The effect of country of origin (local, Switzerland, Argentina, Uruguay), finishing diet (grass, grass plus concentrate, concentrate), and price (low, medium, high) on consumer's beef choice and segmentation was evaluated in Spain, France and United Kingdom. Sensory acceptability of Uruguayan beef from different production systems was also evaluated and contrasted with consumers' beef choices. Origin was the most important characteristic for the choice of beef with preference for meat produced locally. The second most important factor was animal feed followed by price with preference for beef from grass-fed animals and lowest price. The least preferred product was beef from Uruguay, concentrate-fed animals and highest price. Sensory data showed higher acceptability scores for Uruguayan beef from grass-fed animals with or without concentrate supplementation than animals fed concentrate only. Consumer segments with distinct preferences were identified. Foreign country promotion seems to be fundamental for marketing beef in Europe, as well as the development of different marketing strategies to satisfy each consumer segment.

  7. The Low Cost Airline Consumer Price Sensitivity. An Investigation on The Mediating Role of Promotion and Trust in Brand

    Directory of Open Access Journals (Sweden)

    Janfry Sihite

    2014-12-01

    Full Text Available The ASEAN Open Sky Policy is one of ASEAN policy to open the airspace between the ASEAN member countries. Aviation services based companies including the Low Cost airlines will experience tight com-petition among ASEAN airline companies. This research aim to explore the effect of price on customer loyalty through the mediating role of promotion and trust in brand. The original sample collected from 100 Indonesian low-cost airline Citilink consumer that just arrived in Soekarno-Hatta International Airport, the bootstrapped techniques conducted for 500 sub-samples and further analyzed with structural equation modelling partial least square. The research findings support the low cost airline consumer price sensitivity, furthermore price affect the trust in brand more severe compared with the promotion. Price effect fully mediated through the trust in brand and promotion toward the consumer loyalty. Further research should consider the sensitivity of price to elaborate the decision making process for the low cost air-line consumer.

  8. Oil Price Shocks and Exchange Rate Management: The Implications of Consumer Durables for the Small Open Economy

    OpenAIRE

    Michael Plante

    2008-01-01

    This paper examines exchange rate management issues when a small open economy is hit by an exogenous oil price shock. In this model consumer durables play an important role in the demand for oil and oil based products as opposed to the traditional role of oil as a factor of production. When prices are sticky, oil price shocks lead to reduced output, lower inflation, and real exchange rate deprecation. These recessionary effects occur whether or not oil is in the production function because of...

  9. Comparison of physicochemical characteristics and consumer perception of rice samples with different countries of origin and prices.

    Science.gov (United States)

    Jang, Eun-Hee; Lim, Seung-Taik; Kim, Sang Sook

    2012-06-01

    Rice is the only food item which is not liberalized in Korea. To prepare for future liberalization of the rice market in Korea, the physicochemical characteristics and consumer perception of four domestic rice samples were compared with those of 11 foreign rice samples. Additionally, the influences of country of origin (CO) and price on purchase intent (PI) and willingness to pay (WTP) were investigated. Consumer acceptance of rice samples from Japan was generally higher than that of rice samples from other countries. In an informed test, PI was affected by price and CO, while WTP was affected mostly by price. The PI decreased with the price provided while the WTP increased. In a blind test, consumers evaluated PI and WTP according to sensory liking. The PI was higher in the informed test than in the blind test in all domestic samples. Generally, consumer acceptance was highly correlated with fat acidity (r = - 0.76), protein content (r = - 0.72), and b value (r = - 0.64) of the rice samples. Further efforts to increase the quality of rice are recommended for survival in the global market after liberalization of rice, even though consumers showed loyalty for PI of domestic samples. Copyright © 2011 Society of Chemical Industry.

  10. Fanning the flames? : How media coverage of a price war impacts retailers, consumers and investors

    NARCIS (Netherlands)

    van Heerde, H.J.; Gijsbrechts, E.; Pauwels, K.

    2015-01-01

    This paper explores how media coverage of a price war impacts customer, retailer and investor reactions over time. Based on data covering a Dutch supermarket price war (2003–2005), the authors find that price reductions, and especially deep ones, trigger media coverage of the price conflict. This se

  11. 75 FR 49411 - Consumer Price Index Adjustments of Oil Pollution Act of 1990 Limits of Liability-Vessels and...

    Science.gov (United States)

    2010-08-13

    ... Index Adjustments of Oil Pollution Act of 1990 Limits of Liability--Vessels and Deepwater Ports'' (74 FR... SECURITY Coast Guard 33 CFR Part 138 RIN 1625-AB25 Consumer Price Index Adjustments of Oil Pollution Act of...; information collection approval. SUMMARY: On July 1, 2009, the Coast Guard amended the Oil Pollution Act...

  12. Limits to growth in organic sales : price elasticity of consumer demand for organic food in Dutch supermarkets

    NARCIS (Netherlands)

    Bunte, F.H.J.; Galen, van M.A.; Kuiper, W.E.; Bakker, J.H.

    2007-01-01

    This report determines how sensitive consumer demand for organic products is to changes in the prices of organic products. The report is based on the analysis of scanner data for supermarkets in ten Dutch communities. In the framework of the analysis, an experiment has been performed in which the pr

  13. Limits to growth in organic sales : price elasticity of consumer demand for organic food in Dutch supermarkets

    NARCIS (Netherlands)

    Bunte, F.H.J.; Galen, van M.A.; Kuiper, W.E.; Bakker, J.H.

    2007-01-01

    This report determines how sensitive consumer demand for organic products is to changes in the prices of organic products. The report is based on the analysis of scanner data for supermarkets in ten Dutch communities. In the framework of the analysis, an experiment has been performed in which the

  14. Price-transparency and cost accounting: challenges for health care organizations in the consumer-driven era.

    Science.gov (United States)

    Hilsenrath, Peter; Eakin, Cynthia; Fischer, Katrina

    2015-01-01

    Health care reform is directed toward improving access and quality while containing costs. An essential part of this is improvement of pricing models to more accurately reflect the costs of providing care. Transparent prices that reflect costs are necessary to signal information to consumers and producers. This information is central in a consumer-driven marketplace. The rapid increase in high deductible insurance and other forms of cost sharing incentivizes the search for price information. The organizational ability to measure costs across a cycle of care is an integral component of creating value, and will play a greater role as reimbursements transition to episode-based care, value-based purchasing, and accountable care organization models. This article discusses use of activity-based costing (ABC) to better measure the cost of health care. It describes examples of ABC in health care organizations and discusses impediments to adoption in the United States including cultural and institutional barriers. © The Author(s) 2015.

  15. Entropy correlation distance method. The Euro introduction effect on the Consumer Price Index

    Science.gov (United States)

    Miśkiewicz, Janusz

    2010-04-01

    The idea of entropy was introduced in thermodynamics, but it can be used in time series analysis. There are various ways to define and measure the entropy of a system. Here the so called Theil index, which is often used in economy and finance, is applied as it were an entropy measure. In this study the time series are remapped through the Theil index. Then the linear correlation coefficient between the remapped time series is evaluated as a function of time and time window size and the corresponding statistical distance is defined. The results are compared with the the usual correlation distance measure for the time series themselves. As an example this entropy correlation distance method (ECDM) is applied to several series, as those of the Consumer Price Index (CPI) in order to test some so called globalisation processes. Distance matrices are calculated in order to construct two network structures which are next analysed. The role of two different time scales introduced by the Theil index and a correlation coefficient is also discussed. The evolution of the mean distance between the most developed countries is presented and the globalisation periods of the prices discussed. It is finally shown that the evolution of mean distance between the most developed countries on several networks follows the process of introducing the European currency - the Euro. It is contrasted to the GDP based analysis. It is stressed that the entropy correlation distance measure is more suitable in detecting significant changes, like a globalisation process than the usual statistical (correlation based) measure.

  16. DEFINITION OF COMPETITIVE PRICE OF HOUSES PROCEEDING FROM THEIR CONSUMER PROPERTIES

    Directory of Open Access Journals (Sweden)

    Хакимзян Амирович Фасхиев

    2016-11-01

    Full Text Available The method of determination of competitive prices of individual houses, which is based on the price depending on the customer value of the object to the decision maker. Line «red price» compared to residential houses built on the basis of an assessment of their quality aggregate-decomposition method. The price of the test at home is determined by the line «red price» for its calculated level of quality. The technique can be used in the valuation of real estate activities. An example of determining the price of an apartment house, located in the suburbs of a large city.

  17. The importance of quality, access and price to health care consumers in Bulgaria: a self-explicated approach.

    Science.gov (United States)

    Pavlova, Milena; Groot, Wim; van Merode, Godefridus

    2003-01-01

    One approach to the problem of low patient satisfaction in Bulgaria is to identify attributes of health care services that the consumers value most and to focus on their improvement. Based on data from a household survey, this paper examines the importance that health care consumers attach to quality, access and price. The survey was conducted in 2000 among the population of the region of Varna (the third largest city in Bulgaria). The elicitation of attribute importance was based on a self-explicated method. To analyse the data, an ordered logit regression was performed. The analysis shows that clinical quality is the most valued characteristic by Bulgarian health care consumers compared with social quality, access and price. Given the poor quality of health care provision in Bulgaria, the allocation of revenues to its improvement appears to be essential in order to raise patient satisfaction and to enhance social efficiency.

  18. Do High Consumers of Sugar-Sweetened Beverages Respond Differently to Price Changes? A Finite Mixture IV-Tobit Approach.

    Science.gov (United States)

    Etilé, Fabrice; Sharma, Anurag

    2015-09-01

    This study compares the impact of sugar-sweetened beverages (SSBs) tax between moderate and high consumers in Australia. The key methodological contribution is that price response heterogeneity is identified while controlling for censoring of consumption at zero and endogeneity of expenditure by using a finite mixture instrumental variable Tobit model. The SSB price elasticity estimates show a decreasing trend across increasing consumption quantiles, from -2.3 at the median to -0.2 at the 95th quantile. Although high consumers of SSBs have a less elastic demand for SSBs, their very high consumption levels imply that a tax would achieve higher reduction in consumption and higher health gains. Our results also suggest that an SSB tax would represent a small fiscal burden for consumers whatever their pre-policy level of consumption, and that an excise tax should be preferred to an ad valorem tax. Copyright © 2015 John Wiley & Sons, Ltd.

  19. Minority Game of price promotions in fast moving consumer goods markets

    Science.gov (United States)

    Groot, Robert D.; Musters, Pieter A. D.

    2005-05-01

    A variation of the Minority Game has been applied to study the timing of promotional actions at retailers in the fast moving consumer goods market. The underlying hypotheses for this work are that price promotions are more effective when fewer than average competitors do a promotion, and that a promotion strategy can be based on past sales data. The first assumption has been checked by analysing 1467 promotional actions for three products on the Dutch market (ketchup, mayonnaise and curry sauce) over a 120-week period, both on an aggregated level and on retailer chain level. The second assumption was tested by analysing past sales data with the Minority Game. This revealed that high or low competitor promotional pressure for actual ketchup, mayonnaise, curry sauce and barbecue sauce markets is to some extent predictable up to a forecast of some 10 weeks. Whereas a random guess would be right 50% of the time, a single-agent game can predict the market with a success rate of 56% for a 6-9 week forecast. This number is the same for all four mentioned fast moving consumer markets. For a multi-agent game a larger variability in the success rate is obtained, but predictability can be as high as 65%. Contrary to expectation, the actual market does the opposite of what game theory would predict. This points at a systematic oscillation in the market. Even though this result is not fully understood, merely observing that this trend is present in the data could lead to exploitable trading benefits. As a check, random history strings were generated from which the statistical variation in the game prediction was studied. This shows that the odds are 1:1,000,000 that the observed pattern in the market is based on coincidence.

  20. Statistical Capacity Building of Official Statisticians in Practice: Case of the Consumer Price Index

    Directory of Open Access Journals (Sweden)

    Deutsch Tomi

    2016-12-01

    Full Text Available This article focuses on the issue of statistical capacity building of official statisticians using the case of the consumer price index (CPI as an illustrative example. Although used for indexation of salaries, pensions, and social welfare benefits, but also as an approximation of the general inflation rate, there are several unresolved methodological issues associated with CPI’s calculation. Apart from the choice among two alternative concepts, the challenge of how to include owner-occupied housing (OOH in CPI has also not been adequately resolved yet. Analysis in the article is based on Slovenian data. The results show that accuracy of the CPI significantly improves if it is calculated using one of the superlative and symmetric formulas, and that it makes sense to include OOH in CPI using the total acquisitions approach. The analysis further indicates that the choice of the index formula for calculating CPI has a much greater impact on the CPI value than inclusion of OOH. Academic research findings such as these should not remain unknown to the wide professional community of official statisticians. Formal channels for knowledge transfer from academia to official statistics providers should be established to facilitate continuous statistical capacity building of official statisticians.

  1. EVERY DAY LOW PRICING OR DYNAMIC PRICING IN THE PRESENCE OF STRATEGIC CONSUMERS%天天平价还是动态定价?——基于策略消费者行为的视角

    Institute of Scientific and Technical Information of China (English)

    徐贤浩; 陈雯; 沈古文

    2011-01-01

    Dynamic pricing helps the firm to exploit consumers surplus, but it also creates an incentive for strategic consumers to wait for lower price. This paper studies the optimal pricing and stocking decision of a fashion-like seasonal good in a market containing both strategic and nonstrategic consumers. We compare three strategies: rationing dynamic pricing, unrationing dynamic pricing and static pricing. When price is exogenous, rationing dynamic pricing is optimal only if there is a sufficiently large segment of high-valuation consumers and the proportion of strategic consumer is medium. When price is endogenous, rationing dynamic pricing is always inferior. Everyday low pricing outperforms while the number of strategic consumer is small, otherwise unrationing dynamic pricing is optimal.%动态定价有利于厂商获得更多的消费者剩余,但是也会促使策略消费者持币观望,等待低价.研究策略消费者所占比例对厂商定价和库存决策的影响,给出了不限量动态定价、限量动态定价和天天平价三种策略的适用范围.当价格外生时,仅当对商品评价高的消费者数量较多且策略消费者所占比例适中时,限量策略较好;当价格内生时,若策略消费者比例较大,薄利多销的天天平价策略能吸引策略消费者尽早购买,若策略消费者比例较小,采取不限量动态定价策略能获得更大利润.

  2. Dynamic Pricing in Cloud Manufacturing Systems under Combined Effects of Consumer Structure, Negotiation, and Demand

    Directory of Open Access Journals (Sweden)

    Wei Peng

    2017-01-01

    Full Text Available In this study, we proposed a game-theory based framework to model the dynamic pricing process in the cloud manufacturing (CMfg system. We considered a service provider (SP, a broker agent (BA, and a dynamic service demander (SD population that is composed of price takers and bargainers in this study. The pricing processes under linear demand and constant elasticity demand were modeled, respectively. The combined effects of SD population structure, negotiation, and demand forms on the SP’s and the BA’s equilibrium prices and expected revenues were examined. We found that the SP’s optimal wholesale price, the BA’s optimal reservation price, and posted price all increase with the proportion of price takers under linear demand but decrease with it under constant elasticity demand. We also found that the BA’s optimal reservation price increases with bargainers’ power no matter under what kind of demand. Through analyzing the participants’ revenues, we showed that a dynamic SD population with a high ratio of price takers would benefit the SP and the BA.

  3. Pay less, consume more? The price elasticity of home care for the disabled elderly in France.

    Science.gov (United States)

    Roquebert, Quitterie; Tenand, Marianne

    2017-09-01

    Little is known about the price sensitivity of demand for home care of the disabled elderly. We partially fill this knowledge gap by using administrative data on the beneficiaries of the main French home care subsidy program in a department and exploiting interindividual variation in provider prices. We address the potential endogeneity of prices by taking advantage of the unequal spatial coverage of providers and instrumenting price by the number of municipalities served by a provider. We estimate a price elasticity of around -0.4 that is significantly different from both 0 and -1. This less than proportionate response of consumption to price has implications for the efficiency and redistributive impact of variation in the level of copayments in home care subsidy schemes. Copyright © 2017 John Wiley & Sons, Ltd.

  4. Price Competition with Reduced Consumer Switching Costs: The Case of "Wireless Number Portability" in the Cellular Phone Industry

    OpenAIRE

    Mengze Shi; Jeongwen Chiang; Byong-Duk Rhee

    2006-01-01

    Wireless number portability (WNP) is a telecommunication regulatory policy that requires cellular phone service providers to allow customers who switch service subscriptions to retain their original phone numbers. The right to retain the number lowers the switching cost for a consumer. Thus, the purpose of the policy is to induce more competition and facilitate the growth of new or small service providers. In this paper, we show that WNP drives market price downward as expected but with a sur...

  5. The Efects of Corporate Social Responsibility Initiatives and Price Premiums on Polish Consumers' Responses: An Experimental Study

    Directory of Open Access Journals (Sweden)

    Wójcik Piotr

    2014-10-01

    Full Text Available This article explores whether, how and which forms of corporate social responsibility (CSR initiatives influence consumer perceptions of the value of and intention to buy responsibly manufactured yogurt, and identifies the impact of the price rise effect on consumer responses. An experimental study was conducted using scenarios with a sample of 421 university students. The results indicate that information about positive corporate behavior evokes higher perceived value and buying intention than information about negative corporate behavior; that responses differ significantly depending on whether or not the CSR initiative relates to the firm's core business; and that there is a level of consumer sensitivity to the price premium for a responsibly made yogurt. This study expands existing knowledge beyond previous areas of focus by demonstrating that a CSR initiative related to a firm's core business generates higher perceived value and buying intention than a non-related initiative, and by showing that there exists a trade-of between functional and social attributes. The findings of this study may be of interest to companies by showing the level of premium price acceptance and by demonstrating that CSR initiatives detached from basic business activity may bring negative consequences in terms of sales volume.

  6. Consumer influence on retail prices of rice in Imo state of Nigeria ...

    African Journals Online (AJOL)

    A multi stage sampling technique was used in the selection of 90 retailers and 81 ... However, consumers indicating a weak level of consumers bargaining power ... of rice revealed that quantity demanded (Qty) has negative relationship with ... of consumers bargaining power helps consumers‟ understanding of marketing ...

  7. For Fear of Economic Slowdown,Western Regions Try to Rescue High Energy-consuming Industries like Metals with Preferential Electricity Prices

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>Shaanxi,Ningxia and some other provinces in the west have adopted preferential electricity price policy for high energy-consuming enterprises or industries,while Gansu and Qinghai are discussing whether to loosen the policy.

  8. Price Discrimination and Consumer Surplus. Applications of Calculus to Economics Modules and Monographs in Undergraduate Mathematics and Its Applications Project. UMAP Unit 294.

    Science.gov (United States)

    Nevison, Christopher H.

    This unit considers the application of calculus in determining price discrimination and consumer surplus in a competitive market. Producer surplus and two-tier price discrimination are also developed in problems. It is noted that calculus cannot usually provide numerical answers for practical economic problems. The importance of calculus…

  9. 18 CFR Appendix A 1 to Part 281 - Comparison of Selected Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976...

    Science.gov (United States)

    2010-04-01

    ... Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976-January 1980 A Appendix A 1 to... Selected Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976—January 1980 1 As reported in DOE/EIA Energy Data Report entitled Cost and Quality of Fuels for Electric Utility Plants...

  10. Consumer Behavior towards Scheduling and Pricing of Electric Cars Recharging: Theoretical and Experimental Analysis

    DEFF Research Database (Denmark)

    Fetene, Gebeyehu Manie

    electric cars. The last chapter deals with analysis of energy consumption rate and its determinants of electric cars under the hands of customers. A variety of techniques are used including analysis of field data, economics laboratory experiments and theoretical modeling with simulation. Chapter one...... and Pricing of Electric Vehicle Recharging’, proposes, and tests at laboratory, contracts about recharging BEVs combining the ultimatum game framework and the myopic loss aversion (MLA) behavioral hypothesis. The model represents the behavior of EV-owners trading-off between the amount of the discount on fee...... price as long-term contracts may curtail MLA behavior and help BEV owners to choose cost minimizing recharging time and, simultaneously, may help to reduce BEVs impact on the electricity grid system. The fourth chapter, ‘Using the Peer Effect in Scheduling and Pricing Electric Vehicles Recharging...

  11. The impact of forecasted energy price increases on low-income consumers

    Energy Technology Data Exchange (ETDEWEB)

    Eisenberg, Joel F. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

    2005-10-31

    The Department of Energy’s Energy Information Administration (EIA) recently released its short term forecast for residential energy prices for the winter of 2005-2006. The forecast indicates significant increases in fuel costs, particularly for natural gas, propane, and home heating oil, for the year ahead. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation’s low-income households by primary heating fuel type, nationally and by Census Region. The statistics are intended for the use of policymakers in the Department of Energy’s Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2006 fiscal year.

  12. Consumer perception and preference for suboptimal food under the emerging practice of expiration date based pricing in supermarkets

    DEFF Research Database (Denmark)

    Aschemann-Witzel, Jessica

    2017-01-01

    , individual preferences, and product-related factors. An online survey experiment among 842 Danish consumers realistically mimicked the current market context. Findings reveal that neither communicating budget saving or food waste avoidance nor the product being organic has an influence. However......, there is a gender effect when the practice is communicated as a food waste avoidance action. Consumer’s familiarity with the practice has a significant influence, as has the individual giving importance to the price criterion, age, and education. Food category differences are explored, showing that familiarity...

  13. The effect of state renewable portfolio standards on consumer participation in green pricing programs

    Science.gov (United States)

    Maltese, James L.

    In the last several years, two mechanisms for increasing the supply of renewable electricity have become increasingly popular: renewable portfolio standards, a state policy of mandating increased production of green power; and green pricing programs, which allow customers to purchase green power through their utilities. These mechanisms have been effective in increasing the adoption of renewable energy; however, it is unclear whether they interact in a way that is mutually beneficial or counterproductive. It is important to understand the effect of renewable portfolio standards on the voluntary market for green energy, especially as Congress considers a nationwide portfolio standard. The effectiveness of a renewable portfolio standard may be undercut if it leads customers to purchase less green power. This study analyzes the relationship between the passage and implementation of a renewable portfolio standard and two measures of enrollment in utility green pricing programs. Using eight years of data for all fifty states, the study utilizes multiple regression analysis with fixed-effects estimation. The results indicate that the passage of a renewable portfolio standard has a positive and statistically significant effect on green pricing enrollment within the state. At the same time, the rate at which states increase the stringency of the renewable portfolio standard is found to have no effect on enrollment. Although further study is needed to determine if additional factors are responsible for the observed increase in green pricing enrollment, this study provides evidence that such programs do not harm, and may in fact encourage, voluntary purchases of green power.

  14. Switching health insurers: the role of price, quality and consumer information search

    NARCIS (Netherlands)

    L.H.H.M. Boonen (Lieke); T. Laske-Aldershof (Trea); F.T. Schut (Erik)

    2015-01-01

    markdownabstract__Abstract__ We examine the impact of price, service quality and information search on people’s propensity to switch health insurers in the competitive Dutch health insurance market. Using panel data from annual household surveys and data on health insurers’ premiums

  15. Switching health insurers: the role of price, quality and consumer information search

    NARCIS (Netherlands)

    L.H.H.M. Boonen (Lieke); T. Laske-Aldershof (Trea); F.T. Schut (Erik)

    2015-01-01

    markdownabstract__Abstract__ We examine the impact of price, service quality and information search on people’s propensity to switch health insurers in the competitive Dutch health insurance market. Using panel data from annual household surveys and data on health insurers’ premiums and quality rat

  16. Estimating consumer willingness to pay a price premium for Alaska secondary wood products.

    Science.gov (United States)

    Geoffrey H. Donovan; David L. Nicholls

    2003-01-01

    Dichotomous choice contingent valuation survey techniques were used to estimate mean willingness to pay (WTP) a price premium for made-in-Alaska secondary wood products. Respondents were asked to compare two superficially identical end tables, one made in China and one made in Alaska. The surveys were administered at home shows in Anchorage, Fairbanks, and Sitka in...

  17. Switching health insurers: the role of price, quality and consumer information search.

    Science.gov (United States)

    Boonen, Lieke H H M; Laske-Aldershof, Trea; Schut, Frederik T

    2016-04-01

    We examine the impact of price, service quality and information search on people's propensity to switch health insurers in the competitive Dutch health insurance market. Using panel data from annual household surveys and data on health insurers' premiums and quality ratings over the period 2006-2012, we estimate a random effects logit model of people's switching decisions. We find that switching propensities depend on health plan price and quality, and on people's age, health, education and having supplementary or group insurance. Young people (18-35 years) are more sensitive to price, whereas older people are more sensitive to quality. Searching for health plan information has a much stronger impact on peoples' sensitivity to price than to service quality. In addition, searching for health plan information has a stronger impact on the switching propensity of higher than lower educated people, suggesting that higher educated people make better use of available health plan information. Finally, having supplementary insurance significantly reduces older people's switching propensity.

  18. Product Variety, Consumer Preferences, and Web Technology: Can the Web of Data Reduce Price Competition and Increase Customer Satisfaction?

    Science.gov (United States)

    Hepp, Martin

    E-Commerce on the basis of current Web technology has created fierce competition with a strong focus on price. Despite a huge variety of offerings and diversity in the individual preferences of consumers, current Web search fosters a very early reduction of the search space to just a few commodity makes and models. As soon as this reduction has taken place, search is reduced to flat price comparison. This is unfortunate for the manufacturers and vendors, because their individual value proposition for a particular customer may get lost in the course of communication over the Web, and it is unfortunate for the customer, because he/she may not get the most utility for the money based on her/his preference function. A key limitation is that consumers cannot search using a consolidated view on all alternative offers across the Web. In this talk, I will (1) analyze the technical effects of products and services search on the Web that cause this mismatch between supply and demand, (2) evaluate how the GoodRelations vocabulary and the current Web of Data movement can improve the situation, (3) give a brief hands-on demonstration, and (4) sketch business models for the various market participants.

  19. Does EU's energy dependence on Russia increase price volatility for consumers?

    Science.gov (United States)

    Yekeler, Zeynep

    Europe's dependence on natural gas imports from Russia has raised questions about energy risk and the vulnerability of the European countries, especially after the supply cuts in 2006, 2008, 2009, and 2012. The implementation of the Third Energy Package to finally unify European energy markets by linking the states located on the periphery to the well connected gas hubs in Northern Europe has been slow due to a lack of political will across Europe. This has enabled Russian Gazprom to retain its position as a major player in European markets and hinder any European effort to diversify the energy portfolio of the region. Using residential natural gas and electricity price data from 2000 through 2014, this paper analyzes the impact of EU's import reliance on natural gas from Russia and the supply disruptions on the volatility of natural gas and electricity prices through a fixed effects regression model. Results indicate that while the size of Russian natural gas imports does not significantly affect natural gas and electricity price volatility in EU countries, security supply measures such as natural gas stocks matter, especially for Southeast European countries that consistently pay more according to the results. The paper concludes by discussing the importance of formulating policies that not only aim to reduce overall EU dependence but minimize Southeastern Europe's vulnerabilities. Policy suggestions include increasing cross-border interconnectors and storage capacity as well as increasing LNG import capacity by building regasification terminals in periphery countries like Greece, Bulgaria, Romania and Slovenia.

  20. The Low Cost Airline Consumer Price Sensitivity. An Investigation on The Mediating Role of Promotion and Trust in Brand (P.199-211

    Directory of Open Access Journals (Sweden)

    Janfry Sihite

    2016-03-01

    Full Text Available The ASEAN Open Sky Policy is one of ASEAN policy to open the airs-pace between the ASEAN member countries. Aviation services based companies including the Low Cost airlines will experience tight com-petition among ASEAN airline companies. This research aim to explore the effect of price on customer loyalty through the mediating role of promotion and trust in brand. The original sample collected from 100 Indonesian low-cost airline Citilink consumer that just arrived in Soekarno-Hatta International Airport, the bootstrapped techniques conducted for 500 sub-samples and further analyzed with structural equation modelling partial least square. The research findings support the low cost airline consumer price sensitivity, furthermore price affect the trust in brand more severe compared with the promotion. Price effect fully mediated through the trust in brand and promotion toward the consumer loyalty. Further research should consider the sensitivity of price to elaborate the decision making process for the low cost air-line consumer.Keywords: Price Sensitivity, Promotion, Trust in Brand, Low Cost Airline, Loyalty

  1. 消费者异质下基于质量-价格竞争的定价策略选择%Consumer Heterogeneity and Pricing Strategies:A Quality-Price Competition Model

    Institute of Scientific and Technical Information of China (English)

    孙晓东; 田澎; 赵藜

    2013-01-01

    在质量敏感市场上,消费者往往基于质量和价格作出购买决策.分析了市场上同时存在质量敏感型消费者和价格敏感型消费者时双寡头企业的质量与价格竞争,讨论了消费者异质性对企业质量和定价策略选择的影响,其中,消费者异质性表现为对价格和质量的敏感程度.基于经典Hotelling模型构造消费者的效用函数,并由此获得企业的需求和利润函数;分析了企业对消费者实施统一定价和差别定价策略时的质量和价格竞争.结果表明:在同一的竞争策略下,企业遵循“最小差异化原则”.在差别定价策略下,企业提供的产品质量高于统一定价时的质量;企业为价格敏感型消费者设置较低的价格,而为质量敏感型消费者设置较高的价格.研究表明,消费者的转换成本较高时企业应该实行差别定价,消费者的转换成本较低时应采用统一定价.此外,讨论了市场上消费者的组成结构对企业均衡价格和均衡质量的影响.%We consider duopoly quality-price competition in a market with two types of consumers:pricesensitive consumers and quality-sensitive consumers.The characteristics of consumers are reflected by both the price sensitivity and the quality sensitivity.We first establish the utility function for each type of consumers and derive the demand function for every firm based on Hotelling model.Then,we analyze the duopoly quality-price competition under two pricing strategies:uniform pricing sand discriminatory pricing.The results show that under price discrimination the quality is higher than that under the uniform pricing strategy; firms set lower prices for price-sensitive consumers and higher price for quality-sensitive consumers.By comparisons,we conclude that the firms may carry out discriminatory pricing when consumer's transportation cost is high,and adopt uniform pricing when consumer's transportation cost is low.Additionally,the proportion of

  2. Information or prices, which is most powerful in increasing consumer demand for organic vegetables?

    DEFF Research Database (Denmark)

    Smed, Sinne; Andersen, Laura Mørch

    2012-01-01

    that link health and the consumption of organic vegetables will increase consumption. The results are important for firms and producers who want to successfully target information to different consumer groups with the aim of increasing the market share for organic food.......Based on a unique and very detailed panel dataset covering consumption of organically and conventionally produced vegetables in the years 2005 - 2007, we examine the effects of information about positive health effects of consuming organic vegetables and information about negative health effects...

  3. Evolução dos preços históricos da bovinocultura de corte do Rio Grande do Sul: tendência e comportamento dos preços em nível de produtor e consumidor Evolution of historic prices of beef cattle production in Rio Grande do Sul: tendency and behavior of prices to farmers and consumers

    Directory of Open Access Journals (Sweden)

    João Garibaldi Almeida Viana

    2009-08-01

    Full Text Available Objetivou-se analisar o comportamento histórico dos preços pagos ao produtor de bovinos de corte e os preços pagos pelos consumidores por diferentes cortes de carne bovina no Rio Grande do Sul, nas últimas décadas. O estudo foi realizado com base em duas séries históricas de preços nominais mensais, a de preços pagos ao produtor, obtida junto à EMATER/RS e a de preços pagos pelo consumidor final, por meio dos valores pagos na comercialização dos cortes alcatra, coxão de dentro, coxão de fora, patinho, chuleta, filé mignon, costela e paleta, obtidos junto ao IEPE/UFRGS. Os preços nominais foram deflacionados para dezembro de 2006 pelo IGP-DI/FGV. Calcularam-se também os Índices de Preço ao consumidor e ao produtor. Para a análise de tendência dos preços reais pagos ao produtor, foram ajustadas retas de regressão sobre os preços reais para os períodos de 1977-1994 e 1995-2006, utilizando-se o método dos mínimos quadrados. Os preços pagos por quilograma de peso vivo do boi gordo no Rio Grande do Sul apresentaram tendência declinante significativa de 1977 a 1994, obtendo maior estabilidade de 1995 a 2006, sem tendência significativa de queda no período. Os preços pagos pelo consumidor não apresentaram o mesmo comportamento de queda dos preços pagos ao produtor, obtendo menor desvalorização no período analisado. Dentre os cortes analisados, os preços da costela e do filé mignon apresentaram comportamento distinto dos demais, verificando-se elevação de preços principalmente durante a década de 1990.This work analyzes the historical behaviour of prices paid to beef cattle producers and prices paid by consumers for different beef cuts in the state of Rio Grande do Sul in the last decades. This study was based on two historical series of nominal monthly prices: prices paid to the producer, obtained from EMATER/RS and prices paid by the consumer, through commercialization prices of heart of hump, flat, topside

  4. The Effect of Consumer Expectation Index, Economic Condition Index and Crude Oil Price on Indonesian Government Bond Yield

    Directory of Open Access Journals (Sweden)

    Benny Budiawan Tjandrasa

    2017-06-01

    Full Text Available Governments sell bonds to finance their budget. The investors willing to buy government bonds because of the yield they will get, but on the other hand if government bond yields is  too high it would burden the state in paying the interest due. Various studies have been done to find the variables that affect government bond yield significantly, such as exchange rate, inflation rate, interest rate, and oil price. This study found two more variables namely consumer expectations index and the economic conditions index to complement the variables that have been discovered. Those two variables are used as a proxy of economic stability of a country, the increase of those variables represent the increase of economic stability and will reduce the level of risk and lowering the yield that investors demand. This research use descriptive method and explanatory study with secondary data using multivariate regression equation model. The results shown consumer expectation index and economic condition index have significant effect on Indonesian Government Bond yield. To keep consumer expectation index and economic condition index increase government should give a positive signal and a sense of security to investor.

  5. Preferences of Bulgarian consumers for quality, access and price attributes of healthcare services-result of a discrete choice experiment.

    Science.gov (United States)

    van de Schoot, Thijs; Pavlova, Milena; Atanasova, Elka; Groot, Wim

    2017-01-01

    The aim of the study is to determine the preferences of Bulgarian citizens regarding the provision of healthcare services. A survey was carried out in Bulgaria among a nationally representative sample of 1003 respondents. Both a discrete choice experiment and a self-explicated ranking of outpatient and inpatient service attributes were included in the survey. The data are analyzed to elicit the preferences of Bulgarian healthcare consumers for service attributes and to compare them with previous studies in Bulgaria and other countries in Central and Eastern Europe. The reputation and skills of the care provider appear to be relatively most important to the respondents, followed by the state of the equipment, the condition of the facility and the attitude of the staff. The fee-level and access-related attributes (waiting and traveling time) emerged as less important. Overall, consumers in Bulgaria value the quality of healthcare provision very highly. Yet, there are some statistically significant differences between socio-demographic groups. In general, Bulgarian healthcare consumers are willing to accept higher prices for the services they use, when this comes with improved quality of services. These findings comply with findings in previous studies in Bulgaria and in the region. Given the quality problems in the Bulgarian healthcare sector, our findings indicate that priority has to be given to the improvement of healthcare quality when the Bulgarian government invests in this sector. Copyright © 2015 John Wiley & Sons, Ltd. Copyright © 2015 John Wiley & Sons, Ltd.

  6. RESEARCH OF DEMAND FOR NATURAL GAS AMONG INDUSTRIAL CONSUMERS OF THE EASTERN SIBERIA AND THE FAR EAST WITH TACKING INTO ACCOUNT ITS PRICE

    Directory of Open Access Journals (Sweden)

    Denis A. Khilov

    2013-01-01

    Full Text Available The article focuses on research of demand for gas among consumers of the East of Russia. The existing methods based on an assessment of price elasticity of demand in east regions of the country are presented. The approach to assessment of demand for gas is offered from the medium-sized and small enterprises with use of expert estimates of sensitivity of demand to various levels of the price.

  7. Consumer preferences for organic food: behavior building-up, importance of pricing, information and sensory issues

    OpenAIRE

    Avitia Rodríguez, Jessica Alejandra

    2012-01-01

    The aim of this thesis is to investigate Spanish consumers purchase motivations and behavior towards organic food by means of determining the key factors that take part on building their behavior. An important contribution of this work consists on providing more evidence on consumers’ underlying motivations to buy organic food for the particular case of Spain and to test the role of sensory “experience” in defining individual new WTP for a post purchasing situation. This thesis investigate...

  8. Consumer Variety-seeking Behavior and Corporate Pricing Competition%消费者寻求多样化与企业定价竞争

    Institute of Scientific and Technical Information of China (English)

    蒋传海; 唐丁祥; 杨渭文

    2012-01-01

    Consumer variety-seeking behavior has the important effect on the price competition among oligopolistic firms and economic efficiency. This paper indicates that, by taking consumer variety-seeking behavior into account, firms give price concessions for loyal consumers and charge new consumers high prices. Consumer variety-seeking behavior weakens corporate price competition in two periods, leading to tacit collusion. The analysis of economic efficiency on the basis of uniform pricing in two periods shows that discriminatory pricing mechanism improves the competition among firms and results in the increase in consumer surplus and the reduction in corporate profits.%消费者寻求多样化的购买行为会对寡头企业之间的价格竞争和经济效率产生重要影响。文章研究发现,针对消费者寻求多样化的购买行为,企业会对忠诚的消费者给予价格优惠,而对新顾客索取高价;消费者寻求多样化购买行为弱化了企业两期价格竞争,导致“默契合谋”;而以两期统一定价为基准的经济效率分析显示,歧视定价机制促进了企业间竞争,导致消费者剩余增加,企业利润减少。

  9. The downs and ups of the consumer price index in Argentina: From National Statistics to Big Data

    Directory of Open Access Journals (Sweden)

    Celia Lury

    2014-07-01

    Full Text Available On the 5th of February 2007, the Institute of National Statistics and Census in Argentina (INDEC released a press statement, giving a percentage figure for that month’s Consumer Price Index (CPI-GBA. Since the announcement, this number and its subsequent variations have been at the centre of a national and international political, legal and technical controversy. The legitimacy of the numerical value of the percentage has been called into question by a range of actors and has been challenged by the emergence of multiple alternative indicators of inflation. We explore this methodological controversy through the lens of statactivism. We do not describe the controversy in its entirety, but, rather, enter the controversy to develop a comparison of the procedures informing the production of the CPI as a national statistic with those informing its production as a big data number. In both cases, we explore the way in which price is produced as an indicator. In doing so we draw attention to the significance of calculative infrastructures as ubiquitous, multi-layered processes of connectivity, that have the capacity to make surfaces, to draw lines and boundaries, and to enable particular economic and political activities to unfold in multiple and specific ways. We argue that the capacity to connect, to attach and detach, that is immanent to such infrastructures configures price as an indicator in particular ways, and in doing so help make what we call state space, a term which we use to draw attention to how specific configurations of connectivity in the calculative infrastructure enacts a space of possibility for statactivism

  10. RICE PRICE VOLATILITY IN EAST JAVA

    Directory of Open Access Journals (Sweden)

    Wati R.Y.E.

    2017-09-01

    Full Text Available The purpose of the research is analyzing the volatility and volatility spillover of monthly price of paddy at the level of farmers and consumers in 2010-2016. ARCH/GARCH used to analyze volatility and GARCH BEKK-model is used to analyze the volatility spillover. The results of the analysis show that price volatility at the farmer level is very high (extremely high volatility, price volatility at the consumer level is low (low volatility, and volatility spillover does not occur between the farmers and the consumers market. The need to guarantee an effective floor price as well as information disclosure related to the market commodity prices so that the pattern of prices transmission among interrelated markets can be symmetrical.

  11. Do consumers of manufactured cigarettes respond differently to price changes compared with their Roll-Your-Own counterparts? Evidence from New Zealand.

    Science.gov (United States)

    Tait, Peter; Rutherford, Paul; Saunders, Caroline

    2015-05-01

    Price-based mechanisms are an important tobacco cessation policy tool in New Zealand (NZ) and so measurement of smokers' reaction to price changes is crucial in determining efficacy of this approach. Although approximately two-thirds of NZ tobacco demand is for manufactured cigarettes (MC) and one-third is for Roll-Your-Own (RYO) tobacco, previous price elasticity estimates have ignored differences between RYO tobacco and MC consumers. We employ a seemingly unrelated regression econometric approach applied to quarterly data over the period 1991-2011 to estimate price elasticities of demand separately for MC and RYO tobacco. Estimate of price elasticity of demand for MC is -1.033, and -0.441 for RYO tobacco. RYO tobacco is an inferior good; a 1% increase in average weekly income is associated with a 0.8% reduction in demand. RYO tobacco is a substitute for MC; a 1% increase in the price of MC is associated with a 0.867% increase in demand for RYO tobacco. There is significantly different price responsiveness across the two tobacco product types. MC smokers react far more strongly to price increases compared with RYO tobacco smokers. These findings suggest that pricing mechanisms may be more effective for reducing MC demand than for RYO tobacco. However, substitution between products means that this pricing effect is muted by the uptake of RYO tobacco use. Cessation policy specific to RYO use should be designed to target this growing group. 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.

  12. A relação entre o preço pago pelo consumidor de carne bovina em Santa Maria e o recebido pelo produtor de gado de corte no Rio Grande do Sul, Brasil Relationship between price paid by consumers in Santa Maria and prices paid to beef cattle farmers in Rio Grande do Sul, Brazil

    Directory of Open Access Journals (Sweden)

    João Garibaldi Almeida Viana

    2007-08-01

    Full Text Available Este estudo analisa em que medida os preços pagos pelos consumidores de carne bovina - ponto final da cadeia - são repassados ao produtor. Os preços dos diferentes cortes de carne foram coletados através de pesquisa mensal de preços, em quatro supermercados de Santa Maria, RS, Brasil. Depois de obtidos os valores percentuais dos diferentes cortes na composição da carcaça, estes valores foram multiplicados pelo preço pago pelo consumidor, obtendo-se assim os preços e as proporções dos cortes referentes ao valor ajustado de um quilo de carcaça pago pelo consumidor. Para a obtenção do preço médio do kg do boi vivo recebido pelos produtores, foram considerados os preços coletados pela EMATER-RS. Verificou-se uma baixa variação ao longo do ano das partes componentes da carcaça, na contribuição do preço total. Na média, o dianteiro contribui com 26,10%, o costilhar com 13,40% e o traseiro com 60,50% do preço total da carcaça. O setor a jusante na cadeia bovina tem função reguladora do preço final ao consumidor, com uma margem de operação de 7,61 pontos ao longo do ano. Nos três quadrimestres ao longo do ano, a associação entre o preço recebido pelo produtor (PRP e o pago pelo consumidor (PPC teve um comportamento diferenciado. As associações verificadas foram fraca, negativamente forte e positivamente muito forte para o primeiro, segundo e terceiro quadrimestres, respectivamente.This study analyses how much of prices paid by the consumers of beef meat are passed on to the farmer. The prices of different types of beef cuts were collected monthly in four supermarkets in Santa Maria-RS, Brazil. The percentage values of different cuts were obtained and multiplied by the price paid by consumers. Thus, it was calculated the adjusted price of kilogram of carcass commercialized at supermarket. The average price per kilogram of live steers received by the farmer was collected by EMATER-RS. There was a low price variation

  13. Price learning during grocery shopping

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    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....

  14. Electricity consumers under the state and the private sector: comparing the price performance of the French and UK electricity industries 1990-2000

    Energy Technology Data Exchange (ETDEWEB)

    Percebois, Jacques [Univ. de Montpellier 1, CREDEN, Montpelier, 34 (France); Wright, Philip [Sheffield Univ., Management School, Sheffield (United Kingdom)

    2001-12-01

    Particularly because a preoccupation with process has tended to dominate the debate about electricity privatisation and liberalisation, this paper focuses on price outcomes by comparing the relative price performance of the French and UK electricity industries between 1990 and 2000. The main conclusion is that in 1990 the state-owned French electricity industry was performing better for most consumers than the state-owned UK industry, and a decade later it was still doing so with respect to the privately-owned UK industry. While this conclusion could be qualified by saying that, heavily prompted or assisted by the Regulator, the UK privately-owned industry has shown itself capable of achieving faster reductions in prices to close the gap between itself and the French, this achievement has been concentrated in the industrial market and even there the very significant gains were mainly restricted to the very largest consumers. In the context of the European Union the UK is shown to have performed relatively poorly for the smallest domestic consumers and, while both countries did much better in the rankings of industrial prices, they were still a long way behind the top performers. (Author)

  15. Price transmission in the Spanish bovine sector: the BSE effect

    OpenAIRE

    2010-01-01

    A regime-switching vector error correction model is applied to monthly price data to assess the impact of BSE outbreaks on price relationships and patterns of transmission among farm and retail markets for bovine in Spain. To evaluate the degree to which price transmission is affected by BSE food scares, a BSE food scare index is developed and used to determine regime-switching. Results suggest that BSE scares affect beef producers and retailers differently. Consumer prices are found to be we...

  16. Quit and Smoking Reduction Rates in Vape Shop Consumers: A Prospective 12-Month Survey

    Directory of Open Access Journals (Sweden)

    Riccardo Polosa

    2015-03-01

    Full Text Available Aims: Here, we present results from a prospective pilot study that was aimed at surveying changes in daily cigarette consumption in smokers making their first purchase at vape shops. Modifications in products purchase were also noted. Design: Participants were instructed how to charge, fill, activate and use their e-cigarettes (e-cigs. Participants were encouraged to use these products in the anticipation of reducing the number of cig/day smoked. Settings: Staff from LIAF contacted 10 vape shops in the province of the city of Catania (Italy that acted as sponsors to the 2013 No Tobacco Day. Participants: 71 adult smokers (≥18 years old making their first purchase at local participating vape shops were asked by professional retail staff to complete a form. Measurements: Their cigarette consumption was followed-up prospectively at 6 and 12 months. Details of products purchase (i.e., e-cigs hardware, e-liquid nicotine strengths and flavours were also noted. Findings: Retention rate was elevated, with 69% of participants attending their final follow-up visit. At 12 month, 40.8% subjects could be classified as quitters, 25.4% as reducers and 33.8% as failures. Switching from standard refillables (initial choice to more advanced devices (MODs was observed in this study (from 8.5% at baseline to 18.4% at 12 month as well as a trend in decreasing thee-liquid nicotine strength, with more participants adopting low nicotine strength (from 49.3% at baseline to 57.1% at 12 month. Conclusions: We have found that smokers purchasing e-cigarettes from vape shops with professional advice and support can achieve high success rates.

  17. Consumers and their buying decision making based on price and information about corporate social responsibility (CSR. Case study: undergraduate students from a private university in mexico

    Directory of Open Access Journals (Sweden)

    Florina Guadalupe Arredondo Trapero

    2010-10-01

    Full Text Available The articles objective is to demonstrate that a socially responsible consumer is interested of being informed about Corporate Social Responsibility (CSR practices and is also willing to pay a higher price for a product made with CSR. Criteria of price as well as the interest of being informed about CSR practices were the two variables analyzed for the Chi-Square test. Even though CSR was declared as an important issue for the majority of participants, products made with CSR hasn’t achieved much influence in the buying decision making or in the need of being informed about the CSR practices. The need to create social consciousness for consumers to promote CSR practices through the buying decision making was also demonstrated.

  18. An exploratory analysis of cigarette price premium, market share and consumer loyalty in relation to continued consumption versus cessation in a national US panel.

    Science.gov (United States)

    Lewis, Michael; Wang, Yanwen; Cahn, Zachary; Berg, Carla J

    2015-11-03

    Brand equity and consumer loyalty play a role in continued purchasing behaviour; however, this research has largely focused on non-addictive products without counter-marketing tactics. We examined the impact of brand equity (price premium, market share) and consumer loyalty (switching rates) on smoking cessation (discontinued cigarette purchases for 1 year) among smokers in a consumer panel. In Spring 2015, we analysed 1077 cigarette-purchasing households in the Nielsen Homescan Panel. We analysed cessation in relation to brand equity, consumer loyalty, other purchasing behaviours (nicotine intake, frequency), sociodemographics and tobacco control activities (per state-specific data) over a 6-year period (2004-2009) using Cox proportional hazard modelling. The sample was 13.28% African-American; the average income was $52,334 (SD=31,445). The average price premium and market share of smokers' dominant brands were $1.31 (SD=0.49) and 15.41% (SD=19.15), respectively. The mean brand loyalty level was 0.90 (SD=0.17), indicating high loyalty. In our final model, a higher price premium and market share were associated with lower quit rates (p=0.039); however, an interaction effect suggested that greater market share was not associated with lower cessation rates for African-American smokers (p=0.006). Consumer loyalty was not associated with cessation. Other predictors of lower quit rates included a higher nicotine intake (p=0.006) and baseline purchase frequency (pconsumer relationships. Thus, continued efforts should aim to regulate tobacco marketing efforts in order to disrupt these relationships to promote cessation. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://www.bmj.com/company/products-services/rights-and-licensing/

  19. An exploratory analysis of cigarette price premium, market share and consumer loyalty in relation to continued consumption versus cessation in a national US panel

    Science.gov (United States)

    Lewis, Michael; Wang, Yanwen; Cahn, Zachary; Berg, Carla J

    2015-01-01

    Introduction Brand equity and consumer loyalty play a role in continued purchasing behaviour; however, this research has largely focused on non-addictive products without counter-marketing tactics. We examined the impact of brand equity (price premium, market share) and consumer loyalty (switching rates) on smoking cessation (discontinued cigarette purchases for 1 year) among smokers in a consumer panel. Methods In Spring 2015, we analysed 1077 cigarette-purchasing households in the Nielsen Homescan Panel. We analysed cessation in relation to brand equity, consumer loyalty, other purchasing behaviours (nicotine intake, frequency), sociodemographics and tobacco control activities (per state-specific data) over a 6-year period (2004–2009) using Cox proportional hazard modelling. Results The sample was 13.28% African-American; the average income was $52 334 (SD=31 445). The average price premium and market share of smokers’ dominant brands were $1.31 (SD=0.49) and 15.41% (SD=19.15), respectively. The mean brand loyalty level was 0.90 (SD=0.17), indicating high loyalty. In our final model, a higher price premium and market share were associated with lower quit rates (p=0.039); however, an interaction effect suggested that greater market share was not associated with lower cessation rates for African-American smokers (p=0.006). Consumer loyalty was not associated with cessation. Other predictors of lower quit rates included a higher nicotine intake (p=0.006) and baseline purchase frequency (pmarketing efforts in order to disrupt these relationships to promote cessation. PMID:26534732

  20. The Pricing of Payments

    OpenAIRE

    Krueger, Malte

    2009-01-01

    The pricing of payments has received increasing attention of regulators. In many cases, regulators are concerned that consumers do not face cost based prices. They argue that without cost based prices consumers will make inefficient choices. In this paper, it is argued that both, economics of scale and the particular laws governing pricing in two-sided markets provide a case against cost based pricing.

  1. 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

  2. Short and Long-Term Perspectives: The Impact on Low-Income Consumers of Forecasted Energy Price Increases in 2008 and A Cap & Trade Carbon Policy in 2030

    Energy Technology Data Exchange (ETDEWEB)

    Eisenberg, Joel Fred [ORNL

    2008-01-01

    The Department of Energy's Energy Information Administration (EIA) recently released its short-term forecast for residential energy prices for the winter of 2007-2008. The forecast indicates increases in costs for low-income consumers in the year ahead, particularly for those using fuel oil to heat their homes. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation's low-income households by primary heating fuel type, nationally and by Census Region. The report provides an update of bill estimates provided in a previous study, "The Impact Of Forecasted Energy Price Increases On Low-Income Consumers" (Eisenberg, 2005). The statistics are intended for use by policymakers in the Department of Energy's Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2008 fiscal year. In addition to providing expenditure forecasts for the year immediately ahead, this analysis uses a similar methodology to give policy makers some insight into one of the major policy debates that will impact low-income energy expenditures well into the middle decades of this century and beyond. There is now considerable discussion of employing a cap-and-trade mechanism to first limit and then reduce U.S. emissions of carbon into the atmosphere in order to combat the long-range threat of human-induced climate change. The Energy Information Administration has provided an analysis of projected energy prices in the years 2020 and 2030 for one such cap-and-trade carbon reduction proposal that, when integrated with the RECS 2001 database, provides estimates of how low-income households will be impacted over the long term by such a carbon reduction policy.

  3. Underlying Dynamics of Typical Fluctuations of an Emerging Market Price Index: The Heston Model from Minutes to Months

    CERN Document Server

    Vicente, R; Leite, V B P; Caticha, N; Vicente, Renato; Toledo, Charles M. de; Leite, Vitor B.P.; Caticha, Nestor

    2006-01-01

    We investigate the Heston model with stochastic volatility and exponential tails as a model for the typical price fluctuations of the Brazilian S\\~ao Paulo Stock Exchange Index (IBOVESPA). Raw prices are first corrected for inflation and a period spanning 15 years characterized by memoryless returns is chosen for the analysis. Model parameters are estimated by observing volatility scaling and correlation properties. We show that the Heston model with at least two time scales for the volatility mean reverting dynamics satisfactorily describes price fluctuations ranging from time scales larger than 20 minutes to 160 days. At time scales shorter than 20 minutes we observe autocorrelated returns and power law tails incompatible with the Heston model. Despite major regulatory changes, hyperinflation and currency crises experienced by the Brazilian market in the period studied, the general success of the description provided may be regarded as an evidence for a general underlying dynamics of price fluctuations at i...

  4. Customizing Prices in Online Markets

    OpenAIRE

    Reinartz, Werner

    2002-01-01

    Dynamic pricing is the dynamic adjustment of prices to consumers depending on the value these customers attribute to a good. Underlying the concept of dynamic pricing is what marketers call price customization. Price customization is the charging of different prices to end consumers based on a discriminatory variable. Internet technology will serve as a great enabling tool for making dynamic pricing accessible to many industries.

  5. 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....

  6. 基于分形理论的居民消费价格指数预测%The Consumer Price Index Prediction Based on Fractal Theory

    Institute of Scientific and Technical Information of China (English)

    刘清志; 邢梓

    2014-01-01

    With the rapid development of China’s economy,the price level has increased significantly,the normal life of the residents has been greatly affected. Based on the consumer price index(CPI),by using the related predict knowledge of the fractal theory,we analysed the trend of the consumer price index of China during 2000-2011,and concluded that the CPI index will continue to rise combined with the scatter plot. We also summarized the reasons for the increasing of CPI according to the result,and proposed measures from the aspects of policies and market in order to control the price level reasonably and to ensure the harmonization of the market operation.%随着我国经济的迅速发展,物价水平明显升高,居民的正常生活受到了很大影响。以居民消费价格指数(CPI)为研究对象,运用分形理论的相关预测知识,分析了我国2000-2011年的居民消费价格指数走势,结合散点图得出CPI指数还会持续上升的结论。在此基础上分析了CPI指数上升的原因,从政策和市场等方面提出相应措施以合理控制物价,确保市场运作的协调统一。

  7. Underlying dynamics of typical fluctuations of an emerging market price index: The Heston model from minutes to months

    Science.gov (United States)

    Vicente, Renato; de Toledo, Charles M.; Leite, Vitor B. P.; Caticha, Nestor

    2006-02-01

    We investigate the Heston model with stochastic volatility and exponential tails as a model for the typical price fluctuations of the Brazilian São Paulo Stock Exchange Index (IBOVESPA). Raw prices are first corrected for inflation and a period spanning 15 years characterized by memoryless returns is chosen for the analysis. Model parameters are estimated by observing volatility scaling and correlation properties. We show that the Heston model with at least two time scales for the volatility mean reverting dynamics satisfactorily describes price fluctuations ranging from time scales larger than 20 min to 160 days. At time scales shorter than 20 min we observe autocorrelated returns and power law tails incompatible with the Heston model. Despite major regulatory changes, hyperinflation and currency crises experienced by the Brazilian market in the period studied, the general success of the description provided may be regarded as an evidence for a general underlying dynamics of price fluctuations at intermediate mesoeconomic time scales well approximated by the Heston model. We also notice that the connection between the Heston model and Ehrenfest urn models could be exploited for bringing new insights into the microeconomic market mechanics.

  8. Price Setting Behaviour in the Czech Republic, Micro Data Evidence

    Directory of Open Access Journals (Sweden)

    Robert Murárik

    2011-06-01

    Full Text Available The aim of this analysis was to obtain information on the strategies of retailers of consumer goods andservices in terms of changes to final prices. From detailed data on many price changes in all the monitoredstores we have evaluated, for example, how often the prices of specific items change or rise or fall, and byhow much on average, how these indicators change during the year, whether downwards price rigidityexists and so on.The average price change frequency for all the selected items came to 0.26, which means that approximatelyone in every four prices was changed compared to the month before. A typical characteristic of theprices of regulated items was that these prices mainly rose and this usually by steps of higher percentagesand mostly at the start of the year. Food prices had a higher frequency of price changes, mainly in the caseof unprocessed foods, which is a consequence of the volatile development of the prices of agricultural commodities.The prices of tradables excluding food and fuels continuously fell for the whole of the monitoredperiod and only had a low price change frequency. The prices of non-regulated non-tradables continuouslyand smoothly rose and, with the exception of hypothetical rent and package holidays, this subgroupdemonstrated the lowest frequency of price changes. The prices of fuels changed most frequently while onaverage these price changes were the lowest in size, as they react relatively quickly to changes in the pricesof raw materials and the koruna exchange rate.

  9. Seasonal Adjustment of Residents Consumer Pricing Index and Short-term Forecasting%我国居民消费价格指数的季节调整及短期预测

    Institute of Scientific and Technical Information of China (English)

    王娜

    2013-01-01

    The monthly economic time series can be affected by seasonal factors, and the real trend of the time series may be confused. So it is important to identify, separate and adjust the seasonal factors of time series while using monthly residential consumer pricing index to do research. The paper applies X-12-ARIMA and TRAMO/SEATS methods to analyze the seasonal factors of residential consumer pricing index. Moreover, the paper attempts to solve the Chinese Spring Festival affects and forecasts the future trend using TRAMO/SEATS.%月度经济时间序列往往会受到季节因素影响,使得经济发展中的客观变化规律被遮盖或混淆。因此,使用居民消费价格指数月度数据进行物价波动趋势分析时,首先应该采用科学的方法对月度时间序列中的季节因素进行识别、分离和调整。本文使用X-12-ARIMA和TRAMO/SEATS两种基于ARIMA模型的季节调整方法,对我国2001-2012年的定基比价格指数进行了季节调整,并对今后短期内CPI的走势进行了预测。

  10. The importance of quality, access and price to health care consumers in Bulgaria: A self-explicated approach'

    NARCIS (Netherlands)

    Pavlova, M.; Groot, W.J.N.; van Merode, F.

    2003-01-01

    One approach to the problem of low patient satisfaction in Bulgaria is to identify attributes of health care services that the consumers value most and to focus on their improvement. Based on data from a household survey, this paper examines the importance that health care consumers attach to qualit

  11. The importance of quality, access and price to health care consumers in Bulgaria: A self-explicated approach'

    NARCIS (Netherlands)

    Pavlova, M.; Groot, W.J.N.; van Merode, F.

    2003-01-01

    One approach to the problem of low patient satisfaction in Bulgaria is to identify attributes of health care services that the consumers value most and to focus on their improvement. Based on data from a household survey, this paper examines the importance that health care consumers attach to

  12. The power of data--from data mining to consumer pricing and quality-of-care tools.

    Science.gov (United States)

    Malof, Leah C

    2013-01-01

    Transparency tools, whether offered by carriers or third-party administrators, rely on adequate experience, by market and by service, to provide information to consumers about health care costs and quality of care. The opportunities for savings to individual consumers and to employer-sponsored health plans are clearly significant and possible if people will use the tools and act. This article reviews two studies showing a shift in consumer claims experience to less costly services afte the implementation of a transparency tool and when combined with a consumer-driven health plan. It also outlines best practices employers can implement to carefully craft interventions to engage and create value in the minds of health care consumers.

  13. Manufacturer's Suggested Retail Prices

    NARCIS (Netherlands)

    Rosenkranz, S.

    2003-01-01

    Based on arguments of the `reference- dependent' theory of consumer choice we assume that a retailer's discount of a manufacturer's suggested retail price changes consumers' demand. We can show that the producer benefits from suggesting a retail price. If consumers are additionally sufficiently `los

  14. An Experimental Study of the Impact of Dynamic Electricity Pricing on Consumer Behavior: An Analysis for a Remote Island in Japan

    Directory of Open Access Journals (Sweden)

    Thoa Thi Kim Nguyen

    2016-12-01

    Full Text Available The aim of this research was to investigate how consumer behavior changes after application of dynamic electricity pricing and the persistence of those changes. Based on the investigation results, the authors also discuss the policy implications of demand management to shift consumption to days that have more solar radiation, while at the same time reducing overall consumption. The dynamic pricing experiment was implemented on Nushima Island, located in the center of Japan, with the participation of 50 households. The methodologies used in this study are panel analysis with random effects, and the difference in differences method. Several linear regression analyses are performed to predict hourly electricity usage from a number of explanatory variables, such as life-style factors, the frequency of access to the visualization website, control for weather factors (wind speed and temperatures, and other attributes of the households to predict the log of hourly electric energy consumption. The results show that dynamic pricing brought about 13.8% reduction of electric energy consumption in comparison with the pre-experiment period. Also, by applying a new experimental design approach, this study finds data supportive of habit formation by participants. Based on the findings, this research tries to develop a policy for sustainable energy conservation in remote islands.

  15. Embodied Product Perception: Effects of Verticality Cues in Advertising and Packaging Design on Consumer Impressions and Price Expectations

    NARCIS (Netherlands)

    van Rompay, Thomas Johannes Lucas; de Vries, Pieter Walter; Bontekoe, F.; Dijkstra, K.

    2012-01-01

    As consumers increasingly turn to luxury brands and associated benefits, brand managers face the question how to convey luxury perceptions via marketing communications such as packaging and advertising design. Inspired by theories addressing embodied cognition and symbolic meaning portrayal, this

  16. Consumer preferences towards beef cattle in Chile : Importance of country of origin, cut, packaging, brand and price

    OpenAIRE

    2014-01-01

    A study was carried out to evaluate preferences for two cuts, four countries of origin, two forms of presentation, brand and different prices of beef cattle among supermarket buyers in southern Chile, and to distinguish the existence of different market segments, through a survey of 800 people. Using a fractional factorial design for conjoint analysis, it was determined overall that the origin was more important (...

  17. Tariff Impact on the Domestic Price of Vegetable Oil in Iran and the Associated Issues

    Directory of Open Access Journals (Sweden)

    omid gilanpour

    2015-05-01

    Full Text Available This study uses vector error correction model to examine the effects of oilseeds, crude oil and vegetable oil tariffs on vegetable oil consumer price. Monthly data sets for the years 2004-2013 and VAR and VECM models were applied for this study. Research findings indicates only a long term equilibrium relation between the study variables .The effect of vegetable oil tariffs on consumer and producer price index are 0.4 and 0.07, respectively. Furthermore, one percent increase in the oil seeds and crude oil tariff, will increase consumer prices by 2.35, 0.19percent. The huge gap between the impacts of the two tariffs –e.g. oilseeds and crude oil tariffs- on consumer price shows that oil industries work with low efficiency. This practically doubles the impact of tariff on consumers. Accordingly, structural reform in the oil industry can develop oil production and prevent additional burden upon the consumer price.

  18. An annual quasidifference approach to water price elasticity

    Science.gov (United States)

    Bell, David R.; Griffin, Ronald C.

    2008-08-01

    The preferred price specification for retail water demand estimation has not been fully settled by prior literature. Empirical consistency of price indices is necessary to enable testing of competing specifications. Available methods of unbiasing the price index are summarized here. Using original rate information from several hundred Texas utilities, new indices of marginal and average price change are constructed. Marginal water price change is shown to explain consumption variation better than average water price change, based on standard information criteria. Annual change in quantity consumed per month is estimated with differences in climate variables and the new quasidifference marginal price index. As expected, the annual price elasticity of demand is found to vary with daily high and low temperatures and the frequency of precipitation.

  19. Consumer Willingness to Pay for Dengue Vaccine (CYD-TDV, Dengvaxia®) in Brazil; Implications for Future Pricing Considerations

    Science.gov (United States)

    Godói, Isabella P.; Santos, André S.; Reis, Edna A.; Lemos, Livia L. P.; Brandão, Cristina M. R.; Alvares, Juliana; Acurcio, Francisco A.; Godman, Brian; Guerra Júnior, Augusto A.

    2017-01-01

    Introduction and Objective: Dengue virus is a serious global health problem with an estimated 3.97 billion people at risk for infection worldwide. In December 2015, the first vaccine (CYD-TDV) for dengue prevention was approved in Brazil, developed by Sanofi Pasteur. However, given that the vaccine will potentially be paid via the public health system, information is need regarding consumers’ willingness to pay for the dengue vaccine in the country as well as discussions related to the possible inclusion of this vaccine into the public health system. This was the objective of this research. Methods: We conducted a cross-sectional study with residents of Greater Belo Horizonte, Minas Gerais, about their willingness to pay for the CYD-TDV vaccine. Results: 507 individuals were interviewed. These were mostly female (62.4%) had completed high school (62.17%), were working (74.4%), had private health insurance (64.5%) and did not have dengue (67.4%). The maximum median value of consumers’ willingness to pay for CYD-TDV vaccine is US$33.61 (120.00BRL) for the complete schedule and US$11.20 (40.00BRL) per dose. At the price determined by the Brazil’s regulatory chamber of pharmaceutical products market for the commercialization of Dengvaxia® for three doses, only 17% of the population expressed willingness to pay for this vaccine. Conclusion: Brazil is currently one of the largest markets for dengue vaccine and the price established is a key issue. We believe the manufacturer should asses the possibility of lower prices to reach a larger audience among the Brazilian population. PMID:28210223

  20. Natural gas monthly, August 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-08-01

    This analysis presents the most recent data on natural gas prices, supply, and consumption from the Energy Information Administration (EIA). The presentation of the latest monthly data is followed by an update on natural gas markets. The markets section examines the behavior of daily spot and futures prices based on information from trade press, as well as regional, weekly data on natural gas storage from the American Gas Association (AGA). This {open_quotes}Highlights{close_quotes} closes with a special section comparing and contrasting EIA and AGA storage data on a monthly and regional basis. The regions used are those defined by the AGA for their weekly data collection effort: the Producing Region, the Consuming Region East, and the Consuming Region West. While data on working gas levels have tracked fairly closely between the two data sources, differences have developed recently. The largest difference is in estimates of working gas levels in the East consuming region during the heating season.

  1. Factors that influence consumers' acceptance of future energy systems : the effects of adjustment type, production level, and price

    NARCIS (Netherlands)

    Leijten, Fenna R. M.; Bolderdijk, Jan Willem; Keizer, Kees; Gorsira, Madelijne; van der Werff, Ellen; Steg, Linda

    2014-01-01

    To promote the successful introduction of sustainable energy systems, more insight is needed into factors influencing consumer's acceptance of future energy systems. A questionnaire study among 139 Dutch citizens (aged 18-85) was conducted. Participants rated the acceptability of energy systems made

  2. Factors that influence consumers' acceptance of future energy systems : the effects of adjustment type, production level, and price

    NARCIS (Netherlands)

    Leijten, Fenna R. M.; Bolderdijk, Jan Willem; Keizer, Kees; Gorsira, Madelijne; van der Werff, Ellen; Steg, Linda

    2014-01-01

    To promote the successful introduction of sustainable energy systems, more insight is needed into factors influencing consumer's acceptance of future energy systems. A questionnaire study among 139 Dutch citizens (aged 18-85) was conducted. Participants rated the acceptability of energy systems made

  3. Embodied Product Perception: Effects of Verticality Cues in Advertising and Packaging Design on Consumer Impressions and Price Expectations

    NARCIS (Netherlands)

    Rompay, van T.J.L.; Vries, de P.W.; Bontekoe, F.; Tanja-Dijkstra, Karin

    2012-01-01

    As consumers increasingly turn to luxury brands and associated benefits, brand managers face the question how to convey luxury perceptions via marketing communications such as packaging and advertising design. Inspired by theories addressing embodied cognition and symbolic meaning portrayal, this pa

  4. Cost-Effectiveness of Price Subsidies on Fortified Packaged Infant Cereals in Reducing Iron Deficiency Anemia in 6-23-Month-Old-Children in Urban India

    Science.gov (United States)

    Plessow, Rafael; Arora, Narendra Kumar; Brunner, Beatrice

    2016-01-01

    Introduction Iron deficiency anaemia (IDA) is a major public health problem in India and especially harmful in early childhood due to its impact on cognitive development and increased all-cause mortality. We estimate the cost-effectiveness of price subsidies on fortified packaged infant cereals (F-PICs) in reducing IDA in 6-23-monthold children in urban India. Materials and Methods Cost-effectiveness is estimated by comparing the net social cost of price subsidies with the disability-adjusted life-years (DALYs) averted with price subsidies. The net social costs correspond to the cost of the subsidy minus the monetary costs saved by reducing IDA. The estimation proceeds in three steps: 1) the current lifetime costs of IDA are assessed with a health economic model combining the prevalence of anemia, derived from a large population survey, with information on the health consequences of IDA and their costs in terms of mortality, morbidity, and DALYs. 2) The effects of price subsidies on the demand for F-PICs are assessed with a market survey among 4801 households in 12 large Indian cities. 3) The cost-effectiveness is calculated by combining the findings of the first two steps with the results of a systematic review on the effectiveness of F-PICs in reducing IDA. We compare the cost-effectiveness of interventions that differ in the level of the subsidy and in the socio-economic strata (SES) eligible for the subsidy. Results The lifetime social costs of IDA in 6-23-month-old children in large Indian cities amount to production losses of 3222 USD and to 726,000 DALYs. Poor households incur the highest costs, yet even wealthier households suffer substantial losses. The market survey reveals that few households currently buy F-PICs, with the share ranging from 14% to 36%. Wealthier households are generally more likely to buy FPICs. The costs of the subsidies per DALY averted range from 909 to 3649 USD. Interventions targeted at poorer households are most effective. Almost

  5. Macroeconomic Forces and Stock Prices:Evidence from the Bangladesh Stock Market

    OpenAIRE

    Khan, Mashrur Mustaque; Yousuf, Ahmed Sadek

    2013-01-01

    The study examines the influence of a selective set of macroeconomic forces on stock market prices in Bangladesh. The Dhaka Stock Exchange All-Share Price Index (DSI) is used to represent the prices in the stock market while deposit interest rates, exchange rates, consumer price index (CPI), crude oil prices and broad money supply (M2) are selected to represent the macroeconomic variables affecting the stock prices. Using monthly data from 1992m1-2011m6, several time-series techniques were us...

  6. INTERACTION OF MACROECONOMIC VARIABLES WITH STOCK PRICES

    Directory of Open Access Journals (Sweden)

    ALİ ÖZER

    2013-06-01

    Full Text Available The aim of this study is to determine whether there is a relationship between ISE 100 Index and some macroeconomic variables by using monthly data of January 1996 – December 2009. ISE 100 Index was used as dependent variable and interest rates, money supply, foreign trade equilibrium, industrial production index, gold prices, exchange rates, consumer price index were used as independent variables. Least squares estimation method, Johansen-Jeselius cointegration test, Granger causality test and variance decomposition results produced by VEC model were used in the study. These analysis show that there is a long run relationship between some macroeconomic variables and stock prices.

  7. 基于赛事门票价格功能的消费心理研究%Consumer psychology based on function of sports tickets pricing

    Institute of Scientific and Technical Information of China (English)

    孔庆波

    2012-01-01

    运用文献资料、逻辑分析等研究方法,对体育赛事门票价格的功能进行了分析,并在此基础上研究了观众体育赛事门票消费的心理表现,旨在为体育赛事门票定价和赛事运营可持续发展奠定理论基础。结果显示,体育赛事门票价格具有体育赛事衡量、观众自我拟比、市场需求调节和心理价位特定等功能。而在此影响下,观众形成了习惯性、倾向性、敏感性和感受性等多种体育赛事门票消费的心理表现。%In order to lay the theoretical foundation for pricing of sports tickets and sustainable development of sports events, the paper uses literature, logic analysis and other research methods to do research on the function of sports tickets pricing and studies the consumer psychology of audience on sports tickets. The paper finds that the price of sports tickets has the function of measuring sports size, quality or value, satisfying self - consciousness, regulating market demand, and positioning psychological price: Under this influence, the audience forms so many consumption psychologies on sports ticket as habituality, tendency, sensitivity and sensibility.

  8. Development of generalized space time autoregressive integrated with ARCH error (GSTARI - ARCH) model based on consumer price index phenomenon at several cities in North Sumatera province

    Science.gov (United States)

    Bonar, Hot; Ruchjana, Budi Nurani; Darmawan, Gumgum

    2017-03-01

    Inflation is defined as a situation where generally the price of goods has increased continuously. In order to measure inflation, Statistics of Indonesia (BPS) use the Consumer Price Index (CPI). Inflation in North Sumatera Province monitored through CPI change in several major cities which are Medan, Pematang Siantar, Sibolga, and Padangsidimpuan. The CPI value in these cities was affected by the previous times value and have correlation between one another. In data modeling, data that have correlation in time and spatial is called space time data. One of data modeling methods that can be used to analyze the space time data is the Generalized Space Time Autoregressive (GSTAR) which was introduced by Ruchjana (2002) with assumed constant variance error. Furthermore, time series data such as inflation often have high volatility which implicates on an inconstant value of variance and error. Nainggolan (2011) was introduced GSTAR model with an Autoregressive Conditional Heteroscedastic (ARCH) error, called GSTAR-ARCH model. In this model, the mean equation was modeled by GSTAR model and the variance equation was modeled by the ARCH model. For non stationarity data, we apply GSTAR-Integrated with ARCH error (GSTARI-ARCH) model, and the estimation parameters are using Generalized Least Square (GLS) method as introduced by Nainggolan (2011).

  9. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    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...

  10. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    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...

  11. Impact of additional prices of the electricity consumed at peak hours; Impactos da adocao de tarifas diffenciadas de energia eletrica sobre o projet otimizado de sistemas de aquecimento solar de agua

    Energy Technology Data Exchange (ETDEWEB)

    Borges, T. P. E.; Colle, S.; Wendel, M.

    2004-07-01

    Multi objective optimization techniques were used as a decision tool for sizing an additional price to the electricity consumed at peak hours. The proposed method uses mathematical programs linked to a long-term hourly simulation routine. The resulting optimal synthesis model was used to correlate additional peak-hour prices to optimal design solutions for appliances. A case study regarding solar water heaters for Campinas city, Southeastern Brazil was presented. The resulting tradeoff curve showed the existence of adverse regions for the consumers and for the utilities. There is also a good trading region for both parts. (Author)

  12. La rigidità dei prezzi in Italia (Price Stickiness in Italy

    Directory of Open Access Journals (Sweden)

    Silvia Fabiani

    2012-04-01

    Full Text Available The presence of price stickiness implies that in the short term adjustment to demand or supply shocks takes place through quantities. This paper approaches the issue of nominal price stickiness in Italy by analysing the cross-sectional distributions of the changes in sectoral consumer price indices and the relationships between the moments of such distributions. A preliminary descriptive analysis showed that consumer price cuts are indeed quite rare. The theoretical literature on price rigidity, in particular downwards, suggests some propositions concerning such relationships, which can be empirically tested. In particular, downward price rigidity should imply a positive asymmetric distribution which should become more pronounced as average inflation declines. Consumer price changes in Italy in fact exhibit quite a pronounced positive asymmetry. Moreover, the relative number of months in which the distribution of consumer price changes is right-skewed rises substantially moving from a high to a low inflation environment. On the basis of a Granger-causality analysis we show that, while the asymmetry in the distribution of Italian consumer price changes over the period characterised by high inflation rates was endogenously generated by the presence of adjustment costs, when moderate inflation prevailed the asymmetric behaviour of prices seems to have been due mainly to some form of inherent downward stickiness in the service sector.  JEL Codes: E31Keywords: Prices, Supply

  13. 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. Second

  14. Are Staple Foods Becoming More Expensive For Urban Consumers In Eastern And Southern Africa? Trends in Food Prices, Marketing Margins, and Wage Rates in Kenya, Malawi, Mozambique, and Zambia

    OpenAIRE

    Mason, Nicole M.; Jayne, Thomas S.; Donovan, Cynthia; Chapoto, Antony

    2009-01-01

    The world food and financial crises threaten to undermine the real incomes of urban consumers in eastern and southern Africa. This study investigates patterns in staple food prices, wage rates, and marketing margins for urban consumers in Kenya, Malawi, Mozambique, and Zambia between 1993 and 2009. There is high correlation among wage rate series for various government and private sector categories. We find that average formal sector wages rose at a faster rate than retail maize meal and brea...

  15. A Framework for Price Statistics

    OpenAIRE

    Kimberly D. Zieschang

    2000-01-01

    This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose into price and volume components. The paper begins by defining the basic algebra of price indices. It then discusses the definition of the value aggregates comprising the goods and services component...

  16. 75 FR 78632 - Consumer Leasing

    Science.gov (United States)

    2010-12-16

    ... inflation by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical... adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and... Consumer Price Index. See, e.g., 12 CFR 226.32(a)(1)(ii) and its accompanying commentary. The Board...

  17. 76 FR 18349 - Consumer Leasing

    Science.gov (United States)

    2011-04-04

    ... adjusted annually for inflation by the annual percentage increase in the Consumer Price Index for Urban... increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. Accordingly, the Board is... annual adjustments based on a consumer price index. See, e.g., 12 CFR 226.32(a)(1)(ii) and its...

  18. Petroleum marketing monthly, June 1994

    Energy Technology Data Exchange (ETDEWEB)

    1994-06-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in five sections: Summary Statistics; Crude Oil Prices; Prices of Petroleum Products; Volumes of Petroleum Products; and Prime Supplier Sales Volumes of Petroleum Products for Local Consumption. The feature article is entitled ``The Second Oxygenated Gasoline Season.`` 7 figs., 50 tabs.

  19. Prediction of the Consumer Price Index Based on Chaos Theory and Improved Neural Network%混沌理论和改进神经网络的居民消费价格指数预测

    Institute of Scientific and Technical Information of China (English)

    曲富丽

    2015-01-01

    The consumer price index has chaotic changes rules,the traditional models are difficult to accurately mining the change tendency,in order to obtain more ideal prediction results of consumer price index,a consumer price index prediction model by using chaos theory and improved neural network is put forward in this paper.Firstly,the phase space reconstruction is used to find the changes rules of consumer price index data,and then neural network is used to establish the prediction model of consumer price index which particle swarm optimization algorithm is used to select parameters of neural network,lastly,some consumer price index data are used to tested the performance.The experimental results show that,the proposed model can accurately reflect the changes of consumer price index,and the prediction results are conducive to macroeconomic analysis and decision making.%提出一种混沌理论和改进神经网络相融合的居民消费价格指数预测模型(Chaotic-NN)。首先对居民消费价格指数历史样本进行相空间重构,从中发现居民消费价格指数的变化信息,然后采用神经网络建立居民消费价格指数预测模型,并采用粒子群算法优化神经网络参数,最后利用多个居民消费价格指数预测实例对其性能进行验证性测试。结果表明,Chaotic-NN 可以全面描述居民消费价格指数变化的非线性和混沌性,拟合度和预测精度都比较高,真实地反映了居民消费价格指数的变化规律。

  20. La rigidità dei prezzi in Italia (Price Stickiness in Italy

    Directory of Open Access Journals (Sweden)

    Silvia Fabiani

    2003-09-01

    Full Text Available The presence of price stickiness implies that in the short term adjustment to demand or supply shocks takes place through quantities. This paper approaches the issue of nominal price stickiness in Italy by analysing the cross-sectional distributions of the changes in sectoral consumer price indices and the relationships between the moments of such distributions. A preliminary descriptive analysis showed that consumer price cuts are indeed quite rare. The theoretical literature on price rigidity, in particular downwards, suggests some propositions concerning such relationships, which can be empirically tested. In particular, downward price rigidity should imply a positive asymmetric distribution which should become more pronounced as average inflation declines. Consumer price changes in Italy in fact exhibit quite a pronounced positive asymmetry. Moreover, the relative number of months in which the distribution of consumer price changes is right-skewed rises substantially moving from a high to a low inflation environment. On the basis of a Granger-causality analysis we show that, while the asymmetry in the distribution of Italian consumer price changes over the period characterised by high inflation rates was endogenously generated by the presence of adjustment costs, when moderate inflation prevailed the asymmetric behaviour of prices seems to have been due mainly to some form of inherent downward stickiness in the service sector.

  1. Price Recall, Bertrand Paradox and Price Dispersion With Elastic Demand

    NARCIS (Netherlands)

    Carvalho, M.

    2009-01-01

    This paper studies the consequence of an imprecise recall of the price by the consumers in the Bertrand price competition model for a homogeneous good. It is shown that firms can exploit this weakness and charge prices above the competitive price. This markup increases for rougher recall of the pric

  2. Modelling the Price of Unleaded Petrol in Australia’s Capital Cities

    Directory of Open Access Journals (Sweden)

    Abbas Valadkhani

    2010-06-01

    Full Text Available This paper examines the long-run and short-run determinants of unleaded petrol price in Australia’s capitalcities using monthly data to find out whether prices respond asymmetrically to external shocks. Based on thecointegration test results and the estimated asymmetric short-run dynamic models, it is found that: (1 in thelong-run petrol prices are mainly determined by Tapis crude oil and Singapore petrol prices; (2 there issome evidence of asymmetric price adjustments in the short-run since petrol price increases have been mostlypassed on to the consumer faster than price decreases in four capital cities. More specifically, this paperprovides convincing evidence in support of asymmetric price adjustments and the “rockets-and-feathershypothesis” in Adelaide, Brisbane, Melbourne and Sydney. One can thus argue that there are a significantdegree of market inefficiency and/or collusion, requiring a closer government price monitoring and scrutiny.

  3. Price and consumption of tobacco

    Directory of Open Access Journals (Sweden)

    Virendra Singh

    2012-01-01

    Full Text Available Background: It is thought that price increase in tobacco products leads to reduced consumption. Though many studies have substantiated this concept, it has not been well studied in India. Recently, price of tobacco products was increased due to ban on plastic sachets of chewing tobacco and increased tax in Rajasthan. This study was designed to evaluate the effect of price rise on overall consumption of tobacco in Jaipur city, Rajasthan. Materials and Methods: This study was carried out in Jaipur city. Two-staged stratified sampling was used. In the first phase of study, cost and consumption of various tobacco products in the months of February and April were enquired from 25 retail tobacco shops. In the second phase, tobacco consumption was enquired from 20 consecutive consumers purchasing any tobacco product from all the above retail tobacco shops. The data were statistically analyzed using descriptive statistics and paired "t" test. Results: The comparison of prices of tobacco products between February and April revealed that the price of cigarette, bidi, and chewing tobacco has increased by 19%, 21%, and 68%, respectively. Average decrease in sales of cigarettes, bidi, and chewing tobacco at shops included in the study were 14%, 23%, and 38%, respectively. The consumers purchasing tobacco also reported decreased consumption. Chewing tobacco showed the maximum reduction (21%. Consumption of cigarette and bidi has also reduced by 15% and 13%, respectively. Conclusion: It may be concluded that reduction in consumption is associated with increased price of tobacco products. Reduced consumption is comparative to the magnitude of price increase.

  4. Dynamic pricing based on substitutes and strategic consumers%存在替代品情况下考虑消费者策略行为的动态定价

    Institute of Scientific and Technical Information of China (English)

    毕功兵; 王怡璇; 丁晶晶

    2013-01-01

    This paper develops a two-period dynamic pricing model based on strategic behaviors of consumers and two brands of substitutes which are sold by a monopolist. Assuming that the consumers' valuations for the two brands of products are heterogeneous and uniformly distributed, valuation functions in the two periods could be formulated through relative parameters. The consumers' purchasing decisions and the seller's optimal pricing strategy are obtained by comparing consumer surpluses. Decision making process with myopic consumers is analyzed. A numerical example is given to analyze the influence of the main parameters to the optimal pricing. The results show that strategic consumers' behavior can reduce the extra profit of the dynamic pricing.%针对消费者策略行为,在单个厂商销售两种可替代产品情况下,建立了两周期动态定价模型.假设消费者对产品的估价是异质的,且服从均匀分布,通过相对估价系数构造两种产品不同周期内的估价函数,比较不同的消费者剩余得到消费者的购买决策以及厂商的最优定价策略.还分析了只存在短视型消费者时厂商和消费者的决策.最后通过数值实验,分析了模型主要参数变化对最优定价策略的影响,发现消费者的策略行为会减小厂商通过动态定价所获得的额外收益.

  5. CONSUMER PROFILE AND PRICE VARIATION OF AGRO-ECOLOGICAL PRODUCTS PERFIL DO CONSUMIDOR E OSCILAÇÕES DE PREÇOS DE PRODUTOS AGROECOLÓGICOS

    Directory of Open Access Journals (Sweden)

    Érika Lidia Silva Cavalcante

    2011-10-01

    Full Text Available

    The consumption of natural foods has increased significantly all over the world, and the term “organic” has acquired great importance. Thus, this study tried to identify the consumer profile of organic foods in Goiânia, Goiás State, Brazil, in order to find out the main difficulties faced to purchase this kind of product. Prices for organic and conventional foods were also compared. The main problem mentioned by the people questioned about the difficulties for consuming this kind of product was the price factor, followed by its availability. Pumpkin (Curcubita moschata, eggplant (Solanum melongena, beetroot (Beta vulgaris L., carrot (Daucus carota L., jiló (Solanum gilo Raddi, and cucumber (Cucumis sativu were the products that showed the highest percent variation in price (conventional x organic.

    Em todo o mundo, o consumo de alimentos naturais tem aumentado significativamente, e o termo “orgânico” tem se destacado. Em face disto, buscou-se conhecer o perfil do consumidor de alimentos orgânicos, no município de Goiânia (GO, bem como saber quais são as principais dificuldades por ele encontradas, na aquisição destes produtos. Fez-se, também, um levantamento de preços, a fim de serem comparados alimentos orgânicos e convencionais. O principal problema apontado pelos entrevistados, quanto à dificuldade no consumo, foi o fator preço, seguido pela disponibilidade de produtos. Abóbora (

  6. 基于情感型消费群的ITMC营销沙盘价格策略探讨%A Discussion on Price Strategy of the ITMC Marketing Sandbox Based on Emotional Consumer Groups

    Institute of Scientific and Technical Information of China (English)

    康元华

    2015-01-01

    在ITMC市场营销沙盘的六类零售消费群体中,情感型消费群体的交易条件相对独立,这有利于企业掌握定价主动权。文章在分析情感型群体交易条件的基础上,探讨了针对这一消费群体的定价模型,明确了价格的计算方法,并将该定价策略延伸至理智型和习惯型消费群体,有助于沙盘经营者进行价格决策。%In the six types of retail consumer groups in ITMC marketing sandbox,the emotional group’s trading conditions are rela⁃tively independent,which is helpful for enterprises to grasp the initiative in pricing. On the basis of analyzing the emotional group’s trad⁃ing terms,the paper explores the pricing model and the method of calculating the price. And extend the price strategy to other consumer groups,such as the rational type and habit type to help sandbox operators with price decisions.

  7. Petroleum marketing monthly

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-11-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data.

  8. Price knowledge during grocery shopping

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup; Grunert, Klaus G

    2014-01-01

    Past research on consumer price knowledge has varied considerably partly due to differences in how and when price knowledge is measured.This paper applies a multi-point, multi-measure approach to reconcile differences in past price knowledge research by examining systematicrelationships between...... accessible at the store exit. These findings enable the authors to reconcile diverging results from past research,showing how consumer price knowledge evolves and suggesting that the vast majority of consumers learn about prices, whether consciously orunconsciously, during grocery shopping. Thus, when...... applying a multi-point, multi-measure approach, consumers appear to know more aboutprices than suggested by past research. Determinants of price knowledge are also examined and the results indicate that price knowledge buildsup not only because of active search but also due to accidental exposure to prices...

  9. Macroeconomic Forces and Stock Prices: Some Empirical Evidence from Saudi Arabia

    OpenAIRE

    Lakshmi Kalyanaraman; Basmah Al Tuwajri

    2014-01-01

    This paper examines if there exists a long run relationship among five macroeconomic variables, consumer price index, industrial output, money supply, exchange rate, oil prices along with the global stock prices proxy Standard and Poor 500 index and Saudi all share stock index. Time series analysis is applied using monthly data from January 1994 to June 2013. Application of Johansen cointegration test finds the existence of a long run relationship among the chosen variables. All macroeconomic...

  10. On China's Market Efficiency Based on the Price Relationship Between Producer and Consumer of Fuji Apple%从富士苹果产销地价格关系看中国市场效率

    Institute of Scientific and Technical Information of China (English)

    杨美丽

    2012-01-01

    Based on the random walk model,the market efficiency hypothesis,the co-integration analysis and Granger causality test,this article studies China's market efficiency by Fuji apples' producer and consumer price.It shows that while the producer's prices follow the random walk model,the consumer's price fit in with the hypothesis of high risk and high profit with ARCH effect.Due to entry barriers in circulation,the producer market and the consumer market are not unified.While production price changes have significant transfer effect on consumer market price changes,the consumer market price changes do not have significant force effect to the production price changes.The speculation and rent-seeking on the market is intensifying the market segmentation and social welfare loss.After 30-years construction of the market economy,there is still room for China's market efficiency.Chinese government should weaken the market entry barriers,promote the market efficiency and enhance the social welfare.%基于随机游走和市场有效假说,采用协整分析、格兰杰因果检验等方法,通过研究富士苹果产销地价格关系研究中国市场效率。结果表明,产地价格波动遵循随机游走;销地价格波动不遵循随机游走,存在ARCH效应,满足高风险高收益假说;产销地价格间存在长期稳定均衡关系,但由于流通领域进入壁垒等的存在,产销地市场并不是统一完善的有效市场,而是两个市场;市场间传递效应显著而倒逼效应不显著;市场上投机和寻租等的存在正加剧着市场分割和社会福利损失。由此说明,历经30余年市场经济建设,中国市场效率仍待改进。政府应削弱市场进入障碍,增进市场效率,提升社会福利。

  11. 价格歧视对消费者利益的影响简析%A Brief Analysis of the Impact of Price Discrimination on the Interests of Consumers

    Institute of Scientific and Technical Information of China (English)

    邱瑞铭; 彭卫民

    2016-01-01

    Price discrimination is common in modern commercial market phenomenon. Some people think it is neutral, should be treated objectively; others think it is the business press to consumer, should be stopped. In fact, this can not be generalized, the impact on the interests of consumers by different types of price discrimination from the different angle is different. In this paper, according to the three categories of price discrimination, the impacts on the interests of consumers are discussed. The suggestions and measures are put forward from the administrative intervention and the consumers' opinions.%价格歧视是现代商业化市场中常见的现象,有人认为它是中性的,理应客观对待;有人则觉得它是商家压榨消费者的工具,应该制止。其实,对此不能一概而论,不同类型的价格歧视从不同角度而言,对消费者利益的影响是不同的。本文按照价格歧视的三种分类分别讨论了其对消费者利益的影响,并从行政干预和消费者自身角度提出了建议措施。

  12. 基于策略消费者行为和市场细分的联合定价库存策略%Joint Ordering and Pricing Policy Considering Consumer Behavior and Market Segmentation

    Institute of Scientific and Technical Information of China (English)

    徐贤浩; 陈雯; 彭红雯

    2012-01-01

    策略消费者的行为越来越受到厂商的重视,本文在假设消费者为风险规避型,对商品评价异质,考虑策略消费者和非策略消费者并存的细分市场上,比较两阶段定价和单一定价的优劣,研究限量策略实施的条件,进一步扩展至厂商能同时决定库存和价格的情况。研究表明消费者为风险规避型时,两阶段定价策略优于单一定价策略;策略消费者所占比例越大,消费者风险规避程度越高,第二阶段价格折扣越大,厂商越青睐限量的两阶段定价策略。此外,制定适度的价格折扣才会使厂商增加利润,过度的折扣竞争对厂商和消费者都没有好处。%Strategic consumer behavior has received more and more attention. In this article, consumers are assumed to be risk averse and heterogeneous in product's value. When strategic and non-strategic consum- ers coexist, two-stage pricing policy and single pricing policy are compared, condition of rationing is dis- cussed, and jointly ordering and pricing policy are analyzed. Research shows that two-stage pricing policy dominates single pricing policy when consumers are risk averse. Firm prefers rationing inventory policy if there is higher proportion of strategic consumers or higher degree of risk aversion or greater discount of second phase's price. In addition, only appropriate discounts will increase firm's profit, excessive discount competition doesn't benefit both firm and consumers.

  13. Long memory in German energy price indices

    Energy Technology Data Exchange (ETDEWEB)

    Barros, Carlos P. [Lisbon Univ. (Portugal). Inst. Superior de Economia e Gestao; Caporale, Guglielmo Maria [Brunel Univ., London (United Kingdom). Centre for Empirical Finance; Gil-Alana, Luis A. [Navarra Univ., Pamplona (Spain). Faculty of Economics and Business Administration

    2012-09-15

    This study examines the long-memory properties of German energy price indices (specifically, import and export prices, as well as producer and consumer prices) for hard coal, lignite, mineral oil and natural gas adopting a fractional integration modelling framework. The analysis is undertaken using monthly data from January 2000 to August 2011. The results suggest nonstationary long memory in the series (with orders of integration equal to or higher than 1) when breaks are not allowed for. However, endogenous break tests indicate a single break in all series except for producer prices for lignite for which two breaks are detected. When such breaks are taken into account, and with autocorrelated disturbances, evidence of mean reversion is found in practically all cases.

  14. 基于策略型消费者的易逝品最优定价研究%Optimal pricing of perishable goods under strategic consumers

    Institute of Scientific and Technical Information of China (English)

    陈晓红; 易国栋; 成璐璐

    2015-01-01

    With access to information is becoming more and more convenient and quick,the strategic behavior of customers is becoming more common in everyday life. In this paper,we study the optimal pricing of perishable goods in the presence of strategic customers. Monopolist sells a finite quantify of products in a certain period of time. Customers select the optimal time to buy based on the principle of utility maximization. This paper is divided into two scenarios in-cluding not replenish inventory and replenish inventory. Studies have shown that the game equi-librium exists between sellers and consumers. After a seller announces the pricing strategy,the structure of customers is divided by an optimal threshold function. The strategic behavior of cus-tomers has a significant impact on the profits of a seller. A seller can accord to the market de-mand and the time sensitivity of customers through proper inventory and price setting to reduce losses from the strategic behavior of customers. The situation with replenishing inventory is bet-ter than the situation without replenishing inventory only when market demand is larger.%随着信息获取变得越来越方便快捷,消费者策略行为在日常生活中变得越来越普遍。同时,产品的易腐蚀性使得时间敏感的消费者的选择更复杂。本文研究存在策略型消费者的易腐蚀性产品最优定价问题。垄断厂商在一定时期内销售有限个产品,消费者根据效用最大化原则选择自身的最优购买时机。本文分为不补充库存和补充库存两种情形。研究表明,厂商与消费者之间存在博弈均衡,厂商公布定价策略后,存在最优的阈值函数划分消费者结构。消费者的策略行为对厂商利润有重大影响,厂商可以根据市场需求状况和消费者时间敏感程度通过适当的库存和价格设定来减少消费者策略行为带来的损失。补充库存只有在市场需求较大的时候才优于不补充库存情形。

  15. Natural Gas Price Rises

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ As was projected in the third-quarter monetary policy implementation report published by the People's Bank of China on November 15th, 2006, the residents' consumption price index in China would reach 1.5% in 2006. Prices of consumer commodities such as water, power and natural gas would rise and the pressure of inflation would persist in the future.

  16. Changes in prices, sales, consumer spending, and beverage consumption one year after a tax on sugar-sweetened beverages in Berkeley, California, US: A before-and-after study.

    Science.gov (United States)

    Silver, Lynn D; Ng, Shu Wen; Ryan-Ibarra, Suzanne; Taillie, Lindsey Smith; Induni, Marta; Miles, Donna R; Poti, Jennifer M; Popkin, Barry M

    2017-04-01

    Taxes on sugar-sweetened beverages (SSBs) meant to improve health and raise revenue are being adopted, yet evaluation is scarce. This study examines the association of the first penny per ounce SSB excise tax in the United States, in Berkeley, California, with beverage prices, sales, store revenue/consumer spending, and usual beverage intake. Methods included comparison of pre-taxation (before 1 January 2015) and first-year post-taxation (1 March 2015-29 February 2016) measures of (1) beverage prices at 26 Berkeley stores; (2) point-of-sale scanner data on 15.5 million checkouts for beverage prices, sales, and store revenue for two supermarket chains covering three Berkeley and six control non-Berkeley large supermarkets in adjacent cities; and (3) a representative telephone survey (17.4% cooperation rate) of 957 adult Berkeley residents. Key hypotheses were that (1) the tax would be passed through to the prices of taxed beverages among the chain stores in which Berkeley implemented the tax in 2015; (2) sales of taxed beverages would decline, and sales of untaxed beverages would rise, in Berkeley stores more than in comparison non-Berkeley stores; (3) consumer spending per transaction (checkout episode) would not increase in Berkeley stores; and (4) self-reported consumption of taxed beverages would decline. Main outcomes and measures included changes in inflation-adjusted prices (cents/ounce), beverage sales (ounces), consumers' spending measured as store revenue (inflation-adjusted dollars per transaction) in two large chains, and usual beverage intake (grams/day and kilocalories/day). Tax pass-through (changes in the price after imposition of the tax) for SSBs varied in degree and timing by store type and beverage type. Pass-through was complete in large chain supermarkets (+1.07¢/oz, p = 0.001) and small chain supermarkets and chain gas stations (1.31¢/oz, p = 0.004), partial in pharmacies (+0.45¢/oz, p = 0.03), and negative in independent corner stores and

  17. Are Fuel Price Hikes Justifiable?

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    China saw its third fuel price hike this year when the National Development and Reform Commission, China’s top price regulator, hiked gasoline and diesel retail prices up by 9 percent, effective on June 30. It is the second rally in a month after the country initiated a new fuel pricing scheme in May.

  18. Dynamic Price Dispersion of Storable Goods

    DEFF Research Database (Denmark)

    Gao, Cixiu

    2015-01-01

    In this paper I provide an analytical model for the rationale behind supermarket pricing patterns characterized by long-term high prices and temporary price reductions. Based on the understanding that temporary price reductions serve the role of price discrimination between consumers with different...... search costs and willingness to wait, I construct a dynamic model of oligopoly retailers selling a homogeneous storable good. The model takes into account consumer heterogeneity with respect to search cost, inventory cost, and store loyalty. I demonstrate that the high-price-low-price pattern is rational...... for storable goods. In a Markov-perfect equilibrium, agents’ actions depend on consumer inventory, and purchase decisions are characterized by a critical price. The equilibrium price series consists of one-time price reductions and several consecutive periods in which all retailers offer the regular price...

  19. Dynamic Price Dispersion of Storable Goods

    DEFF Research Database (Denmark)

    Gao, Cixiu

    2014-01-01

    In this paper I provide an analytical model for the rationale behind supermarket pricing patterns characterized by long-term high prices and temporary price reductions. The model is based on the understanding that temporary price reductions serve the role of price discrimination between consumers...... with different search costs and willingness to wait. I demonstrate that the high-price-low-price pattern is rational for storable goods. In a Markov-perfect equilibrium, agents’ actions depend on consumer inventory, and purchase decisions are characterized by a critical price. The equilibrium price series...... consists of one-time price reductions and several consecutive periods in which all retailers offer the regular price. The model predicts that competition is the hardest when consumer inventories are zero, and that at high inventory levels the probability of holding a sale is low....

  20. Petroleum marketing monthly

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-07-01

    Petroleum Marketing Monthly (PPM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o. b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

  1. Petroleum marketing monthly

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-02-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

  2. 非计价医用耗材管理现状及改进策略%The Status and Improvement Countermeasure of the Un-priced Medical Consumables Management

    Institute of Scientific and Technical Information of China (English)

    谭爱忠; 吴牡丹; 谢金亮; 龙钊; 邹俐爱

    2014-01-01

    随着科技的进步,医疗耗材对提升医疗服务质量的作用日益突出。非计价耗材作为开展临床和护理工作的必备物质,如何对其进行有效规范、降低医疗成本,已得到医院管理者越来越多的关注。本文通过分析非计价耗材在现代医院管理体系中现状与问题,借鉴其他医院的实践经验,从采购、库存、使用等环节提出精细化管理策略,从而为医院降低成本、提高效益提供参考。%With the progress of scientific technology, medical consumables are playing more and more important roles in advancing the medical service quality. As the integrant items for medical and nursing service, the un-priced medical consumables have attracted more and more concerns of hospital administrators. The status and problems of the management of un-priced medical consumables were analyzed and the lean management strategy was put forward on purchasing, inventory and usage of un-priced medical consumables, so as to provide references for declining the costs and increase the benefits.

  3. 浅谈价表管理信息系统控制医用耗材溢库%Control of Medical Consumable Surplus by Using Price List Management Information System

    Institute of Scientific and Technical Information of China (English)

    李传平

    2013-01-01

    The article discusses the definition of medical consumable surplus. At present, medical consumable surplus is common, complex and difficult in price management of hospital. For a long time, we have no good idea to resolve it. Since 201, we integrated price control system into information system, and gradually improve and explore a set of resolutions. Through setting a series of Junwei No.1 price control system, it achieves the accurate pracing, automation, so as to solve the problem.%  文章阐述了什么是医用耗材溢库,目前医用耗材溢库是医院价格管理中最为普遍,也是管理最复杂、难度最大的。一直以来没有好的解决办法。我院从2010年开始将物价管理纳入信息系统全过程,并逐步完善,摸索出一套解决这一问题的行之有效的办法。通过对军卫玉号物价管理系统(PRCMGR)的一系列的设置,达到计价准确、自动化,从而解决这一问题。

  4. Measuring Price Changes: A Study of the Price Indexes. Fourth Edition.

    Science.gov (United States)

    Wallace, William H.; Cullison, William E.

    This three-part monograph examines the major price indexes used to measure the intensity of inflation. The first part discusses the recent behavior of prices as measured by the Consumer Price Index (commodities, goods, and services), the Producer Price Index (wholesale prices of crude materials, intermediate materials, supplies, components, and…

  5. Policy Brief: Petroleum product pricing reforms in India. Are we on the right track?

    Energy Technology Data Exchange (ETDEWEB)

    Agarwal, Pravin Kumar; Soni, Anmol

    2013-03-15

    The path to petroleum product pricing reforms in India has been full of undulations. Even though Administered Pricing Mechanism (APM) was dismantled during 1 April 1998 to 31 March 2002, the government continued to regulate the prices of petrol, diesel, Public distribution System (PDS) kerosene, and domestic LPG, except for over a year, when oil marketing companies (OMCs) revised the consumer prices of petrol and diesel in line with the international prices. In June 2010, petrol pricing was deregulated, but government control continued to an extent. This control of petroleum product prices has not only severely affected the fiscal balance of the economy, but has also adversely impacted the oil companies (both upstream and downstream), eventually affecting the overall development of the sector. In fact, the impact of petroleum product subsidies has compelled the government to announce certain reforms in the past few months.

  6. Natural gas monthly, January 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-01-01

    This publication, the Natural Gas Monthly, presents the most recent data on natural gas supply, consumption, and prices from the Energy Information Administration (EIA). Of special interest in this issue are two articles summarizing reports recently published by EIA. The articles are {open_quotes}Natural Gas Productive Capacity{close_quotes} and {open_quotes}Outlook for Natural Gas Through 2015,{close_quotes} both of which precede the {open_quotes}Highlights{close_quotes} section. With this issue, January 1997, changes have been made to the format of the Highlights section and to several of the tabular and graphical presentations throughout the publication. The changes to the Highlights affect the discussion of developments in the industry and the presentation of weekly storage data. An overview of the developments in the industry is now presented in a brief summary followed by specific discussions of supply, end-use consumption, and prices. Spot and futures prices are discussed as appropriate in the Price section, together with wellhead and consumer prices.

  7. Study on Mobile Services Pricing Strategy Based on Consumer Utility%基于消费者效用的移动服务定价策略研究

    Institute of Scientific and Technical Information of China (English)

    种晓丽; 张金隆; 满青珊; 鲁耀斌

    2011-01-01

    Considering the basic and surplus functional attributes of mobile services, this paper measures consumer utility of mobile service based on the binary value system of utility theory. Further, the influence of consumer utility on purchase decision under 3 party gaming is considered. By deriving the pricing strategies of the operators with different competitive advantage, the influences of price level and consumers' utility on the profit and market share of different operator are discussed.%从移动服务产品的特征出发,以二元价值系统的效用理论为基础,从基本价值功能和超越价值功能2个方面度量移动服务产品的消费者效用.考虑在3方博弈的情况下,消费者效用对购买力的影响,通过对不同服务优势运营商定价策略的讨论,探讨了价格水平和消费者效用对运营商利润和市场份额的影响.

  8. Consumer choice and suggested price for pork as influenced by its appearance, taste and information concerning country of origin and organic pig production

    DEFF Research Database (Denmark)

    Dransfield, E.; Ngapo, T.M.; Nielsen, Niels Asger

    2005-01-01

    Reactions of consumers to the appearance and taste of pork with and without information concerning outdoor production of pigs were tested in France, Denmark, Sweden and UK. Consumers in all four countries focussed on colour and fatness rather than marbling and drip to make their choice. Almost half...... as pork from pigs 'raised outside' as opposed to 'inside'. There was no difference in the taste of grilled pork from indoor and outdoor production systems but pork labelled 'home produced' or 'outdoor' were more appreciated. Consumers' willingness to pay varied widely and was higher for those consumers...

  9. Oligopolistic Competition in Price and Quality

    NARCIS (Netherlands)

    A. Dubovik (Andrei); M.C.W. Janssen (Maarten)

    2008-01-01

    textabstractWe consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling

  10. Oligopolistic Competition in Price and Quality

    NARCIS (Netherlands)

    A. Dubovik (Andrei); M.C.W. Janssen (Maarten)

    2008-01-01

    textabstractWe consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling

  11. Method for Developing Descriptions of Hard-to-Price Products: Results of the Telecommunications Product Study

    Energy Technology Data Exchange (ETDEWEB)

    Conrad, F.; Tonn, B.

    1999-05-01

    This report presents the results of a study to test a new method for developing descriptions of hard-to-price products. The Bureau of Labor Statistics (BLS) is responsible for collecting data to estimate price indices such as the Consumers Price Index (BLS) is responsible for collecting data to estimate price indices such as the Consumers Price Index (CPI). BLS accomplishes this task by sending field staff to places of business to price actual products. The field staff are given product checklists to help them determine whether products found today are comparable to products priced the previous month. Prices for non-comparable products are not included in the current month's price index calculations. A serious problem facing BLS is developing product checklists for dynamic product areas, new industries, and the service sector. It is difficult to keep checklists up-to-date and quite often simply to develop checklists for service industry products. Some people estimates that upwards of 50 % of US economic activity is not accounted for in the CPI

  12. Changes in prices, sales, consumer spending, and beverage consumption one year after a tax on sugar-sweetened beverages in Berkeley, California, US: A before-and-after study

    Science.gov (United States)

    Ryan-Ibarra, Suzanne; Taillie, Lindsey Smith; Induni, Marta

    2017-01-01

    Background Taxes on sugar-sweetened beverages (SSBs) meant to improve health and raise revenue are being adopted, yet evaluation is scarce. This study examines the association of the first penny per ounce SSB excise tax in the United States, in Berkeley, California, with beverage prices, sales, store revenue/consumer spending, and usual beverage intake. Methods and findings Methods included comparison of pre-taxation (before 1 January 2015) and first-year post-taxation (1 March 2015–29 February 2016) measures of (1) beverage prices at 26 Berkeley stores; (2) point-of-sale scanner data on 15.5 million checkouts for beverage prices, sales, and store revenue for two supermarket chains covering three Berkeley and six control non-Berkeley large supermarkets in adjacent cities; and (3) a representative telephone survey (17.4% cooperation rate) of 957 adult Berkeley residents. Key hypotheses were that (1) the tax would be passed through to the prices of taxed beverages among the chain stores in which Berkeley implemented the tax in 2015; (2) sales of taxed beverages would decline, and sales of untaxed beverages would rise, in Berkeley stores more than in comparison non-Berkeley stores; (3) consumer spending per transaction (checkout episode) would not increase in Berkeley stores; and (4) self-reported consumption of taxed beverages would decline. Main outcomes and measures included changes in inflation-adjusted prices (cents/ounce), beverage sales (ounces), consumers’ spending measured as store revenue (inflation-adjusted dollars per transaction) in two large chains, and usual beverage intake (grams/day and kilocalories/day). Tax pass-through (changes in the price after imposition of the tax) for SSBs varied in degree and timing by store type and beverage type. Pass-through was complete in large chain supermarkets (+1.07¢/oz, p = 0.001) and small chain supermarkets and chain gas stations (1.31¢/oz, p = 0.004), partial in pharmacies (+0.45¢/oz, p = 0.03), and

  13. Petroleum marketing monthly, November 1993

    Energy Technology Data Exchange (ETDEWEB)

    1993-11-09

    The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed costs of imported crude oil, and the refiner`s acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

  14. Petroleum marketing monthly, October 1993

    Energy Technology Data Exchange (ETDEWEB)

    1993-10-07

    The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase prices, the f.o b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates residuals, aviation fuels, kerosene, and propane are presented.

  15. Petroleum marketing monthly, August 1990

    Energy Technology Data Exchange (ETDEWEB)

    1990-11-07

    The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners' acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented. 12 figs., 49 tabs.

  16. Petroleum marketing monthly, February 1994

    Energy Technology Data Exchange (ETDEWEB)

    1994-02-25

    The Petroleum Marketing Monthly is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiner`s acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

  17. Petroleum marketing monthly, August 1993

    Energy Technology Data Exchange (ETDEWEB)

    1993-08-10

    The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

  18. PRICE DISCRIMINATION THROUGH GROUP BUYING

    OpenAIRE

    2016-01-01

    This paper argues that when consumers are heterogeneous in group-buying costs, a monopolist seller may practice price discrimination through inducing certain consumers to participate in group buying. In contrast to the standard model, the optimal quantity/quality level for low valuation consumers without group buying is further distorted downward, whereas the levels for other consumers are socially optimal. Inducing group buying is more favorable when the proportion of high valuation consumer...

  19. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas;

    drugs, generics, and parallel imports with health care expenditures and producer revenues decreasing and co-payments increasing most for branded drugs. The reform also induced consumers to substitute from branded drugs – for which they have strong preferences – to generics and parallel imports......Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...... that while our estimated consumer compensating variation is small, the reform led to substantial reductions in list and reference prices as well as co-payments, and to sizeable decreases in overall producer revenues, health care expenditures, and co-payments. These effects differ markedly between branded...

  20. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas;

    2014-01-01

    drugs, generics, and parallel imports with health care expenditures and producer revenues decreasing and co-payments increasing most for branded drugs. The reform also induced consumers to substitute from branded drugs – for which they have strong preferences – to generics and parallel imports......Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...... that while our estimated consumer compensating variation is small, the reform led to substantial reductions in list and reference prices as well as co-payments, and to sizeable decreases in overall producer revenues, health care expenditures, and co-payments. These effects differ markedly between branded...

  1. Consumer choice and suggested price for pork as influenced by its appearance, taste and information concerning country of origin and organic pig production

    DEFF Research Database (Denmark)

    Dransfield, E.; Ngapo, T.M.; Nielsen, Niels Asger

    2005-01-01

    Reactions of consumers to the appearance and taste of pork with and without information concerning outdoor production of pigs were tested in France, Denmark, Sweden and UK. Consumers in all four countries focussed on colour and fatness rather than marbling and drip to make their choice. Almost half...... of the British and Danish preferred the paler and the French the darker pork. Most people preferred the leaner pork. When information was provided in the form of labels, the vast majority of consumers preferred the pork labelled as originating from their own country as opposed to 'imported' and that labelled...

  2. Real-time Pricing in Power Markets

    DEFF Research Database (Denmark)

    Boom, Anette; Schwenen, Sebastian

    to satisfy demand from retailers acting on behalf of subscribed customers and from consumers with real-time meters. Increasing the number of consumers on real-time pricing does not always increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power...

  3. The Optimality of Consumer Stockpiling Strategies

    OpenAIRE

    Meyer, Robert J.; João Assunção

    1990-01-01

    The ability of consumers to make rational sequential purchase quantity decisions under imperfect knowledge about future prices in a product category is explored. Normatively, a consumer should make such decisions by defining a series of reservation prices which define how many buying-periods' supply should be held given an observed price. An experiment is reported in which consumers make sequential purchase quantity decisions under variations in the shape of the distribution of prices and its...

  4. Vertical price transmission in the Finnish food sector

    OpenAIRE

    Toikkanen, Heini; Niemi, Jyrki

    2014-01-01

    In this study we estimated vertical price transmission in the Finnish food sector by using the Engle-Granger two-staged co-integration method. The results indicate that the producer price of beef and the consumer price of beef roast are co-integrated and that price transmission is quite effective. Liquid milk does not significantly differ from raw milk. However, the consumer price of liquid milk and the producer price of milk do not follow each other. The producer price and consumer prices of...

  5. Food Price Volatility and Decadal Climate Variability

    Science.gov (United States)

    Brown, M. E.

    2013-12-01

    The agriculture system is under pressure to increase production every year as global population expands and more people move from a diet mostly made up of grains, to one with more meat, dairy and processed foods. Weather shocks and large changes in international commodity prices in the last decade have increased pressure on local food prices. This paper will review several studies that link climate variability as measured with satellite remote sensing to food price dynamics in 36 developing countries where local monthly food price data is available. The focus of the research is to understand how weather and climate, as measured by variations in the growing season using satellite remote sensing, has affected agricultural production, food prices and access to food in agricultural societies. Economies are vulnerable to extreme weather at multiple levels. Subsistence small holders who hold livestock and consume much of the food they produce are vulnerable to food production variability. The broader society, however, is also vulnerable to extreme weather because of the secondary effects on market functioning, resource availability, and large-scale impacts on employment in trading, trucking and wage labor that are caused by weather-related shocks. Food price variability captures many of these broad impacts and can be used to diagnose weather-related vulnerability across multiple sectors. The paper will trace these connections using market-level data and analysis. The context of the analysis is the humanitarian aid community, using the guidance of the USAID Famine Early Warning Systems Network and the United Nation's World Food Program in their response to food security crises. These organizations have worked over the past three decades to provide baseline information on food production through satellite remote sensing data and agricultural yield models, as well as assessments of food access through a food price database. Econometric models and spatial analysis are used

  6. Influences Of Product, Price, And Location On Customer Satisfaction Rabbani In Langsa, Aceh

    OpenAIRE

    Amilia, Suri; Rini, Endang Sulistya; Lubis, Arlina Nurbaity

    2016-01-01

    Rabbani is a brand of ins tan hijab, released by Amry Gunawan and Nia Kurnia since 1991. Rabbani product sales decreased due to maximum customer satisfaction and consumers demand has not increased in certain months only. The aim of the research was to know and to analyze influences product; price,and place on customer satisfaction. The theory used in this research was the theory of marketing management which was related to product, price, place, and customer satisfaction. The type...

  7. Pricing strategies in online & offline retailing

    OpenAIRE

    Gruber, Gottfried

    2008-01-01

    The thesis deals with pricing strategies for multichannel retailers, especially traditional stores which additionally manage an online shop. The problem of integrating two sales channels and applying a well-suited pricing strategy is still an emergent question. This work develops a stochastic model to represent consumer behavior on pricing. On the one hand the model contains two probability functions which render consumers' reservation prices for each individual channel. On the other hand the...

  8. 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.

  9. Price Adjustment in Costa Rica: A First Assessment Using Micro-Data

    Directory of Open Access Journals (Sweden)

    Alberto José Vindas Quesada

    2014-11-01

    Full Text Available This article explores the pricing adjustment process in Costa Rica, taking a deeper look into the micro-data that make up the Consumer Price Index for the period 2006-2013. The basic question asks if this process resembles time-dependent picing models, or if it resembles more a state-dependent process. This is done analysing a series of random effects regressions to explore the relations between inflation rate, frequency of pricing adjustments and their average magnitude. The main conclusions are that 1 there is considerable heterogeneity between product categories, 2 price decreases follow a very stable pattern that does not depend on the overall inflation rate, 3 the average size of the price increases is influenced by a very small magnitude by the inflation rate, 4 the proportion of prices increasing each month is strongly positively correlated with the inflation rate, and 5 state-dependent specifications fit better these facts.

  10. Electricity Pricing Policy Should Serve Macro-Economic Control

    Institute of Scientific and Technical Information of China (English)

    Zhao Xiaoping

    2005-01-01

    The National Development and Reform Commission beefed up its efforts to promote the work of electricity price reform in 2004. It took measures in aspects of easing price contradictions, tentatively implementing discriminated price and time-of-use price and issuing a policy on the linkage of coal and electricity prices and price administration. In 2005 the basic thinking of the Commission's electricity price reform is to actively advance the pilot work of price reform,carry out the reform of transmission and distribution price, enlarge the scope of pilot work of large consumer's direct purchase, simplify sales price structure and bring about the linkage of coal and electricity prices.

  11. 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

  12. EMPIRICAL GENERALIZATIONS ABOUT THE IMPACT OF ADVERTISING ON PRICE SENSITIVITY AND PRICE

    NARCIS (Netherlands)

    KAUL, A; WITTINK, DR

    1995-01-01

    Consumers' sensitivities to price changes are an important input to strategic and tactical decisions. It has been argued that price sensitivities depend on factors such as advertising Prior studies on the effect of advertising on consumer price sensitivity have found seemingly conflicting results. W

  13. EMPIRICAL GENERALIZATIONS ABOUT THE IMPACT OF ADVERTISING ON PRICE SENSITIVITY AND PRICE

    NARCIS (Netherlands)

    KAUL, A; WITTINK, DR

    1995-01-01

    Consumers' sensitivities to price changes are an important input to strategic and tactical decisions. It has been argued that price sensitivities depend on factors such as advertising Prior studies on the effect of advertising on consumer price sensitivity have found seemingly conflicting results.

  14. Real-time Pricing in Power Markets

    DEFF Research Database (Denmark)

    Boom, Anette; Schwenen, Sebastian

    We examine welfare eects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with nal consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price auction...... to satisfy demand from retailers acting on behalf of subscribed customers and from consumers with real-time meters. Increasing the number of consumers on real-time pricing does not always increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power...

  15. Real-time Pricing in Power Markets

    DEFF Research Database (Denmark)

    Boom, Anette; Schwenen, Sebastian

    We examine welfare e ects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with nal consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price auction...... to satisfy demand from retailers acting on behalf of subscribed customers and from consumers with real-time meters. Increasing the number of consumers on real-time pricing does not always increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power...

  16. 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

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

    NARCIS (Netherlands)

    Wedel, M; Leeflang, PSH

    1998-01-01

    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 pri

  18. Petroleum marketing monthly: August 1998, with data for May 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-08-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: Summary Statistics; Crude Oil Prices; Prices of Petroleum Products; Volumes of Petroleum Products; and Prime Supplier Sales Volumes of Petroleum Products for Local Consumption. 7 figs., 50 tabs.

  19. Petroleum marketing monthly, November 1998, with data for August 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-11-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: Summary statistics; Crude oil prices; Prices of petroleum products; Volumes of petroleum products; and Prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  20. Petroleum marketing monthly, September 1998, with data for June 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-09-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  1. Petroleum marketing monthly, December 1998 with data for September 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-12-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; and prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  2. Petroleum marketing monthly, July 1999, with data for April 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-07-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: initial estimates; summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; and prime supplier sales volumes of petroleum products for local consumption. 7 figs., 70 tabs.

  3. Petroleum marketing monthly, July 1998 with data for April 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-07-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; and prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  4. Petroleum marketing monthly, October 1998, with data for July 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-10-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: Summary statistics; Crude oil prices; Prices of petroleum products; Volumes of petroleum products; and Prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  5. Petroleum marketing monthly, June 1998, with data from March 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-06-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products and prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  6. Petroleum marketing monthly, May 1998, with data for February 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-05-01

    The Petroleum Marketing Monthly (PMM) provides Information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  7. Petroleum marketing monthly, January 1999 with data for October 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-01-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; and prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

  8. The true Price of Chocolate?

    NARCIS (Netherlands)

    Ingram, V.J.; Chocoloney, T.

    2015-01-01

    Chocolate prices generally do not incorporate many of the environmental and social externalities, costs which are incurred as the main ingredients such as cocoa and sugar move from farms, to factories to consumers. Nor do prices reflect the benefits of non-conventional production and alternative mod

  9. The Influence of Price Difference and Equity Sensitivity on Customer Satisfaction in a Dynamic Pricing Environment

    National Research Council Canada - National Science Library

    Susan K Harmon; David A Foote

    2003-01-01

    This study investigates consumer reactions to a dynamic pricing situation. The results show that satisfaction with a transaction is impacted by knowledge of the price others paid for the same product...

  10. Controlling Electricity Consumption by Forecasting its Response to Varying Prices

    DEFF Research Database (Denmark)

    Corradi, Olivier; Ochsenfeld, Henning Peter; Madsen, Henrik

    2013-01-01

    electricity consumption using a one-way price signal. Estimation of the price-response is based on data measurable at grid level, removing the need to install sensors and communication devices between each individual consumer and the price-generating entity. An application for price-responsive heating systems......In a real-time electricity pricing context where consumers are sensitive to varying prices, having the ability to anticipate their response to a price change is valuable. This paper proposes models for the dynamics of such price-response, and shows how these dynamics can be used to control...

  11. Tourism Equilibrium Price Trends

    Directory of Open Access Journals (Sweden)

    Mohammad Mohebi

    2012-01-01

    Full Text Available Problem statement: A review of the tourism history shows that tourism as an industry was virtually unknown in Malaysia until the late 1960s. Since then, it has developed and grown into a major industry, making an important contribution to the country's economy. By allocating substantial funds to the promotion of tourism and the provision of the necessary infrastructure, the government has played an important role in the impressive progress of the Malaysian tourism industry. One of the important factors which can attract tourists to Malaysia is the tourism price. Has the price of tourism decreased? To answer this question, it is necessary to obtain the equilibrium prices as well as the yearly trend for Malaysia during the sample period as it will be useful for analysis of the infrastructure situation of the tourism industry in this country. The purpose of the study is to identify equilibrium tourism price trends in Malaysian tourism market. Approach: We use hotel room as representative of tourism market. Quarterly data from 1995-2009 are used and a dynamic model of simultaneous equation is employed. Results: Based on the result during the period of 1995 until 2000, the growth rate of the equilibrium price was greater than consumer price index and producer price index. Conclusion: In the Malaysian tourism market, new infrastructure during this period had not been developed to keep pace with tourist arrivals.

  12. 电子商务环境下消费者退货定价决策及协调机制%Pricing Decision and Coordination Research on Consumer Returns under E-commerce Environment

    Institute of Scientific and Technical Information of China (English)

    申成然

    2013-01-01

    The pricing problem for a supply chain system composed of a supplier and one online retailer under E-commerce environment is discussed.Two consumer returns processing modes are considered:processing returns by the manufacturer (M-mode) or by the retailer (R-mode).Based on game theory,the optimal price,the optimal return price,and optimal profits of the supply chain are analyzed.The difference of two modes is compared with numerical simulation.Results show that R-mode is better than M-mode under E-commerce environment.By the use of revenue-and-expense sharing contracts,the coordination of supply chain about consumer returns can be achieved and enhance supply chain profit and customer utility.%构建了电子商务环境下单一制造商和单一网络零售商的供应链系统,考虑两种消费者退货处理模式:制造商处理模式(M模式)和网络零售商处理模式(R模式).通过博弈理论,求得两种模式下最优销售价格、退货价格及供应链各方利润.结合数值算例,比较分析了两种退货处理模式的差异及优劣.结果表明,在电子商务环境下,网络零售商处理退货要优于制造商处理退货.最后,通过设计收益分享-费用分担契约,实现了考虑消费者退货的供应链系统的整体协调,同时提高了制造商和零售商的利润及消费者效应.

  13. Petroleum marketing monthly, September 1994

    Energy Technology Data Exchange (ETDEWEB)

    1994-09-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum product sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

  14. Studying the Effects of Negative and Positive Perceptions of Price on Price Mavenism

    Directory of Open Access Journals (Sweden)

    Hossein Vazifedoost

    2013-04-01

    Full Text Available Despite the importance of price mavens, little empirical research exists on understanding its theoretical and marketing drivers; especially in different cultural contexts Buyers in Iran often communicate positive and negative purchasing experiences through Word-of-Mouth (WOM, which creates special problems and opportunities for marketers. Price mavenism, which is associated with price-information searching and price-sharing behavior, is often considered as negative dimension of price. The purpose of this study, however, is to propose price mavenism as an outcome variable arising from both positive perceptions of price (prestige sensitivity and negative perceptions (price and value consciousness. For this purpose structured questionnaire was developed to collect data and totaling 206 questionnaires of Iranian consumers were analyzed. The conceptual model was tested using structural equation modeling. This study found that prestige sensitivity, price consciousness and value consciousness shaped price mavenism among the Iranians, supporting the idea that price mavenism arises from both positive and negative perceptions of price.

  15. Price Discrimination

    OpenAIRE

    Armstrong, Mark

    2008-01-01

    This paper surveys recent economic research on price discrimination, both in monopoly and oligopoly markets. Topics include static and dynamic forms of price discrimination, and both final and input markets are considered. Potential antitrust aspects of price discrimination are highlighted throughout the paper. The paper argues that the informational requirements to make accurate policy are very great, and with most forms of price discrimination a laissez-faire policy may be the best availabl...

  16. Transfer Pricing

    DEFF Research Database (Denmark)

    Nielsen, Søren Bo

    2014-01-01

    Against a background of rather mixed evidence about transfer pricing practices in multinational enterprises (MNEs) and varying attitudes on the part of tax authorities, this paper explores how multiple aims in transfer pricing can be pursued across four different transfer pricing regimes. A MNE h...

  17. Third-Degree Price Discrimination Revisited

    Science.gov (United States)

    Kwon, Youngsun

    2006-01-01

    The author derives the probability that price discrimination improves social welfare, using a simple model of third-degree price discrimination assuming two independent linear demands. The probability that price discrimination raises social welfare increases as the preferences or incomes of consumer groups become more heterogeneous. He derives the…

  18. Monopoly price discrimination with constant elasticity demand

    OpenAIRE

    Aguirre Pérez, Iñaki; Cowan, Simon George

    2013-01-01

    This paper presents new results on the welfare e¤ects of third-degree price discrimination under constant elasticity demand. We show that when both the share of the strong market under uniform pricing and the elasticity di¤erence between markets are high enough,then price discrimination not only can increase social welfare but also consumer surplus.

  19. Monopoly price discrimination with constant elasticity demand

    OpenAIRE

    Aguirre Pérez, Iñaki; Cowan, Simon George

    2013-01-01

    This paper presents new results on the welfare e¤ects of third-degree price discrimination under constant elasticity demand. We show that when both the share of the strong market under uniform pricing and the elasticity di¤erence between markets are high enough,then price discrimination not only can increase social welfare but also consumer surplus.

  20. 设立“金融知识普及月” 加强金融消费者保护%Setting up Financial Literacy Month and Strengthening Financial Consumer Protection

    Institute of Scientific and Technical Information of China (English)

    郭新明

    2012-01-01

    金融消费者教育是金融消费者保护的第一道防线,是金融消费者保护的重要内容和手段。本文研究分析了国外金融消费者教育的主要经验和做法,阐述了人民银行西安分行开展金融消费者教育的实践。在此基础上,建议设立“金融知识普及月”,构建提升全民金融素质的长效机制,加强金融消费者保护。%The financial consumer education is the first line of defense of financial consumer protection, and is the important con- tent and instrument of financial consumer protection. The paper studies the experience and practices of financial consumer education in foreign countries, and expatiates on the practices of financial consumer education carried out in Xi' an Branch PBC. On the basis of above analysis, the paper suggests that the govemment should set up "Financial Literacy Month" in China and construct a long-term and effective mechanism of improving national financial quality to strengthen financial consumer protection.

  1. Monthly energy review, January 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-01-01

    This report presents an overview of recent monthly energy statistics. Major activities covered include production, consumption, trade, stocks, and prices for fossil fuels, electricity, and nuclear energy.

  2. Consumers Networks and Search Equilibria

    NARCIS (Netherlands)

    A. Galeotti

    2004-01-01

    textabstractI examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the effect of endogenous consumers externalitie

  3. Preço pago pelo consumidor de carne bovina nas diferentes regiões econômicas do Rio Grande do Sul, Brasil Price paid by beef meat consumers from different economic regions of Rio Grande do Sul, Brazil

    Directory of Open Access Journals (Sweden)

    Vicente Celestino Pires Silveira

    2009-07-01

    characterized by the presence of various industrial sectors and large urban concentration. Consumer preferences are directly influenced by age, income, level of education, patterns of mobility and personal taste. The aim of this study was to verify price behaviour of different beef cuts. The research was done through a monthly data collection in supermarkets, during the periods of 2006/2007 and 2007/2008, considering the price of different beef cuts in eleven cities. The lowest and highest prices of beef cuts were verified in the Southern half and in the Northeast, respectively, which is probably due to the fact that one is the main producer and the other is the main consumer. Another important result is that the highest price variation in beef cuts also happened in these regions. Thus, when there is a higher demand than supply, the first to receive these impact on price are these regions.

  4. Optimizing Household Chlorination Marketing Strategies: A Randomized Controlled Trial on the Effect of Price and Promotion on Adoption in Haiti.

    Science.gov (United States)

    Ritter, Michael; Camille, Eveline; Velcine, Christophe; Guillaume, Rose-Kerline; Lantagne, Daniele

    2017-07-01

    Household water treatment can reduce diarrheal morbidity and mortality in developing countries, but adoption remains low and supply is often unreliable. To test effects of marketing strategies on consumers and suppliers, we randomized 1,798 households in rural Haiti and collected data on purchases of a household chlorination product for 4 months. Households received randomly selected prices ($0.11-$0.56 per chlorine bottle), and half received monthly visits from sales agents. Each $0.22 drop in price increased purchases by 0.10 bottles per household per month (P sales agents increased purchases at mid-range prices; however, the additional revenue did not offset visit cost. Choosing the lowest price and conducting visits maximizes chlorine purchase, whereas slightly raising the retail price and not conducting visits maximizes cost recovery. For the equivalent cost, price discounts increase purchases 4.2 times as much as adding visits at the current retail price. In this context, price subsidies may be a more cost-effective use of resources than household visits, though all marketing strategies tested offer cost-effective ways to achieve incremental health impact. Decisions about pricing and promotion for health products in developing countries affect health impact, cost recovery, and cost-effectiveness, and tradeoffs between these goals should be made explicit in program design.

  5. Dynamic pricing models for electronic business

    Indian Academy of Sciences (India)

    Y Narahari; C V L Raju; K Ravikumar; Sourabh Shah

    2005-04-01

    Dynamic pricing is the dynamic adjustment of prices to consumers depending upon the value these customers attribute to a product or service. Today’s digital economy is ready for dynamic pricing; however recent research has shown that the prices will have to be adjusted in fairly sophisticated ways, based on sound mathematical models, to derive the benefits of dynamic pricing. This article attempts to survey different models that have been used in dynamic pricing. We first motivate dynamic pricing and present underlying concepts, with several examples, and explain conditions under which dynamic pricing is likely to succeed. We then bring out the role of models in computing dynamic prices. The models surveyed include inventory-based models, data-driven models, auctions, and machine learning. We present a detailed example of an e-business market to show the use of reinforcement learning in dynamic pricing.

  6. Prices and heterogeneous search costs

    NARCIS (Netherlands)

    Luis Moraga-Gonzalez, Jose; Sandor, Zsolt; Wildenbeest, Matthijs R.

    2017-01-01

    We study price formation in a model of consumer search for differentiated products in which consumers have heterogeneous search costs. We provide conditions under which a pure-strategy symmetric Nash equilibrium exists and is unique. Search costs affect two margins-the intensive search margin (or se

  7. Forecast of Consumer Price Index Based on VAR%基于VAR的居民消费价格指数预测

    Institute of Scientific and Technical Information of China (English)

    张涵; 范晔

    2012-01-01

    我国经济增长自2010年一季度创造出新一轮经济增长周期高点以后,2011年全年至2012年一季度一直呈现出缓慢下降态势。但居民消费价格指数在大幅上涨后仍高位运行,抑制通货膨胀的压力依然很大。2012年能否实现预期的通货膨胀控制目标?仍需要采取一系列宏观调控措施。为了解决这些问题,本文运用向量自回归(VAR)模型,对当前的经济周期态势和物价波动形态以及影响因素进行探讨和分析,同时采用误差修正和向量自回归等计量模型对居民消费价格指数等经济指标走势进行预测和分析,并在此基础上对下一步的宏观调控提出政策建议。%After reaching the peak of an economic cycle since the first quarter of 2010, the economic growth of China has been gradually slowing down from 2011 to the first quarter of 2012. Nevertheless, the CPI is still running high after a sharply growth, which strengthens the pressure of inflation control. Whether the government can achieve the expected inflation control purpose depends on a series of macro-control measures and their execution affect. In or- der to explore the answer and the solution of these puzzles scientifically, this article proposes to use the vector auto re- gression (VAR) model to analyze the trend of the current economic cycle, the price fluctuation morphology, and the in- fluence factors. It also proposes to predict and analyze economic indicators such as the CPI with the error correction and vector autoregressive model. Basing on these studies and researches, this article tries to make some macro-control policy recommendations to solve the problems.

  8. Price Changes with Different Types of Consumer Behavior--A Study Based on Consumer Behavior from the Perspective of the Generalized Virtual Economy%房价变动与不同类型的居民消费行为--基于广义虚拟经济视角的消费行为考察

    Institute of Scientific and Technical Information of China (English)

    靳涛; 黄信灶

    2014-01-01

    国内外已经有许多关于房价波动与居民消费的关系的文献,但是不同的学者却得出了截然相反的答案。本文基于广义虚拟经济视角针对居民财富禀赋对消费影响的心理效应来考察,通过是否拥有住房及是否有购买住房的意愿,将居民分为三种类型,并分别建立动态方程,考察房价变动与政府货币政策对居民消费的影响,发现不同类型的居民对房价上涨的影响是不同的。因此要研究房价变动是否能引起居民消费的变动,关键看各个类型居民的比重。同样,政府实行扩张性的货币政策并不一定能促进居民消费,不同类型居民的消费受货币政策的影响也是不同的。随着拥有住房居民的比例越大,房价上涨能引起居民消费的增加。%The price fluctuation and the relationship between the residents' consumption has the domestic and foreign literature, but different scholars have come to the opposite answer. In this paper, from the per-spective of psychological effect of generalized virtual economy based on the wealth effect on consumption of resources, the ownership and whether there is a willingness to purchase a home, the residents will be divided into three types, and the dynamic equations are established, the influence of changes in prices and govern-ment monetary policy on consumption, found that different types of residents the different effects on housing prices. So to research whether the house price changes can cause the consumer changes, the key to see various types of residents proportion. Similarly, the government to implement expansionary monetary policy does not necessarily promote consumption, the impact of different types of residents' consumption by monetary policy is different. With the greater proportion of housing residents, housing prices can cause the increase of residents' consumption.

  9. Nonparametric Autoregression Model on Consumer Price Index%居民消费价格指数的非参数自回归模型

    Institute of Scientific and Technical Information of China (English)

    代洪伟; 凌能祥

    2012-01-01

    The nonparametric autoregression model was established using the data of Chinese consumer pr/ce index in 2004 -2008. The OLS estimation, the orthogonal sequence estimation and spline est/mation were used to estimate the regressive function respectively. The result showed that the nonparametric model is superior to linear models and in the three estimation methods, the orthogonal sequence estimation is the best. Finally, the simulated and predicted results were eomoared with those oresented by LIU Chun - van based on ARIMA model.%利用我国2004年-2008年的居民消费价格指数数据,建立非参数自回归模型,并分别用线性最小二乘方法、正交序列方法和多项式样条方法进行了拟合和预测.结果表明,非参数模型优于线性模型;在三种估计方法中,正交序列估计方法优于其他两种方法.最后将模拟、预测的结果和刘春燕等建立的基于ARIMA模型模拟、预测的结果进行了比较.

  10. Petroleum marketing monthly: September 1996, with data for June 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-09-01

    The Petroleum Marketing Monthly provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Detailed statistics for crude oil, including the price of imported crude oil by country of origin, by gravity, and by crude stream. To aid the reader in determining the market changes, the majority of the tables show data for the report month and previous months for the current year, and the report month for the previous year. 7 figs., 50 tabs.

  11. Optimal dynamic pricing for deteriorating items with reference-price effects

    Science.gov (United States)

    Xue, Musen; Tang, Wansheng; Zhang, Jianxiong

    2016-07-01

    In this paper, a dynamic pricing problem for deteriorating items with the consumers' reference-price effect is studied. An optimal control model is established to maximise the total profit, where the demand not only depends on the current price, but also is sensitive to the historical price. The continuous-time dynamic optimal pricing strategy with reference-price effect is obtained through solving the optimal control model on the basis of Pontryagin's maximum principle. In addition, numerical simulations and sensitivity analysis are carried out. Finally, some managerial suggestions that firm may adopt to formulate its pricing policy are proposed.

  12. DEMAND AND PRICES

    Directory of Open Access Journals (Sweden)

    VĂDUVA MARIA

    2014-08-01

    Full Text Available Studying the consumer’s behavior by the ordinal approach of utility with the help of indifference curves allows us to deduce the two “movement laws of demand” in this chapter: the demand for a “normal” good is decreasing function of its price and an increasing function of income. We will use the elasticity concept to measure the intensity of the relation that is established between the demand, on the one hand, and prices or income, on the other hand: elasticity – price, direct and crossed, and elasticity – income. We can classify the goods in many categories, depending on the values that this elasticity takes. The demand elasticity can be determined depending on price and income. It reflects the proportion in which the demand for different products changes with the modification of the consumers’ income, the other factors remaining constant. The elasticity compared to the income is a demonstration of legality from the consumer’s sphere, which determines a certain hierarchy of the needs of each population category in a certain level of income. The movement of prices orients both the options and decisions of producers, namely the most useful productions and the most efficient investments, as well as the consumers’ options and decisions on the most advantageous buying of goods and services that they need. The prices appear as a “signal system” coordinating and making coherence the economic agents’ decisions – producers, consumers and population.

  13. Trends in manufacturer prices of brand name prescription drugs used by older Americans--first quarter 2004 update.

    Science.gov (United States)

    Gross, David J; Schondelmeyer, Stephen W; Raetzman, Susan O

    2004-06-01

    This Issue Brief reports on changes in manufacturers' prescription drug prices during the first three months of 2004 (January through March) for the brand name prescription drugs most widely used by Americans age 50 and over. This report is the first quarterly update in an ongoing study of changes in drug manufacturer prices-that is, manufacturers' prices charged for drugs they sold to wholesalers. A baseline study published in May 2004 by the AARP Public Policy Institute identified steady increases in the average annual manufacturer price from calendar year 2000 through calendar year 2003. This report's focus is on changes in the prices that brand name drug manufacturers charge to wholesalers for sales to retail pharmacies. The manufacturer's charge to wholesalers is the most substantial component of a prescription drug's retail price. When there is an increase in the manufacturer price to wholesalers for a brand name drug, this added cost is generally passed on as a similar percent change in the retail price to most prescription purchasers. The report presents three measures of price change (see methodological appendix). The first set of findings are annual rates of change in manufacturers' prices for widely used brand name drugs, using both rolling average and point-to-point estimates; information is presented on percentage change in manufacturer price and on potential dollar changes in consumer spending. The second set of findings are three-month percentage changes in prices (i.e., changes from December 31, 2003 through March 31, 2004); the distribution of percentage price changes is shown, as well as differences in average percentage price changes by manufacturer and by therapeutic category.

  14. SECOND ROUND EFFECTS AND PASS-THROUGH OF FOOD PRICES TO INFLATION IN KENYA

    Directory of Open Access Journals (Sweden)

    Roseline Nyakerario Misati

    2015-07-01

    Full Text Available In the recent past, the Kenyan economy experienced persistent inflationary pressures, partly attributed to food price spikes. However, the quantitative role of food prices in inflation is not well understood or formally empirically analyzed in Kenya yet food occupies a weight of 36 percent in the consumer price index and contributes a monthly average of over 40 percent to overall inflation. Based on monthly data covering the period 1997-2012, this paper attempts to fill this gap by examining the relationship between food prices and inflation. The study used gap models and Phillips curve approaches to estimate the passthrough effects of food prices to both overall inflation and non-food non-fuel inflation. Based on gap models, the results confirm presence of second round effects from food prices to inflation while estimations of the Phillips curve suggest a domestic food price pass-through of 0.49 to overall inflation and 0.38 to non-food non-fuel inflation. The world food prices pass-through to overall inflation and non-food non-fuel inflation are estimated at 0.09 and 0.08, respectively. Thus this paper recommends usage of headline inflation to estimate trend inflation, enhanced communication to mitigate second round effects and that while monetary policy is very critical in anchoring inflationary expectations, there is mutual gain from a supportive fiscal policy in addressing supply side shocks.

  15. Creative pricing strategies for medical services.

    Science.gov (United States)

    Tellis, G J

    1987-01-01

    This paper discusses the strategic role of the pricing of medical services. Strategic pricing is a creative process that can be a vital means of defining marketing segments, differentiating services, and gaining a competitive advantage. The central issue in strategic pricing is creatively using the principle of cross-subsidies or shared economies over consumer groups, service sets, or competitors. This principle yields a rich set of pricing strategies that can be used in response to various environments.

  16. The minimum wage and restaurant prices

    OpenAIRE

    Daniel Aaronson; Eric French; MacDonald, James M.

    2004-01-01

    Using both store-level and aggregated price data from the food away from home component of the Consumer Price Index survey, we show that restaurant prices rise in response to an increase in the minimum wage. These results hold up when using several different sources of variation in the data. We interpret these findings within a model of employment determination. The model implies that minimum wage hikes cause employment to fall and prices to rise if labor markets are competitive but potential...

  17. Regulation of pharmaceutical prices: evidence from a reference price reform in Denmark.

    Science.gov (United States)

    Kaiser, Ulrich; Mendez, Susan J; Rønde, Thomas; Ullrich, Hannes

    2014-07-01

    Reference price systems for prescription drugs constitute widely adopted cost containment tools. Under these regimes, patients co-pay a fraction of the difference between a drug's pharmacy retail price and a reference price that is set by the government. Reference prices are either externally (based on drug prices in other countries) or internally (based on domestic drug prices) determined. We study the effects of a change from external to internal reference pricing in Denmark in 2005. We find that the reform led to substantial reductions in retail prices, reference prices and patient co-payments as well as to sizable decreases in overall producer revenues and health care expenditures. The reform induced consumers to substitute away from branded drugs for which we estimate strong preferences. The increase in consumer welfare due to the reform therefore depends on whether or not we take perceived quality differences into account in its calculation. Copyright © 2014 Elsevier B.V. All rights reserved.

  18. Commercial fish price shock behaviour in Akwa Ibom State ...

    African Journals Online (AJOL)

    Monthly price of low quality fresh fish; high quality fresh fish; low quality dry fish; high ... (fisherman price) and its corresponding urban price alone the food chain. The result confirmed significant short and long run market integration between ...

  19. The Myriad United States Price Indexes and Inflation Measures: A Primer.

    Science.gov (United States)

    Stratford, Jean Slemmons; Stratford, Juri

    1993-01-01

    Describes various inflationary measures, price indexes, and price deflators. Highlights include Bureau of Labor Statistics price indexes, including the Consumer Price Index and the Producer Price Index; Bureau of Economic Analysis price deflators; the Cost of Living Index; and a comparison of measures of inflation. (27 references) (LRW)

  20. Consumer's preferences for organic food in Argentina

    OpenAIRE

    Rodríguez, Elsa Mirta M.; Lacaze, María Victoria

    2005-01-01

    The objective of this paper is to analyze which are the relevant attributes of organic food that influence consumer's choice and also affect the premium price that consumers are willing to pay for them.

  1. Petroleum Marketing Monthly, January 1991. [Contains Glossary

    Energy Technology Data Exchange (ETDEWEB)

    1991-01-09

    The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners' acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented. 12 figs., 55 tabs.

  2. Petroleum marketing monthly, November 1991. [Contains glossary

    Energy Technology Data Exchange (ETDEWEB)

    1991-11-07

    The Petroleum Marketing Monthly is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners' acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented. 12 figs., 53 tabs.

  3. Six Sigma pricing.

    Science.gov (United States)

    Sodhi, ManMohan S; Sodhi, Navdeep S

    2005-05-01

    Many companies are now good at managing costs and wringing out manufacturing efficiencies. The TQM movement and the disciplines of Six Sigma have seen to that. But the discipline so often brought to the cost side of the business equation is found far less commonly on the revenue side. The authors describe how a global manufacturer of industrial equipment, which they call Acme Incorporated, recently applied Six Sigma to one major revenue related activity--the price-setting process. It seemed to Acme's executives that pricing closely resembled many manufacturing processes. So, with the help of a Six Sigma black belt from manufacturing, a manager from Acme's pricing division recruited a team to carry out the five Six Sigma steps: Define what constitutes a defect. At Acme, a defect was an item sold at an unauthorized price. Gather data and prepare it for analysis. That involved mapping out the existing pricing-agreement process. Analyze the data. The team identified the ways in which people failed to carry out or assert effective control at each stage. Recommend modifications to the existing process. The team sought to decrease the number of unapproved prices without creating an onerous approval apparatus. Create controls. This step enabled Acme to sustain and extend the improvements in its pricing procedures. As a result of the changes, Acme earned dollar 6 million in additional revenue on one product line alone in the six months following implementation--money that went straight to the bottom line. At the same time, the company removed much of the organizational friction that had long bedeviled its pricing process. Other companies can benefit from Acme's experience as they look for ways to exercise price control without alienating customers.

  4. Food consumption and food prices in Kenya : a review

    NARCIS (Netherlands)

    Meilink, H.A.

    1987-01-01

    Abr. sum.: This report reviews government policies concerning consumer food prices in Kenya. In respect of official food pricing, Kenya can be said to pursue a 'cheap food' policy. It was found that most foods falling under price control measures showed less price increases than the average rate of

  5. Food consumption and food prices in Kenya : a review

    NARCIS (Netherlands)

    Meilink, H.A.

    1987-01-01

    Abr. sum.: This report reviews government policies concerning consumer food prices in Kenya. In respect of official food pricing, Kenya can be said to pursue a 'cheap food' policy. It was found that most foods falling under price control measures showed less price increases than the average rate of

  6. 7 CFR 1220.115 - Net market price.

    Science.gov (United States)

    2010-01-01

    ... CONSUMER INFORMATION Soybean Promotion and Research Order Definitions § 1220.115 Net market price. The term net market price means— (a) except as provided in paragraph (b) of this section, the sales price, or... 7 Agriculture 10 2010-01-01 2010-01-01 false Net market price. 1220.115 Section 1220.115...

  7. Consumer Behaviour in Online Shopping

    OpenAIRE

    Hasslinger, Anders; Hodzic, Selma; Opazo, Claudio

    2008-01-01

    The Internet has developed into a new distribution channel and online transactions are rapidly increasing. This has created a need to understand how the consumer perceives online purchases. The purpose of this dissertation was to examine if there are any particular factors that influence the online consumer. Primary data was collected through a survey that was conducted on students at the University of Kristianstad. Price, Trust and Convenience were identified as important factors. Price was ...

  8. Gasoline Taxes and Consumer Behavior

    OpenAIRE

    Li, Shanjun; Linn, Joshua; Muehlegger, Erich J.

    2012-01-01

    Gasoline taxes can be employed to correct externalities associated with automobile use, to reduce dependency on foreign oil, and to raise government revenue. Our understanding of the optimal gasoline tax and the efficacy of existing taxes is largely based on empirical analysis of consumer responses to gasoline price changes. In this paper, we directly examine how gasoline taxes affect consumer behavior as distinct from tax-exclusive gasoline prices. Our analysis shows that a 5-cent tax increa...

  9. When do relative prices matter for measuring income inequality? The case of food prices in Mozambique

    DEFF Research Database (Denmark)

    Arndt, Channing; Jones, Edward Samuel; Salvucci, Vincenzo

    2015-01-01

    Changes in relative prices of commodities consumed in different shares across income groups can be expected to alter real income differentials between these groups. Using Mozambican household budget survey and price data from 2002/03 and 2008/09, we show that once relative price increases are acc...

  10. Reducing electricity consumption peaks with parametrised dynamic pricing strategies given maximal unit prices

    NARCIS (Netherlands)

    Höning, N.F.; La Poutré, J.A.; Lopes, F.; Vale, Z.; Sousa, J.; Coelho, H.

    2013-01-01

    Demand response is a crucial mechanism for flattening of peak loads. For its implementation, we not only require consumers who react to price changes, but also intelligent strategies to select prices. We propose a parametrised meta-strategy for dynamic pricing and identify suitable strategies for gi

  11. When do relative prices matter for measuring income inequality? The case of food prices in Mozambique

    DEFF Research Database (Denmark)

    Arndt, Channing; Jones, Edward Samuel; Salvucci, Vincenzo

    2015-01-01

    Changes in relative prices of commodities consumed in different shares across income groups can be expected to alter real income differentials between these groups. Using Mozambican household budget survey and price data from 2002/03 and 2008/09, we show that once relative price increases are acc...

  12. The price facade: Symbolic and behavioral price cues in service environments

    NARCIS (Netherlands)

    Verhoeven, Joost W.M.; Rompay, van Thomas J.L.; Pruyn, Ad Th.H.

    2009-01-01

    Although the role of price expectations in predicting consumer behavior has been widely acknowledged, little is known about the way in which price expectations depend on environmental elements in hospitality settings. We propose that restaurant guests base price expectations on (1) perceptions of cu

  13. Optimal public rationing and price response.

    Science.gov (United States)

    Grassi, Simona; Ma, Ching-To Albert

    2011-12-01

    We study optimal public health care rationing and private sector price responses. Consumers differ in their wealth and illness severity (defined as treatment cost). Due to a limited budget, some consumers must be rationed. Rationed consumers may purchase from a monopolistic private market. We consider two information regimes. In the first, the public supplier rations consumers according to their wealth information (means testing). In equilibrium, the public supplier must ration both rich and poor consumers. Rationing some poor consumers implements price reduction in the private market. In the second information regime, the public supplier rations consumers according to consumers' wealth and cost information. In equilibrium, consumers are allocated the good if and only if their costs are below a threshold (cost effectiveness). Rationing based on cost results in higher equilibrium consumer surplus than rationing based on wealth.

  14. Transfer Pricing

    DEFF Research Database (Denmark)

    Rohde, Carsten; Rossing, Christian Plesner

    trade internally as the units have to decide what prices should be paid for such inter-unit transfers. One important challenge is to uncover the consequences that different transfer prices have on the willingness in the organizational units to coordinate activities and trade internally. At the same time...

  15. Pricing Options.

    Science.gov (United States)

    Tenopir, Carol

    1998-01-01

    Presents results of a recent survey of over 100 public and academic libraries about pricing options from online companies. Most options fall into three categories: pay-as-you-go, fixed-rate, and user-based. Results are discussed separately for public and academic libraries and for consortial discounts. Trends in pricing options preferred by…

  16. 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 genera......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...... 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....... The main contribution of this paper is to quantify volatility patterns of electricity price, as penetration level of wind power increases. Results explain a direct relationship between wind penetration and electricity price volatility in a quantitative manner....

  17. Petroleum marketing monthly, March 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-03-10

    This report for March 1995, provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly. A glossary is included.

  18. Evaluation of energy, protein, and selected micronutrient density of homemade complementary foods consumed by children between 6 months and 23 months in food insecure woredas of Wolayita zone, Southern Ethiopia

    Directory of Open Access Journals (Sweden)

    Abeshu MA

    2016-09-01

    Full Text Available Motuma Adimasu Abeshu,1,2 Abdulaziz Adish,3 Gulelat D Haki,4 Azeb Lelisa,5 Bekesho Geleta6 1John Snow, Inc, 2Addis Ababa University, Center for Food Science and Nutrition, 3Micronutrient Initiative Africa, Addis Ababa, Ethiopia; 4Department of Food Science and Technology, University of Botswana, Gaborone, Botswana; 5Micronutrient Initiative Ethiopia, 6Ethiopian Public Health Institute, Addis Ababa, Ethiopia Abstract: Complementary feeding should be timely, adequate, and given in a way that is appropriate for the age of the child, applying responsive feeding to fill the gap between what is provided by breastfeeding and the total nutritional requirements of the infant. The purpose of this study was to assess nutrient composition and evaluate adequacy of observed nutrient densities (energy, protein, calcium [Ca], iron [Fe], and zinc [Zn] in homemade complementary foods for children of age 6–23 months, in comparison to the desired levels in food insecure woredas of the Wolayita zone, Southern Ethiopia. A cross-sectional weighed food record method was used to assess the energy and micronutrient compositions of homemade complementary foods and evaluate adequacy of observed nutrient densities in relation to the desired levels. Multistage sampling was used to locate the children. Observation and measurement of complementary food preparations throughout the day was made. Representative portions from the diets were sampled for further laboratory analysis and to evaluate adequacy of observed nutrient levels. More than 20 different complementary food types (mostly an extension of family foods prepared from various food items were observed. Dietary diversity of the foods was very poor. The average dietary diversity score was only 2.54, while animal-source foods and vitamin A-rich fruits and vegetables were virtually absent. The energy and protein compositions of the diets, however, were sufficient. Energy density of 0.92 kcal/g, 1.24 kcal/g, and 1.41

  19. Honolulu Retail Monitoring Price Data Collection (2007-2011)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This database contains a time series of consumer-level prices for a sample of retail markets in Honolulu between 2007-2011. Data include weekly prices for fish...

  20. Analysis of consumer behavior at chocolate purchase

    Directory of Open Access Journals (Sweden)

    Dagmar Kozelová

    2014-02-01

    Full Text Available At food purchase consumer is affected by several factors. In this work analysis of consumer behavior at chocolate purchase was performed involving 277 respondents. Statistical testing of results was performed by Chi - Square statistic, correlations have been tested with use of the Cramer's coefficient. It was found, that 86% of respondents consume chocolate. Factors affecting respondents at purchase were recommendations of friends, acquaintances (32%, brand of chocolate (24%, price (16%, personal experience (12%, health restrictions and allergies (11%. Less important factors when choosing chocolates are flavor (4%, nutritional quality (3%, country of origin (2% and chocolate packaging (1%. In the consumption of chocolate moderate correlation among various categories of economic activity of respondents was confirmed. Chocolate was consumed mainly by respondents whose monthly income ranges from 801 to 1001 €. We found that consumers prefer milk chocolate followed by dark and white at the end. In terms of gender the most commonly was chocolate consumed by women, once to three times a week. The same frequency of chocolate consumption dominates at the categories of students and employee. Expenses frequently spent to buy chocolates were from 1-3 € per week by young people (18-23 years and middle age generation of people (46-55 years. Normal 0 21 false false false CS JA X-NONE

  1. The development in energy consumption, price sensitivity and allocation of power; Utviklingen i stroemforbruket, prisfoelsomheten og stroemmarkedet

    Energy Technology Data Exchange (ETDEWEB)

    Halvorsen, Bente

    2012-11-15

    This report discusses the development in energy consumption in households, service industries, primary industries and other small industries, both in the short run (hour to hour, day by day) and over a longer period, back to the 1960. The report discusses the main driving forces behind this development, as well as the demand price sensitivity and its role in the allocation of power between customers and over time. The analysis shows that for the short-term fluctuations in consumption from hour to hour, the temperature of the main driver, while price changes have less influence. For the long-term trend, however, changes in relative energy prices are a key driver, along with population and income growth. Even if the short term price sensitivity is low for end-users, it may still have a big influence on the short-term clearance of the market (from hour to hour), as it affects the short term price sensitivity in the spot market. The long-term price elasticities in the retail markets is more important for determining consumption over a time period, and is important in allocating energy resources over time in the spot market, e.g. over the winter months. Empirical analyses show that the Norwegian demand responds to price changes, both in the short term in the spot market and in the longer term in the retail market. It takes a few weeks before the price signals from spot market affects the consumer prise for most end-users, but by then, most of the price signal has been transmitted. It also follows from the analysis that it is important to let prices vary between regions of the market in the event of scarcity, so customers in regions where shortages occur, have the incentive to change their demand. The faster these price signals affect consumer prices, the more efficient the market will be able to handle a tight power situation.(Author)

  2. Ethical aspect price decision making

    Directory of Open Access Journals (Sweden)

    Grubor Aleksandar

    2007-01-01

    Full Text Available Price decision making in a marketing program framework creatings is a complicated and delicated part of marketing management, especially to keep in sight culminating of mass external factors. In a market economies price policy as a marketing mix instrument rarely is regulated by the law, which opening the ethical aspect questions of price decision making process. The ethics in the price decision making means consideration of the inner law of the individual (marketing managers and/or consumers, whose irreverence does not entail any juridical sanctions, rather its application is sanctioned by the self - awareness. The acception and stability of the ethical aspect price decision making are determined by the characteristic of selected marketing environment.

  3. Price increase

    CERN Multimedia

    2006-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced, as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  4. Price increase

    CERN Multimedia

    2005-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  5. The Dynamics of Price and Advertising as Signals of Quality

    OpenAIRE

    Musa Ayar

    2007-01-01

    A monopolist introduces a new product of either low or high quality. It advertises to make consumers aware of the product and signals product quality using both price and advertising. When consumption does not re- veal product quality, price is higher and advertising is lower than they would be if product quality is observable. Price rises and advertising falls as the fraction of aware consumers increases. When consumption reveals product quality, price is higher and advertising is lower than...

  6. The Dynamics of Price and Advertising as Signals of Quality

    OpenAIRE

    Musa Ayar

    2007-01-01

    A monopolist introduces a new product of either low or high quality. It advertises to make consumers aware of the product and signals product quality using both price and advertising. When consumption does not re- veal product quality, price is higher and advertising is lower than they would be if product quality is observable. Price rises and advertising falls as the fraction of aware consumers increases. When consumption reveals product quality, price is higher and advertising is lower than...

  7. Reference pricing with endogenous generic entry.

    OpenAIRE

    Kurt R. Brekke; Canta, Chiara; Straume, Odd Rune

    2015-01-01

    In this paper we study the effect of reference pricing on pharmaceutical prices and ex-penditures when generic entry is endogenously determined. We develop a Salop-type model where a brand-name producer competes with generic producers in terms of prices. In the market there are two types of consumers: (i) brand biased consumers who choose between brand-name and generic drugs, and (ii) brand neutral consumers who choose between the different generic drugs. We find that, for a given number of ...

  8. How may consumer policy empower consumers for sustainable lifestyles?

    DEFF Research Database (Denmark)

    Thøgersen, John

    , if a consumer wants to buy organic food or environment-friendly detergents, limited distribution and premium pricing put restrictions on his or her opportunities for doing so. However, how severely these restrictions are felt depends on the individual consumer's financial and time resources and sometimes...

  9. Tradeoffs between Price and Quality: How a Value Index Affects Preference Formation.

    Science.gov (United States)

    Creyer, Elizabeth H.; Ross, William T., Jr.

    1997-01-01

    Some of a group of 143 consumers were given a choice between higher-priced, higher-quality items and items with lower price and quality but higher value index (benefit/cost tradeoff); others were given price and quality information only. Consumers were more likely to choose lower-priced, higher-value options when the index information was…

  10. INFLUENCING FACTORS OF PRICE AND ASSOCIATED STRATEGIES

    OpenAIRE

    Liviu NEAMTU; NEAMTU Adina Claudia

    2012-01-01

    The price is an important element in product position; it is a means of sending signals to consumers about the nature and quality of the product. When, for a certain business environment, the demand curve is known in relation to market (competition) costs and prices, the firm can choose a pricing policy simultaneously with business strategy. This study synthesizes the key-factors occurring in choosing a business strategy and the game of price and cost on the market As an approach to pricing p...

  11. Energy prices hex consumers, officials / Ksenia Repson

    Index Scriptorium Estoniae

    Repson, Ksenia

    2005-01-01

    Kütusehinna rekordiline tõus 45 sendi võrra ületab oodatava inflatsiooni ning toob kaasa hinnatõusud ka kõigis teistes kütusest sõltuvates majandusharudes. Majandusminister Edgar Savisaar hoiatas, et elektrienergia hind võib kümne aasta jooksul tõusta kuni 50%

  12. Energy prices hex consumers, officials / Ksenia Repson

    Index Scriptorium Estoniae

    Repson, Ksenia

    2005-01-01

    Kütusehinna rekordiline tõus 45 sendi võrra ületab oodatava inflatsiooni ning toob kaasa hinnatõusud ka kõigis teistes kütusest sõltuvates majandusharudes. Majandusminister Edgar Savisaar hoiatas, et elektrienergia hind võib kümne aasta jooksul tõusta kuni 50%

  13. Price setting in the euro area: some stylised facts from individual producer price data

    OpenAIRE

    Vermeulen, Philip; Dias, Daniel; Dossche, Maarten; Gautier, Erwan; Hernando, Ignacio; Sabbatini, Roberto; Stahl, Harald

    2007-01-01

    This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following five stylised facts emerge consistently across countries. First, producer prices change infrequently: each month around 21% of prices change. Second, there is substantial cross-sector heterogeneity in th...

  14. An Empirical Analysis of Odd Pricing Using PSM Data

    OpenAIRE

    Okuse, Yoshiyuki

    2016-01-01

    It is evident in our daily lives that most consumer goods are not sold at the just price, but rather at the just-below price. To examine the effect of odd pricing, including just-below pricing, numerous empirical studies have been conducted. In spite of these efforts, a consistent conclusion has not been obtained so far.The goals of this research are: (1) to examine the existence of the effect of odd pricing on consumers' price acceptance using PSM analysis, and (2) to examine the mechanisms ...

  15. PRICING STRATEGY USED AS A TOOL FOR BUILDING CUSTOMER SATISFACTION IN THE RETAIL SECTOR

    Directory of Open Access Journals (Sweden)

    Toma Sorin

    2010-12-01

    Full Text Available The purpose of this article is to highlight the importance of pricing strategy in the retail sector and the power of their influence on consumer behavior. Merchants should consider the price generates perceptions and can influence consumer behavior and buying customers. They must also understand how to participate in the price of consumer satisfaction.

  16. New Round of Petroleum Products Price Adjustment

    Institute of Scientific and Technical Information of China (English)

    Hu Wenxiu

    2009-01-01

    @@ Background On December 18,2008,a new petroleum products pricing mechanism was carried out in China.According to the Procedure for the Administration of Oil Price(Trial)issued last month by National Development and Reform Commission,if the moving average price for crude oil in international market changes more than4% in 22 consecutive working days,the prices for gasoline and diesel in domestic market can be adjusted accordingly.

  17. Effects of coal prices on merchandise prices in China

    Institute of Scientific and Technical Information of China (English)

    Ding Zhihua; Zhou Meihua; Liu Yan

    2011-01-01

    Coal is the principal form of energy used in China.Hence,coal price variations are expected to have some influence on merchandise prices.Monthly data from January,2002,to October,2010,were used to construct a varying-parameter state space model,and an error correction model,to estimate the influence of coal prices on Chinese merchandise prices.The time lag and the dynamic relationship were determined from the data.A long term equilibrium relationship between coal price and the PPI,and the CPI,can be observed.The long term influence of coal price fluctuations on the PPI is 0.263%.The corresponding value for the CPI is 0.157%.The PPI shows an influence from coal price change in the first period of observation:by eight periods the influence is obvious,after which it diminishes.The effect of coal price change on the CPI is rather weak and has no long term memory.Analysis of variance shows a similar situation.The elasticity coefficient of coal prices on the CPI,or the PPI,fluctuates over the 2002-2004 period.From 2002 to 2007 the influence elasticity on the CPI declined and subsequently levelled off after 2009.

  18. Fair pricing, and pricing paradoxes

    Directory of Open Access Journals (Sweden)

    Barbara Swart

    2016-05-01

    Full Text Available The St Petersburg Paradox revolves round the determination of a fair price for playing the St Petersburg Game. According to the original formulation, the price for the game is infinite, and, therefore, paradoxical. Although the St Petersburg Paradox can be seen as concerning merely a game, Paul Samuelson (1977 calls it a “fascinating chapter in the history of ideas”, a chapter that gave rise to a considerable number of papers over more than 200 years involving fields such as probability theory and economics. In a paper in this journal, Vivian (2013 undertook a numerical investigation of the St Petersburg Game. In this paper, the central issue of the paradox is identified as that of fair (risk-neutral pricing, which is fundamental in economics and finance and involves important concepts such as no arbitrage, discounting, and risk-neutral measures. The model for the St Petersburg Game as set out in this paper is new and analytical and resolves the so-called pricing paradox by applying a discounting procedure. In this framework, it is shown that there is in fact no infinite price paradox, and simple formulas for obtaining a finite price for the game are also provided.

  19. The impact of choice context on consumers' choice heuristics

    DEFF Research Database (Denmark)

    Mueller Loose, Simone; Scholderer, Joachim; Corsi, Armando M.

    2012-01-01

    how a change from a typical price order to a sensory order in wine menus affects consumer choice. We use pre-specified latent heuristic classes to analyse the existence of different choice processes, which begins to untangle the ‘black box’ of how consumers choose. Our findings indicate...... that in the absence of price order, consumers are less price-sensitive, pay more attention to visually salient cues, are less consistent in their choices and employ other simple choice heuristics more frequently than price. Implications for consumer research, marketing and consumer policy are discussed....

  20. Characterising convinced sustainable food consumers

    OpenAIRE

    von Meyer-Höfer, Marie; von der Wense, Vera; Spiller, Achim

    2013-01-01

    The objective of this article is to identify the distinguishing socio-demographic and psychographic features of convinced sustainable consumers in contrast to convinced conventional consumers. Furthermore, it contributes to the sparse literature about tea consumption. This study is based on data collected via an online consumer survey. First respondents took part in a choice experiment with tea varying in its price (four levels) and quality (conventional / organic / fair trade / organic & fai...

  1. What Factors Affect the Prices of Low-Priced U.S. Solar PV Systems?

    Energy Technology Data Exchange (ETDEWEB)

    OShaughnessy, Eric J [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Nemet, Greg [University of Wisconsin-Madison; Wiser, Ryan [Lawrence Berkeley National Laboratory; Darghouth, Naim [Lawrence Berkeley National Laboratory; Barbose, Galen [Lawrence Berkeley National Laboratory; Gillingham, Ken [Lawrence Berkeley National Laboratory; Rai, Varun [Lawrence Berkeley National Laboratory

    2017-08-09

    The price of solar PV systems has declined rapidly, yet there are some much lower-priced systems than others. This study explores the factors that determine prices in these low-priced (LP) systems. Using a data set of 42,611 residential-scale PV systems installed in the U.S. in 2013, we use quantile regressions to estimate the importance of factors affecting the installed prices for LP systems (those at the 10th percentile) in comparison to median-priced systems. We find that the value of solar to consumers-a variable that accounts for subsidies, electric rates, and PV generation levels-is associated with lower prices for LP systems but higher prices for median priced systems. Conversely, systems installed in new home construction are associated with lower prices at the median but higher prices for LP. Other variables have larger price-reducing effects on LP than on median priced systems: systems installed in Arizona and Florida, as well as commercial and thin film systems. In contrast, the following have a smaller effect on prices for LP systems than median priced systems: tracking systems, self-installations, systems installed in Massachusetts, the system size, and installer experience. These results highlight the complex factors at play that lead to LP systems and shed light into how such LP systems can come about.

  2. Possible impacts of the natural gas three-part tariff on the great industrial consumers over 500.000 m{sup 3}/month at the COMGAS distribution area; Possiveis impactos da tarifa trinomial de gas natural nos grandes consumidores industriais acima de 500.000 m{sup 3}/mes na area de concessao da COMGAS

    Energy Technology Data Exchange (ETDEWEB)

    Sant' Ana, Paulo Henrique de Mello; Jannuzzi, Gilberto de Martino; Bajay, Sergio Valdir [Universidade Estadual de Campinas, SP (Brazil)]. E-mails: phsantana@fem.unicamp.br; jannuzzi@fem.uncamp.br; bajay@fem.unicamp.br

    2006-07-01

    The problem of saturation in the natural gas distribution pipelines in Brazil is not urgent, but it's possible to notice the need of reinforcements in some extensions. Price regulation does not consider this problem yet, but it's already predicted the adoption of a three-part tariff considering a contracted capacity for some industrial consumers - industries that buy more than 500.000 m3/month in the COMGAS distribution area. Some industries, like potteries and glass makers, would probably not suffer strong impacts with the implementation of this three-part tariff, since the majority of their manufacturing processes are continuous. Others sectors would probably have negative impacts with the contracted capacity, like pulp and paper, metallurgy and textile industries. The way that industry will manage the contracted capacity is still unknown. Some possibilities are: considering natural gas as one of the variables in the productions' decision; having a 'Back-up' system when the consumption surpass the contracted capacity; switch fuels when total consumption is above 500.000 m{sup 3}/month, so that the company does not fit in the three-part tariff. The three-part tariff has not been published yet, but it's already necessary a sign to the market that this will occur in the near future, so that the companies involved can already create a strategy for the use of natural gas. This signal is already predicted in the Technical Paper number X of CSPE. (author)

  3. Price pass-through and minimum wages

    OpenAIRE

    Daniel Aaronson

    1997-01-01

    A textbook consequence of competitive markets is that an industry-wide increase in the price of inputs will be passed on to consumers through an increase in prices. This fundamental implication has been explored by researchers interested in who bears the burden of taxation and exchange rate fluctuations. However, little attention has focused on the price implications of minimum wage hikes. From a policy perspective, this is an oversight. Welfare analysis of minimum wage laws should not ignore...

  4. Promotion Signal: Proxy for a Price Cut?

    OpenAIRE

    Inman, J Jeffrey; McAlister, Leigh; Hoyer, Wayne D.

    1990-01-01

    Evidence suggests that some consumers react to promotion signals without considering relative price information. We adopt Petty and Cacioppo's Elaboration Likelihood Model (ELM) to explain this behavior in terms of the ELM's peripheral route to pursuasion in which the promotion signal is taken as a cue for a price cut. Experimental results show that low need for cognition individuals react to the simple presence of a promotion signal whether or not the price of the promoted brand is reduced, ...

  5. The Location Model with Reservation Prices

    NARCIS (Netherlands)

    Webers, H.M.

    1996-01-01

    In this paper, we analyze a variant of the standard Hotelling model of spatial competition where firms first choose locations along the line and then, given these locations, compete in prices.Consumers have a finite reservation price and incur a quadratic transportation cost.We show that there exist

  6. Trends in Utility Green Pricing Programs (2005)

    Energy Technology Data Exchange (ETDEWEB)

    Bird, L.; Brown, E.

    2006-10-01

    This report presents year-end 2005 data on utility green pricing programs, and examines trends in consumer response and program implementation over time. The data in this report, which were obtained via a questionnaire distributed to utility green pricing program managers, can be used by utilities to benchmark the success of their green power programs.

  7. Consumer Identity

    OpenAIRE

    Young, Melissa Marie

    2009-01-01

    The purpose of this thesis is to prove that despite consumers' impression that they are alone in deciding their consumption decision they are wrong. Consumers are manipulated on various levels by marketers. It is the marketer who decides what consumer identities should be created. Consumers are persuaded by marketers on different levels beginning with consumers' needs. Marketers begin by appealing to consumer drives, motivations and emotions to persuade their consumers to purchase their brand...

  8. Do higher-priced generic medicines enjoy a competitive advantage under reference pricing?

    Science.gov (United States)

    Puig-Junoy, Jaume

    2012-11-01

    In many countries with generic reference pricing, generic producers and distributors compete by means of undisclosed discounts offered to pharmacies in order to reduce acquisition costs and to induce them to dispense their generic to patients in preference over others. The objective of this article is to test the hypothesis that under prevailing reference pricing systems for generic medicines, those medicines sold at a higher consumer price may enjoy a competitive advantage. Real transaction prices for 179 generic medicines acquired by pharmacies in Spain have been used to calculate the discount rate on acquisition versus reimbursed costs to pharmacies. Two empirical hypotheses are tested: the discount rate at which pharmacies acquire generic medicines is higher for those pharmaceutical presentations for which there are more generic competitors; and, the discount rate at which pharmacies acquire generic medicines is higher for those pharmaceutical forms for which the consumer price has declined less in relation to the consumer price of the brand drug before generic entry (higher-priced generic medicines). An average discount rate of 39.3% on acquisition versus reimbursed costs to pharmacies has been observed. The magnitude of the discount positively depends on the number of competitors in the market. The higher the ratio of the consumer price of the generic to that of the brand drug prior to generic entry (i.e. the smaller the price reduction of the generic in relation to the brand drug), the larger the discount rate. Under reference pricing there is intense price competition among generic firms in the form of unusually high discounts to pharmacies on official ex-factory prices reimbursed to pharmacies. However, this effect is highly distorting because it favours those medicines with a higher relative price in relation to the brand price before generic entry.

  9. Law of One Price and Optimal Consumption-Leisure Choice Under Price Dispersion

    Directory of Open Access Journals (Sweden)

    Sergey MALAKHOV

    2016-03-01

    Full Text Available If the demand under price dispersion is formed by consumers with zero search costs and consumers with positive search costs, the law of one price holds at the equilibrium price level, where the lowest willingness to pay between consumers with zero search costs meets the willingness to accept or to sell of consumers with positive search costs. Consumers with positive search costs maximize their utility with respect to their optimal decisions when marginal losses in labor income during the search are equal to marginal savings on purchase. Optimal decisions move their willingness to accept to the equilibrium price level. Suboptimal decisions of consumers with positive search costs result in willingness to accept below the lowest willingness to pay of consumers with zero search costs and arbitrage takes place. Arbitrage drops down the equilibrium price to the level where willingness to accept of consumers with positive search costs meets the new lowest willingness to pay of consumers with zero search costs and where purchasing decisions of consumers with positive search costs become optimal.

  10. Chinese Autos at Fancy Prices

    Institute of Scientific and Technical Information of China (English)

    LURUCAI

    2003-01-01

    MR. Wang waited two years to buy a car in the expectation that prices would fall on China's entering the WTO. This was not, however, the case. Cars are as costly as ever. Auto trade dealers know all too well the consumer wait-and-see approach to car purchases. One dealer at the

  11. 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....

  12. The Stock Market and the Consumer Confidence Channel in Canada

    OpenAIRE

    Lilia Karnizova; Hashmat Khan

    2010-01-01

    When stock prices rise, so does aggregate consumer spending. A traditional explanation for this phenomenon is based on wealth effects. However, movements of the stock market may affect consumer spending indirectly, by influencing consumer confidence. A bullish stock market may make consumers feel more optimistic about the future of the aggregate economy, and hence increase their spending. This paper investigates the existence of the consumer confidence channel of asset price transmission in C...

  13. Rising Prices of Targeted Oral Anticancer Medications and Associated Financial Burden on Medicare Beneficiaries.

    Science.gov (United States)

    Shih, Ya-Chen Tina; Xu, Ying; Liu, Lei; Smieliauskas, Fabrice

    2017-08-01

    Purpose The high cost of oncology drugs threatens the affordability of cancer care. Previous research identified drivers of price growth of targeted oral anticancer medications (TOAMs) in private insurance plans and projected the impact of closing the coverage gap in Medicare Part D in 2020. This study examined trends in TOAM prices and patient out-of-pocket (OOP) payments in Medicare Part D and estimated the actual effects on patient OOP payments of partial filling of the coverage gap by 2012. Methods Using SEER linked to Medicare Part D, 2007 to 2012, we identified patients who take TOAMs via National Drug Codes in Part D claims. We calculated total drug costs (prices) and OOP payments per patient per month and compared their rates of inflation with general health care prices. Results The study cohort included 42,111 patients who received TOAMs between 2007 and 2012. Although the general prescription drug consumer price index grew at 3% per year over 2007 to 2012, mean TOAM prices increased by nearly 12% per year, reaching $7,719 per patient per month in 2012. Prices increased over time for newly and previously launched TOAMs. Mean patient OOP payments dropped by 4% per year over the study period, with a 40% drop among patients with a high financial burden in 2011, when the coverage gap began to close. Conclusion Rising TOAM prices threaten the financial relief patients have begun to experience under closure of the coverage gap in Medicare Part D. Policymakers should explore methods of harnessing the surge of novel TOAMs to increase price competition for Medicare beneficiaries.

  14. Agricultural commodity prices and oil prices: mutual causation

    OpenAIRE

    McFarlane, Ian

    2016-01-01

    The world market price of many commodities including US corn (maize) peaked sharply in 2008. The US Energy Policy Act (2005) led to a rapid rise in demand for corn ethanol as a partial substitute for gasoline in the USA. In this paper we report analysis of weekly prices of corn, wheat, sugar and crude oil, together with monthly series derived from those and other weekly prices, for two consecutive seven year periods: 1999-2005 and 2006-2012. We find strong evidence of cointegration between pr...

  15. Price Transmission Analysis in Iran Chicken Market

    Directory of Open Access Journals (Sweden)

    Seyed Safdar Hosseini

    2012-12-01

    Full Text Available Over the past three decades vertical price transmissionanalysis has been the subject of considerable attention inapplied agricultural economics. It has been argued that theexistence of asymmetric price transmission generates rents formarketing and processing agents. Retail prices allegedly movefaster upwards than downwards in response to farm level pricemovements. This is an important issue for many agriculturalmarkets, including the Iranian chicken market. Chicken is animportant source of nutrition in Iranian society and many ruralhouseholds depend on this commodity market as a source of income.The purpose of this paper is to analyze the extent, if any,of asymmetric price transmission in Iran chicken market usingthe Houck, Error Correction and Threshold models. The analysisis based on weekly chicken price data at farm and retail levelsover the period October 2002 to March 2006. The results oftests on all three models show that price transmission in Iranianchicken market is long-run symmetric, but short-run asymmetric.Increases in the farm price transmit immediately to the retaillevel, while decreases in farm price transmit relatively moreslowly to the retail level. We conjecture the asymmetric pricetransmission in this market is the result of high inflation ratesthat lead the consumers to expect continual price increases anda different adjustment costs in the upwards direction comparedto the downwards direction for the marketing agents and a noncompetitiveslaughtering industry and that looking for ways tomake this sector of the chicken supply chain more competitivewill foster greater price transmission symmetry and lead towelfare gains for both consumers and agricultural producers.

  16. Price Transparency in the Online Age.

    Science.gov (United States)

    Kaplan, Jonathan L; Mills, Parker H

    2016-05-01

    Plastic surgeons are sometimes hesitant to provide their pricing information online, due to several concerns. However, if implemented right, price transparency can be used as a lead generation tool that provides consumers with the pricing information they want and gives the physician the consumer's contact information for follow-up. This study took place during the author's first year in private practice in a new city. An interactive price transparency platform (ie, cost estimator) was integrated into his website, allowing consumers to submit a "wishlist" of procedures to check pricing on these procedures of interest. However, the consumer must submit their contact information to receive the desired breakdown of costs that are tailored based on the author's medical fees. During that first year, without any advertising expenditure, the author's website received 412 wishlists from 208 unique consumers. Consumers (17.8%) that submitted a wishlist came in for a consultation and 62% of those booked a procedure. The average value of a booked procedure was over US $4000 and cumulatively, all of the leads from this one lead source in that first year generated over US $92,000 in revenue. When compared with non-price-aware patients, price-aware patients were 41% more likely to book a procedure. Price transparency led to greater efficiency and reduced consultations that ended in "sticker shock." When prudently integrated into a medical practice, price transparency can be a great lead generation source for patients that are (1) paying out of pocket for medically necessary services due to a high-deductible health plan or (2) paying for services not typically covered by insurance, such as cosmetic services.

  17. 7 CFR 1126.61 - Computation of producer price differential.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Computation of producer price differential. 1126.61... MARKETING AREA Order Regulating Handling Producer Price Differential § 1126.61 Computation of producer price differential. For each month the market administrator shall compute a producer price differential...

  18. 7 CFR 1032.61 - Computation of producer price differential.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Computation of producer price differential. 1032.61... MARKETING AREA Order Regulating Handling Producer Price Differential § 1032.61 Computation of producer price differential. For each month the market administrator shall compute a producer price differential...

  19. 7 CFR 1001.61 - Computation of producer price differential.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Computation of producer price differential. 1001.61... MARKETING AREA Order Regulating Handling Producer Price Differential § 1001.61 Computation of producer price differential. For each month, the market administrator shall compute a producer price differential...

  20. 7 CFR 1033.61 - Computation of producer price differential.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Computation of producer price differential. 1033.61... MARKETING AREA Order Regulating Handling Producer Price Differential § 1033.61 Computation of producer price differential. For each month the market administrator shall compute a producer price differential...

  1. Sticky price inflation index: An alternative core inflation measure

    OpenAIRE

    Reiff, Ádám; Várhegyi, Judit

    2013-01-01

    We show that in both time-dependent and state-dependent sticky price models, prices of sticky price products (i.e. whose price changes rarely) contain more information about medium term inflation developments than those of flexible price products (i.e. whose price changes frequently). We do this by establishing a novel measure for the extent of forwardlookingness of newly set prices, and showing that it is at least 60% when the monthly price change frequency is less than 15%. This result is r...

  2. When do relative prices matter for measuring income inequality? The case of food prices in Mozambique

    DEFF Research Database (Denmark)

    Arndt, Channing; Jones, Edward Samuel; Salvucci, Vincenzo

    2015-01-01

    Changes in relative prices of commodities consumed in different shares across income groups can be expected to alter real income differentials between these groups. Using Mozambican household budget survey and price data from 2002/03 and 2008/09, we show that once relative price increases...... are accounted for, inequality of real consumption increases substantially. We obtain this result by constructing a price deflator that reflects divergent price dynamics of different product categories. Since the main factors driving this result prevail in other developing countries, it is likely that inequality...

  3. Analysis of the uranium price predicted to 24 months, implementing neural networks and the Monte Carlo method like predictive tools; Analisis del precio del uranio pronosticado a 24 meses, implementando redes neuronales y el metodo de Monte Carlo como herramientas predictivas

    Energy Technology Data Exchange (ETDEWEB)

    Esquivel E, J.; Ramirez S, J. R.; Palacios H, J. C., E-mail: jaime.esquivel@fi.uaemex.mx [ININ, Carretera Mexico-Toluca s/n, 52750 Ocoyoacac, Estado de Mexico (Mexico)

    2011-11-15

    The present work shows predicted prices of the uranium, using a neural network. The importance of predicting financial indexes of an energy resource, in this case, allows establishing budgetary measures, as well as the costs of the resource to medium period. The uranium is part of the main energy generating fuels and as such, its price rebounds in the financial analyses, due to this is appealed to predictive methods to obtain an outline referent to the financial behaviour that will have in a certain time. In this study, two methodologies are used for the prediction of the uranium price: the Monte Carlo method and the neural networks. These methods allow predicting the indexes of monthly costs, for a two years period, starting from the second bimonthly of 2011. For the prediction the uranium costs are used, registered from the year 2005. (Author)

  4. Monthly energy review

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-01

    This document presents an overview of the Energy Information Administration`s (EIA) recent monthly energy statistics. The statistics cover the major activities of U.S. production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors.

  5. Monthly Energy Review

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-05-28

    This publication presents an overview of the Energy information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. Two brief ``energy plugs`` (reviews of EIA publications) are included, as well.

  6. Monthly energy review, August 1993

    Energy Technology Data Exchange (ETDEWEB)

    1993-08-26

    This publication presents information for the month of August, 1993 on the following: Energy overview; energy consumption; petroleum; natural gas; oil and gas resource development; coal; electricity; nuclear energy; energy prices, and international energy.

  7. Monthly Energy Review, July 1992

    Energy Technology Data Exchange (ETDEWEB)

    None

    1992-07-27

    The Monthly Energy Review is prepared by the Energy Information Administration. Topics discussed include: Energy Overview, Energy Consumption, Petroleum, Natural Gas, Oil and Gas Resource Development, Coal, Electricity, Nuclear Energy, Energy Prices, International Energy. (VC)

  8. Monthly energy review, July 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-07-01

    This document presents an overview of recent monthly energy statistics. Activities covered include: U.S. production, consumption, trade, stock, and prices for petroleum, coal, natural gas, electricity, and nuclear energy.

  9. Monthly energy review, August 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-08-01

    This report presents an overview of recent monthly energy statistics. The statistics cover the major activities of U.S. production, consumption, trade, stocks, and prices for petroleum, coal, natural gas, electricity, and nuclear energy.

  10. Monthly energy review, August 1993

    Energy Technology Data Exchange (ETDEWEB)

    1993-08-26

    This publication presents information for the month of August, 1993 on the following: Energy overview; energy consumption; petroleum; natural gas; oil and gas resource development; coal; electricity; nuclear energy; energy prices, and international energy.

  11. Real price and affordability as challenges for effective tobacco control policies: an analysis for Argentina.

    Science.gov (United States)

    Rodríguez-Iglesias, Germán; González-Rozada, Martín; Champagne, Beatriz Marcet; Schoj, Verónica

    2015-02-01

    To describe the evolution of cigarettes' real price and affordability during the last decade in Argentina. To analyze the real price of cigarettes, the weighted average monthly price of a pack of 20 cigarettes was divided by the consumer price index (CPI) from 2004 to 2014. The relative income price (RIP) was evaluated for the same period, defining RIP as the percentage of the income required to buy 100 packs of 20-per-pack cigarettes. The RIP was calculated for first-quartile, median, and third-quartile income groups. The lower the RIP, the higher the affordability. The nominal price of a pack of 20 cigarettes sold in Argentina increased from AR$ 2.24 in March 2004 to AR$ 14.36 in June 2014 (nominal price increase of about 19.7% per year). The real price fell from AR$ 2.24 in March 2004 to AR$ 2.11 in June 2014 (real price drop of about 0.6% per year). Between June 2004 and June 2014, the RIP decreased about 39% for the 3rd quartile income group (from 31.3% to 19.2%), about 42% for the median (from 55.7% to 32.0%), and about 50% for the 1st quartile (from 104.4% to 51.8%). In Argentina, inflation and rising income were greater than growth in cigarette prices. Cigarette affordability increased for each income group, with the highest shifts occurring among the poorest and most vulnerable income earners. The increased affordability of cigarettes might reduce the impact of implemented tobacco control policies.

  12. CONSUMER BEHAVIOR

    Directory of Open Access Journals (Sweden)

    Ilie BUDICA

    2010-03-01

    Full Text Available The study of consumers helps firms and organizations improve their marketing strategies by understanding issues such as: the psychology of how consumers think, feel, reason, and select between different alternatives; the psychology of how the consumer is influenced by his or her environment; the behavior of consumers while shopping or making other marketing decisions; limitations in consumer knowledge or information processing abilities influence decisions and marketing outcome; how consumer motivation and decision strategies differ between products that differ in their level of importance or interest that they entail for the consumer; and how marketers can adapt and improve their marketing campaigns and marketing strategies to more effectively reach the consumer.

  13. The international coffee price and its effect on the retail price\tfor\tthe\tfive\tmain\tcities\tin\tColombia

    Directory of Open Access Journals (Sweden)

    Julio César Alonso Cifuentes

    2016-09-01

    Full Text Available This study examines the relationship between the international coffee price and retail coffee prices in the five main cities in Colombia through cointegration tests, Granger causality tests, and impulse-response functions. The evidence points to the existence of a long-term relationship between the retail prices in the five main cities and the world coffee price. This relationship has a unidirectional causality of international coffee prices to retail coffee prices.The magnitude of the transmission of the international global price remains for 36 months or more for most retail coffee prices.

  14. Pricing products: juxtaposing affordability with quality appeal.

    Science.gov (United States)

    1984-01-01

    Choosing appropriate product prices is 1 of the most crucial steps in creating an effective contraceptive social marketing (CSM) sales campaign. The Social Marketing Forum conducted an informal survey of social marketing project managers, international contractors, and marketing consultants to determine how CSM programs cope with pricing problems and ways to circumvent some obstacles. According to Diana Altman, a family planning consultant, low prices that make products available to needy individuals are more important than the program's self sufficiency, yet if prices are too low, consumers think the products were unusable in the US and thus were dumped on local markets. Other key factors include commercial competition, spiraling inflation rates, and problems with rising prices and retailer/distributor margins. A sampling of per capita gross national products indicates the poverty level of most CSM projects' target market. Consequently, CSM projects must set low pices, regardless of program operating costs. The goal often is to increase the demand and availability for contraceptives. The fact that social marketing products must pass through retail networks to reach consumers complicates the pricing equation. To deal with the problem, India's Nirodh program gives a 25% margin to distributors/wholesalers, compared to 6% offered on most other goods. Retailers also receive a 25% margin, more than double the commercial rate. Once prices are set, increases pose hazards. Local government approval often is a prerequisite and can require lengthy negotiations. Market studies remain a valuable approach to effective pricing, according to PNA's Mallamad and other research consultants. They cite such effective research strategies as test marketing products and asking consumers how prices affect buying habits. Further, CSM projects can jump over some pricing hurdles through creative marketing. An effective pricing strategy alone cannot produce a successful CSM program. Pricing

  15. Monthly energy review, August 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-08-01

    The Monthly Energy Review for the month of August 1997, presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of U.S. production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors.

  16. Promotional Frames' Influence on Price Perceptions of Two Apparel Products.

    Science.gov (United States)

    Stanforth, Nancy; Lennon, Sharron; Shin, Jung Im

    2001-01-01

    A study explored the differences in price perceptions of two apparel products when promotions were framed as either a price discount or a gift-with-purchase. The majority preferred the discount. Results illustrate the importance of promotional framing in forming consumer price perceptions. (Contains 30 references.) (Author/JOW)

  17. The Minimum Wage, Restaurant Prices, and Labor Market Structure

    Science.gov (United States)

    Aaronson, Daniel; French, Eric; MacDonald, James

    2008-01-01

    Using store-level and aggregated Consumer Price Index data, we show that restaurant prices rise in response to minimum wage increases under several sources of identifying variation. We introduce a general model of employment determination that implies minimum wage hikes cause prices to rise in competitive labor markets but potentially fall in…

  18. Second-Degree Price Discrimination: A Graphical and Mathematical Approach

    Science.gov (United States)

    Gotlibovski, Chemi; Kahana, Nava

    2009-01-01

    The authors use a relatively simple diagram accompanied by mathematical analysis to compare two pricing strategies: price-quantity packages and a two-part tariff. This is done both from the monopolist's point of view and from the welfare point of view. The authors show that in the case of two consumer types, the price-quantity packages strategy…

  19. Unit Pricing and Alternatives: Developing an Individualized Shopping Strategy.

    Science.gov (United States)

    Cude, Brenda; Walker, Rosemary

    1985-01-01

    This article offers a new perspective on the teaching of unit pricing in consumer economics classes by identifying ways to teach the costs as well as the benefits of unit pricing and realistic guidelines for suggesting situations in which it is most appropriate. Alternatives to unit pricing will also be explored. (CT)

  20. Promotional Frames' Influence on Price Perceptions of Two Apparel Products.

    Science.gov (United States)

    Stanforth, Nancy; Lennon, Sharron; Shin, Jung Im

    2001-01-01

    A study explored the differences in price perceptions of two apparel products when promotions were framed as either a price discount or a gift-with-purchase. The majority preferred the discount. Results illustrate the importance of promotional framing in forming consumer price perceptions. (Contains 30 references.) (Author/JOW)

  1. Monthly energy review, April 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-04-01

    This report presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of U.S. production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy data. A brief summary of the monthly and historical comparison data is provided in Section 1 of the report. A highlight section of the report provides an assessment of summer 1997 motor gasoline price increases.

  2. Gold Price, Stock Price and Exchange rate Nexus: The Case of India

    OpenAIRE

    Srinivasan P

    2014-01-01

    The paper investigates the causal nexus between gold price, stock price and exchange rate in India through the Autoregressive Distributed Lag (ARDL) bounds testing approach and Granger Causality test. Using monthly time series data, the empirical analysis is carried out for the period from June 1990 to April 2014. Our analysis reveals that gold price and stock price tend to have long-run relationship with exchange rate in India. Besides, there is no evidence of stable long-run cointegration r...

  3. How College Pricing Undermines Financial Aid

    Science.gov (United States)

    Martin, Robert E.; Gillen, Andrew

    2011-01-01

    The primary purpose of government provided student financial aid is to increase college access by bringing the out-of-pocket price of attendance within reach of more students. The basic idea is quite straightforward. If a good or service costs $100 to buy and the government gives consumers a $50 subsidy, then consumers need only spend $50 of their…

  4. Were Things Really So Cheap in the "Good Old Days"? Using Index Numbers to Determine the Meaning of Historical Prices.

    Science.gov (United States)

    Savage, Tom V.; Armstrong, David G.

    1992-01-01

    Presents a method of using the Consumer Price Index to give students an understanding of the meanings of price levels in different historical periods. Demonstrates how to figure the actual price of items in the 1920s and 1930s by converting prices to present value. Argues that consumer goods were not cheaper in the past. (DK)

  5. The association between aggregated and disaggregated stock prices with monetary policy using asymmetric cointegration and error-correction modeling approaches

    Directory of Open Access Journals (Sweden)

    Roohollah Zare

    2015-06-01

    Full Text Available This paper analyzes the association between monetary policy (measured by short-term interest rate and stock prices at the aggregate and disaggregated levels for Malaysia using asymmetric cointegration and error-correction modeling approaches. Estimating the models using monthly data from 1986:1 to 2012:12, results show with the exception of the finance, plantation and consumer products sectors, there is evidences supportive of the long-run relations between monetary policy and stock prices. Further, the aggregate, industrial and properties stock price indices are noted to be asymmetrically cointegrated with monetary policy with the faster adjustment of stock prices when they are below their long-run values.

  6. INCOME AND PRICE AS A BARRIER TO ORGANIC FOOD CHOICE

    OpenAIRE

    Aschemann-Witzel, Jessica; Zielke, Stephan; Thøgersen, John

    2014-01-01

    From the barriers said to potentially hamper the further development of the sector, the consumer demand side and herein the high prices are handled as crucial. We reviewed the literature since 2000 regarding the role of perceived price and income. We find that self-report based studies nearly unequivocally find price is the primary barrier to choice, deviations from this appear to occur when researching organic consumers and developed organic markets. There are mixed findings regarding income...

  7. CONSUMER BEHAVIOR

    OpenAIRE

    Ilie BUDICA; Silvia PUIU; Bogdan Andrei BUDICA

    2010-01-01

    The study of consumers helps firms and organizations improve their marketing strategies by understanding issues such as: the psychology of how consumers think, feel, reason, and select between different alternatives; the psychology of how the consumer is influenced by his or her environment; the behavior of consumers while shopping or making other marketing decisions; limitations in consumer knowledge or information processing abilities influence decisions and marke...

  8. PQ分析法和ABC分类法在医院低值耗材分类管理中的应用%Application of Price-Quantity Analysis and Activity Based Classiifcation in the Classiifcation of Low-Value Medical Consumables

    Institute of Scientific and Technical Information of China (English)

    傅谭娉; 周力

    2014-01-01

    利用PQ分析方法和ABC分类法理论,对某三甲医院的库发型和零购型低值耗材分别进行平均单价、总使用量、累计金额占比、累计数量占比分析,找到需要重点管理的“一类耗材”和可以次要管理的“二类耗材”。针对库发型和零购型一类管理物资,采用各自适宜的管理办法,能将有限的管理资源集中到最需要的地方,既提高了效率,又提高了满意度。%According to the theory of price-quantity (PQ) analysis and activity based classiifcation (ABC), this paper analyzes the average price, total usage amount, proportion of amount and quantity of both warehouse-based and one-to-one purchase low-value consumables in a tertiary hospital, then finds A class consumables which are crucial management objects and B class consumables which need secondary management. For the management of both A class warehouse-based consumables and A class one-to-one purchase consumables, we should use different management methods to make the limited resources focus on where they are needed most, so as to improve work efifciency as well as the degree of satisfaction.

  9. Consumer motivations toward buying local rice: The case of northern Iranian consumers.

    Science.gov (United States)

    Rahnama, Hassan

    2017-07-01

    This research had two purposes. The first aim was to identify Iranian and Non-Iranian rice consumers based on demographic characteristics and examine difference of these features with buying behaviors. The second purpose of study was to investigate consumer's motivation to buy local rice in Iran. The sample were 1500 people (men and women). The data was collected by using questionnaire based on a face-to-face survey. Chi-square, confirmatory factor analysis, and multiple linear regression were applied to assess collected data by a questionnaire survey. Regarding Iranian local rice buyers, 884 people buy local rice. Chi-square test showed that there is a significant difference between gender, having children, and marital status in buying local rice. Habitual Iranian local rice buyers include: female (51%), people who are more than 45 years old (51%), people with children (63%), people who are living urban (61%), married people (48%) and individuals that their monthly income is between 321.5 and 625 Dollars (53%). Regarding non-Iranian rice buyers, 616 people buy it. Also there is a significant difference between gender, location, marital status, and income in buying local rice. For considering consumers motivation toward buying local rice the econometrical model is used. Model had three aspects including; quality aspects (taste, good appearance), economic aspects (price, convenience, consumer's ethnocentrism), and safety aspects (health, not using pesticides and environment protection) and seven subset. The results of analysis indicated that quality aspects, economic aspects and safety aspects have positive effects on buying Iranian local rice. Also, indicative variables including; taste, good appearance, price, convenience, consumer's ethnocentrism, health, not using pesticides and environment have significant effects on buying it. Copyright © 2017 Elsevier Ltd. All rights reserved.

  10. The impact of category prices on store price image formation : An empirical analysis

    NARCIS (Netherlands)

    Da Silva Lourenço, C.J.; Gijsbrechts, E.; Paap, R.

    2015-01-01

    The authors empirically explore how consumers update beliefs about a store's overall expensiveness. They estimate a learning model of store price image (SPI) formation with the impact of actual prices linked to category characteristics, on a unique dataset combining store visit and purchase informat

  11. Older Consumers in Malaysia

    Directory of Open Access Journals (Sweden)

    David R. Phillips

    2007-07-01

    Full Text Available The main objective of this study was to understand the concerns and problems faced by older people in an industrializing middle-income country, Malaysia, in their process of acquiring products to meet their everyday needs. Respondents aged 55 and over were interviewed in eight states throughout Peninsular Malaysia providing 1356 usable questionnaires; two-thirds from urban and one-third from rural areas. Education, health status, and life satisfaction were recorded. Service patronage behaviour was examined for four main categories of commonly-sought consumer goods: groceries, health supplements, apparel, eating outlets, plus selected services (public transport, vacation packages and financial services. The findings showed that older adults in Malaysia are rather discerning consumers. Many respondents are price conscious and have developed consumer attitudes with regard to attitude of staff and assistance rendered. Many display a good ability to discriminate and to select, especially on the basis of price and durability of products and many appear to be acting as effectively as consumers in any other age group.

  12. Stability in Organic Milk Farm Prices: A Comparative Study

    OpenAIRE

    Su, Ye; Brown, Scott; Cook, Michael L.

    2013-01-01

    The organic milk pay price is more stable year round and increases every year. However, the conventional milk price varies within the year and from year to year. As an emerging segment of the milk industry, consumer demand for organic milk is increasing rapidly. The growth in demand relative to supply provides organic milk producers and processors large premiums over the conventional milk price. Many conventional dairy farms have converted to organic operations for the more stable price. The ...

  13. Price indexes for pharmaceuticals used by the elderly

    OpenAIRE

    Thomas, Joseph; Schondelmeyer, Stephen

    1992-01-01

    The analysis presented in this report was undertaken to identify those drug entities that account for a significant proportion of the retail expenditures for prescription drugs used by the elderly. Commercial data bases were used to develop fixed weight Laspeyres price indexes based specifically on drugs used in the elderly population. The indexes provide the capability to analyze price trends for drug groupings that are not possible with the producer price index (PPI) or the Consumer Price I...

  14. 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.

  15. Rent-to-Own: A Consumer Purchasing Alternative.

    Science.gov (United States)

    Stein, Pat; Brown, Judy

    1988-01-01

    Examines rent-to-own, an alternative purchasing method that allows the consumer to rent an item and gain ownership after a specified number of payments. Addresses industry trends, the rent-to-own consumer, pricing structure, and legalities. (JOW)

  16. Explaining purchases of organic meat by Dutch consumers

    NARCIS (Netherlands)

    Verhoef, PC

    2005-01-01

    This study investigates the impact of economic and marketing variables ( quality, price, and distribution), emotions ( fear, empathy, and guilt), social norms, and environment-related variables ( environmental concern, green behaviour, and perceived consumer effectiveness) on Dutch consumers' prefer

  17. Explaining purchases of organic meat by Dutch consumers

    NARCIS (Netherlands)

    Verhoef, PC

    2005-01-01

    This study investigates the impact of economic and marketing variables ( quality, price, and distribution), emotions ( fear, empathy, and guilt), social norms, and environment-related variables ( environmental concern, green behaviour, and perceived consumer effectiveness) on Dutch consumers'

  18. —Does Demand Fall When Customers Perceive That Prices Are Unfair? The Case of Premium Pricing for Large Sizes

    OpenAIRE

    Eric T. Anderson; Duncan I. Simester

    2008-01-01

    We analyze a large-scale field test conducted with a mail-order catalog firm to investigate how customers react to premium prices for larger sizes of women's apparel. We find that customers who demand large sizes react unfavorably to paying a higher price than customers for small sizes. Further investigation suggests that these consumers perceive that the price premium is unfair. Overall, premium pricing led to a 6% to 8% decrease in gross profits.

  19. Informing Consumers about their own Preferences

    OpenAIRE

    Peitz, Martin; Inderst, Roman

    2012-01-01

    We analyze a model of monopolistic price discrimination where only some consumers are originally sufficiently informed about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more consumers become informed, we show that this benefits also those consumers who remain uninformed, as it reduces the firm’s incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers wit...

  20. 煤炭价格波动与电力供应紧张--基于月度数据的经验证据%Fluctuations in Coal Prices and Electricity Shortage ---Evidence based on Monthly Data

    Institute of Scientific and Technical Information of China (English)

    王建林; 赵佳佳

    2013-01-01

    Coal price could have an effect on electricity supply in China , which does not attract most researchers'attention.We analyze the relationship between power supply , coal price and economic growth .Empirical test is applied using the data from October 1996 to May 2012.The result suggests that there is a long-run equilibrium relationship be-tween power supply , coal price and economic growth .Power shortage is a departure from the long-run equilibrium relation-ship.Using bootstrap granger causality testing approach we find a unidirectional Granger causality running from power supply to economic growth , a unidirectional Granger causality running from coal price to power supply and a bidirectional Granger causality between coal price and economic growth .Policy solutions are also discussed in the paper , such as perfection of coal-electricity price link system , monitoring coal price fluctuation and breaking the administrative monopoly in electricity market .%近十年来电力供应紧张一直困扰中国经济,大量文献检验了电力供应与经济增长的关系,而忽视了煤炭价格这一因素。基于1996年10月到2012年5月的月度数据,我们使用了包含煤炭价格的多变量方法进行分析。研究结果显示, Johansen协整检验发现电力供应、煤炭价格和经济增长之间存在长期均衡关系;拔靴Granger因果检验发现,电力供应单向引导经济增长,煤炭价格单向引起电力供应,煤炭价格与经济增长之间存在双向的Granger因果联系。据此,我们建议完善煤电价格联动机制,密切关注煤炭价格波动和打破电力市场行政垄断等。

  1. Position Auctions with Consumer Search

    OpenAIRE

    Susan Athey; Glenn Ellison

    2011-01-01

    This paper examines a model in which advertisers bid for "sponsored-link" positions on a search engine. The value advertisers derive from each position is endogenized as coming from sales to a population of consumers who make rational inferences about firm qualities and search optimally. Consumer search strategies, equilibrium bidding, and the welfare benefits of position auctions are analyzed. Implications for reserve prices and a number of other auction design questions are discussed.

  2. PRICE TRANSMISSION IN SELECTED MALAYSIAN FRUITS MARKETS

    Directory of Open Access Journals (Sweden)

    Fatimah Mohamed Arshad

    2014-01-01

    Full Text Available The market for fresh produce such as fruits in Malaysia is alleged to be inefficient due to poor flow of information between market levels and uncompetitive market particularly at the wholesale and retail levels. Due to these structural problems, pricing efficiency is questionable, in that they are not integrated. This study intends to examine the cointegration and causality relationships between the farm and retail prices in the Malaysian market of fruits. To that end, the bivariate cointegration approach, using Granger causality tests, is applied. The study uses monthly data from January 2000 through December 2010. The results show that there is evidence of long run bidirectional causal relationship between farm and retail prices for banana and watermelon. However, the analysis revealed a long run unidirectional relationship from farm prices to retail prices with no evidence of reverse or feedback causality running from farm price to retail prices for jackfruit and durian.

  3. Petroleum marketing monthly, May 1997 with data for February 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-05-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  4. Petroleum marketing monthly, October 1997 with data for July 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-10-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  5. Petroleum marketing monthly, September 1997 with data for June 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-09-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  6. Petroleum marketing monthly, March 1998, with data for December 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-03-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  7. Petroleum marketing monthly, February 1997 with data for November 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-02-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  8. Petroleum marketing monthly, March 1996 with data for December 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-03-08

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane.

  9. Petroleum marketing monthly, April 1996 with data for January 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-04-02

    The Petroleum Marketing Monthly provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane.

  10. Petroleum marketing monthly, April 1997 with data for January 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-04-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  11. Petroleum marketing monthly, June 1997 with data for March 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-06-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  12. Petroleum marketing monthly, January 1998 with data for October 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-01-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  13. Petroleum marketing monthly, January 1996 with data for October 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-01-04

    The Petroleum Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane.

  14. Petroleum marketing monthly, November 1997 with data for August 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-11-01

    The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. 7 figs., 50 tabs.

  15. Remaking the Elasticity of Consumer Wants

    DEFF Research Database (Denmark)

    Pallesen, Trine; Jenle, Rasmus Ploug

    consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good...

  16. 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.

  17. China Hikes Refined Products Price to Narrow Gap

    Institute of Scientific and Technical Information of China (English)

    Dai Yanling

    2006-01-01

    @@ Rising international prices and China's increasing demand for oil, fueled by the country's fast economic growth, prompted it to hike the price of processed petroleum fuels several times in recent months. The price of gasoline, diesel and aviation kerosene jumped 500 yuan(62.4 U.S. dollars) per ton in late-May. The price increase,the second in the last two months, aims to narrow the gap between international oil prices and domestic prices, a spokesperson with the National Development and Reform Commission (NDRC), the industry watchdog, recently told news media.

  18. Acceptability of GM foods among Pakistani consumers.

    Science.gov (United States)

    Ali, Akhter; Rahut, Dil Bahadur; Imtiaz, Muhammad

    2016-04-02

    In Pakistan majority of the consumers do not have information about genetically modified (GM) foods. In developing countries particularly in Pakistan few studies have focused on consumers' acceptability about GM foods. Using comprehensive primary dataset collected from 320 consumers in 2013 from Pakistan, this study analyzes the determinants of consumers' acceptability of GM foods. The data was analyzed by employing the bivariate probit model and censored least absolute deviation (CLAD) models. The empirical results indicated that urban consumers are more aware of GM foods compared to rural consumers. The acceptance of GM foods was more among females' consumers as compared to male consumers. In addition, the older consumers were more willing to accept GM food compared to young consumers. The acceptability of GM foods was also higher among wealthier households. Low price is the key factor leading to the acceptability of GM foods. The acceptability of the GM foods also reduces the risks among Pakistani consumers.

  19. Price setting behaviour in Denmark: A study of CPI Micro Data 1997-2005

    OpenAIRE

    Hansen, Bo William; Hansen, Niels Lynggård

    2006-01-01

    This paper provides empirical evidence on the degree of price rigidity and price flexibility in Denmark. Our data relies on unpublished data from Statistics Denmark on the Danish CPI. The dataset covers the period 1997-2005 and contains around 2.7 million monthly price records. The paper reveals a substantial amount of heterogeneity in the frequency and size of price adjustments across sectors and products. Most price changes are increases, but price decreases are not uncommon. Price changes ...

  20. Determination of the Price Transmission Mechanism in Iran Dates Market (Application of BV GARCH Model

    Directory of Open Access Journals (Sweden)

    H. Sherafatmand

    2016-10-01

    transmission in dates market bivariate GARCH model was used. Developments of ARCH and GARCH models take into account the nature of the phenomenon Volatility in financial and prices error component regression equations. ARCH model was first introduced by Engle and augmented GARCH model was first introduced by Bollerslev. Due to Conditional variance Heteroscedasticity, ARCH and GARCH models are widely used but little attention has been to this interaction. For this purpose, bivariate GARCH models developed. This study determined the mechanism of price transmission in date's market, over the period 1361: 1-1391: 4 with Diagonal VECH Bivariate GARCH model. Results and Discussion: With the implementation of augmented Dickey-Fuller test, it was found that the time series producer price index and the consumer price index over the period 1361:1-1391:4 are stationary in first difference. In this study, also Hegy test used for stationary of variables. In this test the unit root hypothesis tested with different periods (for the monthly data used in this study up to 12 repetitions will examined. Next, Johansen co-integration test results showed that there was a long-term relationship between the producer price index and the consumer price index. Granger causality test results indicated that there was a one-way causal relationship from consumer price index to producer price index. The results of this study indicated that the producer price index volatility with one lag has a positive and significant impact on its current volatility. As the results indicated, the covariance coefficient is statistically significant, indicating the volatility spillover between the two levels of the market. The spillover of volatility indicated uncertainty in the retail market and in producers market. The results also indicated that a one unit increase in the consumer price index cause an increase in producer price index less than unity (0.003. Conclusions: the price transmission in Dates market is incomplete

  1. Pricing Multi-play Offers under Uncertainty and Competition

    OpenAIRE

    Hélène, Le Cadre

    2007-01-01

    In a mature market, telecommunication operators try to differentiate themselves by marketing bundles offers. In this highly competitive context, operators should anticipate the strategies of their adversaries and guess the consumers' tastes, to maximize their benefits. To price their offers, operators have to deal with deep uncertainties on the other operators' cost structures, strategies, and on the consumers' preferences. We segment the market and estimate the consumers' subjective prices, ...

  2. Do expert ratings or economic models explain champagne prices?

    DEFF Research Database (Denmark)

    Bentzen, Jan Børsen; Smith, Valdemar

    2008-01-01

    Champagne is bought with low frequency and many consumers most likely do not have or seek full information on the quality of champagne. Some consumers may rely on the reputation of particular brands, e.g. "Les Grandes Marques", some consumers choose to gain information from sensory ratings...... of champagne. The aim of this paper is to analyse the champagne prices on the Scandinavian markets by applying a hedonic price function in a comparative framework with minimal models using sensory ratings....

  3. Oil Prices, Exchange Rate and Prices for Agricultural Commodities: Empirical Evidence from Russia

    Directory of Open Access Journals (Sweden)

    D. Burakov

    2016-06-01

    Full Text Available In this paper, we investigate long and short-term impact of changes in oil prices and the exchange rate on prices of seven groups of agricultural products in Russia (buckwheat, grain crops, potatoes, oat, wheat, rye, barley. In this paper, Granger causality approach is applied to test long-run interlinkages with monthly data from January 1999 to October 2015. For testing the response of agricultural prices to sudden shocks in oil prices and exchange rate in the short run, we use impulse-response techniques. The results of impulse response analysis show that agricultural prices are not particularly sensitive to changes in oil prices and the exchange rate of Russian ruble in the short term, except for imported commodities. In the long run, Granger causal relationship between agricultural prices and oil prices is missing, and with exchange rate is observed only in case of imported agricultural goods.

  4. THE PRICE OF ONE SWEET CALORIE

    Directory of Open Access Journals (Sweden)

    Sebastien Buttet

    2015-10-01

    Full Text Available We propose a new measure for food prices to further examine the impact of changes in food prices and real income on individuals’ eating decisions and weight. We calculate price per calorie for food consumed away from home and food consumed at home as the dollar amount spent by households on each food category divided by the number of calories consumed. We use our newly constructed time series for price per calorie as an input into a neoclassical model of eating decisions and weight. Our goal is to propose a quantitative explanation for the increase in calories consumed away from home as well as changes in weight for men and women 1971 and 2006. We find that prices determine the allocation of calories across food types, while income determines the total number of calories consumed and thus individuals' weight. Based on our results, we share the view that taxes on food will impact what people eat but will have limited effect on reducing the population body-mass index or the obesity prevalence

  5. A price index for biomedical research and development.

    Science.gov (United States)

    Holloway, T M; Reeb, J S

    1989-01-01

    Price changes of goods and services used in biomedical research and development have important effects on the costs of conducting research. We summarize the trends suggested by a recently constructed biomedical research and development price index, which measures the effects of price changes on the inputs to biomedical research from 1979 to 1986. The fixed-weighted index uses fiscal year 1984 National Institutes of Health expenditure patterns in developing the weights. The rate of increase shown in the price index peaked in 1981 and slowed in following years. However, in most years, the rate of increase in the price index has exceeded the rate of increase in other major price indexes, such as the consumer price index, the producer price index, and the Gross National Product fixed-weighted price index.

  6. Forecasting of the Egg Price Based on EEMD

    Institute of Scientific and Technical Information of China (English)

    Dan; WANG; Yucheng; HE

    2015-01-01

    In the transitional period of " new normal",the target price is put forward to deepen the reform system of agricultural product price. Egg is the main agricultural product and its price has fluctuated violently in recent years. Setting up a target price for egg will reduce the price fluctuations. This article brings up a three-step agricultural price forecasting model based on EEMD and applies it to the analysis of egg price. It shows that the upward trend can be divided into three stages,and the fluctuation is greater than that of food consumer price in the foreseeable future. The volatility of egg price is bad for the development of the fresh market and stable life of the residents. This article finally puts forward some recommendations.

  7. 76 FR 41602 - Fair Credit Reporting Risk-Based Pricing Regulations

    Science.gov (United States)

    2011-07-15

    ... respective risk-based pricing rules to require disclosure of credit scores and information relating to credit scores in risk-based pricing notices if a credit score of the consumer is used in setting the material.... 1681m(h), to the Fair Credit Reporting Act (FCRA) to address risk-based pricing. Risk-based pricing...

  8. Price formation of the salmon aquaculture futures market

    DEFF Research Database (Denmark)

    Ankamah-Yeboah, Isaac; Nielsen, Max; Nielsen, Rasmus

    2017-01-01

    , the 3-, 4-, 5-, 9- and 12-months futures contracts provide the expected leadership role in the price discovery function, a case that supports a matured market that can be considered a necessary price risk management tool. The mixed finding is an indication of a maturing or near matured futures market......This study examines price formation of the internationally traded salmon futures exchange. Analyzing data from 2006 to 2015, the study identifies the co-integration relationship between the spot market price and 1–6-, 9- and 12-month futures contract prices. With exception of the 12-month maturity...

  9. Natural gas monthly, December 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-01

    The Natural Gas Monthly highlights activities, events, and analyses of interest to public and private sector organizations associated with the natural gas industry. Volume and price data are presented each month for natural gas production, distribution, consumption, and interstate pipeline activities. Producer-related activities and underground storage data are also reported. From time to time, the NGM features articles designed to assist readers in using and interpreting natural gas information. The article this month is entitled ``Recent Trends in Natural Gas Spot Prices.`` 6 figs., 27 tabs.

  10. Monthly energy review, November 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-11-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 61 tabs.

  11. Natural gas monthly, February 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-02-01

    The Natural Gas Monthly (NGM) highlights activities, events, and analyses of interest to public and private sector organizations associated with the natural gas industry. Volume and price data are presented each month for natural gas production, distribution, consumption, and interstate pipeline activities. Producer-related activities and underground storage data are also reported. 6 figs., 28 tabs.

  12. Monthly energy review: April 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-04-01

    This monthly report presents an overview of energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. A section is also included on international energy. The feature paper which is included each month is entitled ``Energy equipment choices: Fuel costs and other determinants.`` 37 figs., 59 tabs.

  13. Monthly energy review, November 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-11-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 91 tabs.

  14. Natural gas monthly, November 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-11-01

    The Natural Gas Monthly (NGM) highlights activities, events, and analyses of interest to public and private sector organizations associated with the natural gas industry. Volume and price data are presented each month for natural gas production, distribution, consumption, and interstate pipeline activities. Producer-related activities and underground storage data are also reported. 6 figs., 27 tabs.

  15. Natural gas monthly, January 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-02-01

    The Natural Gas Monthly (NGM) highlights activities, events, and analyses of interest to public and private sector organizations associated with the natural gas industry. Volume and price data are presented each month for natural gas production, distribution, consumption, and interstate pipeline activities. Producer-related activities and underground storage data are also reported. 6 figs., 28 tabs.

  16. Monthly energy review, October 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-10-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 61 tabs.

  17. Monthly energy review, June 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-06-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 36 figs., 61 tabs.

  18. Monthly energy review, May 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-05-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 61 tabs.

  19. Monthly energy review, January 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-01-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 61 tabs.

  20. Monthly energy review, February 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-02-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 73 tabs.

  1. Monthly energy review, March 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-03-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 74 tabs.

  2. Natural gas monthly, December 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-12-01

    The Natural Gas Monthly (NGM) highlights activities, events, and analyses of interest to public and private sector organizations associated with the natural gas industry. Volume and price data are presented each month for natural gas production, distribution, consumption, and interstate pipeline activities. Producer-related activities and underground storage data are also reported. 6 figs., 28 tabs.

  3. Monthly Energy Review, February 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-02-26

    This monthly publication presents an overview of EIA`s recent monthly energy statistics, covering the major activities of U.S. production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. Two brief descriptions (`energy plugs`) on two EIA publications are presented at the start.

  4. Monthly energy review, November 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-11-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 75 tabs.

  5. Monthly energy review, July 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-07-01

    The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs. 73 tabs.

  6. Gasoline Prices and Motor Vehicle Fatalities

    Science.gov (United States)

    Grabowski, David C.; Morrisey, Michael A.

    2004-01-01

    Fatal motor vehicle crashes per capita remained relatively stable over the 1990s, in spite of new traffic safety laws and vehicle innovations. One explanation for this stability is that the price of gasoline declined, which resulted in more vehicle miles traveled and potentially more fatalities. By using 1983-2000 monthly gasoline price and…

  7. Credit Derivatives and Loan Pricing

    NARCIS (Netherlands)

    Norden, L.; Wagner, W.B.

    2007-01-01

    This paper examines the relationship between the new markets for credit default swaps (CDS) and the pricing of syndicated loans to U.S. corporates. We find that changes in CDS spreads have a significantly positive coefficient and explain about 25% of subsequent monthly changes in aggregate loan spre

  8. Consumers' multifaceted deal knowledge in a grocery retail setting

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup; Bech-Larsen, Tino

    2016-01-01

    of deal price status, typical deal price knowledge, and deal-spotting ability. Results show reasonably stable knowledge of typical deal prices, while knowledge of deal price status and deal-spotting ability improves significantly during grocery shopping. Surprisingly, consumers’ deal knowledge...... is not conditional on purchasing a special thus indicating that most consumers, consciously or unconsciously, scan for promotion signals when shopping groceries. In addition, the results suggest consumers are not easily fooled, as the vast majority is able to spot ‘good’ and ‘bad’ deals, while also possessing...... typical deal price knowledge. Furthermore, the findings suggest that consumers store internal reference deal prices. Retailers are therefore well advised to consider mixed depth and creative discount patterns to prevent ‘perfect’ perceptions of typical deal prices....

  9. Tiered co-payments, pricing, and demand in reference price markets for pharmaceuticals.

    Science.gov (United States)

    Herr, Annika; Suppliet, Moritz

    2017-09-15

    Health insurance companies curb price-insensitive behavior and the moral hazard of insureds by means of cost-sharing, such as tiered co-payments or reference pricing in drug markets. This paper evaluates the effect of price limits - below which drugs are exempt from co-payments - on prices and on demand. First, using a difference-in-differences estimation strategy, we find that the new policy decreases prices by 5 percent for generics and increases prices by 4 percent for brand-name drugs in the German reference price market. Second, estimating a nested-logit demand model, we show that consumers appreciate co-payment exempt drugs and calculate lower price elasticities for brand-name drugs than for generics. This explains the different price responses of brand-name and generic drugs and shows that price-related co-payment tiers are an effective tool to steer demand to low-priced drugs. Copyright © 2017 Elsevier B.V. All rights reserved.

  10. The Weird Vegetable Price

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The Chinese Government faces the task of stabilizing vegetable prices to avoid steep increases and dips Fluctuations of vegetable prices in China have recently caused near panic in the domestic market.Purchase prices for farm produce are decreasing dramatically

  11. Effect of Price Estimate Precision on Pre- and Post-Outcome Satisfaction

    National Research Council Canada - National Science Library

    Melissa Cinelli; Lifeng Yang

    2013-01-01

      Although consumers prefer price estimates provided on a fine-grained scale (Zhang & Schwarz 2012), we find that precise price estimates are only beneficial when the firm is able to deliver the product below estimate...

  12. Petroleum Prices, Taxation and Subsidies in India

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-01

    The current Indian system of effectively subsidised petroleum product prices has significant implications for the emergence of India as a major global energy consumer, for the integrity of India's Central Government budget and for investment in India's growing oil and petroleum sector. This paper is part one of a broader study that looks at the current system of petroleum pricing and the macroeconomic, microeconomic, regional and global effects of this system.

  13. OPEC behavior and world oil prices

    Energy Technology Data Exchange (ETDEWEB)

    Griffin, J.M.; Teece, D.J.

    1986-01-01

    This book addresses the economics of exhaustible resources under monopoly and competition. The conventional wisdom - that oil prices, after hesitation in the early 80's will move upward faster than world inflation - is questioned along with the models supporting these predictions. The prospect that world oil prices may collapse in the near future is treated as a definite possibility. The findings are optimistic for consumers and should serve to reorient energy policy.

  14. How is perceived inflation related to actual price changes in the European Union?

    NARCIS (Netherlands)

    Antonides, G.

    2008-01-01

    We analyze for which types of consumer expenditures the rate of price change influences consumer perception of inflation. We use both harmonized consumer price indices (HCPI) and series of perceived inflation from Eurostat in the 1996¿2006 time period for 13 European countries. After removing

  15. 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...

  16. Collusion in Markets with Imperfect Price Information on Both Sides

    DEFF Research Database (Denmark)

    Schultz, Christian

    The paper considers tacit collusion in markets which are not fully transparent on both sides. Consumers only detect prices with some probability before deciding which firm to purchase from, and each firm only detects the other firm's price with some probability. Increasing transparency on the pro......The paper considers tacit collusion in markets which are not fully transparent on both sides. Consumers only detect prices with some probability before deciding which firm to purchase from, and each firm only detects the other firm's price with some probability. Increasing transparency...

  17. Drug Pricing Reforms

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas

    2015-01-01

    Reference price systems for prescription drugs have found widespread use as cost containment tools. Under such regulatory regimes, patients co-pay a fraction of the difference between pharmacy retail price of the drug and a reference price. Reference prices are either externally (based on drug...... prices in other countries) or internally (based on domestic drug prices) determined. In a recent study, we analysed the effects of a change from external to internal reference pricing in Denmark in 2005, finding that the reform led to substantial reductions in prices, producer revenues, and expenditures...

  18. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...... (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However...

  19. State energy price and expenditure report 1989

    Energy Technology Data Exchange (ETDEWEB)

    1991-09-30

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates for the 50 States, the District of Columbia, and the United States. The estimates are provided by energy source (e.g., petroleum, natural gas, coal, and electricity) and by major consuming or economic sector. This report is an update of the State Energy Price and Expenditure Report 1988 published in September 1990. Changes from the last report are summarized in a section of the documentation. Energy price and expenditure estimates are published for the years 1970, 1975, 1980, and 1985 through 1989. Documentation follows the tables and describes how the price estimates are developed, including sources of data, methods of estimation, and conversion factors applied. Consumption estimates used to calculate expenditures, and the documentation for those estimates, are from the State Energy Data Report, Consumption Estimates, 1960--1989 (SEDR), published in May 1991. Expenditures are calculated by multiplying the price estimates by the consumption estimates, adjusted to remove process fuel and intermediate product consumption. All expenditures are consumer expenditures, that is, they represent estimates of money directly spent by consumers to purchase energy, generally including taxes. 11 figs., 43 tabs.

  20. Consumer Finance

    OpenAIRE

    Peter Tufano

    2009-01-01

    Although consumer finance is a substantial element of the economy, it has had a smaller footprint within financial economics. In this review, I suggest a functional definition of the subfield of consumer finance, focusing on four key functions: payments, risk management, moving funds from today to tomorrow (saving/investing), and from tomorrow to today (borrowing). I provide data showing the economic importance of consumer finance in the American economy. I propose a historical explanation fo...

  1. Real and Distributive Effects of Petroleum Price Liberalization; The Case of Indonesia

    OpenAIRE

    Benedict J. Clements; Sanjeev Gupta; Hong-Sang Jung

    2003-01-01

    The impact of higher petroleum prices on the aggregate price level, real growth, and income distribution is appraised within a multisector computable general equilibrium (CGE) model. A reduction in the government subsidy raises petroleum prices and production costs throughout the economy. Consumer demand, production, and income decline as output prices increase and consumer purchasing power decreases. The model is applied to and calibrated for Indonesia. The simulated results predict a slight...

  2. Determinant Behavior Characteristics of Older Consumers.

    Science.gov (United States)

    Tongren, Hale N.

    1988-01-01

    The behavior variables in 67 studies of marketing and consumer behavior were analyzed; significant variables relevant to satisfying the needs of older consumers were identified. Meta analysis revealed such factors as price consciousness, use of information sources, habituated shopping, and age-related concerns useful in predicting the consumer…

  3. PRICING STRATEGIES – ASPECTS, TYPES AND CHARACTERISTICS

    Directory of Open Access Journals (Sweden)

    Căruntu Roxana Corina

    2011-09-01

    Full Text Available Companies that want to maximize their profits must decide on several elements that influence this aspect. An important role is pricing the product or service offered by the company. In determining the best price for the product, management must take into account several factors such as cost / unit, market characteristics where the product is intended to be placed, consumer needs. Those that make this type of decisions often use price strategies which help enter a particular market. Economists state that there are many types of strategies out of which I will present those strategies that are based on marginal cost, incremental costs, break even and mark-up.

  4. Gold Price, Stock Price and Exchange rate Nexus: The Case of India

    Directory of Open Access Journals (Sweden)

    Srinivasan P

    2014-06-01

    Full Text Available The paper investigates the causal nexus between gold price, stock price and exchange rate in India through the Autoregressive Distributed Lag (ARDL bounds testing approach and Granger Causality test. Using monthly time series data, the empirical analysis is carried out for the period from June 1990 to April 2014. Our analysis reveals that gold price and stock price tend to have long-run relationship with exchange rate in India. Besides, there is no evidence of stable long-run cointegration relationship among stock price and gold price in India. Our empirical findings also indicate that there exists no causality runs from gold price to stock price or vice versa in the short-run. It can be concluded that domestic gold price does not contain any significant information to forecast stock prices in India. The study findings are consistent with Kaliyamoorthy and Parithi (2012 where they found no evidence of causality between the gold price and stock price in India.

  5. 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.

  6. The Comparison of Exchange Rate Pass-through Effect to Domestic Consumer Price Index in China and Russia%汇率变动对国内消费者价格传递效应的中俄比较

    Institute of Scientific and Technical Information of China (English)

    徐昱东; 徐坡岭

    2015-01-01

    基于向量误差修正模型(VECM)实证分析中俄两国本币对美元汇率的变动对国内价格(CPI)的影响,研究发现:中俄两国本币对美元汇率变动对本国国内价格的传递效应存在若干共性和差异性。共性主要表现在两个方面,一是汇率传递的不完全性;二是汇率对国内价格传递程度的绝对值相差无几。差异性方面,一是俄罗斯的汇率传递效应具有明显的非对称性;二是,汇率之外的影响国内价格的因素里面中国受国际价格影响较大,俄罗斯受国内货币供给影响较大。研究结果对判定两国应对外部汇率冲击时的表现、内在机制及其变化趋势具有重要意义,有利于分析两国在2008年金融危机之后推进本币国际化战略过程中遇到的人民币和卢布的竞争与合作问题。%Based on vector error correction model (VECM)empirical analysis of the effect of changes in the Chinese and Russian currency against the dollar on domestic prices (CPI),the study finds:There are several similarities and differences between Chinese and Russian currency exchange rate movements against the dollar pass-through effect on its domestic prices.Similarities can be summarized as two aspects,one is incomplete transfer effect of exchange rate,the other is that the transfer rate on domestic prices remains almost the same degree of ab-solute value.Differences can also be generalized as two points:firstly,Russia's exchange rate pass-through effect has obvious asymmetry;secondly,Chinese domestic prices are influenced greatly by international prices,while Russian domestic prices are influenced severely by the domestic money supply.These results are beneficial to the judgment of external shocks of exchange rate and the internal mechanism and its trends for both countries,contrib-uting to the further research on RMB internationalization strategies and processed competition and cooperation with Russia especially

  7. Fire Sales and House Prices

    DEFF Research Database (Denmark)

    Andersen, Steffen; Meisner Nielsen, Kasper

    We exploit a natural experiment in Denmark to investigate when forced sales lead to fire sale discounts. Forced sales result from sudden deaths of house owners in an institutional environment in which beneficiaries are forced to settle the estate, and hence sell the house, within 12 months. We...... and the urgency of the sale also affect the average discount: Discounts are larger when house prices contract, in thin markets where demand is lower, and when the sale is more likely to be a fire sale because of financial or liquidity constraints. Late fire sales are more likely when the house price...... forced sales lead to fire sale discounts....

  8. 7 CFR 1030.61 - Computation of producer price differential.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Computation of producer price differential. 1030.61... MIDWEST MARKETING AREA Order Regulating Handling Producer Price Differential § 1030.61 Computation of producer price differential. For each month the market administrator shall compute a producer...

  9. 7 CFR 1124.61 - Computation of producer price differential.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Computation of producer price differential. 1124.61... NORTHWEST MARKETING AREA Order Regulating Handling Producer Price Differential § 1124.61 Computation of producer price differential. For each month the market administrator shall compute a producer...

  10. The importance of price for the sale of ecological products

    DEFF Research Database (Denmark)

    Hansen, Jesper Kirkeby; Sørensen, Hans Christian

    1993-01-01

    level for ecological products is indeed a decisive obstacle to the sale of ecological prducts. 2. The survey indicated that the market share for ecological products cannot be increased at the present price level. Hence, there is good reason to focus on the price parameter. 3. An experiment with price...... increase for milk can be estimated at about 6% at a DKK 1.00 price reduction. 4. In general, if prices are lowered, it seems that the market shares will increase noticably, with between 3 and 8% increased market shares per 1.00 DKK reduction depending on the present price level and product type. 5. However......, such results can be obtained only if a store that reduces prices also directs attention to the reduction through heavy in-store marketing. The survey clearly indicated that most consumers have no or little knowledge of the prices of ecological products, and that generally, the investigated p markets...

  11. Inflation impact of food prices: Case of Serbia

    Directory of Open Access Journals (Sweden)

    Šoškić Dejan

    2015-01-01

    Full Text Available Food prices traditionally have an impact on inflation around the world. Movements in these prices are coming more from the supply side, then from the demand side. If treated as a supply shock, monetary policy should not react. However, food prices are part of headline inflation that is an official target for most central banks. Serbia conducts Inflation targeting and faces serious challenges with food price volatility. Food price volatility in Serbia hampers inflation forecasting, and may have a negative influence on inflationary expectations and public confidence in (i.e. credibility of the Central bank, all of crucial importance for success of Inflation targeting. There are several important possible improvements that may decrease volatility of food prices but also limit negative impact of food price volatility on Consumer Price Index (CPI as a measure of inflation. These improvements are very important for success of Inflation targeting in Serbia.

  12. Factors influencing consumer behaviour in market vegetables in Yemen

    Directory of Open Access Journals (Sweden)

    Tarish H. Al-Gahaifi

    2011-01-01

    Full Text Available The purpose of the research is to understand factors influencing consumer behaviour when buying vegetables in Republic of Yemen. Data collection was done by structured questionnaire administered through schools, universities, government offices, and markets from 13 provinces in 5 governorates. Random convenience sampling technique was used. Total sample comprised of 463 completed questionnaires which were used for analysis. The respondents were classified into five categories on the base of their monthly income, age, education, gender, and type of settlement. Authors present the factors that can influence significantly this behaviour, e.g. price, quality, the location of seller, habit, personal relationship between consumer and seller, occasions, discount, sorting, word-mouth, time of purchase, the way of products display, and recommendation of friends and families. From the obtained results, it is obvious that there was high influence on the behaviour of Yemeni consumer when buying vegetables for factors price, occasions, discontent, and time of purchase, while factors habit, display, sorting, and the location of seller suggests medium influence, and the influence was low for word-mouth.

  13. 考虑用户反应的配电公司最优购售电与风险管理策略%Optimal Strategy for Distribution Companies to Purchase and Sell Electricity and Manage Risk Considering Consumers~ Price Elasticity of Demand

    Institute of Scientific and Technical Information of China (English)

    黄海伦; 严正; 杨云益; 文锐; 杨佩娟

    2012-01-01

    以一致性风险指标条件风险值(CVaR)衡量风险,提出一种考虑用户需求价格弹性的配电公司购售电最优策略,以期望售电利润最大化和购电风险最小化为目标,在优化购电结果的同时确定对用户的售电价格.所建立模型是一个随机规划问题,可以通过转化法求解.在此模型中,配电公司通过多种方式购电,如现货市场、远期合约和自备电厂等.仿真结果表明,在考虑售电侧用户的响应及购电侧的现货价格波动后,配电公司的购售电策略更贴近实际情况,为购电商实施购售电综合风险管理提供了一个新的思路.%An optimal strategy for distribution companies to purchase and sell electricity that considering consumers' price elasticity of demand was proposed. Its objective is to maximize the companies' expected sale profit and minimize purchase risks, quantified by CVaR. Moreover, it can optimize the procurement structure and determine the sale price to consumers. Because it is a stochastic programming model, trans-formation method is adopted to solve it. In this model, multiple power supply options are provided, such as spot market, forward contracts, and self-production. The simulation results show that the strategy is very close spot price to at the actual situation as it simultaneously considers the reflection the purchase side. This provides a new frame for distribution grated risk management in electricity procurement and sale. of consumers on sal companies to imple e price and ment inte-grated risk management in electricity procurement and sale.

  14. Consumer Insights

    Institute of Scientific and Technical Information of China (English)

    JANKOT

    2004-01-01

    Fang Jun, the head of consumer and market insights of Unilever Shanghai, has summarized his early life as a market in two sentences: rush about to study market changes;act all day to observe consumer behavior. And now?"Tell stories, conduct interviews and piece together different data; calculate numbers,build models and write reports."

  15. Analysis of Consumer Preferences at Organic Food Purchase in Romania

    Directory of Open Access Journals (Sweden)

    Vietoris Vladimír

    2016-06-01

    Full Text Available The decision-making process of consumers buying organic food is affected by several factors. Because of organic agriculture in Romania is growing, the objective of this paper was to analyze consumer opinions and preferences concerning organic food products in Romania. The survey involved 350 respondents. The respondents were divided into two groups using the Hierarchical multiple factor analysis (HMFA. The strongest reason for buying organic food for Romanian respondents is health care, presented by 42% of respondents. Respondents prefer to buy organic foods directly from the producers, followed by supermarkets, specialized shops and pharmacies. The prevailing price of monthly purchase of organic food is 10 to 20€. The respondents are able to pay for organic food from 5 to 10% more than for conventional food.

  16. Impact of cigarette minimum price laws on the retail price of cigarettes in the USA.

    Science.gov (United States)

    Tynan, Michael A; Ribisl, Kurt M; Loomis, Brett R

    2013-05-01

    Cigarette price increases prevent youth initiation, reduce cigarette consumption and increase the number of smokers who quit. Cigarette minimum price laws (MPLs), which typically require cigarette wholesalers and retailers to charge a minimum percentage mark-up for cigarette sales, have been identified as an intervention that can potentially increase cigarette prices. 24 states and the District of Columbia have cigarette MPLs. Using data extracted from SCANTRACK retail scanner data from the Nielsen company, average cigarette prices were calculated for designated market areas in states with and without MPLs in three retail channels: grocery stores, drug stores and convenience stores. Regression models were estimated using the average cigarette pack price in each designated market area and calendar quarter in 2009 as the outcome variable. The average difference in cigarette pack prices are 46 cents in the grocery channel, 29 cents in the drug channel and 13 cents in the convenience channel, with prices being lower in states with MPLs for all three channels. The findings that MPLs do not raise cigarette prices could be the result of a lack of compliance and enforcement by the state or could be attributed to the minimum state mark-up being lower than the free-market mark-up for cigarettes. Rather than require a minimum mark-up, which can be nullified by promotional incentives and discounts, states and countries could strengthen MPLs by setting a simple 'floor price' that is the true minimum price for all cigarettes or could prohibit discounts to consumers and retailers.

  17. Pricing Strategy in Online Retailing Marketplaces of Homogeneous Goods: Should High Reputation Seller Charge More?

    Science.gov (United States)

    Liu, Yuewen; Wei, Kwok Kee; Chen, Huaping

    There are two conflicting streams of research findings on pricing strategy: one is high reputation sellers should charge price premium, while the other is high reputation sellers should charge relatively low price. Motivated by this confliction, this study examines pricing strategy in online retailing marketplace of homogeneous goods. We conduct an empirical study using data collected from a dominant online retailing marketplace in China. Our research results indicate that, in online retailing marketplace of homogeneous goods, high reputation sellers should charge relatively low price, because the consumers of high reputation sellers are more price sensitive than the consumers of low reputation sellers.

  18. Exporter Price Premia?

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Sørensen, Allan

    -cut prediction on the sign of the exporter price premium. However, the model unambiguously predicts a negative exporter price premium in terms of quality-adjusted prices, i.e. prices per unit of quality. This prediction is broadly borne out in the Danish data: while the magnitude of the premium varies across...

  19. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non...

  20. Impact of the internet on consumers

    OpenAIRE

    Badea, Mihaela; Bogdan PÎRVULESCU

    2014-01-01

    The main purpose of this study is to show the current opportunities, prospects and the impact of the Internet on the consumer. This will be achieved by comparing the behaviour of the British consumer and the Romanian consumer and the changes that appeared under the influence of the Internet. Among the actions undertaken by the Internet marketing, which deals with the promotion of products at a certain price, a concept that has become significant in recent years, there is the placement of prod...

  1. ON THE HIDDEN REVENUE EFFECTS OF WOOL PRICE STABILISATION IN AUSTRALIA: INITIAL RESULTS

    OpenAIRE

    1980-01-01

    A preliminary analysis of demand in eight major OECD wool-consuming countries is used to provide up-to-date estimates of price elasticities of demand for wool. Those elasticities are employed to calculate ex ante market prices, assuming no wool price stabilisation in Australia. The computed ex ante prices are used in a dynamic simulation to estimate demand and, hence, revenue from wool sales to the eight countries in the absence of reserve price operations in Australia. Based on the preferred...

  2. Policy Dilemmas in India - The Impact of Changes in Agricultural Prices on Rural and Urban Poverty

    OpenAIRE

    2008-01-01

    Trade policy reforms which lead to changes in world prices of agricultural commodities or domestic policies aimed at affecting agricultural prices are often seen as causing a policy dilemma : a fall in agricultural prices benefits poor urban consumers but hurts poor rural producers, while a rise yields the converse. Poor countries have argued that they need to be able to use import protection and/or price support policies to protect themselves against volatility in world agricultural prices i...

  3. Policy dilemmas in India: The Impact of changes in agricultural prices on rural and urban poverty

    OpenAIRE

    2008-01-01

    Trade policy reforms which lead to changes in world prices of agricultural commodities or domestic policies aimed at affecting agricultural prices are often seen as causing a policy dilemma: a fall in agricultural prices benefits poor urban consumers but hurts poor rural producers, while a rise yields the converse. Poor countries have argued that they need to be able to use import protection and/or price support policies to protect themselves against volatility in world agricultural prices in...

  4. Price regulation in the Spanish energy sectors: who benefits?

    Energy Technology Data Exchange (ETDEWEB)

    Arocena, Pablo; Contin, Ignacio; Huerta, Emilio [Departamento de Gestion de Empresas, Universidad Publica de Navarra, Campus de Arrosadia. 31006, Pamplona (Spain); [Canterbury Business School, University of Kent Canterbury (United Kingdom)

    2002-08-01

    This paper analyses the distribution of benefits between firms and consumers due to the price regulation of the Spanish energy sectors (electricity, oil fuels and gas) during the decade 1987-1997. To that effect, we compare the actual evolution of energy prices with alternate benchmarks in order to assess the potential existence of a pro-industry or a pro-consumer bias in the pricing policies followed by the regulator. Our results show a pro-industry-biased regulatory context, where consumers benefited very little from price control. The successive price adjustments over time allowed the companies to keep all the productivity gains and cost reductions and to increase their profitability rates relative to those achieved in the manufacturing sector. (Author)

  5. Strategic Transfer Pricing

    OpenAIRE

    Michael Alles; Srikant Datar

    1998-01-01

    Most research into cost systems has focused on their motivational implications. This paper takes a different approach, by developing a model where two oligopolistic firms strategically select their cost-based transfer prices. Duopoly models frequently assume that firms game on their choice of prices. Product prices, however, are ultimately based on the firms' transfer prices that communicate manufacturing costs to marketing departments. It is for this reason that transfer prices will have a s...

  6. Dynamic Pricing Strategy in the Presence of Network Externalities Marketing---Based on Consumer Claim Behavior Perspective%网络外部性产品的动态定价策略--基于消费者索赔行为视角

    Institute of Scientific and Technical Information of China (English)

    颜锦江; 彭盈; 李晓峰

    2015-01-01

    Abstract This paper considers the sale of products with network externality. By using consumers evaluating and expecting about the quality of products,it depicts how the consumer's expectation affects market potential amount.It considers the behavior of consumer rights and the consumer as game principal in the oligopoly market,and by establishing Hamilton relevant model it analyzes the vendor's optimal dynamic pricing and corresponding compensation strategy. The results show that compensation by companies to consumer gradually increases over time,while consumer groups on subjective assessment about the quality of products and sales volume decrease slowly over time and eventually stabilize at a certain level.If companies sustain sales volume only by paying compensation,profits will get less and less as time goes on,so they must rely on technological innovation and improve service quality while getting maximum profits. Finally,a simulation of the key parameters trends over time such as the product price,wholesale price is made,which can guide enterprises to adopt optimal strategy.%考虑所售产品具有网络外部性特征,通过引入消费者对产品质量的评价与预期,刻画消费者预期对市场潜量的影响。在寡头竞争的市场结构中,考虑消费者的维权行为,将消费者作为博弈主体,通过建立相关的Hamilton模型,研究厂商最优动态定价和相应的补偿策略。结果表明,企业对消费者做出的赔偿随着时间的推移逐渐增大,而消费群体对产品质量的主观评价及销量则随着时间的推移慢慢减小并最终稳定在某个水平;仅依靠向消费者进行赔偿的手段维持销量,企业获得的利润将会随着时间的推移越来越低,必须同时依赖技术创新和服务质量的提高,方能使获得的利润最大。最后,通过仿真模拟产品售价、利润、赔偿额度及质量感知等关键参数随时间变化的趋势,为企业采用

  7. Residential water demand with endogenous pricing: The Canadian Case

    Science.gov (United States)

    Reynaud, Arnaud; Renzetti, Steven; Villeneuve, Michel

    2005-11-01

    In this paper, we show that the rate structure endogeneity may result in a misspecification of the residential water demand function. We propose to solve this endogeneity problem by estimating a probabilistic model describing how water rates are chosen by local communities. This model is estimated on a sample of Canadian local communities. We first show that the pricing structure choice reflects efficiency considerations, equity concerns, and, in some cases, a strategy of price discrimination across consumers by Canadian communities. Hence estimating the residential water demand without taking into account the pricing structures' endogeneity leads to a biased estimation of price and income elasticities. We also demonstrate that the pricing structure per se plays a significant role in influencing price responsiveness of Canadian residential consumers.

  8. Consumer protection

    OpenAIRE

    Štěrbová, Alena

    2010-01-01

    77 Resumé This thesis is dedicated to the consumer protection. My reason for the choice of this topic was following. A field of consumer protection is being continually developed. It is complicated for a layman to be well informed about all his rights and duties not only because the Czech legal regulation suffers from a immense fragmentation. Moreover, the implementation of EC directives ( as a source of many provisions protecting a consumer in the Civil Code) into our legal system was carrie...

  9. The influence on consumer price index change of RMB exchange rate ——An analysis based on co-integration and error correction models%人民币汇率变动对我国消费者价格指数的影响——基于协整与向量误差修正模型的分析

    Institute of Scientific and Technical Information of China (English)

    王萧南; 徐璋勇

    2011-01-01

    Correct prediction of the relation between RMB exchange rate and price level is important for the People's Bank of China to adapt appropriate exchange rate policy to achieve price stability.Using the Co-integration and Error Correction Models and taking the monthly data from January 2000 to June 2010 as a sample,the essay empirically analyzes the impact of RMB exchange rate on CPI.The results show that: the effective nominal exchange rate appreciation has a certain disinflation impact on domestic price;based on this,it presents that appropriate flexible RMB appreciation policy should be proposed in order to control the current higher price level,but close attention should be paid on the coordination of the fiscal and monetary policy.%正确预测人民币汇率变动与物价水平的关系,对于人民银行采取适当的汇率政策实现物价稳定具有重要的意义。运用了协整检验与向量误差修正模型的方法,以2000年1月至2010年6月的月度数据为样本,对人民币汇率变动对消费者价格指数的影响进行了实证分析。结果表明:人民币名义有效汇率升值对消费者价格指数上涨有一定的抑制作用;基于此,提出控制目前高居不下的物价水平可以采用适当灵活的人民币升值政策,但要注意与财政货币政策的协调。

  10. Price elasticity of tobacco products among economic classes in India, 2011–2012

    Science.gov (United States)

    Selvaraj, Sakthivel; Srivastava, Swati; Karan, Anup

    2015-01-01

    Objectives The objectives of this study are to: (1) examine the pattern of price elasticity of three major tobacco products (bidi, cigarette and leaf tobacco) by economic groups of population based on household monthly per capita consumption expenditure in India and (2) assess the effect of tax increases on tobacco consumption and revenue across expenditure groups. Setting Data from the 2011–2012 nationally representative Consumer Expenditure Survey from 101 662 Indian households were used. Participants Households which consumed any tobacco or alcohol product were retained in final models. Primary outcome measures The study draws theoretical frameworks from a model using the augmented utility function of consumer behaviour, with a two-stage two-equation system of unit values and budget shares. Primary outcome measures were price elasticity of demand for different tobacco products for three hierarchical economic groups of population and change in tax revenue due to changes in tax structure. We finally estimated price elasticity of demand for bidi, cigarette and leaf tobacco and effects of changes in their tax rates on demand for these tobacco products and tax revenue. Results Own price elasticities for bidi were highest in the poorest group (−0.4328) and lowest in the richest group (−0.0815). Cigarette own price elasticities were −0.832 in the poorest group and −0.2645 in the richest group. Leaf tobacco elasticities were highest in the poorest (−0.557) and middle (−0.4537) groups. Conclusions Poorer group elasticities were the highest, indicating that poorer consumers are more price responsive. Elasticity estimates show positive distributional effects of uniform bidi and cigarette taxation on the poorest consumers, as their consumption is affected the most due to increases in taxation. Leaf tobacco also displayed moderate elasticities in poor and middle tertiles, suggesting that tax increases may result in a trade-off between consumption decline and

  11. The ordinary consumer: the burden of economic sanctions against Russia

    Directory of Open Access Journals (Sweden)

    Nureev Rustem, M.

    2015-09-01

    Full Text Available The main thrust of the paper - an attempt to assess how much the sanctions combined with the drop in oil prices hit the consumers. This paper provides an overview of the sanctions imposed by European Union, the United States and other countries (ban largest organizations in Russia to attract foreign capital of the European Union and the United States. The burden of economic sanctions against Russia for the average consumer is shown on the change in prices for food products, electronic products, analyzed Russian car market, the dynamics of small and medium-sized businesses in Russia. The results of import substitution - the balances of trade of consumer goods in Q1 2015 compared to Q1 2014. Dynamics of demand for electronic goods in the paper discusses the example of the effect of price changes in the popular Russian companies (Apple, Sony, etc. to sales. Rising prices for electronic goods has led Apple to a Giffen’s paradox in late 2014, the higher the price - the more sales. Despite the rapid rise in prices for the company's products (price of products apple Nov. 25 rose by 25% on December 22 for another 35%, sales growth was 80%. This is due to the fact that Russian consumers feared further rise in price of goods and the goods were afraid to lose, which has become for many of them a necessity. Car loans in Q1 2015 compared to Q1 2014 decreased by 4 times, car sales fell by 2 times, import cars from abroad fell almost 2-fold. Especially hard hit small businesses. If in 2013 in Russia was opened 490.7 thous. legal entities, and closed 419 thousand. Then for 11 months in 2014 opened 417.5 ths. legal entities and closed down 483.6 thousand. This means that if in 2013 opening of 70 thousand legal persons more, in 2014 almost 70 thousand legal persons shut more than open. Statistics show that the number of people wishing to sell his business in 2014 increased significantly. In Moscow, for example, in 2014, it was filed with the 14.5 times the

  12. Capture market share, raise prices

    Directory of Open Access Journals (Sweden)

    Robbins RA

    2015-08-01

    Full Text Available No abstract available. Article truncated after 150 words. Two principles in medical economics central to the Affordable Care Act (ACA were dealt blows by recently published studies. The first principle is the belief that economies of scale will result in lower prices. The theory is that larger insurers will have lower prices because they are more administratively efficient. The second principle is that provider-owned health plans, usually hospitals, will reduce premiums. The theory is that by controlling doctors over charging health plans in a fee-for-service model will lower prices. The first study published in Technology Science found that the largest insurer in each of the states served by HealthCare.gov raised their prices in 2015 by an average of over 10 per cent compared to smaller competitors in the same market (1. Those steeper price hikes for monthly premiums did not seem warranted by the level of health claims which did not significantly differ as a percentage of premiums ...

  13. Demand side management in recycling and electricity retail pricing

    Science.gov (United States)

    Kazan, Osman

    This dissertation addresses several problems from the recycling industry and electricity retail market. The first paper addresses a real-life scheduling problem faced by a national industrial recycling company. Based on their practices, a scheduling problem is defined, modeled, analyzed, and a solution is approximated efficiently. The recommended application is tested on the real-life data and randomly generated data. The scheduling improvements and the financial benefits are presented. The second problem is from electricity retail market. There are well-known patterns in daily usage in hours. These patterns change in shape and magnitude by seasons and days of the week. Generation costs are multiple times higher during the peak hours of the day. Yet most consumers purchase electricity at flat rates. This work explores analytic pricing tools to reduce peak load electricity demand for retailers. For that purpose, a nonlinear model that determines optimal hourly prices is established based on two major components: unit generation costs and consumers' utility. Both are analyzed and estimated empirically in the third paper. A pricing model is introduced to maximize the electric retailer's profit. As a result, a closed-form expression for the optimal price vector is obtained. Possible scenarios are evaluated for consumers' utility distribution. For the general case, we provide a numerical solution methodology to obtain the optimal pricing scheme. The models recommended are tested under various scenarios that consider consumer segmentation and multiple pricing policies. The recommended model reduces the peak load significantly in most cases. Several utility companies offer hourly pricing to their customers. They determine prices using historical data of unit electricity cost over time. In this dissertation we develop a nonlinear model that determines optimal hourly prices with parameter estimation. The last paper includes a regression analysis of the unit generation cost

  14. 基于MLR模型的我国城乡居民消费价格指数差异的研究%The Study of the differences of chinese urban and rural residents consumer price index based on the MLR model

    Institute of Scientific and Technical Information of China (English)

    邓海云; 周莹; 和晓萍; 李华梅

    2013-01-01

    基于SPSS应用统计软件,应用Stepwise方法,对我国城乡CPI分别建立MLR模型,同时对比分析城乡CPI中各相关指数的差异,并在此基础上提供相关政策及建议.%SPSS software was used to do multivariate linear regression analysis for chinese urban and rural residents consumer price index.The multivariate linear regression model was built up by using Stepwise method.At the same time,the differences of the two models had been analyzed,Based on this,It can provide relevant policies and suggestions.

  15. Investigating the Effect of Green Marketing Mix on Consumers Green Purchase Decision (Study in Consumers of Shiraz Pegah Dairy Product Company)

    National Research Council Canada - National Science Library

    Habibollah Ranaei Kordshouli; ahmad allahyari bouzanjani

    2012-01-01

    .... Finally, the structural equation modeling was used to examine hypotheses and determined that, each aspects of advertising, distribution and price of green marketing mix on consumer's green purchase...

  16. Analysts : no need to panic over prices / Steven Paulikas

    Index Scriptorium Estoniae

    Paulikas, Steven

    2004-01-01

    Pärast EL-iga liitumist on Balti riikides hinnad tõusnud keskmiselt 5,7%, pankade hinnangul on oodata ka inflatsiooni kiirenemist. Lisa: Thank you, accession: Consumer Price Index, percent increase, year-on-year

  17. Analysts : no need to panic over prices / Steven Paulikas

    Index Scriptorium Estoniae

    Paulikas, Steven

    2004-01-01

    Pärast EL-iga liitumist on Balti riikides hinnad tõusnud keskmiselt 5,7%, pankade hinnangul on oodata ka inflatsiooni kiirenemist. Lisa: Thank you, accession: Consumer Price Index, percent increase, year-on-year

  18. Perceptions of unfairness in price increases: an experimental study

    Directory of Open Access Journals (Sweden)

    Verônica Feder Mayer

    2014-09-01

    Full Text Available This experimental study investigates antecedents and consequences of perceptions of price unfairness in a price increase situation. The proposed theoretical model states that consumer dependence on the service provider as well as the relevance the consumer attributes to the service (for the consumer's life will affect his/her degree of (a unfairness price perception, (b anger, and (c intention to complain and retaliate. The results support all the hypotheses specified in the model. The findings not only indicate that some situations of unfairness price perception lead to stronger emotions and more dramatic reactions from consumers, but also allow us to predict which situations of perceived unfairness offer greater risks and have greater potential for conflict.

  19. Consumer perceptions

    DEFF Research Database (Denmark)

    Ngapo, T. M.; Dransfield, E.; Martin, J. F.

    2004-01-01

    Consumer focus groups in France, England, Sweden and Denmark were used to obtain insights into the decision-making involved in the choice of fresh pork and attitudes towards today's pig production systems. Many positive perceptions of pork meat were evoked. Negative images of the production syste...... ethnocentrism, to assure that such information is targeted to enhance consumer confidence.......Consumer focus groups in France, England, Sweden and Denmark were used to obtain insights into the decision-making involved in the choice of fresh pork and attitudes towards today's pig production systems. Many positive perceptions of pork meat were evoked. Negative images of the production systems...... in use today were expressed, but rationalised in terms of consumer demands, market competition and by comparisons to previous systems of production. Knowledge of production systems appeared of little consequence in terms of any meat market potential as several groups freely remarked...

  20. 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...