scholarly journals Is there a market power in the Philippine Rice Industry?

2020 ◽  
pp. 97-112
Author(s):  
Maria Hazel Bellezas ◽  
Jose Yorobe ◽  
lsabelita Paduayon ◽  
Prudenciano Gordoncillo ◽  
Antonio Alcantara
Keyword(s):  
Market Power ◽  
Demand Curve ◽  
Secondary Data ◽  
Stabilization Policy ◽  
Milled Rice ◽  
Elasticity Of Demand ◽  
Market Inefficiency ◽  
Time Series Approach ◽  
Structural Econometric Model ◽  
Structural Econometric

Rice, as a staple food for the Filipinos, is widely studied from production to consumption. However, observations of the National Food Authority domestic procurement and price stabilization policy, as well as results of the marketing and market-related studies, still reveal some gaps which call forth for an in-depth investigation and analysis. One ofthese is the possible presence ofmarket power, a market inefficiency in rice. Hence, this study aimed to ascertain the presence of market power in the Philippine rice industry. Secondary data published by the Philippine Statistics Authority from 1990 to 2015 were utilized. A structural econometric model using a time series approach was used in estimating the presence of market power. Results revealed the presence of market power in non-major rice-producing regions for well-milled and regular-milled rice in major rice-producing areas. The more the demand curve becomes inelastic the more the market power becomes apparent. The price elasticity of demand in the non-major rice-producing regions is -0.63 for both well-milled and regular-milled rice and -0.83 and -0.59, respectively, in the major rice producing areas. To minimize, if not solve market power, a substitute staple for rice may be introduced, programs/policies that will encourage more palay traders may be implemented, and farmers may be trained to operate like industry clusters.

Matching Returning Donors to Projects on Philanthropic Crowdfunding Platforms

2021 ◽  
Author(s):  
Yicheng Song ◽  
Zhuoxin Li ◽  
Nachiketa Sahoo
Keyword(s):  
Unique Feature ◽  
Econometric Model ◽  
Current System ◽  
Personalized Recommendation ◽  
Data Set ◽  
Proposed Model ◽  
K 12 ◽  
Structural Econometric Model ◽  
Structural Econometric ◽  
Data Period

We propose an approach to match returning donors to fundraising campaigns on philanthropic crowdfunding platforms. It is based on a structural econometric model of utility-maximizing donors who can derive both altruistic (from the welfare of others) and egoistic (from personal motivations) utilities from donating—a unique feature of philanthropic giving. We estimate our model using a comprehensive data set from DonorsChoose.org—the largest crowdfunding platform for K–12 education. We find that the proposed model more accurately identifies the projects that donors would like to donate to on their return in a future period, and how much they would donate, than popular personalized recommendation approaches in the literature. From the estimated model, we find that primarily egoistic factors motivate over two-thirds of the donations, but, over the course of the fundraising campaign, both motivations play a symbiotic role: egoistic motivations drive the funding in the early stages of a campaign when the viability of the project is still unclear, whereas altruistic motivations help reach the funding goal in the later stages. Finally, we design a recommendation policy using the proposed model to maximize the total funding each week considering the needs of all projects and the heterogeneous budgets and preferences of donors. We estimate that over the last 14 weeks of the data period, such a policy would have raised 2.5% more donation, provided 9% more funding to the projects by allocating them to more viable projects, funded 17% more projects, and provided 15% more utility to the donors from the donations than the current system. Counterintuitively, we find that the policy that maximizes total funding each week leads to higher utility for the donors over time than a policy that maximizes donors’ total utility each week. The reason is that the funding-maximizing policy focuses donations on more viable projects, leading to more funded projects, and, ultimately, higher realized donors’ utility. This paper was accepted by Kartik Hosanagar, information systems.

scholarly journals ANALISIS PERMINTAAN KEDELAI DI INDONESIA

2017 ◽  
Vol 12 (1) ◽  
pp. 42
Author(s):  
Septi Rostika Anjani ◽  
Dwidjono Hadi Darwanto ◽  
Jangkung Handoyo Mulyo
Keyword(s):  
Regression Analysis ◽  
Capita Income ◽  
Income Elasticity ◽  
Descriptive Analysis ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Per Capita Income ◽  
Elasticity Of Demand ◽  
Per Capita ◽  
Income Elasticity Of Demand

This study aims to analyze the factors that influence the demand of soybean in Indonesia. The research method uses descriptive analysis of secondary data which includes the price of imported soybeans, the price of chicken, per capita  income,  the rate of inflation and import tariff policy  year period 1980-2013 which sourced from FAO  and  other  sources.  Estimation  of  demand  function  using  multiple  linear regression  analysis  were  transformed  in  the  form  of  natural  logarithm.  Regression analysis showed that soybean demand in Indonesia was influenced partially by prices of chicken, per capita income, and the rate of inflation. The price elasticity of demand of soybean in Indonesia is inelastic, that is equal 0,22. While the income elasticity of demand  for  soybeans  is  positive  which  means  that  soy  is  a  staple  item  for  the Indonesian people.

scholarly journals El Paso Housing Sector Econometric Forecast Accuracy

2008 ◽  
Vol 40 (01) ◽  
pp. 385-402 ◽  
Author(s):  
Thomas M. Fullerton ◽  
Brian W. Kelley
Keyword(s):  
Econometric Model ◽  
El Paso ◽  
Forecast Accuracy ◽  
Recent Analysis ◽  
Housing Sector ◽  
Residential Real Estate ◽  
Track Record ◽  
Housing Starts ◽  
Structural Econometric Model ◽  
Structural Econometric

There is comparatively little empirical evidence regarding the accuracy of regional housing sector forecasts. Much of the recent analysis conducted for this topic is developed for housing starts and indicates a relatively poor track record. This study examines residential real estate forecasts previously published for El Paso, TX using a structural econometric model. Model coverage is much broader than just starts. Similar to earlier studies, the previously published econometric predictions frequently do not fare very well against the selected random walk benchmarks utilized for the various series under consideration.

scholarly journals On the Extent to which the Presence of Intermediate-stop(s) Air Travel Products Influences the Pricing of Nonstop Air Travel Products

2014 ◽  
Vol 13 (3) ◽  
Author(s):  
Philip G. Gayle ◽  
Chi-Yin Wu
Keyword(s):  
Econometric Model ◽  
Air Travel ◽  
Structural Econometric Model ◽  
Structural Econometric

AbstractAnalysts of air travel markets, which include antitrust authorities, are interested in understanding the extent to which the presence of intermediate stop(s) products influences the pricing of nonstop products. This paper uses a structural econometric model to investigate the potential pricing interdependence between these two product types in domestic air travel markets. Counterfactual experiments using the estimated model suggest that in many (but far from a majority) markets the current prices of nonstop products are at least 5% lower than they would otherwise be owing to the presence of intermediate-stop(s) products.

A structural econometric model of Czechoslovakia: 1954–1975

1979 ◽  
Vol 4 (3) ◽  
pp. 199-219 ◽  
Author(s):  
J. Brada ◽  
A. E. King
Keyword(s):  
Econometric Model ◽  
Structural Econometric Model ◽  
Structural Econometric

scholarly journals Measuring the Intensity of Competition in the Japanese Beef Market

2004 ◽  
Vol 36 (1) ◽  
pp. 113-121 ◽  
Author(s):  
Michael R. Reed ◽  
Sayed H. Saghaian
Keyword(s):  
New Zealand ◽  
Market Power ◽  
Marginal Cost ◽  
Demand Curve ◽  
Market Demand ◽  
Demand Model ◽  
Market Segments ◽  
Residual Demand ◽  
Intensity Of Competition ◽  
Beef Market

A residual demand model for beef exports to Japan is specified and estimated. The objective is to estimate the extent of market power. It is assumed that each exporting country faces a downward-sloping residual demand curve, which reflects the market demand minus the supplies of competitors, and that exporters maximize profit through their output decisions. The analysis is disaggregated by beef cut and form to capture the variation by beef market segments. The results indicate that the highest markup of price over marginal cost belongs to U.S. frozen ribs, the only indication of market power by U.S. exporters. Canada is found to have limited market power, whereas Australia and New Zealand enjoy some market power, including five chilled beef categories.

scholarly journals Tingkat Persaingan pada Industri Tembakau dan Dampaknya terhadap Petani Tembakau (Studi Kasus Industri Tembakau Madura)

2018 ◽  
Vol 3 (1) ◽  
pp. 101
Author(s):  
Bondan Satriawan
Keyword(s):  
Market Power ◽  
Strategic Behavior ◽  
Tobacco Industry ◽  
Secondary Data ◽  
Linear Structure ◽  
Farmer Welfare

This study tries to explore the degree of competition in tobacco Industry in Madura. By doing so, this study examines the competition in all markets of the distributional levels of Madura’s tobacco, from farmer to tobacco’s final user. In addition, for every market of the distributional level, the discussion is focused on the competition among the sellers themselves, the buyers themselves and also the consequences for the sellers and the buyers in terms of price, strategic behavior and profit. Linear “Structure-Conduct-Performance (S-C-P)’ model is being used as the main framework in this study. Additionally, this study uses primary and secondary data. Furthermore, this study shows that in the upstream industry of tobacco, the degree of competition is almost perfect, and as it gets closer to the downstream industry of tobacco the degree of competition is close to monopoly. Hence, the closer  a firm to the upstream industry of tobacco, the profit is less, and as it gets closer to the downstream industry of tobacco, the profit is much higher, as well as its monopoly or market power. In turn, this condition is negatively impacting the tobacco farmer welfare as the upstream firm.

scholarly journals THE PROBLEM OF GEOGRAPHICAL DELIMITATION OF AGRI-FOOD MARKETS: EVIDENCE FROM THE BUTTER MARKET IN EUROPEAN UNION

2018 ◽  
Vol 17 (3) ◽  
pp. 85-95 ◽  
Author(s):  
Michał Pietrzak ◽  
Monika Roman
Keyword(s):  
European Union ◽  
Supply Chain ◽  
Market Power ◽  
Spatial Competition ◽  
Secondary Data ◽  
Agricultural Markets ◽  
Food Markets ◽  
Geographical Dimension

Although market is a basic economic category, many studies neglect the need to define it in geographical dimension. It is fundamentally important in agribusiness, where the spatial competition and problem of market power at successive stages of supply chain occur. The aims of the paper are twofold: to discuss the problem of geographical delimitation of agricultural markets and to define geographic limits of the butter market based on Elzinga–Hogarty method. Using secondary data we find that the butter market is international in the scope, and after the abolition of the milk quota, this scope is evolving from European to semi-global.

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