Abstract: There is a growing body of literature analyzing empirically the evolution of productivity dispersion at the firm level and its determinants. This paper contributes to this literature by investigating the case of Japanese firms during the so-called “Lost Decade” (1992-2005), which...

Contemporary economic analysis is largely subject to rather bizarre schizofrenic syndromes. On the one hand, over the last thirty years or so, macro theories have tried to squeeze the interpretation of whatever aggregate dynamics down to some sort of decision-theoretic framework in which the...

This paper aims to provide an alternative framework to previous studies of deflation in Japan. We focus on the real dimension of the price dynamics and propose an imperfect competition model, which describes a rent economy, where the formation of prices can be separated into the markup (level of...

Cet article propose de réinvestir le concept de segmentation pour penser les transformations contemporaines du marché du travail japonais, à distance à la fois des études centrées sur les grandes entreprises et qui prédisent la fin du système d'emploi à la japonaise, et de celles qui...

Contemporary economic analysis is largely subject to rather bizarre schizofrenic syndromes. On the one hand, over the last thirty years or so, macro theories have tried to squeeze the interpretation of whatever aggregate dynamics down to some sort of decision-theoretic framework in which the...

In this paper, we focus on the real dimension of the price dynamics in Japan between 1980 and 2000. We use a panel industry dataset to analyze the impact of institutional and structural factors on the heterogeneous price dynamics of 10 manufacturing sectors. Although the evolution of unit labor...

This paper aims to provide an alternative framework to previous studies of deflation in Japan. We focus on the real dimension of the price dynamics and propose an imperfect competition model, which describes a rent economy, where the formation of prices can be separated into the markup (level of...

Most institutional theories of the diversity of capitalism (at least implicitly) assume the existence of a representative firm in each type of capitalism. Based on a case study of Japan during the Lost Decade (1992-2005), this paper aims at showing that this assumption introduces severe...

This paper focuses on the real – as opposed to the monetary – side of the economy to explain price dynamics in Japan between 1981 and 2001. We use a panel industry dataset to examine the impact of institutional and structural factors on the heterogeneous price dynamics in 10...