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Limit price
About: Limit price is a research topic. Over the lifetime, 4865 publications have been published within this topic receiving 148546 citations.
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TL;DR: In this article, a model of buyer behavior from a search-theoretic perspective was developed to determine whether list price contains useful information for anticipating trends in eventual transactions prices, and they found that the list price may lead the market when functioning as a signal of seller intent, but list price will probably lag a market driven by buyer willingness to purchase.
Abstract: To determine whether list price contains useful information for anticipating trends in eventual transactions prices, we develop a model of buyer behavior from a search-theoretic perspective. Using data from the Baton Rouge, Louisiana, housing market between 1985 and 1992, we estimate separate price indexes with list price and selling price as the respective dependent variables in the hedonic regressions. Consistent with our theory, we find that the list price may lead the market when functioning as a signal of seller intent, but list price will probably lag a market driven by buyer willingness to purchase. Granger causality tests conducted on quarterly data for the eight-year study support listing price as a leading indicator of selling price. However, an examination of the indexes around the period of market reversal suggest otherwise. Indeed, listing prices appear to contain the least useful information at the times when information would be most valuable: at the peaks and troughs of the market cycle.
80 citations
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TL;DR: In this paper, the authors investigated the effect of price subsidies on the rate of market diffusion of new, alternative energy systems and developed a model to investigate analytically the effects of a price subsidy over time.
Abstract: Due to the risk inherent in dependence on foreign oil, there is a social benefit in aiding the introduction of alternative energy sources into the market place. The Federal government has initiated a number of programs, including price subsidies, to help accelerate the market diffusion of new, alternative energy systems.
We develop a model to investigate analytically the effects of a price subsidy over time on the rate of market diffusion. The model considers word-of-mouth effects and learning curve cost declines. Under a set of conditions that a new technology should be expected to meet before commercialization, the optimal subsidy level is shown to be nonincreasing in time. The related market price is shown to be closely related to the diffusion effect. If there is no such effect, the price to the customer is constant. If there is positive diffusion effect, price increases in time, while if market saturation causes demand to decline over time price decreases in time.
80 citations
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TL;DR: In this paper, the simultaneous determination of supply, demand and price in the competitive Norwegian electricity market is analyzed, using weekly data from 1994 to 1995 data for 1996 are used for post-sample examination of the model.
79 citations
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TL;DR: In this article, it was shown that if the number of commodities is greater than two, then every pattern of equilibria compatible with the above referred to properties can arise from an economy in the class we consider.
79 citations
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TL;DR: In this paper, the problem of determining the retailer's optimal price and lot size simultaneously under the condition of permissible delay in payments is considered, where the customer's demand rate is represented by a constant price elasticity function which is a decreasing function of retail price.
79 citations