Search results for "Relative price"

showing 3 items of 13 documents

Convergence in car prices among European countries

2011

This article contributes to the literature on price convergence in Europe by investigating the existence of stochastic and deterministic convergence of car prices in the EU15 countries. We apply recently developed econometric techniques that allow for multiple structural breaks to an up-to-date dataset. We find considerable evidence of both types of convergence in our sample of countries and car models, therefore suggesting a tendency for relative prices to equalize over time. In addition, we find evidence regarding the importance in this convergence process of both legislative changes taking place in the years 1996 and 2002, and the implementation of Economic and Monetary Union (EMU).

Market integrationEconomics and EconometricsEconomía internacional[QFIN]Quantitative Finance [q-fin]05 social sciencesSample (statistics)LegislatureConvergence (economics)International economicsRelative priceTrend functionUnit root testing8. Economic growth0502 economics and businessEconomic and monetary unionEconometricsEconomicsA priori and a posteriorimedia_common.cataloged_instanceSocial Sciences & Humanities050207 economicsEuropean unionEconometría050205 econometrics media_common
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Ecological tax reform?a value chain level approach

2002

This study assesses the effects of an ecological tax reform on three value chains. These case studies lead to an analysis of the business strategy options when companies face a shift in the relative prices of their production factors. The results support earlier research findings that the direct effects of an ecological tax reform on the price competitiveness of companies is on average rather small. However, the effects of the reform are shown to vary significantly between the different parts of the value chain. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment

Public economicsEcologyStrategy and ManagementGeography Planning and DevelopmentFactors of productionManagement Monitoring Policy and LawTax reformRelative priceChain (unit)Value (economics)EconomicsStrategic managementBusiness and International ManagementValue chainLife-cycle assessmentBusiness Strategy and the Environment
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The Impact of Solar Penetration on Solar and Gas Market Value: An Application to the Italian Power Market

2014

We assess the impact of solar penetration in the Italian wholesale electricity market on the market value of solar with respect to gas sources, measured as the ratio between the relative price they respectively earn and the average daily electricity price (value factor). We find that, on average, an increase of solar generation has a negative impact on the price earned by solar producers, thus causing a marginal departure from the grid parity condition. The relation between solar production and its market value is not constant over the years, while it depends on the degree of solar penetration. It is positive for very low levels of solar production while, as production increases, its margin…

business.industryPenetration (firestop)Relative priceAgricultural economicsGrid parityGas marketRenewable energyMicroeconomicsPhysics::Space PhysicsEconomicsAstrophysics::Solar and Stellar AstrophysicsElectricity marketAstrophysics::Earth and Planetary AstrophysicsMarket powerMarket valuebusinessSSRN Electronic Journal
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