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Agricultural commodities prices play crucial role both in farmers income determination and in price relationship establishment for the whole economy. Among the factors influencing the wheat prices, crude oil prices are considered as one of the most important. The aim of this paper was to assess...
Persistent link: https://www.econbiz.de/10010882201
Over the last decade, commodity prices have registered substantial booms and busts marked by extreme volatility. Wheat in particular, one of the main non-oil commodities, has registered a roller-coaster in price levels which seems to be inconsistent with supply and demand fundamentals. To...
Persistent link: https://www.econbiz.de/10010910217
With the aid of the VECM (vector error correction model), this paper studied dynamic effect of wheat price and flour price conduction mechanism in the wheat industry chain. Study results indicate that in a long term, wheat price and flour price have equilibrium relationship. Through threshold...
Persistent link: https://www.econbiz.de/10011250380
The purpose of this study is to evaluate the impacts of China's entry into the World Trade Organization on the world wheat industry. Special attention is given to the impact on the U.S. wheat industry. The Global Wheat Policy Simulation Model was used for this analysis. This study indicates that...
Persistent link: https://www.econbiz.de/10005806217
This paper investigates whether deregulation of the Australian wheat export market induced a structural change in the price data generation process. We examine the unit root properties of Western Australian wheat prices by testing for the possibility of single and double structural breaks in the...
Persistent link: https://www.econbiz.de/10008916063
The canonical bargaining game in economics is the ultimatum game, played by tens of thousands of students around the world over the past three decades. In the ultimatum game, first studied by Werner Guth, Rolf Schmittberger, and Bernd Schwarze (1982), the “proposer” proposes how to split a...
Persistent link: https://www.econbiz.de/10010539586
.By using developments in other human sciences, study opens the road leading to more realistic economic theory. …
Persistent link: https://www.econbiz.de/10009422026
The article addresses the question 'What makes an e-shop successful?' by providing various reference models. These reference models are for the obvious retail evolution, for quality and retail sales, for pricing and quality of products, and for pricing and quality of the sales process (i.e.,...
Persistent link: https://www.econbiz.de/10009353079
This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the … theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to … argue that Sraffa presents a theory of value within the classical tradition that does not require a notion of equilibrium of …
Persistent link: https://www.econbiz.de/10009365330
In all health care systems exists governmental regulation, as the market for health is unanimously regarded as imperfect. The German health care market is a good example for strongly regulated market in nearly each submarket, partially the determination of prices. Reimbursement of health goods...
Persistent link: https://www.econbiz.de/10008596493