Cost-based transfer pricing under R&D risk aversion in an integrated supply chain
Cost-based transfer pricing under R&D risk aversion in an integrated supply chain
复制标题
DOI：
10.1016/j.ijpe.2011.10.030
复制
发表时间：
2012-09
影响因子：
12
通讯作者：
K. Matsui
中科院分区：
文献类型：
--
作者：
K. Matsui
本文研究了当风险厌恶的生产部门经理面临研发投资结果的不确定性时，转移定价在垂直整合供应链中的经济作用。特别是，我们比较了两种有代表性的基于成本的转让定价方法：全成本定价和可变成本定价。我们在假设R&D投资降低生产要素的预期固定成本和可变生产成本的基础上构建了一个经济模型。我们证明了在确定的情况下，完全成本转移定价下的企业利润大于可变成本转移定价下的利润。与这一基准结果相反，当风险厌恶的管理者承担相对较高的风险时，可变成本定价比全成本定价更有利可图。
This paper examines the economic role of transfer pricing for a vertically integrated supply chain when a risk-averse production-division manager faces uncertainty on the outcomes from R&D investment. In particular, we compare two representative cost-based transfer pricing methods: full-cost and variable-cost pricing. We construct an economic model based on the assumption that R&D investment reduces the expected fixed costs of a production factor as well as the variable production costs. We show that a firm's profit under full-cost transfer pricing is greater than that under variable-cost transfer pricing under certainty. Contrary to this benchmark result, variable-cost pricing becomes more profitable than full-cost pricing when the risk-averse manager bears relatively high risk.