This paper examines both theoretically and empirically the effects of the acquisition of mines by firms in resource-importing countries on resource prices. In the theoretical part, we consider a simple two-period model. We demonstrate that the acquisition of mines may increase either present or...

This study replicates a model of Aghion et al. ("Competition and Innovation: An inverted-u relationship," <i>Quarterly Journal of Economics</i> 2005; 120(2):701-728), which suggests that an inverted-U relationship exists between competition and innovation. We apply patent data and a competition measure...

The future of both the automobile and the transportation industries has been of significant interest to many people. In this study, we investigate the economic validity of the diffusion of fuel cell vehicles (FCVs) and all-electric vehicles (EVs), comparing the benefit and cost for diffusion of...

Employing an experimental approach, this paper examines whether the efficiency of fishery management can be achieved under Individual Transferable Quotas regimes. We analyze the situation in which subjects can choose from one of two vessel types: large-scale or small-scale. The fixed cost for...

Japan's fishery harvest peaked in the late 1980s. Providing individually specific catch shares of the Total Allowable Catch (TAC) to each fisherman is the key to avoid the race for fish. Thus, in moving the idea into practice with the actual implementation of catch shares, it is curial to...

Literature on trade liberalization, economic development, and the environment is largely inconclusive about the environmental consequences of trade. This study treats trade and income as endogenous and estimates the overall impact of trade openness on environmental quality using the instrumental...

This paper examines how firm practices that could contribute to worker attainment of work-life balance (WLB) affect the total factor productivity (TFP) of a firm, by using panel data of Japanese firms from the 1990s. We observed a positive correlation between the WLB practices and TFP among...

We examine the impact of the strength of host countries' university research and university-industry collaboration on the propensity of Japanese multinational firms to conduct research and development (R&D) activities in these countries. We consider heterogeneous effects based on the type of R&D...

This paper investigates how the Asian Monetary Unit (AMU) Deviation Indicators for surveillance measurements among East Asian currencies are improved by changing their benchmark rates from the constant rates in 2000-2001 to time-varying rates based on their purchasing power parities (PPPs). The...

The standard approach to studying industrial agglomeration is to construct summary measures of the "degree of agglomeration" within each industry and to test for significant agglomeration with respect to some appropriate reference measures. But such summary measures often fail to distinguish...