overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …

distorts incentives. I assume that employment contracts are incomplete. In the model cooperative members pay in a capital … function of output. If the median member has less than average ability, the cooperative will vote for a redistributive schedule …, cooperative members will be reluctant to leave, since this entails forfeiting the dividends on their capital contribution. The …

case of perfect competition, an outside owner achieves the first-best; a cooperative typically does not because the rent …'s preferences may not reflect average preferences. Second, in the case where the members of a cooperative have common preference …

, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

using data from both the United States and Japan. In both markets exposure to this factor is priced, and in the Japanese … in Japan display some evidence of negative correlation to domestic and foreign equity funds, suggesting that there is a … foreign vs. domestic sentiment factor in Japan that does not appear in the contemporaneous U.S. data. By contrast, U.S. mutual …

their endogenous technology mechanisms can amplify and propagate the wage markup fluctuations observed in Japan over the … output, consumption, investment, TFP and hours worked in Japan during the quot;lost decadequot;, specially up to 1998. During …

Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of …

proximate reason for the strong degree of worker attachment to the firm in Japan. The greater emphasis on training and …. Using productivity growth indexes for industries in the U.S. and in Japan we test the hypothesis that rapid technical change … to Japan than to the U.S …

during the period of Japan's bubble economy and subsequent stagnation. The yen experienced epic gyrations over that period … the price of oil. Since the mid-1990s, the yen's real exchange rate has generally followed a depreciating trend and Japan …

This paper finds that individuals in Japan do not leave very significant bequests, that parents often require a quid …