• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

An Empirical Generalized User-Revenue Model of Financial Firms under Dynamic Uncertainty : Generalized User-Revenue Prices and Extended Generalized-Lerner Indices

Research Project

Project/Area Number 19530272
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Public finance/Monetary economics
Research InstitutionUniversity of Toyama

Principal Investigator

HOMMA Tetsushi  University of Toyama, 経済学部, 教授 (60241775)

Project Period (FY) 2007 – 2009
Project Status Completed (Fiscal Year 2009)
Budget Amount *help
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2009: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2008: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2007: ¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Keywordsgeneralized user-revenue model / empirical generalized user-revenue model / generalized user-revenue price / extended generalized-Lerner index / EGURM / SEHRR / SEHCR / Net Margin Cost / Net Marginal Fund / Payoff / Return / CCAPM / stochastic endogenous holding-revenue rate / stochastic endogenous holding-cost rate / variable cost function / cost efficiency / global concavity / global convexity / stochastic endoeenous holding-revenue rate / stochastic Euler equation / risk-adiustment term
Research Abstract

(Homma (2009(2008の改訂版))) 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.

Report

(4 results)
  • 2009 Annual Research Report   Final Research Report ( PDF )
  • 2008 Annual Research Report
  • 2007 Annual Research Report
  • Research Products

    (8 results)

All 2010 2009 2008 Other

All Journal Article (5 results) (of which Peer Reviewed: 2 results) Remarks (3 results)

  • [Journal Article] 損害保険の産業組織に関する実証的研究:競争度及び費用効率性の推定と規制の評価2010

    • Author(s)
      姉崎正起子・本間哲志
    • Journal Title

      金融経済研究 第30号

      Pages: 21-41

    • NAID

      120002851786

    • Related Report
      2009 Annual Research Report 2009 Final Research Report
    • Peer Reviewed
  • [Journal Article] A Generalized User-Revenue Model of Financial Firms under Dynamic Uncertainty : Equity Capital, Risk Adjustment, and the Conjectural User-Revenue Model2009

    • Author(s)
      Homma, T.
    • Journal Title

      Working Paper Faculty of Economics, University of Toyama No.229

    • URL

      http://jairo.nii.ac.jp/0053/00002428

    • Related Report
      2009 Final Research Report
  • [Journal Article] 損害保険の産業組織に関する実証的研究:競争度及び費用効率性の推定と規制及び合併の評価2009

    • Author(s)
      姉崎正起子・本間哲志
    • Journal Title

      Working Paper Faculty of Economics, University of Toyama No.240

    • URL

      http://jairo.nii.ac.jp/0053/00002429

    • Related Report
      2009 Final Research Report
  • [Journal Article] 損害保険の産業組織に関する実証的研究 : 競争度及び費用効率性の推定と規制の評価2009

    • Author(s)
      姉崎正起子, 本間哲志
    • Journal Title

      Working Paper, Faculty of Economics, University of Toyama N0. 240

      Pages: 1-41

    • NAID

      120002851786

    • Related Report
      2008 Annual Research Report
  • [Journal Article] A Generalized User-Revenue Model of Financial Firms under Dynamic Uncertainty : Equity Capital, Risk Adjustment, and the Conjectural User-Revenue Model2008

    • Author(s)
      Tetsushi Homma
    • Journal Title

      Working Paper, Faculty of Economics, University of Toyama No.229

      Pages: 1-42

    • Related Report
      2007 Annual Research Report
    • Peer Reviewed
  • [Remarks] 2009年9月25日に[雑誌論文]の(1)と(2)を図書館のリポジトリに登録したところ,JAIRO(Japanese Institutional Repositories Online)のアクセスランキング(2009年10月~12月,2010年1月~12月,2009年度のランキング,2011年1月~2月)(2011年3月10日時点)で1位([雑誌論文]の(1))と2位([雑誌論文]の(2))の評価を得ている.

    • URL

      http://jairo.nii.ac.jp/

    • Related Report
      2009 Final Research Report
  • [Remarks] 2009年9月25日に図書館のリポジトリに登録したところ, JAIRO(Japanese Institutional Repositories Online, http://jairo.nii.ac.jp/)のアクセスランキング(2009年10月,同11月,同12月,2010年1月,同2月,同3月,2009年度のランキング)(2010年3月29日時点)で1位の評価を得ている

    • URL

      http://jairo.nii.ac.jp/0053/00002428

    • Related Report
      2009 Annual Research Report
  • [Remarks] 同様のアクセスランキング(2009年10月,同11月,同12月,2010年1月,同2月,同3月,2009年度のランキング)(2010年3月29日時点)で2位の評価を得ている

    • URL

      http://jairo.nii.ac.jp/0053/00002429

    • Related Report
      2009 Annual Research Report

URL: 

Published: 2007-04-01   Modified: 2016-04-21  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi