An Economic Analysis of the Dynamics of Price Determination

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Publisher :
ISBN 13 :
Total Pages : 660 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis An Economic Analysis of the Dynamics of Price Determination by : Michael Kurt Wohlgenant

Download or read book An Economic Analysis of the Dynamics of Price Determination written by Michael Kurt Wohlgenant and published by . This book was released on 1978 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The determination of prices

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The determination of prices by : George Evans Roberts

Download or read book The determination of prices written by George Evans Roberts and published by . This book was released on 1922 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation Dynamics

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (6 download)

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Book Synopsis Inflation Dynamics by : Jordi Galí

Download or read book Inflation Dynamics written by Jordi Galí and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Asking About Prices

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Publisher : Russell Sage Foundation
ISBN 13 : 1610440684
Total Pages : 412 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Asking About Prices by : Alan Blinder

Download or read book Asking About Prices written by Alan Blinder and published by Russell Sage Foundation. This book was released on 1998-01-08 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.

The Economics of Price Determination

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Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Economics of Price Determination by : Clifford Clive Saxton

Download or read book The Economics of Price Determination written by Clifford Clive Saxton and published by . This book was released on 1942 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Commodity Price Dynamics

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Publisher : Cambridge University Press
ISBN 13 : 1139501976
Total Pages : 238 pages
Book Rating : 4.1/5 (395 download)

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Book Synopsis Commodity Price Dynamics by : Craig Pirrong

Download or read book Commodity Price Dynamics written by Craig Pirrong and published by Cambridge University Press. This book was released on 2011-10-31 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.

Readings in Economic Analysis: Prices and production

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Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Readings in Economic Analysis: Prices and production by : Richard Vernon Clemence

Download or read book Readings in Economic Analysis: Prices and production written by Richard Vernon Clemence and published by . This book was released on 1950 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Disequilibrium Dynamics with Inventories and Anticipatory Price-setting

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Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (168 download)

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Book Synopsis Disequilibrium Dynamics with Inventories and Anticipatory Price-setting by : Jerry Green

Download or read book Disequilibrium Dynamics with Inventories and Anticipatory Price-setting written by Jerry Green and published by . This book was released on 1980 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic assumption of this paper is an attempt to be specific about price formation while retaining a fixed-price, quantity-constrained equilibration in the short-run. The second theme of this paper is the role of inventories in macrodynamics a topic of long-recognized importance, but one which has not received much attention within the disequilibrium literature. We will analyze how the level of inventories interacts with the level of prices and wages, and how the spillover effects in a fixed-price equilibrium produce certain testable characteristics in macro time series data. We will argue that these can be used to discriminate between a model of the type we study and the analogous flexible-price system. In section 2 we set out the basic model and discuss its assumptions. Section 3 derives the short-run quantity-constrained equilibrium as it depends on initial inventory stocks and on the random disturbances within the period. Section 4 presents, for comparison purposes, the analogous results under conditions of full price flexibility after these shocks are realized. Sections 5 and 6 are the heart of the paper. We first derive the probabilistic nature of the equilibrium as it depends upon the underlying stochastic disturbances. The probabilities of different types of quantity constrained equilibria can be compared. Then, we use these results to present the dynamics of inventory behavior and the statistical relationships between real wages, inventories and employment. We emphasize the possibility of using this type of analysis to test the disequilibrium hypothesis with anticipatory pricing, against the market-clearing assumptions

MACROECONOMIC THEORY

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Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 8120342402
Total Pages : 408 pages
Book Rating : 4.1/5 (23 download)

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Book Synopsis MACROECONOMIC THEORY by : M. MARIA JOHN KENNEDY

Download or read book MACROECONOMIC THEORY written by M. MARIA JOHN KENNEDY and published by PHI Learning Pvt. Ltd.. This book was released on 2011-02-12 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic theories were designed to cope up with the economic turmoil, such as Great Depression, so as to stabilize the economy. This book comprehensively explains the broad aggregates and their interactions such as national income and output, the unemployment rate, and price inflation, and sub-aggregates like total consumption and investment spending, and their components. Divided into six parts, the textbook elaborates various aspects of macro-economics—circular flow and its effects on national income, monetary theory, business cycle theory and macroeconomic policies—in detail. The book makes clear the difference between three approaches to economics—Keynesian economics, which focuses on demand; New-classical economics, which is based on rational expectations and efficient markets; and Innova-tion economics, which is focused on long run growth through innovation. A prominent feature of this text is the use of simple algebraic expressions and formulations to reinforce analytical expositions of complex macroeconomic theories in students. The book also explicates how macroeconomic models and their forecasts can be utilized by both governments and large corporations to assist in the development and evaluation of economic policy. The chapters are incorporated with real-life examples giving practical insight on the subject. Primarily intended for the undergraduate and postgraduate students of economics, this book can also be beneficial for the students opting for the courses in commerce.

An Introduction to the Economic Theory of Market Behavior

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781845425104
Total Pages : 0 pages
Book Rating : 4.4/5 (251 download)

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Book Synopsis An Introduction to the Economic Theory of Market Behavior by : Donald W. Katzner

Download or read book An Introduction to the Economic Theory of Market Behavior written by Donald W. Katzner and published by Edward Elgar Publishing. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides substantial discussion of the model's methodological background; returns to scale; the transformation surface and the fixed-factor-supply economy; existence, uniqueness, and stability of equilibria; the dynamics of market adjustments; methodological individualism and the theory of price determination; imperfectly competitive markets; welfare economics; and the role of money capital in the operation of the firm. The author suggests that the abandonment of general equilibrium theory by microeconomists is a mistake, and that it is too soon to give up on the possibility of constructing an adequate analysis of uniqueness, global stability, and price determination.

Commodity Models for Forecasting and Policy Analysis

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Publisher : Taylor & Francis
ISBN 13 : 1003846718
Total Pages : 222 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Commodity Models for Forecasting and Policy Analysis by : Walter C. Labys

Download or read book Commodity Models for Forecasting and Policy Analysis written by Walter C. Labys and published by Taylor & Francis. This book was released on 2024-02-01 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1984 this book remains as relevant as when it was first published. At that time the oil crises of the 1970s and the growing international debt burden highlighted the extent to which events in primary commodity markets continue to influence the economies of developing and industrialized economies alike. Commodity modelling has become a valuable tool in efforts to predict and understand the behaviour of commodity markets and thereby reduce their fluctuations. This book provides an overview of the nature of the different types of commodity model as well as their diverse applications. In non-technical language the reader is introduced to the underlying modelling methodologies, including their advantages, limitations and commodity specific implications. The book will be of interest to commodity economists, traders and analysts, economic planners and those involved in agricultural, mineral and energy modelling.

Commodity Modeling and Pricing

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Publisher : John Wiley & Sons
ISBN 13 : 0470447435
Total Pages : 442 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Commodity Modeling and Pricing by : Peter V. Schaeffer

Download or read book Commodity Modeling and Pricing written by Peter V. Schaeffer and published by John Wiley & Sons. This book was released on 2008-12-03 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity Modeling and Pricing provides extensions and applications of state-of-the-art methods for analyzing resource commodity behavior. Drawing from the seminal work of Professor Walter Labys on the development of econometric methods for forecasting commodity prices, this collection of essays features expert contributors ranging from practitioners in private industry, public sector, and nongovernmental organizations to scholars in higher education–all of whom were Labys's former students or collaborators. Filled with in-depth insights and expert advice, Commodity Modeling and Pricing contains the information you need to excel in this demanding environment.

Economics of food processing in the United States

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Publisher : Elsevier
ISBN 13 : 0323149413
Total Pages : 464 pages
Book Rating : 4.3/5 (231 download)

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Book Synopsis Economics of food processing in the United States by : Chester O. Jr. McCorkler

Download or read book Economics of food processing in the United States written by Chester O. Jr. McCorkler and published by Elsevier. This book was released on 2012-12-02 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics of Food Processing in the United States aims to provide an economic overview of the food processing industries in the United States; to explore the firm-level implications of social, economic, technological, and institutional forces for selected food processing industries; and to uncover some of the implications for consumers, raw product producers, and the national economy of the major trends observed in food industries. The book begins by evaluating the major forces shaping demand, supply, prices, and trade in processed foods. It then considers major trends in technical processes; major forces in marketing, distribution, and structure; and major trends in regulation. The next few chapters explore these trends for five specific food processing industries, which represent major types of products processed: fruits and vegetables, meat, milk, grain and soybeans, and wine. After the specific industries have been examined, the final two chapters treat these industries in the context of the national and international economy. Students preparing for careers, researchers, and industry participants who study these firms and industries and the various approaches to solving their economic and management problems will benefit from the information in this volume and from its approach to presenting the dynamics of the food processing industries.

Business Economics

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Publisher : Excel Books India
ISBN 13 : 9788174462152
Total Pages : 640 pages
Book Rating : 4.4/5 (621 download)

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Book Synopsis Business Economics by : M. Adhikara

Download or read book Business Economics written by M. Adhikara and published by Excel Books India. This book was released on 2002-08 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: A trend setting book in the field of Economics, by an author of pioneering contributions in varied disciplines.The present volume is written in a simple and lucid style to equip the reader with a toolkit of economic analysis. (Part-1) reviews the established Concepts and Techniques before venturing into applications of business decisions. (Part-2) is designed for a thorough Microeconomic Analysis of Business Units. Macroeconomic Analysis forms the subject matter in Part-3. Keeping in mind, the latest developments in economic theory and the complex dynamics of the economic world, the author evaluates present day Business Ethics. Considering the growing spate of 'Economic Offences', in and around the world of business and government, the debate and discussion of this issue will certainly interest the readers (Part-4). Theory is substantiated by not only cases but also a monologue encompassing the current state of economics, economists and economies. The book aims to be a reference manual for the students of MBA, PGDBM, M Com, MBE, BBA, BBS, CA, ICWA and other courses related to management and business studies.

NBER Macroeconomics Annual 2016

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Publisher : University of Chicago Press
ISBN 13 : 022649036X
Total Pages : 587 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis NBER Macroeconomics Annual 2016 by : Martin Eichenbaum

Download or read book NBER Macroeconomics Annual 2016 written by Martin Eichenbaum and published by University of Chicago Press. This book was released on 2017-05-22 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thirty-first edition of the NBER Macroeconomics Annual features theoretical and empirical research on central issues in contemporary macroeconomics. The first two papers are rigorous and data-driven analyses of the European financial crisis. The third paper introduces a new set of facts about economic growth and financial ratios as well as a new macrofinancial database for the study of historical financial booms and busts. The fourth paper studies the historical effects of Federal Reserve efforts to provide guidance about the future path of the funds rate. The fifth paper explores the distinctions between models of price setting and associated nominal frictions using data on price setting behavior. The sixth paper considers the possibility that the economy displays nonlinear dynamics that lead to cycles rather than long-term convergence to a steady state. The volume also includes a short paper on the decline in the rate of global economic growth.

Optimization, Dynamics, and Economic Analysis

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Publisher : Springer Science & Business Media
ISBN 13 : 3642576842
Total Pages : 434 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Optimization, Dynamics, and Economic Analysis by : Engelbert J. Dockner

Download or read book Optimization, Dynamics, and Economic Analysis written by Engelbert J. Dockner and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes a collection of articles that present recent developments in the fields of optimization and dynamic game theory, economic dynamics, dynamic theory of the firm, and population dynamics and non standard applications of optimal control theory. The authors of the articles are well respected authorities in their fields and are known for their high quality research in the fields of optimization and economic dynamics.

Kalecki's Economics Today

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Publisher : Routledge
ISBN 13 : 1134422288
Total Pages : 266 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Kalecki's Economics Today by : Zdzislaw Sadowski

Download or read book Kalecki's Economics Today written by Zdzislaw Sadowski and published by Routledge. This book was released on 2003-11-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Kalecki is thought by many to be the true standard bearer of theories of mixed economy, and it can be argued that John Maynard Keynes stole his crown undeservedly. Kaleckian ideas are becoming more and more influential.