Recently competition policy has become an important trade policy issue, since many policy makers now see competition policy as an important instrument to secure market access' to foreign markets. This paper analyzes this issue both from a theoretical point of view and from the review of the...

Universal Basic Income is founded on the concept that a form of non-taxable income should be provided to all citizens regardless of their existing income or employment status. The argument for funding such a program lies in the increase of modern technology and artificial intelligence, which...

The increase in inequality after the 1960s was due to substitution of capital and of skilled labor for unskilled labor induced by rise in the relative cost of unskilled labor resulting from wartime demand, wartime and postwar egalitarian wage polices, the fall in real interest rates and in the...

We have assessed the determinants of the choice of integration, relational contracting (keiretsu sourcing) and market sourcing by seven Japanese automobile manufacturers (OEMs) with respect to 54 components in light of contract economics. Our major findings are the following. First, the...