scholarly journals Price Determination in a Competitive Industry with Costly Information and a Production Lag

1985 ◽  
Vol 16 (1) ◽  
pp. 127 ◽  
Author(s):  
Reuven Glick ◽  
Clas Wihlborg
Keyword(s):  
Price Determination ◽  
Costly Information ◽  
Competitive Industry

Identifying Key Fraud Indicators in the Automobile Insurance Industry Using SQL Server Analysis Services

2019 ◽  
Vol 64 (2) ◽  
pp. 53-71
Author(s):  
Botond Benedek ◽  
Ede László
Keyword(s):  
Neural Network ◽  
Decision Tree ◽  
Naive Bayes ◽  
Insurance Industry ◽  
Naïve Bayes ◽  
Sql Server ◽  
Categorical Variables ◽  
Automobile Insurance ◽  
Price Determination ◽  
Mining Tool

Abstract Customer segmentation represents a true challenge in the automobile insurance industry, as datasets are large, multidimensional, unbalanced and it also requires a unique price determination based on the risk profile of the customer. Furthermore, the price determination of an insurance policy or the validity of the compensation claim, in most cases must be an instant decision. Therefore, the purpose of this research is to identify an easily usable data mining tool that is capable to identify key automobile insurance fraud indicators, facilitating the segmentation. In addition, the methods used by the tool, should be based primarily on numerical and categorical variables, as there is no well-functioning text mining tool for Central Eastern European languages. Hence, we decided on the SQL Server Analysis Services (SSAS) tool and to compare the performance of the decision tree, neural network and Naïve Bayes methods. The results suggest that decision tree and neural network are more suitable than Naïve Bayes, however the best conclusion can be drawn if we use the decision tree and neural network together.

Intra-sectoral and Intersectoral Parity Issues in Pricing of Agricultural Crops: A Preliminary Analysis

1987 ◽  
Vol 26 (4) ◽  
pp. 401-417
Author(s):  
Sarfraz K. Qureshi
Keyword(s):  
Preliminary Analysis ◽  
Agricultural Sector ◽  
Terms Of Trade ◽  
Agricultural Crops ◽  
Allocation Of Resources ◽  
Price Determination ◽  
Policy Makers ◽  
The Government ◽  
Distribution Of Income ◽  
Over Time

Intersectoral terms of trade play a cruc1al role in determining the sectoral distribution of income and resource allocation in the developing countries. The significance of intra-sectoral terms of trade for the allocation of resources within the agricultural sector is also widely accepted by research scholars and policy-makers. In the context of planned development, the government specifies production targets for the agricultural sector and for different crops. The intervention of government in the field of price determination has important implications for the achievement of planned targets. In Pakistan, there is a feeling among many groups including farmers and politicians with a rural background that prices of agricultural crops have not kept their parities intact over time and that prices generally do not cover the costs of production. The feeling that production incentives for agriculture have been eroded is especially strong for the period since the early 1970s. It is argued that strong inflationary pressures supported by a policy of withdrawal of government subsidies on agricultural inputs have resulted in rapid increases in the prices paid by agriculturists and that increases in the prices received by farmers were not enough to compensate them for the rising prices of agricultural inputs and consumption goods.

Costly Information and Random Choice

2019 ◽  
Author(s):  
Jetlir Duraj ◽  
Yi-Hsuan Lin
Keyword(s):  
Random Choice ◽  
Costly Information

Fish Price Determination Around Lake Victoria, Tanzania: Analysis of Factors Affecting Fish Landing Price

2021 ◽  
Vol 22 (2) ◽  
pp. 348-363
Author(s):  
Damian Boniface Sambuo ◽  
Stephen Kirama ◽  
Kitala Malamsha
Keyword(s):  
Lake Victoria ◽  
Regulatory Body ◽  
Price Determination ◽  
Cross Sectional ◽  
Factors Affecting ◽  
Fish Market ◽  
Fishery Policy ◽  
The Government ◽  
And Performance

Determination of fish landing price is important, as the same contributes to the structure, conduct and performance of the fish market in Lake Victoria. Determination of relevant landing price is a gap to console between fishermen, agents (middlemen), processors and the government. The main objective of this study was therefore to examine fish price determination. Specifically, to examine the methods for fish price determination and analyse factors that affect fish landing price in Lake Victoria, a cross-sectional design was employed, and 300 respondents were randomly selected from two district councils, namely, Sengerema and Buchosa. Both qualitative and quantitative data were analysed using descriptive statistics and inferential analysis. Findings show that landing price is determined through formal negotiation with processors, consultation with other traders, informal negotiation with buyers and Beach Management Unit (BMU). The study concluded that these are the common methods used to determine landing prices. Also, distance from fishing to onshore landing centres, market information channels, age and experiences of the fishermen are the factors significantly found affecting landing price. It is recommended that the mechanism for setting up fishery price, fish market structure, fishery information and the formation of fishery regulatory body needs fishery policy and sector reforms that mark the determination of fish landing price.

scholarly journals Price of human life: Medical, legal and social aspects

2018 ◽  
Vol 51 ◽  
pp. 01016
Author(s):  
Andrejs Vilks
Keyword(s):  
Human Life ◽  
Legal Aspect ◽  
Legal Issues ◽  
Economic Conditions ◽  
Social Aspects ◽  
Price Determination ◽  
Loss Of Life ◽  
Insurance Costs ◽  
Philosophical Aspect

The author of the article turns attention to the phenomenon of human life, recognizing it as the value which is hard and complicated to define. The price of a human life comprises philosophical, political, sociological and legal issues. From the legal and philosophical aspect the price of a human life is practically impossible to determine, since it is worth the highest price. Determination of the price of human life means admitting that a human is the measure of value in a certain community under appropriate socially economic conditions. Different approaches and methodologies are applied in determination of a materialized price of a human life, therefore the rating of the price is varied. In determining the price of a human life, the legal aspect is important, since it deals with the fixation of the amount of compensations in cases of an individual's loss of life and calculations of the insurance costs.

Costly Information Disclosure in Oligopoly

2004 ◽  
Vol 52 (1) ◽  
pp. 121-132 ◽  
Author(s):  
Insuk Cheong ◽  
Jeong-Yoo Kim
Keyword(s):  
Information Disclosure ◽  
Costly Information
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