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A Generalized User-Revenue Model of Financial Firms under Dynamic Uncertainty:Equity Capital, Risk Adjustment, and the Conjectural User-Revenue Model
https://doi.org/10.15099/00002076
https://doi.org/10.15099/000020766f6b60d8-97f3-43ef-a2f1-42a43e8b046f
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Item type | テクニカルレポート / Technical Report(1) | |||||||
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公開日 | 2009-09-25 | |||||||
タイトル | ||||||||
タイトル | A Generalized User-Revenue Model of Financial Firms under Dynamic Uncertainty:Equity Capital, Risk Adjustment, and the Conjectural User-Revenue Model | |||||||
言語 | ||||||||
言語 | eng | |||||||
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主題Scheme | Other | |||||||
主題 | Equity capital | |||||||
キーワード | ||||||||
主題Scheme | Other | |||||||
主題 | Risk adjustment | |||||||
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主題Scheme | Other | |||||||
主題 | Conjectural user-revenue model | |||||||
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主題Scheme | Other | |||||||
主題 | Generalized user-revenue price | |||||||
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主題Scheme | Other | |||||||
主題 | Extended generalized-Lerner index | |||||||
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資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||
資源タイプ | technical report | |||||||
ID登録 | ||||||||
ID登録 | 10.15099/00002076 | |||||||
ID登録タイプ | JaLC | |||||||
著者 |
Homma, Tetsushi
× Homma, Tetsushi
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抄録 | ||||||||
内容記述 | A generalized user-revenue model is proposed in which the volatility risk of quasi short-run profits and equity capital effects reflecting the risk of bearing the costs of financial distress are taken into consideration. This is achieved by extending the conjectural user-revenue model proposed by Homma and Souma (2005). Specifically, uncertainties are added to endogenous holding-revenue and holding-cost rates, and the utility function of financial firms is formulated in terms of both quasi short-run profits and equity capital. The conjectural user-revenue price is extended as a generalized user-revenue price, and the extended generalized-Lerner index is proposed to incorporate these extensions. | |||||||
書誌情報 |
Working Paper,Faculty of Economics University of Toyama 巻 229, p. 1-44, 発行日 2009-06-05 |
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内容記述 | application/pdf | |||||||
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内容記述 | application/pdf | |||||||
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出版タイプ | VoR | |||||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
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出版者 | FACULTY OF ECONOMICS UNIVERSITY OF TOYAMA | |||||||
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内容記述 | Working Paper | |||||||
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関連名称 | Working Paper / No.229 |