Ideal Market Research Articles

Minat Masyarakat Muslim terhadap Jasa Bank Syariah Perspektif Bank Syariah dan Perilaku Masyarakat

Indonesia is an ideal market for Islamic banking because the majority of the population is Muslim. Only 6.63% of the total national banking assets were owned by Islamic banks in Indonesia in 2022. This shows that people are not too interested in using Islamic bank services. This research is qualitative research that uses a case study approach. Data collected from interviews with a hundred randomly selected people. The purpose of this study is to determine the level of public demand for Islamic banks based on the perspective of Islamic banks (marketing mix) and community behavior. The results of the study show that factors related to Islamic banks include the lack of office networks and promotions that make Muslims not use their services. In addition, personal and social factors are also the most important factors in influencing people's behavior. The study recommends Islamic banks to create marketing policies that are appropriate to the Muslim community.

Detaching ‘neoliberalism’ from ‘free markets’: monopolistic corporations as neoliberalism’s ideal market form

ABSTRACT The article contributes to the emerging literature on neoliberalism that explicitly rejects the long-held assumption that it is fundamentally about the valorisation of free markets. This scholarship has taken a more ‘applied’ approach hitherto, leaving open the question of whether neoliberalism might be about free markets in principle. Via a wide-ranging survey of texts authored by intellectuals from the Austrian, Chicago and Ordoliberal schools, the article explores the neoliberal endorsement of monopolistic corporations. While beginning with distinctive conceptions of markets, neoliberal intellectuals occupy remarkably similar ground once they elaborate on their vision for markets. Monopolistic corporations are most enthusiastically discussed by Austrian authors and in the most qualified manner by Ordoliberals, but the effect is analogous: they represent the ideal form taken by markets. Only when neoliberalism is detached from free markets can a fully appropriate critique be mounted, enhancing the possibilities for it to be overcome.

The Concept of Price Mechanism in The Halal Industry Refers to The Thought of The Price Concept of Yahya Bin Umar and Ibnu Taimiyah

The price mechanism in the halal industry has an important role in determining the value and price of halal products. The concept of pricing mechanism in Islam has been initiated by the thinkers Yahya bin Umar and Ibn Taymiyyah. The purpose of this study is to find out how the relationship between the pricing mechanisms of the two Islamic thinkers in the halal industry. Descriptive analytical with qualitative research methods and a historical approach are used in this research. As a result, Yahya bin Umar and Ibn Taymiyyah's approaches to the pricing mechanism provide different perspectives but are in line with the context of healthy and fair pricing. Yahya bin Umar views that prices are determined by the ideal market mechanism, while Ibn Taymiyyah emphasizes the importance of healthy competition and wise government intervention. The price mechanism in the halal industry should reflect the intrinsic value of the product, ensure fairness in transactions, and support the sustainability of the industry. The government can use the price mechanism to set a minimum price or ensure halal products meet certain standards. Fair and competitive pricing will enable wider access to halal products and maintain consumer confidence over a longer period.

Permasalahan Konsep Harga Dan Solusi Ekonomi Islam Terhadap Mekanisme Pasar Modern

Price that occur in the market can undergo changes and can naturally return to normal. The ideal market mechanism is one in which price power is determined by supply and demand. However, in the current area, there is a need for supervision from the government so that market distortion does not occur. Many frauds are committed by sellers so that they get a bigger profit. This study uses a qualitative method where the author actively conducts research from various sources. As for the study of the findings found to overcome the existing problems, namely examining the teachings of the Islamic concept which prohibits all practices that can harm one party. Islam has provided concepts according to shari’a values such as the application of the principles of justice, honesty, openness and mutual consent and voluntarily in setting prices and market mechanisms. The muslim scholar Ibn Taimiyah also contributed to the idea of Islamic economics that the market needs to be subject to price intervention in certain circumstances in order to create justice in society.

A multi-agent cellular automata model to explore water trading potential under information transaction costs

The economic literature has extensively researched water markets, finding that this instrument can deliver superior resource allocations under growing scarcity. However, these assessments typically ignore the information, bargaining, and enforcement costs that occur in trades, known as transaction costs, which can be particularly relevant in emerging markets such as those for water. This paper presents a multi-agent cellular automata model that couples a positive multi-attribute utility programming (PMAUP) model with an agent-based model (ABM) to elicit the information transaction costs of water trading under alternative market and climate scenarios. A first experiment evaluates an ideal water market with no transaction costs, which is then compared to alternative decentralized spot market setups representing different degrees of information availability that are modeled using the coupled PMAUP-ABM. The difference between the economic surplus under the ideal market and that achieved under alternative market setups with information constraints is used as a proxy value of information transaction costs. Methods are illustrated with an application to the Douro River Basin in central Spain. Results show that information transaction costs can reduce the economic surplus between 0.6% and 45% depending on the scenario.

Groundfish quota prices

In 2010, the Northeast United States groundfish fishery adopted a catch share system in which Annual Catch Entitlements (quota) are allocated to groups of firms, known as sectors. The quota market has many features that differ from an ideal market: trades are facilitated by sector managers, completed trades are not easily seen by all, and both package and barter trades are common. This paper examines quota prices using a two stage econometric model. In the first stage, transactions data are used to estimate the prices of individual stocks of quota. In the second stage, a hurdle model is used to understand the determinants of quota prices. Despite the many quirks inherent in groundfish management, quota prices are affected by fundamentals in reasonable ways: increases in output prices and decreases in quota available both increase quota prices. Increases in monitoring rates also increase quota prices, evidence that at least some of the groundfish fleet is not always compliant with fishing regulations when not observed.

Economic sustainability assessment of a gypsum ceiling tile with polyurethane foam waste

The amount of plastics deposited in the environment is constantly increasing. To improve their circularity, numerous research lines emerge, such as the creation of new construction materials that incorporate polymeric waste. This practice manages to extend the life cycle of the waste, avoids the consumption of limited natural resources and gives the product additional characteristics. The re-use of polyurethane foam waste as a substitute for gypsum in ceiling tiles carries technical improvements such as a decrease in the weight of the material and in its thermal conductivity, maintaining a positive fire reaction performance. The goal of this work is to analyse its economic viability. For this, the financial assessments of the PU-Gypsum product and its standard alternative are compared. The results show that the Life Cycle Cost Analysis (LCCA) of the new precast is 6% cheaper. Despite the fact that the waste processing entails an extra cost, this is widely offset by the increase in the factory’s production capacity due to its shorter drying time. The manufacturing stage represents 3/5 of the total cost for both materials. The PU-Gypsum precast is an ideal market alternative to the traditional gypsum one with improved properties and proficient in an economic level.

Should Automotive Firms Opt Into Green Innovation?

In recent years, increasing social, stakeholder, and regulatory pressures have pushed automotive firms to invest in green innovation in an attempt to lower their harmful effects on the environment. They may choose to either put resources into developing green initiatives or further develop their core competencies as a firm. Previous studies find positive correlation between green initiatives: green product innovation, green process innovation, green marketing, and green supply chain management with firm image, sustainable development, and financial performance. The study proposes a model to build a conceptual framework of ideal market and timing conditions when undergoing green innovation as an automotive firm as well as an application and implications of the concepts within the existing market and regulatory environment.

Video‐sharing platform's optimal monetary incentive decisions considering motivation crowding‐out effect

Considering the motivation crowding‐out effect of monetary incentives, a game‐theoretic model is built to examine a video‐sharing platform's optimal incentive decisions. Results show that offering monetary incentives to contributors does not ensure an improvement in video quality nor an increase in the platform's profit. We identify four ideal market conditions for the platform to offer monetary incentives. We find that though the motivation crowding‐out effect seems to undermine the effectiveness of monetary incentives, the ideal market conditions for offering monetary incentives do not always require this effect to be very weak; sometimes it even has to be medium.

Black soldier fly larvae (BSFL) as a feed for beef cattle: a hedonic pricing model

Black soldier fly (Hermetia illucens) larvae (BSFL) have potential to be utilised as livestock feed. Cattle, specifically, may be an ideal market for BSFL due to their specialised digestive physiology and the size of the cattle feeding industry. Currently, however, the market value of BSFL as cattle feed is unknown. This creates a critical limitation to evaluating the feasibility of BSFL as feed and deters the insect rearing industry from pursuing cattle as a potential outlet for products. Accordingly, the objective of our study was to predict the market value of BSFL as a nutrient source for cattle. To achieve this, we developed a hedonic model that established a quantitative relationship between the nutrient content of 13 conventional cattle feeds and their mean quarterly price. The model was then used to estimate the market value of BSFL based on its nutrient composition (94% dry matter, 109% total digestible nutrients, 38% crude protein, 35% ether extract, 10% ash). Using the Chicago market and 2021-U.S. dollar values, we predicted the price of BSFL for the cattle feed market to be $312.30±4.90/short ton, which was greater than the actual market price of all feeds included in our analysis. Significant drivers of price in our model were total digestible nutrients (P≤0.01) and crude protein (P≤0.05); with all else held constant, each additional unit of total digestible nutrients was valued at $4.08 and each additional unit of crude protein at $4.68. These data provide insights into the economic value of BSFL as a cattle feed and indicate that, to optimise market value of BSFL as cattle feed, rearing processes increasing total digestible nutrient and crude protein content should be developed.

ОСОБЛИВОСТІ ВИБОРУ МЕТОДУ ОЦІНКИ РИНКОВОЇ ВАРТОСТІ БІЗНЕСУ ПРИ ДІАГНОСТУВАННІ ЙОГО ЕКОНОМІЧНОЇ БЕЗПЕКИ

The article is devoted to the characteristics of methods of estimating the value of business in diagnosing its economic security. The study aims to analyze modern methods of estimating the value of business in view of the peculiarities of unstable market operation in modern conditions. Also, the peculiarities of the methodology of business value assessment taking into account the size of the business are investigated. Emphasis is placed on the need to form an assessment of the value of the business in the diagnosis of economic security of such business, taking into account the state of the market and the reliability of the data used by the appraiser in the calculations. The relevance of the topic of the study is the need to form a comprehensive approach to assessing the value of business in diagnosing its economic security. This approach should cover as much as possible the parameters of the business, the state of the market and the reliability of the data for calculations. Methods of scientific generalization, analysis, synthesis and comparison were used during the research. As a result of the study, it was concluded that in general, all approaches, regardless of the size of the business are interrelated. Each of them involves the use of different types of information obtained in the market. When choosing an approach, the evaluator has different perspectives. Although these approaches are based on data collected in the same market, each deals with different aspects of the market. Under ideal market conditions, all approaches to business valuation should lead to approximately the same result. However, in the real economy, markets are almost unbalanced. There is a logical need to study and identify effective methods of assessing the value of the business to take into account the safety of such business, which allowed to calculate a generalized, representative assessment of the value of the business. Thus, in modern conditions, the process of successful operation of business largely depends on the level of economic security. In our opinion, the use of comprehensive business valuation based on a combination of all valuation methods eliminates one-sidedness and more realistic assessment of business value and obtain a reliable source of information for its forecasting in order to make informed management decisions. The experience of assessing business value abroad based on the application of international assessment standards is outlined. The development and application of methodological approaches to assess the current level of business value and determine the impact of this indicator on the level of economic security of enterprises will allow to make sound economic decisions and predict the response of economic security to appropriate action.

THE DIGITAL ACCOUNTING ENTREPRENEURSHIP COMPETENCY FOR SUSTAINABLE PERFORMANCE OF THE RURAL MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES): AN EMPIRICAL REVIEW

A year has passed since the Covid-19 pandemic hit the world and no one could have imagined that it would leave such a massive impact on the world economic landscape. The most affected groups are the Rural Micro, Small, and Medium Enterprises (MSMEs) and micro-entrepreneurs. With the implementation of the Movement Control Order (MCO), the business owners are in dilemma in the way to sustain and maintain their businesses. They need to scrutinize the ability of their businesses to continue operations amid the Covid-19 pandemic. Besides, these business owners were forced to explore new strategies to interact with customers and to simplify transaction processes. A new shift or new normal of the spending habits are formed where individuals are more interested to perform online shopping, and this creates an ideal market environment for business owners to accelerate, test, and launch new experience-driven mobile applications and websites across all their digital platforms. Hence, this study is an empirical attempt to formulate the digital accounting competency model for rural MSMEs. The available online empirical recourses by the name of digital accounting entrepreneurship and sustainable performance of the rural MSMEs in different online database sources such as Google Scholars, Springer Link, Wiley, Science Direct, JSTOR, Emerald full text, Scopus, and EBSCO HOST were used for the review. The review findings hitherto show that digital accounting entrepreneurship has a significant role in ensuring the sustainable performance of the rural MSMEs, especially for entrepreneurial competency, marketing capability, knowledge sharing, financial resources, technology usage, drive change and engagement, and individual competency is considered the most influencing factors toward sustainable performance among the rural MSMEs in the world. This finding, therefore, warrants a more in-depth analysis to develop a digital accounting entrepreneurship competency model.

Market Segmentation of Innovative Products Using Genetic Algoritms

One way to increase the company's competitiveness is to find new market niches. The market niche is the result of innovations that stimulate hidden, potential demand, as a result of which the company, developing a new market, avoids intense competition and receives a higher rate of return. It is proved that the growing number and complexity of tasks in the field of marketing research, working with a large amount of information, leads to the need to group data. The aim of the study is to develop a universal approach to solving the problem of market segmentation of innovative products based on a combination of genetic algorithm with traditional clustering methods. An ideal market niche can be defined as a compact and isolated series of points, which in some space of characteristics are objects or data elements. The selection of a market niche in the medical equipment market is carried out using a top-down approach. This approach implies the traditional segmentation of customers, which is carried out in the following order: segmentation, segment selection, positioning. It is believed that segmentation is the starting point for the formation of a market niche. To segment the medical equipment market, it is proposed to use cluster analysis methods. According to the results of the analysis, it can be seen that the market segments of potential consumers of medical equipment and consumables of Siemens in Ukraine are characterized by a fairly dense grouping of images of consumers around the center of its cluster in the space of features. The presented genetic clustering algorithm is flexible in relation to the decision-making process, as it allows to perform clustering based on various criteria, such as maximum mutual removal of clusters, proximity of geometric images of objects to the center of the cluster, other criteria. This is achieved by changing the calculation formula of the fitness function, which takes into account the necessary combination of clustering criteria without changing the structure of the algorithm. The algorithm is insensitive to initialization, as in the process of evolution of chromosomes through the use of genetic operators, the algorithm completely covers the whole set of acceptable solutions, which, in turn, provides high quality market segmentation.

QTL Mapping of Seed Quality Traits Including Cooking Time, Flavor, and Texture in a Yellow Dry Bean (Phaseolus vulgaris L.) Population.

Manteca yellow dry beans (Phaseolus vulgaris L.) have many quality traits that appeal to consumers, including fast cooking times, creamy texture, and sweet, buttery flavor. They are native to Chile and consumed in regions of South America and Africa but are largely unfamiliar to United States consumers. While cooking time, flavor, and texture have not been prioritized in United States dry bean breeding programs, genetic variability exists such that these traits could be addressed through breeding. In this study, a recombinant inbred line (RIL) population was developed from a cross between Ervilha (Manteca) and PI527538 (Njano), yellow dry beans with contrasting cooking time and sensory attributes. The population and parents were grown for 2 years in Michigan and evaluated for cooking time and sensory attribute intensities, including total flavor, beany, vegetative, earthy, starchy, sweet, bitter, seed-coat perception, and cotyledon texture. Cooking time ranged 19–34 min and exhibited high broad-sense heritability (0.68). Sensory attribute intensities also exhibited variation among RILs, although broad-sense heritability was low, with beany and total flavor exhibiting the highest (0.33 and 0.27). A linkage map of 870 single nucleotide polymorphisms markers across 11 chromosomes was developed for quantitative trait loci (QTL) mapping, which revealed QTL for water uptake (3), cooking time (6), sensory attribute intensities (28), color (13), seed-coat postharvest non-darkening (1), seed weight (5), and seed yield (2) identified from data across 2 years. Co-localization was identified for starchy, sweet, and seed-coat perception on Pv01; for total flavor, beany, earthy, starchy, sweet, bitter, seed-coat perception, cotyledon texture, and color on Pv03; water uptake and color on Pv04; total flavor, vegetative, sweet, and cotyledon texture on Pv07; cooking time, starchy, sweet, and color on Pv08; and water uptake, cooking time, total flavor, beany, starchy, bitter, seed-coat perception, cotyledon texture, color, and seed-coat postharvest non-darkening on Pv10. The QTL identified in this work, in particular CT8.2 and CT10.2, can be used to develop molecular markers to improve seed quality traits in future dry bean varieties. Considering yellow dry beans already excel in quality and convenience, they might be an ideal market class to signal a new focus on consumer-valued traits in the United States.

ON THE COASE THEOREM AS A THEORETICAL BASIS FOR THE KYOTO AND PARIS PROTOCOLS

Purpose of the study: a critical examination of the so-called Coase theorem, which is largely the theoretical basis of the idea of trading in emission quotas for greenhouse gas emissions. Since the research is theoretical, research methods: critical analysis of texts written by researchers who adhere to the economic mainstream and theoretical construction. In our opinion, Coase's theorem is essentially reduced to indicating that two conditions are implicitly assumed in the proof of the optimality of the ideal market model: 1) the absence of transaction costs; 2) fully defined property rights to all resources, in any way involved in the transactions in question. The problem is that these two conditions in a situation of environmental problems are completely unrealistic. Therefore, the question of optimal environmental and economic regulation cannot be considered closed. Moreover, it is impossible to present this problem as already solved when writing textbooks for students and graduate students. Those who study must be aware of the real complexity of the problem of unwanted externalities destroying the Earth's biosphere. Only in this case, having become managers and politicians, they will be able to stop negative processes in the biosphere and implement the declarations adopted in Rio de Janeiro, Kyoto and Paris in the common interests of all people living on Earth.

The status of striped bass,Morone saxatilis,as a commercially ready species for U.S. marine aquaculture

AbstractStriped bass,Morone saxatilis, is an anadromous fish native to the North American Atlantic Coast and is well recognized as one of the most important and highly regarded recreational fisheries in the United States. Decades of research have been conducted on striped bass and its hybrid (striped bass × white bassMorone chrysops) and culture methods have been established, particularly for the hybrid striped bass, the fourth largest finfish aquaculture industry in the United States (US $50 million). Domesticated striped bass have been developed since the 1990s and broodstock are available from the government for commercial fry production using novel hormone‐free methods along with traditional hormone‐induced tank and strip spawning. No commercial‐scale intensive larval rearing technologies have been developed at present and current fingerling production is conducted in fertilized freshwater ponds. Larval diets have not been successfully used as first feeds; however, they have been used for weaning from live feeds prior to metamorphosis. Striped bass can be grown out in marine (32 ppt) or freshwater (<5 ppt); however, they require high hardness (200+ ppm) and some salinity (8–10 ppt) to offset handling stress. Juveniles must be 1–10 g/fish prior to stocking into marine water. Commercially available fingerling, growout, and broodstock feeds are available from several vendors. Striped bass may reach 1.36 kg/fish in recirculating aquaculture by 18 months and as much as 2.27 kg/fish by 24 months. Farm gate value of striped bass has not been determined, although seasonally available wild‐harvested striped bass are valued at about US $6.50 to US $10.14 per kg and cultured hybrid striped bass are valued at about US $8.45 to US $9.25 per kg whole; the farm gate value for cultured striped bass may be as much as US $10.00 or more per kg depending on demand and market. The ideal market size is between 1.36 and 2.72 kg/fish, which is considerably larger than the traditional 0.68 to 0.90 kg/fish for the hybrid striped bass market.

Competition in the Italian electricity market: The unforeseen social welfare losses of reform

The worldwide wave of reforms investing power industry has created new challenges to both supply demand side management. After deregulation, electric utilities restructured their opera-tions from vertically integrated mechanisms to open market systems in order to establish a new competitive sector. Reform has involved also the Italian power sector, but competition, as lar-gely shown by the empirical literature particularly in the first years of reform, has been far to be reached, and the electricity markets has been characterized by conditions of oligopoly and exercise of market power. This paper aims to analyze welfare loss and deviation from the competitive equilibrium recorded in the day ahead Italian electricity market after the first wave of reforms was almost implemented. The study presents a theoretical and empirical model to construct a competitive equilibrium, estimating market power, both, on the supply and demand sides of the day ahead electricity market. Results show the effect of non-competitive equilibriums for the hourly markets in the period 2013-2014. In an ideal competitive market, prices would be lower than historical prices by about 2-5% and quantities would be higher by about 0.5-1%.

ASEAN-REPUBLIC OF KOREA DIGITAL PARTNERSHIP: THE IMPERATIVES OF TRANS-REGIONAL COOPERATION IN CONTROLLING COVID-19

As the raging pandemic of COVID 19 continues to spread and bring the world to its knees, governments are struggled searching for effective solutions to prevent the further expansion of the disease and its tremendous impact to the human’s life, specifically economy. Yet, the Republic of South Korea (ROK) has successfully responded to such problems with the advanced technology. In the contrary, ASEAN countries are still struggling to manage the massive impacts of COVID-19 due to its lack of equal technological access. Hence, this essay will not only explore the lesson and learned of Korea for ASEAN and ASEAN existing conditions but also outlines the possible adoptions of ASEAN-Korea Digital Partnership in the post-COVID 19. After being amalgamated in extensive and strategic relations for more than 30 years, ASEAN and ROK has accomplished outstanding achievements and blossoming development in partnership. Specifically, technological cooperation has always been the heart of ASEAN-ROK relations in which furnish the technological advancements for ASEAN and open up to Korea an ideal market for its technological production. On those grounds, ASEAN-Korea Digital Partnership is more than feasible to be pursued. However, there are several challenges that intercept such as ASEAN economy, technological, and political incompatibilities. Therefore, the Digital Partnership needs some adjustments which can be deciphered as follows: 5G interconnectivity, surveillance system, e-commerce, and cybersecurity cooperation. By formulating cooperation in such areas which are supported by the aforementioned data, this essay can be taken into account for the discussions of the near-future ASEAN-Korea Digital Partnership’s operation.

Analisis Penerapan Etika Jual Beli Islami Dalam Meminimalisir Distorsi Pasar Pada Pasar Tradisional (Studi Kasus Pada Pasar Induk Giwangan Yogyakarta)

In Islamic economics, the market is creat to achieve market equilibrium. But the reality in the field is still challenging to find a market where the mechanism is imbalanced, which is not compatible with the ideal market according to Islamic principles. Many internal and external factors influence the disruption of the market mechanism. The disturbances that occur are known as market distortions. The existence of irregularities in the market is inevitable, where this behavior is far from the ethics of trade in Islam. The purpose of this study was to determine whether the traders in the Giwangan traditional market, which is dominated by Muslim traders, have implemented Islamic trading ethics to minimize market distortions. This research uses qualitative research with a field study approach and uses observation and interview methods. Based on the research results, it can be concluded that there is an Islamic trading ethic that has been practiced by traders in the Giwangan market, namely; honesty in transactions both in terms of quality and scale, the halalness of the products sold, a friendly and generous attitude, and the absence of unfair competition. But from that, there is such an unpracticed trade ethic as a lack of justice to new consumers and customers and a false oath of exaggeration in the quality of the goods sold. Therefore, it could be said that the Giwangan traditional market has attempted to trade by Islamic Sharia, although it has not been fully implemented.

Walrasian equilibria from an optimization perspective: A guide to the literature

AbstractAn ideal market mechanism allocates resources efficiently such that welfare is maximized and sets prices in a way so that the outcome is in a competitive equilibrium and no participant wants to deviate. An important part of the literature discusses Walrasian equilibria and conditions for their existence. We use duality theory to investigate existence of Walrasian equilibria and optimization algorithms to describe auction designs for different market environments in a consistent mathematical framework that allows us to classify the key contributions in the literature and open problems. We focus on auctions with indivisible goods and prove that the relaxed dual winner determination problem is equivalent to the minimization of the Lyapunov function. This allows us to describe central auction designs from the literature in the framework of primal‐dual algorithms. We cover important properties for existence of Walrasian equilibria derived from discrete convex analysis, and provide open research questions.