We present an equilibrium search model that parsimoniously rationalizes the use of auctions as a sales mechanism for new-in-box goods—a frequent occurrence in online retail markets—and analyze whether the existence of these auctions is welfare enhancing relative to a market consisting only of posted prices. Buyers have a deadline by which the good must be purchased, and sellers choose between a...

The Consumer Price Index (CPI) attempts to answer the question of how much more (or less) income does a consumer require to be as well off in period 1 as in period given changes in prices, changes in the quality of goods, and the introduction of new goods (or the disappearance of existing goods). The CPI has not attempted to estimate the effect of the introduction of new goods, despite the reco...

The purpose of this study is to find out how determine the cost goods sold and selling price agricultural products according farmers accounting.Data analysis used descriptive method, that data collected, grouped arranged so it can be examined based on relevant theories related problems discussed for conclusions.From results research writer did, authors concluded in determining price, Sri Mulya ...

The aim of the paper is to study the relationship of individuals’ sport goods consumption to personal income and relative sport price in Hungary in the period 1992-2006. It is shown, that the trend of the real sport goods consumption in conjunction with real income decreased till 2000 and it has been increasing since then. Income and price elasticity figures for both periods show, that sport go...

This paper considers the relation between immigration and prices for a large number of cities across the world over the period from 1990 to 2006. Immigration is shown to have a negative impact on international relative prices. A 10 percent increase in the share of immigrant workers in total employment decreases the prices of final goods and services by more than 2.5 percent. Our results suggest...

where k = 1/V . This equation tells us that for any fixed money supply M, a negative relationship exists between the price level P and output Y , assuming that velocity V is fixed: the higher the price level, the lower the level of real balances and, therefore, the lower the quantity of goods and services demanded Y . In other words, the aggregate demand curve slopes downward. One way to unders...

Iran has experienced high food prices in recent years. This paper examines the welfare impacts of rising major food groups' prices on Iranian urban households using Quadratic Almost Ideal Demand System (QUAIDS) approach. The elasticity coefficients derived from QUAIDS are used to estimate Compensated Variations (CV).The study uses Iranian Household Expenditure and Income Survey (HEIS) raw data,...

We introduce the concept of Market Equilibria related to game theory. In the market, there exists sellers which sell divisible goods and buyers who have a desire to purchase some set of goods. Each buyer places a value on each of the goods in his list that relates to the importance of purchasing that specific good. At market equilibrium, no party (seller or buyer) has incentive to deviate from ...

Several information goods, such as movie distribution rights or newspapers, are sold either at spot prices, or through forward subscription buying. Our paper considers a firm that offers an information good through spot buying, or through forward buying at a reduced price, or a combination of the two. We propose a consumer decision-making model that captures the market reaction to such an offer...

Oil price shocks are the major source of economic instability in oil exporting developing countries, including Iran. In this paper a Multi Sector Dynamic Stochastic General Equilibrium model, with emphasis on optimization of oil sector as a producing sector is designed. Furthermore, an optimizing import sector is introduced into the model by considering the price rigidity in imported goods as a...