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Spectral analysis is applied to weekly supply and price series for bananas traded on the Sydney wholesale market. Many interesting features are revealed such as the pronounced seasonal component and the two week lag structure between the supply and price series. These results are discussed in...
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appear to have less effect on demand than variations in factors affecting the profitability of the cropping enterprise as a …
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(1958) regarding total elasticities; and (b) examine the price premium argument that has been advanced in favour of single …
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Statistical estimation of the demand function for most industrial, and many agricultural, products is inhibited by … permit the estimation of the demand for butter at retail. The time lag between production and consumption decisions means … market, together with new estimates for the demand function for butter in the United Kingdom. Previous estimates of the …
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Using data from two representative wool-selling seasons, this paper presents an analysis of the influence of various wool characteristics on the clean price of greasy wool. The crimp frequency of staples is shown to be over three times more important than either staple length or colour; other...
Persistent link: https://www.econbiz.de/10005330489
A subsidy on a single input is compared with an output subsidy as a means of stimulating output, and the conditions under which the single input subsidy is (a) more treasury cost-effective and (b) overall the more socially efficient measure, are explored. Rationalisations for input subsidies,...
Persistent link: https://www.econbiz.de/10005330490
The option value of a good is the amount which potential consumers of the good are prepared to pay now, to ensure that the good remains available for future purchase. Option values should be considered when making resource allocation decisions, so that efficient decisions are made. The...
Persistent link: https://www.econbiz.de/10005330493