IDEAS home Printed from https://ideas.repec.org/a/vrn/journl/y2023i3p224-237.html
   My bibliography  Save this article

An Approach To Modeling The Probable Consumers Demand Of Food Products Using Pearson Distribution System And Johnson Distribution System

Author

Listed:
  • Milcho BLIZNAKOV

    (Department of Industrial Business and Logistics, Varna University of Economics, Bulgaria)

Abstract

The purpose of the article is to evaluate the parameters of demand for diesel fuel by households in Bulgaria, the structure of the retail fuel market and the effectiveness of competition. Based on statistical data, the parameters of the demand function for diesel fuel by households were estimated and the price and income elasticity was determined. Models of market behaviour are applied and theoretical values of equilibrium quantities and prices are estimated. The hypotheses of cartel existence, revenue maximization, competitive market with low market concentration and perfect competition are tested.

Suggested Citation

  • Milcho BLIZNAKOV, 2023. "An Approach To Modeling The Probable Consumers Demand Of Food Products Using Pearson Distribution System And Johnson Distribution System," Business & Management Compass, University of Economics Varna, issue 3, pages 224-237.
    • Handle: RePEc:vrn:journl:y:2023:i:3:p:224-237
    as

    Download full text from publisher

    File URL: https://journal.ue-varna.bg/uploads/20231024113346_12905170116537ab9a4e831.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lin, C.-Y. Cynthia & Zeng, Jieyin (Jean), 2013. "The elasticity of demand for gasoline in China," Energy Policy, Elsevier, vol. 59(C), pages 189-197.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wittmann, Nadine, 2014. "Regulating gasoline retail markets: The case of Germany," Economics Discussion Papers 2014-17, Kiel Institute for the World Economy (IfW Kiel).
    2. Arzaghi, Mohammad & Squalli, Jay, 2015. "How price inelastic is demand for gasoline in fuel-subsidizing economies?," Energy Economics, Elsevier, vol. 50(C), pages 117-124.
    3. Kenneth Gillingham & David Rapson & Gernot Wagner, 2016. "The Rebound Effect and Energy Efficiency Policy," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(1), pages 68-88.
    4. Huntington, Hillard G. & Barrios, James J. & Arora, Vipin, 2019. "Review of key international demand elasticities for major industrializing economies," Energy Policy, Elsevier, vol. 133(C).
    5. Mohammad Haider Kamruzzaman & Takeshi Mizunoya, 2021. "Quantitative analysis of optimum corrective fuel tax for road vehicles in Bangladesh: achieving the greenhouse gas reduction goal," Asia-Pacific Journal of Regional Science, Springer, vol. 5(1), pages 91-124, February.
    6. Pang, Jindong & An, Lan & Shen, Shulin, 2023. "Gasoline prices, traffic congestion, and carbon emissions," Resource and Energy Economics, Elsevier, vol. 75(C).
    7. Malik, Afia, 2018. "Fuel Demand in Pakistan's TRansport Sector," MPRA Paper 103455, University Library of Munich, Germany.
    8. Mohammad Vesal & Amir Hossein Tavakoli & Mohammad H. Rahmati, 2022. "What do one hundred million transactions tell us about demand elasticity of gasoline?," Empirical Economics, Springer, vol. 62(6), pages 2693-2711, June.
    9. Burke, Paul J. & Liao, Hua, 2015. "Is the price elasticity of demand for coal in China increasing?," China Economic Review, Elsevier, vol. 36(C), pages 309-322.
    10. Prateek Bansal & Rubal Dua, 2022. "Fuel consumption elasticities, rebound effect and feebate effectiveness in the Indian and Chinese new car markets," Papers 2201.08995, arXiv.org.
    11. Eleyan, Mohammed I.Abu & Çatık, Abdurrahman Nazif & Balcılar, Mehmet & Ballı, Esra, 2021. "Are long-run income and price elasticities of oil demand time-varying? New evidence from BRICS countries," Energy, Elsevier, vol. 229(C).
    12. Leonid Galchynskyi, 2020. "Estimation of the price elasticity of petroleum products’ consumption in Ukraine," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 15(2), pages 315-339, June.
    13. Gioele Figus & Patrizio Lecca & Karen Turner & Peter McGregor, 2016. "Increased energy efficiency in Scottish households: trading-off economic benefits and energy rebound effects?," EcoMod2016 9454, EcoMod.
    14. Mundaca, Gabriela, 2017. "How much can CO2 emissions be reduced if fossil fuel subsidies are removed?," Energy Economics, Elsevier, vol. 64(C), pages 91-104.
    15. Gioele Figus & Patrizio Lecca & Peter McGregor & Karen Turner, 2017. "Energy efficiency as an instrument of regional development policy? Trading-off the benefits of an economic stimulus and energy rebound effects," Working Papers 1702, University of Strathclyde Business School, Department of Economics.
    16. Wang, Banban & Wei, Jie & Tan, Xiujie & Su, Bin, 2021. "The sectorally heterogeneous and time-varying price elasticities of energy demand in China," Energy Economics, Elsevier, vol. 102(C).
    17. Hong-Mei Deng & Qiao-Mei Liang, 2017. "Assessing the synergistic reduction effects of different energy environmental taxes: the case of China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 85(2), pages 811-827, January.
    18. Carlos Frederico A. Uchoa & Cleiton S. de Jesus & Leonardo C. B. Cardoso, 2021. "The asymmetric pattern of fuel demand in Brazil," Economics Bulletin, AccessEcon, vol. 41(1), pages 155-160.
    19. Moshiri, Saeed, 2020. "Consumer responses to gasoline price and non-price policies," Energy Policy, Elsevier, vol. 137(C).
    20. Daldoul Manel & Dakhlaoui Ahlem, 2021. "The Direct Rebound Effect and Energy Efficiency Policy: An Econometric Estimation in the case of Tunisian Transport Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 235-243.

    More about this item

    Keywords

    Retail diesel fuel market; demand; competition; price elasticity;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:journl:y:2023:i:3:p:224-237. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yana Doneva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.