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Regulating a Monopoly with Quality Choice under Asymmetric Information
Kidokoro, Y. - Institute of Social and Economic Research (ISER), Osaka … - 1998
Using a model where a monopoly chooses its commodity's quality as well as its quantity, we consider optimal regulation …
Persistent link: https://www.econbiz.de/10008602839
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Rate-of-Return Regulation, Price-Cap Regulation, and Quality
Kidokoro. Y. - Institute of Social and Economic Research (ISER), Osaka … - 1995
We build a simple model with quality, show that price-cap (PC) regulation causes distorsions in quality compared to … rate-of-return (ROR) regulation. We next consider methods to correct this distortion, and show the following results: (i …) PC regulation, in which the cap is made contingent on quality, can correct the quality distortion without distorting cost …
Persistent link: https://www.econbiz.de/10008602895
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Rate of Return Regulation and the Valuation Basis of Rate Base: the AJ Effect, the Intertemporal Rate Base Effect, and the Book-Valuation Effect
Kidokoro, Y. - Institute of Social and Economic Research (ISER), Osaka … - 1996
We analyse the rate of return (ROR) regulation that is based on the book value of firm's assts, show how the result of … it differ from that predicted from the normal Averch-Johnson (AJ) effect, and compare the book-based ROR regulation with … the market-based ROR regulation. …
Persistent link: https://www.econbiz.de/10008602909
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Regulating a Monopoly with Quality Choice under Asymmetric Information
Kidokoro, Y. - Institute of Social and Economic Research (ISER), Osaka … - 1998
Using a model where a monopoly chooses its commodity's quality as well as its quantity, we consider optimal regulation …
Persistent link: https://www.econbiz.de/10005639233
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Rate of Return Regulation and the Valuation Basis of Rate Base: the AJ Effect, the Intertemporal Rate Base Effect, and the Book-Valuation Effect
Kidokoro, Y. - Institute of Social and Economic Research (ISER), Osaka … - 1996
We analyse the rate of return (ROR) regulation that is based on the book value of firm's assts, show how the result of … it differ from that predicted from the normal Averch-Johnson (AJ) effect, and compare the book-based ROR regulation with … the market-based ROR regulation. …
Persistent link: https://www.econbiz.de/10005670095
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Rate-of-Return Regulation, Price-Cap Regulation, and Quality
Kidokoro. Y. - Institute of Social and Economic Research (ISER), Osaka … - 1995
We build a simple model with quality, show that price-cap (PC) regulation causes distorsions in quality compared to … rate-of-return (ROR) regulation. We next consider methods to correct this distortion, and show the following results: (i …) PC regulation, in which the cap is made contingent on quality, can correct the quality distortion without distorting cost …
Persistent link: https://www.econbiz.de/10005670097
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Simultaneous Choice of Current Housing Tenure Choice and Anticipated Co-Residence with Children in Japan.
Seko, M - Institute of Social and Economic Research (ISER), Osaka … - 1996
This analysis presents a joint logit probability model in which, for the first time, the household's current housing tenure choice and expected co-residence with its children are hypothesized to be simultaneously determined. Empirical analysis indicates that there is a positive correlation...
Persistent link: https://www.econbiz.de/10008602836
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The Effects of Demographics on the Japanese Housing Market.
Ohtake, F.; Shintani, M. - Institute of Social and Economic Research (ISER), Osaka … - 1995
Persistent link: https://www.econbiz.de/10008602847
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Uncertainty and Investment : Some Evidence from the Panel Data of Japanese Manufacturing Firms.
Ogawa, K; Suzuki, K - Institute of Social and Economic Research (ISER), Osaka … - 1997
We analyse empirically the effect of uncertainty on fixed investment by estimating an accelerator-type investment function based on a panel data set of the Hapanese manufacturing firms. The uncertainty measure, represented by the conditional standard deviation of the sales ghrowth rate, is...
Persistent link: https://www.econbiz.de/10008602861
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Education, Training and Labour Market Structure : Italy and Japan in Comparative Perspective.
Brunello, G; Ishikawa, T - Institute of Social and Economic Research (ISER), Osaka … - 1996
This paper compares the Italian and the Japanese education systems and looks at the interaction between these systems and labour market outcomes. We model the Japanese labour market, characterised by the limited labour turnover and by the emphasis on hiring straight from school, and the Italian...
Persistent link: https://www.econbiz.de/10008602864