|
|
|
Registros recuperados: 29 | |
|
|
Chin, Ming-Chin; Weaver, Robert D.. |
Theoretical and simulation results clarify the role of procurement contracting in determining spot price levels and volatility. A generic model determines market share across quality. Actual supply is specified as price dependent and stochastic. Simulation examines the sensitivity of price level and volatility to extent of forward contracting, risk aversion, and ability to adjust spot market demand (recontracting). The results show that as forward contracting increases mean spot price decreases and variance increases. This effect increases as risk aversion decreases and as extent of recontracting adjustment in spot demand decreases. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
Ano: 2002 |
URL: http://purl.umn.edu/19052 |
| |
|
|
Chin, Ming-Chin; Weaver, Robert D.. |
Theoretical and simulation results clarify the role of forward procurement contracting as a determinant of spot price levels and volatility. A stylized model determines market share across quality when procurers forward contract to manage quality risk. Actual supply is specified as price dependent and stochastic. Simulation examines sensitivity of spot price level and volatility to extent of forward contracting, risk aversion, and ability to adjust spot market demand (recontracting). The results show that as forward contracting increases mean spot price decreases and variance increases. This effect increases as risk aversion decreases and as the extent of recontracting adjustment in spot demand decreases. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
Ano: 2002 |
URL: http://purl.umn.edu/24790 |
| |
|
| |
|
| |
|
|
Weaver, Robert D.; Chin, Ming-Chin. |
This paper reconsiders the impacts of generic advertising on commodity prices that may be induced through demand effects. Rather than considering a simple demand shift, we consider the possibility that advertising leads to a change in the curvature of the demand curve. In this case, generic advertising is shown to affect both the level of market prices as well as their volatility. Based on parametric tests, we find that the demand elasticity appears to be affected by the intensity of generic advertising. In addition, we find evidence that generic advertising affects the curvature of the demand curve. We examine the implications of these findings for the price of beef. Our results are consistent with the hypothesis that generic advertising enhances... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
Ano: 2002 |
URL: http://purl.umn.edu/19822 |
| |
|
|
Loy, Jens-Peter; Weaver, Robert D.. |
Retail pricing indicates many phenomena, such as sales or rigidities. A number of models have been proposed in particular to explain the occurrence of sales. Focussing on the market for fresh foods the model by Varian and the loss leader argument seem to be intuitively best fitting to the conditions in the fresh food market. From these models we derive several hypotheses that are tested for a unique data set of the German fresh food retail market The data set consists of weekly prices for ten food items in 131 grocery shops over the period from 1995 to 2000. The results support to some extent the Varian model and also indicate some dynamic loss leader pricing. However, rejections of some hypothesis provide some hints for successive models adjustments.... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
Ano: 2002 |
URL: http://purl.umn.edu/19787 |
| |
|
| |
|
|
Weaver, Robert D.; Chattin, Peter; Banerjee, Aniruddha. |
The effect of retail grocery market structure on the speed of adjustment of retail food prices to changes in producer prices, real wages, and the cost of energy was examined for SMSAs. Evidence failed to support the implication of the Mason-Bain paradigm that increased concentration reduces market efficiency as reflected in speed of retail price adjustment. Evidence of strong intertemporal relationships between change in producer prices and retail prices found for the categories meat, poultry, fish, eggs and cereal and baker products provide support to the hypothesis of cost-push inflation. |
Tipo: Journal Article |
Palavras-chave: Marketing. |
Ano: 1989 |
URL: http://purl.umn.edu/28856 |
| |
|
| |
|
| |
|
| |
|
|
Natcher, William C.; Weaver, Robert D.. |
Under recent dairy policy reforms, farm-level milk prices are determined by a multiple component pricing scheme that derives monthly dairy product class prices from weekly NASS survey prices for only the first two weeks of each month. This pricing rule may provide incentives for strategic behavior by dairy sector participants that could induce dairy product price volatility. This paper employs a series of nonparametric approaches to examine evidence of such price manipulation in CME weekly average dairy product prices. Empirical evidence suggests that no such week-of-month effects exist in levels of prices, and only very weak evidence of week-of-month effects in price volatility was found. Together, results suggest dairy product markets are... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
Ano: 2001 |
URL: http://purl.umn.edu/20551 |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
Loy, Jens-Peter; Weaver, Robert D.. |
Retail pricing strategies incorporate promotions, sales, and rigidities. A number of models have been proposed in particular to explain the occurrence of sales. Focussing on the market for fresh foods the model by Varian and the loss leader argument seem to be intuitively best fitting to the conditions in the fresh food market. From these models we derive several hypotheses that are tested for a unique data set of the German fresh food retail market. The data set consists of weekly prices for ten food items in 131 grocery shops over the period from 1995 to 2000. Following Varian sales should lead to reduced expenditures, while the loss leader argument assumes that consumers are lured into the shop by promotional sales which are covered by higher prices for... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Food Consumption/Nutrition/Food Safety; Marketing. |
Ano: 2003 |
URL: http://purl.umn.edu/25914 |
| |
Registros recuperados: 29 | |
|
|
|