Explaining pricing conduct in a product-differentiated oligopolistic market: An empirical application of a price conjectural variations model
Explaining pricing conduct in a product-differentiated oligopolistic market: An empirical application of a price conjectural variations model
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解释产品差异化寡头垄断市场中的定价行为：价格推测变异模型的实证应用
DOI：
10.1002/agr.10030
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发表时间：
2002
期刊：
影响因子：
3.2
通讯作者：
H. Kaiser
中科院分区：
文献类型：
--
作者：
Junko Kinoshita;N. Suzuki;H. Kaiser
应用一个推广的Bertrand类型的模型来深入了解日本公司对由鲜奶和重组奶制成的牛奶饮料的定价行为。基于每周扫描仪数据的实证结果表明，原始的伯川德模型不适合于我们的实证分析。与日本之前基于总体市场数据估计的价格弹性相比，该估计模型得出的自有价格弹性要大得多，这支持了日本零售商的观点，即液态奶是一种比之前研究发现的更具价格弹性的产品。将估计的价格猜想纳入模型中，导致部分价格弹性和感知的自有价格弹性之间存在相当大的差异。结果表明，企业的价格猜想可能是决定企业感知的自有价格弹性的重要因素。对估计的推测变量进行了检验，以确定它们是否代表一致的定价行为，结果表明，一致的定价行为不能得到统计支持。Lecon-List引文：Q110，Q130r©2002 Wiley期刊，Inc.
A generalized Bertrand-type model is applied to gain insights on Japanese firms' pricing conduct regarding milk beverages made from fresh milk and reconstituted milk. The empirical results, based on weekly scanner data, indicate the original Bertrand model is inappropriate for our empirical analysis. The estimated model resulted in substantially more elastic own-price elasticities than previous estimates in Japan based on aggregate market data, supporting the Japanese retailers' contention that fluid milk is a more price-elastic product than what previous studies had found. Incorporating estimated price conjectures into the model resulted in considerable discrepancies between partial and perceived own-price elasticities. The result shows that a firm's price conjecture can be an important factor in determining the firm's perceived own-price elasticity. The estimated conjectural variations were tested to determine whether they represent consistent pricing behavior, and the results indicated that consistent pricing behavior could not be statistically supported. lEcon-Lit citations: Q110, Q130r © 2002 Wiley Periodicals, Inc.