This is the first study to apply to Japanese housing data the econometric analysis of piecewise-linear budget constraints arising from space-linked interest rates. Two models of housing demand are discussed: The first is a Hausman-type model for floor space with random preferences and...

To study the impact of foreign direct investment (FDI) on innovation, imitation and technology transfer, we introduce FDI into Grossman and Helpman's quality ladders product cycle model, thus allowing technology transfer between countries to occur through both FDI and imitation.

In this paper, I present a framework for the comparative analysis of the national/regional dynamics of accumulation, technical change and employment from a (here, only sectorally) disaggregated point of view. It focuses on the characteristics of "dynamic variety" and is oriented to empirical...

This paper investigates the decision problem of an incumbent firm confronted by both a weak and a strong entrant in a differentiated market. Suppose that the incumbent can deter entry of the weak firm, but cannot deter entry of the strong firm by itself. Then the incumbent may allow entry of the...

This paper presents the result of experiments for finding some insight into an effect of the new bidding system in Japanese public construction works procurement on bidders' collusion, which is called 'dango'. We focused on an effect of the entry of an outsider who is not a dango member. The...

Recent growth in fringe benefits is attributable to increases in both legally required and voluntarily provided benefits. Therefore, predictions based upon the conventional firm-level analysis, in which non-wage payments are assumed to be entirely exogenous, should be reexamined.