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Market equilibrium of the agricultural product target price insurance and its moral hazard premium
target price agricultural insurance moral hazard premium perspective of institutional economics
2016/6/3
In the study, an expected revenue model was built for the farmers and insurance institutes in China, with the aim of researching the realization conditions of the target price insurance market equilib...
Price Determination in Public Procurement: A Game Theory Approach
Award procedure Bid price Game theory Public procurement
2016/1/27
The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms ...
Impact of price realization on India’s tea export: Evidence from Quantile Autoregressive Distributed Lag Model
export price realization, Quantile Autoregressive Distributed Lag model India
2015/10/9
Th e quantile autoregressive distributed lag model of Galvao et al. (2013) was employed to assess the impact of
price realization on India’s tea export. Th e results of the QADL varied signifi...
Losing the auction at an affordable price generates loser regret. In third price auctions if bidders anticipate
loser regret, then in line with the experimental findings, in a symmetric equilibrium t...
Price, Quality and Reputation: Evidence from An Online Field Experiment
Field Experiment Evidence from
2015/9/21
Correspondence: Department of Economics, University of Maryland, College Park, MD 20742; phone
(301) 405-3484; email jin@econ.umd.edu. We benefit from comments of Austan Goolsbee, Raphael
Thom...
Competitive Bidding Behavior in Uniform-Price Auction Markets
Uniform-Price Auction Markets Bidding Behavior
2015/9/18
Profit-maximizing bidding in uniform price auction
markets involves bidding above marginal cost. It therefore
is not surprising that such behavior is observed in
electricity markets. This incent...
Output and Price Stability: An International Comparison
Price Stability International Comparison
2015/8/5
Output and Price Stability: An International Comparison.
Comments on ‘Relative Shocks, Relative Price Variability and Inflation’ by Stanley Fisher
Relative Shocks Relative Price Variability
2015/8/5
Comments on ‘Relative Shocks, Relative Price Variability and Inflation’ by Stanley Fisher.
Externalities Associated with Nominal Price and Wage Rigidities
Nominal Price Wage Rigidities
2015/8/4
Externalities Associated with Nominal Price and Wage Rigidities.
Price Stabilization in the 1990s: A Summary.
The Great Inflation, The Great Disinflation, and Policies for Future Price Stability
The Great Inflation The Great Disinflation
2015/8/4
The Great Inflation, The Great Disinflation, and Policies for Future Price Stability.
Comments on ‘Microeconomic Rigidities and Aggregate Price Dynamics’ by Ricardo Caballero and Eduardo Engle
Microeconomic Rigidities Aggregate Price Dynamics
2015/8/4
Comments on ‘Microeconomic Rigidities and Aggregate Price Dynamics’ by Ricardo Caballero and Eduardo Engle.
How Should Monetary Policy Respond to Shocks while Maintaining Long-Run Price Stability: Conceptual Issues
Monetary Policy Conceptual Issues
2015/8/4
This paper takes as given the principle that long-run price stability
should be the central goal of monetary policy. The purpose of the
paper is to discuss conceptual issues pertinent to the task of...
Staggered Price and Wage Setting in Macroeconomics
monetary policy monopolistic competition market clearing
2015/8/4
This chapter reviews the role of temporary price and wage rigidities in explaining of
the dynamic relationship between money, real output, and inflation. The key properties
to be explained are that ...
Low Inflation, Deflation, and Policies for Future Price Stability
Monetary policy Inflation Policy rule
2015/8/3
The effects of three different inflationary environments—high
inflation, low inflation, and negative inflation—on real output
stability are examined by looking at the experiences of Japan and the
U...