There is an extensive literature on distance and border effects in trade, but little attention has been paid to the impact of distance and borders on spatial price transmission. We analyze distance and border effects in maize price transmission between Kenya, Tanzania and Uganda. Using monthly data from January 2000 to October 2008, maize price transmission is measured for 85 market pairs withi...

This paper explores a method of managing the risk of the stock index futures market and the cross-market through analyzing the effectiveness of price limits on the Chinese Stock Index 300 futures market. We adopt a cross-market artificial financial market (include the stock market and the stock index futures market) as a platform on which to simulate the operation of the CSI 300 futures market ...

France and South Korea have implemented voucher programs to counter energy poverty. In contrast goods that traditional target, the market structure dominates supply is oligopoly. this paper, we study price impact of vouchers in structure. We first state conditions on demand elasticities make choice consistent with regulator's objective eliminating then model a game between suppliers regulator, ...

The increased transparency of electronic channels is barely reflected in research investigating online consumer behaviour. To address this issue, we introduce two different types of price sensitivity: vendor-related and market-related price sensitivity. Price sensitivity is generally assumed to vary with product quality. While product quality is hard to discern for some product types, online co...

A nonlinear coupled dynamic model of a rod fastening rotor under rub-impact and initial permanent deflection was developed in this paper. The governing motion equation was derived by the D’Alembert principle considering the contact characteristic between disks, nonlinear oil-film force, rub-impact force, unbalance mass, etc. The contact effects between disks was modeled as a flexural spring wit...

OBJECTIVE There is limited knowledge of the long-term medical consequences for occupants injured in car crashes in various impact directions. Thus, the objective was to evaluate whether injuries leading to permanent medical impairment differ depending on impact direction. METHODS In total, 36,743 injured occupants in car crashes that occurred between 1995 and 2011 were included. All initial i...

In this paper, impacts of day-ahead market pricing on behavior of producers and consumers in option and day-ahead markets and on option pricing are studied. To this end, two comprehensive equilibrium models for joint put option and day-ahead markets under pay-as-bid and uniform pricing in day-ahead market are presented, respectively. Interaction between put option and day-ahead markets, uncerta...