As a cleaner,high-efficiency,and low-carbon fuel,natural gas has been an important fuel resource for China.To achieve a substantial increase in natural gas demand,China has sought to reform its natural gas pricing mec...As a cleaner,high-efficiency,and low-carbon fuel,natural gas has been an important fuel resource for China.To achieve a substantial increase in natural gas demand,China has sought to reform its natural gas pricing mechanism.Employing a set of unbalanced panel data for China’s 30 provinces covering 1999-2015,this study aims to estimate the evolving price and income elasticities of natural gas demand and explore the effect of natural gas price reform in China.For this purpose,a series of econometric techniques allowing for cross-sectional dependence and slope homogeneity is utilized.The results suggest that although natural gas demand in China still lacks negative price elasticity,the phenomenon is improving.Moreover,the estimates suggest that natural gas demand in China is indeed becoming increasingly sensitive to income changes.Our estimates also provide strong evidence in favor of the effect of natural gas price reform on the change in price elasticity as the price elasticity decreases in five of the seven regions.In addition,the results indicate large variations in the change in price and income elasticities of natural gas demand across China’s regions.Natural gas demand is becoming more price inelastic in Southwest China and Northwest China,while such demand in North China and East China responds less sensitively to income changes.These findings offer several policy suggestions for the reform of China’s natural gas market at the national and regional levels.展开更多
Since 1998,the national policies on chemical fertilizer in China have been concentrated in limiting price plus subsidizing,abolishing agricultural tax,giving direct subsidies to farmers,and other aspects.In order to a...Since 1998,the national policies on chemical fertilizer in China have been concentrated in limiting price plus subsidizing,abolishing agricultural tax,giving direct subsidies to farmers,and other aspects.In order to analyze the impact of national policies on the consumption of chemical fertilizer,this article selects the consumption of chemical fertilizer per unit,chemical fertilizer price index and farmers'net income in different provinces during the period 1998-2007 as variables,to conduct regression analysis of chemical fertilizer expenditure function,and calculate the price elasticity and income elasticity of chemical fertilizer demand in different provinces over the decade based on the regression results.The results show that at present the basic consumption of chemical fertilizer for agricultural development in China is 0.35 t/hm 2 ,and the consumption of chemical fertilizer is excessive in some provinces;the chemical fertilizer market has not been really established,and the price has little impact on demand.This indicates that the chemical fertilizer is essential for agricultural economic development,and it increases along with the increase of farmers'income; the intervention of the national policy in chemical fertilizer price is a fundamental reason for the rising demand for chemical fertilizer.This also to some extent indicates that the policy effect of merely using environmental taxes to change farmers'consumption of chemical fertilizer is limited;there is a need to transform the existing policies purely promoting agricultural economic development,toward giving different subsidies in accordance with whether the farmers'fertilization pattern is beneficial to the environment.展开更多
Price Discrimination of film products is theoretically feasible and logically inevitable, and it has been used for a long time in film industry as well. However, there are practical paradoxes in the new environment du...Price Discrimination of film products is theoretically feasible and logically inevitable, and it has been used for a long time in film industry as well. However, there are practical paradoxes in the new environment due to market factors like popularization of Internet environment and Online to Offline(O2O) retailers between hierarchical markets. Compared with high-level markets, low-level markets are lack of conditions for differentiated lower price like cinema infrastructure, and environment for film consumption market, so that the consumption potential for market has not been motivated yet. Therefore, it is quite important to pay close attention to how to expand the market by clearer gradient pricing structures and Internet platform.展开更多
In this paper, from the two economic concepts of the price elasticity of demand and the cross elasticity of demand, under the assumption that the operator's management goal is to obtain the profit maximization, the a...In this paper, from the two economic concepts of the price elasticity of demand and the cross elasticity of demand, under the assumption that the operator's management goal is to obtain the profit maximization, the author established the mathematical model of the adjustment of the optimal price of the substituting commodity.展开更多
The main aim of this study is to assess various aspects of the current water policy, investigate the perspectives of water saving, evaluate water price elasticity and explore new approaches toward sustainable water ma...The main aim of this study is to assess various aspects of the current water policy, investigate the perspectives of water saving, evaluate water price elasticity and explore new approaches toward sustainable water management in the water sector, through a questionnaire survey that has been performed in the city of Volos, Greece, concerning the residential sector. The appropriate design of water management measures presupposes the investigation of the influence of some selected variables to consumers' behavior. The price of water, the size of the dwelling, the indoor and outdoor uses, the educational level, the income of consumers as well as rainfall and temperature levels are examined, the residential water demand curve is estimated and projections of future water demand under different pricing policies are performed.展开更多
As a high priority in dealing with the problem of water scarcity, the effect of water pricing policy remains a controversial issue, especially the environmental effect. Using household-level panel data of three irriga...As a high priority in dealing with the problem of water scarcity, the effect of water pricing policy remains a controversial issue, especially the environmental effect. Using household-level panel data of three irrigation districts (IDs) in the northern China, this paper probes the potential impact of water price rising on local environment. The examination shows that farmers will reduce the rice area as a response to the rising surface water prices. The changing cropping pattern will exert three-fold environmental impacts, including the dropping groundwater level resulting from the reduction of seepage and percolation of irrigated water and overexploitation of groundwater, the negative effect of non-point pollution from fertilizer and pesticide application, and the loss of field irrigation facilities. Water pricing is not a valid means of significantly reducing agricultural water consumption due to the substitution of groundwater for surface water, it will lead to negative environmental effect. It is an imperative task for Chinese government to improve the management efficiency at IDs.展开更多
In order to optimize the ladder-pricing scheme in Shanghai, we present a multi-objective optimization model (MOOM). To build this model, first we use price elasticity theory;divide the ladder pricing into peak electri...In order to optimize the ladder-pricing scheme in Shanghai, we present a multi-objective optimization model (MOOM). To build this model, first we use price elasticity theory;divide the ladder pricing into peak electricity bill and valley electricity bill in the time dimension to model the single-user demand response. Second based on the single-user demand response model, combined with the overall users’ electricity distribution density function, we build an all-users demand response model. The proposed model has two objectives: minimize energy consumption and maximize residents’ satisfaction. Simulation results confirm that the proposed model can optimize the ladder-pricing scheme.展开更多
Express Mail Service (EMS) is the most competitive one of the post services. Price competition is the core of market competition and so for EMS. In this paper, we calculate the coefficient of demand elasticity and the...Express Mail Service (EMS) is the most competitive one of the post services. Price competition is the core of market competition and so for EMS. In this paper, we calculate the coefficient of demand elasticity and then put forward the price strategy for EMS to increase its competitive power.展开更多
Do China's silk products only have advantage in number but no pricing power in international market? In this paper, we used the residual demand elasticity model to estimate the international market power of China's...Do China's silk products only have advantage in number but no pricing power in international market? In this paper, we used the residual demand elasticity model to estimate the international market power of China's silk products. The empirical results revealed that China's raw material products such as natural silk products and semi-finished products such as satin products had certain market power in the main export markets, but the finished silk products such as woman's blouse or shirts and shawls had no market power in the target markets including USA and Germany. The scale economy from resource endowment and great market share are the base of the international market power of natural silk products. The advantage from industry agglomeration and great market share are the source of the international market power of satin products. Technical bottlenecks and inefficiency in brand building are the cause of unobvious international market power of China's finished silk products, and the competition from Italy and France has increased the difficulty to enhance market power. In order to consolidate and improve the international market power of China's silk products, it is suggested to stabilize the production scale and strengthen industrial base, to speed up the resources integration and optimize the industrial distribution, to strengthen science and technology innovation and adjust product structure, to speed up the brand construction and enhance the influence of brand, and to enlarge the scale of organization and achieve scale economies.展开更多
The main objective of electricity regulators when establishing electricity markets is to decrease the cost of electricity through competition. However, this scenario cannot be achieved without a full participation of ...The main objective of electricity regulators when establishing electricity markets is to decrease the cost of electricity through competition. However, this scenario cannot be achieved without a full participation of the electricity demand by reacting against electricity prices. The aim of this research is to develop tools for helping customers and aggregators to join price and demand response programs, while helping them to hedge against the risk of short-term price volatility. In this way, the capacity of and hybrid methodology (Self-Organizing Maps and Statistical Ward's Linkage) to classify high electricity market prices is analysed. Besides, with the help of Non-Parametric Estimation, some price-patterns were found in the abovementioned clusters. The contained knowledge within these patterns supplies customer market-based information on which to base its energy use decisions. The interest for this participation of customers in markets is growing in developed countries to obtain a higher elasticity in demand. Results show the capability of this approach to improve data management and select coherent policies to accomplish cleared demand offers amongst different price scenarios in a more flexible way.展开更多
基金Financial support from the National Social Science Foundation of China (Grant Nos.17BGL014 and 18VDL017)
文摘As a cleaner,high-efficiency,and low-carbon fuel,natural gas has been an important fuel resource for China.To achieve a substantial increase in natural gas demand,China has sought to reform its natural gas pricing mechanism.Employing a set of unbalanced panel data for China’s 30 provinces covering 1999-2015,this study aims to estimate the evolving price and income elasticities of natural gas demand and explore the effect of natural gas price reform in China.For this purpose,a series of econometric techniques allowing for cross-sectional dependence and slope homogeneity is utilized.The results suggest that although natural gas demand in China still lacks negative price elasticity,the phenomenon is improving.Moreover,the estimates suggest that natural gas demand in China is indeed becoming increasingly sensitive to income changes.Our estimates also provide strong evidence in favor of the effect of natural gas price reform on the change in price elasticity as the price elasticity decreases in five of the seven regions.In addition,the results indicate large variations in the change in price and income elasticities of natural gas demand across China’s regions.Natural gas demand is becoming more price inelastic in Southwest China and Northwest China,while such demand in North China and East China responds less sensitively to income changes.These findings offer several policy suggestions for the reform of China’s natural gas market at the national and regional levels.
基金Supported by General Project of Humanities and Social Sciences Research of Ministry of Education in 2008(08JA790022)
文摘Since 1998,the national policies on chemical fertilizer in China have been concentrated in limiting price plus subsidizing,abolishing agricultural tax,giving direct subsidies to farmers,and other aspects.In order to analyze the impact of national policies on the consumption of chemical fertilizer,this article selects the consumption of chemical fertilizer per unit,chemical fertilizer price index and farmers'net income in different provinces during the period 1998-2007 as variables,to conduct regression analysis of chemical fertilizer expenditure function,and calculate the price elasticity and income elasticity of chemical fertilizer demand in different provinces over the decade based on the regression results.The results show that at present the basic consumption of chemical fertilizer for agricultural development in China is 0.35 t/hm 2 ,and the consumption of chemical fertilizer is excessive in some provinces;the chemical fertilizer market has not been really established,and the price has little impact on demand.This indicates that the chemical fertilizer is essential for agricultural economic development,and it increases along with the increase of farmers'income; the intervention of the national policy in chemical fertilizer price is a fundamental reason for the rising demand for chemical fertilizer.This also to some extent indicates that the policy effect of merely using environmental taxes to change farmers'consumption of chemical fertilizer is limited;there is a need to transform the existing policies purely promoting agricultural economic development,toward giving different subsidies in accordance with whether the farmers'fertilization pattern is beneficial to the environment.
基金the phased research achievement of social science planning key project of Shandong Province—“cultural enterprise innovation of business model way and method study based on big data”(No:15BGLJ07)
文摘Price Discrimination of film products is theoretically feasible and logically inevitable, and it has been used for a long time in film industry as well. However, there are practical paradoxes in the new environment due to market factors like popularization of Internet environment and Online to Offline(O2O) retailers between hierarchical markets. Compared with high-level markets, low-level markets are lack of conditions for differentiated lower price like cinema infrastructure, and environment for film consumption market, so that the consumption potential for market has not been motivated yet. Therefore, it is quite important to pay close attention to how to expand the market by clearer gradient pricing structures and Internet platform.
文摘In this paper, from the two economic concepts of the price elasticity of demand and the cross elasticity of demand, under the assumption that the operator's management goal is to obtain the profit maximization, the author established the mathematical model of the adjustment of the optimal price of the substituting commodity.
文摘The main aim of this study is to assess various aspects of the current water policy, investigate the perspectives of water saving, evaluate water price elasticity and explore new approaches toward sustainable water management in the water sector, through a questionnaire survey that has been performed in the city of Volos, Greece, concerning the residential sector. The appropriate design of water management measures presupposes the investigation of the influence of some selected variables to consumers' behavior. The price of water, the size of the dwelling, the indoor and outdoor uses, the educational level, the income of consumers as well as rainfall and temperature levels are examined, the residential water demand curve is estimated and projections of future water demand under different pricing policies are performed.
基金the National Natural Science Foundation of China (70273023, 70573091) the National Planning Office of Philosophy and Social Science Project in 2003, China (03BJY038).
文摘As a high priority in dealing with the problem of water scarcity, the effect of water pricing policy remains a controversial issue, especially the environmental effect. Using household-level panel data of three irrigation districts (IDs) in the northern China, this paper probes the potential impact of water price rising on local environment. The examination shows that farmers will reduce the rice area as a response to the rising surface water prices. The changing cropping pattern will exert three-fold environmental impacts, including the dropping groundwater level resulting from the reduction of seepage and percolation of irrigated water and overexploitation of groundwater, the negative effect of non-point pollution from fertilizer and pesticide application, and the loss of field irrigation facilities. Water pricing is not a valid means of significantly reducing agricultural water consumption due to the substitution of groundwater for surface water, it will lead to negative environmental effect. It is an imperative task for Chinese government to improve the management efficiency at IDs.
文摘In order to optimize the ladder-pricing scheme in Shanghai, we present a multi-objective optimization model (MOOM). To build this model, first we use price elasticity theory;divide the ladder pricing into peak electricity bill and valley electricity bill in the time dimension to model the single-user demand response. Second based on the single-user demand response model, combined with the overall users’ electricity distribution density function, we build an all-users demand response model. The proposed model has two objectives: minimize energy consumption and maximize residents’ satisfaction. Simulation results confirm that the proposed model can optimize the ladder-pricing scheme.
文摘Express Mail Service (EMS) is the most competitive one of the post services. Price competition is the core of market competition and so for EMS. In this paper, we calculate the coefficient of demand elasticity and then put forward the price strategy for EMS to increase its competitive power.
基金Supported by the Earmarked Fund for China Agriculture Research System(CARS-22)
文摘Do China's silk products only have advantage in number but no pricing power in international market? In this paper, we used the residual demand elasticity model to estimate the international market power of China's silk products. The empirical results revealed that China's raw material products such as natural silk products and semi-finished products such as satin products had certain market power in the main export markets, but the finished silk products such as woman's blouse or shirts and shawls had no market power in the target markets including USA and Germany. The scale economy from resource endowment and great market share are the base of the international market power of natural silk products. The advantage from industry agglomeration and great market share are the source of the international market power of satin products. Technical bottlenecks and inefficiency in brand building are the cause of unobvious international market power of China's finished silk products, and the competition from Italy and France has increased the difficulty to enhance market power. In order to consolidate and improve the international market power of China's silk products, it is suggested to stabilize the production scale and strengthen industrial base, to speed up the resources integration and optimize the industrial distribution, to strengthen science and technology innovation and adjust product structure, to speed up the brand construction and enhance the influence of brand, and to enlarge the scale of organization and achieve scale economies.
文摘The main objective of electricity regulators when establishing electricity markets is to decrease the cost of electricity through competition. However, this scenario cannot be achieved without a full participation of the electricity demand by reacting against electricity prices. The aim of this research is to develop tools for helping customers and aggregators to join price and demand response programs, while helping them to hedge against the risk of short-term price volatility. In this way, the capacity of and hybrid methodology (Self-Organizing Maps and Statistical Ward's Linkage) to classify high electricity market prices is analysed. Besides, with the help of Non-Parametric Estimation, some price-patterns were found in the abovementioned clusters. The contained knowledge within these patterns supplies customer market-based information on which to base its energy use decisions. The interest for this participation of customers in markets is growing in developed countries to obtain a higher elasticity in demand. Results show the capability of this approach to improve data management and select coherent policies to accomplish cleared demand offers amongst different price scenarios in a more flexible way.