The Dissonance Tourist Demand Prices. The Evolution of Romanian Tourist Packages to Turkey and Egypt Destination, During the COVID-19 Pandemic

The travel industry and tourism can rightly be considered the most affected branches of the global economy in the COVID-19 era, the tourism market registering the sharpest post-war decline with significant disruptions to the supply-demand ratio. An analysis of the tourist offers promoted by two of the most prolific tour operators in Romania states a strategic endurance approach based on psychological prices easily predictable, but focused on regaining a large segment of Romanian tourists who before 2020 practiced outgoing tourism . Turkey and Egypt are considered the destinations of the pandemic moment, the most appreciated in a state of continuous uncertainty, insecurity and reluctance to travel. During the years 2019-2020, the price offers of the Romanian tour operators did not register major changes, even if the outgoing tourist packages experienced, in full pandemic, conjunctural oscillations with reasonable decreases of prices followed, in some places, by price increases meant to suggest an intensification of tourist consumption with the lifting of the lockdown in various countries and the announcement of the first measures of social relaxation. The measures regarding the vaccination and the immunization of the population determined the Romanian tourists to react positively to the inner, urgent desire to travel regardless of the effects of the COVID-19 pandemic and the temporary restrictions determined by it.

Energy crypto currencies and leading U.S. energy stock prices: are Fibonacci retracements profitable?

This paper investigates the role of Fibonacci retracements levels, a popular technical analysis indicator, in predicting stock prices of leading U.S. energy companies and energy cryptocurrencies. The study methodology focuses on applying Fibonacci retracements as a system compared with the buy-and-hold strategy. Daily crypto and stock prices were obtained from the Standard & Poor's composite 1500 energy index and CoinMarketCap between November 2017 and January 2020. This study also examined if the combined Fibonacci retracements and the price crossover strategy result in a higher return per unit of risk. Our findings revealed that Fibonacci retracement captures energy stock price changes better than cryptos. Furthermore, most price violations were frequent during price falls compared to price increases, supporting that the Fibonacci instrument does not capture price movements during up and downtrends, respectively. Also, fewer consecutive retracement breaks were observed when the price violations were examined 3 days before the current break. Furthermore, the Fibonacci-based strategy resulted in higher returns relative to the naïve buy-and-hold model. Finally, complementing Fibonacci with the price cross strategy did not improve the results and led to fewer or no trades for some constituents. This study’s overall findings elucidate that, despite significant drops in oil prices, speculators (traders) can implement profitable strategies when using technical analysis indicators, like the Fibonacci retracement tool, with or without price crossover rules.

Impact of food price increases on poverty in Indonesia: empirical evidence from cross-sectional data

PurposeUsing cross-sectional household survey data, this paper aims to determine the impact of food price increases on poverty in Indonesia.Design/methodology/approachThis paper uses the quadratic almost ideal demand system applied to the 2013 Indonesian household survey data. The impact of food price increase on household welfare is calculated using a welfare measure, compensating variation.FindingsThree food groups with the most outstanding price impact on poverty are rice, vegetables and fish were studied. The 20% increase in the price of each food group causes an increase in the headcount ratio by 1.360 points (rice), 0.737 points (vegetables) and 0.636 points (fish). Maintaining food price stability for these food groups is very important because the more price increases, the more impact on poverty. Food price policies in rural areas are also more critical than in urban areas because the impact of food price increases in rural areas is higher.Research limitations/implicationsThis paper does not consider the positive impact of rising food prices on food-producing households.Practical implicationsImplementing appropriate poverty alleviation policies through food policies for main food groups and social protection.Social implicationsPromoting rural development policies and agricultural growth.Originality/valueThis paper contributes to the existing literature by providing empirical results regarding the impact of domestic food prices increase on poverty in Indonesia.

House price revival may drag on Israel’s economy

Significance Short-term government policies have consistently failed to contain price increases, much less lower them. As a result, sharply rising housing prices over more than a decade have raised costs for many families. Impacts The growing need to meet climate change-related targets may slow the infrastructure development needed to expand housing supply. Housing affordability could re-emerge as a major political issue. The post-pandemic era may spur changes to the housing market, easing price pressures in urban areas that experienced the sharpest increases.

Pricing and quality decisions in a supply chain with consumers' privacy concern

<p style='text-indent:20px;'>This study considers a supply chain consists of one manufacturer produces a product with a quality level and sells it through one retailer. A stylized model is developed to investigate the impacts of consumers' privacy concerns on pricing, quality decisions, and profitability through the relationship between product quality and personal information. When consumers' privacy concern is considered, the product quality level, the wholesale price, the payoffs of the manufacturer and retailer, and consumer surplus decrease with the personal information loss, whereas the selling price increases if this loss is low. Our results also show that the retailer prefers to charge a high selling price if the information benefit and the personal information loss are low, or the information benefit is relatively high. Moreover, a "win-win-win" outcome can be achieved among the manufacturer, retailer, and consumers if the personal information loss is sufficiently low. In the case of quality-differentiated products, however, although the manufacturer improves the product quality level, the wholesale prices are increased if the information benefit and the personal information loss are low, or the information benefit is high.</p>

The Complex Dynamics of Sharing Platform Competition Game

With the rapid development of Internet technologies and online sharing platforms, sharing economy has become a major trend in economy. The entry of sharing economy leads to profound impacts on incumbent industry. We build a dynamic sharing platform competition model with which agents are bounded rational, and consumer side is heterogeneous. Then, we present the fixed points and the stability conditions of the bifurcation of the dynamic model. We simulate the adjustment speed of sharing platform, sharing platform price, and costs of traditional firm effects on system stability, and we present stable area, bifurcation diagram, the largest Lyapunov exponent, and strange attractor of different parameters, and we give a feedback control method at last. Our main results are as follows: (1) when adjustment speed of sharing platform increases, the system becomes bifurcation, and finally, the system goes into a chaotic state; when the system is stable, price of traditional firm and fee decision of sharing platform are constant. (2) When price of sharing platform increases, sharing platform is more stable while traditional firm is more vulnerable. Suppose the system is in the stable state; when sharing platform price increases, traditional firm price increases, while sharing platform fees decreases. (3) When traditional firm cost is small, the system would be more stable. When the system is stable, with traditional firm cost increasing, traditional firm price increases quicker than sharing platform consumer fee, while sharing platform seller fee decreases. (4) Feedback control can alleviate the chaotic state of system. With feedback control parameter increases, the system becomes more stable.

The world in 2022: ten issues that will shape the international agenda

2022 will be a year for re-evaluating the limits of inequality, restrictive measures, the stimulus plans, geopolitical tensions, or trust in institutions. The economic and emotional recovery will be uneven and will be conditioned to distresses in the rivalry between great powers, price increases and the full overcoming of the pandemic. The world does not have a problem of diagnosis. The necessity and urgency of the ongoing socio-economic, technological and climate transitions are well-known. Where there is debate, it concerns which type of leadership is best equipped or has most legitimacy to pilot this change, how the process should be conducted to ensure the lowest possible social costs and where the point of no return lies. 2022 is a year when international leaderships face re-examination in key elections in places such as France, Brazil, Hungary, the US (midterms) and at the 20th National Congress of the Communist Party of China. Which kinds of ideas, people and models will enjoy most support and legitimacy?