In this paper, we examine the diversity of transaction patterns observed between a single pair of one automaker and one auto parts supplier in Japan. Assumed reasonably that the factor of relational skill is under control in such dyadic transaction relationship, other factors that may influence...

Broadband technology makes it possible to target moving pictures of advertising at the individual subscriber level. This research develops a media planning system for one-to-one advertising based on market mechanism, such that it is fair and best to all advertisers. The proposed system, in...

We re-examine some statistical aspects of the task force report by Canadian Institute of Actuaries on the segregated fund investment guarantees. We argue that there can be non-trivial statistical problems involved for the equity-linked life insurances and investigate the statsitical properties...

Basic as it has become to studies of the Japanese economy, the concept of the "Keiretsu" is sheer fiction -- a creature of the academic imagination with no basis in real economic behavior. Almost all scholars writing on the subject use the categorization found in the annual Keiretsu no kenkyu...

Using per capita GDP for all the counties and cities for the year 1997, China's regional inequalities are decomposed into their intra-provincial/regional, inter-provincial/regional components. Regardless of the attributes used, inter-provincial/regional inequalities are by no means the dominant...

Using Baumal's theoretical approach, where corruption is regarded as an unavoidable result of the rent-seeking activities spurred by some form of government intervention interfering with the market mechanism, the nature of corruption in the Chinese economy is explored systematically. Indigenous...

This paper aims to analyze personnel management of Mitsui Bank, which was one of the largest banks in prewar Japan, from 1897 to 1943. Around 1900 it began to hire only new school leavers, although it hired many people in mid-career in the 19th century. As a result vacant positions came to be...

In this paper we identify networks among banks in pre-war Japan based on director interlocking data, and explore their implications. It was found that nearly 60% of banks had interlocking ties with at least one other bank. The large regional banks tended to have many interlocking ties. One of...

This paper examines the drawing up process as well as implementation of the priority production policy in late 1940's, focusing on the aspect of material allocation and production. As is well-known, the priority production was extremely inward-oriented policy. However, at the starting point, the...

We examine whether the value anomaly in the Japanese equity market can be explained by market overreactions. Using I/B/E/S market consensus data on earning forecasts, we capture market overreactions by measuring earning surprises. The typical story is that the market tends to be overly...