scholarly journals Price Stickiness under Stochastic Demand

2020 ◽  
pp. 109-117
Author(s):  
Sheng-Yeh Wu ◽  
Guan-Ru Chen
Keyword(s):  
Market Competition ◽  
Price Transmission ◽  
Price Rigidity ◽  
Retail Market ◽  
Monetary Policies ◽  
State Price ◽  
Asymmetric Price Transmission ◽  
Resale Price ◽  
Production Output ◽  
Fierce Competition

This study develops a two-period model in which the manufacturer determines a price floor and sets production output prior to resolution of uncertainty. The closer the distance between the minimum price and the high-demand-state price, the higher the degree of price rigidity. Solving for the minimum resale price and production output, the model indicates that asymmetric price transmission could be a characteristic of competitive markets. The retail price in a highly concentrated retail market might be lower than that in a retail market with fierce competition. The relationship between price adjustments and the market competition suggests that the reason underlying price rigidity should be considered while formulating the antitrust and monetary policies.

scholarly journals Asymmetric price transmission in the Japanese seafood market

2012 ◽  
Vol 78 (3) ◽  
pp. 468-478 ◽  
Author(s):  
YUTARO SAKAI ◽  
TORU NAKAJIMA ◽  
TAKAHIRO MATSUI ◽  
NOBUYUKI YAGI
Keyword(s):  
Price Transmission ◽  
Asymmetric Price Transmission

scholarly journals Measuring the Welfare Impact of Asymmetric Price Transmission

10.5109/17821 ◽  
2010 ◽  
Vol 55 (1) ◽  
pp. 181-189
Author(s):  
Shi Zheng ◽  
Douglas J. Miller ◽  
Susumu Fukuda
Keyword(s):  
Price Transmission ◽  
Welfare Impact ◽  
Asymmetric Price Transmission

Market concentration and market power of the Swedish mortgage Sector – a wavelet panel efficiency analysis

2018 ◽  
Vol 22 (4) ◽  
Author(s):  
Kristofer Månsson ◽  
Pär Sjölander ◽  
Ghazi Shukur
Keyword(s):  
Time Series ◽  
Interest Rates ◽  
Efficiency Analysis ◽  
Price Transmission ◽  
Unique Contribution ◽  
Data Set ◽  
Wavelet Method ◽  
Asymmetric Price Transmission ◽  
Mortgage Rates ◽  
Mortgage Lenders

AbstractBased on a panel wavelet efficiency analysis, we conclude that there is a systematic pattern of positive asymmetric price transmission inefficiencies in the interest rates of the largest Swedish mortgage lenders. Thus, there seems to be a higher propensity for mortgage lenders to swiftly increase their customers’ mortgage interest rates subsequent to an increase in its borrowing costs, than to decrease their customers’ mortgage rates subsequent to a corresponding decrease in the cost of borrowing. A unique contribution is our proposed wavelet method which enables a robust detection of positive asymmetric price transmission effects at various time-frequency scales, while simultaneously controlling for non-stationary trends, autocorrelation, and structural breaks. Since traditional time-series analysis methods essentially implies that several wavelet time scales are aggregated into one single time series, the blunt traditional error correction analysis totally failed to discover APT effects for this data set. In summary, using the wavelet method we show that even though the customers in the end finally will benefit from decreases in the mortgage lenders’ financing costs, the lenders wait disproportionally long before the customers’ mortgage rates are decreased.

scholarly journals Modeling asymmetric price transmission in the European food market

2019 ◽  
Vol 76 ◽  
pp. 216-230 ◽  
Author(s):  
Anthony N. Rezitis ◽  
Mike Tsionas
Keyword(s):  
Price Transmission ◽  
Asymmetric Price Transmission ◽  
Food Market

scholarly journals Interaction among actors in retail market competition in malang city

2018 ◽  
Vol 953 ◽  
pp. 012159
Author(s):  
B Kurniawan ◽  
M F Ma’ruf
Keyword(s):  
Market Competition ◽  
Retail Market

scholarly journals Asymmetric Price Transmission in the Indonesian Food Market

2020 ◽  
Vol 518 ◽  
pp. 012078
Author(s):  
Fitrotul Laili ◽  
Wiwit Widyawati ◽  
Putri Budi Setyowati
Keyword(s):  
Price Transmission ◽  
Asymmetric Price Transmission ◽  
Food Market

scholarly journals Two-stage DEA for Bank Efficiency Evaluation Considering Shared Input and Unexpected Output Factors

2020 ◽  
Vol 214 ◽  
pp. 01036
Author(s):  
Song Aifeng ◽  
Zhang XiaoYang ◽  
Huang Weilai ◽  
Yang xue ◽  
Yang Juan
Keyword(s):  
Market Competition ◽  
Data Envelopment ◽  
Efficiency Evaluation ◽  
Uncertain Information ◽  
Two Stage ◽  
Bank Efficiency ◽  
Dea Model ◽  
Stochastic Dea ◽  
Output Factors ◽  
Fierce Competition

With the increasingly fierce market competition, only by relying on high-quality products and high customer satisfaction can enterprises survive in the fierce competition. Among many evaluation methods, Data Envelopment Analysis (DEA), as a non-parametric statistical method to effectively deal with multi-input and multi-output problems, has received more and more attention in evaluating the relative efficiency of decision-making units. In the process of bank efficiency evaluation based on DEA method, there will be a situation that banks have both dual role factors and unexpected output factors. The Two-stage DEA model provides an effective analysis method to solve the problem of bank efficiency evaluation of complex organizational structure. In order to evaluate the efficiency of unexpected output with uncertain information, a stochastic DEA model of unexpected output is established.

Temporary Sales Prices and Asymmetric Price Transmission

Agribusiness ◽  
2016 ◽  
Vol 33 (1) ◽  
pp. 85-97 ◽  
Author(s):  
Said Tifaoui ◽  
Stephan von Cramon-Taubadel
Keyword(s):  
Price Transmission ◽  
Asymmetric Price Transmission

Discussion on Optimizing Internal Supply Chain of Chinese Enterprise

2013 ◽  
Vol 347-350 ◽  
pp. 1244-1248
Author(s):  
Wei Xia Yang
Keyword(s):  
Supply Chain ◽  
Market Competition ◽  
Optimization Strategy ◽  
Chinese Enterprise ◽  
Operation Process ◽  
Fierce Competition

At present, the competition between enterprises has become the competition between supply chains.Whether enterprises can survive in the fierce competition, that depends on the operation level of enterprise supply chain. This paper introduces the idea of internal supply chain.Firstly, the paper introduce the concept and characteristic of internal supply chain. Secondly it analyzes the problem originated from the operation process of internal supply chain and the cause of these problems. Finally, it puts forward some optimization strategy that can make the enterprise internal supply chain operate smoothly, so as to make enterprise more competitive in the market competition.

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