Search results for: PRICE RIGIDITY - Bridge of Knowledge

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Search results for: PRICE RIGIDITY
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Search results for: PRICE RIGIDITY

  • One Europe, one product, two prices - the price disparity in the EU

    Publication

    The price dispersion in the European Union in the last fifteen years (1990-2005) is analysed. The analysis of price convergence is examined on aggregate and disaggregate levels. The macro approach is based on Comparative Price Level index calculated as the ratio between PPPs and exchange rate. The disaggregate analysis utilizesactual prices of 148 individual products sold in the 15 capital cities of the EU. The calculations comprise...

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  • 20+ years of Polish residential real estate prices – a house price index proxy

    Publication

    Information on house prices is often considered crucial when assessing developments in economy. However, in Poland for the long time house prices haven’t been tracked in an organized manner. Recent developments, most notably house price indices developed by Poland’s national bank and by the statistical office do not go back more than 10 years, therefore data series are relatively short compared to those of other macroeconomic data. In...

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  • Price Diversification

    Publication

    - Year 2007

    The price diversification is a complex phenomenon. We show that price discrimination can have both positive and negative effects. The final result depends whether it makes competition more intense. As far as legal procedure is cocerned it is recommended to focus on the effects of compan's actions rather than on the form that these actions may take. There is a need to understand and distinguish between price discrimination as the...

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  • Determination of the rigidity and deformation energy of the technological machine load-carrying systems

    Publication
    • Y. Podgornyj
    • V. Skeeba
    • A. Kirillov
    • O. Maksimchuk
    • T. Martynova
    • D. Lobanov
    • I. Filatov
    • P. Skeeba

    - Obrabotka Metallov-Metal Working and Material Science - Year 2016

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  • Does one currency mean one price? An analysis of the euro effect on price dispersion and convergence

    This paper examines price differentials in the European Union to investigate whether the European Monetary Union has lowered the degree of price dispersion in the euro zone and increased the speed of price convergence. Both euro effects are evaluated using difference-in-difference methodology. Applied to the issue of introducing a single currency, the euro effects identified are the estimated differences in price dispersion and...

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  • Equilibrium price - modelling, forecast and application

    Nowoczesną gospodarkę charakteryzuje wzrastające znaczenie cen. Znajomość ogólnych zasad mechanizmu kształtującego ceny oraz analizy cen umożliwiają przedsiębiorstwom przewidzenie ceny równowagi i podjęcie przynoszącej zyski decyzji, zwłaszcza na rynku oligopolu homogenicznego, gdzie przedsiębiorcy muszą brać pod uwagę reakcję konkurencji. Przedstawiony w artykule, dynamiczny model ekonometryczny cen benzyny, na rynku paliw płynnych...

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  • Research Papers of Wrocław University of Economics

    Journals

    ISSN: 1899-3192 , eISSN: 2392-0041

  • Does low price mean high competitiveness

    Publication

    We found a strong positive relationship between Comparative Price Level Index (CPL) and Growth Competitiveness Index (GCI). We do realize that the relation we have found does not have to indicate cause and effects relationship. Competitiveness is a process which goes far beyond price level but it is detemined by lots of different elemnts. We show the GCI composition that provides a concept explaining what exactly determines competitiveness...

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  • Price convergence in the EU-an aggregate and disaggregate approach

    This article examines the price dispersion in the European Union (EU) over 15 years (1990-2005). An extensive overview of the literature offers inconclusive results with the half-lives of price shocks from 2.8 to 282 months. Until now, most of the empirical research has been either micro or macro based. In contrast, we conducted a complex analysis utilizing both aggregate and disaggregate price data. The macro approach is based...

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  • Does one currency mean one price?

    Publication

    European Monetary Union was expected to have many consequences for the economies of participant countries. Theory suggested that through a higher volume of trade and stronger competition in the Eurozone, a single currency would lead to a reduction in price dispersion. As far as prices are concerned, two effects were expected: an immediate effect due to the technical characteristics of the changeover process, and a long-term one...

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