Determinants of Price Formation in Jember Regency, Indonesia

Abstract

Price stability is a prerequisite in maintaining economic growth. Price stability or inflation in Indonesia has become the sole end target of the implementation of the monetary policy framework. However, the dynamic of inflation movement is predicted to result from the increase in commodity prices and domestic demand. This study aims to analyze the behavior of market participants in responding to information that potentially increases and lowers prices and the character of rationality owned by traders in Jember Regency. Based on the results of analysis of the condition of the occurrence of price changes, in general the cases of price increase or decrease are still dominated by the purchase price of the goods themselves. Meanwhile, the results of risk analysis of traders' preference showed that traders' response is asymmetric. Traders as the subjects tend to choose the option that gives certainty although it is harmful. The action and reaction between traders in the cases of price increase or decrease in one of the main commodities generate dominant strategies. The dominant strategies are taken when traders are in optimal conditions and react with each other.

Digital finance: a developing country perspective with special focus on gender and regional disparity

“…This result finds support from existing literature (Mbiti and Weil, 2015;Potnis et al, 2020;Friedline et al, 2020). The middle age group is found to be most financially literate compared to young and older age group (Klapper and Lusardi, 2020;Wardhono et al, 2016), which justifies the results obtained in this study. Possession of mobile phone raises the chance of making online payment by 8.6%, whereas usage of internet raises it by more than 9%.…”

“…Thus, the required financial knowledge which in other words called financial literacy plays a significant role in the promotion of financial inclusion, providing ability to plan, save and react to financial shocks (Atkinson and Messy, 2011; Klapper et al , 2013; Khan et al , 2022). Education is a prerequisite for such financial literacy and, therefore, for financial inclusion (Islam and Simpson, 2018; Wardhono et al , 2016).…”

Harga Energi dan Tingkat Kemiskinan di Indonesia

“…Hal ini karena konsumsi energi berkaitan langsung pada aktivitas dan kesejahteraan masyarakat melalui pemanasan dan pendinginan, penerangan, serta pengoperasian peralatan (Menyhért, 2022). Berbeda dari kebanyakan barang konsumsi lainnya, konsumsi energi sering dianggap sebagai kebutuhan dasar yang kepuasannya diperlukan untuk kualitas hidup yang dapat diterima (Wardhono et al, 2016). Karena akses ke bahan bakar dan listrik sangat bergantung pada tingkat harganya dan mengingat ketergantungan harga tersebut pada pilihan kebijakan (misalnya pilihan tentang perpajakan atau bauran energi), maka hubungan antara harga energi dan kemiskinan merupakan hal yang penting (Welsch & Biermann, 2014).…”

Indeks Inklusi Keuangan Indonesia (Analisis Kontribusi Sektor Usaha Lembaga Keuangan Mikro)

“…Selain itu, ketidakmampuan seseorang untuk berinvestasi atau mengakses pasar keuangan terhambat oleh kurangnya pendidikan keuangan. (Puneet Bhushan, 2013) Literasi keuangan merupakan salah satu perhatian yang paling penting bagi pemerintah, industri perbankan, konsumen, dan organisasi lainnya, menurut temuan penelitian Indrawati (Wardhono et al, 2016). Secara spesifik, peningkatan literasi keuangan dapat dilakukan melalui beberapa strategi prioritas, antara lain: 1) memberikan pendidikan literasi keuangan bagi generasi mendatang melalui sistem pendidikan formal; 2) meningkatkan akses informasi dan kebijakan pemerintah serta menjadi instrumen dan sumber daya pengelolaan keuangan; dan mendorong peningkatan kualitas pemahaman keuangan melalui berbagai program.…”