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The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
Western literature on the history of economic thought seldom pays attention to the contribution of scholars from the other regions on different economic issues, as if they have nothing to offer on the subject. The same happened when Schumpeter remarked "as regards the theory of the mechanism of...
Persistent link: https://www.econbiz.de/10008595905
The issue of food security, especially in a developing nation like India, raises the twin problems of uncertain food production and unequal food distribution. The impact of unequal food distribution can have adverse effects on the rural and urban population living below the poverty line. Food...
Persistent link: https://www.econbiz.de/10008534240
In order to fully understand Syrah wine market in Italy both supply and demand need to be studied. While supply is … of this analysis is to furnish valuable information about supply and demand in order to improve marketing efficiency for … quality red Italian wines, the demand is studied econometrically. A double logarithmic approach has been chosen for its …
Persistent link: https://www.econbiz.de/10005621638
, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth …
Persistent link: https://www.econbiz.de/10008685520
The report provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it …, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints …
Persistent link: https://www.econbiz.de/10011110694
as well as supply and demand ones are interpreted as different components of total value. The role of these components in …
Persistent link: https://www.econbiz.de/10011113607
We use the hedonic framework to estimate and simulate the hedonic ticket prices of 19 ski resorts in the Emilian Apennines and Altipiani Trentini. To do so, we combine data on lift facilities and slopes from several sources as well as climatic data and characteristics of the ski resorts over the...
Persistent link: https://www.econbiz.de/10011259407
This study develops a game-theoretic framework to examine the preservation and capitalization effects of government farmland preservation policies. More specifically, emphasis is given to the effects of such policies on the number and type of land buyers, the distribution of offer price, and the...
Persistent link: https://www.econbiz.de/10009148011
abstraction of economic reality, than the framework of Marshall’s laws of supply and demand and market equilibrium, which has been … framework of general equilibrium and laws of supply and demand are deeply flawed, those macroeconomic models like DSGE and SL … science just like any other subfields of physics. With restrictive assumptions, FEOE can be reduced to the laws of supply and …
Persistent link: https://www.econbiz.de/10011260061