As agricultural products move from being economic commodities to quality-differentiated goods, price dispersion within specific markets increases and implicit subsidies from high quality producers to low quality producers are removed. This paper examines how these distributional effects can influence patterns of support and opposition to changes in marketing arrangements. The simple model devel...

1. In this chapter we looked at three models of the short-run aggregate supply curve. All three models attempt to explain why, in the short run, output might deviate from its long-run “natural rate”—the level of output that is consistent with the full employment of labor and capital. All three models result in an aggregate supply function in which output deviates from its natural rate Y when th...

We develop an analytical framework to investigate the competitive implications of secondary electronic marketplaces which promote concurrent selling of new and used information goods. In secondary markets where suppliers cannot directly use second-hand goods for practicing intertemporal price discrimination, the threat of cannibalization of new goods by used goods become significant. We examine...

e xchange rate is an important factor influencing price indices of exported goods of a country in different ways. imported intermediate commodity is one of the important ways by which the change in exchange rate affects price indices of the exported goods. using the input-output table of iran for the year 2001, this paper investigates the impact of exchange rate devaluation on price indices of ...

The country's economy is dependent on many variables that play a role in growth and development of the country. There are many variables in the economy that effect on country's economy. On the other hand rainfall is one of important factor of climate change that affected on economic strategic programs such as agriculture sector programs. Rainfall Changes effect on many economic variables that i...

This paper presents estimates of the impact of exchange rate movements on the industry-level price of investment goods using a panel of OECD countries. An exchange rate depreciation (appreciation) causes a significant rise (fall) in the prices of the investment goods used by most industries, but the magnitude of this effect differs greatly across sectors. A currency depreciation causes a strong...

ONOMICS/FINANCE International Encyclopedia of Housing and Home, 2012, V Foreclosure The legal process by which an owner’s right to a property is terminated, usually due to default. Hedonic regression A method of estimating demand or value. It decomposes the price of a good or service into its constituent characteristics and obtains estimates of the contributory value of each characteristic. Sub...

We develop a game-theoretic framework to investigate the competitive implications of consumer-to-consumer electronic marketplaces, which promote concurrent selling of new and used goods. In many e-marketplaces, where suppliers cannot directly use second-hand goods for practicing inter-temporal price discrimination, the threat of cannibalization of new goods by used goods become significant. We ...

Market distortions in global trade occur when a govern­ ment creates policies that increase or lower prices of imported and /or exported goods. When prices are distorted, consumers pay either less or more than they would have if the price-altering policies were not in place. In agricultural and food mar­ kets, governments tend to create pricealtering trade policies especially when global agricu...

The Structuralist Approach: According to this view, inflation is seen to arise out of structural impediments to the expansion of production in certain crucial sectors of a developing economy. An increase in investment is expected to lead to an increase in demand of consumer goods. This increase in demand for consumer goods leads to an increase in prices, given inelastic supply. Prices rise to a...