Retail trader pricing behavior in the traditional rice market : a micro view for curbing inflation

The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market leve...
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Autor*in:	Feryanto [verfasserIn] Harianto, Harianto [verfasserIn] Herawati [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2023

Rechteinformationen:	Open Access Namensnennung 4.0 International ; CC BY 4.0

Schlagwörter:	COVID-19 inflation price stabilization rice traditional market

Übergeordnetes Werk:	Enthalten in: Cogent economics & finance - Abingdon : Taylor & Francis, 2014, 11(2023), 1, Artikel-ID 2216036, Seite 1-12
Übergeordnetes Werk:	volume:11 ; year:2023 ; number:1 ; elocationid:2216036 ; pages:1-12

Links:	Link aufrufen Link aufrufen

DOI / URN:	10.1080/23322039.2023.2216036

Katalog-ID:	1884455271

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allfields	10.1080/23322039.2023.2216036 doi (DE-627)1884455271 (DE-599)KXP1884455271 DE-627 ger DE-627 rda eng D40 E31 E60 jelc Feryanto verfasserin (DE-588)121528330X (DE-627)1726565092 aut Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ COVID-19 (dpeaa)DE-206 inflation (dpeaa)DE-206 price stabilization (dpeaa)DE-206 rice (dpeaa)DE-206 traditional market (dpeaa)DE-206 Harianto, Harianto verfasserin (DE-588)1203750463 (DE-627)1688796231 aut Herawati verfasserin (DE-588)1215283342 (DE-627)1726565335 aut Enthalten in Cogent economics & finance Abingdon : Taylor & Francis, 2014 11(2023), 1, Artikel-ID 2216036, Seite 1-12 Online-Ressource (DE-627)786946385 (DE-600)2773198-4 (DE-576)407862285 2332-2039 nnns volume:11 year:2023 number:1 elocationid:2216036 pages:1-12 https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036 Verlag kostenfrei https://doi.org/10.1080/23322039.2023.2216036 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 11 2023 1 2216036 1-12 26 01 0206 4504442094 x1z 27-03-24 2403 01 DE-LFER 451121462X 00 --%%-- --%%-- n --%%-- l01 12-04-24 2403 01 DE-LFER https://doi.org/10.1080/23322039.2023.2216036 2403 01 DE-LFER https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036
spelling	10.1080/23322039.2023.2216036 doi (DE-627)1884455271 (DE-599)KXP1884455271 DE-627 ger DE-627 rda eng D40 E31 E60 jelc Feryanto verfasserin (DE-588)121528330X (DE-627)1726565092 aut Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ COVID-19 (dpeaa)DE-206 inflation (dpeaa)DE-206 price stabilization (dpeaa)DE-206 rice (dpeaa)DE-206 traditional market (dpeaa)DE-206 Harianto, Harianto verfasserin (DE-588)1203750463 (DE-627)1688796231 aut Herawati verfasserin (DE-588)1215283342 (DE-627)1726565335 aut Enthalten in Cogent economics & finance Abingdon : Taylor & Francis, 2014 11(2023), 1, Artikel-ID 2216036, Seite 1-12 Online-Ressource (DE-627)786946385 (DE-600)2773198-4 (DE-576)407862285 2332-2039 nnns volume:11 year:2023 number:1 elocationid:2216036 pages:1-12 https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036 Verlag kostenfrei https://doi.org/10.1080/23322039.2023.2216036 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 11 2023 1 2216036 1-12 26 01 0206 4504442094 x1z 27-03-24 2403 01 DE-LFER 451121462X 00 --%%-- --%%-- n --%%-- l01 12-04-24 2403 01 DE-LFER https://doi.org/10.1080/23322039.2023.2216036 2403 01 DE-LFER https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036
allfields_unstemmed	10.1080/23322039.2023.2216036 doi (DE-627)1884455271 (DE-599)KXP1884455271 DE-627 ger DE-627 rda eng D40 E31 E60 jelc Feryanto verfasserin (DE-588)121528330X (DE-627)1726565092 aut Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ COVID-19 (dpeaa)DE-206 inflation (dpeaa)DE-206 price stabilization (dpeaa)DE-206 rice (dpeaa)DE-206 traditional market (dpeaa)DE-206 Harianto, Harianto verfasserin (DE-588)1203750463 (DE-627)1688796231 aut Herawati verfasserin (DE-588)1215283342 (DE-627)1726565335 aut Enthalten in Cogent economics & finance Abingdon : Taylor & Francis, 2014 11(2023), 1, Artikel-ID 2216036, Seite 1-12 Online-Ressource (DE-627)786946385 (DE-600)2773198-4 (DE-576)407862285 2332-2039 nnns volume:11 year:2023 number:1 elocationid:2216036 pages:1-12 https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036 Verlag kostenfrei https://doi.org/10.1080/23322039.2023.2216036 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 11 2023 1 2216036 1-12 26 01 0206 4504442094 x1z 27-03-24 2403 01 DE-LFER 451121462X 00 --%%-- --%%-- n --%%-- l01 12-04-24 2403 01 DE-LFER https://doi.org/10.1080/23322039.2023.2216036 2403 01 DE-LFER https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036
allfieldsGer	10.1080/23322039.2023.2216036 doi (DE-627)1884455271 (DE-599)KXP1884455271 DE-627 ger DE-627 rda eng D40 E31 E60 jelc Feryanto verfasserin (DE-588)121528330X (DE-627)1726565092 aut Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ COVID-19 (dpeaa)DE-206 inflation (dpeaa)DE-206 price stabilization (dpeaa)DE-206 rice (dpeaa)DE-206 traditional market (dpeaa)DE-206 Harianto, Harianto verfasserin (DE-588)1203750463 (DE-627)1688796231 aut Herawati verfasserin (DE-588)1215283342 (DE-627)1726565335 aut Enthalten in Cogent economics & finance Abingdon : Taylor & Francis, 2014 11(2023), 1, Artikel-ID 2216036, Seite 1-12 Online-Ressource (DE-627)786946385 (DE-600)2773198-4 (DE-576)407862285 2332-2039 nnns volume:11 year:2023 number:1 elocationid:2216036 pages:1-12 https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036 Verlag kostenfrei https://doi.org/10.1080/23322039.2023.2216036 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 11 2023 1 2216036 1-12 26 01 0206 4504442094 x1z 27-03-24 2403 01 DE-LFER 451121462X 00 --%%-- --%%-- n --%%-- l01 12-04-24 2403 01 DE-LFER https://doi.org/10.1080/23322039.2023.2216036 2403 01 DE-LFER https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036
allfieldsSound	10.1080/23322039.2023.2216036 doi (DE-627)1884455271 (DE-599)KXP1884455271 DE-627 ger DE-627 rda eng D40 E31 E60 jelc Feryanto verfasserin (DE-588)121528330X (DE-627)1726565092 aut Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ COVID-19 (dpeaa)DE-206 inflation (dpeaa)DE-206 price stabilization (dpeaa)DE-206 rice (dpeaa)DE-206 traditional market (dpeaa)DE-206 Harianto, Harianto verfasserin (DE-588)1203750463 (DE-627)1688796231 aut Herawati verfasserin (DE-588)1215283342 (DE-627)1726565335 aut Enthalten in Cogent economics & finance Abingdon : Taylor & Francis, 2014 11(2023), 1, Artikel-ID 2216036, Seite 1-12 Online-Ressource (DE-627)786946385 (DE-600)2773198-4 (DE-576)407862285 2332-2039 nnns volume:11 year:2023 number:1 elocationid:2216036 pages:1-12 https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036 Verlag kostenfrei https://doi.org/10.1080/23322039.2023.2216036 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 11 2023 1 2216036 1-12 26 01 0206 4504442094 x1z 27-03-24 2403 01 DE-LFER 451121462X 00 --%%-- --%%-- n --%%-- l01 12-04-24 2403 01 DE-LFER https://doi.org/10.1080/23322039.2023.2216036 2403 01 DE-LFER https://www.tandfonline.com/doi/pdf/10.1080/23322039.2023.2216036
language	English
source	Enthalten in Cogent economics & finance 11(2023), 1, Artikel-ID 2216036, Seite 1-12 volume:11 year:2023 number:1 elocationid:2216036 pages:1-12
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topic_facet	COVID-19 inflation price stabilization rice traditional market
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authorswithroles_txt_mv	Feryanto @@aut@@ Harianto, Harianto @@aut@@ Herawati @@aut@@
publishDateDaySort_date	2023-01-01T00:00:00Z
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topic_title	D40 E31 E60 jelc Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati COVID-19 (dpeaa)DE-206 inflation (dpeaa)DE-206 price stabilization (dpeaa)DE-206 rice (dpeaa)DE-206 traditional market (dpeaa)DE-206
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title_full	Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation Feryanto, Harianto and Herawati
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title_sort	retail trader pricing behavior in the traditional rice marketa micro view for curbing inflation
title_auth	Retail trader pricing behavior in the traditional rice market a micro view for curbing inflation
abstract	The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level.
abstractGer	The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level.
abstract_unstemmed	The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market level and wholesale level of different rice qualities and grades. To overcome endogeneity problems due to the use of several equations that could cause potential bias, the simultaneous method with the 3SLS approach was deemed appropriate to use to obtain consistent and efficient coefficient estimates. The results show that, by examining the behavior of price spreads in the model, it can be deduced that rice retailers in the traditional market applied a price stabilization strategy. A lower price spread responded to an increase in price at the wholesale level. Rice retailers in traditional markets also implemented a price-averaging strategy. The results of this study have important policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price stabilization at the retail level, as in this study, will be more effective if the price stabilization is focused on the wholesale level. However, if the pricing policy continues to be applied at the retail level, it must consider the relationships between different rice qualities and prices. This study also highlights the need for more intensive research on pricing behavior at the wholesale level.
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title_short	Retail trader pricing behavior in the traditional rice market
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Retail trader pricing behavior in the traditional rice market : a micro view for curbing inflation

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