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PED of gasoline - 1 views

economics.about.com/...gasoline_elast.htm PED price elasticity demand gasoline
shared by Zuzanna G on 19 Oct 13 - Cached
  • Clemente F on 19 Oct 13
     
    Gasoline has a very inelastic demand. It became an essential product because it is used to produce energy, to use cars and for so many other functions. This article discusses if the elasticity of gasoline may is zero or not. Even the fact they are discussing it means that gasoline is essential because if its elasticity is considered to be zero or a little more it shows how important the product is and how muche the price of the product doesn't affect significantly the demand for it.
  • Zuzanna G on 19 Oct 13
     
    This article smoothly discusses the PED of gasoline. It's worth reading because it examines it clearly and quite precisely - e.g. taking into consideration time. It shows that gas is an inelastic good, due to the fact that it's really necessary and commonly used. This text ends with a nice conclusion stating that one's never fully sure about the changes in economy.
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Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity - Forbes - 1 views

www.forbes.com/...-a-lesson-in-demand-elasticity Price elasticity
shared by Marenne M on 27 Sep 13 - No Cached
  • club-level seats in the mezzanine of MetLife Stadium are likely to cost about $2,600, as compared to the $1,250 charged for the top tickets at last year’s Super Bowl in New Orleans.
  • next-cheapest set of tickets in the lower bowl of MetLife would cost about $1,500, up from the $950 charged for second-tier seats sold in New Orleans.
  • professional sports teams typically price their inventory in the inelastic portion of their demand functions.
  • ...6 more annotations...
  • eams charge too low a price to maximize ticket revenues
  • maximum attendance
  • omplementary purchases associated with sporting attendance…such as concessions, parking, merchandise.
  • maximizing ‘revenue per seat’ as opposed to just gate revenues
  • onsiderable mark-ups for Super Bowl tickets
  • willingness to spend thousands of dollars above face in some cases merely reflects the uniqueness of the event
  • Jakub B on 27 Sep 13
     
    The author describes inelastic demand taking the Super Bowl as an example of pricing in many other sports.
  • Marenne M on 19 Oct 13
     
    This article describes how many sports events try to keep their prices low, in order to maximize attendance and thereby complementary costs such as food and parking. However, the Superbowl tickets are very expensive, and increasing in price. This is because they want to earn more money purely on ticket sales, and they believe they can make more revenue because the high prices only show how special this event is, which means there is a high demand to meet the high prices.
  • Marenne M on 19 Oct 13
     
    This article describes how many sports events try to keep their prices low, in order to maximize attendance and thereby complementary costs such as food and parking. However, the Superbowl tickets are very expensive, and increasing in price. This is because they want to earn more money purely on ticket sales, and they believe they can make more revenue because the high prices only show how special this event is, which means there is a high demand to meet the high prices.
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Cigarette taxes revenues and elasticity of demand » Bastiat's Bastions - 2 views

www.nicholls.edu/...enues-and-elasticity-of-demand elasticity cigarette taxes demand
shared by Aleksi B on 17 Oct 13 - No Cached
  • Aleksi B on 17 Oct 13
     
    The article talks about the fact of how cigarette taxes are increasing due to the elasticity of demand
  • Clemente F on 19 Oct 13
     
    Very interesting article Aleksi however I believe the taxes on cigarettes are so high also because it is a product which affects the consumer's health negatively
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Apple's Ipad Mini - 2 views

www.zdnet.com/ut-price-elasticity-7000006252 'price elasticity' apple ipad
shared by Talisha R on 16 Oct 13 - No Cached
  • Talisha R on 16 Oct 13
     
    This article shows how when the prices of luxury goods decrease, the demand increases. Usually, Apple's products are quite expensive, but by decreasing the price, it attracts more consumers which shows that their product is price elastic. When there is a change in price, this causes a significant change in demand as shown in this article.
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U.S. Oil Prices: Let the Good Times Roll - 1 views

oilprice.com/...s-Let-the-Good-Times-Roll.html equilibrium prediction oil dollar
shared by Pietro AA on 15 Oct 13 - No Cached
  • Pietro AA on 15 Oct 13
     
    A great article talking about how the equilibrium of the oil market affects currencies, especially the dollar as barrels are mainly exchanged using dollars.
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Ronald Coase- what is the concept behind the price mechanism? - 1 views

www.economist.com/...print price mechanism
shared by Philine D on 14 Oct 13 - No Cached
pritt22 liked it
  • Philine D on 14 Oct 13
     
    this is a very interesting article about an economist that focused on the question of "why do companies exist" and what is the magic behind the price mechanism. His theories are intriguing and well worth reading this article!
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Eurozone industrial output strengthens in Augusts - 0 views

diigo.com/017m32 Equilibrium surplus
shared by fie dahl on 15 Oct 13 - No Cached
  • fie dahl on 15 Oct 13
     
    The article is about how the industry is slowly growing stronger in the Eurozone. The article mentions the huge surplus of capacity that persists compared to before the crisis over two years ago.
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Technology Eases the Ride to Higher Tolls - New York Times - 0 views

www.nytimes.com/...04leonhardt.html Price mechanism
shared by John B on 14 Oct 13 - Cached
  • I imagine that some of the children being driven to the Jersey Shore today won’t even look away from their DVD players as they glide through a toll.
  • As a result of E-ZPass and its ilk, even many adults don’t notice the cost of a toll.
  • Which raises an interesting question: If you don’t know how much you’re paying for something, will you notice when the price goes up? Or has E-ZPass, for all its benefits, also made it easier for toll collectors to take your money?
  • ...3 more annotations...
  • fter an electronic system is put in place, tolls start rising sharply. Take two tollbooths that charge the same fee and are in a similar setting — both on highways leading into a big city, for instance. A decade after one of them gets electronic tolls, it will be about 30 percent more expensive on average than a similar tollbooth without it. There are no shortage of examples: the Golden Gate Bridge, the George Washington Bridge and the Tappan Zee Bridge, among them.
  • “You may be less aware you’re paying the toll,” said Ms. Finkelstein, now an associate professor at M.I.T., “but you’re paying a higher toll than you used to.”
  • The E-ZPass economy is indisputably more convenient. It saves time and frustration. But the old frustrations that came with cash also brought a hidden benefit: they forced you to notice that you were spending money. With electronic money, it’s much easier to be carefree.
  • John B on 14 Oct 13
     
    In this article we read about how ignorant we can be for the taxes we pay when entering cities due to the electronically tolls. It is very easy for the E-ZPass company to raise the cost when going through a toll since it is payed with electronic money. Still we get something out of this. We save time and we don't get frustrated on waiting to pay the toll. That is a demand that is very high since everyone has very little time to spare and we really don't Want to become frustrated. So this company use these demands in to their benefits.
  • John B on 14 Oct 13
     
    In this article we read about how ignorant we can be for the taxes we pay when entering cities due to the electronically tolls. It is very easy for the E-ZPass company to raise the cost when going through a toll since it is payed with electronic money. Still we get something out of this. We save time and we don't get frustrated on waiting to pay the toll. That is a demand that is very high since everyone has very little time to spare and we really don't Want to become frustrated. So this company use these demands in to their benefits.
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What happens when easy money ends? - 0 views

www.theglobeandmail.com/...article14853709 Demand Supply Equilibrium Scarcity
shared by Clemente F on 14 Oct 13 - No Cached
  • Clemente F on 14 Oct 13
     
    The article talks aboutthe quantative easing the FED gave and how it may affect the markets. "As interest rates rise, so does the expected return. This, in turn, pushes down the price that investors are willing to pay for a dollar in earnings" this is the concept of equilibrium in a more financial point of view. It says that the steeper the field curve is the higher the interests will be and therefore the equilibrium rises.
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Ireland to exit international bailout by December, confirms PM - 0 views

www.independent.co.uk/...ember-confirms-pm-8877335.html Equilibrium Ireland Banks Allocated Efficiency EU Bailout
shared by Fiete M on 13 Oct 13 - No Cached
  • Fiete M on 13 Oct 13
     
    Please excuse if I am wrong because I am admittedly not completely sure if I am interpreting this right. I believe that this article tells us that Ireland's banks up to now were in no state of allocated efficiency because the equilibrium had to be manually shifted by the EU paying money to the irish banks. This however has changed now because they are leaving the bailout program which shows that they are trying to get onto their own feet again, and no longer need help from the EU. From this I can conclude that the Irish banks are at least moving towards a state of allocated efficiency again.
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putting sand in the gears of the price mechanism - 0 views

www.americanthinker.com/...rs_of_the_price_mechanism.html price mechanism prices government interventionism
shared by Zuzanna G on 13 Oct 13 - No Cached
  • Zuzanna G on 13 Oct 13
     
    This article is about how government interferes with the price mechanism, known better as interventionism. It is worth looking through!
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Royal Mail shares soar 38% as Labour complains of knockdown price | UK news | The Guardian - 0 views

www.theguardian.com/...mail-share-price-buyers-profit The Guardian Royal Mail Demand Supply Equilibrium UK `Shares FTSE100 Stock
shared by Haydn W on 12 Oct 13 - No Cached
  • Royal Mail shares soar 38% as Labour complains of knockdown price
  • Ed Miliband blames government for underpricing in 'fire-sale of a great British insititution' as investors make £284 paper profit
  • The government has been accused of shortchanging taxpayers by selling off Royal Mail at a knockdown price after shares in the privatised postal service rose by 38%
  • ...14 more annotations...
  • Miliband, the Labour leader, said the jump in the share price – which made an immediate £284 paper profit for almost 700,000 Royal Mail investors – showed that the privatisation was a "fire sale of a great British institution"
  • Royal Mail stock, which the government sold at 330p, leapt to 455p
  • Royal Mail's market value rose by £1bn to £4.3bn – confirming that it will join the FTSE 100 list of Britain's biggest companies.
  • The government had valued Royal Mail at a maximum of £3.3bn, and had attacked analysts' valuation of £4.5bn as "way out".
  • Frances O'Grady, general secretary of the TUC, tweeted: "Privatising #RoyalMail has become little different from selling five pound notes for four quid."
  • George Osborne said the privatisation had been a huge success.
  • Asked whether the shares had been sold too cheaply, the chancellor said: "All privatisations are done at a discount.
  • The National Audit Office, the public spending watchdog, will investigate the pricing of the float, but Cable dismissed the huge share price rise – which was bigger than that experienced on the 1980s flotation of BT and British Gas – as "froth and speculation" and said "what matters is where the price eventually settles".
  • The stockbrokers Peel Hunt said: "This is not 'froth'; it's real people buying, selling."
  • Joe Rundle, head of trading at ETX Capital, described the share price surge as a "dazzling stock market debut".
  • Private investors who bought their shares directly from the government will have to wait until at least Tuesday if they want to sell. About 690,000 people were granted 227 Royal Mail shares worth £749.10 (at the 330p float price) following overwhelming public demand for the shares.
  • The public applied for more than seven times the number of shares available to them, which meant nearly everyone did not get as many shares as they had asked for.
  • More than 36,000 people who applied for more than £10,000 worth of shares were prevented from buying any at all. About 40 people applied for shares worth £1m or more.
  • It is understood that about 20% of the shares available have gone to sovereign wealth funds – including those of Kuwait, Norway and Singapore – and other foreign funds. Royal Mail's 150,000 employees collected 10% of the shares free of charge, worth about £2,200 each at the flotation price and now worth £2,900. Employees were also allowed to buy a further £10,000 worth, but are not allowed to sell for three years
  • Haydn W on 12 Oct 13
     
    This article shows how demand for shares in the newly floated UK postal service Royal Mail has pushed the price up from 330p a share to 450p. This is the price in which demand is seen to be equal to supply, something the UK Government are being criticised for failing to notice as they believed 450p was a far to high price. The move itself if highly controversial and has been a hotly debated topic ever since it's proposal with many employees fearing that jobs will be lost.
  • Yassine G on 12 Oct 13
     
    I think this is really normal. Simply because private companies tend to have higher efficiency rates and therefore make more profits, this is the business part of the reason. Now if we consider the economical reason, I think that higher profits (deviants) will attract a lot more shareholders, this means higher demand. from the other side, shareholders will be willing to keep their shares as the company is making more and more profits, therefore less shares supply. So in short, more demand, less supply of shares could not lead to anything else except hiher prices and greater value of the company.
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Ed Miliband's Energy Cap - 0 views

www.theguardian.com/...band-energy-cap-policy-blunder equilibrium energy
shared by Talisha R on 12 Oct 13 - No Cached
  • Talisha R on 12 Oct 13
     
    This article talks about how Ed Miliband wanted to cap the price on domestic fuel. His policy aimed at restricting how much people would have to spend on energy so as to improve their general purchasing power as well as reducing business costs. This affects the suppliers negatively as it will reduce their profits, however it might also increase consumer demand.
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Department of Pharmaceuticals seeks Law Ministry opinion on drug pricing mechanism issu... - 0 views

articles.economictimes.indiatimes.com/...sential-medicines-price-system Price Mechanism Drugs Government Expensive Medicine
shared by Aleksi B on 11 Oct 13 - No Cached
  • Aleksi B on 11 Oct 13
     
    Drugs are raising in price due to price mechanism, now the government might start getting involved and lowering prices to some drugs
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Supply of copper set to outstrip demand - 0 views

www.ft.com/...ff-11e3-b991-00144feab7de.html equilibrium
shared by Sebastian G on 10 Oct 13 - No Cached
  • Sebastian G on 10 Oct 13
     
    This article illustrates how a increase in supply of copper shifts the equilibrium of the price and demand for copper.
  • Sebastian G on 10 Oct 13
     
    This article illustrates how a increase in supply of copper shifts the equilibrium of the price and demand for copper.
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Supply of copper set to outstrip demand - 0 views

www.ft.com/...ff-11e3-b991-00144feab7de.html Demand supply China price mechanism
shared by Dina B on 09 Oct 13 - No Cached
  • Dina B on 09 Oct 13
     
    This FT article talks about how the price of cooper is dropping, therefore, the supply is higher. However, the demand is still decreasing.
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Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers? - 2 views

www.forbes.com/...h-the-excess-supply-of-lawyers equilibrium "price mechanism" supply
shared by Jakub B on 09 Oct 13 - No Cached
  • Jakub B on 09 Oct 13
     
    The article's main topic is describing the reasons of not adapting supply of lawyers. Although the demand for their services is decreasing, their wages are still as during typical prosperity. The author states that the unwilling law milieu, It is an example of a supply curve which do not change in order to get equilibrium price. The reference to the game theory indicated in Johnson's essay which considers such stalemate as 'lose-lose situation'.
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US special forces launch raids in Libya and Somalia - 0 views

inagist.com/...386692672846852097 Supply
shared by Clemente F on 06 Oct 13 - No Cached
  • Clemente F on 06 Oct 13
     
    I wasn't able to take this article from the Newsstand but I found it on the web. This may increase the Demand and therefore the supply because of the Government Intervention. If the US force launches in Libya the supply in the weapons sector and all the complementary products because the Us's army will need some supplies.
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Apple's 9 million iPhone weekend: The good and bad - CBS News - 1 views

www.cbsnews.com/...phone-weekend-the-good-and-bad Demand
shared by Marenne M on 30 Sep 13 - No Cached
Clemente F liked it
  • the stock closed last Friday at $467, well off the 52-week high of $705
  • 5C as an attempt to shore up the low end of the market
  • expand market share
  • ...6 more annotations...
  • price of the 5C, starting at $99 for what a U.S. consumer would pay with a two-year service commitment with a mobile carrier, was nowhere near low enough
  • more price sensitive
  • missed its opportunity to improve its standing in such important markets as China and India
  • a small share would be a significant boost over previous years
  • sold out virtually everywhere
  • old out customer satisfaction and convenience to fuel its need for PR
  • Marenne M on 30 Sep 13
     
    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
  • Marenne M on 30 Sep 13
     
    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
1More

Airbus raises demand forecast amid booming Asian market - 0 views

diigo.com/015zn1 Demand China flights
shared by fie dahl on 01 Oct 13 - No Cached
  • fie dahl on 01 Oct 13
     
    The article is about how the demand for flights in Asia - mostly China is rising. Last year 1 out of 4 people were on a flight and this will increase. Therefor the flight company Airbus has predicted that they need an increase in the amount of flights to 29,226 passenger and freighter jets in 20 years. This would have a total cost of $4.4tn.
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