Exploring the pattern of price interdependence in rice market in Indonesia in the presence of quality differential

Utami, Anisa Dwi; Harianto, Harianto; Krisnamurthi, Bayu

doi:10.1080/23322039.2023.2178123

Cited by 3 publications

(2 citation statements)

References 39 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The Ministry of Trade issued Decree 57/M-DAG/PER/8/2017, which established this policy. According to [11], this strategy has the potential to impact price formation in the rice market, particularly in the Cipinang primary market. Price variations in the market may be minimized due to the presence of the HET regulation, ensuring that the price of rice in the market stays steady.…”

Section: Econometric Estimation: Vector Error Correction Modelmentioning

confidence: 99%

Optimizing the role of rice central market in Java, Indonesia: the effect of toll roads construction to the rice market integration

Dharmawan,

Dumasari,

Nasir

et al. 2024

IOP Conf. Ser.: Earth Environ. Sci.

View full text Add to dashboard Cite

Rice is considered as the primary staple food that Indonesian people mostly consume on daily basis. The need of rice in Indonesia is always increasing. However, the production of rice in Indonesia has not meet its demand. One of the factors resulting the number of paddy field decreasing is the construction of toll roads. The government of Indonesia has invested intensely in the development of a toll road network. The length of toll road operation has increased from around 750 km in 2014 to over 2,500 km in 2022. The construction encroaching paddy fields and resulting the production of rice decreasing every year. The paper objective is to investigate the implications of toll road investment to the rice market integration by focusing on Java as the central rice-producing region in Indonesia. We used the Vector Error Correction Model (VECM) approach to analyze the long-ranging daily rice price data series. The result of the study found that Cipinang Central Market in Jakarta has not the significant spatial market integration with rice markets in Java. Despite the fact that West Java, East Java, and Central Java with Cipinang Central Market have a major business tie, prices are not increasing. This shows a severe lack of market integration. The phrase “optimal market integration” refers to a more efficient market, especially when it comes to establishing rice market prices.

show abstract

Section: Econometric Estimation: Vector Error Correction Modelmentioning

confidence: 99%

Optimizing the role of rice central market in Java, Indonesia: the effect of toll roads construction to the rice market integration

Dharmawan,

Dumasari,

Nasir

et al. 2024

IOP Conf. Ser.: Earth Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…Low price policies will have an effect on high prices, but not vice versa (Utami et al, 2023), meaning that such pricing policies need to be careful because high prices are very sensitive to shifting for consumers. Moreover, prices plus taxes will directly increase the inflation of the product or service itself (Benkovskis & Fadejeva, 2014), therefore for producers it is expected that there is a decrease in the tax rate in order to have a multiplicity of effects in well-being (Boeters et al, 2010).…”

Section: Premium Price Mediating Nostalgia Marketing To Customer Sati...mentioning

confidence: 99%

Nostalgic Marketing and its Antecedents on Gen X

Puspitasari,

Saputra,

Casmi

2024

J. Professional Business Review

View full text Add to dashboard Cite

Purpose: This study aims to see the extent of Borobudur temple as heritage tourism with neuromarketing/nostalgia as its main indicator. Theoretical Framework: The basic theory used is neuromarketing theory. Nostalgia as neuromarketing is defined as an emotion that has implications for a series of complex psychological processes, including social behavior. This social behavior is also related to a person's consumption behavior towards certain purchases which creates a nostalgic impact on that person. This consumption behavior is related to the marketing strategy implemented by the marketing object. Design/Methodology: The research method used is the Structural Equation Modeling (SEM) SmartPLS version 4 model. With validity, reliability and goodness of fit analysis tools to answer the research hypothesis. Findings: The results obtained by nostalgia marketing have a positive and significant effect on brand reputation, service quality, and premium price. Brand reputation and premium price do not mediate nostalgic marketing on customer satisfaction, while service quality mediates. Last result, brand reputation and premium price had no effect on customer satisfaction, while service quality had a positive and significant effect. Practical and Social Effects: Tourists' perception of tourist attractions is formed not only on the basis of individual knowledge and beliefs about the characteristics of the site, but also their feelings and perceptions of the destination. Thus, if we want to strengthen again, there is a need for an age-old relationship between tourists and brands. With constant satisfaction, respondent satisfaction remains high to an insignificant price, and commitment and loyalty will be formed. Value or Origin: The many historical tourism sectors in Indonesia and the high number of older visitors make this sector a source of economic and regional growth. This is reinforced by data from Borobudur Temple as the largest Buddhist temple heritage tourist attraction in the world, where 23% of visitors or tourists are over 50 years old. At that age, what motivation makes them visit if not memories and historical facts of the past. Remembering the past, it is easiest to visit the subject directly, this is important in studying neuromarketing and emotions in business.

show abstract

Dynamics of demand sensitivity for various rice qualities faced by retailers

Herawati,

Harianto,

Putri

et al. 2024

BIO Web Conf.

View full text Add to dashboard Cite

The pricing behaviour of rice at the retail level needs to receive adequate attention. Rice retailers in retail markets are often assumed to act as price takers, implying that individual rice retailers face a horizontal market demand curve. This study aims to comprehend the demand sensitivity of rice retailers in retail markets before, during, and after the COVID-19 pandemic. This study categorises rice retailers as those operating in traditional or modern markets. Previous studies have not illustrated the changes in demand elasticity that occur over time, as captured in this study. This study utilised rice price data published by the Bank of Indonesia. The research model is based on the theory of optimum pricing at the retail level. Based on this theory, the data were descriptively analysed to identify the patterns of demand sensitivity faced by retailers. The results indicate that the demand sensitivity of rice retailers in traditional markets is higher than that in modern markets. As the quality of the rice sold increases, the demand sensitivity of rice for retailers decreases. The findings of this study are valuable for public policies aimed at controlling rice prices at the retail level in Indonesia.

show abstract

Exploring the pattern of price interdependence in rice market in Indonesia in the presence of quality differential

Cited by 3 publications

References 39 publications

Optimizing the role of rice central market in Java, Indonesia: the effect of toll roads construction to the rice market integration

Optimizing the role of rice central market in Java, Indonesia: the effect of toll roads construction to the rice market integration

Nostalgic Marketing and its Antecedents on Gen X

Dynamics of demand sensitivity for various rice qualities faced by retailers

Contact Info

Product

Resources

About