scholarly journals Credit Card Surcharges And Relative Price Differentials Across Various Market Structures

2012 ◽  
Vol 10 (12) ◽  
pp. 699 ◽  
Author(s):  
David Gordon
Keyword(s):  
Credit Card ◽  
Relative Price ◽  
Font Size ◽  
Relative Prices ◽  
Market Structures ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Price Differentials ◽  
Base Price ◽  
The Relationship

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none;" class="MsoNormal"><span style="color: black; font-size: 10pt; mso-themecolor: text1;"><span style="font-family: Times New Roman;">Recent changes in federal credit card laws will lead to higher prices for consumers and heftier profits for retailers especially in monopolistic markets. This is due to the way that the surcharges are usually levied which is as a percentage of the base price of the good or service. This paper explains how prices are formed by a profit maximizing firm under the assumption of a production function that is homogeneous of degree one. This paper also demonstrates the relationship between markups and the price elasticity of demand. An analysis of how the new credit card rules would impact relative prices in markets of varying levels of competition is then performed.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

A Note on R&D and Price Elasticity of Demand

2005 ◽  
Vol 225 (6) ◽  
Author(s):  
Dorothea Lücke ◽  
Philipp J.Η. Schröder ◽  
Dieter Schumacher
Keyword(s):  
Exchange Rate ◽  
Price Elasticity ◽  
Empirical Investigation ◽  
Fixed Cost ◽  
Export Demand ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Exchange Rate Changes ◽  
Industrialised Countries ◽  
The Relationship

SummaryThis note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We introduce the concept of R&D intensity into a standard Dixit- Stiglitz/Krugman-type setting. R&D activity is treated as a fixed cost of production. Within this framework, sectors with a higher R&D intensity show a lower price elasticity of demand. This proposition is confirmed by an empirical investigation of export demand for manufactured goods from major industrialised countries. Consequently, real exchange rate changes have an impact on the commodity structure of exports.

scholarly journals Physical and expenditure formulations of demand functions and evaluations of price demand elasticity

2012 ◽  
Vol 60 (2) ◽  
pp. 379-382 ◽  
Author(s):  
Pavel Syrovátka
Keyword(s):  
Price Elasticity ◽  
Demand Elasticity ◽  
Demand Functions ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Consumer Markets ◽  
Physical Form ◽  
Demand Sensitivity ◽  
Price Demand ◽  
The Relationship

Studies of the demand relations on the consumer markets bring much useful information. The concept of the elasticity coefficients is frequently used for the quantitative analysis of the demand sensitivity. Formulation of the investigated demand functions is very important for the evaluation of the demand elasticity. Within net consumer demand (consumer purchase), it is possible to differentiate the physical and expenditure forms of the demand functions. The paper is focused on the theoretical and methodological backgrounds of the evaluation of price-demand elasticity under the physical and expenditure definitions of the demand relationships. In this paper, the relationship between the coefficient of the price elasticity of demand in the physical form and the coefficient of the price elasticity of demand in the expenditure form is determined and studied. The derived formula is tested using the USDA database.

scholarly journals The Price Elasticity of Demand of Australian Urban Residential Consumers and Water Restrictions

2020 ◽  
Vol 13 (3) ◽  
pp. 153
Author(s):  
Malcolm Abbott ◽  
My Tran
Keyword(s):  
Market Power ◽  
Price Elasticity ◽  
Large Change ◽  
Urban Centers ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Water Restrictions ◽  
The Relationship ◽  
Residential Consumers

The aim of this article is to provide derived estimates of the price elasticity of demand for water for residential urban consumers in Australia over the years 2005/06 to 2016/17. The results of the study indicate that higher water and sewerage prices, bundled together, are associated with lower demand for water. The relationship, therefore, between the prices of water and sewerage and demand for water is a negative one.&nbsp; This relationship, however, is a relatively inelastic one, that is a large change in price is required before there is much of a change in demand for water.&nbsp; With the supply of water in most Australian urban centers are controlled by monopoly suppliers this means that there is some scope for water restrictions to negate this market power.

scholarly journals Attitudes And Assets: An Investigation Of The Causes Of Personal Bankruptcy

2011 ◽  
Vol 3 (6) ◽  
Author(s):  
J. Roberto A. DeMagalhaes ◽  
Pamela Stokes
Keyword(s):  
Credit Card ◽  
Descriptive Study ◽  
South Texas ◽  
Credit Card Debt ◽  
Font Size ◽  
Personal Bankruptcy ◽  
Financial Problems ◽  
Financial Difficulties ◽  
Attitudinal Factors ◽  
The Relationship

<p class="MsoNormal" style="text-align: justify; margin: 0in 42pt 0pt 34.2pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">This descriptive study focuses on Chapter 13 bankruptcy filers in South Texas. Our survey asked respondents to identify the main reasons for the financial problems that lead to declaring bankruptcy. We also asked questions about certain attitudinal factors that may have contributed to their financial difficulties: what income they believed they needed to live comfortably, their opinions about credit card debt, and the relationship between money and happiness. Our study identifies issues that should be considered by creditors, legislators, professional advisors, and educators to help persons avoid bankruptcy.</span></span></p>

Tourism, insularity, and remoteness: A gravity-based approach

2019 ◽  
Vol 26 (5) ◽  
pp. 792-808
Author(s):  
Vincent Dropsy ◽  
Christian Montet ◽  
Bernard Poirine
Keyword(s):  
Positive Impact ◽  
Small Island ◽  
Special Focus ◽  
Common Language ◽  
Small Islands ◽  
Relative Prices ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
The One ◽  
Tourism Flows

This study investigates the sensitivity of bilateral tourism flows to distance, relative prices, and cultural and political proximity variables, with a special focus on small island destinations, using a gravity model. We find that these flows are negatively affected by larger distances between origin and destination countries and by lower gross domestic product (GDP) in both countries. There are significant differences between our subset of islands and other nations. On the one hand, small islands have higher elasticities of demand with regard to distance and destination GDP and are at a disadvantage compared to other destinations since they are small and remote. Furthermore, they have a much higher price elasticity of demand. On the other hand, sharing a common language and a common colonial past with the origin country has a greater positive impact on tourism flows to small islands than to other countries.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

Competitive and Complementary Relations in International Travel: The Case of British Travel to Cyprus

2019 ◽  
Vol 10 (5) ◽  
pp. 395-420
Author(s):  
Petros Anastasopoulos ◽  
Keyword(s):  
Strong Association ◽  
International Travel ◽  
Relative Price ◽  
Annual Data ◽  
Export Demand ◽  
Relative Prices ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Mediterranean ◽  
Demand Equations

This is an econometric analysis of demand for travel to Cyprus by Britons. We examined the competitive and complementary relations between travel to Cyprus and other well-established travel destinations in the Mediterranean basin. Because many package tours include several countries in their destinations within a given journey, and because individual travelers find it more advantageous to visit more than one country in a single trip, it may be meaningful to examine international travel within the contest of groups of countries rather than a single country competing for international travelers. Specifically, we provide an analysis of the competitive and complementary relations existing between the tourism sectors of Cyprus and that of Greece, Spain and Portugal for British travelers. We provide estimates of income and relative price elasticities based of export demand equations upon annual data from 1980-2016. We tested for the stationarity of the variables and derived estimates of the Vector Error Correction Model (VECM). These tests confirm a strong association between the incomes of Britons and their decision to travel to Cyprus. Furthermore, we show the relative prices between Cyprus and other competing destinations in the Mediterranean to play an important role in determining British travel to Cyprus.

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

Intersectoral Terms of Trade for Pakistan's Economy: 1970-71 - 1981-82

1987 ◽  
Vol 26 (1) ◽  
pp. 81-105
Author(s):  
Shahnaz Kazi
Keyword(s):  
Terms Of Trade ◽  
Relative Price ◽  
Price Ratio ◽  
Sectoral Output ◽  
The Relationship

The paper estimates intersectoral terms of trade for the period from 1970-71 to 1981-82. On the basis of these results the study further analyses the relationship between terms of trade and aggregate farm output over the period. The findings indicate some improvement in agriculture's terms of trade over the Seventies. However, no conclusive support is provided to the hypothesis of high supply responsiveness of aggregate farm output to shifts in the relative price ratio of sectoral output.

On the Price Elasticity of Demand for Patents

2010 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Bruno van Pottelsberghe de la Potterie
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand
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