(1)目的...

The purpose of this paper is to examine the feature and the transition of trade in the Asia-Pacific region during the post-World War II period. The paper employs the gravity model with some regional dummy variables to estimate trade flows among 80 economies through temporal cross-section data...

This paper investigates dynamic properties of environmental externalities with a framework of voluntary provision of a public good by analyzing the infinite duration dynamic game. We compare the first best solution, the open-loop solution under enforceable commitments, and the closed-loop...

In a modified version of the Gravity Model, appropriate dummy variables have been introduced to analyze the effects of both trade creation and trade diversion by the three economic organizations of the EEC (European Economic Community), the LAFTA (Latin American Free Trade Association) and the...

This paper investigates dynamic properties of fiscal reconstruction by analyzing the infinite duration dynamic game among various interest groups with a framework of voluntary acceptance of tax burden. By comparing the first best solution, the open-loop solution under enforceable commitments,...

The object of this paper is to reexamine possible non-existence of Cournet-Nash equilibrium using the war of attrition, when there are increasing returns to rent-seeking expenditures. In our multi-person, multi-period model based on the war of attrition, each player, in addition to determining...

This paper shows that with subsidiaries of different nature due to locational characteristics, the multinational firm not only charges different transfer prices, but also supplies different levels of the intermediate input to the downstream branch. In particular, interior transfer prices are...

This paper shows that in the short run, following an exogenous price shock, the union wage always increases, while the competitive wage may decrease, which contrasts the case in which labor is not unionized.

This paper studies the international and intertemporal implications of increased government expenditure. First, it reviews the conventional proposition that increased government expenditure raises interest rates, crowds out investment, and reduces growth. Then, it shows that this proposition...