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Price Trends (price + trend)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting60%

Selected Abstracts

Losing more than gaining from overall stable prices: the differential perception of increasing versus decreasing prices made the Euro look like a price booster

EUROPEAN JOURNAL OF SOCIAL PSYCHOLOGY, Issue 5 2008
Tobias Greitemeyer
The present research examined whether price trend misperceptions can be explained by the differential perception of increasing versus decreasing prices. We expected price increases (losses to consumers) to be perceived as being more intense than price decreases (gains to consumers) of the same magnitude. This tendency, in turn, should be positively associated with how people perceive the overall price trend. To test this reasoning, participants in the first two studies were asked to compare German Mark (DM) and Euro prices. First, participants received a menu containing 21 dishes with DM prices, and their price trend expectations were assessed. Then, participants indicated for each dish to what extent the price had changed. Finally, participants' overall price trend judgments were assessed. In both studies, results indicate that price trend judgments were biased toward rising prices. In addition, price increases were perceived as rising more than price decreases of the same magnitude were perceived as falling. This tendency was positively associated with overall price trend judgments, even after controlling for expectations. Study 3 was to replicate these findings in a different domain to demonstrate the general nature and impact of the hypothesized effect. Copyright © 2007 John Wiley & Sons, Ltd. [source]

To buy or to sell: cultural differences in stock market decisions based on price trends

JOURNAL OF BEHAVIORAL DECISION MAKING, Issue 4 2008
Li-Jun Ji
Abstract Four studies compared the stock market decisions of Canadians and Chinese. In two studies using simple stock market trends, compared with Chinese, Canadians were more willing to sell and less willing to buy falling stock. But when the stock price was rising, the opposite occurred: Canadians were more willing to buy and less willing to sell. A third study showed that for complex stock price trends, Canadians were strongly influenced by the most recent price trends: they tended to predict that recent trends would continue and made selling decisions without considering the rest of the trend patterns; whereas the Chinese made reversal predictions for the dominant trends and made decisions that took both recent and early trends into consideration. Study 4 replicated the finding with experienced individual investors. These findings are consistent with the previous literature on different lay theories of change held by Chinese and North Americans. Copyright © 2008 John Wiley & Sons, Ltd. [source]

Longitudinal study of Consumer Price Index (CPI) trends in core and non-core foods in Australia

AUSTRALIAN AND NEW ZEALAND JOURNAL OF PUBLIC HEALTH, Issue 5 2008
Cate Burns
Abstract Objective: This study examined trends in the price of healthy and less-healthy foods from 1989 to 2007 using the Australian Consumer Price Index (CPI). Methods: CPI food expenditure classes were classified as ,core' or ,non-core'. Trends in the CPI were analysed to examine the rise in prices of core compared with non-core foods. Results: On average, the CPI for core foods has risen at a slightly higher, though not statistically significant, rate than non-core foods. Furthermore, selected groupings reveal interesting patterns. ,Bread' has risen in price significantly more than ,cakes and biscuits', and ,milk' has risen in price significantly more than ,soft drinks, waters and juices'. Conclusions and implications: This investigation of food price trends reveals notable differences between core and non-core foods. This should be investigated further to determine the extent to which this contributes to the higher prevalence of diet-related diseases in low socio-economic groups. [source]

China's New Rural Income Support Policy: Impacts on Grain Production and Rural Income Inequality

CHINA AND WORLD ECONOMY, Issue 6 2006
Nico Heerink
D58; Q12; Q18 Abstract This paper analyses the impact of agricultural tax abolition and direct income payments to grain farmers on grain production and rural inequality in China. To separate the impact of the income support measures from recent price trends for grains and inputs, and to account for differences in household responses, we use a village-level general equilibrium model that we calibrate for two villages with different degrees of market access in Jiangxi province. The results show that the income support policy does not reach its goal of promoting grain production. The increased incomes allow farm households to buy more inputs for livestock production and involve other activities that are more profitable than grain farming. Selling of rice outside the villages declines more than rice production, because households in the villages consume more rice when incomes rise. We further find that the income support measures tend to reduce income within a village, but that tax abolition tends to widen income inequality between villages. (Edited by Zhinan Zhang) [source]