This paper analyzes the determinants of regional variations in new firm formation by industry, using the data of 47 prefectures in Japan. The results of this paper reveal the following evidences: (1) market access is the factor that promotes new firm formation in all industries, though the...

This paper analyzes the determinants of regional variations in new firm formation by industry, using the data of 47 prefectures in Japan. The results of this paper reveal the following evidences: (1) market access is the factor that promotes new firm formation in all industries, though the...

We consider a two-stage location-price Hotelling model where the consumers can only buy from one direction, as presented by Kharbach (2009, Economics Bulletin). We show that the equilibrium outcome derived by Kharbach does not constitute a subgame perfect Nash equilibrium.

We studied how links are formed according to the distance in transaction network of 800,000 firms. We investigated the inter-firm transaction network of $800,000$ firms in Japan. They are almost all firms in Japan. As far as we know, scale-freeness, hierarchy, and degree-degree correlation were...

This paper investigates the effect of building energy codes on housings' real energy consumption. We argue that building codes should have a twofold effect: lower levels of energy consumption after its implementation and decreasing energy requirements over time, because tighter building codes...

This paper develops a theoretical model in which the matching framework à la Pissarides (2000) extended to the housing market is integrated with the hedonic price theory. Market tightness and selling price collectively determine the long-run equilibrium of the economic system in which a seller...

We study location equilibria for a symmetrical two-store duopoly selling differentiated products on the circle market. In contrast to the existing literature, we assume that each store sells a different product. We consider both complementarity among all varieties on the market and intra-firm...

We investigate a mixed duopoly market by introducing quality choice into the Hotelling-type spatial competition model with linear transportation costs. We show that there does not exist a subgame perfect Nash equilibrium (SPNE) of location choice in the three-stage game that is...

We tested for the presence of IT capital externalities, based on a translog cost function framework applied to 10 Japanese manufacturing industries for the years 1974 to 1993. This framework allows us to test whether investment in IT capital in other industries reduces costs in a given industry....

We study the credibility of predation to deter entry in the linear Cournot shipping model of spatial competition with strategic location choice, both on the linear and circular markets. For a high enough discount factor, the monopoly is preserved, but the credibility of predatory conduct is...