Does Final Market Demand Elasticity Influence the Location of Export Processing? Evidence from Multinational Decisions in China

World Economy ◽  
2012 ◽  
Vol 36 (5) ◽  
pp. 509-536 ◽  
Author(s):  
Xuepeng Liu ◽  
Mary E. Lovely ◽  
Jan Ondrich
Keyword(s):  
Demand Elasticity ◽  
Market Demand ◽  
Export Processing

Financial engineering in pricing agricultural derivatives based on demand and volatility

2016 ◽  
Vol 76 (1) ◽  
pp. 42-53 ◽  
Author(s):  
Hirbod Assa
Keyword(s):  
Financial Engineering ◽  
Commodity Prices ◽  
Demand Elasticity ◽  
Insurance Companies ◽  
Leverage Effect ◽  
Model Parameters ◽  
Market Demand ◽  
Agricultural Commodities ◽  
Cev Model ◽  
Content Type

Purpose – The purpose of this paper is twofold. First, the author proposes a financial engineering framework to model commodity prices based on market demand processes and demand functions. This framework explains the relation between demand, volatility and the leverage effect of commodities. It is also shown how the proposed framework can be used to price derivatives on commodity prices. Second, the author estimates the model parameters for agricultural commodities and discuss the implications of the results on derivative prices. In particular, the author see how leverage effect (or inverse leverage effect) is related to market demand. Design/methodology/approach – This paper uses a power demand function along with the Cox, Ingersoll and Ross mean-reverting process to find the price process of commodities. Then by using the Ito theorem the constant elastic volatility (CEV) model is derived for the market prices. The partial differential equation that the dynamics of derivative prices satisfy is found and, by the Feynman-Kac theorem, the market derivative prices are provided within a Monte-Carlo simulation framework. Finally, by using a maximum likelihood estimator, the parameters of the CEV model for the agricultural commodity prices are found. Findings – The results of this paper show that derivative prices on commodities are heavily affected by the elasticity of volatility and, consequently, by market demand elasticity. The empirical results show that different groups of agricultural commodities have different values of demand and volatility elasticity. Practical implications – The results of this paper can be used by practitioners to price derivatives on commodity prices and by insurance companies to better price insurance contracts. As in many countries agricultural insurances are subsidised by the government, the results of this paper are useful for setting more efficient policies. Originality/value – Approaches that use the methodology of financial engineering to model agricultural prices and compute the derivative prices are rather new within the literature and still need to be developed for further applications.

Advertising's effect on the market demand elasticity: A note

Agribusiness ◽  
2004 ◽  
Vol 20 (2) ◽  
pp. 181-188 ◽  
Author(s):  
Henry W. Kinnucan ◽  
Yuqing Zheng
Keyword(s):  
Demand Elasticity ◽  
Market Demand

scholarly journals Market Demand Elasticity and Income Inequality

2006 ◽  
Vol 32 (3) ◽  
pp. 579-587 ◽  
Author(s):  
Marat Ibragimov ◽  
Rustam Ibragimov
Keyword(s):  
Income Inequality ◽  
Demand Elasticity ◽  
Market Demand

PERLINDUNGAN HUKUM TERHADAP KARYA SENI BATIK YANG BELUM TERDAFTAR MENURUT UNDANG-UNDANG NOMOR 28 TAHUN 2014 TENTANG HAK CIPTA

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Inggrit Fernandes
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Cultural Heritage ◽  
Intellectual Property Rights ◽  
Rapid Growth ◽  
Economic Value ◽  
Legal Protection ◽  
Property Law ◽  
Market Demand ◽  
Work Of Art

Batik artwork is one of the treasures of the nation's cultural heritage. Batik artwork is currently experiencing rapid growth. The amount of interest and market demand for this art resulted batik artwork became one of the commodities in the country and abroad. Thus, if the batik artwork is not protected then the future can be assured of a new conflict arises in the realm of intellectual property law. Act No. 28 of 2014 on Copyright has accommodated artwork batik as one of the creations that are protected by law. So that this work of art than as a cultural heritage also have economic value for its creator. Then how the legal protection of the batik artwork yaang not registered? Does this also can be protected? While in the registration of intellectual property rights is a necessity so that it has the force of law to the work produced

Institutional Environment, Entrepreneurial Self-Efficacy and Entrepreneurial Intention of Company Employees

1970 ◽  
Vol 3 (1) ◽  
pp. 1-9
Author(s):  
Devi Angrahini Anni Lembana ◽  
Yu Yu Chang ◽  
Wen Ke Liang
Keyword(s):  
Self Efficacy ◽  
Institutional Environment ◽  
Practical Experience ◽  
Entrepreneurial Intention ◽  
Entrepreneurial Intentions ◽  
New Venture ◽  
Hierarchical Regression ◽  
Market Demand ◽  
Extrinsic Factors ◽  
Intrinsic Factors

From the intentionality-based view, individuals' actual behaviors to initiate a new venture is driven by their entrepreneurial intentions. Company employees have accumulated professionalism and practical experience, which both enable them to discover some unmet market demand and industrial gaps. However, in establishing a new business, not everyone with certain knowledge or expertise has the desire to become an entrepreneur. Prior research has shown that entrepreneurial intentions are under the profound influences of intrinsic factors and extrinsic factors. On the one hand, entrepreneurial self-efficacy is one of the key psychological states that makes someone dare to initiate entrepreneurial activities. Institutional environment, on the other hand, can either enhance and hinder an individuals' entrepreneurial motivation by offering incentives or causing barriers. Little work has been done to understand how the institutional environment and entrepreneurial self-efficacy jointly affect company employees' intention to quit their job and start an enterprising career. By using hierarchical regression on a sample of 325 Indonesian company employees, this paper shows that the entrepreneurial cognition and entrepreneurial self-efficacy are positively related to employees' entrepreneurial intentions. Also, entrepreneurial self-efficacy strengthens the effect of normative Approval on entrepreneurial intention, whereas the regulatory Support from Government is detrimental to company employees' intention to start a new venture regardless the entrepreneurial self-efficacy is high or low.

Assessment of the national market demand for high-resolution remote sensing data

2002 ◽  
Vol 8 (1) ◽  
pp. 15-22
Author(s):  
V.N. Astapenko ◽  
◽  
Ye.I. Bushuev ◽  
V.P. Zubko ◽  
V.I. Ivanov ◽  
...  
Keyword(s):  
Remote Sensing ◽  
High Resolution ◽  
Remote Sensing Data ◽  
Market Demand ◽  
Sensing Data ◽  
National Market
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