Young Farmers and Digitalization: From Price Taker to Price Maker

Farmers and Price Fluctuations in Poor Countries

SUPPLY RESPONSE OF ETHIOPIAN FARMERS TO PRICE AND NON-PRICE FACTORS: A Micro-economic Analysis

The main purpose of this study is to examine the responsiveness of peasant farmers to changes in price and non-price factors. To this end, quadratic production and restricted profit functions are fitted to farm-level survey data from Ethiopia. The results indicate that farmers respond significantly to price incentives, but the effect of prices on output supply and fertilizer demand is negligibl...

Maker-Taker Pricing Effects on Market Quotations

The exchange maker-taker pricing scheme affects incentives to take or make markets resulting in narrower bid-ask spreads. This study traces the effect of maker-taker pricing on stock quotations. The analyses consider distributions of quotation sizes, values implied from these sizes, and changes in these sizes and values. The results help inform the current debate on whether tick sizes should be...

Eliciting Bid Taker Non-price Preferences in (Combinatorial) Auctions

Recent algorithms provide powerful solutions to the problem of determining cost-minimizing (or revenue-maximizing) allocations of items in combinatorial auctions. However, in many settings, criteria other than cost (e.g., the number of winners, the delivery date of items, etc.) are also relevant in judging the quality of an allocation. Furthermore, the bid taker is usually uncertain about her p...

price theory

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