Article
Energy & Fuels
Gaurav Kansal, Rajive Tiwari
Summary: Mathematical modelling is used to analyze the impact of demand response programs on electricity market, with a focus on price elasticity and customer participation. The proposed models integrate analytical and stochastic elasticity approaches to simulate load flexibility and accurately model customer behavior.
SUSTAINABLE ENERGY GRIDS & NETWORKS
(2023)
Article
Geosciences, Multidisciplinary
Chiara D. D'Alpaos, Paolo Bragolusi
Summary: The majority of Italian buildings do not meet adequate aseismic design standards and are at risk of earthquakes. Seismic retrofitting plays a crucial role in reducing vulnerability and generating market price premiums for retrofitted buildings. This paper estimates the market price premiums of seismically retrofitted buildings in Italy using a survey-based method.
INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION
(2022)
Article
Fisheries
Sandip Mitra, Most Nilufa Khatun, Md Masudul Haque Prodhan, Md Akhtaruzzaman Khan
Summary: This study investigated the preferences of consumers for capture and culture fishes, finding that the capture fish had higher quality but lower availability and control, leading to higher market prices; although consumers preferred the capture fish for its freshness and price, the culture fish was also popular due to its larger size. Factors influencing consumer willingness to pay more for capture fish included average price, firmness, and household family size, while increased belly swelling led to decreased market prices.
Article
Environmental Sciences
Qinyun Wang, Xindi Xu, Kaipeng Liang
Summary: This study found that environmental regulation has negative impacts on the revenue and profit of listed companies in the Chinese cement market, mainly due to the relatively large elasticity of market demand preventing enterprises from passing regulatory costs through to consumers. The policy led to an 8% increase in cement prices, but also a 16% decrease in cement consumption.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Business
Ahmed Rachid El-Khattabi, Shadi Eskaf, Julien P. Isnard, Laurence Lin, Brian McManus, Andrew J. Yates
Summary: The study found that households with heavy water usage are more price sensitive in the residential water market, and price elasticity is not related to household wealth, suggesting that price-based rationing can be an effective tool in reducing water usage.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2021)
Article
Pharmacology & Pharmacy
Mingyue Zhao, Peng Nie, Jing Wu
Summary: This study examined the price elasticity of medicine demand in different therapeutic drug categories and types in China, finding variations in elasticity across drug categories and the impact of quality differences, unfair competition, and illegal rebates on price elasticity. The results showed that anti-tumor and CVD drugs had the least elasticity, while antimicrobial drugs had the most elasticity. This study highlights the role of disease type and drug quality in shaping price elasticity in the Chinese medicine market.
FRONTIERS IN PHARMACOLOGY
(2021)
Article
Energy & Fuels
Stefanos G. Baratsas, Alexander M. Niziolek, Onur Onel, Logan R. Matthews, Christodoulos A. Floudas, Detlef R. Hallermann, Sorin M. Sorescu, Efstratios N. Pistikopoulos
Summary: This study utilizes the Energy Price Index (EPIC) to design, optimize, and assess energy-intelligent tax policies, addressing the issue of lack of actual energy demand and price data through a rolling horizon methodology. The research shows excellent robustness in predicting energy demand, even in the face of unforeseen events like COVID-19, and presents the potential impacts of raising gasoline and carbon taxes.
Article
Food Science & Technology
D. Klenert, F. Funke, M. Cai
Summary: Consumption taxes on meat have been considered in European countries to achieve sustainable food systems, but concerns about the burden on low-income households exist. This study compares different meat tax designs and revenue recycling mechanisms and finds that meat taxes are slightly regressive, but can be mitigated through revenue recycling. Lowering value-added taxes on other food products using meat tax revenues can also dampen the regressive effect.
Article
Food Science & Technology
D. Klenert, F. Funke, M. Cai
Summary: This study compares the distributional effects of taxing meat products on low-income households and explores different revenue recycling mechanisms. It finds that uncompensated meat taxes are slightly regressive in European countries, but this effect can be reversed through uniform lump-sum transfers.
Article
Horticulture
Ariel Soto-Caro, Tianyuan Luo, Feng Wu, Zhengfei Guan
Summary: Sweet potato production has been growing rapidly in the United States, but is facing challenges such as disease outbreaks and adverse weather events. This study examines the price response to supply changes in the sweet potato market and finds that prices are highly sensitive to supply, with North Carolina exerting the largest influence.
Article
Thermodynamics
Kabelo Masike, Cobus Vermeulen
Summary: This paper estimates the price and income elasticity coefficients of domestic electricity demand in South Africa from 1980 to 2018. It finds that electricity consumption was unresponsive to price changes when real electricity prices were falling, but the price elasticity coefficient increased markedly when real prices started increasing. Policymakers should take note that aggregate price sensitivity is notably higher when real prices are increasing, potentially leading consumers to switch to alternative energy sources.
Article
Geosciences, Multidisciplinary
Jogasankar Mahaprashasta, Pranab Mukhopadhyay, Subhrendu K. Pattanayak
Summary: The study reveals that flooding can have a significant impact on the rental value of households in Cuttack, Indian city. Households are willing to pay a considerable amount to avoid flooding, which has implications for urban sustainability and funding public infrastructure in low and lower-middle-income countries.
INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION
(2021)
Article
Economics
Katarzyna Maciejowska, Weronika Nitka, Tomasz Weron
Summary: Recent years have seen rapid development of renewable energy sources globally, with predictions of RES and demand levels recognized as key factors for future electricity prices. Bias in forecasts of fundamental variables published by TSOs can be improved with simple regression models, resulting in more accurate price predictions and increased revenues.
Article
Environmental Sciences
Adam M. Komarek, Shahnila Dunston, Dolapo Enahoro, H. Charles J. Godfray, Mario Herrero, Daniel Mason-D'Croz, Karl M. Rich, Peter Scarborough, Marco Springmann, Timothy B. Sulser, Keith Wiebe, Dirk Willenbockel
Summary: In the coming decades, global demand for livestock-derived foods is projected to increase, with the fastest per person growth in South Asia and sub-Saharan Africa; per person demand for red meat in high-income countries may decline, largely due to rising red meat prices.
GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS
(2021)
Article
Environmental Studies
Lawrence Madziwa, Mallikarjun Pillalamarry, Snehamoy Chatterjee
Summary: This article uses the ARDL model to forecast annual gold prices, and through Granger causality analysis and comparison with two other forecasting methods, it concludes that the ARDL model is the best method for predicting annual gold prices.
Article
Engineering, Electrical & Electronic
Krishnendranath Mitra, Goutam Dutta
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS
(2018)
Article
Business, Finance
Krishnendranath Mitra, Goutam Dutta
Summary: This study presents a novel method for segmenting the retail electricity market in a university setting, conducting experiments on differential pricing with 173 respondents and using cluster analysis and discriminant analysis for consumer classification. The research also reveals that in some cases, consumers are willing to pay prices about five times higher than the current average price.
JOURNAL OF REVENUE AND PRICING MANAGEMENT
(2021)
