Quantifying the Inefficiency of Multi-unit Auctions for Normal Goods

2021 ◽  
Author(s):  
Brian Baisa ◽  
Simon Essig Aberg
Keyword(s):  
Normal Goods

scholarly journals DEMANDA DE EXPORTAÇÃO DE PAINÉIS DE MADEIRA DO BRASIL

FLORESTA ◽  
2003 ◽  
Vol 33 (2) ◽  
Author(s):  
Alexandre Anders Brasil ◽  
Humberto Angelo ◽  
Anadalvo Juazeiro Dos Santos ◽  
Ricardo Berger ◽  
João Carlos Garzel Leodoro da Silva
Keyword(s):  
New Technologies ◽  
The Other ◽  
Forest Sector ◽  
Industry Growth ◽  
Empirical Results ◽  
The World ◽  
International Demand ◽  
Normal Goods ◽  
Important Position ◽  
Year 2000

Os painéis de madeira estão consolidando posições de destaque no setor florestal e na economia brasileira, em decorrência do grande crescimento da produção na última década. Os principais motivos desse crescimento foram a instalação de novas unidades produtoras, a busca de novas tecnologias e a modernização do pátio industrial. Conseqüentemente, no ano de 2000, o Brasil alcançou a 10a posição de maior produtor mundial e também a 10a posição de maior exportador mundial. É evidente que no período em análise (1960-2000), os fatores referentes à demanda internacional tiveram um papel importante sobre as exportações brasileiras de painéis de madeira. Os resultados empíricos mostram que as exportações brasileiras de painéis de madeira não são sensíveis ao preço, que as exportações brasileiras de painéis de fibra, painéis de partícula e laminados são complementares às exportações mundiais e que segundo a renda mundial, o compensado brasileiro, indica ser um bem superior, e os demais painéis bens normais. DEMAND FOR BRAZILIAN WOOD-BASED PANELS EXPORTS Abstract The wood-based panels are consolidating an important position in the Brazilian forest sector and economy, due to its industry growth in the last decade. The main reasons for its growth are the installation of new industrial unities, the search for new technologies, and the industrial modernization. Consequently, in the year 2000, Brazil has reach the 10th position of main world producer and also the 10th position of main world exporter. In the studied period (1960-2000), the international demand had an important role over the Brazilian wood-based panels exports. The empirical results show that the Brazilian wood-based panels are not sensitive to price, that the Brazilian exports of particleboard, fibreboard, and veneers are complementary to the world exports, and that, based in the world revenue, the Brazilian plywood is a superior good and that the other pnels are normal goods.

Normal goods and the expenditure function

1990 ◽  
Vol 51 (2) ◽  
pp. 431-433 ◽  
Author(s):  
Franklin M Fisher
Keyword(s):  
Expenditure Function ◽  
Normal Goods

scholarly journals Analsisi Elastisitas Permintaan Konsumen Rumah Tangga Terhadap Telur Ayam Ras di Kota Banda Aceh

2018 ◽  
Vol 3 (3) ◽  
pp. 54-65
Author(s):  
M. Luthfi Syirah Murandawi ◽  
Fajri Jakfar ◽  
Mustafa Mustafa
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Price Elasticity ◽  
Income Elasticity ◽  
Oil Prices ◽  
Cooking Oil ◽  
Multi Stage ◽  
Normal Goods ◽  
Chicken Eggs ◽  
Banda Aceh

Abstract. Chicken Eggs Demand race in Banda Aceh city influenced by the price of eggs, the price of fish, cooking oil prices, income and number of dependents. This study aims to look at the demand for chicken eggs dipengaruhhi by the price of eggs, the price of fish, cooking oil prices, income and number of dependents, and to see the price elasticity, cross elasticity and income elasticity. Withdrawal of samples obtained by the method of proportional stratified random samplingin Banda Aceh where for high income states 25, middle 65 and lower 33 samples. The technique is passed on this peneitian with Multiple Linear Regression. The results of this study show the price of eggs, the price of fish, cooking oil prices, income and number of dependents significant effect simultaneously, and the price elasticity of its elastic for medium and low, while high-inelastic, the cross elasticity of substitution for fish and complementary to cooking oil, and for its income elasticity of eggs belonging to inferior goodsAnalysis of elasticity of demand for eggs in banda aceh cityAbstract. Demand for Chicken Eggs in the city of banda aceh is influenced by the price of eggs, the price of the egg, the price of cooking oil, the income and the number of dependents. This study aims to see the demand for chicken eggs influenced by the price of eggs, the price of the village egg, the price of cooking oil, the income and the number of dependents and to see the price elasticity, cross elasticity and income elasticity. Sampling was obtained by multi stage cluster random sampling method in Kota Banda Aceh with a sample of 46 family heads. Techniques performed on this study with Multiple Linear Regression. The results of this study indicate the price of eggs, the price of eggs, the price of cooking oil, the income and the number of dependents have a significant effect simultaneously, while partially only the price of eggs, the price of cooking oil and the number of dependents that have real effect, and elasticity of its price elastic , cross-substitution elasticity for chicken eggs and complementary for cooking oil, and for his income elasticity of chicken eggs belonging to normal goods.

scholarly journals ANALISIS PERMINTAAN PANGAN RUMAH TANGGA PENERIMA MANFAAT BANTUAN PANGAN NON TUNAI (BPNT) DI KOTA BOGOR

2020 ◽  
Vol 10 (1) ◽  
pp. 1-10
Author(s):  
Anisah Nasution ◽  
Bayu Krisnamurthi ◽  
Dwi Rachmina
Keyword(s):  
Food Policy ◽  
Animal Protein ◽  
Primary Data ◽  
Processed Food ◽  
Food And Beverages ◽  
Poor Households ◽  
Food Expenditure ◽  
Normal Goods ◽  
The Government ◽  
Food Needs

Food is a basic need and access to food is a human rights that must be fulfilled. Meeting food needs is the main target of food policy carried out by the government, especially for the poor household. One of the government's policies in terms of food is Non-Cash Food Assistance (BPNT). The purpose of this study was to analysis the food demand for BPNT's beneficiary household and not receiving BPNT. This study used primary data on food consumption with the highest share of expenditure of poor households in Bogor City. Demand for food was estimated by LA-AIDS (Linear Approximation Almost Ideal Demand System) model. The results this study showed that there were significant differences in the average consumption of rice, non-rice and animal protein consumption between BPNT and non-BPNT households. The highest of food expenditure in both households was processed food and beverages. The BPNT dummy variable did not sign for a share of food expenditure. The result of the estimate also showed that rice, animal protein, vegetables, food and beverages and cigarettes are inelastic at their prices elasticity. All types of food studied were normal goods. Non-rice, vegetables and processed food and beverages were substitutes for rice in BPNT recipient households while in non-BPNT only processed food and beverages was substitutes for rice. The interesting thing in this research was that cigarettes become a complimentary item to all foods.

scholarly journals ANALISIS PERMINTAAN CABAI RAWIT MERAH (Capsicum frutescens) DI KABUPATEN SEMARANG

2020 ◽  
Vol 14 (1) ◽  
pp. 66
Author(s):  
Lea Miftahuddin ◽  
Titik Ekowati ◽  
Bambang Mulyatno Setiawan
Keyword(s):  
Income Elasticity ◽  
Family Members ◽  
Survey Method ◽  
Capsicum Frutescens ◽  
High Demand ◽  
Food Ingredient ◽  
Elasticity Of Demand ◽  
Normal Goods ◽  
Quota Sampling ◽  
Consumer Tastes

Red cayenne papper is a food ingredient that has a high demand at the level of household consumers. Demand for red cayenne is influenced by several factors. Factors demand for red cayenne papper were red cayenne papper prices, curly red chili prices, household consumer income, number of family members and consumer tastes. The research aimed to analyze the determinant factors of red cayenne papper demand and to analyze elasticity of demand of red cayenne pepper in Semarang Regency. The research location determined by purposive. Survey method was used with Quota sampling to select 90 respondents from 3 District in Semarang Regency with the criteria of highest, medium and low red cayenne pepper production. Respondents taken by snowball method. Data were analyzed using multiple linear regression. Regression analyzed showed that independent variabels simultaneosly significant on dependent variabel. Partially the income of consumers, the number of family members and consumer tastes significantly influence the demand for red cayenne pepper. While the price of red cayenne pepper and curly red chili did not significantly affect the demand for red cayenne pepper. Red cayenne pepper elasticity was elastic 0.135 and categorized as normal goods. The income elasticity was 0.317. Curly red chili was substitutes red cayenne pepper with elasticity 0.122.

scholarly journals Efficient multiunit auctions for normal goods

2020 ◽  
Vol 15 (1) ◽  
pp. 361-413 ◽  
Author(s):  
Brian Baisa
Keyword(s):  
Incentive Compatibility ◽  
Dominant Strategy ◽  
Impossibility Theorem ◽  
Budget Balance ◽  
Auction Design ◽  
Vickrey Auction ◽  
Multiunit Auctions ◽  
Private Values ◽  
Multidimensional Types ◽  
Normal Goods

I study multiunit auction design when bidders have private values, multiunit demands, and non‐quasilinear preferences. Without quasilinearity, the Vickrey auction loses its desired incentive and efficiency properties. I give conditions under which we can design a mechanism that retains the Vickrey auction's desirable incentive and efficiency properties: (1) individual rationality, (2) dominant strategy incentive compatibility, and (3) Pareto efficiency. I show that there is a mechanism that retains the desired properties of the Vickrey auction if there are two bidders who have single‐dimensional types. I also present an impossibility theorem that shows that there is no mechanism that satisfies Vickrey's desired properties and weak budget balance when bidders have multidimensional types.

Determinants of food demand among urban households in Minna Metropolis, Niger State, Nigeria

2021 ◽  
Vol 4 (2) ◽  
pp. 175-185
Author(s):  
Oyeyode Tohib Obalola ◽  
Likita Tanko ◽  
Kazeem Oriyomi Aboaba ◽  
Bello Bunza Abubakar ◽  
Emmanuel Egbodo Boheje ODUM ◽  
...  
Keyword(s):  
Urban Areas ◽  
Crop Production ◽  
Social Protection ◽  
Income Elasticity ◽  
Sampling Technique ◽  
Urban Households ◽  
Normal Goods ◽  
Household Heads ◽  
Food Commodities ◽  
Income Elasticity Of Demand

Agricultural products including rice, yam and cowpea play significant roles in the food consumption of urban dwellers. However, increase in crop production cost has continued to threaten urban food price in Nigeria. This study analyzed the determinants of demand for food commodities among urban households in Minna metropolis. Data were collected from 110 household heads of urban residences, which were selected through a three-stage random sampling technique. Data collected for the study were analyzed using multiple regression technique. The results showed that rice, yam and cowpea were price in-elastic. The cross-price elasticities for rice, yam and cowpea were -0.132, 0.028 and 0.005 respectively. The computed own price, cross price and income elasticity of demand for rice were –0.308, -0.132 and 0.018 respectively. For yam, the computed values were -1.262, 0.028 and 0.289 respectively. While for cowpea, these values were -0.530, 0.005 and 0.002 respectively. For the income elasticity, rice and cowpea were proven to be normal goods and yam as a luxury good. The social protection strategies in form of food aids policy should be put into action to minimize the inflationary pressure on food items in the urban areas.

scholarly journals Elastisitas Harga dan Elastisitas Pendapatan Permintaan Energi Listrik pada Rumah Tangga di Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 1046-1060
Author(s):  
Neila Soraya ◽  
Bambang Eko Afiatno
Keyword(s):  
Normal Goods

Sektor rumah tangga menempati posisi kedua sebagai konsumen energi terbesar di Indonesia. Listrik adalah energi dominan yang dikonsumsi oleh rumah tangga di Indonesia.Penelitian ini bertujuan untuk menganalisis elastisitas harga dan elastisitas pendapatan permintaan listrik pada sektor rumah tangga di Indonesia dengan menggunakan data mikro Susenas Maret 2018. Alat analisis yang digunakan dalam penelitian ini adalah regresi linear berganda. Hasil estimasi menunjukkan harga listrik berpengaruh negatif terhadap permintaan listrik, sedangkan variabel pendapatan per kapita, ukuran rumah tangga, umur kepala rumah tangga, pendidikan kepala rumah tangga, dan wilayah tempat tinggal berpengaruh positf terhadap permintaan listrik. Koefisien elastisitas harga dan koefisien elastisitas pendapatan menunjukkan nilai yang elastis terhadap permintaan listrik. Hal ini menunjukkan listrik tergolong “normal goods” dan merupakan kebutuhan pokok bagi rumah tangga di Indonesia.

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