In this study, we investigate the effect of a positive public investment shock on Japan's private consumption, real wages, and real effective exchange rate using a factor augmented vector autoregressive (FAVAR) model applied to a rich dataset. We demonstrate that private consumption increases,...

Whether universal preschool education can eliminate the achievement gap among children in the long term has been debated in the United States and elsewhere. This paper offers new evidence from the experience of massive preschool education expansion in Japan. Using prefecture-level panel data, we...

This paper discusses some new evidences on intra-industry trade (IIT). In particular, we focus on EU trade with Eastern European countries, using trade data at HS eight-digit product level for the period 1988 - 2010. Our findings include Eastern European countries' rise up the quality ladder,...

We describe the mechanism of feedback methods of counting single transferable votes, such as Meek's method, in the framework of n-person strategic games. We show that the games are in the class introduced by Masuzawa (International Journal of Game Theory 32:2003 and 37:2008), and that for any...

This study examines changes in the domestic coal market, as well as in environmental loads, caused by the combustion of domestic coal during 'the energy revolution' in post-war Japan, by focusing on changes in three kinds of coal quality parameters: calorific value, ash content and sulphur...

Using the option pricing based model of the deposit insurance, for all the listed banks in Japan, we compute the actuarially fair insurance premium as well as the market value of assets and asset volatility implied by banks' stock prices. The findings based on these variables imply that banks...

In a strategic cooperative game, we consider four cores α, β, γ and the one we call δ which is essentially the same to conjectural cooperative equilibria due to Currarini and Marini [2]. We show that if every player has a dominant strategy, the β-core includes the γ-core, and therefore...

This paper examines whether overtime regulations have a significant impact on the hours worked and hourly wages, by focusing on so-called name-only managers in Japan. The term name-only manager refers to an employee who has essentially the same job description as other employees, but who is...

This paper develops a tractable model for the simultaneous investigation of the exit of firms and economic growth. Using this model, it shows that the existence of exit of firms weakens the positive effects of an intensified product market competition on the growth rate. A more intense product...

In this paper, we analyze the corruption in entry regulation that involves an entrepreneur and a track of bureaucrats. Instead of formulating a game in extensive form to analyze the sequential nature of the process involved in the application for a permit, we focus on the corruption in entry...