| dc.contributor | 政大經濟系 | en_US |
| dc.creator (作者) | Wang,Shinn-Shyr ;Stiegert,Kyle W. ;Dhar,Tirtha | en_US |
| dc.date (日期) | 2010-06 | en_US |
| dc.date.accessioned | 17-Sep-2013 15:29:12 (UTC+8) | - |
| dc.date.available | 17-Sep-2013 15:29:12 (UTC+8) | - |
| dc.date.issued (上傳時間) | 17-Sep-2013 15:29:12 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/61078 | - |
| dc.description.abstract (摘要) | This paper investigates a comprehensive assessment of firm strategic behavior under financial market uncertainty. A general theoretical model of market value maximization (MVM) is constructed using a traditional capital asset pricing format. The model built on the nonlinear Almost Ideal Demand Systems (AIDS) and structural first-order conditions is developed. By full information maximum likelihood (FIML) estimation, the model evaluates pricing strategies in the U.S. margarine and butter retail markets using 4-week interval scanner data from 1998 to 2002. The model of profit maximization is rejected in favor of the MVM structure, and it indicates that financial market uncertainty plays an important role in the pricing behavior in this industry. We estimate the price elasticities of demand for leading brands and investigate the degree of market power in this industry. | en_US |
| dc.format.extent | 409672 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Canadian Journal of Agricultural Economics, 58(2), 151-170 | en_US |
| dc.subject (關鍵詞) | Market Value Maximization;AIDS, FIML;Model Selection | en_US |
| dc.title (題名) | Strategic Pricing Behavior under Asset Value Maximization | en_US |
| dc.type (資料類型) | article | en |
