Determination of Won/USD Exchange Rate With Respect to Global Oil Price Change
To see the relationship between exchange rate and oil price, we use econometrical methodology, multiple regression. Our regression model is this:
s_t=β_1+β_2 (m_t-m_t^* )+β_3 (y_t-y_t^* )+β_4 〖lroil〗_t+u_t
*Explanation about explanatory variable
s_t : Nominal exchange rate (USD/Won)
m_t-m_t^*
price of Cabbage is much affected by the special distribution system which is the speculative vegetables bought in lump sums at fields called 밭떼기. It’s very similar with a future market in an aspect of mechanism determining price before shipment.
Cabbage price in Korea shows huge variation due to these characteristics every year. Prices of cabbage has collapsed just after a year experi
Ⅲ. Third-degree Price discrimination
Third-degree price discrimination occurs when the monopolist determines the different price for the same production. If two different markets exist in the same production, the monopolist sets the different price according to the elasticity of the markets.
In other words, it means that the monopolist set a low price in the market which has the high-elast
prices for six years. Fair Trade Commission started investigation because the domestic LPG prices remained high despite of stabilized international price. It is revealed that LPG supply companies determined LPG sales price many times through the exchange of information and contact. Also, LPG suppliers established and enforced various ways to shirk competition and maintain price at a high level. T
price would be decided by following discounting powers.
Class of position Power of determine discounting rate
DHL’s sales reps Up to 35%
DHL’s sales managers Up to 50%
DHL’s regional sales manager Above 50%
DHL’s vice president of sales Over 60%
Whenever deciding the price, Sales rep submit PSA (Preferred Status Account). Then management check the financial implications, compet