The pricing behavior comparison of Canada and Australia exporter in wheat international market using Pricing to Market (PTM) and Residual Demand Elasticity (RDE)

AbstractChina has become the largest importer of roundwood and lumber products in recent years. In this study, the degree of competition among major supplying countries in China's import market is measured through the inverse residual demand elasticity over 1995–2015. Time-series properties of the data are considered through the autoregressive distributed lag model. The analysis reveals that market power exists in roundwood and lumber markets for a few supplying countries. The suppliers in the lumber import market have more market power than those in the roundwood market. Individual countries with substantial market power have more fluctuations in trading volumes.

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Exchange-rate fluctuation and pricing behavior in China’s wood-based panel exporters: evidence from panel data

Canadian Journal of Forest Research ◽

10.1139/cjfr-2017-0085 ◽

2017 ◽

Vol 47 (10) ◽

pp. 1392-1404 ◽

Cited By ~ 1

Author(s):

Fang Wang ◽

Zhonghua Yin ◽

Jianbang Gan

Keyword(s):

Exchange Rate ◽

Panel Data ◽

International Market ◽

Market Model ◽

Exchange Rate Fluctuation ◽

Pricing To Market ◽

Rate Fluctuation ◽

Pricing Behavior ◽

The Exchange Rate ◽

The Impact

As the largest wood-based panel producing and exporting country, China has experienced sharp reductions in the growth rate of its wood-based panel exports because of pressure caused by exchange-rate fluctuation. These fluctuations were exacerbated by the global financial crisis. China’s wood-based panel exporters need to adjust their pricing strategy to cope with the changes of international market conditions. Thus, it is necessary to investigate the relationship between exchange-rate fluctuation and the pricing behavior of China’s wood-based panel exporters. To evaluate the impact of the exchange rate on China’s wood-based panel export prices across multiple destinations, a pricing-to-market model incorporating panel data was used. The empirical results suggest that although complete exchange-rate pass-through exists widely in China’s wood-based exports, China’s fiberboard and plywood exporters tended to adopt different pricing strategies in the international wood-based panel market during the post-crisis era. China’s fiberboard exporters often used the pricing-to-market model to determine prices in the main export destination countries, while China’s plywood exporters tended to amplify the exchange-rate effects. This indicates that China’s plywood exporters have stronger international market power than China’s fiberboard exporters, partly because China’s plywood exporters have more advantages in terms of skilled labor.

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Russian Market Power in International Wheat Exports: Evidence from a Residual Demand Elasticity Analysis

Journal of Agricultural & Food Industrial Organization ◽

10.1515/jafio-2016-0026 ◽

2018 ◽

Vol 17 (2) ◽

Author(s):

Kerstin Marit Uhl ◽

Oleksandr Perekhozhuk ◽

Thomas Glauben

Keyword(s):

Market Power ◽

Demand Elasticity ◽

North African ◽

African Region ◽

Export Markets ◽

Russian Market ◽

Market Shares ◽

Residual Demand ◽

Dominant Market Position ◽

Residual Demand Elasticity

Abstract Russia has emerged as a major wheat exporter since the beginning of the 2000s, and today, it possesses high market shares in several wheat-importing countries in the Middle East and North African region. This has raised concerns that Russia might abuse its dominant market position by pricing above marginal cost. Using a novel dataset with weekly information on Russian wheat exports, we apply the residual demand elasticity method to analyze the pricing behavior of Russia in its two most important export markets, i. e. Egypt and Turkey. Our estimation results reveal that Russia behaves competitively in Egypt while it exerts market power in Turkey with an estimated mark-up of 13.5 %.

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The Demand For NFL Attendance: A Rational Addiction Model

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v8i12.777 ◽

2010 ◽

Vol 8 (12) ◽

Author(s):

Erin LeAnne Spenner ◽

Aju J. Fenn ◽

John R. Crooker

Keyword(s):

National Football League ◽

Demand Elasticity ◽

Rational Addiction ◽

Data Set ◽

Current Period ◽

Pricing Behavior ◽

Pricing Power ◽

Profit Maximizing ◽

Rational Addiction Model ◽

Price Demand

This paper examines the demand for attendance at National Football League (NFL) games using a rational addiction model to test the hypothesis that professional football displays the properties of a habit-forming good.  Rational addiction theory suggests that past and future consumption play a part in determining the current period’s consumption for habit-forming goods.  Additionally, we postulate the behavioral implications of profit-maximizing ticket pricing behavior by NFL teams.  Previous studies have been unable to detect pricing power by NFL teams.  Our model of pricing power allows us to identify theoretically- anticipated pricing behavior.  A pooled data set is collected using statistics from each NFL team from the 1983 to the 2008 seasons.  Current attendance is modeled as a function of team specific variables, including past and future attendance, ticket price, and team performance.  The model is estimated using Two-Stage Least Squares (2SLS).  We also treat the censored nature of ticket demand as NFL teams frequently experience sell-outs.  It is found that past and future attendance, winning percentage, the age of the stadium in which a team plays, and own-price demand elasticity influence attendance.  The fact that coefficients for past and future attendance are positive and significant in this analysis lends support to the notion that NFL fans display characteristics of rational addiction in their consumption behavior.  Further, we find evidence to support profit-maximizing behavior in ticket sales.

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Pricing behavior of USA exporter in wheat international market

IOP Conference Series Earth and Environmental Science ◽

10.1088/1755-1315/122/1/012019 ◽

2018 ◽

Vol 122 ◽

pp. 012019

Author(s):

R P Wibowo ◽

Sumono ◽

Y Iddrisu ◽

M Darus ◽

L P Sihombing ◽

...

Keyword(s):

International Market ◽

Pricing Behavior

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THE POTENTIAL OF THE UKRAINIAN ENTERPRISES AT THE NATIONAL AND INTERNATIONAL MARKET OF FRUIT AND BERRY PRODUCTION

Economy and Society ◽

10.32782/2524-0072/2018-19-65 ◽

2018 ◽

Author(s):

I.V. Kolokolchykova

Keyword(s):

International Market

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Determinants of Brazilian Exports by Levels of Technological Intensity: A Gravity Model Analysis Using the PPML Estimator

Journal of Business and Economics ◽

10.15341/jbe(2155-7950)/09.10.2019/007 ◽

2019 ◽

Vol 10 (9) ◽

pp. 861-879

Author(s):

Edson Roberto Vieira ◽

◽

Daniel Henrique Alves Reis ◽

Keyword(s):

International Market ◽

Positive Influence ◽

Gravity Models ◽

Transport Costs ◽

Consumer Market ◽

Technology Products ◽

The Us ◽

Trading Partners ◽

Negative Impacts ◽

Technological Intensity

The objective of this study is to analyze the determinants of Brazilian exports by levels of technological intensity in the period 2000-2015. Gravity models were estimated for total of the exports and for each type of exports by levels of technological intensity, using the PPML-estimator. The study indicates that there is a process of concentration of Brazilian exports in low technology and medium-low technology products, at the same period in which China's share of total Brazilian shipments abroad grew. Estimates of empirical gravity models have shown that the income and size of the consumer market of Brazil’s trading partners seem to have the greatest positive influence on the Brazilian exports. Indications of this study are that the Brazil should continue to diversify its trading partners to minimize the impacts of a possible reduction of the economic growth of large trading partners (such as China and the US) on its exports and increase its exports of products with greater technological intensity. The results also highlight the need for Brazil to make greater efforts to increase its competitiveness in the international market to reduce the negative impacts of transport costs on the final prices of products exported by the country.

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An Estimation of Endogenous Formaldehyde Exposure due to Consumption of Indonesian Opah Fish (Lampris guttatus) in Three Major Export Destination Countries

SQUALEN Bulletin of Marine and Fisheries Postharvest and Biotechnology ◽

10.15578/squalen.v14i1.369 ◽

2019 ◽

Vol 14 (1) ◽

pp. 1 ◽

Cited By ~ 1

Author(s):

Umi Anissah ◽

Ajeng Kurniasari Putri ◽

Giri Rohmad Barokah

Keyword(s):

Risk Assessment ◽

Health Risks ◽

Health Problem ◽

International Market ◽

Formaldehyde Content ◽

Export Volume ◽

Formaldehyde Exposure ◽

Export Destination ◽

Export Product ◽

Over Time

The demand for Indonesian opah fish as an export product is increasing in the international market. Three countries (Malaysia, Mauritius, and Taiwan) recorded as the leading export destination of Indonesian opah fish. However, as the fish kept in a frozen state during export transportation, the endogenous formaldehyde may increase over time. This research presented the health risk assessment of population in the leading export destination countries that consumed opah fish from Indonesia. The study aimed to reveal the most potential export destination country that may accept an increasing volume of opah fish supply from Indonesia. The potency was determined from current export volume, the amount of endogenous formaldehyde content, and fish consumption at each country. The data were calculated with @Risk®7.0 software. The results showed opah fish consumed by Malaysian can be categorized as safe. Increasing the number of opah fish imported by Malaysian as much as six times, 12 times, 18 times, 27 and 36 times relatively does not cause health risks related to the presence of its endogenous formaldehyde. Moreover, opah fish consumed by Taiwanese is also safe, but with increasing the number of consumptions by more than 26 times is suspected to be potentially causing a health problem. However, opah fish consumed in Mauritius was categorized as unsafe and potentially caused health risks. Based on these results, Indonesia may consider to increase the opah fish export to Malaysia and Taiwan in the future.

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Pricing-to-Market and the Failure of Absolute PPP

CFA Digest ◽

10.2469/dig.v41.n3.8 ◽

2011 ◽

Vol 41 (3) ◽

pp. 29-30

Author(s):

Andrew Boral

Keyword(s):

Pricing To Market

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