The wine hedonic price models in the "Old and New World": : state of the art

The basic hedonic hypothesis is that goods are valued for their utility-bearing characteristics and not for the good itself. Each attribute can be evaluated by consumers when making a purchasing decision and an implicit price can be identified for each of them. Thus, the observed price of a certain good can be analyzed as the sum of the implicit prices paid for each quality attribute. Literature has reported hedonic models estimates in the case of wines, which are excellent examples of differentiated goods worldwide.The impact of different wine attributes (intrinsic or extrinsic) on consumers’ willingness to pay has been analyzed with dissimilar results. Wines coming from "New World" producers seem to be appreciated for different attributes than wines produced in the "Old World". Moreover, "Old and New World" consumers seem to value differently the wine’s characteristics. To our knowledge, no cross country analysis has been done dealing with "New World" wines in "Old World" countries, leaving an important gap in understanding underlying attributes influencing buying decisions.

Consumer preferences towards beef cattle in Chile : Importance of country of origin, cut, packaging, brand and price

A study was carried out to evaluate preferences for two cuts, four countries of origin, two forms of presentation, brand and different prices of beef cattle among supermarket buyers in southern Chile, and to distinguish the existence of different market segments, through a survey of 800 people. Using a fractional factorial design for conjoint analysis, it was determined overall that the origin was more important (44.5%) than price (20.8%), form of presentation (12.2%), cut (12.0%) and brand (10.5%), with preference for Chilean and Argentinean striploin, packaged on trays, with no brand at medium price. Using a cluster analysis, three market segments were distinguished. The largest (52.3%) placed great importance on origin and preferred the highest price. The second (27.5%) also valued origin with the greatest preference for Argentinean beef, and it was the only group that preferred the ribeye as the cut. The third (20.5%) placed the greatest importance on price, and was the only group that preferred Paraguayan meat. The segments differed in the importance of eating meat for their personal well-being. The low importance of packaging and brand indicates poorly developed marketing of this product. In order to properly insert brand beef in the Chilean market, communication strategies must be implemented that identify the product with superior quality and that position the brand in the consumer's mind.

Nomadismos del decir: avatares de la identidad afroantillana en Así habló el tío de Jean Price-Mars y El reino de este mundo de Alejo Carpentier

El presente trabajo aborda comparativamente ejes de convergencia sobre la cultura afroantillana en Así habló el tío (1928) del antropólogo haitiano Jean Price-Mars y El reino de este mundo (1949) del escritor cubano Alejo Carpentier. Se focalizan los mecanismos narrativos peculiares que en cada texto convierten a los sujetos populares en objeto de conocimiento y de representación de una identidad étnica de raíz africana. Desde esta perspectiva, es posible analizar en qué medida esta apuesta discursiva de legitimación simbólica de las huellas culturales africanas en las islas de Cuba y Haití culmina en un proceso resemantizador que tiende a homogeneizar la compleja heterogeneidad afrocaribeña.

Nomadismos del decir: avatares de la identidad afroantillana en Así habló el tío de Jean Price-Mars y El reino de este mundo de Alejo Carpentier

El presente trabajo aborda comparativamente ejes de convergencia sobre la cultura afroantillana en Así habló el tío (1928) del antropólogo haitiano Jean Price-Mars y El reino de este mundo (1949) del escritor cubano Alejo Carpentier. Se focalizan los mecanismos narrativos peculiares que en cada texto convierten a los sujetos populares en objeto de conocimiento y de representación de una identidad étnica de raíz africana. Desde esta perspectiva, es posible analizar en qué medida esta apuesta discursiva de legitimación simbólica de las huellas culturales africanas en las islas de Cuba y Haití culmina en un proceso resemantizador que tiende a homogeneizar la compleja heterogeneidad afrocaribeña.

Nomadismos del decir: avatares de la identidad afroantillana en Así habló el tío de Jean Price-Mars y El reino de este mundo de Alejo Carpentier

El presente trabajo aborda comparativamente ejes de convergencia sobre la cultura afroantillana en Así habló el tío (1928) del antropólogo haitiano Jean Price-Mars y El reino de este mundo (1949) del escritor cubano Alejo Carpentier. Se focalizan los mecanismos narrativos peculiares que en cada texto convierten a los sujetos populares en objeto de conocimiento y de representación de una identidad étnica de raíz africana. Desde esta perspectiva, es posible analizar en qué medida esta apuesta discursiva de legitimación simbólica de las huellas culturales africanas en las islas de Cuba y Haití culmina en un proceso resemantizador que tiende a homogeneizar la compleja heterogeneidad afrocaribeña.

(Table 3) Lanthanum and scandium contents in phosphorites from seamounts and submarine rises

Scandium and lanthanum were analyzed using neutron activation and ICP-MS methods in 60 samples of oceanic phosphorites of various composition and age recovered from continental margins and seamounts in the Atlantic and Pacific Oceans. In the samples studied scandium content ranges from 0.1 to 60 ppm, lanthanum content ranges from 0.4 to 513 ppm, and La/Sc ratio varies from 1.1 to 114. The lowest scandium content occurs in recent phosphorite nodules, intermediate - in Pleistocene phosphatic sand, and the highest - in ancient seamount phosphorites. Process of scandium accumulation in the phosphorites is mainly controlled by their specific surface area and duration of their contact with ocean water. Lanthanum concentrates in the phosphorites much more intensely than scandium. Correlation between scandium and lanthanum distribution is weak, and it appears only when average concentrations of these elements in various groups of samples are compared.

Food composition of beryx-alfonsino over submarine rises near Azores

Qualitative and quantitative food composition, as well as intensity of feeding of beryx-alfonsino Beryx splendens was examined on banks near the Azores. Data are presented with respect to size groups and taking into account type of feeding of males and females. Crustaceans and fishes were constituents of their feeding ration. A tendency toward increase in the number of consumed fishes in the course of ontogenetic development of beryx-alfonsino was noted. Beryx-alfonsino was shown to occupy the trophic level of consumers of the third order performing function of a deep-water predator.

K-Ag age of volcanites from underwater rises of the Sea of Okhotsk and the Sea of Japan

New K-Ar datings of Meso-Cenozoic volcanites from the Sea of Japan and the Sea of Okhotsk were obtained. They enabled to reason age of different volcanic complexes. Basalts from volcanic edifices of the Sea of Japan Basin were determined as Middle Miocene - Pliocene (13.1-4.5 Ma) in age, which correlates well with geological evolution of the Sea of Japan. New datings for basalts from the continental slope of the South Primorye (11.1 Ma) confirm their age being similar to volcanites from Neogene basalt plateaus of the South Primorye; they are very similar not only in age but also in mineral and chemical compositions. Datings for rocks from the andesite series of the Northern Yamato Rise (24.7, 21.5 Ma) show that they are coeval with volcanites of the trachyandesite complex; this allows to combine them into one Oligocene - Early Miocene complex. In the Sea of Okhotsk datings of volcanite samples from three complexes were obtained: Cretaceous, Paleogene, and Pliocene-Pleistocene. Cretaceous magmatic rocks make part of basements of large rises in the Sea of Okhotsk, and Paleogene and Pliocene - Pleistocene complexes illustrate stages of Cenozoic tectono-magmatic activation of the region.

Transport Sector and Regional Price Differentials: A SCGE Model for Chinese Provinces

With regression formulas replaced by equilibrium conditions, a spatial CGE model can substantially reduce data requirements. Detailed regional analyses are thus possible in countries where only limited regional statistics are available. While regional price differentials play important roles in multi-regional settings, transport does not receive much attention in existing models. This paper formulates a spatial CGE model that explicitly considers the transport sector and FOB/CIF prices. After describing the model, performance of our model is evaluated by comparing the benchmark equilibrium for China with survey-based regional I-O and interregional I-O tables for 1987. The structure of Chinese economies is summarized using information obtained from the benchmark equilibrium computation. This includes regional and sectoral production distributions and price differentials. The equilibrium for 1997 facilitates discussion of changes in regional economic structures that China has experienced in the decade.

Cost Reduction Effects of "pseudo FTAs" in Asia -Application of a price model based on a multilateral I/O table-

This paper examines the repercussion effects on the production cost of industries in Asian countries when some countries eliminate tariffs and import commodity taxes on all imports. This kind of analysis is related in some sense to that measuring the effects of FTAs on economies, and thus may be considered as an analysis of “pseudo FTAs.” Examining a number of combinations of “pseudo FTAs” between China, Japan, and ASEAN, it is found that the case of China plus Japan plus ASEAN is the most effective “pseudo FTA” of the combinations in terms of production cost reduction. The method is a form of price model based on the Asian International Input-Output Table. Almost no studies on price models related to multilateral I/O tables have been implemented thus far.

Strategic trade policy and non-linear subsidy : in the case of price competition

In a strategic trade policy, it is assumed, in this paper, that a government changes disbursement or levy method so that the reaction function of home firm approaches infinitely close to that of foreign firm. In the framework of Bertrand-Nash equilibrium, Eaton and Grossman[1986] showed that export tax is preferable to export subsidy. In this paper, it is shown that export subsidy is preferable to export tax in some cases in the framework of Bertrand-Nash equilibrium, considering the uncertainty in demand. Historically, many economists mentioned non-linear subsidy or tax. However, optimum solution of it has not yet been shown. The optimum solution is shown in this paper.

The rise and fall in the price of food, fuel and manufactured goods : interdependency between prices and technology determining comparative advantages and development paths

Green innovation, which enables us to extract energy from food crops, caused a food shortage in 2008. Countries suffering severe damage started to reconsider their agricultural policy with the aim of becoming more autonomous. The food price hike of the time looks like a reversal of the celebrated Singer-Prebisch thesis proposed in the 1950s. This paper examines the consequences of this trend on the comparative advantages and development strategies of developing countries. For that purpose, first, trends and short-run fluctuations in the prices of fuel and bio-energy crops are investigated. It is shown that the price series of fuels and the crops are synchronized only after the fuel extracting technology came into effect. Second, the reversal of the Singer-Prebisch thesis is underpinned by the generic form of an endogenous growth model developed by Rebelo (1991). It is shown that as an economy grows, appreciation of the non-reproducible, such as mineral resources and raw labor, over the reproducible, such as capital goods, is the norm rather than an anomaly. Third, the consequences of the food price hike and underlying capital accumulation on the development strategies of labor-abundant and low-income countries are explored. It is concluded that the impact of the food price hikes on the alteration of a development strategy is only incremental, without reinforcement from raw-labor-saving innovation. A case study of inventions by JUKI Corporation, a world-leader in the sewing machine market exemplifies the fact that, of all the major inventions the company have made, raw-labor-saving inventions have not dominated, although JUKI's machines are sold to one of the most raw-labor-intensive industries.