This paper uses a variant of the IMF’s Global Economy Model (GEM) to illustrate how the macroeconomic impact on the United States of the rise in energy prices since the end of 2003 may vary depending on the source of the energy market imbalance. If oil market supply-side factors are driving prices higher, GDP will be permanently lower than it otherwise would be. However, if higher energy prices...

Abstract In this paper, we study the pricing of contracts in fixed income markets under volatility uncertainty sense Knightian or model uncertainty. The starting point is an arbitrage-free bond market about modeled by a G -Brownian motion, which drives forward rate dynamics. absence arbitrage ensured drift condition. Such setting leads to sublinear measure for additional contracts, yields eithe...

A formula for deriving the price of SEW pigs using grain, soybean meal, and market hog prices was estimated based on return on investment being equal for all three phases of production – farrow, nursery, and finish. USDA reported SEW pig prices were compared with formula-derived prices. The level of correlation between these two series was sensitive to how grain, soybean meal, and market hog pr...

We develop a continuous-time dynamic model of competition with switching costs to show that in a relatively simple Markov Perfect equilibrium, the dominant …rm concedes market share by charging higher prices than the smaller …rm. In the short-run, switching costs might have two types of anti-competitive e¤ects: …rst, higher switching costs imply a slower transition to a symmetric market structu...

A field-scale plot study was conducted at Virginia Tech’s Prices Fork Research Farm, to evaluate the transport of nutrients in runoff from manure and fertilizer applied at P-based agronomic rates to cropland planted to corn. Simulated rainfall events representing 2to 10-year storms in southwest Virginia, occurring 1 and 2 days following manure and fertilizer application were used to generate ru...

The output supply and input demand are closely interlinked to each other. Therefore, any change in input and output prices affect the input demand and output supply simultaneously. The present study used cross sectional cum time series data of Vidarbha region of Maharashtra state for cotton crop for the ten years from 1999-00 to 2008-09 were collected from the Agricultural Prices and costs Sche...

We examine the equilibrium interaction between a market for price information (controlled by a gatekeeper) and the homogenous product market it serves. The gatekeeper charges fees to ...rms that advertise prices on its Internet site and to consumers who access the list of advertised prices. Gatekeeper pro...ts are maximized in an equilibrium where (a) the product market exhibits price dispersio...

Modern 5G networks offer a large space for innovation and a completely new approach to addressing network functioning. A fixed spectrum assignment policy is a significant limitation of today’s wireless communication network practice and is to be replaced by a completely new approach called dynamic spectrum access (DSA). However, there is no general agreement on the organization of the DSA. Some...