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Topic: Price floor


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In the News (Mon 22 Apr 19)

  
  Price Controls
Price controls are usually justified as a way to help consumers, but whether they actually do is open to doubt.
A graph of a price floor indicates that the minimum wage will help some people.
The role of price in allocating resources is even more clear when there is massive restriction on markets and prices.
ingrimayne.com /econ/AllocatingRationing/PriceCeilings.html   (690 words)

  
 AP Wire | 11/07/2006 | OPEC President: No price floor to defend
Setting a target price band "is not really applicable to the fluid, free market," he said.
Recent falls in global oil prices have prompted the crude market to speculate on the price level that the group might defend.
Oil prices have retreated significantly from a summertime high above $78 a barrel, trading in a range of around $57-$61 a barrel over the past month as traders look for demand clues in weather and economic forecasts and weigh them against OPEC's plans to curb supplies.
www.mercurynews.com /mld/mercurynews/business/15947803.htm   (217 words)

  
 AP Wire | 11/07/2006 | OPEC President: No price floor to defend
Recent falls in global oil prices have prompted the crude market to speculate on the price level that the group might defend.
Daukoru said Monday that current prices are low, which may lead to a decision to further cut production when OPEC meets in December.
Oil prices have retreated significantly from a summertime high above $78 a barrel, trading in a range of around $57-$61 a barrel over the past month as traders look for demand clues in weather and economic forecasts and weigh them against OPEC's plans to curb supplies.
www.contracostatimes.com /mld/cctimes/business/15947803.htm   (217 words)

  
 Price Controls
Those controls are then enacted to prevent prices from falling into unacceptable ranges. Of course, normative concerns like fairness are arbitrary and represent something that government must define.  That is, government must decide exactly how high is too high or how far a price can fall before it’s too low.
Similarly, if the price was too low, then the government could impose a price floor (price minimum).
The price ceiling may also have some indirect effects on this market. Whereas the price ceiling may directly lead to a shortage, the shortage may (in turn) have an effect on the behavior of demanders and suppliers.
www.louisville.edu /~bmhawo01/econpage/201/handouts/pricecontrols/index.html   (773 words)

  
 Duda Agenda Dec Opinion Establishing Unbundled Network Element Rates and Price Floors for Verizon California and ...
The requirement that price floors include the price of MBBs is known as the "imputation rule," which ensures that incumbents "impute" the price of any MBBs into the price of their own retail service just as if they purchased the MBB at the prevailing wholesale price.
ORA claims it is not credible for Verizon to request a price floor increase when it has posted positive rates of return in the 12% to 20% range from 1997 to 2003.
Specifically, price floors shall be calculated using the same approach that was described in D.03-03-033 except that Verizon should substitute into its calculations the UNE rate adopted in this order for the loop monopoly building block.
www.cpuc.ca.gov /PUBLISHED/AGENDA_DECISION/54111-06.htm   (3871 words)

  
 pricecontrols1   (Site not responding. Last check: 2007-10-20)
The imposition of the price floor is shown at left.
The most frequently seen price floor is created in the form of a minimum wage for the lower skilled occupations in the labor markets.
Just as there are price floors, there are price ceilings created by governments who feel that a price for a particular commodity or service is too high.
home.ubalt.edu /NTSBGERL/econ504/pcontrols/pcontrols12.htm   (486 words)

  
 Price Ceilings
Instead, they have established either price ceilings, which are prices above which it is illegal to buy or sell, or price floors, which are prices below which it is illegal to buy or sell.
Price ceilings are not the only sort of price controls governments have imposed.
The function of price as a rationer is most clearly seen when price is prohibited from acting as a rationer, so that some other method of rationing (such as queuing or coupon rationing) must emerge or be developed.
www.ingrimayne.com /econ/AllocatingRationing/PriceAsRationer.html   (424 words)

  
 Farms.com Risk Management
The floor price we can offer you will be a negotiated % based on a “futures price” for the early weans or feeder pigs.
For pigs the Burns’ are delivering on June 12, 2002 we use the closing price of the October lean hog futures (see schedule A for the full list of futures used throughout the year) on the Thursday of the week before, that’s June 6.
The price floor contract — waived delivery gives the Burns the right to sell their Feeder Pigs to WHO EVER they decide to sell to (including us) at the highest price they are offered.
riskmanagement.farms.com /floor.asp   (1019 words)

  
 Principles of Economics: Price Ceilings and Price Floors   (Site not responding. Last check: 2007-10-20)
Under the parity pricing program, the government established a price and allowed farmers to produce as much as they wanted.
Under the target price and deficiency payment system, the government set a price and then restricted the amount that farmers could produce.
prices paid by consumers were lower than under the parity pricing system.
www.swcollege.com /bef/gottheil/gottheil3e/quiz/price_ceiling/price_ceiling.html   (290 words)

  
 Navel growers begin floor price-setting group
Although the initial proposal is only to set floor prices for navels this upcoming season, eventually growers could use a similar mechanism to minimum prices for other citrus including lemons, Valencia oranges and grapefruit, said Joel Nelsen, president of CCM.
The floor price would be part of the agreement growers have historically signed with packinghouses.
However, if 80 percent or more of all growers committed to one floor price, regardless of who their handlers are, citrus growers would have a fighting chance, Stevenson believes.
westernfarmpress.com /news/farming_navel_growers_begin   (1342 words)

  
 Price Model Ceiling Floor
More specifically, a price floor is the lowest price that achieves the firm's profit objectives.
Under perfect market conditions (many substitutes, highly fragmented, full information, rational decisions), the price ceiling is the equilibrium (or prevailing) market price, which is determined in the market by the industry's supply and demand characteristics.
More generally, a price ceiling is a function of the relative perceived value that a product delivers in the marketplace.
faculty.msb.edu /homak/HomaHelpSite/WebHelp/Price_Model_Ceiling_Floor.htm   (235 words)

  
 BP Gas Power and NGL - NGL - Risk Management Tool: Price Floors   (Site not responding. Last check: 2007-10-20)
A Price Floor deal allows a customer to receive a credit or cash settlement at the end of each month if the month's OPIS average price at a selected location is lower than a predetermined price (the 'Floor' price) agreed upon between the parties.
A floor price of $0.60 per gallon referenced to a monthly Conway OPIS average is agreed upon between the parties.
Parties agree to a floor price, benchmark physical pricing location (for which OPIS price assessments are published), and number of months that the contract will cover; customer pays the corresponding (non-refundable) premium.
www.bp.com /genericarticle.do?categoryId=3050098&contentId=3050049   (397 words)

  
 Price floor - Wikipedia, the free encyclopedia
For a price floor to be effective, it must be greater than the equilibrium price.
A historical (and current) example of a price floor are minimum wage laws, laws specifying the lowest wage a company can pay an employee (employees are suppliers of labor and the company is the consumer in this case).
With this price floor, those who can find jobs, win (they were being paid a smaller wage, and now they get a higher wage), but unemployment also occurs.
en.wikipedia.org /wiki/Price_floor   (409 words)

  
 Price ceiling - Wikipedia, the free encyclopedia
Price ceilings are often intended to protect consumers from certain conditions that could make necessities unattainable.
The government put in price controls, so the soldiers and their families were able to pay their rent and keep their homes.
Producer Surplus is the difference between the price for which a producer would be willing to provide a good or service and the actual price at which the good or service is sold.
en.wikipedia.org /wiki/Price_ceiling   (502 words)

  
 Price Ceilings
Instead, they have established either price ceilings, which are prices above which it is illegal to buy or sell, or price floors, which are prices below which it is illegal to buy or sell.
Price ceilings are not the only sort of price controls governments have imposed.
The function of price as a rationer is most clearly seen when price is prohibited from acting as a rationer, so that some other method of rationing (such as queuing or coupon rationing) must emerge or be developed.
ingrimayne.com /econ/AllocatingRationing/PriceAsRationer.html   (424 words)

  
 thisplace.com.au - Price Guide - Floor Covering
For timber that is in greater demand the price be higher.
Cork flooring is a type of covering that people do not immediately think of when it comes to choosing a floor covering but is a good choice.
Prices - Expect to pay around $60 -$65 per square metre for your cork floor to be supplied and layed.
www.thisplace.com.au /priceguide/floorcovering1.htm   (1301 words)

  
 Price Floor: Percent   (Site not responding. Last check: 2007-10-20)
This indicator is useful for creating a trading strategy protective stop at a specified percentage below the entry price.
The stop order will be activated once the price drops down to 90, at which point you will exit your long position.
The stop order will be activated once the price raoses to 110, at which point you will exit your short position.
www.neuroshell.com /indicators/WebHelp/trading_strategy__protective_stops/price_floor_percent.htm   (138 words)

  
 Jerry Taylor and Peter Van Doren - The Killing Floor - washingtonpost.com
The very real chance that a future Congress would repeal the price floor would discourage both producers and consumers from factoring the price floor in to their investment decisions, and rightly so.
Of course, a price floor won't make any difference if the depletionists are right that oil prices have nowhere to go but up for the rest of time.
Trading a world in which transportation fuel prices are very high sometimes but relatively low most of the time for a world in which prices are very high all the time is scarcely a bargain.
www.washingtonpost.com /wp-dyn/content/article/2006/05/27/AR2006052700722.html   (974 words)

  
 MyWestTexas.com - Oil price floor needs to be considered -- now   (Site not responding. Last check: 2007-10-20)
With the price of oil nearing record highs and the cost of pumping gas into our vehicles rising each week, many people believe the petroleum industry is enjoying great economic growth.
The rigs drilling for oil in the United States are up some 50 percent over the last year to 178, but that pales in comparison to the 781 rigs currently drilling for gas or the 750 rigs drilling for oil back in 1987.
The raw price for gasoline at the refinery would not be adversely affected as $22 per barrel correlates to 70 cents per gallon (before state and federal taxes).
www.mywesttexas.com /site/news.cfm?newsid=7697913&BRD=2288&PAG=461&dept_id=474107&rfi=6   (592 words)

  
 price floor definition - Dictionary - MSN Encarta
price floor definition - Dictionary - MSN Encarta
Search for "price floor" in all of MSN Encarta
commerce least permissible price: a minimum price for something, e.g.
encarta.msn.com /encnet/features/dictionary/DictionaryResults.aspx?refid=561547879   (73 words)

  
 The Minimum Price Contract
This gives him a forward contract price, from which he can then subtract the cost of the premium for the selected call option and any other costs such as commission charges or interest..
As prices fell, in this case, the producer was protected from the price decline since he had a forward contract that assured him a minimum price.
Assume the new crop futures price is at $2.90/bu., and the elevator is willing to offer a forward contract at a basis of $0.10 cents under the new crop futures.
trmep.tamu.edu /cg/overheads/oh2-17.html   (760 words)

  
 Opec has ‘not set an oil price floor’ - Middle East Business news related to travel, food, hotel, real estate, ...   (Site not responding. Last check: 2007-10-20)
Opec has not formally set a firm oil price floor that it intends to defend, the group's president said, despite comments from Venezuela that the producer group wanted to keep prices above $60 a barrel.
Opec has not officially set a new price band or target since abandoning its $22-$28 range three years ago, although price hawks Iran and Venezuela last week both indicated that the group would no longer tolerate prices below $60 a barrel.
Some analysts took that as an indication that it was seeking to defend prices at $55-$60 a barrel.
www.tradearabia.com /tanews/newsdetails_snOGN_article113991_cnt.html   (375 words)

  
 MyWestTexas.com - Oil price floor needs to be considered -- now   (Site not responding. Last check: 2007-10-20)
With the price of oil nearing record highs and the cost of pumping gas into our vehicles rising each week, many people believe the petroleum industry is enjoying great economic growth.
The raw price for gasoline at the refinery would not be adversely affected as $22 per barrel correlates to 70 cents per gallon (before state and federal taxes).
Ultimately, the new floor would increase employment and the tax base and stem the flow of imported oil into this country.
mywesttexas.com /site/news.cfm?newsid=7697913&BRD=2288&PAG=461&...   (592 words)

  
 Farmland establishes hog price floor for pork producers
It is offering a base price of $15 per 100 pounds for hogs meeting its weight and quality specifications to farmers who sold hogs to the cooperative between Sept. 1, 1997, and Dec. 19, 1998.
Farmland will monitor the hog market and evaluate the need for a price floor on a weekly basis, Gary Evans, executive vice president and chief operating officer of Farmland Meats Group, said Tuesday as the decision was announced.
The company’s price floor announcement came a day after the U.S. Department of Agriculture said it would buy $15 million worth of pork to help farmers and supply food banks during the holiday season.
texnews.com /1998/biz/hog1224.html   (286 words)

  
 Price comparison - Floor Speakers
The slender Radius 225 ‘Plasma’ is a versatile loudspeaker, which by virtue of its very shallow depth (105mm) is ideal for use with slim video displays...
The addition of a second 175mm (7”) bass unit enables this elegant floor standing loudspeaker to deliver rich and extended bass with control and finesse....
The AEGIS EVO Three is a 3-way, slim-line floor standing speaker and the flagship of the series.
www.price-vulture.co.uk /1152_Floor-Speakers.htm   (395 words)

  
 Price Floor for Plane Tickets Unnecessary: Opinion   (Site not responding. Last check: 2007-10-20)
However, the price floor that the authorities have already established in the draft plan indicates that faith in market competition has yet to prevail among policy-makers.
Nevertheless, the establishment of a minimum price level means the thrust of the reform scheme has become a casualty of some decision-makers' strong scepticism towards the market's role in optimizing the allocation of resources.
A more acceptable price level in line with the growth of the public's income would be not only in the interests of the majority of the population but also crucial to the expansion of the market, which is a key factor in addressing the overcapacity of Chinese airlines.
english.peopledaily.com.cn /200307/15/eng20030715_120310.shtml   (761 words)

  
 Cox Crow » Blog Archive » The Price Floor of Labor
One of the topics under consideration for prompt action once the 110th Congress take their seats is the minimum wage.
The problem I see with not having a minimum wage is that it will aggravate the effects of monopsony, but that does not make setting the price floor a Federal responsibility.
This entry was posted on Friday, November 10th, 2006 at 6:02 pm and is filed under General.
www.coxesroost.net /journal/2006/11/10/the-price-floor-of-labor   (424 words)

  
 The Minimum Price Contract
As prices fell, the producer was protected from the price decline by a forward contract that assured him a minimum price of $2.58.
It allows the producer to lock in a price floor as protection from a downward price move, while at the same time maintaining potential for his price to increase if market prices move higher after the contract is signed.
Another reason producers like the minimum price contract is that it gives them added protection in case their production falls short of the contracted amount and they must purchase grain at a higher price at harvest to fulfill their forward contract.
trmep.tamu.edu /cg/factsheets/rm2-17.html   (1558 words)

  
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