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This paper investigates the efficiency of the Japanese distribution system, measured by the distribution margin. Most of the discussions on the Japanese distribution system have so far relied on institutional descriptions and anecdotal evidence, failing to substantiate the case. The present...
Persistent link: https://www.econbiz.de/10012475729
Standard theories of corporate ownership assume that because markets are efficient, insiders ultimately bear agency costs and therefore have a strong incentive to minimize conflicts of interest with outside investors. We show that if equity is overvalued, however, mispricing offsets agency costs...
Persistent link: https://www.econbiz.de/10012462742
Preface -- Chapter 1. A Preliminary Introduction -- Chapter 2. Puzzles of the Monetary Regime in Premodern China -- Chapter 3. The Divergence between China and Japan -- Chapter 4. The Worst Currency or The Best Arrangement? -- Chapter 5. An Epilogue -- Index.
Persistent link: https://www.econbiz.de/10013163621
Introduction: Takahashi Korekiyo, the Man Who Brought Japan Out of the Great Depression -- Japan’s Plunge into and Emergence from the Great Depression -- Policy Innovation in the Great Depression -- Sustainability of Public Debt under Stress -- Origins of the Economic Ideas of Takahashi...
Persistent link: https://www.econbiz.de/10012627323
Chapter 1 Reinsurance in America Regulatory Regimes and Markets -- Chapter 2 Dutch reinsurance and the first wave of globalization -- Chapter 3 Swedish Reinsurers in the Non-Life Sector -- Chapter 4 The ups and downs of French reinsurance in the 20th century -- Chapter 5 The ups and downs of...
Persistent link: https://www.econbiz.de/10012615773
In this paper we calculate and analyze the automobile industries cost and productivity experience during the 1970 's in Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of short-run disequilibrium in this industry-variations'...
Persistent link: https://www.econbiz.de/10012477344
business, government, trade associations, and educational institutions all have valuable roles to play in establishing a …
Persistent link: https://www.econbiz.de/10012396803
This book analyzes the various problems of growth, trade and public policy from the perspective of applied economics …, based on research in areas such as public policies, trade and regulation, and development economics. Part 1 investigates the … broad problems of growth and regional economy, focusing on economic developments in Japan and Korea. Part 2 discusses trade …
Persistent link: https://www.econbiz.de/10012396985
1 Introduction -- 2 Commercial Intermediaries in the Nagasaki Trade -- 3 The Mechanism and Functions of the Shinpai … Underside of the Junks Trade: Maritime Smuggling and Urban Trafficking -- 6 The Copper Trade of Qing China’s Official Merchants … -- 8 Internal Organization of Chinese Trading Groups in Relation to the Qing Authorities -- 9 Trade Under Pre …
Persistent link: https://www.econbiz.de/10012398657
MITI's interpretation of the economy's changing needs. Covering such topics as the oil shocks, trade conflict with the …
Persistent link: https://www.econbiz.de/10012399400