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Full-Text Articles in Econometrics
Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas
Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas
Zea E-Books Collection
doi:10.13014/K2416V8V
This book presents a multi-market framework of market and policy analysis that explicitly accounts for the empirically relevant heterogeneity in consumer preferences and producer characteristics. The explicit consideration of consumer and producer heterogeneity represents a significant departure from the representative consumer and producer that have been at the center of most of the literature on market and policy analysis, and enables the distributional impacts of changes in market conditions and policies to be fully identified. The framework is used to analyze the system-wide market and welfare impacts of a number of changes in market conditions (like changes in consumer …
Price Escalation Verification Project - A Consultants’ Report, Tarun Kabiraj
Price Escalation Verification Project - A Consultants’ Report, Tarun Kabiraj
Monographs
At the request of Coal India Limited (CIL) the “Price Escalation Verification Project” has been undertaken by a team of the Economic Research Unit, Indian Statistical Institute. The project examines the escalation clause associated with the price index formula to be used in contract agreements between CIL and Mine Developers.
The existing formulae for price escalation, both for open cast and underground coal mining, have been examined and certain modifications along with justification have been proposed. Using illustrative examples, it is found that the suggested escalation formulae have significant impact on the final prices.