An important determinant of option prices is the elasticity of the pricing kernel used to price all claims in the economy. In this paper, we first show that for a given forward price of the underlying asset, option prices are higher when the elasticity of the pricing kernel is declining than when it is constant. We then investigate the implications of the elasticity of the pricing kernel for th...

in this paper, using kakwani-son method, price elasticity of poverty is calculated for taxed edible goods in the year 2004. this elasticity shows the total effect of price changes on poverty. the total effect is the sum of redistribution and income effects of price change. in fact, the redistribution effect tells us whether an increase in the price of a commodity hurts the poor more than the ri...

abstract export of nonoil goods in economic activities is so important and its effect on economic and comparative growth is undeniable. so, emphasize on agricultural sector and development of export in this sector prepares good conditions, for iran, to be present at international markets relying its advantages. the study tries to recognize necessary policies to enhance agricultural export poten...

the serious obstacles to improve water supply, has caused world debates, seeking some solutions to tackle the problem of shortages in water supply. t. therefore, programs and policies have focused mainly on appropriate pricing approachof. since the water industry in iran has been monopolized by the government, an effective pricing approach is assumed to maximize the social welfare with consider...

sugar beet is an important crop from the point of production and consumption. in this case, fars province is one of the largest producers iniran. the purpose of this study was to determine the effective factors on sugar beet supply. accordingly, time series information of the crop was collected from 1990 to 2004 infarsprovince and were analyzed through nerlove partially adjustment model that is...

BACKGROUND To address the impact that out-of-pocket prices may have on medication use, it is vital to understand how the demand for medications may be affected when patients are faced with changes in the price to acquire treatment and how price responsiveness differs across medication classes.  OBJECTIVE To examine the impact of cost-sharing changes on the demand for 8 classes of prescription...

deregulation policy has caused some changes in the concepts of power systems reliability assessment and enhancement. in this paper, generation reliability is considered, and a method for its assessment using intelligent systems is proposed. also, because of power market and generators’ forced outages stochastic behavior, monte carlo simulation is used for reliability evaluation. generation r...