WorldWideScience

Sample records for prices technological change

  1. Combined analysis of climate, technological and price changes on future arable farming systems in Europe

    NARCIS (Netherlands)

    Wolf, J.; Kanellopoulos, Argyris; Kros, J.; Webber, H.; Zhao, G.; Britz, W.; Reinds, G.J.; Ewert, F.; Vries, de W.

    2015-01-01

    In this study, we compare the relative importance of climate change to technological, management, price and policy changes on European arable farming systems. This required linking four models: the SIMPLACE crop growth modelling framework to calculate future yields under climate change for arable

  2. Electricity to natural gas competition under customer-side technological change: a marginal cost pricing analysis

    International Nuclear Information System (INIS)

    Gulli', Francesco

    2004-01-01

    This paper aims at evaluating the impact of technological change (on the customer side of the meter) on the network energy industry (electricity and natural gas). The performances of the small gas fired power technologies and the electrical reversible heat pumps have improved remarkably over the last ten years, making possible (or more viable) two opposite technological trajectories: the fully gas-based system, based on the use of small CHP (combined heat and power generation) plants, which would involve a wide decentralisation of energy supply; the fully electric-based system, based on the use of reversible electric heat pumps, which would imply increasing centralisation of energy supply. The analysis described in this paper attempts to evaluate how these two kinds of technological solutions can impact on inter-service competition when input prices are ste equals to marginal costs of supply in each stage of the electricity and natural gas industries. For this purpose, unbundled prices over time and over space are simulated. In particular the paper shows that unbundling prices over space in not very important in affecting electricity to natural gas competition and that, when prices are set equal to long-run marginal costs, the fully electric-based solution (the reversible heat pump) is by far preferable to the fully gas-based solution (the CHP gas fired small power plant). In consequence, the first best outcome of the technological change would involve increasing large power generation and imported (from the utility grid) electricity consumption. Given this framework, we have to ask ourselves why operators, regulators and legislators are so optimistic about the development of the fully gas-based solutions. In this respect, the paper suggests that market distortions (such as market power, energy taxation and inefficient pricing regulation) might have give an ambiguous representation of the optimal technological trajectory, inducing to overestimate the social value

  3. Price, technology, and ore reserves, ch. 2

    International Nuclear Information System (INIS)

    McAllister, A.L.

    1976-01-01

    Factors determining ore reserves in view of future uses are investigated: existing mining technologies, new techniques, price-technology relationship, effects of the use of different energy sources, exploration techniques, and price change are discussed. The effect of price and technology on reserves of specific commodities is dealth with. A section is also devoted to uranium

  4. The Future of Hydropower: Assessing the Impacts of Climate Change, Energy Prices and New Storage Technologies

    Science.gov (United States)

    Gaudard, Ludovic; Madani, Kaveh; Romerio, Franco

    2016-04-01

    The future of hydropower depends on various drivers, and in particular on climate change, electricity market evolution and innovation in new storage technologies. Their impacts on the power plants' profitability can widely differ in regards of scale, timing, and probability of occurrence. In this respect, the risk should not be expressed only in terms of expected revenue, but also of uncertainty. These two aspects must be considered to assess the future of hydropower. This presentation discusses the impacts of climate change, electricity market volatility and competing energy storage's technologies and quantifies them in terms of annual revenue. Our simulations integrate a glacio-hydrological model (GERM) with various electricity market data and models (mean reversion and jump diffusion). The medium (2020-50) and long-term (2070-2100) are considered thanks to various greenhouse gas scenarios (A1B, A2 and RCP3PD) and the stochastic approach for the electricity prices. An algorithm named "threshold acceptance" is used to optimize the reservoir operations. The impacts' scale, and the related uncertainties are presented for Mauvoisin, which is a storage-hydropower plant situated in the Swiss Alps, and two generic pure pumped-storage installations, which are assessed with the prices of 17 European electricity markets. The discussion will highlight the key differences between the impacts brought about by the drivers.

  5. Unraveling the photovoltaic technology learning curve by incorporation of input price changes and scale effects

    International Nuclear Information System (INIS)

    Yu, C.F.; van Sark, W.G.J.H.M.; Alsema, E.A.

    2011-01-01

    In a large number of energy models, the use of learning curves for estimating technological improvements has become popular. This is based on the assumption that technological development can be monitored by following cost development as a function of market size. However, recent data show that in some stages of photovoltaic technology (PV) production, the market price of PV modules stabilizes even though the cumulative capacity increases. This implies that no technological improvement takes place in these periods: the cost predicted by the learning curve in the PV study is lower than the market one. We propose that this bias results from ignoring the effects of input prices and scale effects, and that incorporating the input prices and scale effects into the learning curve theory is an important issue in making cost predictions more reliable. In this paper, a methodology is described to incorporate the scale and input-prices effect as the additional variables into the one factor learning curve, which leads to the definition of the multi-factor learning curve. This multi-factor learning curve is not only derived from economic theories, but also supported by an empirical study. The results clearly show that input prices and scale effects are to be included, and that, although market prices are stabilizing, learning is still taking place. (author)

  6. Justification of directions of technological and price audit systems changes for the purpose of high-rise construction innovating

    Science.gov (United States)

    Rogacheva, Yana; Panenkov, Andrey; Petrikova, Zinaida; Nezhnikova, Ekaterina

    2018-03-01

    Improving the quality of high-rise buildings under modern conditions should be based not only on compliance with the norms of technical regulations, but also on ensuring energy efficiency, environmental friendliness, and intellectuality, which can be achieved only through the introduction of innovations at all stages of the life cycle of the investment project. Authors of this article justified the need for a mechanism of technological and price audit of projects. They also suggested the model of life cycle of organizational and economic changes, connected with implantation of the mechanism of projects audit. They showed innovation character of ecological high-rise construction for the whole life cycle. Authors also made proposals to change the audit system for high-rise construction projects in the focus of its environmental friendliness.

  7. Justification of directions of technological and price audit systems changes for the purpose of high-rise construction innovating

    Directory of Open Access Journals (Sweden)

    Rogacheva Yana

    2018-01-01

    Full Text Available Improving the quality of high-rise buildings under modern conditions should be based not only on compliance with the norms of technical regulations, but also on ensuring energy efficiency, environmental friendliness, and intellectuality, which can be achieved only through the introduction of innovations at all stages of the life cycle of the investment project. Authors of this article justified the need for a mechanism of technological and price audit of projects. They also suggested the model of life cycle of organizational and economic changes, connected with implantation of the mechanism of projects audit. They showed innovation character of ecological high-rise construction for the whole life cycle. Authors also made proposals to change the audit system for high-rise construction projects in the focus of its environmental friendliness.

  8. Asymmetric adaptations to energy price changes

    International Nuclear Information System (INIS)

    Kuper, G.H.; Van Soest, D.P.

    1999-01-01

    The effectiveness of policies to reduce the use of energy depend on the elasticity of substitution between the various inputs and on the rate of technological progress. This paper presents a theoretical model emphasising energy investment characteristics of uncertainty and irreversibility that result in testable hypotheses concerning the relative values of substitution parameters and rates of technological change in periods of high and increasing energy prices and in periods of low prices. Estimation results for a panel of sectors of the Dutch economy show that the elasticity of substitution between energy and other inputs is low in periods of low energy prices, whereas it is significantly higher in the preceding period of high and increasing energy prices. Furthermore, energy-saving technological progress in periods of high and increasing energy prices is also significantly higher than if energy prices are low and falling. The regression results suggest that, due this asymmetric response of firms to changes in energy prices, taxing energy in the current period of low energy prices will not yield substantial reductions in energy use of Dutch industry. 21 refs

  9. Prices, technology development and the rebound effect

    International Nuclear Information System (INIS)

    Birol, F.; Keppler, J.H.

    2000-01-01

    Energy efficiency is the critical parameter for policies that aim at reducing energy consumption while maintaining or even boosting economic growth. The two main options to influence energy efficiency are changes in relative prices, i.e., raising the price of energy through economic instruments, or to introduce new technologies which increase the productivity of each unit of energy. This paper is based on the notion that in an equilibrium economy the marginal economic productivity is identical for all factors, i.e., energy, labour, knowledge and capital. From this premise two main conclusions can be drawn. First, any change in price or technology will have an impact on the whole economy by creating feedbacks through the substitution of factors of production and goods, as well as increased wealth. Second, the two policy approaches, changing relative prices and technology development, are not opposite to each other. They are the two faces of the same reality and should be developed and promoted simultaneous and consistently. (Author)

  10. Electricity transmission pricing and technology

    International Nuclear Information System (INIS)

    Einhorn, M.; Siddiqi, R.

    1996-01-01

    The electric utility industry and its stake holders in the United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic. We felt that there was a pressing need to assemble a volume which would serve as a one-stop source for varied viewpoints and comprehensive coverage of the subject, both technical and economic. 58 figs., 23 tabs., 103 refs

  11. Technology for Price Management in Industrial Differential Product Market

    Directory of Open Access Journals (Sweden)

    E. V. Orlova

    2015-01-01

    Full Text Available The article studies price behavior of oligopolies in industrial market where price competition is replaced by non-price competition. There is a developed technology for pricing management of the products of industrial enterprises, which, unlike the existing ones, takes into account the dynamics of changes in consumer preferences and changes in the pricing policy of the enterprise competitor and is based on usage of system dynamics models to simulate the financial and economic performance of enterprises and the fuzzy model for situational analysis and decisionmaking on changes in prices for the products. A pricing simulation model is offered. It is based on system-dynamic modeling method, which takes into account the complex cause-to-effect concatenation of factors on price such as product quality, cost, price competition, price elasticity of economic demand, competitors’ quantity of output and estimates the impact of changing factors of internal and external enterprise environment on the effectiveness of its activities.The simulation model allows us to conduct diverse experiments and analyze the impact of management decisions on the efficiency of the enterprise. Based on the fuzzy approach a price decision-making model is developed. It operates not only precise (numeric values, but also qualitative assessments of variables and provides an adequate use of logical relationships and the laws of the mutual influence of market and production and economic factors. Qualitative dependences, which establish the influence of external and internal factors on the price change, are identified as a result of the study of economic laws and legal conformity that are in the context of rapid economic change and market turbulence may not be strictly formalized and take the form of linguistic statements, which express the conditional relationship between the qualitative assessments of initial factors and changes in the relative price.

  12. 75 FR 166 - Postal Product Price Changes

    Science.gov (United States)

    2010-01-04

    ... POSTAL REGULATORY COMMISSION [Docket No. CP2009-49; Order No. 371] Postal Product Price Changes...-filed Postal Service request to change prices for a Global Plus 2 contract. This notice provides an...: On December 21, 2009, the Postal Service filed a notice that prices for the Global Plus 2 contract at...

  13. Electricity price modeling with stochastic time change

    International Nuclear Information System (INIS)

    Borovkova, Svetlana; Schmeck, Maren Diane

    2017-01-01

    In this paper, we develop a novel approach to electricity price modeling, based on the powerful technique of stochastic time change. This technique allows us to incorporate the characteristic features of electricity prices (such as seasonal volatility, time varying mean reversion and seasonally occurring price spikes) into the model in an elegant and economically justifiable way. The stochastic time change introduces stochastic as well as deterministic (e.g., seasonal) features in the price process' volatility and in the jump component. We specify the base process as a mean reverting jump diffusion and the time change as an absolutely continuous stochastic process with seasonal component. The activity rate of the stochastic time change can be related to the factors that influence supply and demand. Here we use the temperature as a proxy for the demand and hence, as the driving factor of the stochastic time change, and show that this choice leads to realistic price paths. We derive properties of the resulting price process and develop the model calibration procedure. We calibrate the model to the historical EEX power prices and apply it to generating realistic price paths by Monte Carlo simulations. We show that the simulated price process matches the distributional characteristics of the observed electricity prices in periods of both high and low demand. - Highlights: • We develop a novel approach to electricity price modeling, based on the powerful technique of stochastic time change. • We incorporate the characteristic features of electricity prices, such as seasonal volatility and spikes into the model. • We use the temperature as a proxy for the demand and hence, as the driving factor of the stochastic time change • We derive properties of the resulting price process and develop the model calibration procedure. • We calibrate the model to the historical EEX power prices and apply it to generating realistic price paths.

  14. Do changes in natural gas futures prices influence changes in natural gas spot prices?

    International Nuclear Information System (INIS)

    Herbert, J.H.

    1993-01-01

    Data on natural gas futures and spot markets are examined to determine if variability in price on futures markets influences variability in price on spot markets. Using econometric techniques, it is found that changes in futures contract prices do not precede changes in spot market prices. (Author)

  15. The impact of electricity price changes on industrial prices and the general price level in Korea

    International Nuclear Information System (INIS)

    Lim, Seul-Ye; Yoo, Seung-Hoon

    2013-01-01

    Electricity has played an important role in the economic development of Korea and, thus, has become a critical factor in sustaining the well-being of the Korean people. This study attempts to investigate the impact of electricity price changes on industrial prices and the general price level using input–output (I–O) analysis. To this end, we apply the I–O price model to the 2011 I–O table recently produced by the Bank of Korea, paying particular attention to the electricity sector by considering it as exogenous and then investigating its impacts. The impacts of the electricity price changes on each industrial sector's prices and the general price level are quantitatively derived. For example, the overall impact of a 10% increase in electricity price on the Korean national economy is estimated to be 0.4367%. We also report the results from the model with the electricity sector endogenous and the model with endogenous electricity and labor sectors. This information can be usefully utilized in decision-making regarding price management for electricity. - Highlights: • We investigate the impact of electricity price changes on the Korean economy. • We use the input–output (I–O) analysis specifying the electricity sector as exogenous. • We apply the I–O price model to 2010 I–O table produced by the Bank of Korea. • The impact of a 10% increase in electricity price on the Korean economy is 0.2176%

  16. Western Canada : changing pricing dynamics

    International Nuclear Information System (INIS)

    Frank, B.

    1998-01-01

    Natural gas supply and demand trends in Western Canada are reviewed in a series of overhead viewgraphs. Production versus pipeline capacity, required gas well completions in the WCSB to meet local demand and fill export pipeline capacity to year 2005, NYMEX and AECO price trends during 1995-2000, and the question of what will happen to prices with additional pipeline capacity to the U.S. Midwest were summarized. The best guess is that Midwest prices will need to be high enough to attract marginal supplies from the Gulf, i.e. prices have be around the Henry Hub + five cents/ mmbtu. The new Canadian pipelines, (Northern Border and Alliance) will lower Midwest prices somewhat, but the impact will be modest. Assuming that additional planned pipeline expansion come on-stream, the pressure to expand east of Chicago will be considerable. tabs., figs

  17. Pricing of Licenses on CERN Technology

    CERN Document Server

    Eide, V; Gaivoronski, Alexei; Huuse, H; Streit-Bianchi, M; Le Goff, J M

    2006-01-01

    This Master thesis develops a framework for the pricing of licenses on technology, suitable for a Technology Transfer (TT) context that is characterized by a goal of dissemination, early-stage technologies, limited market information, and great variations between technologies. The chosen context is defined by comparing the policy and the specificity of the initial recipient, CERN, to other public research institutions, thereby aiming at the development of a general framework. A conceptual model of the framework is thereafter developed to accommodate considerations of all the indicated characteristics through three main subparts: 1)~the target price, 2)~the walk-away point, and 3)~the royalty structure. For estimation of a suitable target price, valuation methodologies from academic and business literature are reviewed and discussed with regard to their suitability for the chosen TT context, thus selecting six methods of different approaches and varying information dependency. A method for quantifying the appr...

  18. Frequent price changes under menu costs

    DEFF Research Database (Denmark)

    Hansen, Per Svejstrup

    1999-01-01

    , the price may be changed more frequent in the short run, and in the long run it definitely will. Hence, observing frequent price changes is not necessarily inconsistent with a firm operating under menu costs. This paper relies on an article by Dixit (1991), (Review of Economic studies, 58, 141......This paper investigates the effect of uncertainty on a single firm's pricing behaviour in a dynamic menu cost model that results in (S,s)-rules where the price is fixed inside a band. It will be demonstrated that even though the band of inaction widens in response to increased uncertainty...

  19. 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....

  20. Structural change and forecasting long-run energy prices

    International Nuclear Information System (INIS)

    Bernard, J.T.; Khalaf, L.

    2004-01-01

    Fluctuating energy prices have a significant impact on the economies of industrialized nations. A recent study has shown a strong non-linear relationship between changes in oil prices and growth in gross domestic product (GDP). In order to forecast the behaviour of energy prices, a complete model must take into account domestic and international supply and demand conditions, market regulations, technological advances and geopolitics. In 1999, Pindyck suggested that for long-term forecasting, a simple model should be adopted where prices grow in real terms and at a fixed rate. This paper tests the statistical significance of Pindyck's suggested class of econometric equations that model the behaviour of long-run real energy prices. The models assume mean-reverting prices with continuous and random changes in their level and trend. They are estimated using Kalman filtering. The authors used simulation-based procedures to address the issue of non-standard test statistics and nuisance parameters. Results were reported for a standard Monte Carlo test and a maximized Monte Carlo test. Results shown statistically significant instabilities for coal and natural gas prices, but not for crude oil prices. Various models were differentiated using out-of-sample forecasting exercises. 25 refs., 3 tabs

  1. Price Changes, Resource Adjustments and Rational Expectations

    DEFF Research Database (Denmark)

    Hoffmann, Kira

    This study investigates the relationship between the accuracy of managerial demand expectations, resource adjustment decisions and selling price changes. In line with rational expectation theory, it is argued that managers adjust resources and selling prices differently in response to expected...... that cost elasticity is higher when a demand decrease is expected among companies with similar exposure to demand uncertainty. Overall, this implies that managerial competences in predicting future demand significantly determines firms’ profitability; especially when demand uncertainty is high...

  2. The Effects of Changing Input Costs on Food Prices

    OpenAIRE

    R. McFall Lamm; Paul C. Westcott

    1981-01-01

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

  3. Innovate or imitate? Behavioural technological change

    NARCIS (Netherlands)

    Hommes, C.; Zeppini, P.

    2013-01-01

    We propose a behavioural model of technological change with evolutionary switching between boundedly rational costly innovators and free imitators, and study the endogenous interplay of innovation decisions, market price dynamics and technological progress. Innovation and imitation are strategic

  4. Innovate or imitate? Behavioural technological change

    NARCIS (Netherlands)

    Hommes, C.; Zeppini, P.

    2014-01-01

    We propose a behavioural model of technological change with evolutionary switching between costly innovators and free imitators, and study the endogenous interplay of innovation decisions, market price dynamics and technological progress. Innovation and imitation are strategic substitutes and

  5. Changes of uranium market price and trend in recent years

    International Nuclear Information System (INIS)

    Wang Xingwu; Chen Zuyi

    2008-01-01

    The market price (especially the spot price ) of uranium has experienced significant changes since 2004. Several stages of uranium price are summed up. It is the slow increase period of uranium price from 1991 to 2004, The uranium price rapid rise from 2005 to 2007. The price of uranium jumped sharply from the fourth quarter 2006 to first half of 2007. The price of uranium rapid declined and tended to be stable from second half 2007 to this day. Characteristics, reason and change trend of uranium price in these stages are summarized. (authors)

  6. On Teaching Price Elasticity of Demand and Change in Revenue due to Price Change -- A Synthesis with and without Calculus

    OpenAIRE

    Jong-Shin Wei

    2013-01-01

    Price elasticity of demand measures how much, in terms of percentage change, the quantity demanded responds to a change in price. In this pedagogical note, first we intuitively introduce the very first notion of price elasticity, which is a directional measure because it describes the impact of an arbitrary change in price from one to another on the percentage change in quantity demanded. Next, we show how this measure becomes "point" price elasticity of demand when demand is linear. Finally,...

  7. 76 FR 77271 - Competitive Product Postal Price Changes

    Science.gov (United States)

    2011-12-12

    ... POSTAL REGULATORY COMMISSION [Docket No. CP2012-2; Order No. 997] Competitive Product Postal Price... recently-filed Postal Service request for a change in competitive products prices. The changes will take... and justification for the changes, the effective date, and a schedule of the changed rates. The price...

  8. Pricing electricity for sustainability : climate change and Canada's electricity sector

    International Nuclear Information System (INIS)

    2010-01-01

    The electricity sector is Canada's largest single source of greenhouse gas (GHG) emissions. This paper discussed electricity and carbon pricing approaches to reducing GHG emissions in the electricity sector. An overview of the links between electricity pricing and climate change was presented, and current and emerging trends in electricity pricing related to encouraging energy conservation were reviewed. Market prices and failures were discussed. Approaches to pricing electricity included an increase in block prices; time-of-use prices; demand-side management and energy efficiency; and carbon pricing in Canada and electricity pricing signals. The study showed that several provincial utilities in Canada are experimenting with market-based pricing approaches for electricity and carbon that may help to reduce GHG emissions over time. Concerns over electricity supply and the negative environmental impacts of electricity production may lead to the full social pricing of electricity in some regions of Canada. 46 refs., 3 tabs., 5 figs.

  9. A Taxonomy of Information Technology-Enhanced Pricing Strategies

    NARCIS (Netherlands)

    Dixit, A.; Whipple, T.W.; Zinkhan, G.M.; Gailey, E.

    2008-01-01

    As a result of evolving technology, opportunities for innovative pricing strategies continuously emerge. The authors provide an updated taxonomy to show how such emerging strategies relate to recent technological advances. Specifically, they cite increased availability of information, enhanced

  10. 76 FR 7114 - International Mail: Mailing Services Price Change

    Science.gov (United States)

    2011-02-09

    ... POSTAL SERVICE 39 CFR Part 20 International Mail: Mailing Services Price Change AGENCY: Postal... States Postal Service, International Mail Manual (IMM[supreg]) for Mailing Services. This price change correlates to the Postal Service's January 13, 2011 filing of Docket No. R2011-2, Notice of Price Adjustment...

  11. Changing Prices in a Weak Housing Market

    Institute of Scientific and Technical Information of China (English)

    Xu Dianqing

    2008-01-01

    @@ First, the adjustment in housing prices are in some cases just a regular marketing strategy. Speculation is restrained by macrocontrol policies, which naturally slows down a price increase.It is also predictable that some unreasonably high prices will need to be readjusted.

  12. Reimbursement of pharmaceuticals: Reference pricing versus health technology assessment

    NARCIS (Netherlands)

    M. Drummond (Michael); B. Jönsson (Bengt); F.F.H. Rutten (Frans); T. Stargardt (Tom)

    2011-01-01

    textabstractReference pricing and health technology assessment are policies commonly applied in order to obtain more value for money from pharmaceuticals. This study focussed on decisions about the initial price and reimbursement status of innovative drugs and discussed the consequences for market

  13. How Do Drug Prices Respond to a Change from External to Internal Reference Pricing?

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.

    (where they are based on the cheapest domestic substitute). We analyze three therapeutic classes with different treatment durations and show that the reform led to substantial price decreases for our lifelong treatment and to less substantial price reductions for our medium duration treatment while we do......We study the effects of a change in the way patient reimbursements are calculated on the prices of pharmaceuticals using quasi-experimental data for Denmark which switched from external (where reimbursements are based on prices of similar products in foreign countries) to internal reference pricing...

  14. 78 FR 69755 - International Product and Price Changes

    Science.gov (United States)

    2013-11-21

    ... POSTAL SERVICE 39 CFR Part 20 International Product and Price Changes AGENCY: Postal Service TM... Service, International Mail Manual (IMM[supreg]), to reflect the prices, product features, and...-0372. SUPPLEMENTARY INFORMATION: New prices are available under Docket Number CP2014-5 on the Postal...

  15. 76 FR 75786 - International Product and Price Changes

    Science.gov (United States)

    2011-12-05

    ... POSTAL SERVICE 39 CFR Part 20 International Product and Price Changes AGENCY: Postal Service TM... Service, International Mail Manual (IMM[supreg]), to reflect the prices, product features, and.... SUPPLEMENTARY INFORMATION: New prices are available under Docket Number CP2012-2 on the Postal Regulatory...

  16. 48 CFR 52.243-1 - Changes-Fixed-Price.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Changes-Fixed-Price. 52....243-1 Changes—Fixed-Price. As prescribed in 43.205(e), insert the following clause: Changes—Fixed-Price (AUG 1987) (a) The Contracting Officer may at any time, by written order, and without notice to...

  17. Electricity to natural gas competition under customer-side technological change: a marginal cost pricing analysis; Cambiamento tecnologico a valle del contatore e concorrenza fra elettricita' e gas naturale

    Energy Technology Data Exchange (ETDEWEB)

    Gulli' , Francesco [Bocconi Univ., Milan (Italy). Iefe

    2004-07-01

    This paper aims at evaluating the impact of technological change (on the customer side of the meter) on the network energy industry (electricity and natural gas). The performances of the small gas fired power technologies and the electrical reversible heat pumps have improved remarkably over the last ten years, making possible (or more viable) two opposite technological trajectories: the fully gas-based system, based on the use of small CHP (combined heat and power generation) plants, which would involve a wide decentralisation of energy supply; the fully electric-based system, based on the use of reversible electric heat pumps, which would imply increasing centralisation of energy supply. The analysis described in this paper attempts to evaluate how these two kinds of technological solutions can impact on inter-service competition when input prices are ste equals to marginal costs of supply in each stage of the electricity and natural gas industries. For this purpose, unbundled prices over time and over space are simulated. In particular the paper shows that unbundling prices over space in not very important in affecting electricity to natural gas competition and that, when prices are set equal to long-run marginal costs, the fully electric-based solution (the reversible heat pump) is by far preferable to the fully gas-based solution (the CHP gas fired small power plant). In consequence, the first best outcome of the technological change would involve increasing large power generation and imported (from the utility grid) electricity consumption. Given this framework, we have to ask ourselves why operators, regulators and legislators are so optimistic about the development of the fully gas-based solutions. In this respect, the paper suggests that market distortions (such as market power, energy taxation and inefficient pricing regulation) might have give an ambiguous representation of the optimal technological trajectory, inducing to overestimate the social value

  18. Pricing policy for declining demand using item preservation technology.

    Science.gov (United States)

    Khedlekar, Uttam Kumar; Shukla, Diwakar; Namdeo, Anubhav

    2016-01-01

    We have designed an inventory model for seasonal products in which deterioration can be controlled by item preservation technology investment. Demand for the product is considered price sensitive and decreases linearly. This study has shown that the profit is a concave function of optimal selling price, replenishment time and preservation cost parameter. We simultaneously determined the optimal selling price of the product, the replenishment cycle and the cost of item preservation technology. Additionally, this study has shown that there exists an optimal selling price and optimal preservation investment to maximize the profit for every business set-up. Finally, the model is illustrated by numerical examples and sensitive analysis of the optimal solution with respect to major parameters.

  19. Stationarity changes in long-run energy commodity prices

    International Nuclear Information System (INIS)

    Zaklan, Aleksandar; Abrell, Jan; Neumann, Anne

    2016-01-01

    Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being confounded by an unaccounted-for deterministic shift in the price series. We find that coal prices are trend stationary throughout their evolution and that oil prices change from stationarity to non-stationarity in the decade between the late 1960s to late 1970s. The result on gas prices is ambiguous. Our results demonstrate the importance of accounting for a possible structural shift when testing for breaks in persistence, while being robust to the exact date of the structural break. Based on our analysis we caution against viewing long-run energy commodity prices as being non-stationary and conclude in favor of modeling commodity market fundamentals as stationary, meaning that speculative storage will tend to have a dampening effect on prices. We also cannot reject that long-run prices of coal and, with some hesitation, gas follow a Hotelling-type rule. In contrast, we reject the Hotelling rule for oil prices since the late 1960s/early 1970s. - Highlights: • This paper contributes to the literatures on speculative storage and scarcity. • We test if long-run U.S. coal, oil and gas prices became non-stationary. • We pre-test for structural breaks when testing for changes in persistence. • Coal prices are found to be trend stationary, oil prices become non-stationary. • We caution against modeling commodity market fundamentals as non-stationary.

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

    International Nuclear Information System (INIS)

    1999-03-01

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

  1. THE EFFECTS OF CHANGING MARGIN LEVELS ON FUTURES OPTIONS PRICE

    Institute of Scientific and Technical Information of China (English)

    Yanling GU; Juan LI

    2006-01-01

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

  2. ARE PRICING POLICIES EFFECTIVE TO CHANGE CAR USE?

    Directory of Open Access Journals (Sweden)

    Geertje SCHUITEMA

    2007-01-01

    Results revealed that under pricing policies most people did not intend to change their car use. Pricing policies were relatively more effective when prices increased significantly. Especially visiting and shopping trips were affected, while commuting trips were hardly affected. Moreover, respondents were most likely to reduce their car use for short trips, which are an important source of CO2 emissions and local air pollution.

  3. The Pricing Strategies and the Dominant Technology Modes

    Directory of Open Access Journals (Sweden)

    Kramarenko Anna О.

    2017-11-01

    Full Text Available The article is aimed at defining the basic approaches to pricing that correspond to the modern technological mode, as well as the prospects of substituting them with new strategies in the process of evolution of technology and socio-economic development. The technological evolution within the terms of cyclic substitution of the dominant technological ways together with periodicity of domination of the single pricing strategies have been considered. It was identified that in the process of transition to the sixth technological mode, the core of which is the high-tech and the science-driven types of economic activity, the strategies of premium pricing are at the forefront, due to their significant profitability in conditions of the fast updating of assortment of products and the particular characteristics of products and services. It has been substantiated that the dominance of premium pricing creates an inflationary effect, especially in the terms of innovative economic activities, which are potentially the basis for active implementation of technologies of the new mode.

  4. Assistive technology pricing in Australia: is it efficient and equitable?

    Science.gov (United States)

    Summers, Michael P; Verikios, George

    2018-02-01

    Objective To examine available systematically collected evidence regarding prices for assistive technology (AT; e.g. disability aids and equipment) in Australia with other comparable countries. Issues of appropriate AT pricing are coming to the fore as a consequence of efforts to move to consumer-centric purchasing decisions with the National Disability Insurance Scheme (NDIS) and also in the recent aged care reforms. Methods We identified and present three sets of AT price comparisons. Two comparisons were based solely on the lowest prices advertised on the internet, and one comparison examined recommended retail prices. Variables essential to ensuring accurate comparisons, as well as significant supply-chain issues were also examined and considered in the analyses. Results The first internet-only price comparison found that overall AT prices were 38% higher in Australia compared to other countries, but did not factor in shipping and other related costs that are essential to include given that most AT is imported. The second internet-only price comparison found that overall Australian prices were 24% lower when shipping and related costs were included. The recommended retail price comparisons found that Australian prices were between 14% and 27% lower. Prices for internet-only retailers (those with no bricks-and-mortar presence) are consistently lower for all products than those sold by retailers with actual shop-fronts. Further, there is no evidence of suppliers earning supranormal profits in Australia. Conclusions The results indicate that AT prices in Australia are efficient and equitable, with no significant indicators of market failure which would require government intervention. Efforts to reduce prices through the excessive use of large-scale government procurement programs are likely to reduce diversity and innovation in AT and raise AT prices over time. Open markets and competition with centralised tracking of purchases and providers to minimise possible

  5. Innovation, productivity, and pricing: Capturing value from precision medicine technology in Canada.

    Science.gov (United States)

    Emery, J C Herbert; Zwicker, Jennifer D

    2017-07-01

    For new technology and innovation such as precision medicine to become part of the solution for the fiscal sustainability of Canadian Medicare, decision-makers need to change how services are priced rather than trying to restrain emerging technologies like precision medicine for short-term cost savings. If provincial public payers shift their thinking to be public purchasers, value considerations would direct reform of the reimbursement system to have prices that adjust with technologically driven productivity gains. This strategic shift in thinking is necessary if Canadians are to benefit from the promised benefits of innovations like precision medicine.

  6. Option Pricing with Time-changed Lévy Processes

    DEFF Research Database (Denmark)

    Klingler, Sven; Kim, Young Shin; Rachev, Svetlozar T.

    2013-01-01

    In this article, we introduce two new six-parameter processes based on time-changing tempered stable distributions and develop an option pricing model based on these processes. This model provides a good fit to observed option prices. To demonstrate the advantages of the new processes, we conduct...

  7. Technological change and social change

    International Nuclear Information System (INIS)

    Janshen, D.; Keck, O.; Webler, W.D.

    1981-01-01

    Political disputes about the risks and social consequences of modern technologies let many people ask whether society still has an independent capacity to act on the technological change or whether it is not rather the passive object of an obscure development. Modern technology is a challenge not only to the analytical capacity of social sciences. This volume describes the contributions of a conference which took place in April 1979. The first part deals with the social consequences of new technologies. Hereby new communication technologies are the main theme. The contributions of the second part deal with political, organizational, and methodical problems of the sociologic accessory research of technical and social innovations. The texts of the third part analyse experience so far made in the state support of research and technical development. (orig./HP) [de

  8. FAS 33: accurately recording effects of changing prices.

    Science.gov (United States)

    Sage, L G

    1987-02-01

    FAS 33 addresses the problem of distortion in conventional historical cost financial statements because of changing prices. It requires 1300 business enterprises to report selected changing price data on a supplementary basis. It has been demonstrated that it is also feasible and beneficial for hospitals to present price disclosures as supplementary information to their financial statements. The possible application of FAS 33 is supported on the basis that the accounting and reporting methods of healthcare institutions are similar to the accounting and reporting practices of profit-seeking entities.

  9. Unequal Impact of Price Changes in Indonesia

    Directory of Open Access Journals (Sweden)

    Rulyusa Pratikto

    2015-12-01

    Full Text Available The main idea of this study is to determine the impact of relative inflation on poverty incidents and to investigate whether inflation inequality has occurred in Indonesia. Interesting results were found at regional level. Firstly, Jakarta had different poverty response with respect to price increases. Processed food and transportation inflation were more imperative for the poor in Jakarta. Secondly, the poor in province with low poverty figures were more prone to inflation. In general, the results show that food inflation has the major adverse impact on the poor. Moreover, we found that inflation in Indonesia has not been pro-poor. Abstrak Tujuan utama dari penelitian ini adalah untuk menentukan dampak dari perubahan harga terhadap kemiskinan, serta juga untuk mengetahui apakah terjadi ketimpangan inflasi di Indonesia. Hasil yang menarik diperoleh dari analisa pada tingkat provinsi. Pertama, kemiskinan pada provinsi Jakarta memiliki karakteristik yang berbeda. Inflasi pada makanan jadi dan transportasi justru memiliki dampak yang lebih merugikan masyarakat miskin. Kedua, masyarakat miskin yang berada di provinsi dengan tingkat kemiskinan relatif rendah justru lebih sensitif terhadap inflasi. Secara umum, inflasi bahan makanan merupakan faktor terbesar dalam peningkatan kemiskinan. Selain itu, masyarakat miskin telah mengalami total inflasi yang lebih besar dibandingkan dengan masyarakat tidak miskin. Kata kunci: Kemiskinan; Inflasi; Elastisitas Harga terhadap Kemiskinan; Pro-Poor Price Index; Price Index for the Poor JEL classifications: E3; I3; O1; R2

  10. Potential impacts of electricity price changes on price formation in the economy: a social accounting matrix price modeling analysis for Turkey

    International Nuclear Information System (INIS)

    Akkemik, K. Ali

    2011-01-01

    Recent reforms in the Turkish electricity sector since 2001 aim to introduce a tariff system that reflects costs. This is expected to affect the production and consumer prices of electricity. The changes in electricity prices are then reflected in production costs in other segments of the economy. Subsequently, producer and consumer prices will be affected. The potential impact of the changes in electricity prices that the ongoing electricity reforms in Turkey will bring about may have important implications on the price formation in economic activities and the cost of living for households. This paper evaluates the potential impacts of changes in electricity prices from a social accounting matrix (SAM) price modeling perspective. It is found that based on the estimated price multipliers that prices in the energy-producing sectors, mining, and iron and steel manufacturing sectors would be affected more severely than the remaining sectors of the economy. Consumer prices are affected slightly less than producer prices. - Research Highlights: → The impact of electricity generation costs on prices in other sectors is modeled. → A micro-SAM emphasizing electricity supply is constructed using 2002 I-O tables. → Energy, mining, and steel sectors are more responsive to electricity costs. → Living costs are less responsive to electricity cost changes than producer prices.

  11. Reimbursement of pharmaceuticals: reference pricing versus health technology assessment.

    Science.gov (United States)

    Drummond, Michael; Jönsson, Bengt; Rutten, Frans; Stargardt, Tom

    2011-06-01

    Reference pricing and health technology assessment are policies commonly applied in order to obtain more value for money from pharmaceuticals. This study focussed on decisions about the initial price and reimbursement status of innovative drugs and discussed the consequences for market access and cost. Four countries were studied: Germany, The Netherlands, Sweden and the United Kingdom. These countries have operated one, or both, of the two policies at certain points in time, sometimes in parallel. Drugs in four groups were considered: cholesterol-lowering agents, insulin analogues, biologic drugs for rheumatoid arthritis and "atypical" drugs for schizophrenia. Compared with HTA, reference pricing is a relatively blunt instrument for obtaining value for money from pharmaceuticals. Thus, its role in making reimbursement decisions should be limited to drugs which are therapeutically equivalent. HTA is a superior strategy for obtaining value for money because it addresses not only price but also the appropriate indications for the use of the drug and the relation between additional value and additional costs. However, given the relatively higher costs of conducting HTAs, the most efficient approach might be a combination of both policies.

  12. When should green technology support policies supplement the carbon price? The case of the electricity sector

    International Nuclear Information System (INIS)

    Lecuyer, Oskar

    2013-01-01

    This thesis contributes to the literature on optimal policy choice. It studies the use of policy combinations to mitigate greenhouse gases emissions from electricity production. One finding applies to cases where uncertainty is such that the risk of a nil carbon price cannot be excluded. A cap on emissions alone may then not trigger enough abatements, justifying the addition of e.g. a renewable subsidy. When considering a transition toward a carbon free electricity sector, capital accumulation causes complex dynamic effects to happen. We find that decisions taken by comparing the leveled costs of abatement technologies, even including carbon costs, would favor intermediate technologies (e.g. gas plants) to the detriment of more-expensive but lower-carbon technologies (renewable power), leading to a suboptimal investment schedule. This thesis also studies the effects of marginal policy changes in a mix comprising the main French instruments. We find that surprisingly, adding a tariff for renewables financed by a tax on electricity consumption to a cap on emissions and a subsidy for energy efficiency will reduce the consumer electricity price when the non-renewable production is fixed and does not depend on the carbon price. The assessment of the French climate policies in the electricity sector shows that overlapping policies for mitigation may be justified by multiple carbon price failures, even if the ideal long-term policy mix depends on the carbon price trajectory. (author)

  13. 76 FR 16460 - Parcel Select Price and Classification Changes

    Science.gov (United States)

    2011-03-23

    ... a recently-filed Postal Service notice of rate and classification changes affecting Parcel Select. The Postal Service seeks to implement new prices for Parcel Select for forwarding and return to sender... the United States Postal Service of Changes in Rates of General Applicability for a Competitive...

  14. Utilizing TOPSIS intensified with adjustment similarity factor to determine price of technology

    Directory of Open Access Journals (Sweden)

    Seyed Mohammad Seyedhosseini

    2012-08-01

    Full Text Available Technology transfer has been a very frequent activity in the industrial world nowadays. Technology valuation, and in particular technology pricing, has played a considerable role in these transactions, in spite of a huge amount of limitations in the pricing methodologies applied. Making a sound, traceable and reliable means for applying the price evaluation procedure, seems as a technological requirement to be traced for. The objective of delivering this paper is to introduce a new numerical technology pricing method to provide the two transacting parties a unique compromised price. A three-dimensional model for technology pricing is proposed and The TOPSPS algorithm has been utilized to select the most similar technologies to the intended one and the constructed scoring system is applied to calculate the final technology price accordingly.

  15. Technology and climate change

    International Nuclear Information System (INIS)

    Morrison, R.; Layzell, D.; McLean, G.

    2001-01-01

    This paper provides a context for assessing the needs for technologies to reduce the concentration of GHG in the atmosphere. It looks at sources, sinks and trends for GHG, in the world at large and in Canada, and at efforts to develop new technologies to achieve the goals of climate change policy. Technology development is one of many approaches to reducing emissions and absorbing GHG from the atmosphere. New technologies will be more successful if they can also achieve non-climate goals, such as better air quality or reduced soil erosion. This paper examines sectors where new technology may be most needed. In general these will be areas where emissions are large, or growing rapidly, or both. It focuses on transport, electricity and biomass as sectors of interest, both because of their potential for contributing to climate change policy goals within Canada, and also because of the author's own research interests. (author)

  16. Relationship between efficiency and predictability in stock price change

    Science.gov (United States)

    Eom, Cheoljun; Oh, Gabjin; Jung, Woo-Sung

    2008-09-01

    In this study, we evaluate the relationship between efficiency and predictability in the stock market. The efficiency, which is the issue addressed by the weak-form efficient market hypothesis, is calculated using the Hurst exponent and the approximate entropy (ApEn). The predictability corresponds to the hit-rate; this is the rate of consistency between the direction of the actual price change and that of the predicted price change, as calculated via the nearest neighbor prediction method. We determine that the Hurst exponent and the ApEn value are negatively correlated. However, predictability is positively correlated with the Hurst exponent.

  17. Technology and climate change

    International Nuclear Information System (INIS)

    Morrison, R.; Layzedl, D.; McLean, G.

    2002-01-01

    This paper was the major one of the opening plenary session at the Climate Change 2 conference. The paper provides a context for assessing the needs for technologies to reduce the concentration of GHG in the atmosphere. It looks at sources, sinks and trends for GHG, in the world at large and in Canada, and at efforts to develop new technologies to achieve the goals of climate change policy. The paper focusses on transport, electricity and biomass as sectors of interest, both because of their potential for contributing to climate change policy goals within Canada, and also because of research interests

  18. Price

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    The price terms in wheeling contracts very substantially, reflecting the differing conditions affecting the parties contracting for the service. These terms differ in the manner in which rates are calculated, the formulas used, and the philosophy underlying the accord. For example, and EEI study found that firm wheeling rates ranged from 20 cents to $1.612 per kilowatt per month. Nonfirm rates ranged from .15 mills to 5.25 mills per kilowatt-hour. The focus in this chapter is on cost-based rates, reflecting the fact that the vast majority of existing contracts are based on rate designs reflecting embedded costs. This situation may change in the future, but, for now, this fact can't be ignored

  19. FUEL/CARBON PRICE VS. ABATEMENT TECHNOLOGY IN FREIGHT TRANSPORT

    Directory of Open Access Journals (Sweden)

    Eugen Ferdinand Spangenberg

    2017-12-01

    Full Text Available The current situation is the exponential increase in greenhouse gases (GHG, which is mainly caused by industrial and transport activities. The recent Paris agreement in 2015 (Framework Convention on Climate Change COP21, UNFCCC made it clear to everyone that CO2 emissions are to be limited in all areas of life. Alternative fuels with a lower environmental impact than carbon (CO2 emissions are hard to find if the overall footprint is to be taken into account. Nevertheless, there are some fuels that have less impact on climate change. One the other hand, the production of biofuels is a controversial matter, although it is a viable alternative to emissions reduction. CNG or LNG-powered vehicles are also better in terms of environmental pollution, but are hardly better with regard to CO2 impact when a Life Cycle Assessment (LCA is carried out. LNG (liquid natural gas, for example, is the future fuel in the maritime sector because of the stricter environmental regulations (SOx,NOx in the shipping industry. The battery-powered vehicle is another example of an environmentally friendly solution. The afore-mentioned measures can be considered as “abatement“ necessary in order to limit CO2 impact. The study shows that there are significant differences in the environmental impact between transport systems and the corresponding drive-system or associated energy base. The polluter should pay, which is a common basic principle in economic research. The Emission Trading Scheme (ETS has been introduced in order to ensure a reduction in CO2 output – emissions come with a price tag. An overall view is necessary, both en-vironmental and economic impact must be reconciled (cf. Spangenberg - TQI. The future viability of the transport system as we know it may change significantly over time if new environmental requirements or e.g. CO2 taxes or ETS are introduced in the freight sector. The abatement of CO2 should be effected primarily through technological

  20. Changing the Price of Marriage: Evidence from Blood Test Requirements

    Science.gov (United States)

    Buckles, Kasey; Guldi, Melanie; Price, Joseph

    2011-01-01

    We use state repeals of blood test requirements (BTRs) for a marriage license that occurred between 1980 and 2008 to examine the impact of changes in the price of marriage on the marriage decision. Using a within-group estimator that holds constant state and year effects and exploits variation in the repeal dates of BTRs across states, we find…

  1. DTU Climate Change Technologies

    DEFF Research Database (Denmark)

    During 2008 and 2009, DTU held a workshop series focusing on assessment of and adaption to climate changes as well as on mitigation of green house gasses. In the workshops, a total of 1500 scientists, government officials and business leaders have outlined scenarios for technology development...

  2. TECHNOLOGY FORMING PRICE DISTRIBUTION OF FINISHED GOODS OF LOGISTICS SYSTEM

    Directory of Open Access Journals (Sweden)

    Novikova T. V.

    2015-12-01

    Full Text Available Modern economics has developed a number of areas of the system for controlling the distribution of finished products. However, in domestic and foreign economic literature the mechanisms of logistics approach are not sufficient to provide higher sales of enterprise-producers, that have sales in remote areas. In this study, first, the importance of company-producers and end-users the methods of rational delivery of finished products is considered, and secondly, the approaches to defining the essence and content of the concept of «distribution» are given, in the third, the logistics processes of the distribution system ready products of a particular company-producer are described, fourthly, the technology of one price product delivery was developed and it was shown the economic efficiency (the possible results of the solution of the problem of distribution logistics of its application in the target company. The study showed that there is an opportunity, based on the development and implementation of technologies to reduce the final price of the goods, to develop the company and increase its competitiveness by minimizing costs and increasing return on investment. The results of research extend the knowledge of methodology of system logistics management in the enterprise.

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

    Science.gov (United States)

    William Luppold; Matthew Bumgardner; T. Eric. McConnell

    2014-01-01

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

  4. Climate change dilemma: technology, social change or both?

    International Nuclear Information System (INIS)

    Rajan, Sudhir Chella

    2006-01-01

    Time is fast running out for formulating a viable global climate policy regime even as it seems obvious that the major initiative will have to come from the United States, which currently appears indisposed to take any meaningful action at all. This paper reviews the prospects for emissions reductions in the US passenger transport sector and the technical, economic, social, and political barriers to developing policies that focus solely on technology or pricing. Using scenarios it shows that, in order to meet stringent emissions targets over the coming half-century, technology and pricing policies may have to be supplemented by strategies to change life-styles and land uses in ways that effectively reduce car dependence. In the medium to long term, bold initiatives that treat vehicle users as citizens capable of shifting their interests and behaviour could form kernels of social change that in turn provide opportunities for removing many of the social and political constraints

  5. The linkage between oil price shocks and economic growth with inflation in the presence of technological advances: a CGE model

    International Nuclear Information System (INIS)

    Doroodian, K.; Boyd, Roy

    2003-01-01

    This study examines whether oil price shocks are inflationary in the US. We increase the price of oil in the year 2000 in a manner consistent with the oil price shock of 1973-74 and let the economy experience a Hicksian technological change. Then using a dynamic computable general equilibrium (CGE) model, we conduct our analyses under two separate cases: (1) regular economic growth, and (2) low economic growth. We also run three technological scenarios: (1) no technology change, (2) technological advances in the manufacturing and refining sectors, and (3) technological advances in the manufacturing, refining, chemical, and service sectors. The effects of these changes are analyzed over the next 20 years until the year 2020. Our results suggest that while a shock of the magnitude experienced in the 1970s will have a fairly severe effect on such things as gasoline and refinery prices, the aggregate price changes will be largely dissipated over time at the aggregate level. Furthermore, the aggregate level of prices (CPI and PPI) will fall over time as the level of technological advances rise under both growth scenarios. There are several reasons why we would obtain such results. First of all, the structure of the US economy has changed remarkably since the early 1970s. Rather than being a manufacturing based economy, the US is largely a service based economy today and hence it is more protected form raw materials shortages. Second, the economy has had a steady history of strong growth and the faster an economy grows the quicker disruptions to that economy are dissipated. Finally, our economy is experiencing rapid technological advances in information systems which have served to reduce costs and maintain output in a wide number of economic sectors

  6. The linkage between oil price shocks and economic growth with inflation in the presence of technological advances: a CGE model

    International Nuclear Information System (INIS)

    Doroodian, K.; Boyd, R.

    2003-01-01

    This study examines whether oil price shocks are inflationary in the US. We increase the price of oil in the year 2000 in a manner consistent with the oil price shock of 1973-74 and let the economy experience a Hicksian technological change. Then using a dynamic computable general equilibrium (CGE) model, we conduct our analyses under two separate cases: (1) regular economic growth, and (2) low economic growth. We also run three technological scenarios: (1) no technology change, (2) technological advances in the manufacturing and refining sectors, and (3) technological advances in the manufacturing, refining, chemical, and service sectors. The effects of these changes are analyzed over the next 20 years until the year 2020. Our results suggest that while a shock of the magnitude experienced in the 1970s will have a fairly severe effect on such things as gasoline and refinery prices, the aggregate price changes will be largely dissipated over time at the aggregate level. Furthermore, the aggregate level of prices (CPI and PPI) will fall over time as the level of technological advances rise under both growth scenarios. There are several reasons why we would obtain such results. First of all, the structure of the US economy has changed remarkably since the early 1970s. Rather than being a manufacturing based economy, the US is largely a service based economy today and hence it is more protected from raw materials shortages. Second, the economy has had a steady history of strong growth and the faster an economy grows the quicker disruptions to that economy are dissipated. Finally, our economy is experiencing rapid technological advances in information systems which have served to reduce costs and maintain output in a wide number of economic sectors.(author)

  7. Monopolistic pricing power for transgenic crops when technology adopters face irreversible benefits and costs

    NARCIS (Netherlands)

    Weaver, R.D.; Wesseler, J.H.H.

    2004-01-01

    Pricing of biotechnology innovation under a patent grant is reconsidered in a model with uncertain returns and irreversible costs and benefits. Past results oil restricted monopoly pricing in the presence of competing technologies showed that pricing power is reduced. The timing of adoption of an

  8. Stock price change rate prediction by utilizing social network activities.

    Science.gov (United States)

    Deng, Shangkun; Mitsubuchi, Takashi; Sakurai, Akito

    2014-01-01

    Predicting stock price change rates for providing valuable information to investors is a challenging task. Individual participants may express their opinions in social network service (SNS) before or after their transactions in the market; we hypothesize that stock price change rate is better predicted by a function of social network service activities and technical indicators than by a function of just stock market activities. The hypothesis is tested by accuracy of predictions as well as performance of simulated trading because success or failure of prediction is better measured by profits or losses the investors gain or suffer. In this paper, we propose a hybrid model that combines multiple kernel learning (MKL) and genetic algorithm (GA). MKL is adopted to optimize the stock price change rate prediction models that are expressed in a multiple kernel linear function of different types of features extracted from different sources. GA is used to optimize the trading rules used in the simulated trading by fusing the return predictions and values of three well-known overbought and oversold technical indicators. Accumulated return and Sharpe ratio were used to test the goodness of performance of the simulated trading. Experimental results show that our proposed model performed better than other models including ones using state of the art techniques.

  9. Stock Price Change Rate Prediction by Utilizing Social Network Activities

    Directory of Open Access Journals (Sweden)

    Shangkun Deng

    2014-01-01

    Full Text Available Predicting stock price change rates for providing valuable information to investors is a challenging task. Individual participants may express their opinions in social network service (SNS before or after their transactions in the market; we hypothesize that stock price change rate is better predicted by a function of social network service activities and technical indicators than by a function of just stock market activities. The hypothesis is tested by accuracy of predictions as well as performance of simulated trading because success or failure of prediction is better measured by profits or losses the investors gain or suffer. In this paper, we propose a hybrid model that combines multiple kernel learning (MKL and genetic algorithm (GA. MKL is adopted to optimize the stock price change rate prediction models that are expressed in a multiple kernel linear function of different types of features extracted from different sources. GA is used to optimize the trading rules used in the simulated trading by fusing the return predictions and values of three well-known overbought and oversold technical indicators. Accumulated return and Sharpe ratio were used to test the goodness of performance of the simulated trading. Experimental results show that our proposed model performed better than other models including ones using state of the art techniques.

  10. Natural gas prices and the end of gradual change

    International Nuclear Information System (INIS)

    Osten, J.A.

    1998-01-01

    Natural gas price predictions for the years 1998, 1999-2001, 2000-2005 are provided. In general, prices are predicted to decrease with increase in storage. Some other factors that will influence the price of natural gas and, therefore, should receive consideration in price predictions, include growth in demand, natural gas production, deliverability, new pipelines, and the Alberta price basis. tabs., figs

  11. Fuel price and technological uncertainty in a real options model for electricity planning

    International Nuclear Information System (INIS)

    Fuss, Sabine; Szolgayova, Jana

    2010-01-01

    Electricity generation is an important source of total CO 2 emissions, which in turn have been found to relate to an acceleration of global warming. Given that many OECD countries have to replace substantial portions of their electricity-generating capacity over the next 10-20 years, investment decisions today will determine the CO 2 -intensity of the future energy mix. But by what type of power plants will old (mostly fossil-fuel-fired) capacity be replaced? Given that modern, less carbon-intensive technologies are still expensive but can be expected to undergo improvements due to technical change in the near future, they may become more attractive, especially if fossil fuel price volatility makes traditional technologies more risky. At the same time, technological progress is an inherently uncertain process itself. In this paper, we use a real options model with stochastic technical change and stochastic fossil fuel prices in order to investigate their impact on replacement investment decisions in the electricity sector. We find that the uncertainty associated with the technological progress of renewable energy technologies leads to a postponement of investment. Even the simultaneous inclusion of stochastic fossil fuel prices in the same model does not make renewable energy competitive compared to fossil-fuel-fired technology in the short run based on the data used. This implies that policymakers have to intervene if renewable energy is supposed to get diffused more quickly. Otherwise, old fossil-fuel-fired equipment will be refurbished or replaced by fossil-fuel-fired capacity again, which enforces the lock-in of the current system into unsustainable electricity generation. (author)

  12. Analysis of soybean supply to price changes in the domestic market ...

    African Journals Online (AJOL)

    The study showed that farmers' responses were not encouraging in the production and supply of soybean in the domestic markets with respect to the dictate of prices, price expectations and price of groundnut as a chosen competitive enterprise. Keywords: Response, soybean supply, price changes, soybean market, ...

  13. Oil prices and the stock prices of alternative energy companies

    International Nuclear Information System (INIS)

    Henriques, Irene; Sadorsky, Perry

    2008-01-01

    Energy security issues coupled with increased concern over the natural environment are driving factors behind oil price movements. While it is widely accepted that rising oil prices are good for the financial performance of alternative energy companies, there has been relatively little statistical work done to measure just how sensitive the financial performance of alternative energy companies are to changes in oil prices. In this paper, a four variable vector autoregression model is developed and estimated in order to investigate the empirical relationship between alternative energy stock prices, technology stock prices, oil prices, and interest rates. Our results show technology stock prices and oil prices each individually Granger cause the stock prices of alternative energy companies. Simulation results show that a shock to technology stock prices has a larger impact on alternative energy stock prices than does a shock to oil prices. These results should be of use to investors, managers and policy makers. (author)

  14. Oil price induced gas acquisition contracts. Immune to price changes; Oelpreisindizierte Gasbezugsvertraege. Immun gegen Preisaenderungen

    Energy Technology Data Exchange (ETDEWEB)

    Verhoeven, Meike [Soptim AG, Aachen (Germany)

    2012-10-15

    The gas price continues to be linked to the oil price. Gas utilities that must buy gas in these conditions and sell it at a fixed price incur considerable financial risk. Especially with long-term buying contracts, and especially for gas from Russia, producers insist on linking to the oil price. Gas utilities, on the other hand, had to stop to sell gas at a price linked to the oil price two years ago. Utilities attempt to protect themselves, e.g. via oil swaps. Professional portfolio management is necessary to cope with the risks and the highly complex processes involved.

  15. An EKC-pattern in historical perspective. Carbon dioxide emissions, technology, fuel prices and growth in Sweden 1870-1997

    International Nuclear Information System (INIS)

    Lindmark, Magnus

    2002-01-01

    The environmental Kuznets curve (EKC) has been subject to research and debate since the early 1990s. This article examines the inverted-U trajectory of Swedish CO 2 emissions during an extended time period beginning in 1870. The basis for the investigation is a structural time series approach that utilizes a stochastic trend as an indicator of technological and structural change, and GDP growth and changes in the price of fuel and cement price as independent variables. Finally, the development of technological and structural change with respect to CO 2 emissions is interpreted within the context of growth regimes. The result suggests that the period 1920-1960, with high, sustained growth rates was associated with less technological and structural changes relating to CO 2 emissions than periods with lower growth rates, such as the late 1800s and the post-1970 period. Furthermore, it is suggested that time-specific technological clusters may affect EKC patterns

  16. Price effects of changing quantities supplied at the integrated european fish market

    DEFF Research Database (Denmark)

    Nielsen, Max; Smit, Jos; Guillen, Jordi

    2012-01-01

    to be −1.1. This implies that price flexibilities previously estimated for single European countries underestimate price changes at the European level caused by quantity changes. Results indicate that changing quantities can increase revenues from individual species with large own-price flexibilities...

  17. Two Propositions on the Application of Point Elasticities to Finite Price Changes.

    Science.gov (United States)

    Daskin, Alan J.

    1992-01-01

    Considers counterintuitive propositions about using point elasticities to estimate quantity changes in response to price changes. Suggests that elasticity increases with price along a linear demand curve, but falling quantity demand offsets it. Argues that point elasticity with finite percentage change in price only approximates percentage change…

  18. Behavioural models of technological change

    NARCIS (Netherlands)

    Zeppini, P.

    2011-01-01

    Technological change still remains an important driver of the economy. This thesis studies the endogenous forces of technological change stemming from behavioural interactions within populations of many agents. Four theoretical models are proposed that describe consumers’ and suppliers’ behaviour

  19. Does renewable energies’ usage act as a shield against oil price changes?

    OpenAIRE

    Cardoso, Duarte Cortez dos Santos Vaz

    2014-01-01

    The purpose of this dissertation is to contribute to the existing literature on equity markets and energy prices by studying the impact of oil price changes on several American and European companies, taking into consideration their level of renewable energies’ usage within the total energy consumption. The results show that in fact there is an overall negative impact of oil price changes. However, when we split the oil price changes in positive and negative ones, it seems that their impact i...

  20. Determinants of agro-food price changes in Slovenia

    OpenAIRE

    Gričar, Sergej; Bojnec, Štefan

    2013-01-01

    This paper investigates the impacts of the current economic developments, the Euro adoption, and input prices on the consumer food prices. The focus of the analysis is on the consumer food price developments during the Slovenian adjustments towards the European Union membership, the Euro adoption by the followed increased in consumer prices, and the current economic and financial conditions. The empirical analysis on the determinants of the consumer food prices is based on the monthly statist...

  1. 78 FR 63433 - International Mailing Services: Proposed Price Changes-CPI

    Science.gov (United States)

    2013-10-24

    ... POSTAL SERVICE 39 CFR Part 20 International Mailing Services: Proposed Price Changes--CPI AGENCY... mailing services price adjustments with the Postal Regulatory Commission (PRC), effective on January 26... Postal Service, International Mail Manual (IMM[supreg]) to reflect these new price changes. DATES: We...

  2. Endogeneous price leadership in a duopoly: equal products, unequal technology

    NARCIS (Netherlands)

    Dastidar, K.G.; Furth, D.

    2005-01-01

    In the present paper we study endogenous price leadership in the context of a homogeneous product Bertrand duopoly model in which the firms have different, strictly convex cost functions. In such a framework it is well known that a simultaneous move price choice game does not have an equilibrium in

  3. Pricing strategy for aesthetic surgery: economic analysis of a resident clinic's change in fees.

    Science.gov (United States)

    Krieger, L M; Shaw, W W

    1999-02-01

    The laws of microeconomics explain how prices affect consumer purchasing decisions and thus overall revenues and profits. These principles can easily be applied to the behavior aesthetic plastic surgery patients. The UCLA Division of Plastic Surgery resident aesthetics clinic recently offered a radical price change for its services. The effects of this change on demand for services and revenue were tracked. Economic analysis was applied to see if this price change resulted in the maximization of total revenues, or if additional price changes could further optimize them. Economic analysis of pricing involves several steps. The first step is to assess demand. The number of procedures performed by a given practice at different price levels can be plotted to create a demand curve. From this curve, price sensitivities of consumers can be calculated (price elasticity of demand). This information can then be used to determine the pricing level that creates demand for the exact number of procedures that yield optimal revenues. In economic parlance, revenues are maximized by pricing services such that elasticity is equal to 1 (the point of unit elasticity). At the UCLA resident clinic, average total fees per procedure were reduced by 40 percent. This resulted in a 250-percent increase in procedures performed for representative 4-month periods before and after the price change. Net revenues increased by 52 percent. Economic analysis showed that the price elasticity of demand before the price change was 6.2. After the price change it was 1. We conclude that the magnitude of the price change resulted in a fee schedule that yielded the highest possible revenues from the resident clinic. These results show that changes in price do affect total revenue and that the nature of these effects can be understood, predicted, and maximized using the tools of microeconomics.

  4. 77 FR 64725 - International Product and Price Changes

    Science.gov (United States)

    2012-10-23

    ... Postage or a permit imprint, (i.e., Click-N-Ship for Business, Webtools) must pay the retail price... Commercial Base TM price and Commercial Plus TM price for customers that prepare and pay for GXG shipments... at least $100,000 in revenue per year for not only GXG, Express Mail International, Priority Mail...

  5. Solar Cooker Technological Change

    DEFF Research Database (Denmark)

    Ahmad, Bashir

    1997-01-01

    The challenges which solar cooking technology is facing right now is discussed. Based on a field study in Madras and Gujarat, it is asserted that there is an important incompatibility between the technology and the every day real-life conditions of the "users" of solar cooker. An evaluation report...... on a solar cooker technology in Burkina Faso supports the findings of the study. It is concluded that the users and other important actors have to be incorporated in the technological development process of solar cookers in the future....

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

    International Nuclear Information System (INIS)

    Kruse, Juergen; Wetzel, Heike; Koeln Univ.

    2014-01-01

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

  7. International crude oil prices and the stock prices of clean energy and technology companies: Evidence from non-linear cointegration tests with unknown structural breaks

    International Nuclear Information System (INIS)

    Bondia, Ripsy; Ghosh, Sajal; Kanjilal, Kakali

    2016-01-01

    Increasing greenhouse gas emissions, exhaustibility and geo-politics induced price volatility of crude oil has magnified the importance of looking for alternative sources of energy. In this paper, we investigate the long term relationship of stock prices of alternative energy companies with oil prices in a multivariate framework. To this end, we use threshold cointegration tests, which endogenously incorporate possible regime shifts in long run relationship of underlying variables. In contrast to the findings of the previous study by Managi and Okimoto (2013), our results indicate presence of cointegration among the variables with two endogenous structural breaks. This study confirms that ignoring the presence of structural breaks in a long time series data, as has been done in previous study, can produce misleading results. In terms of causality, while the stock prices of alternative energy companies are impacted by technology stock prices, oil prices and interest rates in the short run, there is no causality running towards prices of alternative energy stock prices in the long run. The study discusses the possible reasons behind the empirical findings and concludes with a discussion on short run and long run investment opportunities for the investors. - Highlights: • Cointegration between alternative energy companies stock price and oil price. • Threshold cointegration tests are employed. • Cointegration among the variables exists with two endogenous structural breaks. • Alternative energy companies stock price impacted by oil prices in short run. • No causality running towards prices of alternative energy stock prices in long run.

  8. Welfare Effects of Tax and Price Changes Revisited

    DEFF Research Database (Denmark)

    Munk, Knud Jørgen

    Dixit's 1975 paper "Welfare Effects of Tax and Price Changes" constitutes a seminal contribution to the theory of tax reform analysis within a second-best general equilibrium framework. The present paper clarifies ambiguities with respect to normalisation which have led to misinterpretation of some...... of Dixit's analytical results. It proves that a marginal tax reform starting from a proportional tax system will improve social welfare if it increases the supply of labour, whatever the rule of normalisation adopted, and shows that this result provides the key to understanding what determines the optimal...... commodities the insight that the optimal tax system is determined as a trade-off between two objectives: 1) to encourage the supply of labour to the market, and 2), to limit the distortion of the pattern of consumption of produced commodities. This insight cannot be illustrated by simulation studies using...

  9. Application of Neural Network Technologies for Price Forecasting in the Liberalized Electricity Market

    Science.gov (United States)

    Gerikh, Valentin; Kolosok, Irina; Kurbatsky, Victor; Tomin, Nikita

    2009-01-01

    The paper presents the results of experimental studies concerning calculation of electricity prices in different price zones in Russia and Europe. The calculations are based on the intelligent software "ANAPRO" that implements the approaches based on the modern methods of data analysis and artificial intelligence technologies.

  10. Time-changed geometric fractional Brownian motion and option pricing with transaction costs

    Science.gov (United States)

    Gu, Hui; Liang, Jin-Rong; Zhang, Yun-Xiu

    2012-08-01

    This paper deals with the problem of discrete time option pricing by a fractional subdiffusive Black-Scholes model. The price of the underlying stock follows a time-changed geometric fractional Brownian motion. By a mean self-financing delta-hedging argument, the pricing formula for the European call option in discrete time setting is obtained.

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

    Science.gov (United States)

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

    2015-12-01

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

  12. Oil Production, The Price Crash and Uncertainty in Climate Change

    Science.gov (United States)

    Murray, J. W.

    2015-12-01

    World oil production increased to about 74 million barrels per day by January 2005, and was fairly constant until 2011 when it started to increase to 77.8 mb/d in 2014. This spectacular increase of 4 mb/d was almost entirely due to a sharp increase in production in the US from shale formations, called light tight oil (LTO). World oil production minus this increase in US LTO Production has been flat since 2005 at about 74 mb/d. When US production starts to decline, world oil production likely will as well. That surge is forecast to end soon because LTO is expensive to produce, the first year decline rates are extremely high requiring many new wells each year to maintain or increase production and the most productive locations have already been drilled. It is unprofitable for the Exploration and Production (E&P) companies. Full-year free cash flow has been negative for most tight oil E&P companies since 2009. The total negative cash flow for the 19 largest E&P companies totaled 10.5B in 2014. The surge in US LTO production created an imbalance in global supply and demand and resulted in a 50% decrease in the price of oil. The tight-oil producers who were are financially marginal at an oil price greater than 90 per barrel are even more so at the lower price. As a result the surge in US production of LTO is declining, making it unlikely that world oil production will exceed the present value of about 28 Gb/yr (equivalent to 75 mb/d) (175 EJ/yr). Many of the SRES (IPCC Special Report on Emission Scenarios) and RCP (IPCC Representative Concentration Pathways) projections (especially RCP 8.5 and 6) require CO2 emissions due to oil consumption in the range of 32 Gb/yr to 57 Gb/yr (200 to 350 EJ/yr). The higher values would require a doubling of world oil production. It is highly uncertain whether the higher CO2 scenarios will be reached. This is an element of uncertainty missing from most considerations of future climate change.

  13. Technology trends, energy prices affect worldwide rig activity

    International Nuclear Information System (INIS)

    Rappold, K.

    1995-01-01

    The major worldwide offshore rig markets have improved slightly this year, while the onshore markets generally lagged slightly. Offshore rig utilization rates have remained strong worldwide, with some areas reaching nearly 100%. Total worldwide offshore rig (jack ups, semisubmersible, drillships, submersibles, and barges) utilization was about 86%. Offshore drilling activity is driven primarily by oil and natural gas price expectations. Natural gas prices tend to drive North American offshore drilling activity, including the shallow waters in the Gulf of Mexico. International offshore drilling activity and deepwater projects in the Gulf of Mexico are more closely tied to oil prices. The paper discusses US rig count, directional drilling activity, jack up rig demand, semisubmersibles demand, rig replacement costs, and new construction

  14. Viewpoint On the Climate Change Effects of High Oil Prices

    International Nuclear Information System (INIS)

    Vielle, M.; Viguier, L.

    2005-11-01

    Some commentators claim that the oil market has achieved within a few months what international bureaucrats have struggled to obtain in a decade of international climate negotiations. The fallacy of the oil price argument is that substitutions and income effects that would result from higher oil prices are not considered. Using a computable general equilibrium model, we show that high oil prices cannot serve as substitutes for effective climate policies.

  15. Technology Education and Societal Change.

    Science.gov (United States)

    Gilberti, Anthony F.

    1994-01-01

    Citizens in a democracy should understand the relationship of technological development to societal change. The rationale for universal technological education stems from the ideals of cultural education, the responsibilities of democratic life, and the need for economic security. Technology education furthers understanding of our technological…

  16. An energy pricing scheme for the diffusion of decentralized renewable technology investment in developing countries

    International Nuclear Information System (INIS)

    Thiam, Djiby Racine

    2011-01-01

    The purpose of this paper is to investigate price support for market penetration of renewable energy in developing nations through a decentralized supply process. We integrate the new decentralized energy support: renewable premium tariff, to analyze impacts of tariff incentives on the diffusion of renewable technology in Senegal. Based on photovoltaic and wind technologies and an assessment of renewable energy resources in Senegal, an optimization technique is combined with a cash flow analysis to investigate investment decisions in renewable energy sector. Our findings indicate that this support mechanism could strengthen the sustainable deployment of renewable energy in remote areas of Senegal. Although different payoffs emerged, profits associated with a renewable premium tariff are the highest among the set of existing payoffs. Moreover in analyzing impacts of price incentives on social welfare, we show that price tariffing schemes must be strategically scrutinized in order to minimize welfare loss associated with price incentives. Finally we argue that a sustainable promotion of incentive mechanisms supporting deployment of renewable technology in developing nations should be carried out under reliable institutional structures. The additional advantage of the proposed methodology is its ability to integrate different stakeholders (producers, investors and consumers) in the planning process. - Highlights: → We simulate impacts of price support for market penetration of renewable technology in developing nations. → An array of price incentive mechanisms strengthens diffusion of renewable technology in Senegal. → Moreover, reliable institutional frameworks in developing nations are a requirement in order to strengthen diffusion path of renewable technologies.

  17. Foreigners vs. Natives : Bank Lending Technologies and Loan Pricing

    NARCIS (Netherlands)

    Beck, T.H.L.; Ioannidou, V.; Schäfer, L.

    2012-01-01

    Abstract: Do domestic and foreign banks differ in their lending techniques and loan pricing models? Are such differences driven by different clienteles? Using a sample of firms that borrow from both domestic and foreign banks in the same month, we show significant differences in lending techniques

  18. 75 FR 69334 - International Product and Price Changes

    Science.gov (United States)

    2010-11-12

    ... illustrate Global Express Guaranteed and Express Mail International permit imprints.] [GRAPHIC] [TIFF OMITTED.... Priority Mail Gift Card Flat Rate Priority Mail DVD Box, 7\\9/ Envelope, 10'' x 7'', Item EP 14-GT. 16\\'' x... appropriate Price Group table based on the prices below:] BILLING CODE P [[Page 69340

  19. Purchasing medical innovation the right technology, for the right patient, at the right price

    CERN Document Server

    Robinson, James C

    2015-01-01

    Innovation in medical technology generates a remarkable supply of new drugs, devices, and diagnostics that improve health, reduce risks, and extend life. But these technologies are too often used on the wrong patient, in the wrong setting, or at an unaffordable price. The only way to moderate the growth in health care costs without undermining the dynamic of medical innovation is to improve the process of assessing, pricing, prescribing, and using new technologies. Purchasing Medical Innovation analyzes the contemporary revolution in the purchasing of health care technology, with a focus on th

  20. Essays in energy, environment and technological change

    Science.gov (United States)

    Zhou, Yichen Christy

    This dissertation studies technological change in the context of energy and environmental economics. Technology plays a key role in reducing greenhouse gas emissions from the transportation sector. Chapter 1 estimates a structural model of the car industry that allows for endogenous product characteristics to investigate how gasoline taxes, R&D subsidies and competition affect fuel efficiency and vehicle prices in the medium-run, both through car-makers' decisions to adopt technologies and through their investments in knowledge capital. I use technology adoption and automotive patents data for 1986-2006 to estimate this model. I show that 92% of fuel efficiency improvements between 1986 and 2006 were driven by technology adoption, while the role of knowledge capital is largely to reduce the marginal production costs of fuel-efficient cars. A counterfactual predicts that an additional 1/gallon gasoline tax in 2006 would have increased the technology adoption rate, and raised average fuel efficiency by 0.47 miles/gallon, twice the annual fuel efficiency improvement in 2003-2006. An R&D subsidy that would reduce the marginal cost of knowledge capital by 25% in 2006 would have raised investment in knowledge capital. This subsidy would have raised fuel efficiency only by 0.06 miles/gallon in 2006, but would have increased variable profits by 2.3 billion over all firms that year. Passenger vehicle fuel economy standards in the United States will require substantial improvements in new vehicle fuel economy over the next decade. Economic theory suggests that vehicle manufacturers adopt greater fuel-saving technologies for vehicles with larger market size. Chapter 2 documents a strong connection between market size, measured by sales, and technology adoption. Using variation consumer demographics and purchasing pattern to account for the endogeneity of market size, we find that a 10 percent increase in market size raises vehicle fuel efficiency by 0.3 percent, as compared

  1. Price changing and inventory sharing in supply chain management

    Directory of Open Access Journals (Sweden)

    Kristina Šorić

    2017-01-01

    Full Text Available The main task of supply chain management is to balance efficiency and effectiveness. Numerous operational management strategies are used to make a supply chain efficient, one such is inventory management. In this paper, we will consider a particular part of a supply chain consisting comprising a manufacturer and a retailer with the goal of minimizing associated inventory costs. We will focus on an inventory of final products determined as the difference between supply and demand and are expressed as a function of price, inflation rate and change in inflation rate resulting in the possible speculations. The manufacturer’s inventory cost is a function of these same variables, with the retailer’s inventory cost having the same function in addition to the margin. The problem is formulated as a dynamic game to share the speculation problem. The optimization problems to be solved are optimal control theory problems with objective functions in the form of integral functional with the integrand depending on the state function and its first and second derivative.

  2. Environmental Policy and Technological Change

    International Nuclear Information System (INIS)

    Jaffe, Adam B.; Newell, Richard G.; Stavins, Robert N.

    2002-01-01

    The relationship between technological change and environmental policy has received increasing attention from scholars and policy makers alike over the past ten years. This is partly because the environmental impacts of social activity are significantly affected by technological change, and partly because environmental policy interventions themselves create new constraints and incentives that affect the process of technological developments. Our central purpose in this article is to provide environmental economists with a useful guide to research on technological change and the analytical tools that can be used to explore further the interaction between technology and the environment. In Part 1 of the article, we provide an overview of analytical frameworks for investigating the economics of technological change, highlighting key issues for the researcher. In Part 2, we turn our attention to theoretical analysis of the effects of environmental policy on technological change, and in Part 3, we focus on issues related to the empirical analysis of technology innovation and diffusion. Finally, we conclude in Part 4 with some additional suggestions for research

  3. Production Costs of Alternative Transportation Fuels. Influence of Crude Oil Price and Technology Maturity

    Energy Technology Data Exchange (ETDEWEB)

    Cazzola, Pierpaolo; Morrison, Geoff; Kaneko, Hiroyuki; Cuenot, Francois; Ghandi, Abbas; Fulton, Lewis

    2013-07-01

    This study examines the production costs of a range of transport fuels and energy carriers under varying crude oil price assumptions and technology market maturation levels. An engineering ''bottom-up'' approach is used to estimate the effect of the input cost of oil and of various technological assumptions on the finished price of these fuels. In total, the production costs of 20 fuels are examined for crude oil prices between USD 60 and USD 150 per barrel. Some fuel pathways can be competitive with oil as their production, transport and storage technology matures, and as oil price increases. Rising oil prices will offer new opportunities to switch to alternative fuels for transport, to diversify the energy mix of the transport sector, and to reduce the exposure of the whole system to price volatility and potential distuption of supply. In a time of uncertainty about the leading vehicle technology to decarbonize the transport sector, looking at the fuel cost brings key information to be considered to keep mobility affordable yet sustainable.

  4. Is there an asymmetry in the response of diesel and petrol prices to crude oil price changes? Evidence from New Zealand

    International Nuclear Information System (INIS)

    Liu, Ming-Hua; Margaritis, Dimitris; Tourani-Rad, Alireza

    2010-01-01

    This paper examines how pre-tax petrol and diesel prices in New Zealand respond to changes in crude oil prices using an asymmetric error correction model. Our results show that oil companies adjust diesel prices upwards faster than they adjust them downwards, and the difference is statistically significant. However we find no statistical evidence for an asymmetry in the adjustment of petrol prices even though the magnitude of estimated coefficients suggests a faster response to rising prices. As diesel pricing is not as competitive as petrol pricing, calls for further government actions and monitoring of the oil market may be justified. Our findings also have important implications for the conduct of monetary policy as the pass-through of crude oil price changes can affect cost-push inflation. (author)

  5. Incorporating the value of changes in price volatility into cost-benefit analysis-an application to oil prices in the transport sector

    DEFF Research Database (Denmark)

    Jensen, Thomas Christian; Møller, Flemming

    2010-01-01

    in the policy assessment taking into account the most significant correlations between prices of alternative fuels and between fuel prices and consumption in general. In the present paper, a method of valuing changes in price volatility based on portfolio theory is applied to some very simple transport...

  6. 75 FR 39475 - International Mail: Proposed Changes in Prices and Fees

    Science.gov (United States)

    2010-07-09

    ... Fee International Reply Coupons International Business Reply Service Registered Mail TM Return Receipt....3a to change the price to $2.20.] * * * * * 382 International Business Reply Service * * * * * 382.4... POSTAL SERVICE 39 CFR Part 20 International Mail: Proposed Changes in Prices and Fees AGENCY...

  7. Electrical markets, energy security and technology diversification: nuclear as cover against gas and carbon price risks?

    International Nuclear Information System (INIS)

    Roques, F.A.; Newbery, D.M.; Nuttall, W.J.; Neufville, R. de

    2005-01-01

    Recent tension in the oil and gas markets has brought back the concept of energy offer diversification. Electrical production technology diversification in a country helps improve the security of supply and make up for the negative effects of hydrocarbons price variations. The portfolio and real options theories help to quantify the optimum diversification level for a country or a power company. The cover value of a nuclear investment for a power company facing cost uncertainties (price of gas and of carbon dioxide emission permit) and proceeds (price of electricity) is assessed. A strong link between the prices of gas and electricity reduces incentives to private producers to diversify, disputing the capacity of a liberalized electrical market to achieve optimum technology diversity from a domestic point of view. (authors)

  8. The Asymmetric Effects of Oil Price Changes on the Economic Activities in Indonesia

    OpenAIRE

    Rina Juliet Artami; Yonosuke Hara

    2018-01-01

    This paper analyzes the asymmetric impact of oil price changes on the economic growth of and inflation in Indonesia by using the vector autoregression (VAR) model for the period from 1990Q1 to 2016Q4. The results show that the impact of oil price changes on the gross domestic product (GDP) is asymmetric, as a drop in oil prices decreases the GDP, whereas an increase in oil prices does not significantly affect GDP. It is crucial for Indonesia to reduce its dependency on oil, mainly as its prim...

  9. Does Climate Change Mitigation Activity Affect Crude Oil Prices? Evidence from Dynamic Panel Model

    Directory of Open Access Journals (Sweden)

    Jude C. Dike

    2014-01-01

    Full Text Available This paper empirically investigates how climate change mitigation affects crude oil prices while using carbon intensity as the indicator for climate change mitigation. The relationship between crude oil prices and carbon intensity is estimated using an Arellano and Bond GMM dynamic panel model. This study undertakes a regional-level analysis because of the geographical similarities among the countries in a region. Regions considered for the study are Africa, Asia and Oceania, Central and South America, the EU, the Middle East, and North America. Results show that there is a positive relationship between crude oil prices and carbon intensity, and a 1% change in carbon intensity is expected to cause about 1.6% change in crude oil prices in the short run and 8.4% change in crude oil prices in the long run while the speed of adjustment is 19%.

  10. Political Economy and Irrigation Technology Adoption Implications of Water Pricing under Asymmetric Information

    OpenAIRE

    Dridi, Chokri; Khanna, Madhu

    2005-01-01

    We analyze the design of water pricing rules emerging from farmers' lobbying and their implications for the size of the lobby, water use, profits and social welfare. The lobbying groups are the adopters of modern irrigation technology and the non-adopters. The pricing rules are designed to meet budget balance of water provision; we considered (i) a two-part tariff composed of a mandatory per-acre fee plus a volumetric charge and (ii) a nonlinear pricing schedule. Our results show that under e...

  11. Prices, Politics and Persuasion: The Case of Pollution Control and Clean Technology Adoption

    OpenAIRE

    Wenli Cheng; Dingsheng Zhang; CEMA, Central University of Finance and Economics

    2013-01-01

    This paper presents three simple models to study how prices, politics and persuasion may each play a role in environmental policymaking. Our conclusions are twofold. First, in the absence of increasing returns, requiring the polluting industry to purchase pollution permits can internalize the negative externality of pollution, and the optimal price of pollution permits should increase with the disutility of pollution. Second, with increasing returns in the industry using clean technologies, i...

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-11-15

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

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

    International Nuclear Information System (INIS)

    Milani, Fabio

    2009-01-01

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

  14. Carpooling and Driver Responses to Fuel Price Changes: Evidence from Traffic Flows in Los Angeles

    OpenAIRE

    Antonio M. Bento; Jonathan E. Hughes; Daniel T. Kaffine

    2012-01-01

    Understanding how drivers respond to fuel price changes has important implications for highway congestion, accidents, carbon policy, local air pollution and taxation. We examine the underexplored relationship between fuel prices and carpooling. Using a simple theoretical model we show that traffic flows in mainline lanes decrease when fuel prices increase. However in carpool (HOV) lanes, flow can either increase or decrease. Traffic flows in mainline lanes are shown to be more responsive to p...

  15. An econometric analysis of electricity demand response to price changes at the intra-day horizon: The case of manufacturing industry in West Denmark

    Directory of Open Access Journals (Sweden)

    Niels Framroze Møller

    2015-06-01

    Full Text Available The use of renewable energy implies a more variable supply of power. Market efficiency may improve if demand can absorb some of this variability by being more flexible, e.g. by responding quickly to changes in the market price of power. To learn about this, in particular, whether demand responds already within the same day, we suggest an econometric model for hourly consumption- and price time series. This allows for multi-level seasonality and that information about day-ahead prices does not arrive every hour but every 24th hour (as a vector of 24 prices. We confront the model with data from the manufacturing industry of West Denmark (2007-2011. The results clearly suggest a lack of response. The policy implication is that relying exclusively on hourly price response by consumers for integrating volatile renewable electricity production is questionable. Either hourly price variation has to increase considerably or demand response technologies be installed.

  16. The role of market fundamentals and speculation in recent price changes for crude oil

    International Nuclear Information System (INIS)

    Kaufmann, Robert K.

    2011-01-01

    I hypothesize that the price spike and collapse of 2007-2008 are driven by both changes in both market fundamentals and speculative pressures. Contrary to arguments for a demand shock, I hypothesize that prices rise sharply in 2007-2008 because ongoing growth in Chinese oil demand runs into a sudden and unexpected halt to a decade long increase in non-OPEC production. This caused a loss of OPEC spare capacity because increased demand for OPEC production runs ahead of increases in OPEC capacity. These changes are reinforced by speculative expectations. Although difficult to measure directly, I argue for the role of speculation based on the following: (1) a significant increase in private US crude oil inventories since 2004; (2) repeated and extended break-downs (starting in 2004) in the cointegrating relationship between spot and far month future prices that are inconsistent with the law of one price and arbitrage opportunities; and (3) statistical and predictive failures by an econometric model of oil prices that is based on market fundamentals. These changes are related to the behavior and impact of noise traders on asset prices to sketch mechanisms by which speculative expectations can affect crude oil prices. - Research Highlights: → The 2007-2009 spike and collapse in oil prices is caused by a combination of market fundamentals and speculative expectations. → The rise is caused by an unexpected hiatus in non-OPEC oil production, not a sudden increase in demand. → The role of speculation is suggested by an increase in oil inventories, which reverses a twenty year period of declines, a decoupling between spot and futures prices, which violates the law of one price, and a breakdown of empirical models of oil prices based solely on market fundamentals. → Speculative expectations affect oil prices via noise traders, who create a risk that deters rational arbitrageurs from betting against them.

  17. Climate change economics: Make carbon pricing a priority

    Science.gov (United States)

    Hepburn, Cameron

    2017-06-01

    Estimates of the social cost of carbon vary widely as a function of different ethical parameters. Faced with values ranging from US$10 to US$1,000 per tCO2 and above, some perplexed policymakers have adopted 'target-consistent' carbon pricing instead.

  18. Analysis of forestry region when changing energy prices

    International Nuclear Information System (INIS)

    Loenner, G.; Nilsson, S.; Nordvall, H.O.

    1986-10-01

    Altered energy prices will reflect a possible nuclear power phaseout. The aim has been to elucidate the situation of the year 2000. The so called world bank model has been used. The forecasting is summarized and commented upon. The results are considering cutting, sawmills, board industry, pulp and paper industry and the social consequences

  19. The Impact of Product Price Changes on the Turnover of Small and Medium Enterprises in Nigeria

    Directory of Open Access Journals (Sweden)

    Imoleayo Foyeke Obigbemi

    2010-05-01

    Full Text Available Pricing decision has been a crucial decision made by all business enterprises at all levels and has posed a great challenge for Small and Medium Enterprises in Nigeria. This research work treats the impact of change in price on the sales turnover of organizations, a study of SMEs in Nigeria. The methodology adopted was the survey and empirical approach, with the administration of questionnaires to some SMEs in Nigeria, evaluating the effect change in product price has on turnover. Primary and secondary sources were used to in collecting data. It was discovered that there is a relationship between change in cost of sales and turnover. Recommendations were made for the close monitoring of SMEs and that SMEs should employ the service of price experts when making pricing decisions.

  20. An EKC-pattern in historical perspective. Carbon dioxide emissions, technology, fuel prices and growth in Sweden 1870-1997

    Energy Technology Data Exchange (ETDEWEB)

    Lindmark, Magnus [Department of Economic History, Umea University, SE-901 87 Umea (Sweden)

    2002-08-01

    The environmental Kuznets curve (EKC) has been subject to research and debate since the early 1990s. This article examines the inverted-U trajectory of Swedish CO{sub 2} emissions during an extended time period beginning in 1870. The basis for the investigation is a structural time series approach that utilizes a stochastic trend as an indicator of technological and structural change, and GDP growth and changes in the price of fuel and cement price as independent variables. Finally, the development of technological and structural change with respect to CO{sub 2} emissions is interpreted within the context of growth regimes. The result suggests that the period 1920-1960, with high, sustained growth rates was associated with less technological and structural changes relating to CO{sub 2} emissions than periods with lower growth rates, such as the late 1800s and the post-1970 period. Furthermore, it is suggested that time-specific technological clusters may affect EKC patterns.

  1. 77 FR 65279 - Domestic Competitive Products Pricing and Mailing Standards Changes

    Science.gov (United States)

    2012-10-26

    ... POSTAL SERVICE 39 CFR Part 111 Domestic Competitive Products Pricing and Mailing Standards Changes... and mailing standards for the following competitive products: Express Mail[supreg], Priority Mail.... SUPPLEMENTARY INFORMATION: This final rule describes new prices and product features for competitive products...

  2. 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

  3. The Pass-Through of Exchange Rate Changes to Import Prices

    OpenAIRE

    Ketelsen, Uwe; Kortelainen, Mika

    1996-01-01

    In this paper we analyze the empirical relevance of exchange rate pass-through for Finland, Sweden and Denmark during the period 1980–1994. Further, we attempt to determine if there has been a structural change in the pass-through relationship in the1990s. We find that about half the changes in exchange rates and world prices are passed through to import prices within one year, and three-quarters of such changes are passed through to import prices in two years. Moreover, there are no major di...

  4. New technology expected to increase sharpness, reduce prices of scalpels

    CERN Multimedia

    2002-01-01

    Earlier this year, MDW Technologies introduced a new blade sharpening method called Ultra-Quantum. By combining micro machining and high-energy physics, cutting edges can be manufactured with an edge radius as small as one billionth of an inch and should make surgical tools cheaper and more effective (1 paragraph).

  5. Changes in plain bearing technology

    CERN Document Server

    Koring, Rolf

    2012-01-01

    A unique fusion of theoretical and practical knowledge, Changes in Plain Bearing Technology, by Rolf Koring, covers a meaningful range of expertise in this field.Drawing from years of experience in design development, materials selection, and their correlation to real-life part failure, this title, co-published by SAE International and expert Verlag (Germany), concentrates on hydrodynamic bearings lined with white metals, also known as Babbits.Written under the assumption that even the most mature body of knowledge can be revisited and improved, Changes in Plain Bearing Technology is a courageous and focused approach to questioning accepted test results and looking at alternative material compounds, and their application suitability.The process, which leads to innovative answers on how the technology is transforming itself to respond to new market requirements, shows how interdisciplinary thinking can recognize new potential in long-established industrial modus operandi.Tackling the highly complex issue of co...

  6. Gasoline prices in Canada : report of Standing Committee on Industry, Science and Technology

    International Nuclear Information System (INIS)

    Lastewka, W.

    2003-11-01

    The House of Commons Standing Committee on Industry, Science and Technology has reviewed the data on retail, rack and crude gasoline prices in Canada in response to soaring prices. Prices were compared to those in the United States and elsewhere. The Committee looked at all possible explanations for the most recent increase in gasoline prices and has concluded that the recent increase in the price of gasoline was the result of industry's competitive reactions to a series of international crises and abnormally cold weather in North America. No evidence indicated anticompetitive conduct on the part of the industry, nor was there evidence of abusive behaviour on the part of vertically integrated suppliers in the form of squeezing retail margins to eliminate or discipline independent retailers. The Committee relied on data collected and published by the industry. It would have preferred an independent source, but none was available. The Committee recommended that the Government of Canada create and fund a Petroleum Monitoring Agency to collect and disseminate price data on crude oil, refined petroleum products, and retail gasoline for all relevant North American markets. The agency will report to Parliament on an annual basis for 3 years. The report will include information on the competitive aspects of the petroleum sector in Canada. refs., tabs., figs

  7. The Asymmetric Effects of Oil Price Changes on the Economic Activities in Indonesia

    Directory of Open Access Journals (Sweden)

    Rina Juliet Artami

    2018-01-01

    Full Text Available This paper analyzes the asymmetric impact of oil price changes on the economic growth of and inflation in Indonesia by using the vector autoregression (VAR model for the period from 1990Q1 to 2016Q4. The results show that the impact of oil price changes on the gross domestic product (GDP is asymmetric, as a drop in oil prices decreases the GDP, whereas an increase in oil prices does not significantly affect GDP. It is crucial for Indonesia to reduce its dependency on oil, mainly as its primary source of revenue, and also consider utilizing more sources of renewable energy. At the same time, the effects of both the positive and negative changes in oil prices are found to be not statistically significant to inflation. The lack of impact of oil price changes on inflation can explain by the implementation of the fuel price subsidy in Indonesia.DOI: 10.15408/sjie.v7i1.6052

  8. The Shift of the Demand for Air Transport Services when Prices Change

    OpenAIRE

    Dan Pauna

    2011-01-01

    The decrease of the charge/unit price determines the extension of demand, as well as the increaseof the amount of a product/service required on the market. The relationship between the evolution ofcharge/unit price (the independent variable) and the market demand of a good/service (the dependentvariable) can be illustrated in a table, a function or a graph. The causal relationships between the change ofthe charge/unit price of a good/service and the change of the amount required represent the...

  9. Does Climate Change Mitigation Activity Affect Crude Oil Prices? Evidence from Dynamic Panel Model

    OpenAIRE

    Dike, Jude C.

    2014-01-01

    This paper empirically investigates how climate change mitigation affects crude oil prices while using carbon intensity as the indicator for climate change mitigation. The relationship between crude oil prices and carbon intensity is estimated using an Arellano and Bond GMM dynamic panel model. This study undertakes a regional-level analysis because of the geographical similarities among the countries in a region. Regions considered for the study are Africa, Asia and Oceania, Central and Sout...

  10. U.S. Cotton Prices and the World Cotton Market: Forecasting and Structural Change

    OpenAIRE

    Isengildina-Massa, Olga; MacDonald, Stephen

    2009-01-01

    The purpose of this study was to analyze structural changes that took place in the cotton industry in recent years and develop a statistical model that reflects the current drivers of U.S. cotton prices. Legislative changes authorized the U.S. Department of Agriculture to resume publishing cotton price forecasts for the first time in 79 years. In addition, systematic problems have become apparent in the forecasting models used by USDA and elsewhere, highlighting the need for an updated review...

  11. Considerations for Solar Energy Technologies to Make Progress Towards Grid Price Parity

    Energy Technology Data Exchange (ETDEWEB)

    Woodhouse, Michael; Fu, Ran; Chung, Donald; Horowitz, Kelsey; Remo, Timothy; Feldman, David; Margolis, Robert

    2015-11-07

    In this seminar the component costs for solar photovoltaics module and system prices will be highlighted. As a basis for comparison to other renewable and traditional energy options, the metric of focus will be total lifecycle cost-of-energy (LCOE). Several innovations to traditional photovoltaics technologies (including crystalline silicon, CdTe, and CIGS) and developing technologies (including organics and perovskites) that may close the gaps in LCOE will be discussed.

  12. The Medicaid Rebate: Changes in Oncology Drug Prices After the Affordable Care Act.

    Science.gov (United States)

    Bonakdar Tehrani, Ali; Carroll, Norman V

    2017-08-01

    Prescription drug spending is a significant component of Medicaid total expenditures. The Affordable Care Act (ACA) includes a provision that increases the Medicaid rebate for both brand-name and generic drugs. This study examines the extent to which oncology drug prices changed after the increase in the Medicaid rebate in 2010. A pre-post study design was used to evaluate the correlation between the Medicaid rebate increase and oncology drug prices after 2010 using 2006-2013 State Drug Utilization Data. The results show that the average annual price of top-selling cancer drugs in 2006, adjusted for inflation and secular changes in drug prices, have increased by US$154 and US$235 for branded and competitive brand drugs, respectively, following the 2010 ACA; however, generic oncology drug prices showed no significant changes. The findings from this study indicate that oncology drug prices have increased after the 2010 ACA, and suggest that pharmaceutical companies may have increased their drug prices to offset increases in Medicaid rebates.

  13. U.S. E and P surge hinges on technology, not oil price

    International Nuclear Information System (INIS)

    Anon.

    1997-01-01

    Technology, not oil and gas prices, have fueled the recent surge in US activity, leading to greater sustainability, according to Clarance P. Cazalot Jr., vice-president of Texaco Inc. and president of Texaco Exploration and Production Inc. Cazalot expects gas and oil prices to decrease slightly to within the historical range of $18--21/bbl for oil and $1.50--2.00/Mcf for gas for the next few years. Cazalot said the most critical factors affecting the future of US exploration and production activities are technology and personnel. Technology is driving the current industry boom in the Us and is the basis for Texaco's projected US production growth. Perhaps industry's greatest challenge is attracting, developing, and retaining skilled people at all levels, said Cazalot. People shortages result in increased competition for personnel with critical skills, high employee turnover rates, and increased costs associated with attracting and retaining technical talent. A table gives data on costs of well drilling

  14. PRICING, REIMBURSEMENT, AND HEALTH TECHNOLOGY ASSESSMENT OF MEDICINAL PRODUCTS IN BULGARIA.

    Science.gov (United States)

    Benisheva-Dimitrova, Tatyana; Sidjimova, Dobriana; Cherneva, Daniela; Kralimarkov, Nikolay

    2017-01-01

    The aim of this study was to investigate the analysis, discussion, and challenges of the price and reimbursement process of medicinal products in Bulgaria in the period 2000-15 and health technology assessment (HTA) role in these processes. The dynamics of the reform, with respect to the healthcare and pharmaceutical sectors, are tracked by documentary review of regulations, articles, and reports in the European Union (EU), as well as analytical and historical analysis. Pricing and reimbursement processes have passed through a variety of committees between 2003 and 2012. Separate units for pricing and reimbursement of medicinal products were established in Bulgaria for the first time, in 2013, when an independent body, the National Council at Prices and Reimbursement of Medicinal Products, was set up to approve medicinal products with new international nonproprietary names (INN) for reimbursement in Bulgaria. Over the course of 2 years (2013-14), thirty-three new INNs were approved for reimbursement. In December 2015, a new HTA body was introduced, and assigned to the National Centre for Public Health and Analyses. Although Bulgaria has current legislation on pricing and reimbursement which is in accordance with the EU rules, there is no mechanism for reporting and monitoring these processes or the financial resources annually, so as to provide an overall objective assessment and analysis by year. Therefore, this financial assessment should become a national policy objective for the future.

  15. Method of evaluation of solar collector cost under fuel price change

    International Nuclear Information System (INIS)

    Klychev, Sh. I.; Sadykova, N. S.; Saifiev, A. U.; Ismanzhanov, A. I.; Samiev, M.

    2013-01-01

    When we take into account the problems of large-scale use of solar energy, the matters of economic perspectives of solar plants in the future become vital. We present the method on whose basis evaluation of the cost of solar collectors is performed taking into account the change in the fuel prices. The method is based on the approach to evaluation of the cost of energy generated by the solar plants offered previously by the authors. Assuming that the components of expenditures for production are not changed, we obtained that the cost of solar collectors will grow, at approximately the same ratio as the growth of the prices for fuel (energy). Thus, the problem of creation of the economically effective solar collectors should be solved already today, at the existing prices for materials and fuel. At present, it is assumed that competitiveness of the solar plants will increase with the growth of the fuel prices. (authors)

  16. Innovation in technology for the least product price and cost - a new minimum cost relation for reductions during technological learning

    International Nuclear Information System (INIS)

    Duffey, R.B.

    2004-01-01

    By analogy with the concepts of human learning, we show and introduce a new method to obtain least product cost and price that includes the effect of innovation and technological learning in manufacturing and production. This key result is a new paradigm instead of the usual economic 'power law' formulation. The new analysis is based on extensive analysis of many technological systems, and is directly related to the presence of learning as experience is accumulated. The results agree with the observed data. By using a consistent basis, the method replaces previous empirical 'power law' descriptions of the technological learning curve with a new 'marginal minimum cost equation' (MCE). (author)

  17. Energy price, Environmental policy, and technological bias of photovoltaics

    International Nuclear Information System (INIS)

    Stambouli, A. Boudghene; Larbi, N.; Traversa, E.

    2006-01-01

    Energy is the most important resource for the development of a country and the utilisation of energy per capita is increasing tremendously. In fact energy security, economic growth and environmental protection (the three E's) are the national energy policy drivers of any country of the world. Utilisation on conventional energy will course environment pollution such as major environmental accidents, water pollution, maritime pollution, land use and sitting impact, radiation and radioactivity, solid waste disposal, hazardous air pollutions, ambient air quality (CO, CO2, SOx, NOx effluent gas emissions), acid rain, stratospheric ozone depletion, and global warming. The world's energy consumption today is estimated to 40 billion kWh per year, about 10 billion metric tons carbon equivalent of greenhouse gas emission are released in the atmosphere to meet this energy demand. Approximately 80% is due to carbon emissions from the combustion of energy fuels. In fact 14 billion tons of greenhouse gas, that contributes to global warming entered the atmosphere in 2003. World Energy Council (WEC) study found that without any change in our current practice, the world energy demand expectation in 2020 would be 53 billion kWh or 50 to 80% higher than 1990 levels. Such ever-increasing demand could place significant strain on the current energy infrastructure and potentially damage the world environment and people's health with over 700.000 deaths resulting each year, according to the World Bank. World emissions of carbon are expected to increase by 54% above 1990 levels by 2020 making the earth likely a warm 1.7-4.9 degree centigrade over the period 1990-2100. During the past century, global surface temperatures have increased at a rate near 0.6 degree centigrade/century. This trend has dramatically increased during the past 25 years and the average temperature of the Atlantic, Pacific and Indian Oceans has risen by 0.06 degree centigrade since 1995. Global temperatures in 2001were

  18. Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

    Directory of Open Access Journals (Sweden)

    Yung Yau

    2011-01-01

    Full Text Available Urban decay is an inevitable outcome of the growth of most cities, including Hong Kong. Many old buildings in Hong Kong are dilapidated, and it is urgent to tackle urban decay in the city. Redeveloping dilapidated buildings has long been regarded as an effective solution to this urban problem. Yet, as suggested in the literature, redevelopment may be responsible for gentrifying neighbourhoods because it pushes up property and rental prices near redeveloped sites. However, there are still few empirical studies on how comprehensive redevelopment affects housing values in a neighbourhood. In this light, this study investigates the impacts of the Urban Renewal Authority’s Argyle Street / Shanghai Street Redevelopment Project on the transaction prices of nearby housing. A set of panel data is employed and the change in the spatial price gradient before and after the redevelopment project is explored. The findings suggest that proximity to the project site had a significant positive impact on housing prices before the project. However, no change was seen in the spatial price gradient after completion of the project. These results confirm the findings of a previous study that housing prices do not respond to the change in the environmental quality resulting from comprehensive redevelopment.

  19. Structural changes in the German pharmaceutical market: price setting mechanisms based on the early benefit evaluation.

    Science.gov (United States)

    Henschke, Cornelia; Sundmacher, Leonie; Busse, Reinhard

    2013-03-01

    In the past, free price setting mechanisms in Germany led to high prices of patented pharmaceuticals and to increasing expenditures in the pharmaceutical sector. In order to control patented pharmaceutical prices and to curb increasing pharmaceutical spending, the Act for Restructuring the Pharmaceutical Market in Statutory Health Insurance (AMNOG) came into effect on 1st January 2011. In a structured dossier, pharmaceutical manufacturers have to demonstrate the additional therapeutic benefit of the newly approved pharmaceutical compared to its appropriate comparator. According to the level of additional benefit, pharmaceuticals will be subject to price negotiations between the Federal Association of Statutory Health Insurance Funds and the pharmaceutical company concerned (or assigned to a reference price group in case of no additional benefit). Therefore, the health care reform is a first step to decision making based on "value for money". The process of price setting based on early benefit evaluation has an impact on the German as well as the European pharmaceutical markets. Therefore, these structural changes in Germany are of importance for pricing decisions in many European countries both from a political point of view and for strategic planning for pharmaceutical manufacturers, which may have an effect on insured patients' access to pharmaceuticals. Copyright © 2012 Elsevier Ireland Ltd. All rights reserved.

  20. Evidence of asymmetric behavioral responses to changes in gasoline prices and taxes for different fuel types

    International Nuclear Information System (INIS)

    Bajo-Buenestado, Raúl

    2016-01-01

    Using monthly data from the Spanish gasoline retail market we explore asymmetries in consumers’ behavioral responses to changes in gasoline prices and taxes. In particular, we are interested in investigating whether an increase in gasoline taxes has a more negative impact on the demand than a –similar in magnitude– increase in the “pre-tax” price of gasoline for different fuel types. We estimate fuel consumers’ responses using a rich set of robust panel data models considering potential dynamic effects and endogeneity problems. We find evidence to confirm the existence of asymmetric responses for the demand of unleaded fuels and agricultural diesel fuel. However we cannot support this statement for the regular diesel case: for this fuel both the tax-exclusive price and the tax elasticities are roughly the same. This result agrees with the fact that “diesel drivers” tend to be better informed about changes in both fuel prices and taxes. Some implications in terms of fiscal policy and pollution and climate change policy are also discussed. - Highlights: •Provide evidence of asymmetric responses of gasoline demand due to changes in prices and taxes. •Identify differences in the elasticity of the demand of diesel fuel and unleaded gasoline. •Perform robustness checks considering dynamic effects and IV regression. •Provide some policy recommendations for future gasoline tax changes.

  1. 77 FR 71788 - Notice of Change to the Publication of Natural Gas Wellhead Prices

    Science.gov (United States)

    2012-12-04

    ... Act (Pub. L. 95-91, 42 U.S.C. 7101 et seq.) require the EIA to carry out a centralized, comprehensive... disseminates information on energy resource reserves, production, demand, technology, and related economic... gas wellhead price using a time-series econometric model, which incorporates data from historical...

  2. Analysis of cigarette demand in Argentina: the impact of price changes on consumption and government revenues

    Directory of Open Access Journals (Sweden)

    German Rodríguez-Iglesias

    2017-01-01

    Full Text Available Objective. To estimate cigarette demand and to simulate a tax policy targeted to reduce tobacco consumption. Materials and methods. Demand was estimated using a vector error correction model. Simulation exercises present the impact of a tax increase on consumption and revenues. Results. Changes in real income and the real price of cigarettes affect the demand for cigarettes in Argentina. The long term price elasticity is 0.279 (a 10% increase in real prices reduces cigarette consumption by 2.79% per quarter and the long term income elasticity is 0.411 (a 10% increase in real income raises consumption by 4.11% per quarter. Even in a conservative scenario, imulations show that increasing the price of cigarettes by 100% using excise taxes would maximize revenues and reduce cigarette consumption. Conclusion. There is sufficient room to increase taxes, reducing cigarette consumption, while still increasing tax revenues.

  3. Differential Responses to Food Price Changes by Personal Characteristic: A Systematic Review of Experimental Studies.

    Science.gov (United States)

    Mizdrak, Anja; Scarborough, Peter; Waterlander, Wilma E; Rayner, Mike

    2015-01-01

    Fiscal interventions to improve population diet have been recommended for consideration by many organisations including the World Health Organisation and the United Nations and policies such as sugar-sweetened beverage taxes have been implemented at national and sub-national levels. However, concerns have been raised with respect to the differential impact of fiscal interventions on population sub-groups and this remains a barrier to implementation. To examine how personal characteristics (such as socioeconomic status, sex, impulsivity, and income) moderate changes in purchases of targeted foods in response to food and beverage price changes in experimental settings. Systematic review. Online databases (PubMed, EMBASE, Web of Science, EconLit and PsycInfo), reference lists of previous reviews, and additional data from study authors. We included randomised controlled trials where food and beverage prices were manipulated and reported differential effects of the intervention on participant sub-groups defined according to personal characteristics. Where possible, we extracted data to enable the calculation of price elasticities for the target foods by personal characteristic. 8 studies were included in the review. Across studies, the difference in price elasticity varied from 0.02 to 2.43 between groups within the same study. 11 out of the total of 18 comparisons of own-price elasticity estimates by personal characteristic differed by more than 0.2 between groups. Income related factors were the most commonly considered and there was an indication that own-price elasticity estimates do vary by income but the direction of this effect was not clear. Experimental studies provide an opportunity to examine the differential effects of fiscal measures to improve population diets. Patterns in price sensitivity by personal characteristics are complex. General conclusions pertaining to the effects of personal characteristics on price sensitivity are not supported by the

  4. 75 FR 76282 - Domestic Shipping Services Pricing and Mailing Standards Changes

    Science.gov (United States)

    2010-12-08

    ... United States Postal Service, Domestic Mail Manual (DMM[reg]), to reflect changes to prices and mailing standards for the following Shipping Services: Express Mail[reg], Priority Mail[reg], Parcel Select[reg... following changes to Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM...

  5. Using non-time-series to determine supply elasticity: how far do prices change the Hubbert curve?

    International Nuclear Information System (INIS)

    Reynolds, D.B.

    2002-01-01

    An important concern of OPEC's work is to be able to understand how much supply of oil exists in different countries, in order to help better conserve oil. This paper extends M. King Hubbert's oil production and discovery forecasting model (Hubbert, 1962), using a non-time-series cumulative discovery and production quadratic Hubbert curve and structural shift variables to model technology and regulation changes. The model can be used to determine better world oil supplies. Price is tested, to see how powerful it is for increasing or decreasing oil supply. Using a trend of cumulative production, instead of time, will help to better fix the supply elasticity with respect to price, which is shown to be very inelastic. An interesting question is whether cumulative discovery or production constitutes an I(2) variable. This paper explains that they are not I(2) variables. (Author)

  6. Designing an agricultural vegetative waste-management system under uncertain prices of treatment-technology output products.

    Science.gov (United States)

    Broitman, D; Raviv, O; Ayalon, O; Kan, I

    2018-05-01

    Setting up a sustainable agricultural vegetative waste-management system is a challenging investment task, particularly when markets for output products of waste-treatment technologies are not well established. We conduct an economic analysis of possible investments in treatment technologies of agricultural vegetative waste, while accounting for fluctuating output prices. Under a risk-neutral approach, we find the range of output-product prices within which each considered technology becomes most profitable, using average final prices as the exclusive factor. Under a risk-averse perspective, we rank the treatment technologies based on their computed certainty-equivalent profits as functions of the coefficient of variation of the technologies' output prices. We find the ranking of treatment technologies based on average prices to be robust to output-price fluctuations provided that the coefficient of variation of the output prices is below about 0.4, that is, approximately twice as high as that of well-established recycled-material markets such as glass, paper and plastic. We discuss some policy implications that arise from our analysis regarding vegetative waste management and its associated risks. Copyright © 2018 Elsevier Ltd. All rights reserved.

  7. Carbon Capture and Storage Investment and Management in an Environment of Technological and Price Uncertainties

    Energy Technology Data Exchange (ETDEWEB)

    Geske, Joachim; Herold, Johannes [Forschungszentrum Juelich and TU Dresden (Germany)

    2009-07-01

    In this paper we use a real options approach to analyze investment in a CCS postcombustion technology. Uncertainties in the development of efficiency and certificate prices are taken into account. We therefore propose a bounded monotone stochastic process to model energy efficiency development which is in line with thermodynamic limitations. The option not to employ the technology is allowed for. Parameter values are selected carefully. Numerical analysis shows plausible qualitative features. Furthermore there exist investment barriers for each uncertain parameter alone which reduce if interaction of the independent processes is permitted.

  8. Incorporating the value of changes in price volatility into cost-benefit analysis-an application to oil prices in the transport sector

    Energy Technology Data Exchange (ETDEWEB)

    Jensen, Thomas C., E-mail: tcj@transport.dtu.d [Department of Transport, Danish Technical University, Bygningstorvet 116 Vest, 2800 Lyngby (Denmark); Moller, Flemming [National Environmental Research Institute, Box 358, Frederiksborgvej 399, 4000 Roskilde (Denmark)

    2010-01-15

    This paper contains a tentative suggestion of how to take into account the value of changes in price volatility in real world cost-benefit analyses. Price volatility is an important aspect of security of supply which first of all concerns physical availability, but assuming that consumers are risk averse, security of supply can also be viewed as a matter of avoiding oscillations in consumption originating from volatile prices of for instance oil. When the government makes transport-related choices on behalf of the consumers, the effect on oscillations in general consumption should be included in the policy assessment taking into account the most significant correlations between prices of alternative fuels and between fuel prices and consumption in general. In the present paper, a method of valuing changes in price volatility based on portfolio theory is applied to some very simple transport-related examples. They indicate that including the value of changes in price volatility often makes very little difference to the results of cost-benefit analyses, but more work has to be done on quantifying, among other things, consumers' risk aversion and the background standard deviation in total consumption before firm conclusions can be drawn.

  9. Incorporating the value of changes in price volatility into cost-benefit analysis. An application to oil prices in the transport sector

    Energy Technology Data Exchange (ETDEWEB)

    Jensen, Thomas C. [Department of Transport, Danish Technical University, Bygningstorvet 116 Vest, 2800 Lyngby (Denmark); Moeller, Flemming [National Environmental Research Institute, Box 358, Frederiksborgvej 399, 4000 Roskilde (Denmark)

    2010-01-15

    This paper contains a tentative suggestion of how to take into account the value of changes in price volatility in real world cost-benefit analyses. Price volatility is an important aspect of security of supply which first of all concerns physical availability, but assuming that consumers are risk averse, security of supply can also be viewed as a matter of avoiding oscillations in consumption originating from volatile prices of for instance oil. When the government makes transport-related choices on behalf of the consumers, the effect on oscillations in general consumption should be included in the policy assessment taking into account the most significant correlations between prices of alternative fuels and between fuel prices and consumption in general. In the present paper, a method of valuing changes in price volatility based on portfolio theory is applied to some very simple transport-related examples. They indicate that including the value of changes in price volatility often makes very little difference to the results of cost-benefit analyses, but more work has to be done on quantifying, among other things, consumers' risk aversion and the background standard deviation in total consumption before firm conclusions can be drawn. (author)

  10. Incorporating the value of changes in price volatility into cost-benefit analysis. An application to oil prices in the transport sector

    International Nuclear Information System (INIS)

    Jensen, Thomas C.; Moeller, Flemming

    2010-01-01

    This paper contains a tentative suggestion of how to take into account the value of changes in price volatility in real world cost-benefit analyses. Price volatility is an important aspect of security of supply which first of all concerns physical availability, but assuming that consumers are risk averse, security of supply can also be viewed as a matter of avoiding oscillations in consumption originating from volatile prices of for instance oil. When the government makes transport-related choices on behalf of the consumers, the effect on oscillations in general consumption should be included in the policy assessment taking into account the most significant correlations between prices of alternative fuels and between fuel prices and consumption in general. In the present paper, a method of valuing changes in price volatility based on portfolio theory is applied to some very simple transport-related examples. They indicate that including the value of changes in price volatility often makes very little difference to the results of cost-benefit analyses, but more work has to be done on quantifying, among other things, consumers' risk aversion and the background standard deviation in total consumption before firm conclusions can be drawn. (author)

  11. Cigarette brand diversity and price changes during the implementation of plain packaging in the United Kingdom.

    Science.gov (United States)

    Breton, Magdalena Opazo; Britton, John; Huang, Yue; Bogdanovica, Ilze

    2018-05-29

    Plain packaging of cigarettes appeared in the UK in July 2016 and was ubiquitous by May 2017. The change coincided with another legislative change, raising the minimum pack size from 10 to 20 cigarettes. Laws imposing plain packaging on cigarette packs remove another promotional route from tobacco companies but the effect of such laws on brand diversity, pricing, and sales volume is unknown. This study aimed to 1) describe and quantify changes in brand diversity, price segmentation and sales volumes and 2) estimate the association between the introduction of plain cigarette packaging and cigarette pricing in the UK. We used a natural experiment design to assess the impact of plain packaging legislation on brand diversity and cigarette prices. The data comprised a sample of 76% of sales of cigarettes in the UK between March 2013 and June 2017. United Kingdom MEASUREMENTS: Cigarette prices, number of brands and products, volumes of sales FINDINGS: During the period analysed, there was a slight decrease in the number of cigarette brands. There was also an initial increase observed in the number of cigarette products, mainly due to an increase in the number of products in packs of fewer than 20 cigarettes sold before July 2016, which was then followed by a rapid decrease in the number of products that coincided with the implementation of the new legislation. Cigarette sales volumes during this period did not deviate from the preceding secular trend, but prices rose substantially. Regression results showed that price per cigarette, regardless of pack size, was 5.0 (95% CI 4.8 to 5.3) pence higher in plain than in fully branded packs. For packs of 20 cigarettes, price increases were greater in the lower price quintiles, ranging from 2.6 (95% CI 2.4 to 2.7) GBP in the lowest to 0.3 (95% CI 0.3-0.4) GBP per pack in the highest quintile. The implementation of standardised packaging legislation in the UK, which included minimum pack sizes of 20, was associated with

  12. [Health technology assessment and its impact on pharmaceutical pricing and reimbursement policies].

    Science.gov (United States)

    Castillo-Laborde, Carla; Silva-Illanes, Nicolás

    2014-01-01

    The article conceptualizes the pharmaceutical pricing and reimbursement policies related to financial coverage in the context of health systems. It introduces the pharmaceutical market as an imperfect one, in which appropriate regulation is required. Moreover, the basis that guide the pricing and reimbursement processes are defined and described in order to generate a categorization based on whether they are intended to assess the 'added value' and if the evaluation is based on cost-effectiveness criteria. This framework is used to review different types of these policies applied in the international context, discussing the role of the Health Technology Assessment in these processes. Finally, it briefly discusses the potential role of these types of policies in the Chilean context.

  13. Do investment-specific technological changes matter for business fluctuations? Evidence from Japan

    OpenAIRE

    Hirose, Yasuo; Kurozumi, Takushi

    2011-01-01

    The observed decline in the relative price of investment goods to consumption goods in Japan suggests the existence of investment-specific technological (IST) changes. We examine whether IST changes are a major source of business fluctuations in Japan, by estimating a dynamic stochastic general equilibrium model with Bayesian methods. We show that IST changes are less important than neutral technological changes in explaining output fluctuations. We also demonstrate that investment fluctuatio...

  14. Real Time Updating Genetic Network Programming for Adapting to the Change of Stock Prices

    Science.gov (United States)

    Chen, Yan; Mabu, Shingo; Shimada, Kaoru; Hirasawa, Kotaro

    The key in stock trading model is to take the right actions for trading at the right time, primarily based on the accurate forecast of future stock trends. Since an effective trading with given information of stock prices needs an intelligent strategy for the decision making, we applied Genetic Network Programming (GNP) to creating a stock trading model. In this paper, we propose a new method called Real Time Updating Genetic Network Programming (RTU-GNP) for adapting to the change of stock prices. There are three important points in this paper: First, the RTU-GNP method makes a stock trading decision considering both the recommendable information of technical indices and the candlestick charts according to the real time stock prices. Second, we combine RTU-GNP with a Sarsa learning algorithm to create the programs efficiently. Also, sub-nodes are introduced in each judgment and processing node to determine appropriate actions (buying/selling) and to select appropriate stock price information depending on the situation. Third, a Real Time Updating system has been firstly introduced in our paper considering the change of the trend of stock prices. The experimental results on the Japanese stock market show that the trading model with the proposed RTU-GNP method outperforms other models without real time updating. We also compared the experimental results using the proposed method with Buy&Hold method to confirm its effectiveness, and it is clarified that the proposed trading model can obtain much higher profits than Buy&Hold method.

  15. Modeling agricultural commodity prices and volatility in response to anticipated climate change

    Science.gov (United States)

    Lobell, D. B.; Tran, N.; Welch, J.; Roberts, M.; Schlenker, W.

    2012-12-01

    Food prices have shown a positive trend in the past decade, with episodes of rapid increases in 2008 and 2011. These increases pose a threat to food security in many regions of the world, where the poor are generally net consumers of food, and are also thought to increase risks of social and political unrest. The role of global warming in these price reversals have been debated, but little quantitative work has been done. A particular challenge in modeling these effects is that they require understanding links between climate and food supply, as well as between food supply and prices. Here we combine the anticipated effects of climate change on yield levels and volatility with an empirical competitive storage model to examine how expected climate change might affect prices and social welfare in the international food commodity market. We show that price level and volatility do increase over time in response to decreasing yield, and increasing yield variability. Land supply and storage demand both increase, but production and consumption continue to fall leading to a decrease in consumer surplus, and a corresponding though smaller increase in producer surplus.

  16. IS THE PRICE RIGHT? PRICING FOR LONG TERM PROFITABILITY

    Directory of Open Access Journals (Sweden)

    Andrea Erika NYÁRÁDI

    2007-01-01

    Full Text Available The way how we choose our pricing strategy has a significant impact on company’s success. Nowadays companies more and more adopt a new way of thinking in pricing, namely pricing for a long term period in order to bring higher profitability, to build an efficient pricing strategy. Marketers have only recently begun to focus seriously on effective pricing. These companies are the so called progressive companies. They have begun doing more than just worrying about pricing. To increase profitability many are abandoning traditional reactive pricing procedures in favor of proactive pricing, making explicit corporate decisions to change their focus to growth in top-line sales to growth in profitability. The long-term implications of price strategies are still under-researched, and managers should be aware of shifts in customer reactions that may result from frequent adoption of certain strategies. The company pricing strategy should be seen in relation to developments in the company variables, internal ones (capital strength, competencies, organizational conditions, efficiency of the work force etc. as well as external ones (customers, competitors, the technological development etc., adopting strategic pricing. In this paper I will present the most effective pricing strategies leading to long term profitability, and also suggest practical conditions for pricing strategies to maximize profit in the long run.

  17. Fast computation of vanilla prices in time-changed models and implied volatilities using rational approximations

    NARCIS (Netherlands)

    Pistorius, M.; Stolte, J.

    2012-01-01

    We present a new numerical method to price vanilla options quickly in time-changed Brownian motion models. The method is based on rational function approximations of the Black-Scholes formula. Detailed numerical results are given for a number of widely used models. In particular, we use the

  18. 76 FR 76619 - International Mail: New Prices and Fee Changes-Mailing Services

    Science.gov (United States)

    2011-12-08

    ... fraction thereof)......... 0.80 Duplicate copy of PS Form 3606 1.15 * * * * * International Business Reply Service (382) [For each country that offers International Business Reply Service, revise the fees to read... POSTAL SERVICE 39 CFR Part 20 International Mail: New Prices and Fee Changes--Mailing Services...

  19. Inflation and changes in output and consumer prices of food in Nigeria

    African Journals Online (AJOL)

    The main objective of this study is to identify relationship between inflation, food production and changes in consumer prices of food in Nigeria. This study was carried out in the context of a macro-econometric model, which recognizes the inter-relationship among inflation and agricultural production. The study covered the ...

  20. 75 FR 50847 - Cotton Program Changes for Upland Cotton, Adjusted World Price, and Active Shipping Orders

    Science.gov (United States)

    2010-08-18

    ... Cotton Program Changes for Upland Cotton, Adjusted World Price, and Active Shipping Orders AGENCY... Assistance Program (EAAP) and clarifying the definition of ``active shipping order.'' DATES: Effective Date... address that matter this rule amends in the payment calculation for semi-processed and reginned motes in 7...

  1. Examining the impacts of oil price changes on economic indicators: A panel approach

    Science.gov (United States)

    Lim, Kah Boon; Sek, Siok Kun

    2017-04-01

    The impact of oil price on global economy is evident from many studies and research findings. In this study, we extend the research on examining the impact of oil price changes on economic indicators in terms of economic growth and inflation by comparing different groups of economies (high income versus low income countries and oil importing versus oil exporting countries). Our main objective is to reveal if such impact varies across country income level/ development and oil dependency. In addition, we also seek to compare the impacts of oil price relative to the other factors indicators (money supply, foreign direct investment, exchange rate, government expenditure, inflation and gross domestic product) on economy. For the purpose of this study, the co-integration regression (DOLS and FMOLS) techniques are applied to the panel dataset of four groups of economies which contain 10 countries in each panel dataset. The analysis results show that oil price is not the main determinant although it can have a significant impact on inflation and economic growth across all groups of economies. The three main determinants of economic growth are exchange rate, aggregate demand and government expenditure while the determinants of inflation are aggregate supply and exchange rate. Furthermore, our result also concludes that oil price has a positive impact in oil exporting economies but it shows a negative impact in oil importing economies due to the oil dependency factor.

  2. Technology and Online Education: Models for Change

    Science.gov (United States)

    Cook, Catherine W.; Sonnenberg, Christian

    2014-01-01

    This paper contends that technology changes advance online education. A number of mobile computing and transformative technologies will be examined and incorporated into a descriptive study. The object of the study will be to design innovative mobile awareness models seeking to understand technology changes for mobile devices and how they can be…

  3. The effect of house price changes on cohort consumption in Turkey

    Directory of Open Access Journals (Sweden)

    Evren Ceritoğlu

    2017-09-01

    Full Text Available This paper analyzes the relationship between house prices and household consumption in Turkey. We utilize twelve consecutive waves of the Turkish Statistical Institute (TURKSTAT Household Budget Surveys (HBS from 2003 to 2014. We construct a pseudo-panel data set using birth-year cohorts following Deaton (1985. We find that house price changes have a positive and significant effect on the growth of cohort consumption. Moreover, the effect of house price changes is stronger for home-owners and it intensifies as we move from young cohorts to old cohorts. We observe that there is a marginally significant and relatively weak relationship between the growth of cohort consumption and house price changes for tenants. However, our pooled sample set is restricted to young and middle-aged cohorts for tenants. In addition, we find that the rise of home-ownership ratio increases the growth of cohort consumption, while the spread of having outstanding housing debt depresses the growth of cohort consumption. Therefore, our empirical findings are in favor of the wealth channel argument.

  4. Ownership, competition, and the adoption of new technologies and cost-saving practices in a fixed-price environment.

    Science.gov (United States)

    Hirth, R A; Chernew, M E; Orzol, S M

    2000-01-01

    Advances in medical technology have been implicated as the primary cause of rising health care expenditures. It is not yet known whether the increasing prevalence of managed care mechanisms, particularly capitation, will change substantially incentives for acquiring and using cost-increasing innovations. We examined the decisions of dialysis units (a set of providers that has faced capitation and real decreases in payment for several decades) with respect to use of cost-increasing technologies that enhance quality of care, cost-cutting practices that reduce quality of care, and amenities desired by patients that are unrelated to quality of care. We found that the dialysis payment system does not appear to have blocked access to a number of new, quality-enhancing technologies that were developed in the 1980s. However, facilities made adjustments along other valuable margins to facilitate adoption of these technologies; use of new technologies varied with numerous facility, regulatory, and case-mix characteristics including ownership, chain membership, size, market competition, and certificate of need programs. Interestingly, the trade-offs made by for-profit and nonprofit facilities when faced with fixed prices appeared quite different. For-profits tended to deliver lower technical quality of care but more amenities, while nonprofits favored technical quality of care over amenities. Our findings may have implications for the response of other types of health care providers to capitation and increasing economic constraints.

  5. Public attitudes towards pricing policies to change health-related behaviours: a UK focus group study.

    Science.gov (United States)

    Somerville, Claire; Marteau, Theresa M; Kinmonth, Ann Louise; Cohn, Simon

    2015-12-01

    Evidence supports the use of pricing interventions in achieving healthier behaviour at population level. The public acceptability of this strategy continues to be debated throughout Europe, Australasia and USA. We examined public attitudes towards, and beliefs about the acceptability of pricing policies to change health-related behaviours in the UK. The study explores what underlies ideas of acceptability, and in particular those values and beliefs that potentially compete with the evidence presented by policy-makers. Twelve focus group discussions were held in the London area using a common protocol with visual and textual stimuli. Over 300,000 words of verbatim transcript were inductively coded and analyzed, and themes extracted using a constant comparative method. Attitudes towards pricing policies to change three behaviours (smoking, and excessive consumption of alcohol and food) to improve health outcomes, were unfavourable and acceptability was low. Three sets of beliefs appeared to underpin these attitudes: (i) pricing makes no difference to behaviour; (ii) government raises prices to generate income, not to achieve healthier behaviour and (iii) government is not trustworthy. These beliefs were evident in discussions of all types of health-related behaviour. The low acceptability of pricing interventions to achieve healthier behaviours in populations was linked among these responders to a set of beliefs indicating low trust in government. Acceptability might be increased if evidence regarding effectiveness came from trusted sources seen as independent of government and was supported by public involvement and hypothecated taxation. © The Author 2015. Published by Oxford University Press on behalf of the European Public Health Association.

  6. Investigating the persistence of earnings components and pricing test of abnormal changes in cash

    Directory of Open Access Journals (Sweden)

    Yaser Ahmadi

    2013-03-01

    Full Text Available This paper investigates the persistence of earnings components and pricing test of abnormal changes in cash for selected firms listed on Tehran Stock Exchange (TSE. The proposed study gathers the necessary data from 166 firms over the period 2004-2012 from firms whose shares were actively traded on TSE market. The study uses Panel data and with the implementation of linear regression technique examines four hypotheses. The results indicate that abnormal negative changes in cash are more persistence than positive abnormal changes. In addition, both positive and negative abnormal changes are more persistence than accruals. Market also has a good perception on abnormal positive and negative changes in cash.

  7. CLOUD COMPUTING AND BIG DATA AS CONVERGENT TECHNOLOGIES FOR RETAIL PRICING STRATEGIES OF SMEs

    Directory of Open Access Journals (Sweden)

    George SUCIU

    2014-05-01

    Full Text Available Most retailers know that technology has played an increasingly important role in helping retailers set prices. Online business decision systems are at the core point of an SMEs management and reporting activities. But, until recently, these efforts have been rooted in advances in computing technology, such as cloud computing and big data mining, rather than in newfound applications of scientific principles. In addition, in previous approaches big data mining solutions were implemented locally on private clouds and no SME could aggregate and analyze the information that consumers are exchanging with each other. Real science is a powerful, pervasive force in retail today, particularly so for addressing the complex challenge of retail pricing. Cloud Computing comes in to provide access to entirely new business capabilities through sharing resources and services and managing and assigning resources effectively. Done right, the application of scientific principles to the creation of a true price optimization strategy can lead to significant sales, margin, and profit lift for retailers. In this paper we describe a method to provide the mobile retail consumers with reviews, brand ratings and detailed product information at the point of sale. Furthermore, we present how we use Exalead CloudView platform to search for weak signals in big data by analyzing multimedia data (text, voice, picture, video and mining online social networks. The analysis makes not only customer profiling possible, but also brand promotion in the form of coupons, discounts or upselling to generate more sales, thus providing the opportunity for retailer SMEs to connect directly to its customers in real time. The paper explains why retailers can no longer thrive without a science-based pricing system, defines and illustrates the right science-based approach, and calls out the key features and functionalities of leading science-based price optimization systems. In particular, given

  8. A stochastic model for stationary dynamics of prices in real estate markets. A case of random intensity for Poisson moments of prices changes

    Science.gov (United States)

    Rusakov, Oleg; Laskin, Michael

    2017-06-01

    We consider a stochastic model of changes of prices in real estate markets. We suppose that in a book of prices the changes happen in points of jumps of a Poisson process with a random intensity, i.e. moments of changes sequently follow to a random process of the Cox process type. We calculate cumulative mathematical expectations and variances for the random intensity of this point process. In the case that the process of random intensity is a martingale the cumulative variance has a linear grows. We statistically process a number of observations of real estate prices and accept hypotheses of a linear grows for estimations as well for cumulative average, as for cumulative variance both for input and output prises that are writing in the book of prises.

  9. Resistance to Technological Change in Academia

    Science.gov (United States)

    Moerschell, Linda

    2009-01-01

    Initiating changes in technology, promoting utilization, and managing resistance by faculty may be among the most pressing challenges for academic leadership. Change that involves new technology is an ideal example of the systemic nature of organizational change because it includes infrastructure, expert knowledge, training, long-term vision,…

  10. Technological change as social proces

    DEFF Research Database (Denmark)

    Jamison, Andrew

    2004-01-01

    The article distinguishes between different meanings that technology has as well as the different 'roles' that technologies play in society. udfoldes tre forståelser af teknologisk forandring. Der sigtes på at fremstille forskellige meningsdannelser, som i sit samspil konstituerer et samfunds opf...

  11. ANALYSIS OF THE EFFECT OF MARKET STABILITY FACTORS ON THE CHANGES IN SHARE PRICE

    Directory of Open Access Journals (Sweden)

    Виктор Геннадьевич Семенов

    2013-09-01

    Full Text Available According to fundamental analysis, share price tends to its intrinsic value. An appreciably large body of research has been devoted to foreign stock markets; meanwhile, the Russian stock market has been studied insufficiently. The hypothesis of fundamental analysis of the Russian stock market was tested in this paper. The effect of market stability factors (P/E; P/B; P/CF; P/D on changes in share prices was studied. The data from the financial reports on IFRS – GAAP and the data on share prices of 54 companies over the period of 2003–2013 were used. The results give grounds for claiming that the postulates of fundamental analysis cannot be used for the Russian stock market: the market stability factors do not correlate with the changes in share prices. Next, the possible reasons for this speculative behavior of the Russian stock market were considered. The methods for analyzing the reports and the financial and economic situation in order to determine the company value were proposed in this paper.DOI: http://dx.doi.org/10.12731/2218-7405-2013-9-5

  12. The impact of seasonal rice price changes on rice self-consumption in farm household of rural Java

    Science.gov (United States)

    Ani, S. W.; Antriyandarti, E.

    2018-03-01

    Seasonal rice price changes are very volatile and not predictable. This price changes have a heterogeneous impact on public consumption. The problem of seasonal rice price changes is not only experienced by consumers, but also in the farmers side as producers. The objective of this study is to provide a detail overview and description of the changing seasonal rice self-consumption of farm households in rural Java in response to seasonal rice price changes and income shocks to anticipate seasonal scarcity. This paper constructs a theoretical model to address such seasonality of food deprivation by using one year of seasonally farm household panel data, empirically tests the extent to which farmers in rural Java can smooth their rice self-consumption from season to season in response to income shocks. The result shows that rice farmers increase their rice self-consumption when prices are high.

  13. Do 'enabling technologies' affect customer performance in price-responsive load programs?

    International Nuclear Information System (INIS)

    Goldman, Charles A.; Kintner-Meyer, Michael; Heffner, Grayson

    2002-01-01

    Price-responsive load (PRL) programs vary significantly in overall design, the complexity of relationships between program administrators, load aggregators, and customers, and the availability of ''enabling technologies''. Enabling technologies include such features as web-based power system and price monitoring, control and dispatch of curtailable loads, communications and information systems links to program participants, availability of interval metering data to customers in near real time, and building/facility/end-use automation and management capabilities. Two state agencies - NYSERDA in New York and the CEC in California - have been conspicuous leaders in the demonstration of demand response (DR) programs utilizing enabling technologies. In partnership with key stakeholders in these two states (e.g., grid operator, state energy agencies, and program administrators), Lawrence Berkeley National Laboratory (LBNL) and Pacific Northwest National Laboratory (PNNL) surveyed 56 customers who worked with five contractors participating in CEC or NYSERDA-sponsored DR programs. We combined market research and actual load curtailment data when available (i.e., New York) or customer load reduction targets in order to explore the relative importance of contractor's program design features, sophistication of control strategies, and reliance on enabling technologies in predicting customer's ability to deliver load reductions in DR programs targeted to large commercial/industrial customers. We found preliminary evidence that DR enabling technology has a positive effect on load curtailment potential. Many customers indicated that web-based energy information tools were useful for facilitating demand response (e.g., assessing actual performance compared to load reduction contract commitments), that multiple notification channels facilitated timely response, and that support for and use of backup generation allowed customers to achieve significant and predictable load

  14. Monitoring of Monthly Price Changes of Cultured Fishes in Sinop Province Between 2012 and 2013

    Directory of Open Access Journals (Sweden)

    Birol Baki

    2017-09-01

    Full Text Available The aim of this study was to determine the monthly price changes of cultured fish which were offered for sale in retail fish outlets in Sinop, Turkey. The fish enterprises were determined by stratified sampling method. The enterprises were grouped as I (the most, II (moderate and III (the least according to the amount of their sales. Each group was represented by two different fish enterprises. During the study, prices of the same fish species were obtained twice a month at the same time of the day and the data were calculated as average ± SD. The differences between the groups were determined by one-way variance analysis (ANOVA and the price relation level between species was evaluated by the correlation analysis using IBM SPSS 21 Statisticssoftware. It was determined that sea bream (Sparus aurata, sea bass (Dicentrarhus labrax, rainbow trout (Oncorhyncus mykiss (portion size and kilos and salmon (Salmo salar (import were offered for sale in fish markets as cultured fish species. These species were sold during the fishing ban period (April-August. They were also sold starting from September when the fishing ban period ended up and the fishery products were at their lowest. For all the species, the differences between the pricesice were not significant between the sampled enterprises. The average values of the current prices were higher than that of 2008-2013 period. A negative strong relation was determined between the rainbow trout and the salmon.

  15. Price, carbon and generation profiles: how partisan differences make the future of climate change uncertain

    Energy Technology Data Exchange (ETDEWEB)

    Sautter, John A.; Sautter, Christopher A.

    2010-03-15

    America is very much a divided nation when it comes to politics. That polarization is reflected in the environmental and energy realities currently at play in many states, creating a remarkable divide between more conservative Red States and more liberal Blue States when it comes to the amount of CO{sub 2} emitted into the atmosphere and the price of electricity. These differences pose an enormous obstacle in passing climate change legislation. (author)

  16. The Implications of Changing Power Generation Mix on Energy Pricing and Security in Ghana

    OpenAIRE

    Acheampong, Theophilus

    2016-01-01

    Despite almost a decade of strong economic growth, Ghana still lags behind in its ability to generate enough power to catalyse this growth. The rapid deceleration in economic activity over the past three years has been primarily due to persistent energy supply constraints and rising energy-related input costs to production. This article analyses the implications of the changing power generation mix for electricity pricing in Ghana taking into account new capacity additions to the generation m...

  17. The impact of price changes on the brand equity of Toyota in Saudi Arabia

    OpenAIRE

    Ezzat, AM

    2014-01-01

    Document 3 describes the research methodology used in this qualitative case study, the rationale/justification for the methodology and reports the findings with an analysis of the findings. The purpose of the study is to investigate and describe the effect of sudden price changes on consumer purchasing behaviour and attitudes toward brand equity. The qualitative case study consists of 6 mini focus group each were comprised of between 3-5 participants who are Saudi national car owners of Toyot...

  18. Technological Change in Uganda's Agricultural Sector Between ...

    African Journals Online (AJOL)

    The frontier is then re-modelled using binary time trend dummy variables to capture the temporal pattern of technological change. ... The findings suggest that more public and private investments in region-specific technology development would be required to accelerate technological progress especially in the northern and ...

  19. Technology: Trigger for Change in Reference Librarianship.

    Science.gov (United States)

    Hallman, Clark N.

    1990-01-01

    Discussion of the influence of technological developments on social change focuses on the effects of information technology on academic reference librarianship. Highlights include reference skills; electronic resources; microcomputer technology; online catalogs; interaction and communication with users; the need to teach information skills; and…

  20. The Changing Nature of Educational Technology Programs

    Science.gov (United States)

    Spector, J. Michael

    2015-01-01

    The many changes in educational technologies have been well documented in both the professional and popular literature. What is less well documented is the changing nature of programs that prepare individuals for careers in the broad multi-disciplinary field of educational technology. This article is a first attempt to look at how educational…

  1. Technologies for climate change adaptation. Agriculture sector

    Energy Technology Data Exchange (ETDEWEB)

    Zhu, X [ed.; UNEP Risoe Centre, Roskilde (Denmark); Clements, R; Quezada, A; Torres, J [Practical Action Latin America, Lima (Peru); Haggar, J [Univ. of Greenwich, London (United Kingdom)

    2011-08-15

    This guidebook presents a selection of technologies for climate change adaptation in the agriculture sector. A set of 22 adaptation technologies are showcased. These are based primarily on the principles of agroecology, but also include scientific technologies of climate and biological sciences complemented by important sociological and institutional capacity building processes that are required for climate change to function. The technologies cover: 1) Planning for climate change and variability. 2) Sustainable water use and management. 3) Soil management. 4) Sustainable crop management. 5) Sustainable livestock management. 6) Sustainable farming systems. 7) Capacity building and stakeholder organisation. Technologies that tend to homogenise the natural environment and agricultural production have low possibilities of success in environmental stress conditions that are likely to result from climate change. On the other hand, technologies that allow for, and promote diversity are more likely to provide a strategy which strengthens agricultural production in the face of uncertain future climate change scenarios. The 22 technologies showcased in this guidebook have been selected because they facilitate the conservation and restoration of diversity while also providing opportunities for increasing agricultural productivity. Many of these technologies are not new to agricultural production practices, but they are implemented based on the assessment of current and possible future impacts of climate change in a particular location. agroecology is an approach that encompasses concepts of sustainable production and biodiversity promotion and therefore provides a useful framework for identifying and selecting appropriate adaptation technologies for the agriculture sector. The guidebook provides a systematic analysis of the most relevant information available on climate change adaptation technologies in the agriculture sector. It has been compiled based on a literature

  2. Experimental research on the relation between food price changes and food-purchasing patterns: a targeted review1234

    Science.gov (United States)

    Epstein, Leonard H; Jankowiak, Noelle; Nederkoorn, Chantal; Raynor, Hollie A; French, Simone A; Finkelstein, Eric

    2012-01-01

    One way in which to modify food purchases is to change prices through tax policy, subsidy policy, or both. We reviewed the growing body of experimental research conducted in the laboratory and in the field that investigates the following: the extent to which price changes influence purchases of targeted and nontargeted foods, total energy, or macronutrients purchased; the interaction of price changes with adjunctive interventions; and moderators of sensitivity to price changes. After a brief overview of economic principles and observational research that addresses these issues, we present a targeted review of experimental research. Experimental research suggests that price changes modify purchases of targeted foods, but research on the overall nutritional quality of purchases is mixed because of substitution effects. There is mixed support for combining price changes with adjunctive interventions, and there are no replicated findings on moderators to price sensitivity in experiments. Additional focused research is needed to better inform food policy development with the aim of improving eating behavior and preventing obesity. PMID:22378726

  3. Experimental research on the relation between food price changes and food-purchasing patterns: a targeted review.

    Science.gov (United States)

    Epstein, Leonard H; Jankowiak, Noelle; Nederkoorn, Chantal; Raynor, Hollie A; French, Simone A; Finkelstein, Eric

    2012-04-01

    One way in which to modify food purchases is to change prices through tax policy, subsidy policy, or both. We reviewed the growing body of experimental research conducted in the laboratory and in the field that investigates the following: the extent to which price changes influence purchases of targeted and nontargeted foods, total energy, or macronutrients purchased; the interaction of price changes with adjunctive interventions; and moderators of sensitivity to price changes. After a brief overview of economic principles and observational research that addresses these issues, we present a targeted review of experimental research. Experimental research suggests that price changes modify purchases of targeted foods, but research on the overall nutritional quality of purchases is mixed because of substitution effects. There is mixed support for combining price changes with adjunctive interventions, and there are no replicated findings on moderators to price sensitivity in experiments. Additional focused research is needed to better inform food policy development with the aim of improving eating behavior and preventing obesity.

  4. Perpetual American vanilla option pricing under single regime change risk: an exhaustive study

    Science.gov (United States)

    Montero, Miquel

    2009-07-01

    Perpetual American options are financial instruments that can be readily exercised and do not mature. In this paper we study in detail the problem of pricing this kind of derivatives, for the most popular flavour, within a framework in which some of the properties—volatility and dividend policy—of the underlying stock can change at a random instant of time but in such a way that we can forecast their final values. Under this assumption we can model actual market conditions because most relevant facts usually entail sharp predictable consequences. The effect of this potential risk on perpetual American vanilla options is remarkable: the very equation that will determine the fair price depends on the solution to be found. Sound results are found under the optics both of finance and physics. In particular, a parallelism among the overall outcome of this problem and a phase transition is established.

  5. A reaction-diffusion model for market fluctuations - A relation between price change and traded volumes

    Science.gov (United States)

    Yuvan, Steven; Bier, Martin

    2018-02-01

    Two decades ago Bak et al. (1997) [3] proposed a reaction-diffusion model to describe market fluctuations. In the model buyers and sellers diffuse from opposite ends of a 1D interval that represents a price range. Trades occur when buyers and sellers meet. We show analytically and numerically that the model well reproduces the square-root relation between traded volumes and price changes that is observed in real-life markets. The result is remarkable as this relation has commonly been explained in terms of more elaborate trader strategies. We furthermore explain why the square-root relation is robust under model modifications and we show how real-life bond market data exhibit the square-root relation.

  6. Studying language change using price equation and Pólya-urn dynamics.

    Science.gov (United States)

    Gong, Tao; Shuai, Lan; Tamariz, Mónica; Jäger, Gerhard

    2012-01-01

    Language change takes place primarily via diffusion of linguistic variants in a population of individuals. Identifying selective pressures on this process is important not only to construe and predict changes, but also to inform theories of evolutionary dynamics of socio-cultural factors. In this paper, we advocate the Price equation from evolutionary biology and the Pólya-urn dynamics from contagion studies as efficient ways to discover selective pressures. Using the Price equation to process the simulation results of a computer model that follows the Pólya-urn dynamics, we analyze theoretically a variety of factors that could affect language change, including variant prestige, transmission error, individual influence and preference, and social structure. Among these factors, variant prestige is identified as the sole selective pressure, whereas others help modulate the degree of diffusion only if variant prestige is involved. This multidisciplinary study discerns the primary and complementary roles of linguistic, individual learning, and socio-cultural factors in language change, and offers insight into empirical studies of language change.

  7. Prediction of Change in Prescription Ingredient Costs and Co-payment Rates under a Reference Pricing System in South Korea.

    Science.gov (United States)

    Heo, Ji Haeng; Rascati, Karen L; Lee, Eui-Kyung

    2017-05-01

    The reference pricing system (RPS) establishes reference prices within interchangeable reference groupings. For drugs priced higher than the reference point, patients pay the difference between the reference price and the total price. To predict potential changes in prescription ingredient costs and co-payment rates after implementation of an RPS in South Korea. Korean National Health Insurance claims data were used as a baseline to develop possible RPS models. Five components of a potential RPS policy were varied: reference groupings, reference pricing methods, co-pay reduction programs, manufacturer price reductions, and increased drug substitutions. The potential changes for prescription ingredient costs and co-payment rates were predicted for the various scenarios. It was predicted that transferring the difference (total price minus reference price) from the insurer to patients would reduce ingredient costs from 1.4% to 22.8% for the third-party payer (government), but patient co-payment rates would increase from a baseline of 20.4% to 22.0% using chemical groupings and to 25.0% using therapeutic groupings. Savings rates in prescription ingredient costs (government and patient combined) were predicted to range from 1.6% to 13.7% depending on various scenarios. Although the co-payment rate would increase, a 15% price reduction by manufacturers coupled with a substitution rate of 30% would result in a decrease in the co-payment amount (change in absolute dollars vs. change in rates). Our models predicted that the implementation of RPS in South Korea would lead to savings in ingredient costs for the third-party payer and co-payments for patients with potential scenarios. Copyright © 2017 International Society for Pharmacoeconomics and Outcomes Research (ISPOR). Published by Elsevier Inc. All rights reserved.

  8. Essays on the Economics of Climate Change, Biofuel and Food Prices

    Science.gov (United States)

    Seguin, Charles

    Climate change is likely to be the most important global pollution problem that humanity has had to face so far. In this dissertation, I tackle issues directly and indirectly related to climate change, bringing my modest contribution to the body of human creativity trying to deal with climate change. First, I look at the impact of non-convex feedbacks on the optimal climate policy. Second, I try to derive the optimal biofuel policy acknowledging the potential negative impacts that biofuel production might have on food supply. Finally, I test empirically for the presence of loss aversion in food purchases, which might play a role in the consumer response to food price changes brought about by biofuel production. Non-convexities in feedback processes are increasingly found to be important in the climate system. To evaluate their impact on the optimal greenhouse gas (GHG) abate- ment policy, I introduce non-convex feedbacks in a stochastic pollution control model. I numerically calibrate the model to represent the mitigation of greenhouse gas (GHG) emissions contributing to global climate change. This approach makes two contributions to the literature. First, it develops a framework to tackle stochastic non-convex pollu- tion management problems. Second, it applies this framework to the problem of climate change. This approach is in contrast to most of the economic literature on climate change that focuses either on linear feedbacks or environmental thresholds. I find that non-convex feedbacks lead to a decision threshold in the optimal mitigation policy, and I characterize how this threshold depends on feedback parameters and stochasticity. There is great hope that biofuel can help reduce greenhouse gas emissions from fossil fuel. However, there are some concerns that biofuel would increase food prices. In an optimal control model, a co-author and I look at the optimal biofuel production when it competes for land with food production. In addition oil is not

  9. Simulating the impact of policy, energy prices and technological progress on the passenger car fleet in Austria-A model based analysis 2010-2050

    International Nuclear Information System (INIS)

    Kloess, Maximilian; Mueller, Andreas

    2011-01-01

    This paper investigates the effects of policy, fuel prices and technological progress on the Austrian passenger car fleet in terms of energy consumption and greenhouse gas (GHG) emissions. To analyse these effects a simulation model is used. We model the car fleet from a bottom-up perspective, with a detailed coverage of vehicle specifications and propulsion technologies. The model focuses on the technological trend toward electrified propulsion systems and their potential effects on the fleet's energy consumption and GHG emissions. To represent the impact of prices and income on the development of the fleet, we combine the fleet model with top-down demand models. We developed two scenarios for the time frame 2010-2050, using two different sets of assumptions for regulatory development and conditions of increasing fossil fuel prices and continuous technological progress in vehicle propulsion technologies. The results indicate that material cuts in energy consumption and GHG emissions can be achieved with changes to the political framework for passenger cars. Appropriate taxation of fuels and cars can stabilise demand for individual motorised transport and lead to an improvement in vehicle efficiency by fostering the adoption of efficient vehicle propulsion technologies and low carbon fuels. - Highlights: → We present a simulation model for future energy demand and greenhouse gas emissions in passenger car transport. → We develop scenarios up to 2050 assuming two different policy schemes. → Policy strongly affects energy demand and greenhouse gas emissions in passenger car transport. → Policy can slow down growth in demand for passenger car transport. → Policy can promote the diffusion of more efficient propulsion technologies and low carbon fuels.

  10. 78 FR 69553 - Domestic Competitive Products Pricing and Mailing Standards Changes

    Science.gov (United States)

    2013-11-20

    ... online intercept request. Retail customers who file their request through usps.com may add extra services... January 2012. The existing Commercial Base prices offer lower prices to customers who use online and other... $15.45. Commercial Base prices offer lower prices to customers who use online and other authorized...

  11. Managing Innovation and Change for Instructional Technology.

    Science.gov (United States)

    Holznagel, Donald C.

    1991-01-01

    Introduces the term "orgware" and reviews the literature on managing technological innovation in instructional settings. Six areas of management concern are described, and advice on managing innovation and change is provided. (11 references) (GLR)

  12. Technologies for Climate Change Mitigation - Agriculture Sector

    DEFF Research Database (Denmark)

    Uprety, D.C.; Dhar, Subash; Hongmin, Dong

    This guidebook describes crop and livestock management technologies and practices that contribute to climate change mitigation while improving crop productivity, reducing reliance on synthetic fertilizers, and lowering water consumption. It is co-authored by internationally recognised experts...

  13. PRICE AND PRICING STRATEGIES

    OpenAIRE

    SUCIU Titus

    2013-01-01

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

  14. International Technology-Oriented Agreements to Address Climate Change

    International Nuclear Information System (INIS)

    De Coninck, H.C.; Fischer, C.; Newell, R.G.; Ueno, T.

    2007-01-01

    Much discussion has surrounded possible alternatives for international agreements on climate change, particularly post-2012. Among these alternatives, technology-oriented agreements (TOAs) are perhaps the least well defined. We explore what TOAs may consist of, why they might be sensible, which TOAs already exist in international energy and environmental governance, and whether they have the potential to make a valuable contribution to addressing climate change. We conclude that TOAs aimed at knowledge sharing and coordination, research, development, or demonstration could increase the overall efficiency and effectiveness of international climate cooperation, but have limited environmental effectiveness on their own. Technology transfer agreements are likely to have similar properties unless the level of resources expended on them is large, in which case they could be environmentally significant. Technology mandates, standards, or incentives can be environmentally effective, within the applicable sector. However, they are likely to be less cost-effective than broad-based, flexible approaches that place a price on emissions. These results indicate that TOAs have the potential to improve the effectiveness of the global response to climate change. The success of specific TOAs will depend on their design, implementation, and the role they are expected to play relative to other components of the climate policy portfolio

  15. Understanding gasoline pricing in Canada

    International Nuclear Information System (INIS)

    2001-04-01

    This brochure is designed to help consumers understand how gasoline is priced and explained why prices increase, fluctuate and vary by location, city or region. The price of a litre of gasoline reflects the costs of crude oil, refining, retailing and taxes. Taxes are usually the largest single component of gasoline prices, averaging 40 to 50 per cent of the pump price. The cost of crude oil makes up another 35 to 45 per cent of the price. Refining costs make up 10 to 15 per cent while the remaining 5 to 10 per cent represents retail costs. Gasoline retailers make a profit of about 1 cent per litre. The latest network technology allows national and regional retail chains to constantly monitor price fluctuations to change their prices at gasoline stations at a moments notice to keep up with the competition and to protect their market shares. Several government studies, plus the Conference Board of Canada, have reported that competition is working in favour of Canadian motorists. This brochure also explained the drawbacks of regulating crude and pump prices with the reminder that crude prices were regulated in the 1970s with many negative consequences. 2 tabs., 1 fig

  16. Deconstructing Solar Photovoltaic Pricing: The Role of Market Structure, Technology, and Policy

    Energy Technology Data Exchange (ETDEWEB)

    Gillingham, Kenneth [Yale Univ., New Haven, CT (United States); Deng, Hao [Yale Univ., New Haven, CT (United States); Wiser, Ryan [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Darghouth, Naim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Nemet, Gregory [Univ. of Wisconsin, Madison, WI (United States); Barbose, Galen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Rai, Varun [Univ. of Texas, Austin, TX (United States); Dong, C. G. [Univ. of Texas, Austin, TX (United States)

    2014-12-15

    Solar photovoltaic (PV) system prices in the United States display considerable heterogeneity both across geographic locations and within a given location. Such heterogeneity may arise due to state and federal policies, differences in market structure, and other factors that influence demand and costs. This paper examines the relative importance of such factors on equilibrium solar PV system prices in the United States using a detailed dataset of roughly 100,000 recent residential and small commercial installations. As expected, we find that PV system prices differ based on characteristics of the systems. More interestingly, we find evidence suggesting that search costs and imperfect competition affect solar PV pricing. Installer density substantially lowers prices, while regions with relatively generous financial incentives for solar PV are associated with higher prices.

  17. Changes in use of types of tobacco products by pack sizes and price segments, prices paid and consumption following the introduction of plain packaging in Australia.

    Science.gov (United States)

    Scollo, Michelle; Zacher, Meghan; Coomber, Kerri; Bayly, Megan; Wakefield, Melanie

    2015-04-01

    To describe changes among smokers in use of various types of tobacco products, reported prices paid and cigarette consumption following the standardisation of tobacco packaging in Australia. National cross-sectional telephone surveys of adult smokers were conducted from April 2012 (6 months before transition to plain packaging (PP)) to March 2014 (15 months afterwards). Multivariable logistic regression assessed changes in products, brands and pack types/sizes; multivariable linear regression examined changes in inflation-adjusted prices paid and reported cigarette consumption between the pre-PP and three subsequent periods-the transition phase, PP year 1 and PP post-tax (post a 12.5% tax increase in December 2013). The proportion of current smokers using roll-your-own (RYO) products fluctuated over the study period. Proportions using value brands of factory-made (FM) cigarettes increased from pre-PP (21.4%) to PP year 1 (25.5%; p=0.002) and PP post-tax (27.8%; pIntroduction of PP was associated with an increase in use of value brands, likely due to increased numbers available and smaller increases in prices for value relative to premium brands. Reported consumption declined following the December 2013 tax increase. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

  18. 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.

  19. Testing the price and affordability of healthy and current (unhealthy) diets and the potential impacts of policy change in Australia.

    Science.gov (United States)

    Lee, Amanda J; Kane, Sarah; Ramsey, Rebecca; Good, Elizabeth; Dick, Mathew

    2016-04-12

    Price and affordability of foods are important determinants of health. Targeted food pricing policies may help improve population diets. However, methods producing comparable data to inform relevant policy decisions are lacking in Australia and globally. The objective was to develop and pilot standardised methods to assess the price, relative price and affordability of healthy (recommended) and current (unhealthy) diets and test impacts of a potential policy change. Methods followed the optimal approach proposed by INFORMAS using recent Australian dietary intake data and guidelines. Draft healthy and current (unhealthy) diet baskets were developed for five household structures. Food prices were collected in stores in a high and low SES location in Brisbane, Australia. Diet prices were calculated and compared with household incomes, and with potential changes to the Australian Taxation System. Wilcoxen-signed rank tests were used to compare differences in price. The draft tools and protocols were deemed acceptable at household level, but methods could be refined. All households spend more on current (unhealthy) diets than required to purchase healthy (recommended) diets, with the majority (53-64 %) of the food budget being spent on 'discretionary' choices, including take-away foods and alcohol. A healthy diet presently costs between 20-31 % of disposable income of low income households, but would become unaffordable for these families under proposed changes to expand the GST to apply to all foods in Australia. Results confirmed that diet pricing methods providing meaningful, comparable data to inform potential fiscal and health policy actions can be developed, but draft tools should be refined. Results suggest that healthy diets can be more affordable than current (unhealthy) diets in Australia, but other factors may be as important as price in determining food choices.

  20. Testing the price and affordability of healthy and current (unhealthy diets and the potential impacts of policy change in Australia

    Directory of Open Access Journals (Sweden)

    Amanda J. Lee

    2016-04-01

    Full Text Available Abstract Background Price and affordability of foods are important determinants of health. Targeted food pricing policies may help improve population diets. However, methods producing comparable data to inform relevant policy decisions are lacking in Australia and globally. The objective was to develop and pilot standardised methods to assess the price, relative price and affordability of healthy (recommended and current (unhealthy diets and test impacts of a potential policy change. Methods Methods followed the optimal approach proposed by INFORMAS using recent Australian dietary intake data and guidelines. Draft healthy and current (unhealthy diet baskets were developed for five household structures. Food prices were collected in stores in a high and low SES location in Brisbane, Australia. Diet prices were calculated and compared with household incomes, and with potential changes to the Australian Taxation System. Wilcoxen-signed rank tests were used to compare differences in price. Results The draft tools and protocols were deemed acceptable at household level, but methods could be refined. All households spend more on current (unhealthy diets than required to purchase healthy (recommended diets, with the majority (53–64 % of the food budget being spent on ‘discretionary’ choices, including take-away foods and alcohol. A healthy diet presently costs between 20–31 % of disposable income of low income households, but would become unaffordable for these families under proposed changes to expand the GST to apply to all foods in Australia. Conclusions Results confirmed that diet pricing methods providing meaningful, comparable data to inform potential fiscal and health policy actions can be developed, but draft tools should be refined. Results suggest that healthy diets can be more affordable than current (unhealthy diets in Australia, but other factors may be as important as price in determining food choices.

  1. Changing Knowledge, Changing Technology: Implications for Teacher Education Futures

    Science.gov (United States)

    Burden, Kevin; Aubusson, Peter; Brindley, Sue; Schuck, Sandy

    2016-01-01

    Recent research in teacher education futures has identified two themes that require further study: the changing nature of knowledge and the changing capabilities of technologies. This article examines the intersection of these two themes and their implications for teacher education. The research employed futures methodologies based on scenario…

  2. Survey on how fluctuating petrol prices are affecting Malaysian large city dwellers in changing their trip patterns

    Science.gov (United States)

    Rohani, M. M.; Pahazri, N.

    2018-04-01

    Rising fuel prices shocks have a significant impact on the way of life of most Malaysians. Due to the rising of oil prices, the costs of travel for private vehicle users are therefore increasing. The study was conducted based on the objective of studying the impact of rising fuel prices on three types of trip patterns of Malaysians who are living in the city areas. The three types of trip patterns are, workplaces trip, leisure trip and personal purposes trip during the weekdays. This study was conducted by distributing questionnaires to respondents of private vehicle users in selected city such as Johor Bahru, Kuala Lumpur, Putrajaya, Melaka, Perak, Selangor and Kelantan. This study, found that the trip patterns of those who were using their own vehicles had changed after the rising of fuel prices. The changes showed that many private vehicle users were taking steps to save money on petrol by adjusting their trips.

  3. The diversification value of nuclear power as part of a utility technology mix when gas and carbon prices are uncertain

    International Nuclear Information System (INIS)

    Roques, Fabien A.; Nuttall, William J.; Newbery, David M.; Neufville, Richard de; Connors, Stephen

    2005-01-01

    Despite recent revived interest, the prospects for new nuclear power investment in liberalized electricity industries without government support do not seem promising. The objective of this paper is twofold. First it aims to identify the specific features of nuclear power technology that makes it an unattractive choice. The second objective is to estimate the value to a utility of a nuclear investment as a hedge against uncertain gas and carbon prices. A stylized 5-plant Real Option utility model shows that while the nuclear option value represents about 18% of the net present value (NPV) of the nuclear plant investment in the case where electricity and gas prices are uncorrelated, it reduces to nearly zero for correlation factors between electricity and gas price greater than 30%. These results suggest that the private diversification incentives in electricity markets might not be aligned with the social value of a diverse fuel-mix at the country level. (Author)

  4. Climate change scenarios and Technology Transfer Protocols

    International Nuclear Information System (INIS)

    Kypreos, Socrates; Turton, Hal

    2011-01-01

    We apply a specific version of MERGE-ETL, an integrated assessment model, to study global climate policies supported by Technology Transfer Protocols (TTPs). We model a specific formulation of such a TTP where donor countries finance via carbon tax revenues, the diffusion of carbon-free technologies in developing countries (DCs) and quantify its benefits. Industrialized countries profit from increased technology exports, global diffusion of advanced technology (leading to additional technology learning and cost reductions) and reduced climate damages through the likelihood of greater global participation in a new international agreement. DCs experience increased welfare from access to subsidized technology, and profit from the reduction of damages related to climate change and expected secondary benefits of carbon abatement (such as reduced local and regional air pollution). The analysis identifies potential candidate technologies that could be supported under a TTP, and the impact of a TTP on economic development (including the flow of transfer subsidies) and global emissions. Although a TTP may encourage additional participation, such a proposal is only likely to be successful if an increased willingness to pay to avoid climate damages is accepted, first by the present and future generations of the industrialized world and later on, when sufficient economic growth is accumulated, by today's developing countries. - Research Highlights: → Climate policy scenarios are assessed with differentiated commitments in carbon emission control supported by Technology Transfer Protocols. → Donor countries finance, via carbon-tax revenues, the exports of carbon-free technologies in developing countries helping to get a new international agreement. → Developing countries experience increased welfare from access to subsidized technology, and profit from the reduction of damages related to climate change and secondary benefits. → Under Technology Protocols alone and

  5. Lessons from patents. Using patents to measure technological change in environmental models

    International Nuclear Information System (INIS)

    Popp, David

    2005-01-01

    When studying solutions to long-term environmental problems such as climate change, it is important to consider the role that technological change may play. Nonetheless, to date few economic models of environmental policy explicitly model the link between policy and technological change. There is a growing body of evidence that the incentives offered by prices and environmental regulations have a strong influence on both the creation and adoption of new technologies. In several recent papers, I have used patent data to examine the links between environmental policy and technological change. In addition, I have used the results of this research to calibrate the ENTICE model (for ENdogenous Technological change) of climate change, which links energy-related R and D to changes in the price of carbon. Drawing on my experiences from empirical studies on innovation and from modeling the climate change problem, in this paper I review some of the key lessons from recent empirical work using patents to study environmental innovation and diffusion, and discuss its implications for modeling climate change policy. I conclude by offering suggestions for future research

  6. Dynamics of energy technologies and global change

    International Nuclear Information System (INIS)

    Grubler, A.; Nakicenovic, N.; Victor, D.G.

    1999-01-01

    Technological choices largely determine the long-term characteristics of industrial society, including impacts on the natural environment. However, the treatment of technology in existing models that are used to project economic and environmental futures remains highly stylized. Based on work over two decades at IIASA, we present a useful typology for technology analysis and discuss methods that can be used to analyze the impact of technological changes on the global environment, especially global warming. Our focus is energy technologies, the main source of many atmospheric environmental problems. We show that much improved treatment of technology is possible with a combination of historical analysis and new modeling techniques. In the historical record, we identify characteristic 'learning rates' that allow simple quantified characterization of the improvement in cost and performance due to cumulative experience and investments. We also identify patterns, processes and timescales that typify the diffusion of new technologies in competitive markets. Technologies that are long-lived and are components of interlocking networks typically require the longest time to diffuse and co-evolve with other technologies in the network; such network effects yield high barriers to entry even for superior competitors. These simple observations allow three improvements to modeling of technological change and its consequences for global environmental change. One is that the replacement of long-lived infrastructures over time has also replaced the fuels that power the economy to yield progressively more energy per unit of carbon pollution - from coal to oil to gas. Such replacement has 'decarbonized' the global primary energy supply 0.3% per year. In contrast, most baseline projections for emissions of carbon, the chief cause of global warming, ignore this robust historical trend and show Iittle or no decarbonization. A second improvement is that by incorporating learning curves and

  7. Influence of different technologies on dynamic pricing in district heating systems: Comparative case studies

    DEFF Research Database (Denmark)

    Dominkovic, Dominik Franjo; Wahlroos, Mikko; Syri, Sanna

    2018-01-01

    District heating markets are often dominated by monopolies in both Denmark and Finland. The same companies, often owned by local municipalities, are usually operating both supplying plants and district heating networks, while the pricing mechanisms are rigid, often agreed upon for one year...... in advance. The mentioned ownership scheme may cause problems, when one tries to gain a third party access in order to deliver excess heat or heat from cheaper heating plants. In this paper, two case studies were carried out to simulate the district heating systems based on dynamic pricing. Case studies were...... carried out for Sønderborg, Denmark and Espoo, Finland. The results showed that dynamic pricing fosters feeding the waste heat into the grid, as dynamic pricing reduced the total primary energy consumption and CO2 emissions in both case studies. In the best scenarios, the weighted average heat price...

  8. Skill-Biased Technological Change in Denmark

    DEFF Research Database (Denmark)

    Malchow-Møller, Nikolaj; Rose Skaksen, Jan

    2003-01-01

    Skill-Biased Technological Change in Denmark:A Disaggregate Perspective@*In this paper, we provide an industry-level analysis of skill-biased technological change(SBTC) in Denmark over the last two decades. The analysis shows that SBTC has variedconsiderably across industries, and traditionally...... large Danish industries have experiencedrelatively less SBTC. This may partly explain why wage inequality between skilled and lessskilled has risen less in Denmark than in other countries. We also find that SBTC has beenconcentrated in already skill-intensive industries. This contains important...... information aboutfuture labour requirements, as the relative importance of these industries must be expectedto grow, thereby reinforcing the shift in demand for skilled labour.JEL Classification: J24, J31, L6Keywords: skill-biased technological change, Danish industries...

  9. Considerations in change management related to technology.

    Science.gov (United States)

    Luo, John S; Hilty, Donald M; Worley, Linda L; Yager, Joel

    2006-01-01

    The authors describe the complexity of social processes for implementing technological change. Once a new technology is available, information about its availability and benefits must be made available to the community of users, with opportunities to try the innovations and find them worthwhile, despite organizational resistances. The authors reviewed the literature from psychiatry, psychology, sociology, business, and technology to distill common denominators for success and failure related to implementing technology. Beneficial technological innovations that are simple to use and obviously save everyone time and effort are easy to inaugurate. However, innovations that primarily serve management rather than subordinates or front-line utilizers may fail, despite considerable institutional effort. This article reviews and outlines several of the more prominent theoretical models governing successful institutional change. Successful implementation of difficult technological changes requires visionary leadership that has carefully considered the benefits, consulted with influence leaders at all organizational levels to spot unintended consequences and sources of resistance, and developed a detailed plan and continuous quality assurance process to foster implementation over time.

  10. Information technology and global change science

    Energy Technology Data Exchange (ETDEWEB)

    Baxter, F.P.

    1990-01-01

    The goal of this paper is to identify and briefly describe major existing and near term information technologies that cold have a positive impact on the topics being discussed at this conference by helping to manage the data of global change science and helping global change scientists conduct their research. Desktop computer systems have changed dramatically during the past seven years. Faster data processing can be expected in the future through full development of traditional serial computer architectures. Some other proven information technologies may be currently underutilized by global change scientists. Relational database management systems and good organization of data through the use of thoughtful database design would enable the scientific community to better share and maintain quality research data. Custodians of the data should use rigorous data administration to ensure integrity and long term value of the data resource. Still other emerging information technologies that involve the use of artificial intelligence, parallel computer architectures, and new sensors for data collection will be in relatively common use in the near term and should become part of the global science community's technical toolkit. Consideration should also be given to the establishment of Information Analysis Centers to facilitate effective organization and management of interdisciplinary data and the prototype testing and use of advanced information technology to facilitate rapid and cost-effective integration of these tools into global change science. 8 refs.

  11. Pricing the Future in the Seventeenth Century: Calculating Technologies in Competition.

    Science.gov (United States)

    Deringer, William

    Time is money. But how much? What is money in the future worth to you today? This question of "present value" arises in myriad economic activities, from valuing financial securities to real estate transactions to governmental cost-benefit analysis-even the economics of climate change. In modern capitalist practice, one calculation offers the only "rational" way to answer: compound-interest discounting. In the early modern period, though, economic actors used at least two alternative calculating technologies for thinking about present value, including a vernacular technique called years purchase and discounting by simple interest. All of these calculations had different strengths and affordances, and none was unquestionably better or more "rational" than the others at the time. The history of technology offers distinct resources for understanding such technological competitions, and thus for understanding the emergence of modern economic temporality.

  12. A sensitivity analysis of process design parameters, commodity prices and robustness on the economics of odour abatement technologies.

    Science.gov (United States)

    Estrada, José M; Kraakman, N J R Bart; Lebrero, Raquel; Muñoz, Raúl

    2012-01-01

    The sensitivity of the economics of the five most commonly applied odour abatement technologies (biofiltration, biotrickling filtration, activated carbon adsorption, chemical scrubbing and a hybrid technology consisting of a biotrickling filter coupled with carbon adsorption) towards design parameters and commodity prices was evaluated. Besides, the influence of the geographical location on the Net Present Value calculated for a 20 years lifespan (NPV20) of each technology and its robustness towards typical process fluctuations and operational upsets were also assessed. This comparative analysis showed that biological techniques present lower operating costs (up to 6 times) and lower sensitivity than their physical/chemical counterparts, with the packing material being the key parameter affecting their operating costs (40-50% of the total operating costs). The use of recycled or partially treated water (e.g. secondary effluent in wastewater treatment plants) offers an opportunity to significantly reduce costs in biological techniques. Physical/chemical technologies present a high sensitivity towards H2S concentration, which is an important drawback due to the fluctuating nature of malodorous emissions. The geographical analysis evidenced high NPV20 variations around the world for all the technologies evaluated, but despite the differences in wage and price levels, biofiltration and biotrickling filtration are always the most cost-efficient alternatives (NPV20). When, in an economical evaluation, the robustness is as relevant as the overall costs (NPV20), the hybrid technology would move up next to BTF as the most preferred technologies. Copyright © 2012 Elsevier Inc. All rights reserved.

  13. Assessing the impact of changes in the electricity price structure on dairy farm energy costs

    International Nuclear Information System (INIS)

    Upton, J.; Murphy, M.; Shalloo, L.; Groot Koerkamp, P.W.G.; De Boer, I.J.M.

    2015-01-01

    Highlights: • Choosing electricity tariffs with a low off-peak rate results in financial savings. • Cost saving potential within an electricity tariff is the greatest on large farms. • Earlier AM milking with later PM milking helps reduce electricity consumption. - Abstract: This study aims to provide information on the changes in electricity consumption and costs on dairy farms, through the simulation of various electricity tariffs that may exist in the future and how these tariffs interact with changes in farm management (i.e. shifting the milking operation to an earlier or later time of the day). A previously developed model capable of simulating electricity consumption and costs on dairy farms (MECD) was used to simulate five different electricity tariffs (Flat, Day and Night, Time of Use Tariff 1 (TOU1), TOU2 and Real Time Pricing (RTP)) on three representative Irish dairy farms: a small farm (SF), a medium farm (MF) and a large farm (LF). The Flat tariff consisted of one electricity price for all time periods, the Day and Night tariff consisted of two electricity prices, a high rate from 09:00 to 00:00 h and a low rate thereafter. The TOU tariff structure was similar to that of the Day and Night tariff except that a peak price band was introduced between 17:00 and 19:00 h. The RTP tariff varied dynamically according to the electricity demand on the national grid. The model used in these simulations was a mechanistic mathematical representation of the electricity consumption that simulated farm equipment under the following headings; milk cooling system, water heating system, milking machine system, lighting systems, water pump systems and the winter housing facilities. The effect of milking start time was simulated to determine the effect on electricity consumption and costs at farm level. The earliest AM milking start time and the latest PM milking start time resulted in the lowest energy consumption. The difference between the lowest and highest

  14. Climate Change Science,Technology & Policy

    Indian Academy of Sciences (India)

    Table of contents. Climate Change Science,Technology & Policy · Slide 2 · Slide 3 · Slide 4 · Slide 5 · Millions at Risk from Parry et al., 2001 · Slide 7 · Slide 8 · Slide 9 · Slide 10 · Climate Change · Is the global warming in the 20th century due to the increase in radiation emitted by the sun? Frohlich C, Lean J. 1998; ...

  15. The price of change [The Stern Review looks at the economics of climate change

    International Nuclear Information System (INIS)

    Stern, N.

    2007-01-01

    The Stern Review on the Economics of Climate Change, commissioned by the UK Treasury, has assessed a wide range of evidence on the impacts of climate change and on the economic costs. And, in its review, has used a number of different techniques to assess costs and risks. From all of these perspectives, the evidence gathered by the Review leads to a simple conclusion: the benefits of strong and early action far outweigh the economic costs of not acting. Climate change will affect the basic elements of life for people around the world - access to water, food production, health, and the environment. Hundreds of millions of people could suffer hunger, water shortages and coastal flooding as the world warms. So prompt and strong action is clearly warranted. Because climate change is a global problem, the response to it must be international. It must be based on a shared vision of long term goals and agreement on frameworks that will accelerate action over the next decade, and it must build on mutually reinforcing approaches at national, regional and international level. The UN Framework Convention on Climate Change and the Kyoto Protocol provide a basis for international co-operation, along with a range of partnerships and other approaches. But more ambitious action is now required around the world

  16. Learning from Employee Communication during Technological Change

    Science.gov (United States)

    Law, Sweety

    2009-01-01

    Purpose: The purpose of this research is to examine stories of and by employees as they implemented a transformative organizational change, involving outsourcing, off-shoring, and the make-over induced by technology. Design/methodology/approach: Three types of data were analyzed--organizational documents, responses to oral and written questions,…

  17. Technological Change during the Energy Transition

    NARCIS (Netherlands)

    van der Meijden, G.C.; Smulders, J.A.

    2014-01-01

    The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous growth

  18. TECHNOLOGICAL CHANGE during the ENERGY TRANSITION

    NARCIS (Netherlands)

    van der Meijden, Gerard; Smulders, Sjak

    2018-01-01

    The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a nonrenewable resource and an alternative energy source in a market economy model of endogenous growth

  19. Technological Change During the Energy Transition

    NARCIS (Netherlands)

    van der Meijden, G.C.; Smulders, Sjak A.

    2014-01-01

    The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous growth

  20. Technological Change, Globalization, and the Community College

    Science.gov (United States)

    Romano, Richard M.; Dellow, Donald A.

    2009-01-01

    In early nineteenth-century England, workers now known as Luddites roamed the countryside destroying machinery that they saw as creating unemployment and upsetting their traditional way of life. They believed that the growing mechanization of production, what people would now call technological change, and the expanding volume of trade ushered in…

  1. Welfare Effects of Tax and Price Changes and the CES-UT Utility Function

    DEFF Research Database (Denmark)

    Munk, Knud Jørgen

    Dixit's 1975 paper "Welfare Effects of Tax and Price Changes" constitutes a seminal contribution to the theory of tax reform within a second-best general equilibrium framework. The present paper clarifies ambiguities with respect to normalisation which has led to misinterpretation of some of Dixit......'s analytical results. It proves that a marginal tax reform starting from a proportional tax system will improve social welfare if it increases the supply of labour, whatever the rule of normalisation adopted. In models which impose additive separability between consumption and leisure in household preferences...... elasticities can be derived from the parameters of the CES-UT and how it may be used for applied tax reform analysis...

  2. Transfer of single farm payment entitlements to farm successors: impact on structural change and rental prices in Switzerland

    Directory of Open Access Journals (Sweden)

    Gabriele Mack

    2013-09-01

    Full Text Available This paper analyses the impact of tradable and non-tradable single farm payment (SFP entitlements for farm successors on structural change and the lease market. Using the example of Swiss agriculture, the effects on rental-price trends and farm-exit rates are investigated. An ex-ante normative impact analysis is performed with the agent-based agricultural-sector model SWISSland, which simulates structural change processes and income trends in Swiss agriculture over a period of up to 15 years. A land market implemented at municipality level simulates the plot-by-plot leasing of land to surrounding neighbouring agents that is common in Switzerland. Allocation of plots to tenants as well as lease pricing is modelled taking into account the farm-specific land rents. The results show that personalised SFP entitlements which could not be transferred to a farm successor not only cause an intensification of structural change, but would also thus lead to a substantial reduction in rental prices. SFP entitlements which were successfully transferred to farm successors have only a slight impact on structural change and the rental prices of arable land. Only for grassland in the mountain region does a stronger shift result in a significant reduction in rental prices.

  3. Technology Timing and Pricing In the Presence of an Installed Base

    OpenAIRE

    Qiu_Hong Wang; Kai-Lung Hui

    2005-01-01

    This paper studies a vendor.s timing and pricing strategies to tackle its own installed base when selling a newly improved product. We characterize the market with either a partly- or fully- covered installed base, consumers. relative willingness to pay for the newly improved version of the product, and their relative payoffs from delayed purchase. Instead of using the conventional assumption of constant consumer reservation price, we propose that if consumers already own an existing (old) ve...

  4. Networking Technologies and the Rate of Technological Change

    Directory of Open Access Journals (Sweden)

    Charles Mitchell

    2005-12-01

    Full Text Available Network technology is changing rapidly and those adept at ICT analysis need resolve rate of change issues. Developments in networking now are in the direction of heuristic intelligence. Since about 1980, networking techniques have encouraged combining bits of information with imagination cognitively to improve ideas about reality. ICT enterprise projects utilize networking to sustain requisite imagination. Assumptions and misassuptions of project builders are rationally comprehended as networking sustains creative processes. The monopolization of valuable network techniques influences in the direction of esoteric networking. Data presents that substantial knowledge and networking is now occurring globally. As a netaphor, networking

  5. Technologies for climate change mitigation - Agriculture sector

    Energy Technology Data Exchange (ETDEWEB)

    Uprety, D.C.; Dhar, S.; Hongmin, D.; Kimball, B.A.; Garg, A.; Upadhyay, J.

    2012-07-15

    This guidebook describes crop and livestock management technologies and practices that contribute to climate change mitigation while improving crop productivity, reducing reliance on synthetic fertilizers, and lowering water consumption. It is co-authored by internationally recognised experts in the areas of crops, livestock, emissions, and economics, and we are grateful for their efforts in producing this cross disciplinary work. This publication is part of a technical guidebook series produced by the UNEP Risoe Centre on Energy, Climate and Sustainable Development (URC) as part of the Technology Needs Assessment (TNA) project (http://tech-action.org) that is assisting developing countries in identifying and analysing the priority technology needs for mitigating and adapting to climate change. The TNA process involves different stakeholders in a consultative process, enabling all stakeholders to understand their technology needs in a cohesive manner, and prepare Technology Action Plans (TAPs) accordingly. The TNA project is funded by the Global Environment Facility (GEF) and is being implemented by UNEP and the URC in 36 developing countries. (Author)

  6. Federalism and technological change in blood products.

    Science.gov (United States)

    Taylor, Mark Zachary

    2009-12-01

    Recent research has shown how federalism affects health care finance, health care reform, and health policy innovation. The purpose of this article is to extend this research program to study the linkages between federalism and technological change. It does so using comparative case studies spanning five countries to examine innovation and diffusion of two blood technologies-enzyme-linked immunosorbent assays (ELISA blood tests) and heat treatment-in response to the threat to the blood supply posed by HIV during the 1980s. Prior research has produced three contradictory models of the federalism-innovation relationship. This article attempts to resolve these contradictions, posits new hypotheses, and highlights sources of omitted variable bias that have important implications for understanding technological change. The case studies show that overall decentralization, rather than federalism alone, aids technological progress by allowing its supporters to "venue shop" around political resistance. Decentralization also makes the state less vulnerable to capture by status-quo interest groups. Moreover, political decentralization may have a positive effect on technological diffusion, but a far weaker effect on innovation. Thus, prior research that conflates these two effects should be revisited.

  7. Income distribution impacts of changes in Western Area Power Administration electricity prices. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Rose, A.; Frias, O. [Pennsylvania State Univ., University Park, PA (United States). Dept. of Mineral Economics

    1993-06-01

    The purpose of this report is to present the methodology and results of an analysis of income distribution impacts associated with changes in the Western Area Power Administration (WAPA) marketing program. The focus will be on the distribution of personal income across eleven brackets in each of nine sub-regions of the WAPA market area. Moreover, these results will be translated into an assessment of the number of people who stand to gain or lose as a result of the policies and the size of these income changes. Most economic impact analyses are performed at an aggregate level. The results are typically presented in terms of net benefits, or a listing of changes in employment, output, income, or prices. What is neglected is the distribution of impacts across the affected population. These distributional impacts are important for several reasons. First, there is the normative judgmental issue of distributional justice, or equity. This addresses concerns about income disparities in general, or whether the poor, or any other group, are shouldering a disproportionate share of any burden or are failing to share significantly in any gain.

  8. Retrospective evaluation of appliance price trends

    International Nuclear Information System (INIS)

    Dale, Larry; Antinori, Camille; McNeil, Michael; McMahon, James E.; Sydny Fujita, K.

    2009-01-01

    Real prices of major appliances (refrigerators, dishwashers, heating and cooling equipment) have been falling since the late 1970s despite increases in appliance efficiency and other quality variables. This paper demonstrates that historic increases in efficiency over time, including those resulting from minimum efficiency standards, incur smaller price increases than were expected by the Department of Energy (DOE) forecasts made in conjunction with standards. This effect can be explained by technological innovation, which lowers the cost of efficiency, and by market changes contributing to lower markups and economies of scale in production of higher efficiency units. We reach four principal conclusions about appliance trends and retail price setting: 1.For the past several decades, the retail price of appliances has been steadily falling while efficiency has been increasing. 2.Past retail price predictions made by the DOE analyses of efficiency standards, assuming constant prices over time, have tended to overestimate retail prices. 3.The average incremental price to increase appliance efficiency has declined over time. DOE technical support documents have typically overestimated this incremental price and retail prices. 4.Changes in retail markups and economies of scale in production of more efficient appliances may have contributed to declines in prices of efficient appliances

  9. Technologies for climate change mitigation - transport sector

    Energy Technology Data Exchange (ETDEWEB)

    Salter, R.; Newman, P. (Curtin Univ. Sustainability Policy (CUSP) Institute, Perth, WA (Australia)); Dhar, S. (UNEP Risoe Centre, Roskilde (Denmark))

    2011-03-15

    The options outlined in this guidebook are designed to assist you in the process of developing transport services and facilities in your countries and localities - transport that better serves people's needs and enhances their lives while at the same time producing fewer greenhouse gas emissions. This is a new challenge, as previously improving transport generally led to increased greenhouse gases. The challenge now is to provide transport that: 1) is cheaper, more extensive and better quality 2) reduces pollution, congestion, traffic accidents and other threats to health and wellbeing 3) is accessible to all 4) supports economic development 5) reduces greenhouse emissions overall. This can be achieved if: 1) mass transit, walking and cycling are supported and encouraged, and integrated in a way that allows seamless multimodal travel, including networks of taxis, auto-rickshaws and small buses. 2) the mass transit services - including trains, buses and light-rail - are frequent, extensive, attractive, comfortable, affordable and faster than alternatives, with features like integrated ticketing and real time information accessible through mobile phones and other sources 3) private vehicle use and air travel are discouraged through pricing and other demand management measures, and through the availability of better alternative modes 4) there is support for the adoption of cleaner, lower carbon fuels and technologies and better maintenance practices for all transport modes, including private vehicles, water transport, auto-rickshaws and freight vehicles 5) the overall need for travel is reduced through the development of denser localities with more mixed land use and better access to mass transit (which reduces overall travel in ways that will be explained) 6) travel space is better managed to give higher priority to more sustainable transport modes, to promote safety, and to prevent traffic from adversely affecting residents and businesses. As you address these

  10. Technologies for climate change mitigation - transport sector

    Energy Technology Data Exchange (ETDEWEB)

    Salter, R; Newman, P [Curtin Univ. Sustainability Policy (CUSP) Institute, Perth, WA (Australia); Dhar, S [UNEP Risoe Centre, Roskilde (Denmark)

    2011-03-15

    The options outlined in this guidebook are designed to assist you in the process of developing transport services and facilities in your countries and localities - transport that better serves people's needs and enhances their lives while at the same time producing fewer greenhouse gas emissions. This is a new challenge, as previously improving transport generally led to increased greenhouse gases. The challenge now is to provide transport that: 1) is cheaper, more extensive and better quality 2) reduces pollution, congestion, traffic accidents and other threats to health and wellbeing 3) is accessible to all 4) supports economic development 5) reduces greenhouse emissions overall. This can be achieved if: 1) mass transit, walking and cycling are supported and encouraged, and integrated in a way that allows seamless multimodal travel, including networks of taxis, auto-rickshaws and small buses. 2) the mass transit services - including trains, buses and light-rail - are frequent, extensive, attractive, comfortable, affordable and faster than alternatives, with features like integrated ticketing and real time information accessible through mobile phones and other sources 3) private vehicle use and air travel are discouraged through pricing and other demand management measures, and through the availability of better alternative modes 4) there is support for the adoption of cleaner, lower carbon fuels and technologies and better maintenance practices for all transport modes, including private vehicles, water transport, auto-rickshaws and freight vehicles 5) the overall need for travel is reduced through the development of denser localities with more mixed land use and better access to mass transit (which reduces overall travel in ways that will be explained) 6) travel space is better managed to give higher priority to more sustainable transport modes, to promote safety, and to prevent traffic from adversely affecting residents and businesses. As you address these

  11. Accelerating technological change. Towards a more sustainable transport system

    NARCIS (Netherlands)

    van der Vooren, A.

    2014-01-01

    This thesis provides insights into the mechanisms of technological change by capturing the complexity that characterises the current technological transition of the transport system into existing evolutionary models of technological change. The transition towards a more sustainable transport system

  12. Dynamical regimes due to technological change in a microeconomical model of production

    Science.gov (United States)

    Hamacher, K.

    2012-09-01

    We develop a microeconomical model to investigate the impact of technological change onto production decisions of suppliers—modeling an effective feedback mechanism of the market. An important property—the time horizon of production planning—is related to the Kolmogorov entropy of the one-dimensional maps describing price dynamics. We simulate this price dynamics in an ensemble representing the whole macroeconomy. We show how this model can be used to support ongoing research in economic growth and incorporate the obtained microeconomic findings into the discussion about appropriate macroeconomic quantities such as the production function—thus effectively underpinning macroeconomics with microeconomical dynamics. From there we can show that the model exhibits different dynamical regimes (suggesting "phase transitions") with respect to an order parameter. The non-linear feedback under technological change was found to be the crucial mechanism. The implications of the obtained regimes are finally discussed.

  13. Customizing Prices in Online Markets

    OpenAIRE

    Werner Reinartz

    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.

  14. Managing Technological Change: The Process is Key

    Science.gov (United States)

    1989-01-01

    performance suggestive of an electronic sweatshop or informa- and the quality of their work lives has been significantly im- tion assembly line than a...changc the rescrvations system, but without docu- systems, databases, and software applications that comprise mentation or access to the person who...and task HAS BEEN SEEN that instead of trying to minimize change. level, the technology’s inherent flexibili- AS A ITATI particularly with respect to

  15. 20 Engineering Technologies Which Changed The World

    International Nuclear Information System (INIS)

    Lee, In Sik; Shin, Dong Won; Mun, Jung Yang and others

    2004-07-01

    This book deals with 20 engineering technologies which changed the world, these are about a, compass, papermaking, a lens, gunpowder, machine watch, printing technique, vaccine, a suspension bridge, a railroad, a loom, photograph, petroleum, automobile, electricity, wireless communications, synthetic medicine, a jet engine and a rocket, nuclear bombs, ENIAC, and polymerase chain reaction method. Each skill is introduced with history and the detailed reports by other persons.

  16. Technological change in energy systems. Learning curves, logistic curves and input-output coefficients

    International Nuclear Information System (INIS)

    Pan, Haoran; Koehler, Jonathan

    2007-01-01

    Learning curves have recently been widely adopted in climate-economy models to incorporate endogenous change of energy technologies, replacing the conventional assumption of an autonomous energy efficiency improvement. However, there has been little consideration of the credibility of the learning curve. The current trend that many important energy and climate change policy analyses rely on the learning curve means that it is of great importance to critically examine the basis for learning curves. Here, we analyse the use of learning curves in energy technology, usually implemented as a simple power function. We find that the learning curve cannot separate the effects of price and technological change, cannot reflect continuous and qualitative change of both conventional and emerging energy technologies, cannot help to determine the time paths of technological investment, and misses the central role of R and D activity in driving technological change. We argue that a logistic curve of improving performance modified to include R and D activity as a driving variable can better describe the cost reductions in energy technologies. Furthermore, we demonstrate that the top-down Leontief technology can incorporate the bottom-up technologies that improve along either the learning curve or the logistic curve, through changing input-output coefficients. An application to UK wind power illustrates that the logistic curve fits the observed data better and implies greater potential for cost reduction than the learning curve does. (author)

  17. Net effects of gasoline price changes on transit ridership in U.S. urban areas.

    Science.gov (United States)

    2014-12-01

    Using panel data of transit ridership and gasoline prices for ten selected U.S. urbanized areas over the time period of 2002 to 2011, : this study analyzes the effect of gasoline prices on ridership of the four main transit modesbus, light rail, h...

  18. A Hierarchical Bayes Error Correction Model to Explain Dynamic Effects of Price Changes

    NARCIS (Netherlands)

    D. Fok (Dennis); R. Paap (Richard); C. Horváth (Csilla); Ph.H.B.F. Franses (Philip Hans)

    2005-01-01

    textabstractThe authors put forward a sales response model to explain the differences in immediate and dynamic effects of promotional prices and regular prices on sales. The model consists of a vector autoregression rewritten in error-correction format which allows to disentangle the immediate

  19. Pricing of electricity in a time of change - some key issues

    International Nuclear Information System (INIS)

    Mostert, W.

    1995-01-01

    The paper covers four topics: (I) what does full cost coverage mean in the Eastern European power sector, (II) LRMC (Long Run Marginal Cost) pricing in regulated utilities versus free market prices; (III) limits to the internalization of external costs in fuel pricing, (IV) pricing of IPPs (Independent Power Producer). The paper argues that the tariff which allows full cost coverage in the Eastern European power sector should be defined as the minimum tariff which allows 30% self-financing of investments and a rate of return of at least 5% on invested assets. The appropriate level of self-financing relates to the appropriate capital structure of the company; the rate of return to the ability to attract finance in the long run. During the last twenty years there has been general consensus among power economists that the application of the LRMC pricing principle for the setting of tariffs was the best principle to ensure efficiency on both the demand as well as the supply side. In free markets involving TPA (Third Party Access) and spot markets, that principle can no longer be applied. In times of scarcity, prices will be above LMRC; in times of surplus capacity below LRMC. Economists have argued for years that external costs and benefits have to be ''internalized'' in tariffs and prices in order to provide consumers and investors with the right pricing principles

  20. The Effect of Agricultural Growing Season Change on Market Prices in Africa

    Science.gov (United States)

    deBeurs, K.M.; Brown, M. E.

    2013-01-01

    to plan effective adaptation strategies. Remote sensing data can also provide some understanding of the spatial extent of these changes and whether they are likely to continue. Given the agricultural nature of most economies on the African continent, agricultural production continues to be a critical determinant of both food security and economic growth (Funk and Brown, 2009). Crop phenological parameters, such as the start and end of the growing season, the total length of the growing season, and the rate of greening and senescence are important for planning crop management, crop diversification, and intensification. The World Food Summit of 1996 defined food security as: "when all people at all times have access to sufficient, safe, nutritious food to maintain a healthy and active life". Food security roughly depends on three factors: 1) availability of food; 2) access to food and 3) appropriate use of food, as well as adequate water and sanitation. The first factor is dependent on growing conditions and weather and climate. In a previous paper we have investigated this factor by evaluating the effect of large scale climate oscillation on land surface phenology (Brown et al., 2010). We found that all areas in Africa are significantly affected by at least one type of large scale climate oscillations and concluded that these somewhat predictable oscillations could perhaps be used to forecast agricultural production. In addition, we have evaluated changes in agricultural land surface phenology over time (Brown et al., 2012). We found that land surface phenology models, which link large-scale vegetation indices with accumulated humidity, could successfully predict agricultural productivity in several countries around the world. In this chapter we are interested in the effect of variability in peak timing of the growing season, or phenology, on the second factor of food security, food access. In this chapter we want to determine if there is a link between market prices

  1. International trade, technological change and evolution of work market

    International Nuclear Information System (INIS)

    Cacciotti, M.

    1999-01-01

    The report estimates the historic series of wages and employment depending on the average unit value of importation prices in the most important european countries, Italy, France and Germany for the years 1988-1996. Results shows that in the traditional sectors, with unskilled employment are negative influenced by international trade, otherwise, in the technological advanced sectors, influenced are to be considered positive [it

  2. Measuring Product Prices under Conditions of Quality Change: The Case of Passenger Cars in Greece.

    OpenAIRE

    Bitros, George C; Panas, Epaminondas E

    1988-01-01

    The envelope curve of the bid functions for car characteristics in Greece is used to analyze the relationship between nominal and quality-adjusted car prices for 1965-85. It is estimated using the Box-Cox flexible functional form technique in a modification of S. Rosen's hedonic price model. The authors find that quality-adjusted prices of imports from West Germany, France, Italy, and Japan decline d from 1965 to 1970 and increased continuously thereafter; the quality of cars from France, Ita...

  3. Changes in alcohol consumption following a reduction in the price of spirits: a natural experiment in Switzerland.

    Science.gov (United States)

    Heeb, Jean-Luc; Gmel, Gerhard; Zurbrügg, Christoph; Kuo, Meichun; Rehm, Jürgen

    2003-10-01

    To discover what changes in alcohol consumption had occurred in subgroups defined by age, sex, volume of drinking and drinking occasions, following a reduction in the price of spirits in Switzerland in July 1999. Quasi-experimental. Longitudinal general-population survey with baseline 3 months before and follow-up 3 months after price change. Probabilistic telephone sample of 1347 individuals with at least monthly consumption on average in the previous 6 months at both interviews. The response rate at baseline was 74,8% and the attrition rate from baseline to follow-up 20.2%. Alcohol consumption was assessed by means of a beverage-specific graduated-frequency measure. High volume of drinking was defined as 40 + g/day for men and 20 + g/day for women. Binge drinking was defined as six + drinks on an occasion for men and four + drinks for women. Spirits consumption increased significantly (by 28.6%) in the total sample, and specifically in young males and in individuals who were low-volume drinkers at baseline. Consumption of alcohol overall, or of wine or beer, did not change significantly. No indication of effects of substitution was found. Spirits consumption showed price-responsiveness in the early postintervention period. This finding is of particular interest, as (a) the increase in spirits consumption took place at a time of generally declining consumption of alcohol in Switzerland; and (b) in contrast to the findings of most studies, the intervention, namely price reduction, increased availability.

  4. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

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

    On April 1, 2005, Denmark changed the way references prices, a main determinant of reimbursements for pharmaceutical purchases, are calculated. The previous reference prices, which were based on average EU prices, were substituted to minimum domestic prices. Novel to the literature, we estimate...... the joint eects of this reform on prices and quantities. Prices decreased more than 26 percent due to the reform, which reduced patient and government expenditures by 3.0 percent and 5.6 percent, respectively, and producer revenues by 5.0 percent. The prices of expensive products decreased more than...

  5. Economic assessment of solar and conventional biomass gasification technologies: Financial and policy implications under feedstock and product gas price uncertainty

    International Nuclear Information System (INIS)

    Nickerson, Thomas A.; Hathaway, Brandon J.; Smith, Timothy M.; Davidson, Jane H.

    2015-01-01

    Four configurations of a novel solar-heated biomass gasification facility and one configuration of conventional biomass gasification are analyzed through financial and policy scenarios. The purpose of this study is to determine the potential financial position for varying configurations of a novel technology, as compared to the current state-of-the-art gasification technology. Through the use of project finance and policy scenario development, we assess the baseline breakeven syngas price (normalized against natural gas prices and based upon annual feedstock consumption), the sensitivity of major cost components for the novel facilities, and the implications of policy levers on the economic feasibility of the solar facilities. Findings show that certain solar configurations may compete with conventional facilities on a straightforward economic basis. However, with renewable energy policy levers in place the solar technologies become increasingly attractive options. - Highlights: • We model four solar and one conventional biomass gasification systems. • We assess economic feasibility of these systems with and without policy incentives. • Solar facilities compete with the conventional system in certain scenarios. • Feedstock costs are the largest contributor to system cost sensitivity. • Policy incentives create an economically favorable scenario for solar facilities

  6. A Note on Forecasting the Rate of Change of the Price of Oil: Asymmetric Loss and Forecast Rationality

    Directory of Open Access Journals (Sweden)

    Christian Pierdzioch

    2013-03-01

    Full Text Available We study whether forecasts of the rate of change of the price of oil are rational. To this end, we consider a model that allows the shape of forecasters’ loss function to be studied. The shape of forecasters’ loss function may be consistent with a symmetric or an asymmetric loss function. We find that an asymmetric loss function often (but not always makes forecasts look rational, and we also report that forecast rationality may have changed over time.

  7. THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL

    Directory of Open Access Journals (Sweden)

    Tatjana Stanivuk

    2012-12-01

    Full Text Available Within the context of behavioral finance, there is increasing evidence on predicting the stock returns based on several variables specific for each company. One of these anomalies also identified as the one which is most difficult to explain within the context of traditional price paradigms, is the effect of price momentum. It is demonstrated that the shares that have generated the highest (or lowest returns in the period from 3 to 12 months have the tendency of increase (or decrease in the following 3 to 12 months. The findings are contrary to the Efficient Market Hypothesis (EMH. The investment industry professionals are aware of the momentum effect, and it seems that the stock evaluation is performed based on the price momentum. This paper presents empirical evidence on existence of price momentum in the stock market. The anomalies continue to persist.

  8. Afforestation to mitigate climate change: impacts on food prices under consideration of albedo effects

    Science.gov (United States)

    Kreidenweis, Ulrich; Humpenöder, Florian; Stevanović, Miodrag; Bodirsky, Benjamin Leon; Kriegler, Elmar; Lotze-Campen, Hermann; Popp, Alexander

    2016-08-01

    Ambitious climate targets, such as the 2 °C target, are likely to require the removal of carbon dioxide from the atmosphere. Afforestation is one such mitigation option but could, through the competition for land, also lead to food prices hikes. In addition, afforestation often decreases land-surface albedo and the amount of short-wave radiation reflected back to space, which results in a warming effect. In particular in the boreal zone, such biophysical warming effects following from afforestation are estimated to offset the cooling effect from carbon sequestration. We assessed the food price response of afforestation, and considered the albedo effect with scenarios in which afforestation was restricted to certain latitudinal zones. In our study, afforestation was incentivized by a globally uniform reward for carbon uptake in the terrestrial biosphere. This resulted in large-scale afforestation (2580 Mha globally) and substantial carbon sequestration (860 GtCO2) up to the end of the century. However, it was also associated with an increase in food prices of about 80% by 2050 and a more than fourfold increase by 2100. When afforestation was restricted to the tropics the food price response was substantially reduced, while still almost 60% cumulative carbon sequestration was achieved. In the medium term, the increase in prices was then lower than the increase in income underlying our scenario projections. Moreover, our results indicate that more liberalised trade in agricultural commodities could buffer the food price increases following from afforestation in tropical regions.

  9. How blockchain technology can change medicine.

    Science.gov (United States)

    Roman-Belmonte, Juan M; De la Corte-Rodriguez, Hortensia; Rodriguez-Merchan, E Carlos

    2018-05-01

    Although the best-known use of blockchain technology (BCT) is in the field of economics and cryptocurrencies in general, its usefulness is extending to other fields, including the biomedical field. The purpose of this article is to clarify the role that BCT can play in the field of medicine. We have performed a narrative review of the literature on BCT in general and on medicine in particular. The great advantage of BCT in the health arena is that it allows development of a stable and secure data set with which users can interact through transactions of various types. This environment allows the entry and operation of clinical data without compromising other sensitive data. Another important advantage of BCT is that the entire network is decentralized and is maintained by the users themselves; thus, there is no need to rely on organizations for storage. The Blockchain code is open source and can be used, modified and revised by its users. BCT literature is scarce so far. This article describes the basics of this technology and summarizes the various aspects in which BCT could change the paradigm of current medicine. The great potential of BCT, as well as its many applications in the field of health sciences, encompasses the fields of legal medicine, research, electronic medical records, medical data analysis (big data), teaching and the regulation of payment for medical services. If technological advances continue along these lines, it could bring about a revolution in medicine as we know it.

  10. Institutions, Technological Change and Economic Growth

    Directory of Open Access Journals (Sweden)

    David Corderí Novoa

    2005-01-01

    Full Text Available Theories of economic growth try to explain variations in per capita income across countries by differences in capital accumulation and productivity. However, many scholars consider that integrating institutions into economic theory and economic history is an essential step in improving explanations of why some societies are richer than others. This paper develops the empirical and theoretical case that differences in institutions are the fundamental cause of differences in technological change (productivity, hence in economic growth. First, I give a definition of institutions and how they influence economic performance, from a New Institutional Economics point of view. Then, I introduce the theoretical framework based on the economics of ideas and endogenous growth models. Finally, I argue that R&D expenditures -a proxy for technological change- will vary across countries depending on some measures of institutional quality. In the end, this paper finds that stronger institutions (measured by an aggregate of institutional quality encourage greater R&D expenditures. At a disaggregate level, the rule of law is positively correlated and the regulatory burden is negatively correlated with R&D expenditures. Human capital level (measured by the tertiary and primary school enrolment rates has also a significant positive impact in R&D expenditures.

  11. Structural modelling of economic growth: Technological changes

    Directory of Open Access Journals (Sweden)

    Sukharev Oleg

    2016-01-01

    Full Text Available Neoclassical and Keynesian theories of economic growth assume the use of Cobb-Douglas modified functions and other aggregate econometric approaches to growth dynamics modelling. In that case explanations of economic growth are based on the logic of the used mathematical ratios often including the ideas about aggregated values change and factors change a priori. The idea of assessment of factor productivity is the fundamental one among modern theories of economic growth. Nevertheless, structural parameters of economic system, institutions and technological changes are practically not considered within known approaches, though the latter is reflected in the changing parameters of production function. At the same time, on the one hand, the ratio of structural elements determines the future value of the total productivity of the factors and, on the other hand, strongly influences the rate of economic growth and its mode of innovative dynamics. To put structural parameters of economic system into growth models with the possibility of assessment of such modes under conditions of interaction of new and old combinations is an essential step in the development of the theory of economic growth/development. It allows forming stimulation policy of economic growth proceeding from the structural ratios and relations recognized for this economic system. It is most convenient in such models to use logistic functions demonstrating the resource change for old and new combination within the economic system. The result of economy development depends on starting conditions, and on institutional parameters of velocity change of resource borrowing in favour of a new combination and creation of its own resource. Model registration of the resource is carried out through the idea of investments into new and old combinations.

  12. Make disruptive technological change happen - The case of additive manufacturing

    DEFF Research Database (Denmark)

    Maresch, Daniela; Gartner, Johannes

    2018-01-01

    Disruptive technological change can contribute to a more abundant world. However, potentially disruptive technologies often struggle to significantly influence practice. One prominent example is additive manufacturing (AM). Although AM is often regarded as the next great technological revolution...

  13. [Changes in prices of taxed sugar-sweetened beverages and nonessential energy dense food in rural and semi-rural areas in Mexico].

    Science.gov (United States)

    Colchero, M Arantxa; Zavala, J Alejandro; Batis, Carolina; Shamah-Levy, Teresa; Rivera-Dommarco, Juan A

    2017-01-01

    To estimate changes in prices associated with the implementation of the tax to sugar sweetened beverages (SSB) and to nonessential energy dense food in 2014. Price data were collected in rural and semi-rural areas in December 2013, and April and December 2014. Fixed effects models were used to estimate changes in prices of beverages and nonessential energy dense food, stratified by region, retailer and package size. The SSB tax did not pass completely through prices: prices increased on average 0.73 pesos per liter. For nonessential energy dense food, the tax passed completely or was overshifted for cookies, cereal bars and cereal boxes. The potential effect of the taxes on consumption could be attenuated in rural areas as the pass through prices was incomplete.

  14. Environmental policy and technological change: The effects of economic incentives and direct regulation on energy-saving innovation

    Science.gov (United States)

    Newell, Richard G., Jr.

    Over the long run, the impacts of environmental policies will be greatly affected by the influence these policies have on the rate and direction of technological change. In particular, the roles played by energy prices and product regulation in energy-saving technology innovation are exceptionally important considerations in modeling climate change and evaluating alternative policy options. We analyze the effects of energy prices and energy-efficiency regulations on the menu of air conditioner and water heater models available on the market over a period of more than three decades, measuring their innovation in terms of improvements in the products' underlying characteristics. Through estimation of a series of "characteristics transformation surfaces," we find that during less than four decades, substantial innovation in these products reduced the total capital and operating costs of air conditioning by one-half and water heating by more than one-fifth. Although the overall rate of innovation in these products appears to be independent of energy prices and regulations, the evidence suggests that the direction of innovation may be responsive to energy price changes. This would imply that energy price increases induced innovation in a direction that lowered the capital cost tradeoffs inherent in producing more energy-efficient products. The evidence supporting "regulation-induced" changes in these tradeoffs is much weaker. Our estimates indicate that about one- to two-fifths of the energy-efficiency improvements in these products from 1973 to 1993 were associated with historical changes in energy prices. We also find that this responsiveness to price changes increased substantially after product labeling requirements came into effect, and that minimum efficiency standards had a significant positive effect on average efficiency levels. Nonetheless, a sizeable portion of historical efficiency improvements in these technologies is associated with the products' overall

  15. Financial and technical feasibility of dynamic congestion pricing as a revenue generation source in Indiana : exploiting the availability of real-time information and dynamic pricing technologies.

    Science.gov (United States)

    2011-10-19

    "Highway stakeholders continue to support research studies that address critical issues of the current era, including congestion mitigation and revenue generation. A mechanism that addresses both concerns is congestion pricing which establishes a dir...

  16. Going beyond best technology and lowest price: on renewable energy investors’ preference for service-driven business models

    International Nuclear Information System (INIS)

    Loock, Moritz

    2012-01-01

    Renewable energy is becoming increasingly important for economies in many countries. But still in an emerging industry, renewable energy requires supportive energy policy helping firms to develop and protect competitive advantages in global competition. As a guideline for designing such policy, we consult well-informed stakeholders within the renewable energy industry: investors. Their preferences serve as explorative indicator for assessing which business models might succeed in competition. To contribute to only limited research on renewable energy investors’ preferences, we ask, which business models investment managers for renewable energy prefer to invest in. We report from an explorative study of 380 choices of renewable energy investment managers. Based on the stated preferences, we modelled three generic business models to calculate the share of investors’ preferences. We find exiting evidence: a “customer intimacy” business model that proposes best services is much more preferred by investors than business models that propose lowest price or best technology. Policy-makers can use those insights for designing policy that supports service-driven business models for renewable energy with a scope on customer needs rather than technology or price. Additionally, we state important implications for renewable energy entrepreneurs, managers and research.

  17. Optimal Cycle Time and Preservation Technology Investment for Deteriorating Items with Price-sensitive Stock-dependent Demand Under Inflation

    Science.gov (United States)

    Shah, Nita H.; Shah, Arpan D.

    2014-04-01

    The article analyzes economic order quantity for the retailer who has to handle imperfect quality of the product and the units are subject to deteriorate at a constant rate. To control deterioration of the units in inventory, the retailer has to deploy advanced preservation technology. Another challenge for the retailer is to have perfect quality product. This requires mandatory inspection during the production process. This model is developed with the condition of random fraction of defective items. It is assumed that after inspection, the screened defective items are sold at a discounted rate instantly. Demand is considered to be price-sensitive stock-dependent. The model is incorporating effect of inflation which is critical factor globally. The objective is to maximize profit of the retailer with respect to preservation technology investment, order quantity and cycle time. The numerical example is given to validate the proposed model. Sensitivity analysis is carried out to work out managerial issues.

  18. Technological change of the energy innovation system: From oil-based to bio-based energy

    International Nuclear Information System (INIS)

    Wonglimpiyarat, Jarunee

    2010-01-01

    This paper concerns the structural developments and the direction of technological change of the energy innovation system, based on the studies of Kuhn's model of scientific change and Schumpeter's model of technological change. The paper uses the case study of Thai government agencies for understanding the way governments can facilitate technological innovation. The analyses are based on a pre-foresight exercise to examine the potential of the bio-based energy and investigate a set of development policies necessary for the direction of energy system development. The results have shown that bio-based energy is seen as the next new wave for future businesses and one of the solutions to the problem of high oil prices to improve the world's economic security and sustainable development. (author)

  19. Clean coal technologies and global climate change

    International Nuclear Information System (INIS)

    Long, R.S.

    1993-01-01

    The role for Clean Coal Technologies is discussed in the context of the global climate change debate. Global climate change is, of course as the name implies, a global issue. This clearly distinguishes this issue from acid rain or ozone non-attainment, which are regional in nature. Therefore, the issue requires a global perspective, one that looks at the issue not just from a US policy standpoint but from an international policy view. This includes the positions of other individual nations, trading blocks, common interest groups, and the evolving United Nations bureaucracy. It is assumed that as the global economy continues to grow, energy demand will also grow. With growth in economic activity and energy use, will come growth in worldwide greenhouse gas emissions, including growth in carbon dioxide (CO 2 ) emissions. Much of this growth will occur in developing economies which intend to fuel their growth with coal-fired power, especially China and India. Two basic premises which set out the boundaries of this topic are presented. First, there is the premise that global climate change is occurring, or is about to occur, and that governments must do something to mitigate the causes of climate change. Although this premise is highly rebuttable, and not based on scientific certainty, political science has driven it to the forefront of the debate. Second is the premise that advanced combustion CCTs, with their higher efficiencies, will result in lower CO 2 emissions, and hence lessen any contribution of greater coal use to potential global climate change. This promise is demonstrably true. This discussion focuses on recent and emerging public sector policy actions, which may in large part establish a new framework in which the private sector will find new challenges and new opportunities

  20. CONCEPTUAL CHANGES IN TECHNOLOGY TEACHERS’ CULTUROLOGICAL TRAINING

    Directory of Open Access Journals (Sweden)

    Ievhen Kulyk

    2016-11-01

    Full Text Available The article is devoted to the analysis of conceptual changes in future technology teachers’ cultural training. It is revealed that future technology teachers’ cultural training should be based on the educational system of their professional training. The analysis of existing philosophical systems of forming the ideological bases for modern education showed that none of them is able to resolve the basic contradictions of the teaching process. That is why philosophical principles (interaction, substantial unity and synergy and their interconnection can be the methodological basis for educational activities. This enables us to identify the main contradiction of future technology teachers training. Analysis of the fundamental works of modern philosophers of science (T. Kun, I. Lakatos, V. Tumilin et al. showed that the only methodological concepts (pure observation are not enough to solve many scientific problems. The prerequisite is a trained person participating in the process. It is shown that the professional pedagogical training the future labor training teachers’ educational practice should be based on a set of methodological approaches that simultaneously act both situationally in its unity, interaction, and independently as well. Therefore, integration of methodological approaches (comparative and active, one of the problem activity and person activity, integrative and others allows to detect signs of different elements of professional pedagogical training of future labor training teachers. This leads to the emergence of new knowledge and formation of the skills according to the teachers’ new professional qualities. It is shown that the need for cultural reorientation of future technology teachers’ training system in Ukraine causes the global socio-cultural process, a process of transition from traditional authoritarian society (scientism-technocratic to the modern dynamic society, the so-called "information" one – on the

  1. DTU climate change technologies. Recommendations on accelerated development and deployment of climate change technologies

    Energy Technology Data Exchange (ETDEWEB)

    Larsen, Hans; Halsnaes, K [Technical Univ. of Denmark, Risoe National Lab. for Sustainable Energy, System Analysis Div., Roskilde (Denmark); Nielsen, Niels Axel; Moeller, J S; Hansen, Jakob Fritz; Froekjaer Strand, I [Technical Univ. of Denmark, Kgs. Lyngby (Denmark)

    2009-09-15

    During 2009, the Technical University of Denmark (DTU) has held a number of international workshops for climate change. Participants came from industry, research institutions and government. The workshops focused on sustainable energy systems and climate change adaptation. The summary of conclusions and recommendations from the workshops constitutes a comprehensive set of technology tracks and recommended actions towards accelerated development and deployment of technology within these two key areas. The workshop process has led to three main conclusions. A. Radical changes are needed to develop sustainable energy systems. B. Tools and processes that climate-proof societal planning and management are needed in order to adapt to climate change. C. Partnerships concerning innovation and deployment (research, development and deployment) are required to meet time constraints.

  2. The Effects of Oil Price Changes And Exchange Rate Volatility On Unemployment: Evidence From Malaysia

    Directory of Open Access Journals (Sweden)

    Mohd Shahidan Shaari

    2016-01-01

    Full Text Available The study aims to examine the effects of oil price and exchange rate on unemployment in Malaysia. The empirical analysis commence by analyzing the time series property of data. The Johansen VAR-based co-integration technique was applied to examine the long run relationship between exchange rate, oil price and unemployment and found the long run relationship does exist. The vector error correction model was performed to check the short run dynamics and found that the short run dynamics are influenced by the estimated long run equilibrium. Granger causality was done and found that oil price does not affect unemployment but exchange rate has an influence on unemployment. Therefore, putting the exchange rate under control should be implemented to control unemployment.

  3. U.S. Climate Change Technology Program: Strategic Plan

    National Research Council Canada - National Science Library

    2006-01-01

    .... climate change research and development activities. Under this new structure, climate change science and climate-related technology research programs are integrated to an extent not seen previously...

  4. Integrating technology in a changing organisation

    International Nuclear Information System (INIS)

    Guillon, O.

    1996-01-01

    The paper relates to integrating technology in a changing organisation of Elf Aquitaine. There is a strong pressure to cut costs and be more effective in the company's operations. A process was initiated in 1994 to re-analyse its E and P (Exploration and Production) research and development (R and D) in order to enhance its alignment with the company assets needs, with a subsequent prioritization of R and D projects. The integration included a strategy for cooperation with other oil and service companies. The author presents the process set up to align the company's R and D program to the business needs of its operations, the various levels of cooperation used, and finally an illustration, in the domain of the geosciences, of the various facets of the ongoing cultural revolution which is required to reach a true integration. 11 figs

  5. The Compensative Effects of Tobacco Leaf Price Changes on Tax Revenue in China

    OpenAIRE

    Cai, Hailong; Kinnucan, Henry W.

    2009-01-01

    Tobacco production in China is influenced by a government-set procurement price for tobacco leaf, and an excise tax on tobacco leaf revenue. This study examines the increase in the procurement price needed to keep tax revenue constant in the face of a 50% reduction in the tax rate. This “compensative effect” is important because reductions in the tax rate are contemplated and tobacco tax revenue is a major source of funding for rural communities. Based on an equilibrium-displacement model of ...

  6. The Value of a Valuation Perspective for Theorizing about Social Change and Climate Change: A Study on Carbon Pricing in China

    Directory of Open Access Journals (Sweden)

    Anita Engels

    2018-05-01

    Full Text Available This study combines three purposes: to advance a valuation perspective for theorizing about social change and climate change; to contribute to the general debate on pricing as the dominant policy to meet climate mitigation goals; to improve our understanding of potential decarbonization processes in China. We apply a valuation perspective to an in-depth case study of an emerging carbon market in Hubei Province in Central China. The study builds on original data collected during field trips to Hubei (2014, 2015 and additional documents covering recent developments in the Chinese carbon market. It shows how putting a price on carbon in China emerges as the outcome of a long-term cultural and institutional process in which China's high-carbon growth model is increasingly contested. We emphasize the work that was required before a carbon price could emerge as a market price, and focus on the uncertainty that needed to be overcome in the complex multilevel Chinese system. We suggest that China's introduction of low-carbon policies are a side effect of other political, economic and social pressures, and that it is largely facilitated because such policies are consistent with many other changes that are occurring simultaneously both in the Chinese context and globally.

  7. Investment Risk in the Context of Price Changes on the Real Estate and Stock Markets

    Directory of Open Access Journals (Sweden)

    Wolski Rafał

    2016-03-01

    Full Text Available The residential real estate market is thought to show a tendency for wide fluctuations in prices, as a result of which price bubbles appear. This element of risk has a direct bearing on investors interested in speculation and those seeking to meet their housing needs. Wide fluctuations in the values of real estate affect the investors’ financial situation in many ways, by determining the possibility of meeting one’s housing needs, reducing or sometimes raising creditworthiness, and by increasing investment risk measured by volatility. Omitting the obvious social dimension of the residential real estate market and concentrating on its financial aspects, the author of the article analyses to what degree wide swings in prices can be recognized as specific to this market. To this end, the volatility of prices in the stock market and in the secondary housing market in Poland is compared. An analysis is performed to establish which of them has higher average volatility measures or rates of return, i.e. which of them is more profitable or secure for investors. Statistical tests are used to find out whether average rates of return or measures of risk are equal or different between the two markets. The results of the research show that the secondary housing market and the stock market differ concerning cumulative average rates of return and standard deviations. In the first of them, they are respectively higher and lower.

  8. Estimating the effects of Technology and Depletion on the Real Price of Copper in the U. S. Using a Cointegration Approach

    Energy Technology Data Exchange (ETDEWEB)

    Bunuel, M.

    2001-07-01

    The effects of technology and depletion on U. S. copper scarcity- as measured by real price can be estimated explicitly using econometrics, rather than assuming the their combined effect is implicit in a quadratic trend. The two most relevant cost-decreasing technologies-black-caving and open-pit mining and leaching and solvent extraction-electrowinning (SX-EW)-are proxied by their rate of diffusion. Depletion is proxied by average yield. Since these proxies and real price contain a unit root. Johansen's maximum-likelihood estimation procedure is used to test for the number of cointegrating relations, and estimate a vector autoregressive model from which a price equation in error-correction form is derived. A unique cointegrating relation without a trend is found, which supports the hypothesis that the real price of copper has no scarcity-rent component if we believe that this components should be modeled as a trend. The cointegrating relation loads into the price equation, and the convergence towards the long-run equilibrium is almost instantaneous. The estimated combined effect of physical depletion and technology on the U. S. real price of copper shows that the diffusion of block-caving and open-pit mining technologies off set the effect on price of the decline in average yield until the end of the thirties. From 1938 to 1976, the combined effect was slightly positive, and markedly and continuously negative thereafter, as a result of the introduction of leaching and SX-EW technologies, and the stabilization and even increase of average yield. (Author)

  9. Pricing offshore wind power

    International Nuclear Information System (INIS)

    Levitt, Andrew C.; Kempton, Willett; Smith, Aaron P.; Musial, Walt; Firestone, Jeremy

    2011-01-01

    Offshore wind offers a very large clean power resource, but electricity from the first US offshore wind contracts is costlier than current regional wholesale electricity prices. To better understand the factors that drive these costs, we develop a pro-forma cash flow model to calculate two results: the levelized cost of energy, and the breakeven price required for financial viability. We then determine input values based on our analysis of capital markets and of 35 operating and planned projects in Europe, China, and the United States. The model is run for a range of inputs appropriate to US policies, electricity markets, and capital markets to assess how changes in policy incentives, project inputs, and financial structure affect the breakeven price of offshore wind power. The model and documentation are made publicly available. - Highlights: → We calculate the Breakeven Price (BP) required to deploy offshore wind plants. → We determine values for cost drivers and review incentives structures in the US. → We develop 3 scenarios using today's technology but varying in industry experience. → BP differs widely by Cost Scenario; relative policy effectiveness varies by stage. → The low-range BP is below regional market values in the Northeast United States.

  10. Returns on investments in energy-saving technologies under energy price uncertainty in Dutch greenhouse horticulture

    NARCIS (Netherlands)

    Diederen, P.J.M.; Tongeren, van F.W.; Veen, van der H.B.

    2003-01-01

    Conventional net present value calculations evaluating the profitability of investments in energy-saving technologies in Dutch horticultural outlays predict a much higher rate of adoption of these technologies than is actually observed. This paper tries to explain this gap by applying a real options

  11. Early evaluation and value-based pricing of regenerative medicine technologies.

    Science.gov (United States)

    Koerber, Florian; Rolauffs, Bernd; Rogowski, Wolf

    2013-11-01

    Since the first pioneering scientists explored the potential of using human cells for therapeutic purposes the branch of regenerative medicine has evolved to become a mature industry. The focus has switched from 'what can be done' to 'what can be commercialized'. Timely health economic evaluation supports successful marketing by establishing the value of a product from a healthcare system perspective. This article reports results from a research project on early health economic evaluation in collaboration with developers, clinicians and manufacturers. We present an approach to determine an early value-based price for a new treatment of cartilage defects of the knee from the area of regenerative medicine. Examples of using evaluation results for the purpose of business planning, market entry, preparing the coverage decision and managed entry are discussed.

  12. 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.

  13. The Effect of Change in Cattle Price on the Demand for Input and the Supply of Output in the Bali Cattle Fattening Business

    OpenAIRE

    Rusdianto, Sasongko Wijoseno

    2015-01-01

    The change in cattle price faced by farmers in the cattle fattening business when buying feeders and selling the beef cattle. This study was aimed to observe the efforts done by the farmers and the solutions that could be suggested. The purpose of this study was to analyze the effect of cattle price change on the demand for feeders and the supply of cattle which are produced by Bali cattle fattening businesses in West Nusa Tenggara. The results showed that the change of the beef cattle price ...

  14. Innovation in Nuclear Technology for the Least Product Price and Cost

    International Nuclear Information System (INIS)

    Duffey, Romney

    2003-01-01

    In energy markets, costs dominate for all new technology introductions (pressure valves, gas turbines, reactors) both now and far into the future. Technology improves, and costs are reduced as markets are penetrated with the trend following a learning/experience curve (MCE) based on classic economic forces. The curve followed is governed by development costs and market targets, and nuclear systems follow such a curve in order to compete with other technologies and projected future cost for alternate energy initiatives. Funding impacts directly on market penetration and on the ''learning rate.'' The CANDU/AECL development path (experience curve) is a chosen balance between evolution and revolution for a competitive advantage

  15. Changing the fundamentals[Drill technology

    Energy Technology Data Exchange (ETDEWEB)

    Flatern, R. von

    2003-02-01

    Evolution of the science of drilling oil and gas wells has evolved in fits and starts. From drilling with cables to rotary tables to top drives, from straight holes to horizontal, it has been a process interrupted occasionally by flashes of revolutionary brilliance. In this article the author looks at the state of just a few of the technologies that define or threaten to change how drillers go about their business. In the early days of deepwater exploration drillers responded more to technical challenges than financial ones, primarily with immense semisubmersibles and drillships, together with all he necessary ancillary items. The goal of getting deeper faster is not a new one, better performance bits, muds, LWD and MWD, together with numerous other developments all emerged as a result of the desire to shorten the time between spud and TD. But whereas saving a day or two drilling onshore or nearshore is desirable, it has never before been possible to realize the kind of substantial financial benefits from relatively small time savings. Research and development into these type of savings with the design and improvement of different types drill bits and casing drilling is described.

  16. Nationalist Technologies of Cultural Memory and the Korean War: Militarism and Neo-Liberalism in "The Price of Freedom" and the War Memorial of Korea

    Directory of Open Access Journals (Sweden)

    Daniel Y. Kim

    2015-03-01

    Full Text Available This article examines the technologies of nationalism that shape how the Korean War is depicted in two museum and memorial sites: The Price of Freedom: Americans at War, a permanent exhibit at the National Museum of American History in Washington, DC, and the War Memorial of Korea in Seoul. It shows how the use of traditional historical artifacts in The Price of Freedom and cinematic and digital technologies in the War Memorial generate structures of cultural memory that celebrate both a nationalist militarism and the ethos of neoliberalism.

  17. Stock Prices, the Business Cycle and Contingent Change: Evidence from Bloomberg News Market Wraps

    OpenAIRE

    Nicholas Mangee

    2014-01-01

    This study provides evidence that stock market participants revise their forecasting strategies in response to macroeconomic news contingent on the state of the economy. This study utilizes Mangee (2011)'s novel dataset based on textual information contained in Bloomberg News's end-of-the-day stock market reports. A key finding is that macroeconomic news is reported to impact stock prices with a positive relation on some days and a negative one on others. The Bloomberg data show that, on aver...

  18. The tug-of-war between resource depletion and technological change in the global oil industry 1981-2009

    Energy Technology Data Exchange (ETDEWEB)

    Lindholt, Lars

    2013-01-15

    We perform an empirical analysis of the extent to which ongoing technological change through RandD activity has offset the effect of ongoing depletion on the cost of finding additional reserves of oil in eight global regions. We introduce a finding cost function that among other factors depends on the cumulative number of past RandD expenses and cumulative past production, measuring technological change and depletion, respectively. For all our regions we find significant effects of both depletion and technological change on oil finding costs from 1981 to 2009, barring cyclical variations in finding costs that could come from changes in factor prices. For almost all regions technology more than mitigated depletion until around the mid-nineties. However, we find that depletion outweighed technological progress over the last decade.(author)

  19. Pricing Models and Payment Schemes for Library Collections.

    Science.gov (United States)

    Stern, David

    2002-01-01

    Discusses new pricing and payment options for libraries in light of online products. Topics include alternative cost models rather than traditional subscriptions; use-based pricing; changes in scholarly communication due to information technology; methods to determine appropriate charges for different organizations; consortial plans; funding; and…

  20. Phase Change Permeation Technology for Environmental Control & Life Support Systems

    Data.gov (United States)

    National Aeronautics and Space Administration — NASA is evaluating Dutyion™, a phase change permeation membrane technology developed by Design Technology and Irrigation (DTI), for use in future advanced life...

  1. Drug usage by outpatients in Croatia during an 8-year period: Influence of changes in pricing policy.

    Science.gov (United States)

    Vitezic, Dinko; Madjarevic, Tomislav; Gantumur, Monja; Buble, Tonci; Vitezic, Miomira; Kovacevic, Miljenko; Mrsic-Pelcic, Jasenka; Sestan, Branko

    2012-07-01

    The aim of our study was to investigate the changes in drug usage and financial expenditure according to legal changes in Croatia during the period 2001 - 2008, especially considering pricing policy. The data on outpatient drug usage during the studied period was obtained from the Croatian National Health Insurance (CNHI). CNHI maintains a database on drugs prescribed by primary health care physicians and dispensed by pharmacies. The data was calculated and presented in defined daily doses (DDD) per inhabitant per year for antibiotics and in DDD/1,000 inhabitants/day for other drugs. The data is also presented in Euro/DDD and the financial expenditures are presented in Euros. During the investigated period drug usage increased 81.33%, while financial expenditure increased 77.23%. While total DDD/1,000 increased ~ 10% every year, financial expenditure increased 10 - 20% annually until 2006, but since then there have been no significant changes. Pricing policy changes could influence drug financial expenditure considerably in the short-term, but it is also important to apply a combination of measures for drug expenditure control. Numerous interventions from authorities from different countries all over the world, prove that there is still no so called "gold standard" which could restrain growing usage and expenditure of drugs. Clinical pharmacologists and clinical pharmacists should be included in these processes.

  2. 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...... for patients and the health insurance system. We also estimated an increase in consumer welfare but the size effect depends on whether or not perceived quality differences between branded and other drugs are taken into account....

  3. Enterprise Information Technology Organizational Flexibility: Managing Uncertainty and Change

    Science.gov (United States)

    Patten, Karen Prast

    2009-01-01

    Chief Information Officers (CIOs) lead enterprise information technology organizations (EITOs) in today's dynamic competitive business environment. CIOs deal with external and internal environmental changes, changing internal customer needs, and rapidly changing technology. New models for the organization include flexibility and suggest that CIOs…

  4. E-Books in Higher Education: Technology, E-Marketing Prospects, and Pricing Strategy

    OpenAIRE

    Norshuhada Shiratuddin

    2005-01-01

    This article describes an ongoing project on the use of electronic books (e-books) in a higher institution and starts with a discussion on the diversity of e-book definitions to address misconception of its concept. Then, the advantages and associated technology such as hardware, software, formats, and standards are detailed. Comparisons between formats, a discussion on where e-books can be acquired and purchased, the electronic publishing process, e-book compilers, and personalized e-books a...

  5. Technological changes, new materials, and their impact on the demand for minerals

    International Nuclear Information System (INIS)

    Rogich, D.G.

    1991-01-01

    Almost all mineral commodities compete in an international market, and changing technologies and preferences can impact this materials market to either increase or decrease the demand for specific minerals. This paper presents information on the changes we are seeing in materials usage in the United States, some specific examples of market penetration and methods to evaluate this, and some preliminary data on worldwide trends. Traditionally, evaluating the viability of a mineral venture involves the estimation of anticipated costs, production rates, mine life, and discount rates. These estimated costs are then compared with current and expected future prices to see if the necessary return on investment is likely to be generated. Additionally, an examination of the current, and expected future competition in the market is certainly of interest since an assessment of where the operation's costs fall in relation to the total world supply determines how far demand/prices can fall before stronger operations can supply the whole market. Feedstock price has been the traditional measure in the minerals community, and most producers think of themselves as suppliers of particular commodities in competition with other similar suppliers. However, this approach must be altered when we seek to evaluate how individual commodities compete in a market where substitution is expanding

  6. Emerging technologies for the changing global market

    Science.gov (United States)

    Cruit, Wendy; Schutzenhofer, Scott; Goldberg, Ben; Everhart, Kurt

    1993-01-01

    This project served to define an appropriate methodology for effective prioritization of technology efforts required to develop replacement technologies mandated by imposed and forecast legislation. The methodology used is a semi-quantative approach derived from quality function deployment techniques (QFD Matrix). This methodology aims to weight the full environmental, cost, safety, reliability, and programmatic implications of replacement technology development to allow appropriate identification of viable candidates and programmatic alternatives. The results will be implemented as a guideline for consideration for current NASA propulsion systems.

  7. Economic grand rounds: the price is right? Changes in the quantity of services used and prices paid in response to parity.

    Science.gov (United States)

    Goldman, Howard H; Barry, Colleen L; Normand, Sharon-Lise T; Azzone, Vanessa; Busch, Alisa B; Huskamp, Haiden A

    2012-02-01

    The impact of parity coverage on the quantity of behavioral health services used by enrollees and on the prices of these services was examined in a set of Federal Employees Health Benefit (FEHB) Program plans. After parity implementation, the quantity of services used in the FEHB plans declined in five service categories, compared with plans that did not have parity coverage. The decline was significant for all service types except inpatient care. Because a previous study of the FEHB Program found that total spending on behavioral health services did not increase after parity implementation, it can be inferred that average prices must have increased over the period. The finding of a decline in service use and increase in prices provides an empirical window on what might be expected after implementation of the federal parity law and the parity requirement under the health care reform law.

  8. Digital Technologies and a Changing Profession

    DEFF Research Database (Denmark)

    Plesner, Ursula; Raviola, Elena

    Digital technologies are profoundly disturbing not only news delivery, but also the whole organization of news work. The relationship between digital technologies and news has been investigated especially in media and journalism studies. Scholars in these fields have followed the introduction...... of digital technologies into news work (Ursell, 2001; Pavlik, 2000, 2013; Saltzis and Dickinson, 2008; Meikle and Redden, 2011, Plesner 2010), and dealt with a range of organizational consequences of this development. In studies of news organizations, it has been pointed out that the question of digital...... technology appropriation is not just important for technical or economic reasons, but because it affects organizational structures, work practices and representations (Boczkowski, 2004). For instance, reporters and editors must manage market pressures and time pressures in new ways (Klinenberg, 2005) due...

  9. Biodiversity technologies: tools as change agents

    Science.gov (United States)

    Snaddon, Jake; Petrokofsky, Gillian; Jepson, Paul; Willis, Katherine J.

    2013-01-01

    A meeting on Biodiversity Technologies was held by the Biodiversity Institute, Oxford on the 27–28 of September 2012 at the Department of Zoology, University of Oxford. The symposium brought together 36 speakers from North America, Australia and across Europe, presenting the latest research on emerging technologies in biodiversity science and conservation. Here we present a perspective on the general trends emerging from the symposium. PMID:23221877

  10. How is new technology changing job design?

    OpenAIRE

    Gibbs, Michael

    2017-01-01

    The information technology revolution has had dramatic effects on jobs and the labor market. Many routine and manual tasks have been automated, replacing workers. By contrast, new technologies complement non-routine, cognitive, and social tasks, making work in such tasks more productive. These effects have polarized labor markets: While low-skill jobs have stagnated, there are fewer and lower paid jobs for middle-skill workers, and higher pay for high-skill workers, increasing wage inequality...

  11. Price trends and project viability

    International Nuclear Information System (INIS)

    Olsen, W.H.

    1999-01-01

    The paper discusses some of the remarkable changes that have occurred in the oil and gas industry over about the past 25 years. In the past ten years alone, technology and politics have brought new ways of working together and the recovery of resources once thought of as impossible. Cooperation appears to be a key word. The paper was presented under the sub-headings of the environment, global energy outlook, technological drivers and the challenge ahead. The current low price of oil will inevitably slow down exploration and field development but the author remains optimistic despite the tough challenges. The paper contains many diagrams relating to production, costs, efficiency, exploration, reserves, price forecasts and exploration technology

  12. Impact of the technological change on energy technology. [In German

    Energy Technology Data Exchange (ETDEWEB)

    Schaefer, H

    1976-01-01

    The development of electrical engineering, and its contribution and importance to energy supply are briefly reviewed. Starting with the specific characteristics of electric current as an energy carrier, the close interaction between possibilities for using electric power and innovations in the field of equipment production are explained and illustrated with examples. Further, it is shown how progress in other disciplines influence the technological development of electric power generation, tansmission, distribution, and use.

  13. Technological change and petroleum exploration in the Gulf of Mexico

    International Nuclear Information System (INIS)

    Managi, Shunsuke; Opaluch, J.J.; Jin Di; Grigalunas, T.A.

    2005-01-01

    We examine the impact of technological change on oil and gas exploration in the Gulf of Mexico from 1947 to 1998, using a unique micro-data set. An index variable for technological change is constructed to capture both the number and significance of technological innovations in the offshore industry over the study period. Empirical models of exploration-discovery and of drilling cost are used to assess the effect of technological change at both the field level and the regional level. Our results indicate that technological change played a very significant role in the offshore industry over the past 50 years, increasing reserves and lowering cost. Although depletion effect was dominant over the first two decades, the effect of technological change was able to offset that of resource depletion over the entire 50-year study period

  14. Technology change priorities influencing competition quality promotion: Case study of Iran Keaton Polyester Manufacturing Company

    Directory of Open Access Journals (Sweden)

    Pouria Nour

    2012-10-01

    Full Text Available In the changing world with various customers’ demands the businesses tend to improve their advantages to beat their rivals by means of better quality, lower prices and so. For Iranian polyester market quality is of crucial importance and is achieved through changing and updating technologies. According to highly regarded model of CAPTECH, which is recommended by UNIDO, technology parameters are defined in each phase and not generally as a whole. In the end the biggest gaps are defined. The main goal is to prioritize the main parameters affecting Iranian polyester company's quality. In order to fulfill our goal, 20 high and medium managers were questioned for this paper. The questions were gathered according to UNIDO samples. After a qualitative and quantitative test we concluded that the biggest gap is for supply chain(56.91 and the lowest gap is for combination phase(43.97.

  15. Why Changes in Price Matter When Thinking About Marijuana Policy: A Review of the Literature on the Elasticity of Demand.

    Science.gov (United States)

    Pacula, Rosalie Liccardo; Lundberg, Russell

    Recent debates regarding liberalization of marijuana policies often rest on assumptions regarding the extent to which such policy changes would lead to a change in marijuana consumption and by whom. This paper reviews the economics literature assessing the responsiveness of consumption to changes in price and enforcement risk and explicitly considers how this responsiveness varies by different user groups. In doing so, it demonstrates how most of the research has examined responsiveness to prevalence of use, which is a composite of different user groups, rather than level of consumption among regular or heavy users, which represent the largest share of total quantities consumed. Thus, it is not possible to generate reliable estimates of the impact of liberalizing policies on either tax revenues or harms, as these outcomes are most directly influenced by the amounts consumed by regular or heavy users, not prevalence rates.

  16. Durum Wheat Cover Analysis in the Scope of Policy and Market Price Changes: A Case Study in Southern Italy

    Directory of Open Access Journals (Sweden)

    Si Mokrane Siad

    2017-02-01

    Full Text Available Agricultural land systems are the result of human interactions with the natural environment, and subjective evidence of socio-economic and environmental interactions has been demonstrated. Nevertheless, it is still difficult to analyze empirically the link between agricultural market and policy, as well as the environmental response due to changes in crop management by local stakeholders. In this study, we propose a cross investigation and analysis to bring the link between vegetation cover, policy, market and farmer’s behavior to light. Our methodology is a combination of a rational positive and analogical approach between the quantifiable and non-quantifiable agents on a temporal basis. The method is applied to a dominant mono-crop agricultural watershed in Southern Italy that has been dedicated to durum wheat cultivation. In this region, we studied the relationship between the Common Agricultural Policy (CAP, durum wheat market price, vegetation cover and land allocation. As a first step, we conducted a separate analysis for each factor, exploiting Moderate Resolution Imaging Spectroradiometer (MODIS satellite observed Leaf Area Index (LAI to analyze the land vegetation space–time distribution over the period 2000–2014 and three Land Satellite (Landsat validated images as check-points for the agricultural pattern and CAP’s reforms. We used the Farm Accountancy Data Network (FADN and Eurostat data to investigate the on-farm accountancy and the durum wheat market price changes, respectively. Based on the study period, we developed a storyline of the major relevant CAP’s policy changes. In a second step, we conducted a comparative analysis where the CAP’s reforms were used as interpretational support, the land allocation and the on-farm accountability for CAP’s implementation, the price of durum wheat and the LAI for analytical comparison. We found interesting insights regarding the non-agronomic driving forces of LAI dynamics. The

  17. Price control and macromarketing

    Directory of Open Access Journals (Sweden)

    Kancir Rade

    2003-01-01

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

  18. Provisions for Climate Change Technological Capability in the ...

    African Journals Online (AJOL)

    organisational) that enable farm or actors to efficiently use equipment and information and improve technology. The paper reviewed the climate change technological capability provisions in agricultural policies, acts and initiatives in Nigeria. The technological capabilities examined were production, investment, minor ...

  19. Climate Change and Requirement of Transfer of Environmentally Sound Technology

    DEFF Research Database (Denmark)

    Uddin, Mahatab

    that developed the technology, to another that adopts, adapts, and uses it. As different kinds of threats posed by climate change are continuously increasing all over the world the issue of “technology transfer” especially the transfer of environmentally sound technologies has become one of the key topics...

  20. The Change Book: A Blueprint for Technology Transfer.

    Science.gov (United States)

    Addiction Technology Transfer Centers.

    This document was developed by the Addiction Technology Transfer Center (ATTC) National Network to improve understanding about how valuable effective technology transfer is to the fields of substance abuse treatment and prevention. Technology transfer involves creating a mechanism by which a desired change is accepted, incorporated, and reinforced…

  1. 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.

  2. Localized Technological Change and Path-Dependent Growth

    OpenAIRE

    Bassanini, A.

    1997-01-01

    In recent years the theory of macroeconomic growth has seen an expanding literature building upon the idea that technological change is localized (technology-specific) to investigate various phenomena such as leapfrogging, take-off, and social mobility. In this paper I explore the relationship between localized technological change and dependence on history of long-run aggregate output growth. The growth model I set forth show that, subject to mild assumptions on the stochastic process repres...

  3. AUTOMATION AND TECHNOLOGICAL CHANGE IN BANKING.

    Science.gov (United States)

    STEINER, CARL L.

    THE PURPOSES OF THIS STUDY WERE TO DETERMINE THE PERSONNEL CHANGE DIRECTLY RESULTING FROM THE INSTALLATION OF ELECTRONIC DATA PROCESSING IN ONE OF THE LARGE COMMERCIAL BANKS IN BALTIMORE, TO DESCRIBE THE PROCESSES AND JOB DUTIES INVOLVED, AND TO INDICATE HOW CHANGES HAVE AFFECTED EMPLOYMENT AND WHAT MAY BE EXPECTED IN THE FUTURE. THE USE OF THE…

  4. Organisational change and the productivity effects of green technology adoption

    OpenAIRE

    Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde

    2016-01-01

    This study investigates induced productivity effects of firms introducing new environmental technologies. The literature on within-firm organisational change and productivity suggests that firms can achieve higher productivity gains from adopting new technologies if they adapt their organisational structures. Such complementarity effects may be of particular importance for the adoption of greenhouse gas (GHG) abatement technologies. The adoption of these technologies is often induced by publi...

  5. Effects of nutrient profiling and price changes based on NuVal® scores on food purchasing in an online experimental supermarket.

    Science.gov (United States)

    Epstein, Leonard H; Finkelstein, Eric A; Katz, David L; Jankowiak, Noelle; Pudlewski, Corrin; Paluch, Rocco A

    2016-08-01

    The goal of the present study was to apply experimental economic methods in an online supermarket to examine the effects of nutrient profiling, and differential pricing based on the nutrient profile, on the overall diet quality, energy and macronutrients of the foods purchased, and diet cost. Participants were provided nutrient profiling scores or price adjustments based on nutrient profile scores while completing a hypothetical grocery shopping task. Prices of foods in the top 20 % of nutrient profiling scores were reduced (subsidized) by 25 % while those in the bottom 20 % of scores were increased (taxed) by 25 %. We evaluated the independent and interactive effects of nutrient profiling or price adjustments on overall diet quality of foods purchased as assessed by the NuVal® score, energy and macronutrients purchased and diet cost in a 2×2 factorial design. A large (>10 000 food items) online experimental supermarket in the USA. Seven hundred and eighty-one women. Providing nutrient profiling scores improved overall diet quality of foods purchased. Price changes were associated with an increase in protein purchased, an increase in energy cost, and reduced carbohydrate and protein costs. Price changes and nutrient profiling combined were associated with no unique benefits beyond price changes or nutrient profiling alone. Providing nutrient profile score increased overall NuVal® score without a reduction in energy purchased. Combining nutrient profiling and price changes did not show an overall benefit to diet quality and may be less useful than nutrient profiling alone to consumers who want to increase overall diet quality of foods purchased.

  6. Digital Technologies and a Changing Profession

    DEFF Research Database (Denmark)

    Plesner, Ursula; Raviola, Elena

    2016-01-01

    Purpose: The purpose of this article is to investigate what role particular new management devices play in the development of the news profession in an organizational setting shifting to new technologies. Design/methodology/approach: This is studied through of observations of work practices...... they produce new practices and power relationships. It is shown that the devices produce increased collaboration among journalists and interaction between managers and output journalists, that mundane work and power is delegated to technological devices and that news products are increasingly standardized....... Furthermore, the article’s focus on devices opens up for conceptualizing power in the news room as distributed across a network of people and things, rather executed by managers alone....

  7. Digital Technologies and a Changing Profession

    DEFF Research Database (Denmark)

    Plesner, Ursula; Raviola, Elena

    2016-01-01

    in the newsroom and through documentary research and qualitative interviews with managers, editors, and other professionals. Findings: It is shown that management devices such as the news table and the news concept are central to the reorganization of news work, as they realize managers’ strategies, just like......Purpose: The purpose of this article is to investigate what role particular new management devices play in the development of the news profession in an organizational setting shifting to new technologies. Design/methodology/approach: This is studied through of observations of work practices...... they produce new practices and power relationships. It is shown that the devices produce increased collaboration among journalists and interaction between managers and output journalists, that mundane work and power is delegated to technological devices and that news products are increasingly standardized...

  8. Logical design of a decision support system to forecast technology, prices and costs for the national communications system

    Science.gov (United States)

    Williams, K. A.; Partridge, E. C., III

    1984-09-01

    Originally envisioned as a means to integrate the many systems found throughout the government, the general mission of the NCS continues to be to ensure the survivability of communications during and subsequent to any national emergency. In order to accomplish this mission the NCS is an arrangement of heterogeneous telecommunications systems which are provided by their sponsor Federal agencies. The physical components of Federal telecommunications systems and networks include telephone and digital data switching facilities and primary common user communications centers; Special purpose local delivery message switching and exchange facilities; Government owned or leased radio systems; Technical control facilities which are under exclusive control of a government agency. This thesis describes the logical design of a proposed decision support system for use by the National Communications System in forecasting technology, prices, and costs. It is general in nature and only includes those forecasting models which are suitable for computer implementation. Because it is a logical design it can be coded and applied in many different hardware and/or software configurations.

  9. Does the Change in the Company's Name Affect the Share Price? The Case Study of the Polish Capital Market

    Directory of Open Access Journals (Sweden)

    Roman Asyngier

    2018-05-01

    Full Text Available Aim/purpose - The paper was aimed to find out if abnormal returns occur before and after changes in the names of companies listed on the Warsaw Stock Exchange. Design/methodology/approach - Due to the fact that this was an early stage of the research, an appropriate methodology was used in the research which took into account indexes of relative force of quotations of some selected companies in relation to the wide Warsaw Stock Exchange WIG index. Findings - The research findings proved the existence of positive abnormal returns before the name changes and negative trends after the name changes in companies in the long term. Comparing the average volume of share trading before and after the name changes in companies, no positive effect was noticed in this scope. Research implications/limitations - The clear and unambiguous results appear to be significant for investors while taking investment decisions. Therefore, the conclusions from the findings of the pilot research need to be confirmed and verified in further studies on the problem, with the use of a more advanced methods. Originality/value/contribution - The paper represents one of the few empirical studies on the impact of the name changes of listed companies on the share prices in relation to the emerging markets, and the first ones concerning the Polish share market. The findings of the study may give grounds to discuss and identify practical causes of market behaviors as a result of changes in companies' names.(original abstract

  10. OPTIMAL PRODUCTION–SALES STRATEGIES FOR A COMPANY AT CHANGING MARKET PRICE

    Directory of Open Access Journals (Sweden)

    ELLINA V. GRIGORIEVA

    2015-01-01

    Full Text Available In this paper we consider a monopoly producing a consumer good of high demand. Its market price depends on the volume of the produced goods described by the Cobb-Douglas production function. A production-sales activity of the firm is modeled by a nonlinear differential equation with two bounded controls: the share of the profit obtained from sales that the company reinvests into expanding own production, and the amount of short-term loans taken from a bank for the same purpose. The problem of maximizing discounted total profit on a given time interval is stated and solved. In order to find the optimal production and sales strategies for the company, the Pontryagin maximum principle is used. In order to investigate the arising two-point boundary value problem for the maximum principle, an analysis of the corresponding Hamiltonian system is applied. Based on a qualitative analysis of this system, we found that depending on the initial conditions and parameters of the model, both, singular and bang- bang controls can be optimal. Economic analysis of the optimal solutions is discussed.

  11. Price fairness

    OpenAIRE

    Diller, Hermann

    2013-01-01

    Purpose – The purpose of this article is to integrate the various strands of fair price research into a concise conceptual model. Design/methodology/approach – The proposed price fairness model is based on a review of the fair pricing literature, incorporating research reported in not only English but also German. Findings – The proposed fair price model depicts seven components of a fair price: distributive fairness, consistent behaviour, personal respect and regard for the partner, fair dea...

  12. Developments in Global Food Prices

    OpenAIRE

    Vanessa Rayner; Emily Laing; Jamie Hall

    2011-01-01

    Global food prices have increased significantly since the early 2000s, reversing the long-run trend decline in relative food prices over previous decades. A range of supply disruptions in key food-producing countries have contributed to higher food prices, along with strong demand from developing countries as per capita incomes rise and consumption patterns change. Rising commodity prices are leading to higher headline consumer price inflation in many countries though, at this stage, core mea...

  13. Technological and social change and the future of nuclear power

    International Nuclear Information System (INIS)

    Douglas, H.

    1988-01-01

    Over the past decade and a half, the nuclear power industry has experienced growing public opposition. Underlying the nuclear industry's problems is a very fundamental anti-technology outlook by the public - visibly apparent in the environmental movement - that not only affects nuclear power but business in general. Is this anti-technology attitude of the public and media writers a passing phase, or will it wane and yield to a positive attitude toward technology? This paper discusses historical, sociological and technological change in the Western industrial world, and how changing attitudes might affect nuclear power in the future. (author)

  14. TECHNOLOGICAL CHANGES IN THE CEMENT MANUFACTURING INDUSTRY.

    Science.gov (United States)

    WESSON, CARL E.

    THE PURPOSE OF THIS STUDY IS TO PRESENT A PRELIMINARY PICTURE OF OCCUPATIONAL CHANGES BROUGHT ABOUT IN THE MANUFACTURE OF CEMENT AS A RESULT OF INTRODUCING AUTOMATED EQUIPMENT. ONE AUTOMATED AND SEVERAL CONVENTIONAL TYPE CEMENT PLANTS WERE STUDIED. ANALYSIS OF DATA OBTAINED THROUGH RESEARCH AND DATA COLLECTED DURING THE STUDY REVEALED THAT…

  15. How do electricity consumption excluding power intensive manufacturing, react on changes in the spot price?; Hvordan reagerer stroemforbruket i alminnelig forsyning paa endringer i spotpris?

    Energy Technology Data Exchange (ETDEWEB)

    Holstad, Magne; Pettersen, Finn Erik L.

    2011-05-15

    The purpose of this report is to analyse how electricity consumption excluding power intensive manufacturing will react on changes in the spot price on the basis of monthly data of the period 1996-2010 and an econometric error correction model. General consumption accounts for approximately 70 percent of the total net consumption of electricity in Norway. Households, services and other manufacturing than the power intensive account for the majority of this consumption. In order to estimate the net effect of the spot price on general electricity consumption, it is important to control for other variables that also affect the consumption. Since much of the electricity in general consumption is used for heating, one obvious and important explanatory variable is temperature. In addition to electricity price and temperature we assume that general consumption also depends on economic activity, price on light heating oil, the share of working days in the current month and a summer holiday dummy. In the consumption equation price can not be considered as an exogenous explanatory variable, since consumption affects price and vice versa. Hence, we have added a price equation that can be considered as an inverted supply equation. Both the consumption and the supply equation are specified dynamically in order to allow for slow adjustment of supply and consumption. The two equations of the model are estimated by two stage least square (2SLS). Full information maximum likelihood (FIML) is the most efficient estimation method in large samples, but a crucial assumption for consistent FIML-estimation is that the disturbance terms are normally distributed. A Jarque-Bera test of the error terms does not support this assumption in our data. R2 in the consumption equation is high. 96 per cent of the variation in the relative change in consumption is explained. In the price equation R2 is considerably lower. We find that if the spot price for Norway increases by 1 percent from one month

  16. CCTC 2009 : 2nd Climate Change Technology Conference

    International Nuclear Information System (INIS)

    2009-01-01

    The 2nd Climate Change Technology Conference (CCTC2009) was held in Hamilton, Ontario, Canada on May 12-15, 2009. CCTC2009 is a Canadian/International forum for engineers, scientists, policy advisors, industry and other stakeholders to share new information and ideas for dealing with climate change and global warming. It also provided an opportunity for participants to keep abreast of emerging techniques and technologies for the mitigation of and adaptation to, the impacts of climate change. The conference theme: 'Climate Change ..... Deal with It!' emphasized the need to develop practical engineering and administrative responses to address the impacts of climate change and global warming.

  17. Models of change and the adoption of web technologies

    DEFF Research Database (Denmark)

    Nielsen, Jørn Flohr

    2008-01-01

    , teleological (including planned change), dialectical, and evolutionary theories. These theories are shown to provide a useful framework for examining the adoption and implementation of Internet technology at different stages. Especially, it is shown how participation can be included in the models and how......This article illustrates how advanced theories of change are useful in understanding the actual adoption of emergent Internet technologies drawing on surveys of Nordic banks. The point of departure is Van de Ven and Poole's identification of four basic types of theories of change: life cycle...... of change models can help in the guidance of planned change by enriching traditional diagnostic models....

  18. Cost and Price Collaboration

    Science.gov (United States)

    2016-04-30

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

  19. Taxes vs Permits. Options for Price-Based Climate Change Regulation

    International Nuclear Information System (INIS)

    Sin, I.; Kerr, S.; Hendy, J.

    2005-03-01

    This paper provides an overview of key issues involved in the choice among market-based instruments for climate change policy. Specifically, it examines the potential net benefits from shifting to a permit system for emission reduction, and the preconditions necessary for this change. It also draws out the implications of New Zealand's specific circumstances and current climate policies for future policy development

  20. 76 FR 77856 - International Mail Price Change for Inbound Air Parcel Post

    Science.gov (United States)

    2011-12-14

    ... Commission is noticing a recently-filed Postal Service request to change rates for Inbound Air Parcel Post at....\\2\\ Notice at 2. \\1\\ Notice of the United States Postal Service of Filing Changes in Rates Not of..., 2011 (Notice). \\2\\ See Docket Nos. MC2010-11 and CP2010-11, Request of the United States Postal Service...

  1. Addressing Climate Change and the Role of Technological Solutions

    Directory of Open Access Journals (Sweden)

    Stephen Axon

    2010-05-01

    Full Text Available As far as sustainability is concerned, the role of technology has always been contested. With regard to environmental degradation, technology is either perceived to be part of the problem or part of the solution. To combat the complex issues of the present time, technological solutions are expected to play a key role towards mitigating and adapting to the negative impacts of climate change. The paper also discusses the role of the 2009 Copenhagen Conference towards addressing climate change. Although the Copenhagen Accord is not a legally binding agreement, it is seen as a necessary first step towards a protocol that will effectively address the issue of climate change.

  2. Dynamic Pricing

    DEFF Research Database (Denmark)

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

    2017-01-01

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

  3. Decomposing productivity growth allowing efficiency gains and price-induced technical progress

    NARCIS (Netherlands)

    Oude Lansink, A.G.J.M.; Silva, E.; Stefanou, S.

    2000-01-01

    Time- and firm-specific output technical efficiency measures are generated within a price-induced technological change framework. The firm-specific production frontier incorporates past prices as an argument encouraging innovation and a time trend to account for exogenous technical change. The

  4. Technology & environment : some possible damaging effects of technological change in advanced and opulent societies

    NARCIS (Netherlands)

    Coccia, M.

    2014-01-01

    An interesting problem is the analysis of effects of the predominant impact of technological change on the health of societies. This study considers technological change as the human activity that generates a huge impact on societies and causes environmental disorders affecting the health of

  5. Information technology as tool for change.

    Science.gov (United States)

    Itkonen, P

    1999-12-01

    It looks that networking welfare thinking and implementations of network projects only follow the development of data transfer possibilities. It is a danger that seamless chain of care in health care is just a data transferring generator based on easy connections, only creating needs for new data transferring. This is an 'illusion of core skills' that does not extend to the development of the contents of services. Easy access to the system makes more contacts and need for more also clinical services. New needs for data transfer burden the personnel with unnecessary information and networking functional model does not emancipate them to use their substantial skills. It means more costs and it is also a danger that normal life will be medicated. Public sector cannot finance all these new possibilities and consequences of modern technology. Does all this create a new combination of public and private sector and push them to allocate responsibilities in developing work? If the public and private sectors do not find the balance in controlling this development, also actors outside health care get to influence the choices and health care loses its autonomy. It becomes a business means for companies producing data transfer and network services. From the prioritization point of view this is not a good vision for financing and delivery of health care services either in public or private sector.

  6. Institutional investors' involuntary trading behaviors,commonality in liquidity change and stock price fragility

    Institute of Scientific and Technical Information of China (English)

    Guojin Chen; Aihuan Xu; Xiangqin Zhao

    2013-01-01

    Purpose-The aim of this paper is to empirically analyze the source of commonality in liquidity change in China's stock market.Design/methodology/approach-This paper used two-step test method in Coughenour and Saad and empirically tested the relationship between institutional investors' involuntary trading behaviors and commonality in liquidity change in China's stock market.Findings-The results showed that to take the open-end fund as a representative of institutional investors,their involuntary trading behaviors were an important source of commonality in liquidity change in China's stock market.Originality/value-For a long time,the domestic researchers have ignored the study about the source of commonality in liquidity change in China's stock market.But,this study's conclusion expanded the explanation about the source of commonality in liquidity change in China's stock market from a new point of view that the demand-side explanation.Because there is no market-maker trading behaviors in China's stock market,the paper cannot explain the source of commonality in liquidity change in China's stock market from the point of view of the supply-side explanation.

  7. Assessing the value of price caps and floors

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-01

    This publication assesses the long-term economic and climatic effects of introducing price caps and price floors in hypothetical global climate change mitigation policy. Based on emission trends, abatement costs and equilibrium climate sensitivity from IPCC and IEA reports, this quantitative analysis confirms that price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. Furthermore,this analysis shows that rigid targets may entail greater economic risks with little or no comparative advantage for the climate. More ambitious emission objectives, combined with price caps and price floors, could still entail significantly lower expected costs while driving similar, or even slightly better, climatic outcomes in probabilistic terms.

  8. Multigenerational organisations: a challenge for technology and social change

    NARCIS (Netherlands)

    Millar-Schijf, Carla C.J.M.; Lockett, Martin

    2014-01-01

    This paper analyses demographic and organisational trends associated with an ageing workforce and introduces the articles in the special issue of Technological Forecasting and Social Change on Ageing2Agility: Multi-stakeholder Technological Forecasting for the Multi-generational Challenges in the

  9. Technology and Changing Lifestyles. Teacher's Guide. Preparing for Tomorrow's World.

    Science.gov (United States)

    Iozzi, Louis A.

    "Technology and Changing Lifestyles" is one of the "Preparing for Tomorrow's World" (PTW) program modules. PTW is an interdisciplinary, future-oriented program incorporating information from the sciences and social sciences and addressing societal concerns which interface science/technology/society. The program promotes…

  10. Price smarter on the Net.

    Science.gov (United States)

    Baker, W; Marn, M; Zawada, C

    2001-02-01

    Companies generally have set prices on the Internet in two ways. Many start-ups have offered untenably low prices in a rush to capture first-mover advantage. Many incumbents have simply charged the same prices on-line as they do off-line. Either way, companies are missing a big opportunity. The fundamental value of the Internet lies not in lowering prices or making them consistent but in optimizing them. After all, if it's easy for customers to compare prices on the Internet, it's also easy for companies to track customers' behavior and adjust prices accordingly. The Net lets companies optimize prices in three ways. First, it lets them set and announce prices with greater precision. Different prices can be tested easily, and customers' responses can be collected instantly. Companies can set the most profitable prices, and they can tap into previously hidden customer demand. Second, because it's so easy to change prices on the Internet, companies can adjust prices in response to even small fluctuations in market conditions, customer demand, or competitors' behavior. Third, companies can use the clickstream data and purchase histories that it collects through the Internet to segment customers quickly. Then it can offer segment-specific prices or promotions immediately. By taking full advantage of the unique possibilities afforded by the Internet to set prices with precision, adapt to changing circumstances quickly, and segment customers accurately, companies can get their pricing right. It's one of the ultimate drivers of e-business success.

  11. [Technology is changing: is the continuing professional development also changing?].

    Science.gov (United States)

    De Fiore, Luca

    2012-01-01

    This paper considers the impact of the new information environment on the scientific communication. Reading behavior changes: today, we browse, scan, watch, receive an impression of something. The new reading habits are not simply determined by the new tools; they are rather influenced by the need to produce and share data and information, using personalized and mobile devices. Also the content formats change: researchers, clinicians, and nurses produce texts, figures, tables, photos, videos, tweets, blog posts and they share them to readers that have to collect, appraise, recombine and - most importantly - contextualize the information. This "continuous partial production" is consistent with a "continuous partial utilization" of data; this is a risk, but it is also an opportunity. On the one side, we risk a self-referential, individualized learning process; on the other side, we can enjoy the extraordinary chance to build a "shared learning environment", able to give a comprehensive solution to the challenges experienced by the health systems. Medical journals survive as valuable media to organize data and information; the new social web tools should support the traditional publishing patterns, to enhance the sharing of information, to help the appraisal of data, and to move forward new communities of learners.

  12. Technology as a driver for changing customer-provider interfaces

    OpenAIRE

    Kowalkowski, Christian; Brehmer, Per-Olof

    2008-01-01

    The purpose of this paper is to explore how information and communication technology (ICT) is affecting and driving changes in the service processes and customer interfaces of capital goods manufacturers.   Original Publication:Christian Kowalkowski and Per-Olof Brehmer, Technology as a driver for changing customer-provider interfaces, 2008, Management research news, (31), 10, 746-757.http://dx.doi.org/10.1108/01409170810908507Copyright: Emerald Group Publishing Limitedhttp://www.emeraldi...

  13. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

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

    2014-01-01

    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...

  14. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

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

    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...

  15. Will a radical transport pricing reform jeopardize the ambitious EU climate change objectives?

    International Nuclear Information System (INIS)

    Proost, Stef; Delhaye, Eef; Nijs, Wouter; Van Regemorter, Denise

    2009-01-01

    This paper examines the effects of replacing current fuel taxes by a system of taxes that account better for all the different external costs of the different transport modes. One of the important implications of this reform is that current fuel taxes are decreased to a level of 80 euro/ton of CO 2 but that the mileage related taxes on car and truck use increase. Using the TREMOVE model for the transport sector of 31 European countries, one finds that the volume of transport will decrease because current taxes on transport are too low compared to overall external costs. Overall CO 2 emissions will decrease slightly. Using the MARKAL-TIMES model for the Belgian energy sector, putting all sectors and technologies on equal footing shows that a fuel tax reform makes that it is not cost efficient to require large CO 2 emission reductions in the transport sector and that traditional car technologies will continue to dominate the car market in 2020-2030.

  16. Comment on “Time-changed geometric fractional Brownian motion and option pricing with transaction costs” by Hui Gu et al.

    Science.gov (United States)

    Guo, Zhidong; Song, Yukun; Zhang, Yunliang

    2013-05-01

    The purpose of this comment is to point out the inappropriate assumption of “3αH>1” and two problems in the proof of “Theorem 3.1” in section 3 of the paper “Time-changed geometric fractional Brownian motion and option pricing with transaction costs” by Hui Gu et al. [H. Gu, J.R. Liang, Y. X. Zhang, Time-changed geometric fractional Brownian motion and option pricing with transaction costs, Physica A 391 (2012) 3971-3977]. Then we show the two problems will be solved under our new assumption.

  17. Effects of technological change in regional labor markets in Mexico

    Directory of Open Access Journals (Sweden)

    Reyna Elizabeth Rodríguez Pérez

    2012-07-01

    Full Text Available Technological change has meant that organizations require workers with higher qualifications, development, implementation and adaptation of technology looking to stay at the forefront in international competitiveness. The aim of this paper is to analyze the changes that have occurred in regional labor markets in Mexico on occupational and wage and identify to what extent these changes may have resulted from technological change and if this behavior is spatially homogeneous. The information source is made up of microdata from the National Survey of Urban Employment (Employment Survey 2000–2004. The empirical analysis –considering workers officiating at high and low technological intensity and applying a Mincerian income function with different classification criteria: education, sex, age groups and regions– during the period indicate that there have been significant changes in the Mexican labor market as a result of biased technological change, as it provides statistical evidence indicating the existence of a higher wage premium for subordinates in the technological area, and different effects at the regional level, encouraging more to the border.

  18. Water constraints on European power supply under climate change: impacts on electricity prices

    NARCIS (Netherlands)

    Vliet, van M.T.H.; Vögele, S.; Rübbelke, D.

    2013-01-01

    Recent warm, dry summers showed the vulnerability of the European power sector to low water availability and high river temperatures. Climate change is likely to impact electricity supply, in terms of both water availability for hydropower generation and cooling water usage for thermoelectric power

  19. Analysis Of Coppers Market And Price-Focus On The Last Decades Change And Its Future Trend

    OpenAIRE

    Eugie Kabwe; Wang Yiming

    2015-01-01

    Abstract it is important to analyse the major players within a copper supply chain as well as current market dynamics relevant international guidelines major impacts affecting the sustainability of the whole system and policy drivers affecting its price on the global market. Focusis on understanding major and provisional factors affecting copper price on themarketlong-term copper prices are determined by the fundamentals of supply and demand. Short term however are driven by financial market...

  20. Poverty and price transmission

    DEFF Research Database (Denmark)

    Elleby, Christian

    A key parameter determining the welfare impact from a world market shock is the transmission elasticity which measures the average domestic response to an international price change. Many studies have estimated price transmission elasticities for a large number of countries but the variation in t...

  1. Green taxes and uncertain timing of technological change

    International Nuclear Information System (INIS)

    Aronsson, T.

    2001-01-01

    This paper concerns the role of environmental taxation in a model with endogenous technological change, where the latter implies that natural inputs become more productive. The timing of technological change is, in turn, uncertain and the likelihood of discovering the new technology is related to the amount of resources spent on R and D. The analysis is based on a dynamic general equilibrium model. One purpose of the paper is to design a policy so as to internalize the external effects arising from pollution and R and D. Another is to develop cost benefit rules for green tax reforms, when the initial equilibrium is suboptimal

  2. 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...

  3. Gold prices

    OpenAIRE

    Joseph G. Haubrich

    1998-01-01

    The price of gold commands attention because it serves as an indicator of general price stability or inflation. But gold is also a commodity, used in jewelry and by industry, so demand and supply affect its pricing and need to be considered when gold is a factor in monetary policy decisions.

  4. Social Relations and Technology: Continuity, Context, and Change.

    Science.gov (United States)

    Antonucci, Toni C; Ajrouch, Kristine J; Manalel, Jasmine A

    2017-11-01

    Social relations, although basic to human nature, health and well-being, have become increasingly complicated as a result of changing population demography and technology. In this essay, we provide a historical overview of social relations, especially as they affect older people. We briefly review the evolution of theory and measurement surrounding social relations as well as early empirical evidence. We consider how social relations have changed over time as well as continuity and change regarding basic characteristics of social relations. Of special interest is the emerging influence of technology on how people maintain contact, especially the changing ways people can use technology to increase, decrease, maintain, or avoid social relations. We consider both negative and positive aspects of these new technologies and their influence on health and well-being. Finally, we conclude that new and emerging technologies hold great promise for the future by overcoming traditional barriers to maintaining social contact, support exchange, and information acquisition. Nevertheless, we caution that these new technologies can have the dehumanizing effect of distance thus creating the potential for insensitivity and increased negativity. In sum, we are cautiously optimistic about the promise of technology to expand, but not replace, traditional forms of social contact.

  5. Understanding the determinants of electricity prices and the impact of the German Nuclear Moratorium in 2011

    International Nuclear Information System (INIS)

    Thoenes, Stefan

    2011-01-01

    This paper shows how the effect of fuel prices varies with the level of electricity demand. It analyzes the relationship between daily prices of electricity, natural gas and carbon emission allowances with a vector error correction model and a semiparametric varying smooth coefficient model. The results indicate that the electricity price adapts to fuel price changes in a long-term cointegration relationship. Different electricity generation technologies have distinct fuel price dependencies, which allows estimating the structure of the power plant portfolio by exploiting market prices. The semiparametric model indicates a technology switch from coal to gas at roughly 85% of maximum demand. It is used to analyze the market impact of the nuclear moratorium by the German Government in March 2011. Futures prices show that the market efficiently accounts for the suspended capacity and expects that several nuclear plants will not be switched on after the moratorium.

  6. The issue: Innovation, information technology and climate change

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-01-06

    This position paper by the Information Technology Association of Canada (ITAC) outlines the information technology community's position vis-a-vis the Federal Government's 'Climate Change Plan for Canada'. In general, the ITAC is in favour of the Government's plan, however, it asserts that the Plan falls short by not acknowledging the significant contributions that present and emerging information and communications technologies can make to the achievements of Canadian climate change goals. In this regard the paper draws attention to, and explains the significance of the actual and potential contributions made to climate change efforts by teleconferencing, video-conferencing, telecommuting, electronic commerce, and smart buildings technologies. 4 refs.

  7. Change, Technology and Higher Education: Are Universities Capable of Organisational Change?

    Science.gov (United States)

    Marshall, Stephen

    2010-01-01

    Technology and change are so closely related that the use of the word innovation seems synonymous with technology in many contexts, including that of higher education. This paper contends that university culture and existing capability constrain such innovation and to a large extent determine the nature and extent of organisational change. In the…

  8. Accelerated reduction in SO₂ emissions from the U.S. power sector triggered by changing prices of natural gas.

    Science.gov (United States)

    Lu, Xi; McElroy, Michael B; Wu, Gang; Nielsen, Chris P

    2012-07-17

    Emissions of sulfur dioxide (SO(2)) from the U.S. power sector decreased by 24% in 2009 relative to 2008. The Logarithmic Mean Divisia Index (LMDI) approach was applied to isolate the factors responsible for this decrease. It is concluded that 15% of the decrease can be attributed to the drop in demand for electricity triggered by the economic recession, and 28% can be attributed to switching of fuel from coal to gas responding to the decrease in prices for the latter. The largest factor in the decrease, close to 57%, resulted from an overall decline in emissions per unit of power generated from coal. This is attributed in part to selective idling of older, less efficient coal plants that generally do not incorporate technology for sulfur removal, and in part to continued investments by the power sector in removal equipment in response to the requirements limiting emissions imposed by the U.S. Environmental Protection Agency (U.S. EPA). The paper argues further that imposition of a modest tax on emissions of carbon would have ancillary benefits in terms of emissions of SO(2).

  9. Endogenous technological change with leisure-dependent utility.

    NARCIS (Netherlands)

    Hek, de P.A.

    1999-01-01

    This paper investigates the effect of introducing leisure-dependent utility into two models of endogenous technological change. Due to the flexibility in the labour supply the dynamics of the models change significantly. It is shown that if agents attach enough value to leisure in comparison to

  10. Visions of Change: Information Technology, Education and Postmodernism.

    Science.gov (United States)

    Conlon, Tom

    2000-01-01

    Encourages visionary questions relating to information technology and education. Describes the context of postmodernist change and discusses two contrasting visions of how education could change, paternalism and libertarianism. Concludes that teachers, learners, and communities need to articulate their own visions of education to ensure a…

  11. Changing Academic Teaching with Web 2.0 Technologies

    Science.gov (United States)

    Newland, Barbara; Byles, Linda

    2014-01-01

    Academic teaching can change with the use of Web 2.0 technologies, such as blogs and wikis, as these enable a different pedagogical approach through collaborative learning and the social construction of knowledge. Student expectations of their university learning experience have changed as they expect e-learning to be part of the learning…

  12. Managing Technological Change in Libraries and Information Services.

    Science.gov (United States)

    Klobas, Jane E.

    1990-01-01

    Examines factors to be considered in the management of technological change in libraries and information services. The organizational climate for change is discussed, and factors to consider when developing a strategy for introducing a new product, service, or system are described, including leadership, goals, political processes, marketing, and…

  13. Technological transfers and cooperation in the field of climatic change

    International Nuclear Information System (INIS)

    Riedacker, A.

    2002-01-01

    Fighting against climatic changes and adapting to them is a necessary condition to achieve sustainable development. The ultimate goal of the Framework Convention on Climate Change signed in Rio in 1992, and specified in article 2, is to stabilize the concentrations of greenhouse gases at a level that does not threaten climatic systems and allows ecosystems to adapt to climatic change, ensures that food production is not in danger and that sustainable development be achieved. A radical paradigm change is required, and in particular the adoption of new technologies. First, the new technologies must assist in limiting the emissions of greenhouse gases, both in industrialized and developing countries, and to adapt to the climatic changes. The author is of the opinion that technology transfers represent a means to address the issue of climatic change. The concentration of carbon dioxide in the atmosphere continues to increase since the advent of the industrial revolution. It seems dubious that we will be able to stabilize the climate to its actual level, therefore we must learn to adapt while continuing to reduce the emissions of greenhouse gases. The author then examines the technological cooperation since the adoption of the Marrakech Accords in 2001. The next section deals with technological cooperation between francophone cities of the north and francophone cities of the south. The author concludes by placing the emphasis on the importance of regular meetings and the implementation of specialized networks, such as the network on the technology of arid regions, in an effort to assist the technological cooperation north-south and south-south in the fight against climatic change. 2 figs

  14. What happens to drinking when alcohol policy changes? A review of five natural experiments for alcohol taxes, prices, and availability.

    Science.gov (United States)

    Nelson, Jon P; McNall, Amy D

    2017-05-01

    Natural experiments are an important alternative to observational and econometric studies. This paper provides a review of results from empirical studies of alcohol policy interventions in five countries: Denmark, Finland, Hong Kong, Sweden, and Switzerland. Major policy changes were removal of quotas on travelers' tax-free imports and reductions in alcohol taxes. A total of 29 primary articles are reviewed, which contain 35 sets of results for alcohol consumption by various subpopulations and time periods. For each country, the review summarizes and examines: (1) history of tax/quota policy interventions and price changes; (2) graphical trends for alcohol consumption and liver disease mortality; and (3) empirical results for policy effects on alcohol consumption and drinking patterns. We also compare cross-country results for three select outcomes-binge drinking, alcohol consumption by youth and young adults, and heavy consumption by older adults. Overall, we find a lack of consistent results for consumption both within- and across-countries, with a general finding that alcohol tax interventions had selective, rather than broad, impacts on subpopulations and drinking patterns. Policy implications of these findings are discussed.

  15. Technology Change And Working Conditions – A Cultural Perspective

    DEFF Research Database (Denmark)

    Sørensen, Ole Henning

    2004-01-01

    When technology change improves working conditions, the success is often attributed to skilful change agents. When it is not, the blame is on “resistance to change” and “resilient cultures”. How can these failures be understood differently? A cultural perspective on technology change might be a way...... to facilitate technology change processes that lead to improved working conditions. The research based project described here has developed a special homepage that explains how this might be achieved. The homepage is targeted at working life professionals. The homepage presents theoretical explanations...... of the concept of organizational culture, a model for analysis and several practical case stories. This paper explains how the project tries to reach a broad spectrum of professionals in order to facilitate their use of a cultural perspective. It also discusses the ethical consequences of the cultural...

  16. Endogenous technological and demographic change under increasing water scarcity

    Science.gov (United States)

    Pande, Saket; Ertsen, Maurits; Sivapalan, Murugesu

    2014-05-01

    The ancient civilization in the Indus Valley civilization dispersed under extreme dry conditions; there are indications that the same holds for many other ancient societies. Even contemporary societies, such as the one in Murrumbidgee river basin in Australia, have started to witness a decline in overall population under increasing water scarcity. Hydroclimatic change may not be the sole predictor of the fate of contemporary societies in water scarce regions and many critics of such (perceived) hydroclimatic determinism have suggested that technological change may ameliorate the effects of increasing water scarcity and as such counter the effects of hydroclimatic changes. To study the role of technological change on the dynamics of coupled human-water systems, we develop a simple overlapping-generations model of endogenous technological and demographic change. We model technological change as an endogenous process that depends on factors such as the investments that are (endogenously) made in a society, the (endogenous) diversification of a society into skilled and unskilled workers, a society's patience in terms of its present consumption vs. future consumption, production technology and the (endogenous) interaction of all of these factors. In the model the population growth rate is programmed to decline once consumption per capita crosses a "survival" threshold. This means we do not treat technology as an exogenous random sequence of events, but instead assume that it results (endogenously) from societal actions. The model demonstrates that technological change may indeed ameliorate the effects of increasing water scarcity but typically it does so only to a certain extent. It is possible that technological change may allow a society to escape the effect of increasing water scarcity, leading to a (super)-exponential rise in technology and population. However, such cases require the rate of success of investment in technological advancement to be high. In other

  17. Endogenous technological and population change under increasing water scarcity

    Science.gov (United States)

    Pande, S.; Ertsen, M.; Sivapalan, M.

    2013-11-01

    The ancient civilization in the Indus Valley civilization dispersed under extreme dry conditions; there are indications that the same holds for many other ancient societies. Even contemporary societies, such as the one in Murrumbidgee river basin in Australia, have started to witness a decline in overall population under increasing water scarcity. Hydroclimatic change may not be the sole predictor of the fate of contemporary societies in water scarce regions and many critics of such (perceived) hydroclimatic determinism have suggested that technological change may ameliorate the effects of increasing water scarcity and as such counter the effects of hydroclimatic changes. To study the role of technological change on the dynamics of coupled human-water systems, we develop a simple overlapping-generations model of endogenous technological and demographic change. We model technological change as an endogenous process that depends on factors such as the investments that are (endogenously) made in a society, the (endogenous) diversification of a society into skilled and unskilled workers, a society's patience in terms of its present consumption vs. future consumption, production technology and the (endogenous) interaction of all of these factors. In the model the population growth rate is programmed to decline once consumption per capita crosses a "survival" threshold. This means we do not treat technology as an exogenous random sequence of events, but instead assume that it results (endogenously) from societal actions. The model demonstrates that technological change may indeed ameliorate the effects of increasing water scarcity but typically it does so only to a certain extent. It is possible that technological change may allow a society to escape the effect of increasing water scarcity, leading to a (super)-exponential rise in technology and population. However, such cases require the rate of success of investment in technological advancement to be high. In other

  18. Spatial dimension changes in second hand housing prices in Alcalá de Henares and León (Spain

    Directory of Open Access Journals (Sweden)

    María J. González González

    2014-06-01

    Full Text Available The objective of this study is to show different recent trends (2001-2009 in second-hand housing prices in Spain and in different neighbourhoods in Alcala de Henares and León, both of which are cities with very diverse economic and demographic characteristics. The first is a city in the metropolitan area of Madrid, with high land prices. The increasing demand for housing in Alcala de Henares is a good alternative for households, in view of high prices in Madrid. The second is Léon, the capital of the province of León, which is undergoing a depopulation process. We will demonstrate that house price dynamics is a local phenomenon and national or regional level data conceal interesting differences within cities (districts and neighbourhoods. The latest rise and decline in housing prices is clearly visible on the outskirts and sometimes non-existent in the town centre area.

  19. Oil production responses to price changes. An empirical application of the competitive model to OPEC and non-OPEC countries

    International Nuclear Information System (INIS)

    Ramcharran, Harri

    2002-01-01

    Falling oil prices over the last decade, accompanied by over-production by some OPEC members and the growth of non-OPEC supply, warrant further empirical investigation of the competitive model to ascertain production behavior. A supply function, based on a modification of Griffin's model, is estimated using data from 1973-1997. The sample period, unlike Griffin's, however, includes phases of price increase (1970s) and price decrease (1980s-1990s), thus providing a better framework for examining production behavior using the competitive model. The OPEC results do not support the competitive hypothesis; instead, a negative and significant price elasticity of supply is obtained. This result offers partial support for the target revenue theory. For most of the non-OPEC members, the estimates support the competitive model. OPEC's loss of market share and the drop in the share of oil-based energy should signal adjustments in price and quantity based on a competitive world market for crude oil

  20. Elasticity of Vehicle Miles of Travel to Changes in the Price of Gasoline and the Cost of Driving in Texas

    Energy Technology Data Exchange (ETDEWEB)

    Wenzel, Tom P.; Fujita, K. Sydny

    2018-03-28

    This report examines the sensitivity of annual vehicle miles of travel (VMT) of light-duty vehicles to the price of gasoline, commonly referred to as the elasticity of demand for VMT to the price of gasoline; the fuel-economy-related rebound effect is generally assumed to be of the same magnitude as the VMT elasticity of gas price or driving cost. We use detailed odometer readings from over 30 million vehicles in four urban areas of Texas, over a six-year period. We account for economic conditions over this period, as well as vehicle age. Following the literature we include fixed effects by vehicle make and individual vehicle, as well as the effect of adding an instrument to predict monthly gasoline price independent of any influences of demand for gasoline on its price.

  1. An Econometric Analysis of Electricity Demand Response to Price Changes at the Intra-Day Horizon: The Case of Manufacturing Industry in West Denmark

    DEFF Research Database (Denmark)

    Møller, Niels Framroze; Møller Andersen, Frits

    2015-01-01

    The use of renewable energy implies a more variable supply of power. Market effciency may improve if demand can absorb some of this variability by being more flexible, e.g. by responding quickly to changes in the market price of power. To learn about this, in particular, whether demand responds a...

  2. The Impact of Experience and Technology Change on Task-Technology Fit of a Collaborative Technology

    Science.gov (United States)

    Iversen, Jakob H.; Eierman, Michael A.

    2018-01-01

    This study continues a long running effort to examine collaborative writing and editing tools and the factors that impact Task-Technology Fit and Technology Acceptance. Previous studies found that MS Word/email performed better than technologies such as Twiki, Google Docs, and Office Live. The current study seeks to examine specifically the impact…

  3. Long-term memory and volatility clustering in high-frequency price changes

    Science.gov (United States)

    oh, Gabjin; Kim, Seunghwan; Eom, Cheoljun

    2008-02-01

    We studied the long-term memory in diverse stock market indices and foreign exchange rates using Detrended Fluctuation Analysis (DFA). For all high-frequency market data studied, no significant long-term memory property was detected in the return series, while a strong long-term memory property was found in the volatility time series. The possible causes of the long-term memory property were investigated using the return data filtered by the AR(1) model, reflecting the short-term memory property, the GARCH(1,1) model, reflecting the volatility clustering property, and the FIGARCH model, reflecting the long-term memory property of the volatility time series. The memory effect in the AR(1) filtered return and volatility time series remained unchanged, while the long-term memory property diminished significantly in the volatility series of the GARCH(1,1) filtered data. Notably, there is no long-term memory property, when we eliminate the long-term memory property of volatility by the FIGARCH model. For all data used, although the Hurst exponents of the volatility time series changed considerably over time, those of the time series with the volatility clustering effect removed diminish significantly. Our results imply that the long-term memory property of the volatility time series can be attributed to the volatility clustering observed in the financial time series.

  4. Effects of technological learning and uranium price on nuclear cost: Preliminary insights from a multiple factors learning curve and uranium market modeling

    International Nuclear Information System (INIS)

    Kahouli, Sondes

    2011-01-01

    This paper studies the effects of returns to scale, technological learning, i.e. learning-by-doing and learning-by-searching, and uranium price on the prospects of nuclear cost decrease. We use an extended learning curve specification, named multiple factors learning curve (MFLC). In a first stage, we estimate a single MFLC. In a second stage, we estimate the MFLC under the framework of simultaneous system of equations which takes into account the uranium supply and demand. This permits not only to enhance the reliability of the estimation by incorporating the uranium price formation mechanisms in the MFLC via the price variable, but also to give preliminary insights about uranium supply and demand behaviors and the associated effects on the nuclear expansion. Results point out that the nuclear cost has important prospects for decrease via capacity expansion, i.e. learning-by-doing effects. In contrast, they show that the learning-by-searching as well as the scale effects have a limited effect on the cost decrease prospects. Conversely, results also show that uranium price exerts a positive and significant effect on nuclear cost, implying that when the uranium price increases, the nuclear power generation cost decreases. Since uranium is characterized by important physical availability, and since it represents only a minor part in the total nuclear cost, we consider that in a context of increasing demand for nuclear energy the latter result can be explained by the fact that the positive learning effects on the cost of nuclear act in a way to dissipate the negative ones that an increase in uranium price may exert. Further, results give evidence of important inertia in the supply and demand sides as well as evidence of slow correlation between the uranium market and oil market which may limit the inter-fuels substituability effects, that is, nuclear capacity expansion and associated learning-by-doing benefits. - Highlights: → We study the prospects of nuclear cost

  5. International energy technology collaboration and climate change mitigation. Case study 1. Concentrating Solar Power Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Philibert, C. [Energy and Environment Division, International Energy Agency IEA, Paris (France)

    2004-07-01

    Mitigating climate change and achieving stabilisation of greenhouse gas atmospheric concentrations will require deep reductions in global emissions of energy-related carbon dioxide emissions. Developing and disseminating new, low-carbon energy technology will thus be needed. Two previous AIXG papers have focused on possible drivers for such a profound technological change: Technology Innovation, Development and Diffusion, released in June 2003, and International Energy Technology Collaboration and Climate Change Mitigation, released in June 2004. The first of these papers assesses a broad range of technical options for reducing energy-related CO2 emissions. It examines how technologies evolve and the role of research and development efforts, alternative policies, and short-term investment decisions in making long-term options available. It considers various policy tools that may induce technological change, some very specific, and others with broader expected effects. Its overall conclusion is that policies specifically designed to promote technical change, or 'technology push', could play a critical role in making available and affordable new energy technologies. However, such policies would not be sufficient to achieve the Convention's objective in the absence of broader policies. First, because there is a large potential for cuts that could be achieved in the short run with existing technologies; and second, the development of new technologies requires a market pull as much as a technology push. The second paper considers the potential advantages and disadvantages of international energy technology collaboration and transfer for promoting technological change. Advantages of collaboration may consist of lowering R and D costs and stimulating other countries to invest in R and D; disadvantage may include free-riding and the inefficiency of reaching agreement between many actors. This paper sets the context for further discussion on the role of

  6. Asymmetric Price Effects of Competition

    NARCIS (Netherlands)

    Lach, S.; Moraga Gonzalez, J.L.

    2017-01-01

    When price dispersion is prevalent, a relevant question is what happens to the whole distribution of equilibrium prices when the number of firms changes. Using data from the gasoline market in the Netherlands, we find, first, that markets with N competitors have price distributions that first-order

  7. Asymmetric price effects of competition

    NARCIS (Netherlands)

    Lach, S.; Moraga González, José

    2017-01-01

    When price dispersion is prevalent, a relevant question is what happens to the whole distribution of equilibrium prices when the number of firms changes. Using data from the gasoline market in the Netherlands, we find, first, that markets with N competitors have price distributions that first‐order

  8. Priceless prices and marine food webs: Long-term patterns of change and fishing impacts in the South Brazil Bight as reflected by the seafood market

    Science.gov (United States)

    Pincinato, R. B. M.; Gasalla, M. A.

    2010-10-01

    The lack of market variables in fishery systems (i.e., prices and quantities) has often been cited as one reason for the particular difficulty of understanding whole marine ecosystem change and its management under a broader ecosystem perspective. This paper shows the results of efforts to tackle this problem in the South Brazil Bight by compiling and analyzing in-depth an unprecedented 40-year database from the region’s largest wholesale seafood market, based in the megacity of São Paulo. Fishery landings and market values for the period 1968-2007 were analyzed primarily by updated trophic level classes and multispecies indicators including the (1) marine trophic index (MTI), (2) weighted price, and (3) log relative price index (LRPI) which relates prices and trophic levels. Moreover, an inferential analysis of major seafood category statistical trends in market prices and quantities and their positive and negative correlations was undertaken. In general, these market trends contributed substantially to identifying and clarifying the changes that occurred. Considerations of the behavior of demand, supply and markets are included. In particular, while the MTI did not support a “fishing down the marine food web” hypothesis, other indicators did show the continued scarcity of major high trophic level categories and fisheries target species. Overall, the results indicate that the analysis of fishery landings, or of certain other indicators alone, can mask real changes. Rather, a joint ecological-econometric analysis provides better evidence of the direction of ecosystem pressures and stock health. This method for detecting market changes across the food web may be particularly helpful for systems considered data-poor but where fish market data have been archived. This study further elucidates historical changes and fishing impacts in the South Brazil Bight ecosystem.

  9. Estimating energy-augmenting technological change in developing country industries

    International Nuclear Information System (INIS)

    Sanstad, Alan H.; Roy, Joyashree; Sathaye, Jayant A.

    2006-01-01

    Assumptions regarding the magnitude and direction of energy-related technological change have long been recognized as critical determinants of the outputs and policy conclusions derived from integrated assessment models. Particularly in the case of developing countries, however, empirical analysis of technological change has lagged behind simulation modeling. This paper presents estimates of sectoral productivity trends and energy-augmenting technological change for several energy-intensive industries in India and South Korea, and, for comparison, the United States. The key findings are substantial heterogeneity among both industries and countries, and a number of cases of declining energy efficiency. The results are subject to certain technical qualifications both in regards to the methodology and to the direct comparison to integrated assessment parameterizations. Nevertheless, they highlight the importance of closer attention to the empirical basis for common modeling assumptions

  10. Estimating energy-augmenting technological change in developingcountry industries

    Energy Technology Data Exchange (ETDEWEB)

    Sanstad, Alan H.; Roy, Joyashree; Sathaye, Jayant A.

    2006-07-07

    Assumptions regarding the magnitude and direction ofenergy-related technological change have long beenrecognized as criticaldeterminants of the outputs and policy conclusions derived fromintegrated assessment models. Particularly in the case of developingcountries, however, empirical analysis of technological change has laggedbehind simulation modeling. This paper presents estimates of sectoralproductivity trends and energy-augmenting technological change forseveral energy-intensive industries in India and South Korea, and, forcomparison, the United States. The key findings are substantialheterogeneity among both industries and countries, and a number of casesof declining energy efficiency. The results are subject to certaintechnical qualifications both in regards to the methodology and to thedirect comparison to integrated assessment parameterizations.Nevertheless, they highlight the importance of closer attention to theempirical basis for common modeling assumptions.

  11. Transition in the waiting-time distribution of price-change events in a global socioeconomic system

    Science.gov (United States)

    Zhao, Guannan; McDonald, Mark; Fenn, Dan; Williams, Stacy; Johnson, Nicholas; Johnson, Neil F.

    2013-12-01

    The goal of developing a firmer theoretical understanding of inhomogeneous temporal processes-in particular, the waiting times in some collective dynamical system-is attracting significant interest among physicists. Quantifying the deviations between the waiting-time distribution and the distribution generated by a random process may help unravel the feedback mechanisms that drive the underlying dynamics. We analyze the waiting-time distributions of high-frequency foreign exchange data for the best executable bid-ask prices across all major currencies. We find that the lognormal distribution yields a good overall fit for the waiting-time distribution between currency rate changes if both short and long waiting times are included. If we restrict our study to long waiting times, each currency pair’s distribution is consistent with a power-law tail with exponent near to 3.5. However, for short waiting times, the overall distribution resembles one generated by an archetypal complex systems model in which boundedly rational agents compete for limited resources. Our findings suggest that a gradual transition arises in trading behavior between a fast regime in which traders act in a boundedly rational way and a slower one in which traders’ decisions are driven by generic feedback mechanisms across multiple timescales and hence produce similar power-law tails irrespective of currency type.

  12. Dynamics of energy systems: Methods of analysing technology change

    Energy Technology Data Exchange (ETDEWEB)

    Neij, Lena

    1999-05-01

    Technology change will have a central role in achieving a sustainable energy system. This calls for methods of analysing the dynamics of energy systems in view of technology change and policy instruments for effecting and accelerating technology change. In this thesis, such methods have been developed, applied, and assessed. Two types of methods have been considered, methods of analysing and projecting the dynamics of future technology change and methods of evaluating policy instruments effecting technology change, i.e. market transformation programmes. Two methods are focused on analysing the dynamics of future technology change; vintage models and experience curves. Vintage models, which allow for complex analysis of annual streams of energy and technological investments, are applied to the analysis of the time dynamics of electricity demand for lighting and air-distribution in Sweden. The results of the analyses show that the Swedish electricity demand for these purposes could decrease over time, relative to a reference scenario, if policy instruments are used. Experience curves are used to provide insight into the prospects of diffusion of wind turbines and photo voltaic (PV) modules due to cost reduction. The results show potential for considerable cost reduction for wind-generated electricity, which, in turn, could lead to major diffusion of wind turbines. The results also show that major diffusion of PV modules, and a reduction of PV generated electricity down to the level of conventional base-load electricity, will depend on large investments in bringing the costs down (through R D and D, market incentives and investments in niche markets) or the introduction of new generations of PV modules (e.g. high-efficiency mass-produced thin-film cells). Moreover, a model has been developed for the evaluation of market transformation programmes, i.e. policy instruments that effect technology change and the introduction and commercialisation of energy

  13. Technologies for climate change adaptation. The water sector

    Energy Technology Data Exchange (ETDEWEB)

    Lopez, T De [ed.; UNEP Risoe Centre, Roskilde (Denmark); Elliott, M; Armstrong, A; Lobuglio, J; Bartram, J [The Water Institute at the Univ. of North Carolina at Chapel Hill, Chapel Hill, NC (United States)

    2011-04-15

    This guidebook aims to provide expert information on the technologies most relevant for climate change adaptation in the water sector in developing countries. It is meant to be a practical tool for use by a broad range of stakeholders, including those in governmental agencies, water utilities, community water boards, non-governmental organizations, and private sector companies. Adaptation is an essential element of human response to climate change. The adverse impacts of climate change on the water sector will be experienced worldwide and are often projected to be most severe in resource-poor countries. Therefore, it is necessary to have access to a diverse array of adaptation technologies and practices that are appropriate and affordable in various contexts. The scale of these adaptation technologies/practices should range from the individual household level (e.g. household water treatment), to the community scale (e.g. rainwater collection in small reservoirs), to large facilities that can benefit a city or region (e.g. a desalination plant). The guidebook first reviews the projected impacts of climate change on the water sector. It then addresses the role of adaptation in the water sector and six typologies under which available strategies are categorized. Eleven technologies and practices are given detailed treatment in this guidebook and four others are covered briefly. While these do not constitute all of the adaptation technologies available in the water sector, they do represent many of the most important adaptation technologies for developing countries. For each of the 11 adaptation technologies and practices, the following are addressed: basic description, contribution to climate change and development, institutional and capacity building requirements, costs, barriers and opportunities for implementation, and extensive reference to external resources and case studies. The practical steps and appropriate contexts for implementation are covered in the

  14. Change, technology and higher education: are universities capable of organisational change?

    Directory of Open Access Journals (Sweden)

    Stephen Marshall

    2010-12-01

    Full Text Available Technology and change are so closely related that the use of the word innovation seems synonymous with technology in many contexts, including that of higher education. This paper contends that university culture and existing capability constrain such innovation and to a large extent determine the nature and extent of organisational change. In the absence of strong leadership, technologies are simply used as vehicles to enable changes that are already intended or which reinforce the current identity. These contentions are supported by evidence from e-learning benchmarking activities carried out over the past five years in universities in the United States, the United Kingdom, Australia and New Zealand.

  15. Oil Prices and the Renewable Energy Sector

    OpenAIRE

    Kyritsis, Evangelos; Serletis, Apostolos

    2017-01-01

    Energy security, climate change, and growing energy demand issues are moving up on the global political agenda, and contribute to the rapid growth of the renewable energy sector. In this paper we investigate the effects of oil price shocks, and also of uncertainty about oil prices, on the stock returns of clean energy and technology companies. In doing so, we use monthly data that span the period from May 1983 to December 2016, and a bivariate structural VAR model that is modified to accommod...

  16. Food Prices Transmission In Rwanda: Econometric Analysis

    African Journals Online (AJOL)

    ahavugimana

    (2010) found that if markets are efficient and policies are not an obstacle to their operation, changes in the world price of any given commodity should be similarly reflected in changes in domestic prices – phenomenon known as 'price transmission'. In many poor countries, the recent increases in prices of staple foods have ...

  17. Technologies for climate change adaptation. Coastal erosion and flooding

    Energy Technology Data Exchange (ETDEWEB)

    Zhu, X. (ed.) (UNEP Risoe Centre, Roskilde (Denmark)); Linham, M.M.; Nicholls, R.J. (Univ. of Southampton (United Kingdom))

    2010-11-15

    This guidebook is intended to be a practical tool for use by coastal zone managers in developing countries. The aim is to provide best practice guidance and assist these managers in assessing their evolving adaptation needs and help them to prepare action plans for adapting to climate change in the coastal zone. The guidebook first reviews the main physical and societal impacts of climate change in the coastal zone. It then considers the process of adaptation to erosion and flooding/inundation hazards where major impacts may occur and a range of adaptation technologies are best developed. Thirteen of these adaptation technologies are presented in this guide, representing examples of the protect, accommodate or (planned) retreat approaches to adaptation. While this does not represent an exhaustive list of the adaptation technologies that are available, these technologies are among those most widely used/considered in the coastal zone today. All the technologies considered are relevant to climate change adaptation and collectively, more widespread application is expected in the future under climate change and rising sea levels. For each adaptation technology the following issues are addressed: (1) definition and description; (2) technical advantages and disadvantages; (3) institutional and organisational requirements; (4) potential costs and opportunities; and (5) barriers to implementation; followed by a case study example. We have endeavoured to include developing country examples wherever possible, but as there is less activity and less documentation of developing world projects and some technologies are barely used in the developing world, this is not always possible. Knowledge and capacity building requirements and monitoring technologies are considered and contrasted across all 13 adaptation technologies. Finally, more detailed sources are indicated. Each adaptation technology has widely varying advantages and disadvantages. As such, selection of measures

  18. Technological change and the timing of mitigation measures

    International Nuclear Information System (INIS)

    Gruebler, A.; Messner, S.

    1998-01-01

    We use a coupled carbon-cycle and energy systems engineering model to analyze the future time path of carbon emissions under an illustrative CO 2 concentration stabilization limit of 550 ppm. Our findings confirm the emission pattern as found by WRE: global emissions rise initially, pass through stabilization, in order to decline in the second half of the 21st century. We show that for a given CO 2 concentration target, emission trajectories within an intertemporal optimization framework depend mainly on two factors: the discount rate, and the representation of technological change as either static or dynamic. We obtain a similar near-term emission time path as WRE when using a model with static technology and a discount rate of 7%. We obtain a trajectory with lower emissions in the near-term when using a lower discount rate and/or treating technology dynamics endogenously in the model. We briefly outline a model that endogenizes technological change through learning curves. We then compare differences in emission trajectories between alternative model formulations of technological change. They are sufficiently small as to be of secondary importance when compared to treating CO 2 concentration stabilization as an inter-temporal optimization problem or not. Whereas our results confirm the computational results of WRE, we arrive nonetheless at different policy conclusions. If long-term emission reduction is the goal, we cannot follow 'business as usual' even in the short-term. Action needs to start now. Action does not necessarily mean aggressive short-term emission reductions but rather enhanced R and D and technology demonstration efforts that stimulate technological learning. These are the necessary preconditions that long-term reduction targets can be met with improved technology and at costs lower than today. We close by pointing out two further critical issues: uncertainty, and the possible mismatch between the world of economic models and that of climate

  19. 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...... the determination of transfer price will affect the size of the profit or loss in the organizational units and thus have an impact on the evaluation of managers‟ performance. In some instances the determination of transfer prices may lead to a disagreement between coordination of the organizational units...

  20. Do changing prices portend a shift in fuel consumption, diminished greenhouse gas emissions, and lower fuel tax revenue?

    Science.gov (United States)

    2015-01-01

    The growing uncertainty about oil prices and availability has made long-range transportation planning : more challenging. Rather than relying on trend extrapolation, this study uses market mechanisms to : evaluate key long-range transportation planni...

  1. Linking electricity prices and costs in bottom-up top-down coupling under changing market environments

    OpenAIRE

    Maire, Sophie

    2016-01-01

    Electricity market liberalization is altering pricing mechanisms in wholesale electricity markets, which will affect the effectiveness of climate and energy policies. Models used to simulate such policies must be responsive to pricing rules. We show how this can be done and simulate a tightening of climate and energy policies. We use a soft-coupled framework composed of a top-down dynamic computable general equilibrium model and a bottom-up dynamic electricity supply model. The first simulate...

  2. DETERMINANTS OF AGRO–FOOD PRICE CHANGES IN SLOVENIA DEJAVNIKI SPREMINJANJA AGROŽIVILSKIH CEN V SLOVENIJI

    Directory of Open Access Journals (Sweden)

    Sergej GRIČAR

    2012-03-01

    Full Text Available This paper investigates the impacts of the current economic developments, the Euro adoption, and input prices on the consumer food prices. The focus of the analysis is on the consumer food price developments during the Slovenian adjustments towards the European Union membership, the Euro adoption by the followed increased in consumer prices, and the current economic and financial conditions. The empirical analysis on the determinants of the consumer food prices is based on the monthly statistical data, which were obtained from the Statistical Office of Republic of Slovenia. We use three statistical methods of the analyses on the time-series data: principal component analysis, regression analysis, and linear trend analysis. We found that the Euro adoption had only short-term impact on the consumer food prices. The rise in the consumer food prices has been determined by the intermediary costs and the agricultural producers` prices. Prispevek analizira vpliv ekonomsko-finančnih gibanj, uvedbe evra in cene inputov na cene hrane in brezalkoholnih pijač (agroživilske cene. Članek se osredotoča na agroživilske cene v času slovenskega pristopa k Evropski uniji, sprejetjem evra, povečanih cen življenjskih potrebščin in trenutne gospodarske in finančne krize. Empirična analiza dejavnikov agroživilskih cen temelji na mesečnih statističnih podatkih, ki so bili pridobljeni iz Statističnega urada Republike Slovenije. Uporabljene so tri statistične metode analize časovnih serij podatkov: metoda glavnih komponent, regresijska analiza in analiza linearnega trenda. Ugotovili smo, da se agroživilske cene na srednji rok niso povečale z uvedbo evra. Agroživilske cene pa imajo statistično značilno povezanost s stroški in s cenami pridelkov pri pridelovalcih.

  3. Pricing Mining Concessions Based on Combined Multinomial Pricing Model

    Directory of Open Access Journals (Sweden)

    Chang Xiao

    2017-01-01

    Full Text Available A combined multinomial pricing model is proposed for pricing mining concession in which the annualized volatility of the price of mineral products follows a multinomial distribution. First, a combined multinomial pricing model is proposed which consists of binomial pricing models calculated according to different volatility values. Second, a method is provided to calculate the annualized volatility and the distribution. Third, the value of convenience yields is calculated based on the relationship between the futures price and the spot price. The notion of convenience yields is used to adjust our model as well. Based on an empirical study of a Chinese copper mine concession, we verify that our model is easy to use and better than the model with constant volatility when considering the changing annualized volatility of the price of the mineral product.

  4. Reciprocity, World Prices and Welfare

    DEFF Research Database (Denmark)

    Raimondos-Møller, Pascalis; Woodland, Alan D.

    We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices in a world of many goods and countries. While it is possi...... of all countries, independently of whether world prices change and independently of the relative numbers of goods and countries.......We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices in a world of many goods and countries. While...... it is possible to find tariff reforms that are consistent with both reciprocity and constant world prices, these reforms do not follow from the reciprocity condition, but rather from the requirement of unchanged world prices. We propose an alternative reciprocity rule that is guaranteed to raise the welfare...

  5. Vehicle type choice under the influence of a tax reform and rising fuel prices

    DEFF Research Database (Denmark)

    Mabit, Stefan Lindhard

    2014-01-01

    change in new vehicle purchases toward more diesel vehicles and more fuel-efficient vehicles. The paper analyses to what extent a vehicle tax reform similar to the Danish 2007 reform may explain changes in purchasing behaviour. The paper investigates the effects of a tax reform, fuel price changes......, and technological development on vehicle type choice using a mixed logit model. The model allows a simulation of the effect of car price changes that resemble those induced by the tax reform. This effect is compared to the effects of fuel price changes and technology improvements. The simulations show...... that the effect of the tax reform on fuel efficiency is similar to the effect of rising fuel prices while the effect of technological development is much larger. The conclusion is that while the tax reform appeared in the same year as a large increase in fuel efficiency, it seems likely that it only explains...

  6. Teachers Pedagogical Change Framework: A Diagnostic Tool for Changing Teachers' Uses of Emerging Technologies

    Science.gov (United States)

    Tarling, Isabel; Ng'ambi, Dick

    2016-01-01

    One of the challenges facing education systems in general and the South African education system in particular is how to understand ways that teachers change from nonusers of technologies to becoming transformative teachers with technology. Despite numerous initiatives, not limited to training, workshops and so forth, to bring about sustained and…

  7. Change in consumer sensitivity to electricity prices in response to retail deregulation: A panel empirical analysis of the residential demand for electricity in the United States

    International Nuclear Information System (INIS)

    Nakajima, Tadahiro; Hamori, Shigeyuki

    2010-01-01

    About ten years have passed since the deregulation of the U.S. retail electricity market, and it is now generally accepted that the available data is adequate to quantitatively assess and compare conditions before and after deregulation. This study, therefore, estimates the changes in price elasticity in the residential electricity market to examine the changes, if any, in household sensitivity (as a result of retail electricity market deregulation policies) to residential electricity rates. Specifically, six types of panel data are prepared, based on three cross-sections-all states (except for Alaska and Hawaii) and the District of Columbia, deregulated states, and non-deregulated states-and two time series-the period before deregulation and the period after deregulation. The panel empirical analysis techniques are used to determine whether or not the variables are stationary, and to estimate price elasticity. We find that there is no substantial difference in the price elasticity between deregulated and non-deregulated states for both periods-before deregulation and after deregulation. Thus, it can be said that the deregulation of the retail electricity market has not made consumers more sensitive to electricity rates and that retail deregulation policies are not the cause of price elasticity differences between deregulated and non-deregulated states.

  8. Change in consumer sensitivity to electricity prices in response to retail deregulation. A panel empirical analysis of the residential demand for electricity in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Nakajima, Tadahiro [The Kansai Electric Power Company, Incorporated, 6-16, Nakanoshima 3-chome, Kita-Ku, Osaka 530-8270 (Japan); Hamori, Shigeyuki [Faculty of Economics, Kobe University 2-1, Rokkodai, Nada-Ku, Kobe 657-8501 (Japan)

    2010-05-15

    About ten years have passed since the deregulation of the U.S. retail electricity market, and it is now generally accepted that the available data is adequate to quantitatively assess and compare conditions before and after deregulation. This study, therefore, estimates the changes in price elasticity in the residential electricity market to examine the changes, if any, in household sensitivity (as a result of retail electricity market deregulation policies) to residential electricity rates. Specifically, six types of panel data are prepared, based on three cross-sections - all states (except for Alaska and Hawaii) and the District of Columbia, deregulated states, and non-deregulated states - and two time series - the period before deregulation and the period after deregulation. The panel empirical analysis techniques are used to determine whether or not the variables are stationary, and to estimate price elasticity. We find that there is no substantial difference in the price elasticity between deregulated and non-deregulated states for both periods - before deregulation and after deregulation. Thus, it can be said that the deregulation of the retail electricity market has not made consumers more sensitive to electricity rates and that retail deregulation policies are not the cause of price elasticity differences between deregulated and non-deregulated states. (author)

  9. Changing Models for Researching Pedagogy with Information and Communications Technologies

    Science.gov (United States)

    Webb, M.

    2013-01-01

    This paper examines changing models of pedagogy by drawing on recent research with teachers and their students as well as theoretical developments. In relation to a participatory view of learning, the paper reviews existing pedagogical models that take little account of the use of information and communications technologies as well as those that…

  10. Changing Technology = Empowering Students through Media Literacy Education

    Science.gov (United States)

    De Abreu, Belinha

    2010-01-01

    Background: As the world is changing quickly due to the technological advances, educators are looking at ways in which to empower their students' learning with digital platforms. Media literacy education is key for how this can happen in the 21st century classroom which seeks to promote learning without censoring the learner. Considering how media…

  11. Technological Change and Employment: Some Results from BLS Research.

    Science.gov (United States)

    Mark, Jerome A.

    1987-01-01

    Data from Bureau of Labor Statistics research projects indicate that the pace of technological advancement varies significantly from industry to industry and few employees have been laid off as a result of these changes. Implications for industry concern productivity and retraining. (CH)

  12. Economic growth and technological change : an evolutionary interpretation

    NARCIS (Netherlands)

    Verspagen, B.

    2000-01-01

    The aim of this paper is to apply insights from evolutionary economic theory to the question of what can explain recent trends in economic growth, with emphasis on the role of technological change. Obviously, a basic question that precedes this question is "what is evolutionary economic theory"? The

  13. Useful models for simulating policies to induce technological change

    International Nuclear Information System (INIS)

    Rivers, Nic; Jaccard, Mark

    2006-01-01

    Conventional top-down and bottom-up energy-economy models have limitations that affect their usefulness to policy-makers. Efforts to develop hybrid models, that incorporate valuable aspects of these two frameworks, may be more useful by representing technologies in the energy-economy explicitly while also representing more realistically the way in which businesses and consumers choose between those technologies. This representation allows for the realistic simulation of a wide range of technology-specific regulations and fiscal incentives alongside economy-wide fiscal incentives and disincentives. These policies can be assessed based on the costs required to reach a goal in the medium term, as well as on the degree to which they induce technological change that affects costs over long time periods

  14. Preserving Heritage Through Technology in a City Undergoing Change

    DEFF Research Database (Denmark)

    Damgård, Mathias; Nielsen, Emil; van Heijster, Seth

    2015-01-01

    , infrastructure, and an emphasis on social and educational capital. Such growth affects the physical and social landscape of a city, and both the tangible and intangible heritage of a city is threatened by these changing landscapes. At the same time, new technology brings with it potential new methods...... for the preservation of a city’s threatened heritage. The present paper aims to place a city’s heritage in the context of a smart city, and how it is affected by such urban development. Using Aalborg in Denmark as a case study, this paper presents a potential way to use recent technological advancements to transfer......Recent developments in information and communication technology have advanced the connectivity of cities, both in terms of scope and efficiency. The connected nature of a city is one of the key characteristics of the concept of a smart city; a modern city whose urban growth is fueled by technology...

  15. Petroleum price

    International Nuclear Information System (INIS)

    Chevallier, B.

    2009-01-01

    The 'AFTP' conference on 'petroleum prices' organized by Total last March, tries to explain the different aspects of the crisis we undergo for July 2007 and its consequential effects on the petroleum markets (supply, demand evolvements, impacts on reserves, prices, refining...). (O.M.)

  16. European CO2 prices and carbon capture investments

    International Nuclear Information System (INIS)

    Abadie, Luis M.; Chamorro, Jose M.

    2008-01-01

    We assess the option to install a carbon capture and storage (CCS) unit in a coal-fired power plant operating in a carbon-constrained environment. We consider two sources of risk, namely the price of emission allowance and the price of the electricity output. First we analyse the performance of the EU market for CO 2 emission allowances. Specifically, we focus on the contracts maturing in the Kyoto Protocol's first commitment period (2008 to 2012) and calibrate the underlying parameters of the allowance price process. Then we refer to the Spanish wholesale electricity market and calibrate the parameters of the electricity price process. We use a two-dimensional binomial lattice to derive the optimal investment rule. In particular, we obtain the trigger allowance prices above which it is optimal to install the capture unit immediately. We further analyse the effect of changes in several variables on these critical prices, among them allowance price volatility and a hypothetical government subsidy. We conclude that, at current permit prices, immediate installation does not seem justified from a financial point of view. This need not be the case, though, if carbon market parameters change dramatically, carbon capture technology undergoes significant improvements, and/or a specific governmental policy to promote these units is adopted. (author)

  17. Five-year examination of utilization and drug cost outcomes associated with benefit design changes including reference pricing for proton pump inhibitors in a state employee health plan.

    Science.gov (United States)

    Johnson, Jill T; Neill, Kathryn K; Davis, Dwight A

    2011-04-01

    The Arkansas State Employee Benefits Division (EBD) is a self-insured program comprising public school and other state employees, their spouses, and dependents. Previous research published in JMCP (2006) showed drug cost savings of $2.20 per member per month (PMPM; 37.6%) or annualized savings of $3.4 million associated with a benefit design change and coverage of the proton pump inhibitor (PPI) omeprazole over-the-counter (OTC) beginning in March 2004. On May 1, 2005, brand esomeprazole was excluded from coverage, with current users grandfathered for 4 months until September 2005. Reference pricing for PPIs, including esomeprazole but excluding generic omeprazole, was implemented on September 1, 2005, and the beneficiary cost share for all PPIs except generic omeprazole was determined from comparison of the PPI actual price to the $0.90 omeprazole OTC reference price per unit. To examine PPI utilization and drug costs before and after (a) excluding esomeprazole from coverage (with grandfathering current users) and (b) implementing a therapeutic maximum allowable cost (TMAC), or reference-pricing benefit design, for the PPI class in a large state employee health plan with fairly stable enrollment of approximately 127,500 members in 2005 through 2008 and approximately 128,000 members in 2009 Q1. The pharmacy claims database for the EBD was used to examine utilization and cost data for PPIs in a longitudinal analysis for the 61-month period from March 1, 2004, through March 31, 2009. Pharmacy claims data were compared for the period 14 months prior to esomeprazole exclusion (preperiod), 4 months during the esomeprazole exclusion (postperiod 1), and the ensuing 43 months of PPI reference pricing (postperiod 2). PPI cost and utilization data for the intervention group of approximately 127,500 beneficiaries were compared with a group of 122 self-insured employers with a total of nearly 1 million beneficiaries whose pharmacy benefits did not include reference pricing for

  18. Mind your pricing cues.

    Science.gov (United States)

    Anderson, Eric; Simester, Duncan

    2003-09-01

    For most of the items they buy, consumers don't have an accurate sense of what the price should be. Ask them to guess how much a four-pack of 35-mm film costs, and you'll get a variety of wrong answers: Most people will underestimate; many will only shrug. Research shows that consumers' knowledge of the market is so far from perfect that it hardly deserves to be called knowledge at all. Yet people happily buy film and other products every day. Is this because they don't care what kind of deal they're getting? No. Remarkably, it's because they rely on retailers to tell them whether they're getting a good price. In subtle and not-so-subtle ways, retailers send signals to customers, telling them whether a given price is relatively high or low. In this article, the authors review several common pricing cues retailers use--"sale" signs, prices that end in 9, signpost items, and price-matching guarantees. They also offer some surprising facts about how--and how well--those cues work. For instance, the authors' tests with several mail-order catalogs reveal that including the word "sale" beside a price can increase demand by more than 50%. The practice of using a 9 at the end of a price to denote a bargain is so common, you'd think customers would be numb to it. Yet in a study the authors did involving a women's clothing catalog, they increased demand by a third just by changing the price of a dress from $34 to $39. Pricing cues are powerful tools for guiding customers' purchasing decisions, but they must be applied judiciously. Used inappropriately, the cues may breach customers' trust, reduce brand equity, and give rise to lawsuits.

  19. How to succeed with value-based pricing : A case study of how a Swedish OEM is working with price strategy in the context of globalization

    OpenAIRE

    HANNAH BJÖRK, HANNAH; FORSBERG, LINA

    2015-01-01

    In today’s world, change is faster than ever with rapid technological development and increasing global competition. The effects of globalization have led to more intense international competition when competitors originate from different parts of the world. Thanks to the use of new information technology, transparency has increased and made it possible for customers to compare products and prices between suppliers and prices in different markets and also buy cross-border. This puts pressure ...

  20. Data management and global change research: Technology and infrastructure

    International Nuclear Information System (INIS)

    Morrissey, W.A.

    1993-01-01

    There is a consensus among many scientists who would perform global change research that global-scale scientific data management programs and enabling policies need to be developed and implemented concomitantly with, if not in advance of, global change research programs. They are hopeful that US Federal government policies for scientific and technical data and information management will provide timely archival, analysis, and dissemination of global change research data and will enable them to share that data with colleagues, internationally. Federal data managers believe that data management technology and infrastructure requirements for global change research programs can be met through existing or planned enhancements to systems in operation used for scientific data gathering, processing, and dissemination. Scientists are concerned, however, that because of the scope and diversity of global change research programs entirely new systems and approaches to data management may need to be devised

  1. Forecasting Changes in Stock Prices on the Basis of Patterns Identified with the Use of Data Classification Methods

    Directory of Open Access Journals (Sweden)

    Szanduła Jacek

    2014-06-01

    Full Text Available The paper develops the concept of harnessing data classification methods to recognize patterns in stock prices. The author defines a formation as a pattern vector describing the financial instrument. Elements of such a vector can be related to the stock price as well as sales volume and other characteristics of the financial instrument. The study uses data concerning selected companies listed on the stock exchange in New York. It takes into account a number of variables that describe the behavior of prices and volume, both in the short and long term. Partitioning around medoids method has been used for data classification (for pattern recognition. An evaluation of the possibility of using certain formations for practical purposes has also been presented.

  2. Gas prices and price process

    International Nuclear Information System (INIS)

    Groenewegen, G.G.

    1992-01-01

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

  3. Option pricing: Stock price, stock velocity and the acceleration Lagrangian

    Science.gov (United States)

    Baaquie, Belal E.; Du, Xin; Bhanap, Jitendra

    2014-12-01

    The industry standard Black-Scholes option pricing formula is based on the current value of the underlying security and other fixed parameters of the model. The Black-Scholes formula, with a fixed volatility, cannot match the market's option price; instead, it has come to be used as a formula for generating the option price, once the so called implied volatility of the option is provided as additional input. The implied volatility not only is an entire surface, depending on the strike price and maturity of the option, but also depends on calendar time, changing from day to day. The point of view adopted in this paper is that the instantaneous rate of return of the security carries part of the information that is provided by implied volatility, and with a few (time-independent) parameters required for a complete pricing formula. An option pricing formula is developed that is based on knowing the value of both the current price and rate of return of the underlying security which in physics is called velocity. Using an acceleration Lagrangian model based on the formalism of quantum mathematics, we derive the pricing formula for European call options. The implied volatility of the market can be generated by our pricing formula. Our option price is applied to foreign exchange rates and equities and the accuracy is compared with Black-Scholes pricing formula and with the market price.

  4. Threshold effect of the economic growth rate on the renewable energy development from a change in energy price. Evidence from OECD countries

    International Nuclear Information System (INIS)

    Chang, Ting-Huan; Huang, Chien-Ming; Lee, Ming-Chih

    2009-01-01

    This paper uses a panel threshold regression (PTR) model to investigate the influence that energy prices have on renewable energy development under different economic growth rate regimes. The empirical data are obtained from each of the OECD member-countries over the period from 1997 to 2006. We show that there is one threshold in the regression relationship, which is 4.13% of a one-period lag in the annual gross domestic product (GDP) growth rate. The consumer price index (CPI), in so far as it relates to variations in energy, is significantly positively correlated with the contribution of renewables to energy supply in the regime with higher-economic growth, but there is no relationship in the regime with lower economic growth. Therefore, countries characterized by high-economic growth are able to respond to high energy prices with increases in renewable energy use, while countries characterized by low-economic growth countries tend to be unresponsive to energy price changes when they come to their level of renewable energy. (author)

  5. Proceedings: 1996 EPRI conference on innovative approaches to electricity pricing: Managing the transition to market-based pricing

    International Nuclear Information System (INIS)

    1996-03-01

    This report presents the proceedings from the EPRI conference on innovative approaches to electricity pricing. Topics discussed include: power transmission pricing; retail pricing; price risk management; new pricing paradigms; changes from cost-based to a market-based pricing scheme; ancillary services; retail market strategies; profitability; unbundling; and value added services. This is the leading abstract. Papers are processed separately for the databases

  6. 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.

  7. 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.

  8. Rockets and Feathers: The Asymmetric Effect between China’s Refined Oil Prices and International Crude Oil Prices

    Directory of Open Access Journals (Sweden)

    Yufeng Chen

    2017-03-01

    Full Text Available This paper employs an asymmetric error-correction model (AECM, and uses monthly data on wholesale prices of gasoline and diesel products in China and international crude oil prices from February 2006 to October 2013 to examine whether China’s gasoline and diesel prices adjust asymmetrically to international crude oil price changes. Our empirical results suggest that increases and decreases in international oil prices have asymmetric effects on both wholesale prices of gasoline and diesel fuel in China, and that both increases and decreases in international oil prices have a greater effect on diesel prices than on gasoline prices in China. If there is no change in the maximum retail price, the asymmetry results from the transmission of wholesale prices in China with international oil prices. However, if there is a change in maximum retail prices, both international oil prices and maximum retail prices cause the asymmetry.

  9. Evaluation of technological measures to cope with climate change

    Energy Technology Data Exchange (ETDEWEB)

    Shimizu, Hiroshi; Moriguchi, Yulchi [National Inst. for Environmental Studies, Onogawa Tsukuba (Japan)

    1993-12-31

    Because the global warming (climate change) is recognized as a highly probable phenomenon in the next century, the countermeasures to cope with this issue is really Important. International discussion Is progressing towards the conclusion of the treaty to stabilize global warming. Therefore, now is the time to take concrete action to reduce the emission to the greenhouse gases (GHG). To find the way to reduce the emission of the GHG, the procedure as next should be taken. (1) Systematic estimation of GHG emission (GHG analysis), (2) Identification of conventional and Innovative technologies, (3) Assessment of individual sectoral technologies, (4) Comprehensive evaluation of countermeasures as a whole. Both in the U.S.A. and Japan, this kind of research have been made independently. Among these processes, the standard methodologies should be established on the GHG analysis, the assessment of individual technologies and the comprehensive evaluation. From such a background, it is important to discuss the way to evaluate technological measures to cope with climate change between the specialist from the U.S.A. and Japan. And still required to search the possibility to establish a joint project between both countries.

  10. Changes in regulation at the science and technology agency

    International Nuclear Information System (INIS)

    Hioki, K.

    1998-01-01

    This paper summarizes recent changes in the regulation at the Science and Technology Agency (STA) of Japan. The changes are based on the lessons learned from the series of incidents at the nuclear facilities of Power Reactor and Nuclear Fuel Development Corporation (PNC). It is considered that the safety culture was missing in the organization, which was reflected in the rating of the International Nuclear Event Scale (INES) level of the incidents. The PNC is going to be reorganized in October 1997, and the outline of the reorganization is also presented. (author)

  11. Exploring off-set pricing models and article deposit terms at King Abdullah University of Science & Technology (KAUST)

    KAUST Repository

    Buck, Stephen

    2018-04-09

    In the ‘normal’ world of retail and commerce you pay for an item and receive the item. In the world of academic journals you prepay for the item and you might receive the item and you might get some money back depending on what journals you did or didn’t receive. In the world of offset pricing you prepay, then you pay again, you sometimes use vouchers, you might get a discount (the following year) then you might get money back, or you might not. Are publishers knowingly placing barriers to off-set models, and not transparently offsetting the APCs to the subscription cost, in order to raise more income? Whether by design or accident it is a complex world which needs a time commitment, which not all librarians can give, to understand fully. The new model of scholarly communication, which leading universities (including KAUST) want to introduce, is based on shifting the subscription costs to publishing costs, not to double the payment channels to the publishers. Can we get to a mutually beneficial position where the author can deposit the accepted version of the article into the Institutional Repository without any embargo period as the institute is agreeing to pay the subscription fee on an ongoing basis? The required model does not adversely affect the vendors’ revenue. This presentation, based on KAUST’’s experience to date, will attempt to explain the different models of offset pricing while outlining KAUST’s dual approach, redirecting subscription money to publishing money and embedding open access terms in understandable language in our license agreements, to the problem. Why we have accepted IoP’s offset offer and not Springer’s, though we were considered among the first timers and important Institutions? Why is this important? Resolving the inherent complexities in offsetting models will save libraries money and also time wasted on tedious and unnecessary administration work. Researchers do not want to know about offsetting agreements nor

  12. Freemium Pricing

    DEFF Research Database (Denmark)

    Runge, Julian; Wagner, Stefan; Claussen, Jörg

    Firms commonly run field experiments to improve their freemium pricing schemes. However, they often lack a framework for analysis that goes beyond directly measurable outcomes and focuses on longer term profit. We aim to fill this gap by structuring existing knowledge on freemium pricing...... into a stylized framework. We apply the proposed framework in the analysis of a field experiment that contrasts three variations of a freemium pricing scheme and comprises about 300,000 users of a software application. Our findings indicate that a reduction of free product features increases conversion as well...... as viral activity, but reduces usage – which is in line with the framework’s predictions. Additional back-of-the-envelope profit estimations suggest that managers were overly optimistic about positive externalities from usage and viral activity in their choice of pricing scheme, leading them to give too...

  13. Changes in Prices After an Excise Tax to Sweetened Sugar Beverages Was Implemented in Mexico: Evidence from Urban Areas.

    Directory of Open Access Journals (Sweden)

    M Arantxa Colchero

    Full Text Available In 2014 an excise tax to non-alcoholic sweetened beverages (SSB was implemented in Mexico. The objective of this paper is to study whether and to what degree these taxes passed-through onto SSB prices in urban areas overall and by region, type of beverage and package size. Prices were obtained from the National Institute of Statistics and Geography from 2011 to 2014. We applied a pre-post quasi-experimental approach using fixed effects models. In sensitivity analysis we applied other model specifications to test the robustness of the findings and we also present weighted estimations based on household purchases. The dependent variables are real prices of a specific beverage category; the main independent variables are dummies for each month of 2014, and the models adjust for time trends and seasonality. Results suggest that the SSB tax passed along to consumers for all SSBs and we found overshifting for the carbonated SSBs. A greater effect is seen among the small package sizes, and we see heterogeneous effects by region. Estimating the effect of the tax on prices is important to understand the potential effect on consumption.

  14. Changes in Prices After an Excise Tax to Sweetened Sugar Beverages Was Implemented in Mexico: Evidence from Urban Areas.

    Science.gov (United States)

    Colchero, M Arantxa; Salgado, Juan Carlos; Unar-Munguía, Mishel; Molina, Mariana; Ng, Shuwen; Rivera-Dommarco, Juan Angel

    2015-01-01

    In 2014 an excise tax to non-alcoholic sweetened beverages (SSB) was implemented in Mexico. The objective of this paper is to study whether and to what degree these taxes passed-through onto SSB prices in urban areas overall and by region, type of beverage and package size. Prices were obtained from the National Institute of Statistics and Geography from 2011 to 2014. We applied a pre-post quasi-experimental approach using fixed effects models. In sensitivity analysis we applied other model specifications to test the robustness of the findings and we also present weighted estimations based on household purchases. The dependent variables are real prices of a specific beverage category; the main independent variables are dummies for each month of 2014, and the models adjust for time trends and seasonality. Results suggest that the SSB tax passed along to consumers for all SSBs and we found overshifting for the carbonated SSBs. A greater effect is seen among the small package sizes, and we see heterogeneous effects by region. Estimating the effect of the tax on prices is important to understand the potential effect on consumption.

  15. The effect of changes in visibility and price on fruit purchasing at a university cafeteria in Lima, Peru.

    Science.gov (United States)

    Cárdenas, María Kathia; Benziger, Catherine P; Pillay, Timesh D; Miranda, J Jaime

    2015-10-01

    To determine the effect of increasing fruit visibility, adding information and lowering price on fruit purchasing at a university cafeteria in Lima, Peru. Quasi-experimental pilot study of a three-phase stepped intervention. In Phase 1, fruit was displayed >3 m from the point of purchase with no additional information. Phase 2 consisted in displaying the fruit near the point of purchase with added health and price information. Phase 3 added a 33% price reduction. The duration of each phase was 3 weeks and phases were separated by 2-week breaks. Primary outcomes were total pieces of fruit and number of meals sold daily. A university cafeteria in Lima, Peru. Approximately 150 people, students and non-student adults, who purchased food daily. Twelve students participated in post-intervention interviews. Fruit purchasing doubled from Phase 1 to Phase 3 (Pdaily (Pbuy unhealthy snack foods. Promoting fruit consumption by product placement close to the point of purchase, adding health information and price reduction had a positive effect on fruit purchasing in a university cafeteria, especially in males and non-student adults.

  16. Designing institutions for climate change: Why rational design involves technology

    Energy Technology Data Exchange (ETDEWEB)

    Coninck, H. de [Energy Research Centre of the Netherlands, Petten (Netherlands)

    2008-09-30

    This paper aims to explore how to augment the institutional solutions offered by current political theory for addressing the unprecedented problem of climate change. Although steering directly at emission reductions in an international treaty has benefits in terms of cost-effectiveness, the paper arrives at the conclusion that considerations around technological development should be drawn into the treaty equation in order to generate sufficient reciprocity to have a politically feasible international regime. It then argues that the benefits of technology agreements for climate change mitigation may be larger than commonly assumed, as they - if properly designed - could lead to real emission reductions and provide more flexibility to reach agreement in post-2012 negotiations than proposals modelled exclusively on the Kyoto Protocol or other types of absolute emission targets. Based on rational design of international institutions for environmental governance, and attempting to take into account considerations of technological dynamics and the 'sociotechnical system', contours of a possible environmentally effective and politically feasible international climate change agreements are sketched.

  17. Petroleum price

    International Nuclear Information System (INIS)

    Maurice, J.

    2001-01-01

    The oil market is the most volatile of all markets, with the exception of the Nasdaq. It is also the biggest commodity market in the world. Therefore one cannot avoid forecasting oil prices, nor can one expect to avoid the forecasting errors that have been made in the past. In his report, Joel Maurice draws a distinction between the short term and the medium-long term in analysing the outlook for oil prices. (author)

  18. The Employment Impact of Technological Change. Technology and the American Economy, Appendix Volume II.

    Science.gov (United States)

    National Commission on Technology, Automation and Economic Progress, Washington, DC.

    Eleven descriptive studies prepared by independent experts and dealing with the employment impact of technological change are presented. Part I contains (1) an analysis, at the establishment level, of employment-increasing growth of output and employment-decreasing growth of output per man-hour, (2) case studies of the elapsed time involved in the…

  19. Statements Relating to the Impact of Technological Change. Technology and the American Economy, Appendix, Volume VI.

    Science.gov (United States)

    National Commission on Technology, Automation and Economic Progress, Washington, DC.

    Forty-seven statements by industrial and business spokesmen, union and association representatives, and professors concern the broad impact of technological change on individuals, establishments, and society in general. Some of the longer presentations are (1) "The Poverty and Unemployment Crisis," by Walter Buckingham, (2) "Technological…

  20. Analysis Of Coppers Market And Price-Focus On The Last Decades Change And Its Future Trend

    Directory of Open Access Journals (Sweden)

    Eugie Kabwe

    2015-08-01

    Full Text Available Abstract it is important to analyse the major players within a copper supply chain as well as current market dynamics relevant international guidelines major impacts affecting the sustainability of the whole system and policy drivers affecting its price on the global market. Focusis on understanding major and provisional factors affecting copper price on themarketlong-term copper prices are determined by the fundamentals of supply and demand. Short term however are driven by financial market and other variables. Through analysis of the major factors and present market dynamics global copper consumption increased since 1970 regardless of the economic slump in 2007-2009 growth is likely to continuechiefly driven by increasing demand in China and India. Since 2004 the price of copper on the global market increased drastically its consumption was mainly concentrated in developed industrial countries. The economic situation of developed countries has a greater impact on copper prices addition of Asian nations increased urbanization and industrialization. Forecasts remain progressive asAsia advance with urbanization and industrializationplans. Anticipated to account for a major growth in global copper in the next 20 years will present a large task to double copper supply output. Urbanization and industrialization will continue to surge copper demand projected to overcome global copper production high demandbut lesser supply on the market.The decline of copper supply would cause a mountingdeficit in turn increase demand by 2025. Asias level of economic activity and urbanization is far from complete it will be a chief source of copper demand in the decades to come.

  1. Development of alternative energy technologies. Entrepreneurs, new technologies, and social change

    Energy Technology Data Exchange (ETDEWEB)

    Burns, T R

    1985-01-01

    This paper discusses the introduction and development of several alternative energy technologies in countries where the innovation process has enjoyed some measure of success: solar water heating (California, Israel), windmills (Denmark), wood and peat for co-generation (Northern New England, Finland) and geo-thermal power (California) as well as heat pumps designed to save energy (West Germany). It is argued that the introduction and development of new technologies - and the socio-technical systems which utilize these technologies - depend on the initiatives of entrepreneurs and social change agents. They engage in adapting and matching technology and social structure (laws, institutions, norms, political and economic forces and social structure generally). Successful developments - as well as blocked or retarded developments - are discussed in terms of such ''compatibility analysis''. Policy implications are also discussed. (orig.).

  2. The Price Is Right?

    Science.gov (United States)

    Schaffhauser, Dian

    2012-01-01

    There's something about textbook prices that generates outrage in ways that other college expenses, such as housing and technology fees, don't. Maybe it's the shock felt by new students when faced with a $900 bill after getting their textbooks for free in K-12. Maybe it's the awful realization that $40,000 in tuition and board doesn't even cover…

  3. Impact of technology on corruption : a study of impact of e-procurement on prices of various government purchases

    OpenAIRE

    Schøll, Anja; Ubaydi, Doriyush

    2017-01-01

    Corruption is a challenge that can restrain a country’s development, and there have been many initiatives to address this severe global phenomenon. Given the increasing role of technology in an interconnected world, many leading experts suggest that this same technology can be a powerful tool to improve government transparency and accountability, which will, in turn, hamper corruption. This thesis aims to study the relationship between the use of technology and its impact on ...

  4. I.T. Changes: An Exploration of the Relationship between Motivation, Trust, and Resistance to Change in Information Technology

    Science.gov (United States)

    Culmer, Nathan Paul

    2012-01-01

    Change is an organizational inevitability. There are few fields that undergo change more rapidly than information technology. Keeping up with the pace of change in a field so inclined toward change may take a unique toll on workers in information technology. Yet, little has been done to investigate workers' orientations towards change in this…

  5. SUSTAINING CLIMATE CHANGE MITIGATION—POLICY, TECHNOLOGY, AND SOCIETY

    Directory of Open Access Journals (Sweden)

    Andreas Rechkemmer

    2010-01-01

    Full Text Available In a world that is becoming more and more exposed and vulnerable to the effects of global climate change, combining integrated risk assessment tools with effective strategies for both mitigation and adaptation is a key prerogative for policy-making. With the focus of both researchers and decision-makers gradually shifting from observing and assessing the bio-physical aspects of climate change to a more human and society centered understanding of the nature of the problem, the social, behavioral, economic and technological aspects have entered center stage of the public discourse. Responses to the climate change challenge have to establish an optimal interplay between mitigation, adaptation and socio-economic instruments. Yet, given the band-width and scale of the climate problematique and its projected impacts, very ambitious mitigation measures have to be undertaken without delays, a fact that is particularly true for emerging economies with their very rapid and unprecedented growth rates, both in GDP and GHG emissions terms. The challenge for the next years is to harmonize poverty eradication and attaining the Millenium Development Goals through stable economic growth with mitigating the effects of climate change. Therefore, “inclusive green growth” has become the motto of the day. But how can this goal be achieved? Obviously, quite fundamental changes have to be introduced that affect both the production and the consumption sectors and allow for real innovation in technologies and energy, in urban mobility, infrastructure and transportation grids. This paper illustrates the deep social and societal nature of climate change response strategies, especially in the area of mitigation, and shows that transitions to green and low-carbon economies will have to embed policies, incentive schemes and economic instruments in a larger societal context of social learning and behavioral change.

  6. Stochastic modeling of the energy supply system with uncertain fuel price – A case of emerging technologies for distributed power generation

    International Nuclear Information System (INIS)

    Mirkhani, Sh.; Saboohi, Y.

    2012-01-01

    Highlights: ► An existing bottom-up deterministic energy system model (ESM) has limited capability in handling the uncertainties. ► Uncertainty has been modeled based on GBM. Probabilistic scenarios are generated based on Cox–Ross method. ► A multistage stochastic model has been developed where scenarios are integrated in the energy system model. ► A distributed generation system has been introduced as a case study where fuel price is considered as an uncertain parameter. - Abstract: A deterministic energy supply model with bottom-up structure has limited capability in handling the uncertainties. To enhance the applicability of such a model in an uncertain environment two main issues have been investigated in the present paper. First, a binomial lattice is generated based on the stochastic nature of the source of uncertainty. Second, an energy system model (ESM) has been reformulated as a multistage stochastic problem. The result of the application of the modified energy model encompasses all uncertain outcomes together and enables optimal timing of capacity expansion. The performance of the model has been demonstrated with the help of a case study. The case study has been formulated on the assumption that a gas fired engine competes with renewable energy technologies in an uncertain environment where the price of natural gas is volatile. The result of stochastic model has then been compared with those of a deterministic model by studying the expected value of perfect information (EVPI) and the value of stochastic solution (VSS). Finally the results of the sensitivity analysis have been discussed where the characteristics of uncertainty of the price of fuel are varied.

  7. Price setting in turbulent times

    DEFF Research Database (Denmark)

    Ólafsson, Tjörvi; Pétursdóttir, Ásgerdur; Vignisdóttir, Karen Á.

    This price setting survey among Icelandic firms aims to make two contributions to the literature. First, it studies price setting in an advanced economy within a more turbulent macroeconomic environment than has previously been done. The results indicate that price adjustments are to a larger...... extent driven by exchange rate fluctuations than in most other advanced countries. The median Icelandic firm reviews its prices every four months and changes them every six months. The main sources of price rigidity and the most commonly used price setting methods are the same as in most other countries....... A second contribution to the literature is our analysis of the nexus between price setting and exchange rate movements, a topic that has attracted surprisingly limited attention in this survey-based literature. A novel aspect of our approach is to base our analysis on a categorisation of firms...

  8. Option Pricing and Momentum

    NARCIS (Netherlands)

    Rodriguez, J.C.

    2007-01-01

    If managers are reluctant to fully adjust dividends to changes in earnings, stock returns and changes in the dividend yield will tend to be negatively correlated. When this is the case, stock returns will exhibit positive autocorrelation, or mo- mentum. This paper studies the pricing of options in

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

    Energy Technology Data Exchange (ETDEWEB)

    Philibert, Cedric

    2008-12-15

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

  10. Changing the conversation: how ANS is telling a different story about nuclear science and technology

    International Nuclear Information System (INIS)

    Raap, B.

    2014-01-01

    'Full text': As nuclear scientists and engineers, our focus and expertise is in science and technology that yields benefits for society. Yet, we are also often in the position of explaining what can be very complex and technical issues to individuals who are not technical, and who perhaps are guided by misinformation about nuclear science and technology. Being effective communicators, and having an effective communications program at organizations like ANS,is critical if we are to maintain support for nuclear energy. Nuclear plants have shut down in the United States over the past year largely due to economic circumstances. The low price of natural gas and other factors make it extremely challenging for some nuclear plants to be competitive right now. Although this situation will eventually change, clear communications is critical.Fostering a good understanding of nuclear science and technology is needed now more than ever to help people gain an appreciation for the benefits that nuclear energy offers. Last year, ANS created a strategic communications plan. This communications plan called for improvements in all of our communication and outreach efforts. We have many work groups actively working on those improvements, which will be highlighted during the session. We also publicly launched the Center for Nuclear Science and Technology Information, a special communications initiative of ANS. The Center allows ANS to better leverage resources while building awareness about nuclear science and technology among a variety of audiences. Through the Center, ANS seeks to improve public understanding of nuclear science and technology, inform policy makers and their staff about nuclear fundamentals,engage journalists in telling a truthful story based on science, and inspire young people to explore nuclear science and technology. The Center allows ANS to produce improved public education tools that nuclear professionals and advocates can use when doing outreach. The

  11. Changing the conversation: how ANS is telling a different story about nuclear science and technology

    Energy Technology Data Exchange (ETDEWEB)

    Raap, B. [American Nuclear Society, La Grange Park, IL (United States)

    2014-07-01

    'Full text': As nuclear scientists and engineers, our focus and expertise is in science and technology that yields benefits for society. Yet, we are also often in the position of explaining what can be very complex and technical issues to individuals who are not technical, and who perhaps are guided by misinformation about nuclear science and technology. Being effective communicators, and having an effective communications program at organizations like ANS,is critical if we are to maintain support for nuclear energy. Nuclear plants have shut down in the United States over the past year largely due to economic circumstances. The low price of natural gas and other factors make it extremely challenging for some nuclear plants to be competitive right now. Although this situation will eventually change, clear communications is critical.Fostering a good understanding of nuclear science and technology is needed now more than ever to help people gain an appreciation for the benefits that nuclear energy offers. Last year, ANS created a strategic communications plan. This communications plan called for improvements in all of our communication and outreach efforts. We have many work groups actively working on those improvements, which will be highlighted during the session. We also publicly launched the Center for Nuclear Science and Technology Information, a special communications initiative of ANS. The Center allows ANS to better leverage resources while building awareness about nuclear science and technology among a variety of audiences. Through the Center, ANS seeks to improve public understanding of nuclear science and technology, inform policy makers and their staff about nuclear fundamentals,engage journalists in telling a truthful story based on science, and inspire young people to explore nuclear science and technology. The Center allows ANS to produce improved public education tools that nuclear professionals and advocates can use when doing outreach. The

  12. Instruments of war weapons and technologies that have changed history

    CERN Document Server

    Tucker, Spencer C

    2015-01-01

    In war, the weapons and technologies employed have direct effects on how battles are waged. When new weapons are introduced, they can dramatically alter the outcomes of warfare-and consequently change the course of history itself. This reference work provides a fascinating overview of the major weapon systems and military technologies that have had a major impact on world history. Addressing weapons as crude as the club used by primitive man to the high-tech weapons of today such as unmanned drones, Instruments of War: Weapons and Technologies That Have Changed History offers nearly 270 profusely illustrated entries that examine the key roles played by specific weapons and identify their success and failures. The book begins with an introductory essay that frames the subject matter of the work and discusses the history of weapons as a whole. The text is concise and accessible to general readers without extensive backgrounds in military history yet provides the detailed information necessary to convey the comp...

  13. Change Management in Information Technology - A Literature Review

    Directory of Open Access Journals (Sweden)

    Mahadi Hasan Miraz

    2016-03-01

    Full Text Available The purpose of this paper is to present the state of the art of research in Information Technology (IT in Change Management (CM. Initial studies indicate that investments into CM in IT often do not add the predictable value, neither to the CM division himself nor to the association supported by the CM section. A basis for further study into this complex and inter disciplinary area is therefore needed. This literature review will contribute to this basis. Based on a Systematic Literature Review (SLR method, journal articles, with a focus on CM in IT were found. Relevant articles were organized in categories according to focus on Technology, IT layer, CM process and theory, research method applied and type of findings. Finally research gaps were identified. There seems to be a general belief in technology combinations as a way to speed up the rather slow IT diffusion process in CM. It is documented that current research into CM in IT has an unbalanced focus on few specific technologies, IT layers and CM processes, and that further research should focus more on the IT implementation process and use. Knowledge from application and use could be fed back into (and strengthen conceptualization and progress, thereby adding more value to CM. Only the search engine Scopus is used. This is the first review paper focusing on CM in general in IT, giving an overview of the area and delivering a basis for further research.

  14. 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.

  15. Examining Educational Climate Change Technology: How Group Inquiry Work with Realistic Scientific Technology Alters Classroom Learning

    Science.gov (United States)

    Bush, Drew; Sieber, Renee; Seiler, Gale; Chandler, Mark

    2018-04-01

    This study with 79 students in Montreal, Quebec, compared the educational use of a National Aeronautics and Space Administration (NASA) global climate model (GCM) to climate education technologies developed for classroom use that included simpler interfaces and processes. The goal was to show how differing climate education technologies succeed and fail at getting students to evolve in their understanding of anthropogenic global climate change (AGCC). Many available climate education technologies aim to convey key AGCC concepts or Earth systems processes; the educational GCM used here aims to teach students the methods and processes of global climate modeling. We hypothesized that challenges to learning about AGCC make authentic technology-enabled inquiry important in developing accurate understandings of not just the issue but how scientists research it. The goal was to determine if student learning trajectories differed between the comparison and treatment groups based on whether each climate education technology allowed authentic scientific research. We trace learning trajectories using pre/post exams, practice quizzes, and written student reflections. To examine the reasons for differing learning trajectories, we discuss student pre/post questionnaires, student exit interviews, and 535 min of recorded classroom video. Students who worked with a GCM demonstrated learning trajectories with larger gains, higher levels of engagement, and a better idea of how climate scientists conduct research. Students who worked with simpler climate education technologies scored lower in the course because of lower levels of engagement with inquiry processes that were perceived to not actually resemble the work of climate scientists.

  16. Wireless network pricing

    CERN Document Server

    Huang, Jianwei

    2013-01-01

    Today's wireless communications and networking practices are tightly coupled with economic considerations, to the extent that it is almost impossible to make a sound technology choice without understanding the corresponding economic implications. This book aims at providing a foundational introduction on how microeconomics, and pricing theory in particular, can help us to understand and build better wireless networks. The book can be used as lecture notes for a course in the field of network economics, or a reference book for wireless engineers and applied economists to understand how pricing

  17. Marketplace pricing

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    As discussed in this chapter, interest in marketplace pricing has been increasing in recent years, reflecting the societal trend toward substituting competition for regulation where appropriate. Competition is valuable because it encourages utilities to make efficient decisions with a minimum of regulatory intervention. It enhances efficiency through the incentive for innovation by the regulated companies and by increasing the likelihood they will come forward with proposals for better services, lower prices or both. Ultimately, consumers are beneficiaries. Marketplace pricing is emblematic of the view that the degree of regulation should reflect the degree of market power, that workably competitive markets should be allowed to operate with as little regulatory interference as possible. The Edison Electric Institute has made perhaps the most detailed proposal on marketplace pricing. It and others perceive numerous benefits from this method of pricing transmission services. Given the undeniable market power resulting from line ownership, FERC has emphasized the need to find a workably competitive market before approving such proposals. The ability to make this distinction without a full-blown antitrust review for every transaction is questionable, and FERC has yet to provide generic guidance. Finally, FERC's legal ability to depart from cost-based standards is questionable

  18. Pricing strategies for information goods

    Indian Academy of Sciences (India)

    Pricing strategies; information goods; bundling and versioning strategies; ... variety of industries including books, music, entertainment, gaming and education. ... Decision and Information Technologies Department, Robert H Smith School of ...

  19. Price Leadership and Unequal Market Sharing

    OpenAIRE

    Dijkstra, Peter T.

    2014-01-01

    We consider experimental markets of repeated homogeneous price-setting duopolies. We investigate the effect on collusion of sequential versus simultaneous price setting. We also examine the effect on collusion of changes in the size of each subject's market share in case both subjects set the same price. Our results show that sequential price setting compared with simultaneous price setting facilitates collusion, if subjects have equal market shares or if the follower has the larger market sh...

  20. World coal prices and future energy demand

    International Nuclear Information System (INIS)

    Bennett, J.

    1992-01-01

    The Clean Air Act Amendments will create some important changes in the US domestic steam coal market, including price increases for compliance coal by the year 2000 and price decreases for high-sulfur coal. In the international market, there is likely to be a continuing oversupply which will put a damper on price increases. The paper examines several forecasts for domestic and international coal prices and notes a range of predictions for future oil prices

  1. Nodal pricing in a coupled electricity market

    OpenAIRE

    Bjørndal, Endre; Bjørndal, Mette; Cai, Hong

    2014-01-01

    This paper investigates a pricing model for an electricity market with a hybrid congestion management method, i.e. part of the system applies a nodal pricing scheme and the rest applies a zonal pricing scheme. The model clears the zonal and nodal pricing areas simultaneously. The nodal pricing area is affected by the changes in the zonal pricing area since it is directly connected to the zonal pricing area by commercial trading. The model is tested on a 13-node power system. Within the area t...

  2. Induced innovation, energy prices, and the environment

    Science.gov (United States)

    Popp, David Clifford

    The process of developing new technologies is a central question for economic theory as well as for public policy in many areas. For example, the development of cleaner, more efficient energy technologies will play an important role in reducing the threat of global warming. To study how technology evolves over time, this dissertation uses patent data on energy innovations from 1970 to 1991 to examine the impact of energy prices on energy-efficient innovations. Before this can be done, however, information on supply-side factors which influence innovation is also needed. In the case of innovation, supply-side factors are the usefulness of the existing base of scientific knowledge. Patent citations are used for this purpose. Subsequent citations to patents granted each year since 1970 are used to show that the returns to research and development (R&D) fall over time for most of the technologies studied. These estimates are then combined with data on demand-side factors, such as energy prices, to estimate a model of induced innovation in energy technologies. Both energy prices and the supply of knowledge are found to have strongly significant positive effects on innovation. Next, the Yale Technology Concordance (YTC), which maps patents to the industries in which they are used, is employed to construct a stock of energy-related knowledge for 14 energy intensive industries. The effect of changes in this stock on energy consumption in these industries is estimated. On average, the present value of energy savings resulting from a new patent is eight million dollars, with the maximum savings coming about five years after the initial patent application. Finally, the results of each regression are combined to simulate the impact of a ten percent energy tax. Initially, simple factor substitution due to the price change has the largest effect. However, because of the cumulative nature of R&D, induced innovation has a much larger effect than factor substitution in the long run

  3. How Technology Has Changed (and Will Change) Higher Education Employee Recruitment

    Science.gov (United States)

    Ikenberry, John; Hibel, Andrew; Freedman, Robert

    2010-01-01

    Higher education recruitment has evolved over the years to utilize new technologies. The Internet has had the greatest impact on higher education recruitment and paved the way for many new ways of connecting recruiters with job seekers. The further development of Web 2.0 tools and social media has changed the landscape of recruiting and job…

  4. Information and Communication Technology and Cultural Change How ICT Changes Self-Construal and Values

    NARCIS (Netherlands)

    Hansen, Nina; Postmes, Tom; van der Vinne, Nikita; van Thiel, Wendy

    2012-01-01

    This paper studies whether and how information and communication technology (ICT) changes self-construal and cultural values in a developing country. Ethiopian children were given laptops in the context of an ICT for development scheme. We compared children who used laptops (n = 69) with a control

  5. Advanced energy technologies and climate change: An analysis using the Global Change Assessment Model (GCAM)

    International Nuclear Information System (INIS)

    Edmonds, J.; Wise, M.; MacCracken, C.

    1994-01-01

    The authors report results from a ''top down'' energy-economy model employing ''bottom up'' assumptions and embedded in an integrated assessment framework, GCAM. The analysis shows that, from the perspective of long-term energy system development, differences in results from the ''top down'' and ''bottom up'' research communities would appear to be more closely linked to differences in assumptions regarding the economic cost associated with advanced technologies than to differences in modeling approach. The adoption of assumptions regarding advanced energy technologies were shown to have a profound effect on the future rate of anthropogenic climate change. The cumulative effect of the five sets of advanced energy technologies is to reduce annual emissions from fossil fuel use to levels which stabilize atmospheric concentrations below 550 ppmv, the point at which atmospheric concentrations are double those that existed in the middle of the eighteenth century. The consideration of all greenhouse gases, and in particular sulfur, leads to some extremely interesting results that the rapid deployment of advanced energy technologies leads to higher temperatures prior to 2050 than in the reference case. This is due to the fact that the advanced energy technologies reduce sulfur emissions as well as those of carbon. The short-term cooling impact of sulfur dominates the long-term warming impact of CO 2 and CH 4 . While all energy technologies play roles, the introduction of advanced biomass energy production technology plays a particularly important role. 16 refs., 12 figs., 3 tabs

  6. Electricity pricing

    International Nuclear Information System (INIS)

    Wijayatunga, P.D.C.

    1994-01-01

    Electricity pricing in most countries, especially in the developing world, has been determined by traditional accounting criteria where it raises revenue requirements to cover the operating costs and a return on past and future capital investments in possible power systems. The use of economic principles to improve the total economic efficiency in the electricity industry is discussed. Basic marginal cost theory, long run marginal costing (LRMC) cost categories and rating periods, marginal capacity costs, marginal energy costs, consumer costs, short run marginal costing (SRMC), marginal cost of fuel, marginal cost of network losses, market clearing price, value of unserved energy and network quality of supply cost are discussed

  7. Consumption dynamics and technological change - exemplified by the mobile phone and related technologies

    DEFF Research Database (Denmark)

    Røpke, Inge

    2001-01-01

    The point of departure of this paper is the belief that the lifestyles and constantly growing consumption of the rich countries carry a large responbility for environmental problems and make it difficult to provide the necessary scope for increasing consumption for the poor. There is an urgent need...... dynamics that operate on the micro level and compel most consumers in the rich countries to be willing contributors to the growing consumption. The second purpose is to investigate how the families use the new technologies, and how these technologies eventually become integrated in gradual changes...... of everyday life. In the long run, the changes of everyday life can be decisive for the development of the consumption dynamics and for the related environmental effects....

  8. The Perceptions of Change and Change Readiness in Junior and Senior Engineering & Technology Students

    Science.gov (United States)

    Moler, Perry J.

    The purpose of this study was to understand what perceptions junior and senior engineering & technology students have about change, change readiness, and selected attributes, skills, and abilities. The selected attributes, skills, and abilities for this study were lifelong learning, leadership, and self-efficacy. The business environment of today is dynamic, with any number of internal and external events requiring an organization to adapt through the process of organizational development. Organizational developments affect businesses as a whole, but these developments are more evident in fields related to engineering and technology. Which require employees working through such developments be flexible and adaptable to a new professional environment. This study was an Explanatory Sequential Mixed Methods design, with Stage One being an online survey that collected individuals' perceptions of change, change readiness, and associated attributes, skills, and abilities. Stage Two was a face-to-face interview with a random sample of individuals who agreed to be interviewed in Stage One. This process was done to understand why students' perceptions are what they are. By using a mixed-method study, a more complete understanding of the current perceptions of students was developed, thus allowing external stakeholders' such as Human Resource managers more insight into the individuals they seek to recruit. The results from Stage One, one sample T-test with a predicted mean of 3.000 for this study indicated that engineering & technology students have a positive perceptions of Change Mean = 3.7024; Change Readiness Mean = 3.9313; Lifelong Learning Mean = 4.571; Leadership = 4.036; and Self-Efficacy Mean = 4.321. A One-way ANOVA was also conducted to understand the differences between traditional and non-traditional student regarding change and change readiness. The results of the ANOVA test indicated there were no significant differences between these two groups. The results

  9. Foreign Ownership and Skill-biased Technological Change

    DEFF Research Database (Denmark)

    Koch, Michael; Smolka, Marcel

    Understanding the effects of foreign direct investment and the behavior of multinational enterprises (MNEs) is a core issue in the study of international economics. We exploit within-firm variation in ownership structure induced by foreign acquisitions in Spain to provide a new angle on the relat......Understanding the effects of foreign direct investment and the behavior of multinational enterprises (MNEs) is a core issue in the study of international economics. We exploit within-firm variation in ownership structure induced by foreign acquisitions in Spain to provide a new angle...... firms due to access to foreign markets through the foreign parent. This market size effect, coupled with a technology-skill complementarity, raises the demand for high-skilled workers as well as worker training upon acquisition. The largest productivity gains predicted by the model accrue to those firms...... empirical evidence that foreign-acquired firms, not only increase their technology level, but also engage in skill upgrading upon acquisition (through both hiring and training). Moreover, we show that these changes are driven by the market size effect, and not by changes in the ownership structure per se...

  10. Accelerated Reduction in \\(SO_2\\) Emissions from the U.S. Power Sector Triggered by Changing Prices of Natural Gas

    OpenAIRE

    Wu, Gang; McElroy, Michael Brendon; Lu, Xi; Nielsen, Chris

    2012-01-01

    Emissions of sulfur dioxide (\\(SO_2\\)) from the U.S. power sector decreased by 24% in 2009 relative to 2008. The Logarithmic Mean Divisia Index (LMDI) approach was applied to isolate the factors responsible for this decrease. It is concluded that 15% of the decrease can be attributed to the drop in demand for electricity triggered by the economic recession, and 28% can be attributed to switching of fuel from coal to gas responding to the decrease in prices for the latter. The largest factor i...

  11. Economics of technological change and the natural environment: How effective are innovations as a remedy for resource scarcity?

    International Nuclear Information System (INIS)

    Bretschger, Lucas

    2005-01-01

    The paper aims to substantiate the importance of endogenous innovations when evaluating the compatibility of natural resource use and economic development. It explains that technological change has the potential to compensate for natural resource scarcity, diminishing returns to capital, poor input substitution, and material balance restrictions, but is limited by various restrictions like fading returns to innovative investments and rising research costs. It also shows how innovative activities are fostered by accurate price signals and research-favouring sectoral change. The simultaneous effects of increasing technical knowledge, decreasing resource inputs, and increasing world population largely determine the chances of long-run sustainable development. Consequently, future research has to be directed at a more thorough understanding of the mechanisms driving innovations in the presence of natural resource scarcity

  12. Hacktivism 1-2-3: how privacy enhancing technologies change the face of anonymous hacktivism

    NARCIS (Netherlands)

    Bodó, B.

    2014-01-01

    This short essay explores how the notion of hacktivism changes due to easily accessible, military grade Privacy Enhancing Technologies (PETs). Privacy Enhancing Technologies, technological tools which provide anonymous communications and protect users from online surveillance enable new forms of

  13. Bilateral Relationship between Technological Changes and Income Inequality in Developing Countries

    Directory of Open Access Journals (Sweden)

    Sirine MNIF

    2016-07-01

    Full Text Available The work focuses on the analysis of the bilateral relationship between technological changes and inequality. First, it focus on the impact of technological innovations on inequality and the theory of Skills Biased Technological Changes (SBTC. Given technology can produce inequality; what is the impact of these inequalities on the distribution and the production technologies? Conversely, it´s interested in, the transmission channels through which inequality affect technological changes. And that being said, let's enrich the interactions between inequality and technological changes. The empirical validation is based on the technique of Panel data for a sample of developing countries. The paper concludes that a positive relationship of technological changes on inequality seems to be confirmed. Increased innovation increases inequality. And a negative effect of inequality on technological changes also seems to be confirmed. Rising inequality hampers technological innovations.

  14. Understanding the Changes in Global Crop Yields Through Changes in Climate and Technology

    Science.gov (United States)

    Najafi, Ehsan; Devineni, Naresh; Khanbilvardi, Reza M.; Kogan, Felix

    2018-03-01

    During the last few decades, the global agricultural production has risen and technology enhancement is still contributing to yield growth. However, population growth, water crisis, deforestation, and climate change threaten the global food security. An understanding of the variables that caused past changes in crop yields can help improve future crop prediction models. In this article, we present a comprehensive global analysis of the changes in the crop yields and how they relate to different large-scale and regional climate variables, climate change variables and technology in a unified framework. A new multilevel model for yield prediction at the country level is developed and demonstrated. The structural relationships between average yield and climate attributes as well as trends are estimated simultaneously. All countries are modeled in a single multilevel model with partial pooling to automatically group and reduce estimation uncertainties. El Niño-southern oscillation (ENSO), Palmer drought severity index (PDSI), geopotential height anomalies (GPH), historical carbon dioxide (CO2) concentration and country-based time series of GDP per capita as an approximation of technology measurement are used as predictors to estimate annual agricultural crop yields for each country from 1961 to 2013. Results indicate that these variables can explain the variability in historical crop yields for most of the countries and the model performs well under out-of-sample verifications. While some countries were not generally affected by climatic factors, PDSI and GPH acted both positively and negatively in different regions for crop yields in many countries.

  15. Land use changes after the period commodities rising price in the Rio Grande do Sul State, Brazil

    Directory of Open Access Journals (Sweden)

    Vicente Celestino Pires Silveira

    Full Text Available ABSTRACT: At the end of the 20th and early 21st century, agricultural systems incorporated definitively a new mission: to generate goods for a world population that continues to grow and whose way of life demand food with low environmental impact. Soybean is the main raw material for the production of biodiesel in Brazil, accountably responsible for 82.4% of the total produced between 2006 and 2013. The Brazilian state of Rio Grande do Sul (RS, which is formed by the Pampa and the Atlantic forest biomes, was responsible for 35.7% of the country's biodiesel production in the referred period. The aim of this paper was to verify the impact of the increased area of soybean cultivation in land use in Rio Grande do Sul State, in the period between 1990 and 2015, considering separately its two biomes (Pampa and Atlantic Forest original areas, using both census dataset and satellite images. We used the period from 1990 to 2000 as before commodity rising price (BCRP and the period from 2000 to 2013 as commodity rising price (CRP. The 505,162 ha from Atlantic Forest biome and 1,192,115ha from Pampa biome were added to soybean production in the CRP period. In the Atlantic Forest, this enlargement occurred in the border of the main production area, while in Pampa biome conversion of natural grassland to crop land was the main reason for the large increment in the cultivated area.

  16. A Multiperiod Equilibrium Pricing Model

    Directory of Open Access Journals (Sweden)

    Minsuk Kwak

    2014-01-01

    Full Text Available We propose an equilibrium pricing model in a dynamic multiperiod stochastic framework with uncertain income. There are one tradable risky asset (stock/commodity, one nontradable underlying (temperature, and also a contingent claim (weather derivative written on the tradable risky asset and the nontradable underlying in the market. The price of the contingent claim is priced in equilibrium by optimal strategies of representative agent and market clearing condition. The risk preferences are of exponential type with a stochastic coefficient of risk aversion. Both subgame perfect strategy and naive strategy are considered and the corresponding equilibrium prices are derived. From the numerical result we examine how the equilibrium prices vary in response to changes in model parameters and highlight the importance of our equilibrium pricing principle.

  17. Adapt or withdraw? Evidence on technological changes and early retirement using matched worker-firm data

    OpenAIRE

    Torbjørn Hægeland; Dag Rønningen; Kjell G. Salvanes

    2007-01-01

    Abstract: Older workers typically possess older vintages of skills than younger workers, and they may suffer more from technological change. Experienced workers may nevertheless have accumulated human capital making them suitable for adopting new technologies. On the other hand, to adjust to new technologies, workers must invest in training. This may not be worthwhile for the oldest workers, and technological change may thus induce early retirement. If technological change occu...

  18. Carbon pricing comes clean

    International Nuclear Information System (INIS)

    De Wit, Elisa

    2011-01-01

    Together with the Clean Energy Bill, the implications of the Australian Federal Government's climate change legislative package are far reaching. Norton Rose gives business a heads-up in this breakdown of the draft legislation underpinning the carbon pricing and clean energy scheme. It is a summary of Norton Rose's full analysis.

  19. Price of Prejudice

    DEFF Research Database (Denmark)

    Hedegaard, Morten; Tyran, Jean-Robert Karl

    2018-01-01

    We present a new type of field experiment to investigate ethnic prejudice in the workplace. Our design allows us to study how potential discriminators respond to changes in the cost of discrimination. We find that ethnic discrimination is common but highly responsive to the “price of prejudice”, i...

  20. PRICING STRATEGY FOR DIGITAL PRODUCTS

    Directory of Open Access Journals (Sweden)

    MARIA MAGDALENA CRIVEANU

    2018-02-01

    Full Text Available The current society imposes an alert pace on companies that need to adapt to change, become more flexible and adopt new strategies to maintain market share. Digital marketing is a useful tool for promoting products, as customers can access a range of product information at any time and from anywhere. At the same time, another advantage on the part of companies is the lower promotion costs as compared to traditional promotional methods, as well as the establishment of a connection and a communication bridge with each client. The most important component in the process of purchasing a product is inevitably the price. It communicates a series of information about the product and the customer so that the price can be an important element of persuasion in relation to other marketing strategies. Most of the time, the smallest price is the most important factor in making a decision about buying a product, and digital marketing offers the posibility to compare prices. In this sense, digital marketing can provide both an advantage and a disadvantage for traders, as the small price may invalidate other marketing strategies or product features. In this sense, pricing is a challenge for marketing departments because the pricing strategy is deferring from the sterile formula of pricing which meant covering costs and making profit. This paper aims to analyze the extent to which price is an important element in purchasing a product, as well as highlighting a variety of methods and techniques used in pricing. Quantitative research is based on a questionnaire applied to 100 respondents in order to identify the correct pricing strategy. Research results communicate an important message to merchants who have to adjust the price of each buyer individually, so that the buyer profile is particularly important in setting the price.

  1. Technology shocks matter

    OpenAIRE

    Jonas D. M. Fisher

    2002-01-01

    This paper uses the neoclassical growth model to identify the effects of technological change on the US business cycle. In the model there are two sources of technological change: neutral, which effects the production of all goods homogeneously, and investment-specific. Investment-specific shocks are the unique source of the secular trend in the real price of investment goods, while shocks to both kinds of technology are the only factors which affect labor productivity in the long run. Consis...

  2. Regional technological change in US coal mines: 1951-76

    Energy Technology Data Exchange (ETDEWEB)

    Lakhani, H A

    1982-04-01

    This paper analyses technological change in coal mines in five regions - the Northern and Southern Appalachians, the Rocky Mountains, the Interior and Gulf and Northern Great Plains. Section 2 deals with changes in production profiles, over time, of the regions by dividing coal mines into underground and surface mines. It concludes that the Appalachian regions are the declining regions with lower labour productivity and that the Northern Great Plains, with its increasing labour productivity, is the expanding region. Section 3 presents a methodology of S-shaped growth curves. Section 4 reports empirical results for growth rates of adoption of the newer techniques across regions. These results reveal that the Northern Great Plains region is not absorbing the manpower and resources released by the Appalachian regions so that there are shortages in the former in the face of unemployment in the latter. There is, therefore, an opportunity for the declining Appalachian regions to inform their surplus manpower and resources about the growth centre in the north and prepare them for relocation, retraining and readjustment to the changes. (11 refs.)

  3. Designing healthcare information technology to catalyse change in clinical care

    Directory of Open Access Journals (Sweden)

    William Lester

    2008-05-01

    Full Text Available The gap between best practice and actual patient care continues to be a pervasive problem in our healthcare system. Efforts to improve on this knowledge_performance gap have included computerised disease management programs designed to improve guideline adherence. However, current computerised reminder and decision support interventions directed at changing physician behaviour have had only a limited and variable effect on clinical outcomes. Further, immediate pay-for-performance financial pressures on institutions have created an environmentwhere disease management systems are often created under duress, appended to existing clinical systems and poorly integrated into the existing workflow, potentially limiting their realworld effectiveness. The authors present a review of disease management as well as a conceptual framework to guide the development of more effective health information technology (HIT tools for translating clinical information into clinical action.

  4. NATO Conference on Work, Organizations, and Technological Change

    CERN Document Server

    Niehaus, Richard

    1982-01-01

    This volume is the proceedings of the Symposium entitled, "Work, Organizations and Technological Change" which was held in Garmisch-Partenkirchen, West Germany, 14-19 June 1981. The meeting was sponsored by the Special Panel on Systems Sciences of the NATO Scientific Affairs Division. In proposing this meeting the Symposium Directors built upon several preceding NATO conferences in the general area of personnel systems, manpower modelling, and organization. The most recent NATO Conference, entitled "Manpower Planning and Organization Design," was held in Stresa, Italy in 1977. That meeting was organized to foster research on the interrelationships between programmatic approaches to personnel planning within organizations and behavioral science approachs to organization design. From that context of corporate planning the total internal organizational perspective was the MACRO view, and the selection, assignment, care and feeding of the people was the MICRO view. Conceptually, this meant that an integrated appr...

  5. Enhancing medicine price transparency through price information mechanisms.

    Science.gov (United States)

    Hinsch, Michael; Kaddar, Miloud; Schmitt, Sarah

    2014-05-08

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

  6. Future of printing: changes and challenges, technologies and markets

    Science.gov (United States)

    Kipphan, Helmut

    1998-01-01

    Digitalization within the graphic arts industry is described and it is explained how it is improving and changing the print production strategies and which new kinds of print production systems are developed or can be expected. The relationship of printed media and electronic media is analyzed and a positioning for the next century is given. The state of the art of conventional printing technologies, especially using direct imagine techniques, and their position within the digital workflow are shortly described. Non-impact printing multicolor printing systems are explained, based on general design criteria and linked to existing and newly announced equipment. The use of high-tech components for building up successful systems with high reliability, high quality and low production costs is included with some examples. Digital printing systems open many opportunities in print production: distributed printing, personalization, print and book on demand are explained as examples. The overview of the several printing technologies and their positioning regarding quality and productivity leads to the scenario about the important position of printed media, also in the distant future.

  7. Women, e-waste, and technological solutions to climate change.

    Science.gov (United States)

    McAllister, Lucy; Magee, Amanda; Hale, Benjamin

    2014-06-14

    In this paper, we argue that a crossover class of climate change solutions (which we term "technological solutions") may disproportionately and adversely impact some populations over others. We begin by situating our discussion in the wider climate discourse, particularly with regard to the Millennium Development Goals (MDGs) and the Basel Convention. We then suggest that many of the most attractive technological solutions to climate change, such as solar energy and electric car batteries, will likely add to the rapidly growing stream of electronic waste ("e-waste"). This e-waste may have negative downstream effects on otherwise disenfranchised populations. We argue that e-waste burdens women unfairly and disproportionately, affecting their mortality/morbidity and fertility, as well as the development of their children. Building on this, we claim that these injustices are more accurately captured as problems of recognition rather than distribution, since women are often institutionally under-acknowledged both in the workplace and in the home. Without institutional support and representation, women and children are deprived of adequate safety equipment, health precautions, and health insurance. Finally, we return to the question of climate justice in the context of the human right to health and argue for greater inclusion and recognition of women waste workers and other disenfranchised groups in forging future climate agreements. Copyright © 2014 McAllister, Magee. This is an open access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/), which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original author and source are credited.

  8. Asymmetry in retail gasoline and crude oil price movements in the United States. An application of hidden cointegration technique

    International Nuclear Information System (INIS)

    Honarvar, Afshin

    2009-01-01

    There is a common belief that gasoline prices respond more quickly to crude oil price increases than decreases. Some economists and politicians believe that asymmetry in oil and gasoline price movements is the outcome of a non-competitive gasoline market requiring that governments take policy action to address 'unfair pricing'. There is no consensus as to the existence, or nature, of the asymmetric relationship between prices of gasoline and crude oil. Much of this literature specifies asymmetry in the speed of adjustment and short-run adjustment coefficients. In contrast, Granger and Yoon's [Granger, C.W. and Yoon, G. 'Hidden Cointegration', University of California, San Diego, Department of Economics Working Paper, (2002).] Crouching Error Correction Model (CECM) identifies asymmetry of the cointegrating vectors between components (cumulative positive and negative changes) of the series. Applying the CECM to retail gasoline and crude oil prices for the U.S., we find that there is only evidence of cointegration between positive components of crude oil prices and negative components of gasoline prices. In contrast to the literature which attributes asymmetric price movements to market power of refiners, these findings suggest that gasoline prices -in the long run- are more influenced by the technological changes on the demand side than crude oil price movements on the supply side. (author)

  9. The oil price

    International Nuclear Information System (INIS)

    Alba, P.

    2000-01-01

    Statistical analysis cannot, alone, provide an oil price forecast. So, one needs to understand the fundamental phenomena which control the past trends since the end of world war II After a first period during which oil, thanks to its abundance, was able to increase its market share at the expense of other energies, the first oil shock reflects the rarefaction of oil resource with the tilting of the US production curve from growth to decline. Since then, the new situation is that of a ''cohabitation'' between oil and the other energies with the oil price, extremely volatile, reflecting the trial and error adjustment of the market share left to the other energies. Such a context may explain the recent oil price surge but the analogy between the US oil situation at the time of the first shock and that existing today for the world outside Middle East suggest another possibility, that of a structural change with higher future oil prices. The authors examine these two possibilities, think that the oil price will reflect both as long as one or the other will not become proven, and conclude with a series of political recommendations. (authors)

  10. Modelling the impact of oil prices on Vietnam's stock prices

    International Nuclear Information System (INIS)

    Narayan, Paresh Kumar; Narayan, Seema

    2010-01-01

    The goal of this paper is to model the impact of oil prices on Vietnam's stock prices. We use daily data for the period 2000-2008 and include the nominal exchange rate as an additional determinant of stock prices. We find that stock prices, oil prices and nominal exchange rates are cointegrated, and oil prices have a positive and statistically significant impact on stock prices. This result is inconsistent with theoretical expectations. The growth of the Vietnamese stock market was accompanied by rising oil prices. However, the boom of the stock market was marked by increasing foreign portfolio investment inflows which are estimated to have doubled from US$0.9 billion in 2005 to US$1.9 billion in 2006. There was also a change in preferences from holding foreign currencies and domestic bank deposits to stocks local market participants, and there was a rise in leveraged investment in stock as well as investments on behalf of relatives living abroad. It seems that the impact of these internal and domestic factors were more dominant than the oil price rise on the Vietnamese stock market. (author)

  11. Empirical study of the ability of Canadian oil and gas companies' reserves disclosures to account for relative changes in common stock prices

    Energy Technology Data Exchange (ETDEWEB)

    Teall, H D

    1987-01-01

    The purpose of this study is to determine which of these alternative annual report disclosures of oil and gas reserves, namely historic capitalized costs, quantities, and discounted cash flows contributes the most information content. Information content is defined as the ability of a reserves disclosure to account for relative changes in common stock prices. Multiple correlation/regression analysis was used to evaluate the extent that each of the three alternative reserves disclosures account for common stock returns after first recognizing the information provided by an industry variable and by an earnings per share or cash flow per share variable. The results indicated that the earnings per share provides significant information content while the cash flow per share consistently provides no significant evidence of information content. The capitalized costs reserves disclosure did not provide consistent evidence of information content, while the quantities disclosure and the discounted cash flows disclosure do provide significant incremental information content. The study concludes that the alternative reserves disclosures of quantities and discounted cash flows are more informative to users when accounting for changes in a corporation's common stock prices than the disclosure of reserves in historic capitalized costs.

  12. Communication and Cultural Change in University Technology Transfer

    Science.gov (United States)

    Wright, David

    2013-01-01

    Faculty culture and communication networks are pivotal components of technology transfer on university campuses. Universities are focused upon diffusing technology to external clients and upon building structure and support systems to enhance technology transfer. However, engaging faculty members in technology transfer requires an internal…

  13. Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships

    OpenAIRE

    Silva-Risso, Jorge; Zettelmeyer, Florian; Busse, Meghan R.; Knittel, Christopher Roland

    2016-01-01

    Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect equilibrium prices and sales of both new and used vehicles of different fuel economies. We investigate the implications of these effects for individual auto manufacturers, taking into account differences...

  14. Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships

    OpenAIRE

    Busse, Meghan R.; Kittel, Christopher R.; Zettelmeyer, Florian

    2012-01-01

    Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect equilibrium prices and sales of both new and used vehicles of different fuel economies. We investigate the implications of these effects for individual auto manufacturers, taking into account differences...

  15. Technologies for adaptation. Perspectives and practical experiences; Climate change

    Energy Technology Data Exchange (ETDEWEB)

    Christiansen, Lars; Olhoff, A; Traerup, S

    2011-11-15

    The present report is the second volume of the UNEP Risoe Centre Technology Transfer Perspectives Series. The report is related to the global Technology Needs Assessment (TNA) project, financed by the Global Environment Facility (GEF) and implemented by UNEP Risoe Centre. The nine articles in this volume discuss issues like: a) the concepts and context of technologies for adaptation; b) assessments of adaptation technology needs; c) practical experiences from working with technologies for adaptation. (LN)

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1983-07-01

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

  17. Near-term oil prices

    International Nuclear Information System (INIS)

    Lynch, M.C.

    2001-01-01

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

  18. Green technological change. Renewable energies, policy mix and innovation. Results of the GRETCHEN project on the impact of policy mixes on the technological and structural change in renewable energy electricity production technologies in Germany

    International Nuclear Information System (INIS)

    Rogge, Karoline S.; Breitschopf, Barbara; Mattes, Katharina; Cantner, Uwe; Graf, Holger; Herrmann, Johannes; Kalthaus, Martin; Lutz, Christian; Wiebe, Kirsten

    2015-09-01

    The report on the GRETCHEN project that was concerned with the impact of policy mixes on the technological and structural change in renewable energy electricity production technologies in Germany covers the following issues: market and technology development of renewable energy electricity production technologies; the policy mix for renewable electricity production technologies, innovative impact of the policy mix; subordinate conclusions for politics and research.

  19. Energy conservation and technological change as factors in climate change - a pulp and paper industry example

    Energy Technology Data Exchange (ETDEWEB)

    Koleff, A.M. [Stone Container Corp., Tucker, GA (United States)

    1997-12-31

    The Pulp and Paper Industry in the United States is one of this country`s most energy intensive industries with energy generally being the second or third largest direct operating expense in mill budgets. As such, the industry has long had an effective energy conservation program and has recorded impressive reductions in energy use. It is also one of the two most capital intensive industries in the United States and has a long capital investment cycle, which can be estimated by various techniques at between 20 and 30 years. This paper discusses the estimated impact of the industry`s energy conservation achievements on long term emission reductions of greenhouse gases and will show how technological changes within the industry have impacted past emission reductions and the prospects for continued progress through emerging technologies. The importance to the global competitiveness of the industry of implementing technological change designed to reduce the emission of greenhouse gases within the industry`s normal investment cycle will also be reviewed.

  20. Inducing low-carbon investment in the electric power industry through a price floor for emissions trading

    International Nuclear Information System (INIS)

    Brauneis, Alexander; Mestel, Roland; Palan, Stefan

    2013-01-01

    Uncertainty about long-term climate policy is a major driving force in the evolution of the carbon market price. Since this price enters the investment decision process of regulated firms, this uncertainty increases the cost of capital for investors and might deter investments into new technologies at the company level. We apply a real options-based approach to assess the impact of climate change policy in the form of a constant or growing price floor on investment decisions of a single firm in a competitive environment. This firm has the opportunity to switch from a high-carbon “dirty” technology to a low-carbon “clean” technology. Using Monte Carlo simulation and dynamic programming techniques for real data, we determine the optimal CO 2 price floor level and growth rate in order to induce investments into the low-carbon technology. We find that a carbon price floor can be used to induce earlier low-carbon technology investment and show this result to be robust to a large variety of input parameter settings. - Highlights: ► We model the investment decision of an electricity generating company. ► The company can invest in low and high carbon technologies. ► We investigate different carbon price floor designs. ► A carbon price floor leads to earlier investment into low-carbon technology.

  1. Spatial peak-load pricing

    International Nuclear Information System (INIS)

    Arellano, M. Soledad; Serra, Pablo

    2007-01-01

    This article extends the traditional electricity peak-load pricing model to include transmission costs. In the context of a two-node, two-technology electric power system, where suppliers face inelastic demand, we show that when the marginal plant is located at the energy-importing center, generators located away from that center should pay the marginal capacity transmission cost; otherwise, consumers should bear this cost through capacity payments. Since electric power transmission is a natural monopoly, marginal-cost pricing does not fully cover costs. We propose distributing the revenue deficit among users in proportion to the surplus they derive from the service priced at marginal cost. (Author)

  2. Analysis on learning curves of end-use appliances for the establishment of price-sensitivity load model in competitive electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Hwang, Sung Wook; Kim, Jung Hoon [Hongik University (Korea); Song, Kyung Bin [Keimyung University (Korea); Choi, Joon Young [Jeonju University (Korea)

    2001-07-01

    The change of the electricity charge from cost base to price base due to the introduction to the electricity market competition causes consumer to choose a variety of charge schemes and a portion of loads to be affected by this change. Besides, it is required the index that consolidate the price volatility experienced on the power exchange with gaming and strategic bidding by suppliers to increase profits. Therefore, in order to find a mathematical model of the sensitively-responding to-price loads, the price-sensitive load model is needed. And the development of state-of- the-art technologies affects the electricity price, so the diffusion of high-efficient end-uses and these price affect load patterns. This paper shows the analysis on learning curves algorithms which is used to investigate the correlation of the end-uses' price and load patterns. (author). 6 refs., 4 figs., 4 tabs.

  3. Mitigating climate change: Decomposing the relative roles of energy conservation, technological change, and structural shift

    International Nuclear Information System (INIS)

    Mishra, Gouri Shankar; Zakerinia, Saleh; Yeh, Sonia; Teter, Jacob; Morrison, Geoff

    2014-01-01

    We decompose the contribution of five drivers of energy use and CO 2 emissions reductions in achieving climate change goals over 2005–2100 for various climate policy scenarios. This study contributes to the decomposition literature in three ways. First, it disaggregates drivers of energy demand into technological progress and demand for energy services, represented in terms of useful energy, allowing us to estimate their contributions independently — an improvement over other economy-wide decomposition studies. Secondly, this approach reduces the ambiguity present in many previous measures of structural change. We delineate structural shifts into two separate measures: changes in fuel mix within a given resource or service pathway; and changes in mix among distinct energy resources or end-use services. Finally, this study applies decomposition methods to energy and emission trajectories from two mutually informing perspectives: (i) primary energy resources — crude oil, natural gas, coal, nuclear, and renewables; and (ii) end-uses of energy services — residential and commercial buildings, industry, and transportation. Our results show that technological improvements and energy conservation are important in meeting climate goals in the first half of the coming century; and that nuclear and renewable energy and CCS technology are crucial in meeting more stringent goals in the second half of the century. We examine the relative roles of the drivers in reducing CO 2 emissions separately for developed and developing regions. Although the majority of energy and emission growth – and by extension the greatest opportunities for mitigation – will occur in developing countries, the decomposition shows that the relative roles of the five drivers are broadly consistent between these two regions. - Highlights: • We decompose the contribution of five drivers of energy use and CO2 emissions reductions in achieving climate change goals • We analyze differences

  4. Pricing decision-making units

    OpenAIRE

    R F&aauml;re; S Grosskopf; D Margaritis

    2013-01-01

    In this note we extend the standard DEA paradigm to address the question of how one can price DMUs (decision-making units). To do this we use an adjoint transformation to the technology generated by these DMUs which links to traditional linear programming theory of the firm and is similar to pricing portfolios in financial markets. We also provide a numerical example illustrating the practicality of the proposed method.

  5. The Impact of Technological Change; The American Experience. Studies in Employment and Unemployment.

    Science.gov (United States)

    Haber, William; And Others

    Technological change is a complex term involving many more factors than "changes in machinery or automation." Six changes which affect jobs and influence skills in our industrial systems that could logically be called technological change have been identified: (1) scientific management, or time and motion studies, (2) mergers and consolidations,…

  6. Technological Change In Small And Medium Scale Enterprises ...

    African Journals Online (AJOL)

    SMEs) have been assessed to deter-mine the effect of financial liberalization policy, by surveying purposively 66 SMEs and 11 financial institution-ns. While some SMEs acquired technologies and innovated internally to bring about technological ...

  7. Inventories and upstream gasoline price dynamics

    NARCIS (Netherlands)

    Kuper, Gerard H.

    This paper sheds new light on the asymmetric dynamics in upstream U.S. gasoline prices. The model is based on Pindyck's inventory model of commodity price dynamics. We show that asymmetry in gasoline price dynamics is caused by changes in the net marginal convenience yield: higher costs of marketing

  8. 78 FR 29785 - Priority Mail Pricing

    Science.gov (United States)

    2013-05-21

    ... POSTAL REGULATORY COMMISSION [Docket No. R2013-7; Order No. 1714] Priority Mail Pricing AGENCY: Postal Regulatory Commission. ACTION: Notice. SUMMARY: The Commission is noticing a recently-filed Postal... that after the price change, the unused pricing authority available for the Special Services class will...

  9. New decision-making processes for the pricing of health technologies in Japan: The FY 2016/2017 pilot phase for the introduction of economic evaluations.

    Science.gov (United States)

    Shiroiwa, Takeru; Fukuda, Takashi; Ikeda, Shunya; Takura, Tomoyuki

    2017-08-01

    Economic evaluation is used for decision-making processes in healthcare technologies in many developed countries. In Japan, no health economic data have been requested for drugs, medical devices, and interventions till date. However, economic evaluation is gradually gaining importance, and a trial implementation of the cost-effectiveness evaluation of drugs and medical devices has begun. Discussions on economic evaluation began in May 2012 within a newly established sub-committee of the Chuikyo, referred to as the "Special Committee on Cost Effectiveness." After four years of discussions, this committee determined that during the trial implementation, the results of the cost-effectiveness evaluation would be used for the re-pricing of drugs and medical devices at the end of fiscal year (FY) 2017. Chuikyo selected 13 products (7 drugs and 6 medical devices) as targets for this evaluation. These products will be evaluated until the end of FY 2017 based on the following process: manufacturers will submit the data of economic evaluation; the National Institute of Public Health will coordinate the review process; academic groups will perform the actual review of the submitted data, and the expert committee will appraise these data. This represents the first step to introducing cost-effectiveness analysis in the Japanese healthcare system. We believe that these efforts will contribute to the efficiency and sustainability of the Japanese healthcare system. Copyright © 2017 The Author(s). Published by Elsevier B.V. All rights reserved.

  10. Do Daily Retail Gasoline Prices adjust Asymmetrically?

    Energy Technology Data Exchange (ETDEWEB)

    Bettendorf, L. [Tinbergen Instituut, Amsterdam/Rotterdam (Netherlands); Van der Geest, S. [Erasmus Universiteit, Rotterdam (Netherlands); Kuper, G. [University of Groningen, Groningen (Netherlands)

    2005-04-15

    This paper analyzes adjustments in the Dutch retail gasoline prices. We estimate an error correction model on changes in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by estimating an EGARCH model. It turns out the volatility process is asymmetrical: an unexpected increase in the producer price has a larger effect on the variance of the producer price than an unexpected decrease. We do not find strong evidence for amount asymmetry. However, there is a faster reaction to upward changes in spot prices than to downward changes in spot prices. This implies timing or pattern asymmetry. This asymmetry starts three days after the change in the spot price and lasts for four days.

  11. SLJ's 2011 Technology Survey: Things Are Changing. Fast

    Science.gov (United States)

    Kenney, Brian

    2011-01-01

    Despite the funding challenges nearly all school libraries face, many media specialists are optimistic about the role of technology in the school library, according to "School Library Journal's" ("SLJ") 2011 Technology Survey. But in spite of the general optimism, others point to some significant obstacles: technological innovations are often…

  12. Advertising Expenditure and Consumer Prices

    OpenAIRE

    Ferdinand Rauch

    2011-01-01

    This paper studies the effect of a change in the marginal costs of advertising on advertising expenditures of firms and consumer prices across industries. It makes use of a unique policy change that caused a decrease of the taxation on advertising expenditures in parts of Austria and a simultaneous increase in other parts. Advertising expenditures move immediately in the opposite direction to the marginal costs of advertising. Simultaneously the price reaction to advertising is negative in so...

  13. Dilemmas in the Analysis of Technological Change. A Cognitive Approach to Understand Innovation and Change in the Water Sector

    Directory of Open Access Journals (Sweden)

    Dino Borri

    2014-05-01

    Full Text Available In this paper we argue for the need to apply a cognitive approach to understand deep dynamics and determinants of technological evolutions. After examining main contributions from innovation studies to the conceptualization of innovation and change in complex socio-technical environments, we highlight the contribution coming from the application of the cognitive approach to evolutionary studies on technologies and we introduce the concept of technological memory as an interpretative tool to understand those changes. We discuss our hypothesis with reference to several observations carried out in different local contexts – Mexico, India and Italy – in relation to technological change in the water sector. In those cases deliberate attempts to substitute traditional technologies with modern ones led to interesting trajectories of change ranging from the collapse of old technologies to the development of multifaceted hybridization patterns.

  14. The impact of crude oil price volatility on agricultural employment in the United States

    International Nuclear Information System (INIS)

    Uri, N.D.

    1996-01-01

    This study addresses the question of whether fluctuations in the price of crude oil have affected agricultural employment in the United States. After reviewing previous assessments of the issue, the existence of an empirical relationship between agricultural employment and crude oil price volatility is established using cointegration tests. Subsequently, the nature of the relationship is estimated with the results suggesting that at least three full years are required before the measurable impacts of a percentage change in the real price of crude oil on the change in agricultural employment are exhausted. Finally, the structural stability of the functional relationship between the change in agricultural employment and the volatility of the price of crude oil, the percentage changes in expected net farm income, realized technological innovation, and the wage rate is examined. (author)

  15. The Plug-in Concept: Technology and Aesthetics of Change

    Directory of Open Access Journals (Sweden)

    Peter Šenk

    2013-01-01

    Full Text Available The architecture concept of plug-in is based on the duality of the infrastructure system and units or elements connected to it. In the context of megastructures, the concept was most vividly characterised by works of Archigram and Japanese Metabolists in the 1960s and early 1970s. Blurring the boundary between the building and the city, the plug-in concept outgrew architectural boundaries and was slowly transformed into an urbanistic concept.The paper presents the cultural context relevant to contemporaneity, which influenced specific development of the technology-driven concept of plug-in in the British Archigram Group and Japanese Metabolists. Based on the aesthetics of change and incompleteness, which was characterised by similar architectural manifestations despite entirely different cultural backgrounds, the plug-in concept foreshadowed social transformation based on freedom, individualisation and mobility in an utopian manner and held a promise of urban development with adaptability to unpredictable needs and desires of residents, who would become its co-creators with an active approach.Although the revolutionary sixties are quite some time behind, the plug-in concept in its commodified form has become and remained operational and relevant at least on the metaphorical level; in the contemporary space it is evident primarily in urbanism and not as much in its original architectural form.

  16. How to change GEBCO outreach activities with Information technologies?

    Science.gov (United States)

    Chang, E.; Park, K.

    2014-12-01

    Since 1995, when National Geographic Information Project began, we have great advance in mapping itself and information service on the earth surface in Korea whether paper maps or online service map. By reviewing geological and mine-related information service in current and comparisons of demands, GEBCO outreach master plan has been prepared. Information service cannot be separated from data production and on dissemination policies. We suggest the potential impact of the changes in information technologies such as mobile service and data fusion, and big data on GEBCO maps based. Less cost and high performance in data service will stimulate more information service; therefore it is necessary to have more customer-oriented manipulation on the data. By inquiring questionnaire, we can draw the potential needs on GEBCO products in various aspects: such as education, accessibility. The gap between experts and non-experts will decrease by digital service from the private and public organizations such as international academic societies since research funds and policies tend to pursue "openness" and "interoperability" among the domains. Some background why and how to prepare outreach activities in GEBCO will be shown.

  17. Immigrant language barriers and house prices

    OpenAIRE

    Fischer, Andreas M.

    2011-01-01

    Are language skills important in explaining the nexus between house prices and immigrant inflows? The language barrier hypothesis says immigrants from a non common language country value amenities more than immigrants from common language countries.> ; In turn, immigrants from non common language countries are less price sensitive to house price changes than immigrants from a common language country. Tests of the language barrier hypothesis with Swiss house prices show that an immigration inf...

  18. Endogenous price flexibility and optimal monetary policy

    OpenAIRE

    Ozge Senay; Alan Sutherland

    2014-01-01

    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously to changes in monetary conditions. This article extends the standard new Keynesian model to incorporate an endogenous degree of price flexibility. The model shows that endogenizing the degree of price flexibility tends to shift optimal monetary policy towards complete i...

  19. Depletion of petroleum reserves and oil price trends

    International Nuclear Information System (INIS)

    Babusiaux, D.; Bauquis, P.R.

    2007-11-01

    This document is the report of the 'Petroleum' working group from the French Academy of Technology, coordinated by the authors in the framework of the Energy and Climate Change Commission chaired by Gilbert Ruelle. Firstly, it present a synthesis of the different points of view about reserves and the peak of world oil production (optimists, pessimists and official organizations). Secondly, it analyzes the mechanisms of oil price formation focusing on the long term without addressing the question of short term market behaviour. The last section is devoted to possible scenarios of the evolution of production profiles and prices in the medium and long term. (authors)

  20. Projecting technology change to improve space technology planning and systems management

    Science.gov (United States)

    Walk, Steven Robert

    2011-04-01

    Projecting technology performance evolution has been improving over the years. Reliable quantitative forecasting methods have been developed that project the growth, diffusion, and performance of technology in time, including projecting technology substitutions, saturation levels, and performance improvements. These forecasts can be applied at the early stages of space technology planning to better predict available future technology performance, assure the successful selection of technology, and improve technology systems management strategy. Often what is published as a technology forecast is simply scenario planning, usually made by extrapolating current trends into the future, with perhaps some subjective insight added. Typically, the accuracy of such predictions falls rapidly with distance in time. Quantitative technology forecasting (QTF), on the other hand, includes the study of historic data to identify one of or a combination of several recognized universal technology diffusion or substitution patterns. In the same manner that quantitative models of physical phenomena provide excellent predictions of system behavior, so do QTF models provide reliable technological performance trajectories. In practice, a quantitative technology forecast is completed to ascertain with confidence when the projected performance of a technology or system of technologies will occur. Such projections provide reliable time-referenced information when considering cost and performance trade-offs in maintaining, replacing, or migrating a technology, component, or system. This paper introduces various quantitative technology forecasting techniques and illustrates their practical application in space technology and technology systems management.