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Irreversibilities and the optimal timing of environmental policy under Knightian uncertainty
Asano, Takao - 2005
In this paper, we consider a problem in environmental policy design by applying optimal stopping rules. The purpose of this paper is to analyze the optimal timings at which the government should adopt environmental policies to deal with increases in greenhouse gas concentrations and to reduce...
Persistent link: https://www.econbiz.de/10010332424
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Time Discounting, Ambiguity Aversion, and Preferences for Future Environmental Policies : Evidence from Discrete Choice Experiments
Hirata, Kenjiro - 2017
Designing efficient environmental policies requires knowledge about households' preference parameters for their intertemporal decisions. By conducting an original Internet-based survey using Japanese participants (n=2,906) and a follow-up survey (n=1,407), we examine how people evaluate...
Persistent link: https://www.econbiz.de/10012946352
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Environmental Regulation and Technology Transfers
Asano, Takao; Matsushima, Noriaki - 2012
This paper analyzes the situation in which a national government introduces environmental regulations. Within the framework of an international duopoly with environmental regulations, this paper shows that an environmental tax imposed by the government in the home country can induce a foreign...
Persistent link: https://www.econbiz.de/10014162524
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Optimal emission tax with endogenous location choice of duopolistic firms
Ikefuji, Masako; Itaya, Jun-ichi; Okamura, Makoto - 2009
This paper explores optimal environmental tax policy under which duopoly firms strategically choose the location of their plants in a simple three-stage game. We examine how the relationship between the optimal emission tax and the choice of location of duopoly firms affects the welfare of the...
Persistent link: https://www.econbiz.de/10010332397
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Time discounting, ambiguity aversion, and preferences for future environmental policies: Evidence from discrete choice experiments
Hirata, Kenjiro; Ikeda, Shinsuke; Ikefuji, Masako; … - 2017
Designing efficient environmental policies requires knowledge about households' preference parameters for their intertemporal decisions. By conducting an original Internet-based survey using Japanese participants (n=2,906) and a follow-up survey (n=1,407), we examine how people evaluate...
Persistent link: https://www.econbiz.de/10012013625
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The hidden curriculum and social preferences
Ito, Takahiro; Kubota, Kohei; Ohtake, Fumio - 2015
This paper examines the effects of school curricula on subsequent preference formation. The estimation results, using Japanese data, show that the actual curriculum at public elementary schools varies widely from area to area and is associated with preference formation. Specifically, pupils who...
Persistent link: https://www.econbiz.de/10011421459
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Relative income position and happiness: Are cabinet supporters different from others in Japan?
Yamamura, Eiji; Tsutsui, Yoshiro; Ohtake, Fumio - 2015
During the period of 2001-2006, the Liberal Democratic Party (LDP) adopted a market-oriented policy under the Koizumi cabinet. In 2006, following the formation of the first Abe cabinet, the LDP returned to a traditional redistributive policy. We assume that the supporters of the Koizumi cabinet...
Persistent link: https://www.econbiz.de/10011421464
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Is university sports an advertisement in the higher education market? An analysis of the Hakone long-distance relay road race in Japan
Yamamura, Eiji - 2015
's sporting event in Japan. The event is held immediately prior to the university application period in Japan. Using Japanese …
Persistent link: https://www.econbiz.de/10011421473
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Explaining foreign holdings of Asia's debt securities: The Feldstein-Horioka paradox revisited
Horioka, Charles Yuji; Terada-Hagiwara, Akiko; Nomoto, … - 2015
the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher riskadjusted returns, whereas …
Persistent link: https://www.econbiz.de/10011421476
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IS imbalances and current account surpluses in Japan: In memory of Professor Ronald I. McKinnon
Horioka, Charles Yuji - 2015
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …
Persistent link: https://www.econbiz.de/10011421478