Questions tagged [price]
The price tag has no usage guidance.
32
questions with no upvoted or accepted answers
2
votes
0answers
16 views
How much precious metals prices come from their use as investement vs practical use
Some precious metal price come almost exclusively from their value as an investement, as gold, while some others like palladium or osmium have important uses in industries. But lately those metals ...
2
votes
0answers
35 views
Price Synchronization in the Calvo Model
In the paper Gorodnichenko, Sheremirov and Talavera (2014) the authors compute empirically the degree of price synchronization across different goods. In a nutshell their definition of synchronization ...
2
votes
0answers
60 views
How to estimate signifcance of price difference?
I am trying to estimate how significant is a difference between two prices.
Preface
It seems to not be percentage, as price difference of \$0.10 vs \$0.09 wouldn't make me go for the cheaper shop ...
2
votes
0answers
60 views
Addressing endogenity in price elasticity and the Promotion Optimization Problem
I have data on
purchases
gross prices
discounts (like coupons)
net prices (i.e. gross price - discounts)
number of leads (potential customers at any given time)
conversion rates (# purchases / # ...
2
votes
0answers
1k views
Price Floors and Subsidies
Why would a government choose to impose a price floor for agricultural commodities when subsidies would prove to be more beneficial for not only consumers, but also the government itself, since they ...
2
votes
1answer
36 views
Why is there less price transparency in some industries (especially healthcare) than in others?
To give a specific pair of contrasting examples:
If I search for homes for sale in say Michigan, I can quickly see the listed price for each home. (See e.g. Zillow.) Sure, there might be taxes, ...
1
vote
0answers
11 views
Can the effect of different prices of gasoline at different gas stations be measured?
I am looking for studies in which the effect on demand of different prices of gasoline at different gas stations in the same area is measured or estimated (on the same day or hour).
This question ...
1
vote
0answers
19 views
Market structure determination
I will be conducting a research about the market structure of an outdoor farmers market. I wanted to know what kind of survey questions could help me for example to determine the PES of the market or ...
1
vote
0answers
52 views
Walras's law in a Fisher market
Walras's law is stated for an exchange market: each agent comes to the market with a certain endowment of each commodity, a price-vector is determined, and the demand of each agent is the best bundle ...
1
vote
0answers
35 views
Adaptation of new keynesian model
I'm looking for literature in new keynesian model adaptation to model price shocks. I'm aware of Blanchard, Olivier, and Jordi Gali. 2007. “The Macroeconomic Effects of Oil Shocks: Why Are the 2000s ...
1
vote
1answer
1k views
What are the (immediate) effects of changing a good's price on consumer and producer surplus?
Basically, I'm trying to understand why the total surplus is maximized at the equilibrium and what happens if the price isn't at the equilibrium.
Say the price of a good is the equilibrium price. ...
1
vote
1answer
105 views
How to increase price gradually?
I sell so called "tokens" for so called Ether.
I receive an arbitrary amount of Ether in a transaction. I sent back a calculated amount of tokens.
I want the price of a token increase as more tokens ...
1
vote
0answers
20 views
Why did the internet price rise in the last 5 years in Germany?
5 years ago a casual internet connection with 10 Mbit and telephone connection cost about 20 € per month in Germany.
Today, the chepest contract that I could find in Germany is an internet ...
1
vote
0answers
10 views
Modeling Asymmetric price adjustment (downward price inflexibility)
There is any way to model downward price inflexibility? Because the different models of sticky prices, don´t have more downward inflexibility than upward.
1
vote
0answers
356 views
Modelling prices to identify price outliers
I am currently trying to find 'Price Outliers' in a set of data. Given a set of product prices (within a product category, e.g. milk) I want to filter for prices that are suspicious - for example I ...
1
vote
0answers
50 views
Find change in gross profit after price change
How do you solve this question?
A company has 3 products. They contribute to 30%, 30% and 40% of sales
respectively.
They have profit margins of 15%, 30%, and 50% respectively.
If the ...
0
votes
0answers
4 views
What is the mechanism that triggers a stock price change?
When discussing with my son basic economics (how the price is driven by demand, among others), I came to wonder which exact mechanism triggers a price change in a stock exchange.
In everyday life, ...
0
votes
0answers
30 views
Using ML to estimate demand function
Say, I am looking to estimate the demand curve for rental of a real estate property. The demand varies depending on time of the year, location, economic and demographic variables.
I'd like to ...
0
votes
1answer
45 views
Calculating price elasticity by asking a “this” or “that” question
Let's say 2 goods exist: A for 10 and B for 20 (B is more premium in this example)
If I decrease the price of both goods by 10% and ask:
"Do you prefer A for 9 or B for 18 "
What sort of insights (...
0
votes
0answers
42 views
How to calculate the maximum willingness to pay? (Reservation price)
I have to solve the following exercise. I cant figure out what I have to do know. I hope i can get some help.
Suppose you have the following utility: $U (x_1, x_2) = 4x_1 ^ .5+2x_2 ^ .5$ and you have ...
0
votes
0answers
16 views
Which Is The Better Way To Calculate Marginal Revenue? Using Derivative Or R(Q)-R(Q-1)?
I Still A Bit Confused About Marginal Revenue.
Since Marginal Revenue Is The Additional Revenue We Get From Producing 1 Additional Good.
That Means Marginal Revenue Is R(Q) - R(Q-1). My Teacher Says ...
0
votes
1answer
43 views
Question Regarding Equilibrium Price & Surplus
So here's an example of a standard Supply & Demand Relationship for an Individual Supplier:
As a supplier, for 1 dollar, I'll produce 1 unit of something. For 2 dollars, I'll produce 2 units, for ...
0
votes
0answers
28 views
Is the relationship between cost and value typically logarithmic?
Consider the comparison of two new cars. One costs \$250k and the other \$25k. One would naturally expect the quality (value) of the \$250k car to be greater than the \$25k car but does economics have ...
0
votes
0answers
20 views
Average Return for Commodity
Suppose I have a function of a varying values represented by randomness. A stock or price of a commodity would be a good example.
What is the average return for that stock on any given interval of ...
0
votes
2answers
120 views
Monthly price elasticity and possibility of using daily values
I am calculating the price elasticity as a starting point to find a theoretical optimal price that would maximize our revenue.
I am looking at 2 years data and to use the price elasticity formula, I ...
0
votes
2answers
594 views
Price optimization with demand forecast
I have one year sales data of a retail company and lets say I am forecasting the next month sales for the product. I have got the sales using time series in R. Now I want to forecast the price as well....
0
votes
1answer
30 views
Why the source profit is not only trade markups?
I'm researching the source of profit. In Marx I've found the following passage:
If then, speaking broadly, and embracing somewhat longer periods, all
descriptions of commodities sell at their ...
0
votes
1answer
30 views
Economics of disparity in wages and in 'financial quality of life'
I am seeking a quantitavely and logically satisfying answer to the question I will outline below. It could be in a form of a book/article reference and ideally have as little ideological bias as ...
0
votes
2answers
222 views
EMH: Difference between market price and fundamental value?
I am confused by the relation between stocks market prices and fundamental (or intrinsic) values stated by Efficient Market Hypothesis. How these deviates regarding to efficient market theory or are ...
0
votes
2answers
93 views
How are the price signals of stocks in the stock market centralized?
We can look up the price of a stock, like that of Google, and it gives a particular figure. I would like to know how the price signal is "centralized". What I mean is: if the trades happen between ...
-1
votes
1answer
39 views
Central Banks Currency being used as value keeping hypothesis
I recently came up with the idea that all the worlds currencies with central banks may be being used as a way to steal value from people who give value to them. And no, im not talking about inflation (...
-1
votes
1answer
242 views
Price Optimization from Data
How can I find the optimal price that maximizes profits, given past sales data? I thought I could do this, but I've been running into problems.
Data:
...
