| 研究生: |
楊志常 Chih-Chang Ken Yang |
|---|---|
| 論文名稱: |
價格與數量的實證研究 :以大尺寸的TFT LCD panels為例 |
| 指導教授: | 吳文傑 |
| 學位類別: |
碩士
Master |
| 系所名稱: |
商學院 - 國際經營管理英語碩士學位學程(IMBA) International MBA Program College of Commerce(IMBA) |
| 論文出版年: | 2005 |
| 畢業學年度: | 93 |
| 語文別: | 英文 |
| 論文頁數: | 65 |
| 外文關鍵詞: | Panel Data, Fixed Effect Model, Quantity Elasticity, Price Elasticity, TFT LCD |
| 相關次數: | 點閱:253 下載:28 |
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The purpose of this research is to understand and explain the TFT LCD industry phenomenon of oversupply vs. shortage and its impacts on the prices and quantities of individual TFT LCD makers. Also, to look for any fixed effects (if any exist) due to specific company and due to specific time.
We employ a fixed effect model to estimate impacts of individual traded quantity on price and impacts of individual price on traded quantity. Using the panel data covering 16 makers and 24 months, our results reveal that the TFT LCD panel is highly quantity inelastic of the traded price but greatly price elastic of the traded quantity.
With regard to fixed effect, the empirical result reveals there were significant time effects of price for some periods of time while there were significant time effects of quantity for some sizes of panels. Supply and demand could be one of the factors determining the time effects. As to the company fixed effect, most of company fixed effects of quantity prices were found significant whereas company fixed effects of price were not. Market shares and country of origin can be significant factors determining the company fixed effect of quantity.
Keywords: Panel Data, Fixed Effect Model, Quantity Elasticity, Price Elasticity, Company Fixed Effect, Time Fixed Effect, TFT LCD
Chapter 1 Introduction----------------------------------------1
1.1 Motivation------------------------------------------------1
1.2 Objectives------------------------------------------------2
1.3 Organization----------------------------------------------2
Chapter 2 Literature Review-----------------------------------4
Chapter 3 TFT LCD Industry Introduction-----------------------8
3.1 What makes TFT LCD panels---------------------------------8
3.2 Industry Supply Chain------------------------------------10
The Competitors----------------------------------------------10
The Suppliers------------------------------------------------14
The Customers------------------------------------------------15
The Crystal Cycle--------------------------------------------16
Chapter 4 Methodology----------------------------------------19
4.1 Theoretical Analysis and Hypotheses Development----------19
4.2 Empirical Model and Specification------------------------25
Chapter 5 Data Source, Sample and Descriptive Statistics-----31
5.1 Data Source and Sample-----------------------------------31
5.2 Descriptive Statistics-----------------------------------32
5.2.1 Descriptive Statistics by Company and by Segment-------34
5.5.2 Descriptive Statistics by Time and by Segment----------38
5.2.3 Descriptive Statistics of Aggregate NB and Monitor Panel- -------------------------------------------------------42
5.2.4 Transition of Different Panel Sizes--------------------46
Chapter 6 Empirical Results----------------------------------48
6.1 Analysis of Price Elasticity of Traded Quantity----------48
6.2 Analysis of Quantity Elasticity of Traded Price----------51
6.3 Time Effect Analysis-------------------------------------53
6.4 Company Fixed Effect Analysis----------------------------57
Chapter 7 Conclusions----------------------------------------61
7.1 Summary--------------------------------------------------61
7.2 Recommendation-------------------------------------------62
Appendix-----------------------------------------------------63
Reference----------------------------------------------------64
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Samsung web site: www.samsungtftlcd.com
AUO web site: www.auo.com
Witsview web site: www.witsview.com