In this paper we argue that pricing is all about price changes, and that the costs of price changes are often simultaneously subtle and substantial. We discuss a framework to deal with the dynamics of changing prices. This framework incorporates customer interpretations of price changes, an...

We study dynamic price adjustment under imperfect competition when consumers have non-time-separable preferences. In our model an intertemporal link arises in the consumers' maximization problems because current consumption decisions affect the utility of future consumption. Thus future demand...

This paper selectively surveys the recent literature on price discrimination. The focus is on three aspects of pricing decisions: the information about customers available to firms; the instruments firms can use in the design of their tariffs; and the ability of firms to commit to their pricing...

Genuine saving is an established indicator of weak sustainable development that measures the net level of investment a country makes in produced, natural and human capital less depreciation. Maintaining this net level of investment above zero is a necessary condition for sustainable development....

This paper examines the efficiency implications of regulated demand price of 93 octane petrol relative to OPEC crude oil price across 183 Namibian localities in 1991. It describes briefly pricing problems associated with managing petroleum and petro-products. Assuming that demand price depends...

The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We test for the absolute versus relative version of the LOOP and estimate the speed of convergence as well as its development over time. Our results show that the absolute version...

La estructura normativa de un sector como reglas que armonizan o delimitan las acciones de los agentes económicos involucrados o los potenciales involucrados, reviste una importancia incuestionable. Los cambios filosóficos y de estructura tributaria que contemplan la nueva Ley de Hidrocarburos...

Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...

In India, the supply of electricity relies heavily on a virtually bankrupt and sometimes corrupt system of state electricity boards (SEBs), which have failed to bring electricity to approximately 40% of rural households. High subsidy levels to agriculture and domestic customers and widespread...

This paper analyses which likely effects international co-operation on climate change, the emissions trading directive of the European Union currently introduced and the tradable emissions permit systems specified under the UN Framework Convention on Climate Change (FCCC) will have on energy...