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Transportation oil demand, consumer preferences and asymmetric prices

Broadstock, David C.; Collins, Alan; Hunt, Lester C. - In: Journal of Economic Studies 38 (2011) November, pp. 528-536

Purpose – The aim of this paper is to establish the role of asymmetric price decompositions in UK road transportation fuel demand, make explicit the impact of the underlying energy demand trend, and disaggregate the estimation for gasoline and diesel demand as separate commodities....

Persistent link: https://www.econbiz.de/10010610860

Da Empoli’s theory of equilibrium in retrospect

Meijer, Gerrit - In: Journal of Economic Studies 28 (2001) September, pp. 359-368

the main developments in the 1930s and later on were on market classifications and theories of pricing within these market …

Persistent link: https://www.econbiz.de/10004976555

About a dispute of some time ago: Umberto Ricci vs Attilio da Empoli

Fusco, Antonio Maria - In: Journal of Economic Studies 28 (2001) September, pp. 299-305

Reconsiders Umberto Ricci’s harsh comments on the book of the young Attilio da Empoli about the Theory of Economic Equilibrium and also re-examines da Empoli’s original theses about “ultramarginality” that aroused Umberto Ricci’s fierce criticism. In his reply, da Empoli punctually...

Persistent link: https://www.econbiz.de/10004976582

Ultramarginal cost in da Empoli’s work: Towards a general approach to the theory of competition

Matteo, Massimo Di; Luini, Luigi - In: Journal of Economic Studies 28 (2001) September, pp. 254-264

Highlights the theory of competition advanced by da Empoli in the late 1920s. The main point is the existence of discontinuities in industrial concerns. This leads to the possibility that prices exceed marginal costs and depend also on ultramarginal costs, a new concept elaborated by da Empoli....

Persistent link: https://www.econbiz.de/10004976602

Competition as a rivalrous process: Attilio da Empoli and the years of high theory that might have been

Wagner, Richard E. - In: Journal of Economic Studies 28 (2001) September, pp. 337-345

The Theory of Economic Equilibrium was written in the period of what George Shackle calls the “Years of High Theory”. Unlike the works that Shackle discusses, da Empoli’s volume received little attention and played no part in shaping the analytical formulations of the time. The Theory of...

Persistent link: https://www.econbiz.de/10004976612

Conditional pricing of risks

Ho, Ron Yiu Wah; Strange, Roger; Piesse, Jenifer - In: Journal of Economic Studies 40 (2013) 1, pp. 88-97

Purpose – This paper aims to examine the pricing effects of risks conditional on market situations. Design …/methodology/approach – The model used to test for the conditional pricing effects of risks is a modified version of Pettengill et al.'s cross …-sectional regression model, based on Hong Kong equity data. Findings – The paper postulates a five-factor asset pricing model, which …

Persistent link: https://www.econbiz.de/10010684924

Some structural issues in demand and supply of global food production

Choudhury, Masudul Alam - In: Journal of Economic Studies 38 (2011) January, pp. 91-113

Purpose – This paper aims to address the important issue of world food pricing from a new perspective of demand, supply … author's own modeling idea in this field of global food pricing and production. Findings – There is no such thing as … food production and pricing. Research limitations/implications – Further statistical data needed for estimation. Practical …

Persistent link: https://www.econbiz.de/10009143648

Assessing a feasible degree of product market integration: a pilot analysis

Gluschenko, Konstantin; Karchevskaya, Darya - In: Journal of Economic Studies 37 (2010) September, pp. 419-437

Purpose – This paper aims to make a preliminary estimate of the degree of integration in the US product market (widely acknowledged to be the most integrated among geographically large economies) as an upper bound of spatial integration that is practically achievable in markets covering fairly...

Persistent link: https://www.econbiz.de/10008675241

Modeling the non-linear behaviour of option price deviations from the Black Scholes model

Gregoriou, Andros; Bose, Niloy; Haque, M. Emranul - In: Journal of Economic Studies 37 (2010) January, pp. 26-35

Purpose – The purpose of this paper is to test for and model non-linearities in option price deviations from the Black Scholes (BS) model in FTSE 100 index options over the time period 1997-2006. Design/methodology/approach – The economic specification and estimation methodology is outlined,...

Persistent link: https://www.econbiz.de/10008675243

Modeling the non‐linear behaviour of option price deviations from the Black Scholes model

Gregoriou, Andros - In: Journal of Economic Studies 37 (2010) 1, pp. 26-35

Purpose – The purpose of this paper is to test for and model non‐linearities in option price deviations from the Black Scholes (BS) model in FTSE 100 index options over the time period 1997‐2006. Design/methodology/approach – The economic specification and estimation methodology is...

Persistent link: https://www.econbiz.de/10014863232