17,813 research outputs found
Price hedonics: a critical review
No full textThis paper was presented at the conference "Economic Statistics: New Needs for the Twenty-First Century," cosponsored by the Federal Reserve Bank of New York, the Conference on Research in Income and Wealth, and the National Association for Business Economics, July 11, 2002. The main objective of this paper is to make a start in the evaluation of price hedonics. The author describes the hedonic model and reviews its main uses, because the credibility of price hedonics depends in part on the current state of academic research. This is a brief overview. The author then turns to some of the standard criticisms of price hedonics and moves into the uncharted waters of the political economy of price measurement.Statistics ; Prices ; Consumer price indexes
Description of author Lisa Price\u27s hiking trip through the Hundred Mile Wilderne
No full textDescription of author Lisa Price\u27s hiking trip through the Hundred Mile Wilderness, the final section of the Appalachian Trail in Maine. Price, who has hiked the Appalachian Trail for four years, one section at a time, meets up with fellow hikers Noel and Caroline at Shaw\u27s Boarding House in Monson, and the three reach the summit of Mount Katahdin together
Reynolds Price
No full text37.5 x 41/48 x 52; gold and black framePortrait of Reynolds Price, author and Duke faculty membe
Correspondence regarding the possiblity of a Kephart Memorial
No full textThis 1968 correspondence, between Jackson E. Price and Dan Davis, discusses the possibility of “Memorial Center” to Horace Kephart (1862-1931), noted naturalist, woodsman, journalist, and author and promoter of the Great Smoky Mountains National Park
Endogenous Fixprices and Sticky Price Adjustment of Risk-averse Firms
No full textA risk-averse price-setting firm which knows the quantity demanded at the status quo price but has imperfect information otherwise may choose not to change it although an otherwise identical risk-neutral firm would do so, provided the variance of the firm's subjective probability distribution over quantities demanded as a function of price displays a kink at the status quo. This is equivalent to risk aversion of order one. When no such endogenous fixprice exists, the size of price adjustment still tends to zero as risk aversion tends to infinity, and to any arbitrarily small menu cost there exists a degree of risk aversion so that the firm will not adjust.fixed prices, price adjustment, risk aversion, menu cost
Higher Education's Use of Course Management Software
No full textThis chapter explains what course management systems (CMS) are, lists the features of the most popular CMS, describes the advantages and disadvantages of CMS, reviews the literature on the effectiveness of learning with CMS communication tools, and discusses the future of CMS. It discusses how CMS have become an important means of computer mediated communication in higher education. CMS are not only used for distance education courses, but for traditional courses as well. Increasingly, many teaching faculty are integrating CMS to enhance communication in the traditional class making it a hybrid course. CMS provide instructors the ability to enable various modes of communication to simulate the same experience as a real classroom. The author hopes that this chapter will provide information about what CMS can do now, and what they will perceivably do in the future.</jats:p
Intercommodity price transmittal : analysis offood markets in Ghana
No full textThis report expands on a dynamic model of market integration to investigate how information is transmitted across commodities. The author investigates one property of an efficient market : the full use of available information. Studies of spatial price integration simultaneously looks at the flow of information and commodities. The author investigates the flow of information within a single spatial market and the relationship between prices in spatially separate markets. He studies intercommodity price transmittal from two perspectives. First, he asks whether the government can concentrate on a single commodity price, yet achieve policy objectives in a broader arena. This is important in Ghana because no single commodity dominates consumers'food budgets. The author finds that price movements for the main cereal consumed in the country (maize) are fully transmitted to other regions. Second, he investigates the working of commodity markets in developing countries. He notes imperfections in the way markets process information. There are several possible explanations for this market inefficiency. Traders may set prices for other coarse grains in response to information about maize prices. Another possibility is that some traders may not deal in all grains and thus have different costs of acquiring information. In short the author's dynamic model of price integration indicates functional efficiency in Ghana.Access to Markets,Markets and Market Access,Environmental Economics&Policies,Economic Theory&Research,Agricultural Research
Madison Price Family History
No full textMadison L. Price authored this family history as part of the course requirements for HIST 550/700 Your Family in History offered online in Fall 2019 and was submitted to the Pittsburg State University Digital Commons. Please contact the author directly with any questions or comments: [email protected]
Price support at any price? Costs and benefits of alternative agricultural policies for Poland
No full textThe author argues that Poland must choose an agricultural policy that promotes efficiency, structural change, and adjustment to the new market environment and eventual membership in the European Union. That policy must take into account both the needs of, and the financial constraints on, Polish agriculture. Results of simulation experiments performed with the use of the computable general equilibrium model of the Polish economy suggest that Common Agricultural Policy-type price supports are not the most efficient agricultural policy for Poland. The author discusses alternative policies and scenarios. Rather than discuss whether the relationship between farmers'incomes and average Polish wages is fair, the author analyzes whether medium- and long-term development trends in the Polish economy may cause this relationship to deteriorate, and what policies will counteract those trends. Rapid growth in the nonagricultural sectors combined with real appreciation of domestic currency (caused either through good current account performance or significant capital inflows) may jeopardize farmers'relative income position. And such developments are probable if positive projections for economic development and membership in the European Union are realized. The agricultural sector can defend its relative income only by becoming more efficient. Price supports improve farmers'relative income but at a high cost to taxpayers and consumers and to macroeconomic efficiency. To meet these costs, Poland must put in place firm quantity controls. But the author thinks that the best strategy would be to avoid price supports until the moment of joining the European Union's Common Agricultural Policy. In the interim, policies aimed at reducing farm employment seem most appropriate. The author discusses two such policies: encouraging older farmers to retire and promoting jobs in rural areas. He also proposes two feasible scenarios for integrating Polish agriculture with that of the European Union by 2005-10.Markets and Market Access,Economic Theory&Research,Environmental Economics&Policies,Labor Policies,Agricultural Knowledge&Information Systems,Economic Theory&Research,Environmental Economics&Policies,Agricultural Knowledge&Information Systems,Markets and Market Access,Access to Markets
Relative prices and inflation in Poland, 1989-97 : the special role of administered price increases
No full textThe author evaluates how much relative price shifts affected inflation in Poland between 1989 and 1997. He uses a theoretical model that predicts a positive relationship between variance and skewness in the distribution of relative price changes and the general inflation rate. Regressions controlling for various shocks revealed that significant relative price changes -- especially the large administered price increases associated with adjustment -- produced substantial upward inflationary pressures. Growth in money and wages were shown to fuel inflation. Appreciation of the real exchange rate lowered it. Administered price increases -- in utilities and other sectors controlled by the government -- dominated inflation from 1989-97. And the adjustment of many controlled prices is not yet complete. Ideally, future administered increases should be frequent and moderate to prevent the large price shifts that increase inflation. But because frequent price increases are likely to be politically unpopular, sizable increases may be in order so that the current underevaluation of numerous services will diminish more quickly.Economic Theory&Research,Banks&Banking Reform,Insurance&Risk Mitigation,Markets and Market Access,Environmental Economics&Policies,Markets and Market Access,Access to Markets,Economic Theory&Research,Environmental Economics&Policies,Inflation
- …
