Search results for "Price"
showing 10 items of 428 documents
Multi-step ahead electricity price forecasting using a hybrid model based on two-layer decomposition technique and BP neural network optimized by fir…
2017
In the deregulated competitive electricity market, the price which reflects the relationship between electricity supply and demand is one of the most important elements, making it crucial for all market participants to precisely forecast the electricity price. However, electricity price series usually has complex features such as non-linearity, non-stationarity and volatility, which makes the price forecasting turn out to be very difficult. In order to improve the accuracy of electricity price forecasting, this paper first proposes a two-layer decomposition technique and then develops a hybrid model based on fast ensemble empirical mode decomposition (FEEMD), variational mode decomposition …
Franchise fairs: A relevant signal in franchise choice in social activity
2016
Potential franchisees encounter difficulties in gaining knowledge about a franchise before embarking on their first start-up venture. For this reason, it is necessary to research which information signals help potential franchisees choose the franchise chains with which they wish to enter into business. Working within the framework of signaling theory, this study's aim is to analyze the relationship between franchise choice and brand, price and participation in franchise fairs. The dynamic signaling model deployed to achieve the study's aim draws on panel data methodology. This methodology allows us to analyze franchise chains over the period in which their parent franchises were using sign…
Economic valuation of environmental benefits of removing pharmaceutical and personal care products from WWTP effluents by ozonation.
2013
Continuous release of pharmaceutical and personal care products (PPCPs) present in effluents from wastewater treatment plants (WWTPs) is nowadays leading to the adoption of specific measures within the framework of the Directive 2000/60/EC (Water Framework Directive). The ozonation process, normally employed for drinking water production, has also proven its potential to eliminate PPCPs from secondary effluents in spite of their low concentrations. However, there is a significant drawback related with the costs associated with its implementation. This lack of studies is especially pronounced regarding the economic valuation of the environmental benefits associated to avoid the discharge of …
Monetary valuation of salicylic acid, methylparaben and THCOOH in a Mediterranean coastal wetland through the shadow prices methodology
2018
The presence of pharmaceutical and personal care products and drugs of abuse (PPCPs) in wastewater treatment plants (WWTPs) indicates discharge of the effluent may not be suitable for the ecological balance of water ecosystems, such as wetlands. These PPCPs degrade water quality, considered as an ecosystem service (ES), provoking serious environmental impacts. Assessing the monetary value of PPCPs can be used as a proxy for environmental status of the ES of water quality (ESWQ). Considering PPCPs as non-desirable outputs of WWTPs, the shadow prices methodology has been implemented using directional distance function to measure the environmental avoided cost of removing salicylic acid (SA), …
Estimating the environmental and resource costs of leakage in water distribution systems: A shadow price approach.
2016
Water scarcity is one of the main problems faced by many regions in the XXIst century. In this context, the need to reduce leakages from water distribution systems has gained almost universal acceptance. The concept of sustainable economic level of leakage (SELL) has been proposed to internalize the environmental and resource costs within economic level of leakage calculations. However, because these costs are not set by the market, they have not often been calculated. In this paper, the directional-distance function was used to estimate the shadow price of leakages as a proxy of their environmental and resource costs. This is a pioneering approach to the economic valuation of leakage exter…
Feasibility Studies for Water Reuse Projects: Economic Valuation of Environmental Benefits
2010
Water reuse is emerging as a promising alternative because it enables water resources to be increased and lowers pollution levels by reducing wastewater. In recent decades, significant technological progress has been made in the field of wastewater regeneration; and project feasibility is now mostly subject to just economic assessment. However, the economic aspect is the least addressed aspect of research into water reuse. This is because private costs are generally considered while the external effects are relegated to a series of statements about the advantages of water reuse. Methodologies used to analyze the economic feasibility of these projects usually focus on internal costs. As a re…
The force interpretation of evolutionary theory: scope and limits
2016
La teoría evolutiva suele entenderse como una teoría causal donde las causas principales del cambio evolutivo son identificadas con la selección natural, la deriva genética, la mutación y la migración. Siguiendo este razonamiento, muchos biólogos y filósofos de la biología han estructurado la teoría evolutiva de forma análoga a la mecánica newtoniana, entendiendo la teoría evolutiva como una teoría de fuerzas. El punto clave en el que se sustenta la analogía, es que la estructura de la mecánica newtoniana permite identificar los elementos causales del sistema de interés. De esta manera, la teoría evolutiva encuentra una útil imagen explicativa del fenómeno evolutivo, estructurándose como un…
Export Price Discrimination in Europe and Exchange Rates
2002
The paper studies pricing-to-market behavior on a wide range of disaggregated European Union exports to OECD countries. The sample allows better identification of products for which such behavior is pervasive. The results suggest that the degree of markup adjustment in response to exchange rate changes is similar across destination markets. The evidence of pricing-to-market across source countries ranges from 40% (Netherlands) to 63% (Germany) of the products in the sample, except for the United Kingdom, where there is remarkably little evidence of it. However, formal comparisons across source countries by product do not usually reveal differences in behavior.
What determines a positive attitude towards natural food products? An expectancy theory approach.
2021
Natural food products are becoming increasingly popular worldwide due to their health and environmental benefits. However, these products' increasing anecdotal popularity has not translated into their widespread adoption; in fact, demand for natural food products remains confined to a relatively small segment of consumers. Despite this, little is known about the facilitators and inhibitors of favourable attitude of consumers towards these products. Recognising this gap, our study employed the theoretical lens of expectancy theory to investigate these factors. Through an extensive review of the pro-environmental consumption literature, we identified four facilitating and inhibiting factors: …
Futures pricing in electricity markets based on stable CARMA spot models
2012
We present a new model for the electricity spot price dynamics, which is able to capture seasonality, low-frequency dynamics and the extreme spikes in the market. Instead of the usual purely deterministic trend we introduce a non-stationary independent increments process for the low-frequency dynamics, and model the large uctuations by a non-Gaussian stable CARMA process. The model allows for analytic futures prices, and we apply these to model and estimate the whole market consistently. Besides standard parameter estimation, an estimation procedure is suggested, where we t the non-stationary trend using futures data with long time until delivery, and a robust L 1 -lter to nd the states of …