521 results for University of Otago, Working or discussion paper

  • Foregone profit in the wine industry

    Neuninger, Rosemarie; Mather, Damien William; Duncan, Tara (2015-06-02)

    Working or discussion paper
    University of Otago

    Background and Aims: Wine awards are frequently used as extrinsic cues for wine categories. The aim of this paper is to show the forgone profit arising from failures to make optimal use of awards when positioning wine brands to consumer segments. Methods and Results: Four award statuses were tested: a well-known award, multiple awards, a fictitious award used as a control (an award without consumer trust) and, no award. Participants tasted eight wine samples: the first four without extrinsic cues; the next four used extrinsic cues with varying award status. Each sample was rated for liking, likelihood to buy and price willing to pay. Low-involvement consumers’ perceived liking and price willing to pay were improved by multiple (real gold) awards compared to high-involvement consumers. Conclusions: Trust in awards increased the price consumers were willing to pay for wine with an award. For high-involvement consumers who distrusted awards, multiple wine awards and fictitious awards negatively influenced perceived liking, likelihood to buy and price willing to pay. Significance of the Study: This is the first study to report on the combined influence of wine awards and consumers’ sensory perceptions of wine on perceived liking, likelihood to buy and price willing to pay.

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  • Admirality Islands

    Nevermann, Hans (2013)

    Working or discussion paper
    University of Otago

    Translated by John Dennison

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  • The Empress Augusta/Sepik River

    Reche, Otto (2015)

    Working or discussion paper
    University of Otago

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  • Tinkering with ticks: choosing minimum price variation for US equity markets (1996 version)

    Crack, Timothy (1997-02)

    Working or discussion paper
    University of Otago

    The full text of this document is only available from the Social Science Research Network. Please use the related link to access the full text.

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  • Foreign exchange exposure of U.S. firms in the Pacific rim

    Zhang, Lifan; Crack, Timothy (2005-06-23)

    Working or discussion paper
    University of Otago

    The full text of this document is only available from the Social Science Research Network. Please use the related link to access the full text.

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  • Implied binomial trees in Excel without VBA

    Arnold, Tom; Crack, Timothy; Schwartz, Adam (2004-05-14)

    Working or discussion paper
    University of Otago

    The full text of this document is only available from the Social Science Research Network. Please use the related link to access the full text.

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  • Pricing for profit in dynamic competitive markets using logit demand models: closed form optima and some corollaries

    Mather, Damien William (2017-09-11)

    Working or discussion paper
    University of Otago

    This manuscript develops and simplifies a pricing decision model for maximum profit as a function of unit variable cost, 3 estimated price-demand response points, a simplified representation of known competitor intensity and dynamic pricing behaviour and typically known down-channel demanded mark-ups that uses a logit price-demand response model. Including a logit price-demand response model supports pricing decisions that simultaneously optimise both net profit, and Gross Marginal Return On Investment or GMROI. Differential calculus methods are used to produce a simplified function to optimise profitability. Worked examples demonstrate the ease of use and practical usefulness of such supported pricing decisions in typical decision making contexts using conventional decision making aids. Pilot surveys of pricing decision makers indicated two qualitatively different decision making processes, only one of which is near optimal. This method adapts to a range of logit price-demand response model complexity from a simple primary category demand response capturing a pricing decision-maker’s response expectations to more complex alternative-specific-coefficient multinomial logit models fitted to scanner panel revealed preference or stated preference survey data. The model also adapts across channel depth from direct manufacturer sales to many channel members. Market simulations using typical brand equity, price elasticity, competitor intensity and dynamic pricing response heuristics delivers informative insights that somewhat contradict more established market pricing axioms and interpretations

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  • Copyright Payments in Eighteenth-Century Britain, 1701–1800

    Fielding, David; Rogers, Shef (2015-06)

    Working or discussion paper
    University of Otago

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  • Cheap Talk in a New Keynesian Model

    Wesselbaum, Dennis (2016-02)

    Working or discussion paper
    University of Otago

    This paper shows that the stance of fiscal policy does have significant impact on the conduct of monetary policy in the United States. Further, we document that the implied fiscal-monetary policy interactions are subject to regime instability, using a Markov-switching model. Then, we develop a microfoundation of regime switches using a cheap talk game between central bank and government. As a case study, we simulate the effects of regime switches within an otherwise standard New Keynesian model using the cheap talk game in the state-space of our model.

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  • Mixed Reality Experience Questionnaire (MREQ) -Reference

    Regenbrecht, Holger; Botella, Cristina; Baños, Rosa; Schubert, Thomas (2017-02-28)

    Working or discussion paper
    University of Otago

    The Mixed Reality Experience Questionnaire (MREQ) is designed to be used as a measure of a user's sense of presence and their general experienced perception of an Augmented Reality, Virtual Reality, or Augmented Virtuality environment. It consists of 33 seven-point-Likert-like items. Researchers might want to apply all or only some of those items. This Technical Report serves as a reference. Researchers who use this MREQ are asked to send their findings and/or publications to the first author and to cite this Technical Report.

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  • Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease

    Coleman, Andrew (2017-04)

    Working or discussion paper
    University of Otago

    This paper provides an analysis of how the New Zealand tax system may be affecting residential property markets. Like most OECD countries, New Zealand does not tax the imputed rent or capital gains from owner-occupied housing. Unlike most OECD countries, since 1989 New Zealand has taxed income placed in retirement savings funds on an income basis, rather than an expenditure basis. The result is likely to be the most distortionary tax policy towards housing in the OECD. Since 1989, these tax distortions have provided incentives that should have lead to significant increases in house prices and the average size of new dwellings, should have reduced owner-occupier rates, and should have led to a worsening of the overseas net asset position. The tax settings are likely to be regressive, and are not intergenerationally neutral, as they impose significant costs on current and future generations of young New Zealanders (and new migrants). Since it does not appear to be politically palatable to tax capital gains or imputed rent, to reduce the distortionary consequences of the tax system on housing markets New Zealand may wish to reconsider how it taxes retirement savings accounts by adopting the standard OECD approach.

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  • Simulation Evidence on Herfindahl-Hirschman Indices as Measures of Competitive Balance

    Owen, P. Dorian; Owen, Caitlin A. (2017-12)

    Working or discussion paper
    University of Otago

    Measurement of the degree of competitive balance, how evenly teams are matched, is central to the economic analysis of professional sports leagues. A common problem with competitive balance measures, however, is their sensitivity to the number of teams and the number of matches played by each team, i.e., season length. This paper uses simulation methods to examine the effects of changes in season length on the distributions of several widely used variants of the Herfindahl-Hirschman index applied to wins in a season. Of the measures considered, a normalized measure, accounting for lower and upper bounds, and an adjusted measure perform best, although neither completely removes biases associated with different season lengths.

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  • International tourism and economic growth in New Zealand

    Jaforullah, Mohammad (2015-04)

    Working or discussion paper
    University of Otago

    This paper examines whether the tourism-led growth hypothesis holds for the New Zealand economy. Using unit root tests, cointegration tests and vector error correction models, and annual data over the period 1972-2012 on international tourism expenditure, real gross domestic product (GDP) and the exchange rate for New Zealand, it finds that the tourism-led growth hypothesis holds for New Zealand. The long-run elasticity of real GDP with respect to international tourism expenditure is estimated to be 0.4, meaning that a 1% growth in tourism will result in a 0.4% growth of the NZ economy. This finding implies that the New Zealand Government’s policy to promote New Zealand as a preferred tourism destination in the key international tourism markets may boost economic growth.

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  • Is New Zealand's economy vulnerable to world oil market shocks?

    Jaforullah, Mohammad; King, Alan (2015-04)

    Working or discussion paper
    University of Otago

    We assess New Zealand’s vulnerability to oil shocks by estimating its price and income elasticities of demand for imported oil and by testing for Granger causality between oil imports, their price and GDP. Based on data for the period 1987Q2–2012Q4, we find the short-run price and income elasticities to be statistically insignificant. However, the long-run price and income elasticity estimates are significant and equal to −0.34 and 1.61, respectively. We also find that oil imports, and to some extent oil prices, Granger-cause real GDP, indicating that the New Zealand economy is vulnerable to shocks in the world oil market.

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  • The Archives of Joseph William Mellor (1869-1938): Chemist, Ceramicist & Cartoonist

    Smith, Romilly (2015)

    Working or discussion paper
    University of Otago

    Joseph William Mellor (1869-1938) was an Otago graduate who became a ceramicist, a cartoonist, and, more importantly, a famous chemist. Indeed, his single-handed effort to complete his 16 volume definitive work A Comprehensive Treatise on Inorganic and Theoretical Chemistry (1922-1937), which amounted to over 15,000 pages and 16 million words, has never been equalled. From very humble beginnings and self-initiated study, Mellor obtained a place at the University of Otago, and then won a scholarship to study for a research degree at Owens College, Manchester. He then moved to Stoke-on-Trent, where he became principal of the Technical College (now part of Staffordshire University). During the First World War, Mellor’s research was directed towards refractories, high-temperature ceramics relevant to the steel industry and thus the war effort. It was for this work that he was offered a peerage, which he turned down. In 1927 he was elected to the Royal Society for work related to ceramics, the only other being Josiah Wedgwood in the eighteenth century. Mellor retained a boyish sense of humour all his life, and he was dubbed by colleagues the ‘Peter Pan of Ceramics’. He was also a skilled cartoonist and his Uncle Joe’s Nonsense (1934) contains a collection of humorous stories illustrated with clever pen sketches. Just before Mellor died in May 1938, he received a C.B.E.

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  • Keen on EVs: Kiwi perspectives on electric vehicles, and opportunities to stimulate uptake

    Ford, Rebecca; Stephenson, Janet; Scott, Michelle; Williams, John; Rees, David; Wooliscroft, Ben (2015-06)

    Working or discussion paper
    University of Otago

    Copyright The Authors

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  • Bilateral foreign aid: How important is aid effectiveness to people for choosing countries to support?

    Cunningham, Harry; Knowles, Stephen; Hansen, Paul (2016-04)

    Working or discussion paper
    University of Otago

    We conduct a discrete choice experiment (DCE) to determine how important aid effectiveness is to people relative to other criteria for choosing countries to support with bilateral foreign aid. We find that aid effectiveness is important, on a par with recipient-country need as proxied by the level of hunger and malnutrition. Both criteria are more important than others.

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  • Robert Gibbings (1889-1958): An Inventory of his Work in Special Collections, University of Otago

    Smith, Romilly (2016-04)

    Working or discussion paper
    University of Otago

    Irish-born Robert Gibbings (1889-1958) was an incredibly talented artist, engraver, and author. He traveled widely and spent a lot of time in the South Pacific; he even visited Dunedin in the 1940s. Special Collections at the University of Otago has a wide range of works by and about Gibbings; most of which are listed in this inventory.

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  • Implementing agent communication languages directly from UML specifications

    Cranefield, Stephen; Purvis, Martin; Nowostawski, Mariusz (2001-02)

    Working or discussion paper
    University of Otago

    This paper proposes the use of the Unified Modelling Language (UML) as a formalism for defining an abstract syntax for Agent Communication Languages (ACLs) and their associated content languages. It describes an approach supporting an automatic mapping from high-level abstract specifications of language structures to specific computer language bindings that can be directly used by an agent platform. Some advantages of this approach are that it provides a framework for specifying and experimenting with alternative agent communication languages and reduces the error-prone manual process of generating compatible bindings and grammars for different syntaxes. A prototype implementation supporting an automatic conversion from an abstract communication language expressed in UML to a native Java API and a Resource Description Framework (RDF) serialisation format is described.

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  • Middle Eastern and Islamic Materials in Special Collections, University of Otago

    Daneshgar, Majid; Kerr, Donald (2017-10)

    Working or discussion paper
    University of Otago

    An inventory of Middle Eastern and Islamic Materials in Special Collections at the University of Otago, Dunedin, New Zealand.

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