Showing 1 - 10 of 151
We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can … another equilibrium only if the degree of product differentiation is large. -- Airline ; airport ; privatization …
Persistent link: https://www.econbiz.de/10008655778
We investigate how port privatization affects port charges, firm profits, and welfare. Our model consists of an … international duopoly with two ports and two markets. When the unit transport cost is large, privatization of ports decreases the … to protect its domestic market. -- Port ; Privatization ; Port charge ; Oligopoly ; Strategic trade policy …
Persistent link: https://www.econbiz.de/10009728510
This note studies the allocation of heterogeneous commodities to agents whose private values for combinations of these commodities are monotonic by inclusion. This setting can accommodate the presence of complementarity and substitutability among the heterogeneous commodities. By using induction...
Persistent link: https://www.econbiz.de/10002718515
improves domestic social welfare, as it allows the public firm to lower its poaching price. In both cases, privatization is …
Persistent link: https://www.econbiz.de/10013272877
This paper examines empirically some of the reasons why Japanese manufacturing firms frequently fail to satisfy concavity conditions of the cost function. We focus on the “bubble period” in the 1980s when land was in great demand for reasons related to both production and speculation, and...
Persistent link: https://www.econbiz.de/10003757808
After the burst of the bubble economy, Japanese economy has been changed drastically. Traditionally, Japanese economy was characterized as a bank-centered economy, but the banking system did not function well in the 1990's. Responding to banking problems, the Japanese government initiated the...
Persistent link: https://www.econbiz.de/10003321259
largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire …
Persistent link: https://www.econbiz.de/10003321293
Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...
Persistent link: https://www.econbiz.de/10003321300
In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some … survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of … that this model is highly applicable in the case of Japan. -- Saving ; dissaving ; consumption ; aged ; elderly …
Persistent link: https://www.econbiz.de/10003339272
importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing … does not apply in Japan and that the presence of borrowing constraints is not the main reason why it does not apply … Hypothesis ; Euler Equation ; Households ; Japan …
Persistent link: https://www.econbiz.de/10003339290