This paper examines the effectiveness of government transfers in overcoming the Samaritan's dilemma in a family in which the child saves an insufficient amount in order to induce larger bequests from the parent. The results are as follows. First, exogenous government transfers do not affect...

In this paper, the basic economic factors underlying government decisions on regional allocation of public investment will be examined in relation to the stages of economic development of Japan. We will show that the improvement of dualism in regional income inequality has been the most...

This paper investigates income transfers between dynastic families caused by a public pension system. Using Japanese data, we present simulation results based on a model in which intergenerational altruism works, and income distribution exists between and within generations. The growth rates of...

This paper presents empirical evidence on scale economies and overcapitalization in Japanese electric utilities. The authors employ the short-run equilibrium model in which the variable cost function treats capital stock as a quasi-fixed factor. They specify the variable cost function as a...