profit margins and stable export sales when the valueof the yen fluctuates. We find that Japanese firms tend tostrike a … the extent of these changes byaltering their profit margins. For Japanese exporters producingindustrial machinery …

supply of motivated workers makes the non-profit form more attractive tomanagers. We show that if firms had to compete for … motivated workers then not-for-profit firms would becompeted out by for-profit firms. Therefore, in the choice between not-for-profit … and for-profit provision, otherthan incentive problems, the distribution of rents between management and workers, and …