Why was aggregate consumption in Japan so weak despite the massive monetary expansion by the Bank of Japan? Based on our household panel data finding that the consumption response of households of non-regular workers are stronger than those of regular workers, we set up a New Keynesian model...

This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on observed market shares, we use the distance between bank...

There is no single country in the World without tariffs. One main argument supporting such policies is to protect “good jobs.” This paper examines if these policies may be defended based on economic efficiency. This paper presents a small open economy model with two sectors: the “good...

Aggregate U.S. labor market dynamics are well approximated by a dual labor market supplemented with a third, predominantly, home-production segment. We uncover this structure by estimating a Hidden Markov Model, a machine-learning method. The different market segments are identified through...

Aggregate U.S. labor market dynamics are well approximated by a dual labor market supplemented with a third, predominantly, home-production segment. We uncover this structure by estimating a Hidden Markov Model, a machine-learning method. The different market segments are identified through...

In the governance of the shared mobility market of a city or of a metropolitan area, there are two conflicting principles: 1) the healthy competition between multiple platforms, such as between Uber and Lyft in the United States, and 2) economies of network scale, which leads to higher chances...

This study explores the characteristics of Japan's dual labor market. I identify these characteristics by analyzing the labor market stocks and flows using data from the Japanese Labour Force Survey and the Monthly Labour Survey. To control for demographic factors, I perform the analysis at both...

Auctions have the potential and are expected to improve the cost-effectiveness of nonpoint source pollution abatement to which the polluter pays principle is considered difficult to apply. In this study, we consider a model of reverse auction in which emissions trading credits for reducing...

This paper develops a model with high-skilled and low-skilled workers to show the expansionary effects of government spending despite large training costs for new hires. The main idea is that a fiscal stimulus induces changes in the composition of the labor force conditional on the extent of...

Auctions have the potential and are expected to improve the cost-effectiveness of nonpoint source pollution abatement to which the polluter pays principle is considered difficult to apply. In this study, we consider a model of reverse auction in which emissions trading credits for reducing...