Consumer shopping behavior is becoming increasingly polarized, which has an impact on price decisions, and the performance and sustainability of supermarkets. This study sets out to empirically determine the impact that pricing practice management ha...
Research Highlights: In the paper, we explore systematic discrepancy between sale prices and values of forest properties in Poland. We argue that the systematic valuation bias found is partially caused by the simplified parametric appraisal methodolo...
Although financial statements are extremely important to investors in decision-making processes, their reliability can be affected by earnings management (EM) practices, which involve manipulating financial reports in order to achieve managerial bene...
This paper investigates the information content of the ex post overnight return for one-day-ahead equity Value-at-Risk (VaR) forecasting. To do so, we deploy a univariate VaR modeling approach that constructs the forecast at market open and, accordin...
The study develops a game-theoretic evaluation framework for cyber deception that quantifies deception benefit relative to an otherwise matched non-deceptive baseline and links strategic outcomes to information disclosure. A defender–attacker i...
Although the Circular Economy (CE) has made remarkable technological progress by offering a wide range of alternative engineering solutions, an obstacle for its large-scale commercialization is nested in the adoption of those business and financial m...
Infeasible solutions or negative expected values of future climate information are undesired problems if climate policies are adopted under Cost-Effectiveness Analysis (CEA) to reach uncertain temperature targets. Cost-Risk Analysis (CRA) was develop...
Accurate carbon price forecasting is essential for market stability, regulatory assessment, and risk management in emission trading systems. However, existing approaches find it challenging to extract informative signals from high-dimensional multi-s...
China possesses 400 million hectares of grasslands that provide regulating ecosystem services (ESs), including wind erosion control, water conservation, and carbon sequestration. The central government implemented the Grassland Ecological Protection...
Envelope theorems provide a differential framework for determining how much a rational decision maker (DM) is willing to pay to alter the parameters of a strategic scenario. We generalize this framework to the case of a boundedly rational DM and arbi...
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower su...
Information attributes characterize traceable agri-food. The perceived value of information attributes influences consumers’ preferences for traceable agri-food, consisting of two dimensions, predictive value and confidence value. We examine he...
In a two-sided asymmetric information market, the role of the accuracy of consumers’ imperfect and private information on the level of fraud, incidence of fraud and trade under price rigidity is examined. Consumers receive a costless but noisy...
Bayesian extreme value analysis was used to forecast the optimal point in agricultural commodity futures prices in the United States for cocoa, coffee, corn, soybeans and wheat. Data were collected daily between 2000 and 2020. The estimation of extre...
Seventeen sustainable development goals were formulated to create a harmonious world order for the benefit of different nations and peoples. At the same time, economic practice provides a lot of examples of conflicts of an economic nature between ind...
This paper examines the effects of Korea’s compulsory preliminary earnings announcements on stock prices using individual corporate financial disclosure data. Korea’s compulsory preliminary earnings announcements are similar to the US&rsq...
Facing supply disruptions that often occur in business, firms can increase redundancy through supplier diversification and manage demand-side problems through responsive pricing and demand information sharing. We consider a Stackelberg–Nash gam...
When information regarding the effective evaluation of the value of exquisite products is lacking, the market demand function for such products at a given time point is affected by the diffusion of historical transaction price information before the...
The importance of constant consumer testing is emphasized in order for companies to deliver the highest value for the quality of products and services. To explain the psychological impact of price on product selection, and other factors that determin...
This paper presents a market-price-based method to value sub-soil resources in environmental Cost-Benefit Analysis and Life Cycle Assessment. The market price incorporates the privileged information of the market agents, explicitly or implicitly anti...
The fundamental equations of various disciplines often seem to share the same basic structure. Natural selection increases information in the same way that Bayesian updating increases information. Thermodynamics and the forms of common probability di...
In the context of international carbon neutrality, energy prices are affected by several nonlinear and nonstationary factors, making it challenging for traditional forecasting models to predict energy prices effectively. The existing literature mainl...
The auctioning of frequency has to comply with a multitude of requirements in order to guarantee a transparent and efficient process. The German Federal Network Agency (Bundesnetzagentur) has opted for a design that provides participants with informa...
Despite the readily available consumer price information, price dispersion persists for products and services and has been extensively researched. However, there is scant literature on the influence of price dispersion on consumer behavior. The prese...
This study examines the moderating effect of firm attributes on the value relevance of accounting information in Saudi Arabia. Using a sample of 630 firm-year observations from 126 Saudi listed firms over 2018–2022, the research evaluates wheth...
We develop an entropic framework to model the dynamics of stocks and European Options. Entropic inference is an inductive inference framework equipped with proper tools to handle situations where incomplete information is available. The objective of...
This work utilizes the Taiwanese data primarily focused on retailing investor behavior to examine whether Taiwanese brokerage analysts issue target price revisions, whether implicit information connotation exists and whether their own brokerages use...
Price is fundamental in the competitive strategy of lodgings. Determining whether a company is setting its prices appropriately in relation to its main competitors and customer expectations is essential in the new digital age. Online reputation is a...
This article constructs a behavioral financial model that provides feedback on both historical prices and company fundamentals without considering asset liquidation to discuss the long-term impact of investor sentiment and feedback trading on asset p...
The paper presents a two-period Walrasian financial market model composed of informed and uninformed rational investors, and noise traders. The rational investors maximize second period consumption utility from the payoffs of trading risk-free holdin...
We present closed-form solutions to the perpetual American dividend-paying put and call option pricing problems in two extensions of the Black–Merton–Scholes model with random dividends under full and partial information. We assume that t...
The number, and types, of participants in an auction can meaningfully affect the outcome of the competition. In a complete-information, all-pay context, previous studies proved that in first-price auctions, if the auctioneer maximizes the total bid r...
This paper explores how financial markets can support the practical applicability of Sustainability Development Goals (SDGs) principles and why ethics has a central role in this process. The efficient market hypothesis holds that a financial market i...
This study delves into the dynamics of price linkages and transaction costs in agricultural markets, emphasizing the sustainability of food supply chains. By exploring vertical and horizontal price linkages in agro-farming value chains of a developin...
This study examined the vertical transmission of wheat price among the main value chain, looking at the pricing behaviour of certain role players in the wheat production/supply and the distribution of bread, which is a major staple food consumed in S...
Taiwan’s Agricultural Development Act (ADA) of 2000 relaxed farmland ownership criteria and allowed non-farmers to own farms. Although this opened up the market and induced a growth in farmland trading, relaxing these criteria without proper mo...
Accurate carbon price forecasting enables the steady operation of the carbon trading market and optimal resource allocation while also empowering market participants to understand dynamics and make informed decisions, ultimately supporting sustainabl...
This paper focuses on the difference in inter-group and intra-group price of Yesso scallop (Patinopecten yessoensis) and the simulation accuracy of three different exponential smoothing models in the price. Based on the farm-gate price and wholesale...
20 August 2023
Objectives: In this paper, we outline and compare pharmaceutical pricing and reimbursement policies for in-patent prescription medicines in three Maghreb countries, Algeria, Morocco, and Tunisia, and explore possible improvements in their pricing and...
The use of edible coatings in meat is currently being investigated in several studies. However, consumers’ attitudes toward this technology are not clear. This study evaluated consumers’ intention to purchase vacuum-packaged meat with a c...
Singular value decomposition (SVD) is ubiquitously used in recommendation systems to estimate and predict values based on latent features obtained through matrix factorization. But, oblivious of location information, SVD has limitations in predicting...
The article is devoted to the application of the territorial extrapolation of basic data method during a mass (cadastral) assessment of a territory that is characterized by an acute lack of market information. In the framework of the study, an acute...
It is common in financial markets for market makers to offer prices on derivative instruments even though they are uncertain about the underlying asset’s value. This paper studies the mathematical problem that arises as a result. Derivatives ar...
In order to improve the accuracy of forecasting crude oil prices, a new crude oil price forecasting method is introduced in the paper that is a combination of the FNN model and the stochastic time effective function—namely, the WT-FNN model. Th...
This paper studies how firms that provide energy information goods respond to piracy. We compare two business strategies: the free-version strategy (FVS) and the value-added service strategy (VAS). Energy information goods often rely on continuous da...
Energy markets in the United States and Europe are getting more liberalized. The question of whether the liberalization of the gas industry in both markets has led to stable prices and less concentrated markets has appealed great interest among the s...
This paper analyzes the city gas demand function in Korea from 1998 to 2018. The demand function of city gas is derived by a Kalman filter method, and price and income elasticities varying with time are estimated. In the case of residential city gas,...
Price discovery is an important research topic in real estate due to the heterogeneous nature of housing attributes and relatively thin trading activities compared to other assets. In Commonwealth countries, including New Zealand, governments usually...
9 January 2021
This study introduces the intraday implied volatility (IV) for pricing the Australian dollar (AUD) options. The IV is estimated using the at-the-money one-month, two-month, and three-month maturity AUD options traded in the opening, midday, and closi...
This paper examines how the slope of the merit-order curve and the share of non-zero-dollar dispatched energy affect photovoltaic (PV) price cannibalization and the declining market value of all generation types. Using historical merit-order data fro...
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