Showing 1 - 10 of 66,107
This study deals with horizontal product differentiation in the Polish pig meat market. Hypothesis among firms behaviour are derived from an illustrative model and tested in an empirical analysis using data from 1991-1998. The empirical analysis suggest that product differentiation is a relevant...
Persistent link: https://www.econbiz.de/10005493687
The German Agricultural Society (DLG) manages a multi-round annual quality control scheme where wines undergo a blind, sensory testing procedure using a 5-point scale to determine superior quality wines worthy of an annual award (Bronze, Silver, Gold, and Gold Extra). We develop a hedonic model...
Persistent link: https://www.econbiz.de/10011069564
Persistent link: https://www.econbiz.de/10011741430
The role of the consumer′s perception of product quality within the traditional economic utility model is examined. It is argued that by holding marginal utility to be equal among buyers, price reference will be defined specific to the buyer′s marginal utility of money. Price is...
Persistent link: https://www.econbiz.de/10014722979
Purpose – The purpose of this paper is to provide a detailed analysis of industry loss warranties (ILWs), an …, moral hazard, basis risk, counterparty risk, industry loss index, and regulation. Next, the authors present and discuss the … adequacy of actuarial and financial approaches for pricing ILWs, as well as the aspects of basis risk. Finally, drivers of …
Persistent link: https://www.econbiz.de/10009415546
Persistent link: https://www.econbiz.de/10012302656
Persistent link: https://www.econbiz.de/10011632886
Persistent link: https://www.econbiz.de/10012233473
Purpose – The purpose of this paper is to provide a detailed analysis of industry loss warranties (ILWs), an …, moral hazard, basis risk, counterparty risk, industry loss index, and regulation. Next, the authors present and discuss the … adequacy of actuarial and financial approaches for pricing ILWs, as well as the aspects of basis risk. Finally, drivers of …
Persistent link: https://www.econbiz.de/10014901593
Persistent link: https://www.econbiz.de/10011917329