Showing papers on "Factor price published in 2022"
TL;DR: Wang et al. as discussed by the authors proposed a new method, the time-varying elasticity production function model, to measure the price distortions of capital and labor factors, and provided a new production function for correctly measuring factor price distortions and helps understand China's factor market reforms and structural changes.
12 citations
TL;DR: Wang et al. as mentioned in this paper proposed a new method, the time-varying elasticity production function model, to measure the price distortions of capital and labor factors, and provided a new production function for correctly measuring factor price distortions and helps understand China's factor market reforms and structural changes.
12 citations
10 Jun 2022
TL;DR: In this paper , the authors focus on three important price judgments: price fairness, price magnitude, and price expectation, and determine underlying differences in these three price judgments, which are based on conceptualizing price fairness as a combination of affective and cognitive components.
Abstract: This dissertation addresses three important price judgments: price fairness, price magnitude, and price expectation. Developed over three chapters, the main objective of this research is to determine underlying differences in these three price judgments. These differences are based on conceptualizing price fairness as a combination of affective and cognitive components, whereas price magnitude and price expectation reflect different cognitive aspects of price judgment. Chapter 1 provides a literature review and identifies several research questions related to these three price judgments; Chapters 2 and 3 provide testable hypotheses and conduct three pretests and two experiments to test the hypotheses. Using structural equation modeling and repeated measures ANOVA, the interrelationships, the antecedents, and the consequences of these price judgments are described and analyzed. Chapter 2 examines the effects of focal price, locus of control, judgment environment, and judgment/intent order on price fairness, price magnitude, price expectation, and purchase intent. Chapter 3 examines the effects of focal price, judgment environment, mood, and processing fluency on the three price judgments and their subsequent effects on purchase intent and anger.
2 citations
TL;DR: In this article , a multi-sector Eaton-Kortum model was developed to investigate the relative importance of skill-biased factor-augmenting technologies and output-mix.
1 citations
TL;DR: This article showed that the non-traded sector alone alone drives the increase in hours worked following a technology shock that increases permanently traded relative to nontraded TFP, which contributes to 35% of the rise in non traded hours worked.
1 citations
TL;DR: In this article , the authors measure the extent of inefficient fluctuations in the relative price of investment in the US using an estimated two-sector New Keynesian model and find that inefficiencies in the economy are summarized by the variation in the following policy objects: the relative Price gap, sectoral output gaps, and sectoral price and wage inflation.
TL;DR: In this article , a case is made for treating price stability as being distinct from the just price and valuable in itself, and an ethical assessment of pricing can then be based on acceptable ranges for the price level and price variation.
Abstract: Orthodox price theory turns on flexible prices that move frequently to maintain market-clearing equilibrium. Fixed prices are a source of market imperfections and failures. In the traditional ethics of pricing, by contrast, prices should be set at a just norm and stay there, with only rare amendments. The current paper examines these attitudes to price variation and finds them inadequate: orthodox economics is too supportive of continual price changes, while the traditional ethics dwell too much on the just price. A case is made for treating price stability as being distinct from the just price and valuable in itself. Rather than yearning for an elusive optimum, ethical assessment of pricing can then be based on acceptable ranges for the price level and price variation.