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A study of Canadian retail gasoline pricesEckert, Andrew 11 1900 (has links)
This thesis presents an analysis of the pricing behaviour of firms in Canadian retail
gasoline markets. The time series of retail prices for certain Canadian cities can be
categorized as exhibiting one of two distinct patterns. In many cities, retail prices
remain unchanged for many weeks at a time, despite frequent changes to the
wholesale gasoline price. In other cities, retail prices cycle, increasing sharply, and
declining more slowly. This thesis addresses questions arising from the observation
of these patterns.
The first essay considers a theoretical model of price setting behavior, and asks
whether the number of stations operated by each firm in a market can determine
whether constant prices or price cycles are observed. Constant prices are found to
exist only when firms are of similar size. On the other hand, cycle equilibria can be
constructed when the firms are of similar size, but also when their sizes differ
greatly. Evidence of a negative relationship between price stability and the presence
of small firms is also found through an examination of a panel data set of retail
prices for a number of Canadian cities.
The second essay examines the response of retail prices to wholesale price
movements in the presence of a retail price cycle. A simple model based on the
predictions of the theory is constructed, and estimated using data for the city of
Windsor, Ontario. I find that a new cycle is initiated by a price increase whenever
the distance between the previous retail price and the current wholesale price
becomes sufficiently small. In addition, retail prices are found to be more
responsive to wholesale prices over the increasing portion of the cycle. Finally,
when the asymmetric error correction model of Borenstein, Cameron, and Gilbert
(1997) is estimated, a more rapid response to wholesale price increases than to
decreases is indicated. This asymmetry is shown to be consistent with my structural
model, which thus provides an additional potential explanation for the regularities
found in previous studies. / Arts, Faculty of / Vancouver School of Economics / Graduate
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Wholesale Beef Futures ContractThompson, Robert Stanley 10 August 2018 (has links)
A wholesale beef futures contract has been suggested as a possible solution to recent problems in live cattle futures. However, it is uncertain whether the new futures contract will outperform the existing contract. In this research, I develop methods to derive a price series that is theoretically sound for a hypothetical futures contract. This allows for the evaluation of this hypothetical wholesale beef futures contract. I test these methods for validity using futures markets for hogs and find that they are similar in accuracy to a futures valuation model for existing futures. Then I derive a price series for this hypothetical wholesale beef futures contract and evaluate its effectiveness as a risk management tool.
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Determination of months of maximum effectiveness for certain factors affecting wheat prices on the Kansas City marketHendrix, George Elwin. January 1932 (has links)
Call number: LD2668 .T4 1932 H41
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Asset prices under short-sale constraintsBai, Yang, 柏楊 January 2006 (has links)
published_or_final_version / abstract / Business / Doctoral / Doctor of Philosophy
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Extension of price-trend models with applications in financeCheng, Lap-yan., 鄭立仁. January 2007 (has links)
published_or_final_version / abstract / Statistics and Actuarial Science / Master / Master of Philosophy
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Predicting the impacts on residential property values from changes in water qualityDoverspike, Mark Steven 18 April 1980 (has links)
Eutrophication is the accelerated aging process of a lake which
generally decreases the water quality in terms of aesthetic and recreational
uses. At Liberty Lake, near Spokane, Washington, eutrophication
has become a problem. Many individuals and agencies are interested in
the benefits that occur when the lake's water quality has improved.
In this research the benefits to private property owners were
measured at Liberty Lake. Three methods — present sales, appraised
value and personal interview — were compared and empirically tested to
determine the economic benefits to private property owners as well as the
overall community impact. For this study property was defined as land,
buildings and other improvements.
Current market sales and appraised values at six different lakes,
each with different water quality levels, were used as the dependent
variables for the present sales and appraised value methods. The dependent
variables were regressed against several factors including physical
(.housing, neighborhood, accessibility, and environmental characteristics)
to estimate the effect water quality had on property values. A quadratic
and double logarithmic function were examined. In the results a positive
relationship was found between water quality and the dependent variables.
A 100 percent increase in the water quality ranking resulted in
a $3,800 increase in the sales price per lot and $884 increase in the
appraised value per lot for the quadratic function.
Separate equations were determined for vacant lots. The dependent
variables were the same, but only neighborhood, accessibility and environmental
characteristics were used to estimate the effect water quality had
on property values. In the quadratic form with a 100 percent increase in
the water quality ranking, sales price increased $556 per lot and appraised
value increased $782 per lot.
In the personal interview method home owners at Liberty Lake were
interviewed and asked for how much they would be willing to buy and sell
a particular home at different water quality levels. The differences
between the two buying and selling prices were the estimated impact of a
change in water quality and totaled $4,795 and $5,679, respectively.
Both differences were significant at the one percent level. The buying
price difference was used when comparing the personal interview method to
the other methods, since it was less likely to overestimate the water
quality effect.
This research used the best water quality index available, but there
is a definite need for future research to develop a uniform water quality
index. / Graduation date: 1980
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An empirical examination of the explanatory power of accrual earnings versus cash flows : UK industrial sectorMadani, Haider H. January 1995 (has links)
No description available.
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PUT OPTIONS ON COTTON FUTURES CONTRACTS AND ALTERNATIVE MARKETING STRATEGIES.Al-Sakkaf, Ghazi Ahmed, 1956- January 1986 (has links)
No description available.
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Valuation of single-factor interest rate derivativesSorwar, Ghulam January 2000 (has links)
No description available.
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The consitent pricing of interest rate optionsKuan, Chia-Hsuan January 2002 (has links)
No description available.
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