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Articles ( Showing 1-20 of 69 items)
Searched for: [ Keywords: "Land pricing" ] clear all
Journal Article
Protection in DRM and pricing strategies for digital products considering quality degradation
by Linlan Zhang  and  Yu Zhang
Abstract
In this paper, we develop a model in which a monopolistic firm manufactures and sells a digital product, by incorporating digital rights management (DRM), quality degradation of pirated products, and government copyright enforcement into the consumer’s utility function. We determine the monopolist’s optimal pricing strategies and the appropriate DRM protection level [...] Read more

Journal Article
Housing Prices and Land Use Regulations: A Study of 250 Major US Cities
by Theo S. Eicher
Abstract
Income and population growth are key determinants of housing demand, while land use regulations are designed to affect housing supply. Previous studies of housing price determinants focus either on specific regulations in particular cities/regions, or on selective subsets of major cities and regulations. This study examines the impact of land use regulations on housing prices f [...] Read more

Journal Article
State intervention in land pricing and endogenous risk aversion
by Yong He
Abstract
This study explores the cause and effect of endogenous risk aversion in land pricing, where state intervention through taxation remains a general practice. Using a consumption-based asset pricing model incorporating taxation, it is shown that high taxation, due to the indexation effect, supporting land prices and reducing individuals' risk expectations, could lead to an endogen [...] Read more

Journal Article
Impact of Social Capital on Land Arrangement Behavior of Migrant Workers in China
by Minglei Zhu , Xiaowei Song  and  Wenxin Chen
Abstract
In China, the land arrangement behavior of over 160 million rural-urban migrant workers is closely related to the optimal allocation of rural land resources and sustainable development of urban and rural areas. Although previous studies show that social capital affects migrant workers’ land arrangement behavior, few empirical studies reveal the relationship between them, [...] Read more

Journal Article
Gender Disparities in Land Rights a Myth or a Reality? Case studies of the situations in Kenya and Tanzania
by Sule Ayannor Issaka
Abstract
All things being equal, and in a truly democratic world, one will expect that the fact that women are the majority in almost every single community of the world should guarantee them at least equal control or ownership over resources and enjoy most of the rights and privileges in that particular community. But things seem not to be working that way as evidence from the literatu [...] Read more

Journal Article
Dynamic Competitiveness of Foreign and Domestic Price: Evidence from an Autoregressive Dynamic Model
by Mustapha M. Abdullahi , Mansur Abdullahi  and  Maryam Bala Adamu
Abstract
Nigeria, as an import-dependent economy, has seen its inflation rate rise over the years, which might be ascribed to structural causes and imported consumer products. The Autoregressive distributed lag model was used to determine the competitiveness of domestic and foreign prices. In the short run, domestic and international pricing complement each other, but in the long run, t [...] Read more

Journal Article
Macroeconomic Drivers of Electricity Prices in Nigeria
by Mansur Bala , Nasir Ahmad Moyi  and  Umar Muhammad Gummi
Abstract
Electricity price volatility in developing economies, particularly Nigeria, presents a significant challenge to sustainable development. In this paper, we examine the macroeconomic drivers of electricity prices (ELP) in Nigeria based on annual data spanning 1980-2022 and the autoregressive distributed lag (ARDL) procedure. Our model estimates the long-run and short-run impacts [...] Read more

Journal Article
Does Higher Price Transparency Imply Lower Prices and Less Price Dispersion in Healthcare Markets? An Empirical Analysis of the Effects of Compliance with the Hospital Price Transparency Final Rule in the Greater Los Angeles Area
by Sebastian van Baal  and  Jordan M. Strang
Abstract
The Hospital Price Transparency Final Rule aims at reducing the cost of healthcare in the United States by making information about the prices of medical services more readily available to market participants. The economic rationale is that higher price transparency should reduce the level and the dispersion of prices by disincentivizing hospitals from charging higher prices th [...] Read more

Journal Article
Effects of Education Equalization Measures on Housing Prices: Evidence from a Natural Experiment in Suzhou, China
by Shang Xie , Muhammad Ateeq ur Reman  and  Kang Mao
Abstract
Educational equity is the foundation of social equity, and education equalization is one of the serious issues to be solved by the government. This work considers one education equalization reform conducted by Suzhou Industrial Park of China, namely, the comprehensive "five to nine" (CFTN) housing purchase admission qualification adjustment policy, as an example and uses the re [...] Read more

Journal Article
Aggregate Investor Sentiment and Time-Varying Price Discovery: Evidence from the Options Market
by Yaping Zhou  and  Dayong Lv
Abstract
Previous literature shows that the price-discovery ability of options market varies substantially over time. Using data of Shanghai Stock Exchange 50 exchange-traded fund options, this paper shows that options prices contribute relatively less to price discovery during low-sentiment periods, but the price-discovery ability of options market remains unchanged during high-sentime [...] Read more

Journal Article
Modeling the Potential Impact of Government Regulation on Cryptocurrency Prices
by Kylie LoPiccolo  and  Francis Parisi
Abstract
Cryptocurrencies have gained popularity over the past five to six years. Most recently, events like the FTX bankruptcy fueled the interest in regulation. Moreover, it is possible that the FTX event disrupting the cryptocurrency market was a factor in Silicon Valley Bank's failure. While several countries consider regulation, from soft regulation, like Japan, to more rigid stand [...] Read more

Journal Article
Interactive influence of house prices and the repo rate on household debt in South Africa
by Juniours Marire
Abstract
The recent interest rate policy decisions of the South African Reserve Bank have been criticized significantly by left-leaning political parties and civic society organisations for being anti-poor, anti-labour, and pro-capital because of their implications for household debt. Existing literature has established that interest rates and house prices are insignificant determinants [...] Read more

Journal Article
An AI-Enhanced Forecasting Framework: Integrating LSTM and Transformer-Based Sentiment for Stock Price Prediction
by Diego Vallarino
Abstract
Forecasting stock prices remains a fundamental yet complex challenge in financial economics due to the nonlinearity, volatility, and exogenous shocks characterizing market behavior. This paper proposes a hybrid deep learning framework that integrates Long Short-Term Memory (LSTM) networks for time-series modeling with Transformer-based architectures for textual sentiment extrac [...] Read more

Journal Article
The Effect of Public Contract Winning Announcements on Share Prices: An Event-Based Study on the Pharmaceutical Industry
by Eyden Samunderu  and  Anita Yordanova
Abstract
The purpose of this paper is to examine and elucidate the effect of the announcement of winning a US federal contract by pharmaceutical companies, traded on the NASDAQ stock exchange on the share prices. The analysis is based on a sample of 327 event days from 12 pharmaceutical companies listed on the NASDAQ market for a given period (2010 – 2021). The sample is analysed [...] Read more

Journal Article
Microblogging Perceptive and Pricing Liquidity: Exploring Asymmetric Information as a Risk Determinant of Liquidity in the Pandemic Environments
by Jawad Saleemi
Abstract
Liquidity can be a real phenomenon for execution of the financial holding. Its risk falls in debate to impose a conditional cost on the counterparty. The time-varying liquidity is often linked to the expected fundamental value of an investment. In this work, the microblogging-based informed transaction is examined as a determinant of the liquidity-facilitating cost. Most import [...] Read more

Journal Article
Systematic Sentiment Risk & Market Liquidity: Systematic Liquidity Pricing in Light of the Microblogging Content
by Jawad Saleemi
Abstract
Investors are keenly interested in the risk of informed trading, as it can have an immediate impact on transaction costs imposed by liquidity providers. This paper examines microblogging-based informed trading as a systematic risk for liquidity at both market and firm levels. Assets at firm level were categorized into financial and non-financial perspective. In this context, th [...] Read more

Journal Article
Carbon emissions trading price forecasts by multi-perspective fusion
by Chong Zhang  and  Zhiying Feng
Abstract
The precise prediction of carbon emissions trading prices is the foundation for the stable and sustainable development of the carbon financial market. In recent years, influenced by a combination of factors such as the pandemic, trading regulations, and policies, carbon prices have exhibited strong random volatility and clear non-stationary characteristics. Traditional single-p [...] Read more

Journal Article
Assessment of exchange rate determination in a mono-resource economy: A case of Nigeria
by Nakorji Musa , Oji-okoro Izuchukwu  and  Seyi Saint Akadiri
Abstract
This study examined the determinants of the exchange rate in a mono-resource economy, during the period of currency and oil price fall in Nigeria. The aim of the study is to ascertain the potentiality of economic diversification (non-oil export) in saving the falling value of the domestic currency, as well as, its stability. The study employed the use of monthly data from the C [...] Read more

Journal Article
ESG-focused hedge fund activism
by Derwis Dilek
Abstract
Investment funds are increasingly focusing on ESG issues, seeking to contribute to improving environmental, social, and governance concerns. ESG-focused investing involves promoting good ESG performance and may result in a decrease in expected financial returns. This may lead to a conflict between solely profit-focused shareholders and ESG-focused investors, who may respond acc [...] Read more

Letter
Government deficit and “The World’s smallest macroeconomic model” by Paul Krugman
by Yasuhito Tanaka
Abstract
In his "The World’s smallest macroeconomic model” (Krugman (1999)), Paul Krugman argued that under the assumption of price rigidity, a shortage of money supply leads to underemployment or recession, so increasing money supply can eliminate underemployment and restore full employment. But, how do we increase the money supply? I will show that we need a government def [...] Read more