Pricing of public utilities has long been discussed after Hotteling (1947), and most preceding arguments have provided a negative answer to the question to attain a Pareto-efficient allocation in an economy with non-convex production possibilities. Contrasting to these, Kamiya (1995) provided an...

This study examines the potential benefit of college students' part-time work on their career development by focusing on leader-member exchange (LMX) and taking charge behavior in the workplace. Using a sample of Japanese college students, results from this study indicate that taking charge...

Yamanaka Hyouemon family who was one of Omi-Hino Merchants established the first and second branches in the Gotenba area located at the foot of Mt. Fuji in the Edo period. Focusing on the licenses to brew and the bookkeeping, this paper examines the business activities of the second Gotenba...

All the social insurance systems in Japan have faced number of difficulties in recent years mainly because, on the one hand both aging and number of children declining had accelerated and on the other hand Japan experienced stagnated economy after 1990. Among them the public pension system...

Countries with higher implicit taxes on continued work are associated with lower labor force participation rates of the elderly. This paper constructs a politicoeconomic model that accounts for this feature based on multiple, self-fulfilling expectations of agents. In this model, agents are...

We develop a model for determining whether a firm should exercise two real options individually or simultaneously. The simultaneous exercise of both options has positive synergy, such as economies of scale, scope, and networks, while separate exercise of each option benefits from project...

Are recessions really good for workplace safety? This paper develops a model with search to consider the determinants of workplace safety and then investigates the relationship between unemployment and the incidence of work-related injury. There is a view following Arai and Thoursie (2005), Ruhm...

Toward the end of World War 2, British and U.S. governments created a joint program to investigate German technology and requisitioned numerous technical documentations, some of which were opened to public as technical reports. Japanese industries, refereeing them to as the gPB reportsh, tried...

Using two-period panel data from the Nippon Life Insurance Research Institute, this paper tests the hypothesis that an increase in the self-pay ratio of medical expenditures associated with the Japanese health insurance reforms of April 2003 reduced household medical expenditures. We find that...

Using the Atkinson inequality measure of income distribution, we analyze the impact of China as a single country and examine the effect of its domestic income inequality on total income inequality among East Asian countries. First, we find that China's domestic income inequality exacerbated...