Articles tagged with Market Economics
A new study suggests introducing a maximum price-cap on cigarettes in the UK could help reduce smoking rates by limiting tobacco companies' pricing strategies. The proposed measure would standardise cigarette prices, making future tax rises more effective.
A new study found that a higher minimum wage was associated with fewer people defaulting on their rent payments, particularly among those at the lower end of the housing expense market. However, landlords responded by increasing rent payments, offsetting some but not all of the increased income.
Researchers developed the Transactive Energy Service System (TESS) to automatically adjust a home's power use in response to fluctuating prices. The system increases the resiliency of the grid while saving both consumers and utilities money.
A new paper introduces a novel measure of unfair inequality, revealing that the US has one of the highest levels in the West, with Greece ranking higher. The study suggests that standard measures of inequality are inadequate to inform discussions on economic justice.
A study published in Applied Economics analyzed the relationship between precious metal commodities and equity markets, revealing that gold and aluminum are the most desirable metals for investment. The research also found that copper and zinc have the largest spillovers on global equity indices.
Researchers at Pusan National University have developed a new model using 'double Mellin transforms' and the 'method of dimension reduction' to accurately price vulnerable exchange options. The model provides an effective and accurate mathematical solution, enabling quick deployment without long calculations.
A new study by the University of Birmingham finds that employment fears and precarity are driving the rise of popular extremist parties across Europe. The 'precariat' – disaffected citizens feeling insecure about their jobs – is voting for radical populist parties on both the right and left.
A new UC Riverside-led study found that people tire from repetitive questions and tend to give similar answers, leading to unreliable data in surveys. To improve accuracy, researchers suggest using process-tracing and ensemble methods with multiple measurement techniques.
The global chemical industry aims to recover from the pandemic while addressing consumer demand for sustainable products. Investments in carbon capture and clean technology will continue to rise, while companies rethink packaging and manufacturing methods to reduce waste.
A new study shows that California's legalized marijuana industry has boosted financial institutions' assets and loan activity, but restricted access to banking perpetuates inequities for licensed growers. The research highlights the need for regulatory changes to create new opportunities for both industries.
A study by HSE University economists found that LEGO sets have a significant price growth rate on the secondary market, outperforming traditional investments. The authors analyzed 2,322 sets from 1987 to 2015 and discovered prices of rare sets can increase by up to +600% annually.
A recent study found that robots negatively impact marriage stability and fertility, while improving gender pay equity. The research revealed that exposure to industrial robots worsens men's economic stature and reduces their ability to form long-term commitments, but boosts women's earnings and increases their labor force participation.
The article examines how the pandemic affected the protein sector's food supply chains, discussing lessons learned from the experience. The authors highlight the importance of building food supply chain resilience through improved efficiency and technology adoption, but warn that larger firms may pose a threat to smaller local systems.
Conservatives believe bodily markets violate human body sanctity, while liberals see them as exploitative. This study found liberals support laws punishing buyers over sellers, whereas conservatives back laws punishing both parties.
A new study by University of Pittsburgh researchers links econometric models with production profitability to predict the impact of demand shocks on carbon intensity. Small shocks are predicted to displace heavy crudes with higher carbon intensity, but the relation may be counterintuitive.
A new Stanford-led study suggests that decreasing oil demand leads to larger-than-expected carbon reductions, as the impact varies depending on market factors. The research takes into account the global oil market's structure, including perfect competition, oligopoly, and cartel scenarios, to estimate climate benefits.
For the second consecutive month, unemployment declined for people with and without disabilities, according to nTIDE September 2021 COVID Update. However, levels remain higher than pre-pandemic levels for both groups, with people with disabilities looking for work at rates higher than before the pandemic.
Research at RMIT University uses Getty's top lists of editorial pictures to analyze daily investor sentiment, predicting stock market returns based on global mood. The algorithm produces a daily score from 10 popular photos, providing a quick snapshot of investment mood across developed and emerging economies.
A new study in Management Science shows that newspapers offering free digital content to subscribers can lead to a significant increase in subscription retention and revenue. By activating paywall access, subscribers are less likely to cancel their subscriptions, contributing to higher subscription revenues.
A new study by Carnegie Mellon University researchers found that Airbnb units cause a mild decrease in long-term rental supply, including affordable housing, while expanding the rental market. The study suggests a new tax to alleviate resulting inequities and maintain social equality.
A new study from the University of Illinois evaluates fintech systems in 16 emerging markets, finding that digital technologies improve access to financial services. However, vulnerable populations face barriers to usage due to digital literacy, cost, and limited consumer protections.
A new study funded by FDA and HHS suggests that continuous manufacturing (CM) processes could make pharmaceutical production in the US more attractive than investing in China or India. The findings show that CM processes were more economical than current batch processing, particularly under current US corporate tax rates.
A groundwater market in California's Mojave desert stabilizes resources and increases property values by 200%, generating a net benefit of at least $400 million. The cap-and-trade system enables water to be used more productively while compensating original owners.
A recent study by South Ural State University analyzed the relationship between informal employment and labor productivity in Russia. The researchers found that regions with high shares of informal employment experience volatile labor markets, which can negatively impact labor productivity and gross regional product.
A new grant initiative aims to increase Tennessee's hardwood exports to Vietnam, leveraging the state's top three hardwood lumber-producing status. The project will assess market opportunities and provide trade insights, with the goal of capturing increased market share in Vietnam.
Researchers used electricity market data to estimate short-run economic impact of COVID-19 in Europe, finding countries with severe outbreaks faced harsher recessions. Early and coordinated containment policies reduced financial and mortality impacts.
A new study finds that distinctive license plates in Greece are more likely to appear on luxury cars, suggesting a market for bribery to obtain more desirable plates. This phenomenon is seen as a form of conspicuous corruption, where the value of the plate lies not in its price but in the hint of rule-breaking.
Researchers at Technical University of Munich have developed a new machine learning algorithm that can analyze complex markets and their equilibrium strategies. This breakthrough has potential applications in auction theory, wireless spectrum auctions, and more.
Analysis shows US workers in weather-exposed industries work fewer hours on hot days during economic growth, but not during recession. The study predicts $80 billion in lost wages by 2090 due to high-heat labor conditions.
A new study by Abhi Bhattacharya, Neil Morgan, and Lopo Rego finds that most of the variance in the market share-profit relationship is explained by market power and quality signaling mechanisms. The researchers also identify conditions under which market share can be negatively related to firm profits, such as niche strategy firms and...
A new study identifies four key challenges faced by sharing economy consumers, including reconciling goals and values, managing risk, and personalizing experiences. Researchers also uncover mechanisms and actions that help consumers navigate these challenges, creating value in the process.
The number of unemployed people with and without disabilities has stabilized, but at levels higher than pre-pandemic levels, indicating many people have not yet returned to the labor market. Public health concerns, such as the spread of the delta variant, warrant caution and may lead to increased furloughs.
Researchers found no significant statistical or economic difference in yield or revenue between discriminatory and uniform auctions. The study suggests that Treasuries worldwide can shift focus away from auction rules towards market stability and primary dealer systems.
Experts from European and US universities warn that new EU battery regulations could hinder the global transition to electric vehicles if not implemented globally. The researchers argue that a coordinated, global approach is needed to make the supply chain predictable and powerful.
The employment-to-population ratio for working-age people with disabilities increased from 30.4 percent in May to 31.5 percent in June 2021, nearing pre-pandemic levels. The labor force participation rate also showed a significant increase, reaching its highest level since July 2009.
Researchers found that Bronze Age weight systems emerged gradually in a westward spread from Mesopotamia to Europe, with similar units of weight used across the region. The study suggests that free entrepreneurship drove the emergence of accurate weight systems, enabling merchants to interact freely and establish profitable partnerships.
Research by Ted Loch-Temzelides finds that fungal networks resemble competitive markets, where resources are allocated to maximum benefit. This understanding could aid in mitigating climate change by optimizing carbon storage in soils.
A new study from Ohio State University found that Americans consistently overestimate the chances of Black Americans moving up the economic ladder, with a 16% difference compared to actual likelihood. Recognizing racial disparities helps people calibrate their beliefs.
A new study by the University of Texas at Dallas examines the gray area between lobbying and bribery among multinational companies, especially in countries with weak institutional development. Firms from developed countries are more likely to influence host countries through lobbying, even when bribery is expected.
Researchers found that more traditional perceptions of gender roles are associated with lower employment rates and lower personal income for women. The study suggests that changing cultural norms through education and publicity is necessary to address employment inequality in China.
A new study explores how banks' expectations about climate-related risks affect the low-carbon transition. The researchers developed a model to assess the transmission channels of two main policies: a carbon tax and a green supporting factor.
A new study by MIT economists Gabriel Chodorow-Reich, Plamen T. Nenov, and Alp Simsek reveals that increased stock market wealth has moderate but clear economic effects. After analyzing data from the US on a county-by-county basis, they found that people spend about 3.2 cents per year out of each increased dollar of stock wealth they p...
Oncotarget, a journal honoring achievements and accomplishments of local businesses, has received the 2021 Best of Orchard Park Award for its exceptional marketing success. The award recognizes companies that enhance the positive image of small business through service to customers and the community.
A study by Elena Fedorova and colleagues found that Donald Trump's tweets about Russia caused noticeable depreciation of the rouble. The authors controlled for other variables such as oil prices and sanctions to isolate the impact of Trump's tweets on the exchange rate.
A recent study from Cornell and Tufts universities reveals that water scarcity is a globally connected phenomenon, with local conditions having reverberations across the globe. The research found that global trade dynamics and market adaptations to regional water scarcity result in positive and negative economic outcomes for every regi...
A team of international researchers has identified four discrete curvatures as excellent indicators of market instabilities in the stock market networks for the USA S&P500 and Japanese Nikkei-225 indices. The Forman-Ricci curvature (FRE) captures market fear and fragility, revealing sector-driven and global market fluctuations that fac...
China businesses are using digitalization to adapt to the pandemic, expanding stakeholder engagement and prioritizing social responsibility. SMEs can benefit from these strategies to improve performance and survive the crisis.
A new three-year project led by the University of Minnesota Sea Grant aims to determine the potential for a sustainable food-fish aquaculture industry in Minnesota. The study will assess production costs, consumer demand, and market priorities to help producers estimate profit margins.
A new machine learning model uses computer algorithms to measure poverty in different countries, providing a more holistic and multi-dimensional approach. The model can predict future poverty levels and plan interventions to alleviate the problem.
A new statistical approach called Ecosystem Accounting allows governments and banks to calculate the worth of natural dividends, including fish stocks and carbon sinks. This shift aims to create a more inclusive wealth measurement that accounts for health, skills, and community value.
Researchers find that platform protection insurance increases product orders and variety-seeking behavior among buyers, while boosting customer retention and acquisition for sellers. The study also reveals that PPI acts as a reputable quality signal to reduce transaction uncertainty and purchase risks on the sharing platform.
Researchers investigate whether blockchain technology generates value for firms, particularly in asset-backed securities (ABS) issuance. Blockchain-based ABS can address information asymmetry, providing transparency and a level playing field for market participants.
A new study finds that bridge construction in rural Nicaragua significantly increases integration, leading to substantial positive economic impact on rural economies. Bridges also increase labor income for households in non-flood periods and agricultural productivity, resulting in higher profits and investments.
A new research project at Aarhus University will use Bayesian Neural Networks to model, analyse and understand trading behaviour in the world of finance. This technology is expected to improve our understanding of financial data by providing probability distributions based on complex data.
A NYU health economist expects a Biden administration to restore the US Affordable Care Act's original functionality and implement a more effective pandemic response. A Public Health Job Corps could be established to conduct contact tracing and improve global preparedness against future pandemics.
A study by economist Amelie Schiprowski found that regular caseworker interaction is crucial for reintegration, reducing unemployment spells by an average of five percent. The quality of support also plays a significant role, with less productive caseworkers having no negative impact on unemployment duration.
The Journal of Public Policy & Marketing explores key topics like elections, voting, corporate political advocacy, and consumer political identities. Articles discuss strategies for marketing and research, highlighting the impact on stakeholder behaviors and policy implications.
A three-year research project funded by the USDA aims to analyze consumer preferences for US beef and estimate demand in select countries. The study will provide insights on economic implications of trade policies and strengthen the US beef export market.
A new study finds that loose networks benefit men in uncertain work environments, while tight networks favor women. This difference in networking structure contributes to wage disparities between men and women in high-risk occupations.
Research by University of Illinois experts links industry concentration to lower wages and benefits for workers in buyer-constrained industries. The study reveals that market constraints reduce economic surplus available for union bargaining, curbing wages and harming job quality.