The Impact Of Price Uncertainty
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Product Market Competition And The Impact Of Price Uncertainty On Investment
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Author : Vivek Ghosal
language : en
Publisher:
Release Date : 1995
Product Market Competition And The Impact Of Price Uncertainty On Investment written by Vivek Ghosal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital investments categories.
The Theory Of Price Uncertainty Production And Profit
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Author : Clement Allan Tisdell
language : en
Publisher: Princeton University Press
Release Date : 2015-12-08
The Theory Of Price Uncertainty Production And Profit written by Clement Allan Tisdell and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-08 with Business & Economics categories.
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
The Impact Of Price Uncertainty
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Author : Donald V. Coes
language : en
Publisher: Routledge
Release Date : 2017-04-21
The Impact Of Price Uncertainty written by Donald V. Coes and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-21 with Business & Economics categories.
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
The Effects On Growth Of Commodity Price Uncertainty And Shocks
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Author : Jan Dehn
language : en
Publisher: World Bank Publications
Release Date : 2000
The Effects On Growth Of Commodity Price Uncertainty And Shocks written by Jan Dehn and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Agricultural prices categories.
The author estimates the effects on growth of commodity price shocks, and uncertainty within an established empirical growth model. Ex-post shocks, and ex-ante uncertainty have been treated in the empirical literature as if they were synonymous. But they are distinct concepts, and it is both theoretically, and empirically inappropriate to treat them as synonymous. He shows that the interaction between policy, and aid is robust to the inclusion of variables capturing commodity price movements. More important, his approach departs in three ways from earlier empirical studies of the subject: 1) It deals with issues of endogeneity, without incurring an excessive loss of efficiency. 2) It defines the dependent variable to allow an assessment of the longer-term implications of temporary trade shocks. 3) It imposes no priors on how commodity price movements affect growth, but compares and contrasts a range of competing shock, and uncertainty specifications. The author resolves the disagreement about the long-run effect of positive shocks on growth, finding that positive shocks have no long-run impact on growth (that windfalls from trade shocks do not translate into sustainable increases in income). He shows that negative shocks have large, highly significant, and negative effects on growth, but that commodity price uncertainty does not affect growth.
The Effects Of Price Uncertainty On The Factor Choices Of The Competitive Firm
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Author : Brian D. Wright
language : en
Publisher:
Release Date : 1984
The Effects Of Price Uncertainty On The Factor Choices Of The Competitive Firm written by Brian D. Wright and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Microeconomics categories.
The Impact Of Price Variability And Uncertainty On Investment And Economic Growty
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Author : R. Rodney Dick
language : en
Publisher:
Release Date : 1981
The Impact Of Price Variability And Uncertainty On Investment And Economic Growty written by R. Rodney Dick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Prices categories.
The Effects On Growth Of Commodity Price Uncertainty And Shocks
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Author : Jan Dehn
language : en
Publisher:
Release Date : 2016
The Effects On Growth Of Commodity Price Uncertainty And Shocks written by Jan Dehn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Commodity export dependency confers ex post shocks and ex ante uncertainty upon producing countries. What reduces growth is not the prospect of volatile world prices, but the actual realization of negative shocks.Dehn estimates the effects on growth of commodity price shocks and uncertainty within an established empirical growth model. Ex post shocks and ex ante uncertainty have been treated in the empirical literature as if they were synonymous. But they are distinct concepts and it is both theoretically and empirically inappropriate to treat them as synonymous.He shows that the interaction between policy and aid is robust to the inclusion of variables capturing commodity price movements. More important, his approach departs in three ways from earlier empirical studies of the subject:- It deals with issues of endogeneity without incurring an excessive loss of efficiency.- It defines the dependent variable to allow an assessment of the longer-term implications of temporary trade shocks.- It imposes no priors on how commodity price movements affect growth, but compares and contrasts a range of competing shock and uncertainty specifications.Dehn resolves the disagreement about the long-run effect of positive shocks on growth, finding that positive shocks have no long-run impact on growth (that windfalls from trade shocks do not translate into sustainable increases in income).He shows that negative shocks have large, highly significant, and negative effects on growth, but that commodity price uncertainty does not affect growth.This paper - a product of Rural Development, Development Research Group - is part of a larger effort in the group to analyze the impact of commodity price risks on developing economies. The author may be contacted at [email protected].
An Examination Of Aggregate Price Uncertainty In Four Countries And Some Implications For Real Output
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Author : Richard T. Froyen
language : en
Publisher:
Release Date : 1984
An Examination Of Aggregate Price Uncertainty In Four Countries And Some Implications For Real Output written by Richard T. Froyen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Inflation (Finance) categories.
This study constructs measures of aggregate price uncertainty for four industrialized countries (Canada, West Germany, Great Britain, and the United States) and attempts to assess the extent to which more rapid and more variable price changes appear to have contributed to increased aggregate price uncertainty. For this purpose we examine the relationship across countries and through time between the rate of inflation, inflation variability, and our measures of price uncertainty. In addition we use our measures of price uncertainty to examine the hypothesis, variously put forward by Marshall, Keynes, Milton Friedman, and Okun, that higher aggregate price uncertainty is likely tor esult in lower real output and higher unemployment. Our results suggest that the higher and more variable inflation of the 1970s did increase uncertainty about the aggregate price level in Canada, Great Britain and the United States, but the evidence for West Germany would not sustain such a conclusion. Finally, we did find evidence of a significant negative output effect of aggregate price uncertainty for Canada and the United Kingdom, but not for the United States or West Germany.
The Effects On Growth Of Commodity Price Uncertainty And Shocks
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Author : Dehn
language : en
Publisher:
Release Date : 2013
The Effects On Growth Of Commodity Price Uncertainty And Shocks written by Dehn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Energy And Metal Price Uncertainties And The Global Economy
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Author : Natalia Ponomareva
language : en
Publisher:
Release Date : 2022
Energy And Metal Price Uncertainties And The Global Economy written by Natalia Ponomareva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
A novel measure of two classes of monthly commodity price uncertainty is constructed by applying mixed-frequency state-space modelling to forecasts of prices of six energy and fourteen metal commodities. Energy price uncertainty shocks are found to be contractionary for the world economy, while metal price uncertainty shocks are not. Both metal and energy prices decrease following an associated price uncertainty shock, with counterfactual analysis revealing that energy price uncertainty has a mainly direct impact on energy returns while the impact of metal price uncertainty on metal returns is mediated through global financial markets. Global economic activity is a significant driver of both commodity uncertainties, while global financial uncertainty is only important for metal price uncertainty. Our results highlight the differences between metal and energy price uncertainties, both in terms of the driving forces behind them, as well as their economic impact.