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Honesty, diligence and skill : risk sharing and specialization in the Kiryu silk weaving cluster, Japan

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Contained crisis and socialized risk : unconventional monetary policy by the Bank of Japan in the 1890s

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From family security to the welfare state : path dependency of social security on the difference in legal origins

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Stabilize the peasant economy : governance of foreclosure by the shogunate

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Persistent mind : the effects of information provision on policy preferences

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Special Issue: Issues in Asia. Guest Editor: Laixun Zhao

Nakabayashi, Masaki - In: Review of Development Economics 18 (2014) 2, pp. 254-271

An intrinsic feature of a pre-modern society is in its fragmentary markets. Fragmentary markets are more likely to fail in the coordination of resource allocation. However, if a concentrated market is exogenously formed and the market could provide the only price to local markets, the market can...

Persistent link: https://www.econbiz.de/10010889777