We examine two issues on duciary duty.First,what is the essential structure of duciary duty?Second,does duciary duty have elements of a mandatory rule? Concerning the rst question,the formation of a duciary relationship involves the di culty of writing a contract on the acts that the duciary has...

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In this paper, we conduct a cost-benefit analysis of the electronic stability control (ESC) in Japan. We first consider the current situation in which about 4.7% of all passenger vehicles were equipped with ESC in 2007. Based on our estimation, ESC saved 16 fatalities, 91 severe injuries, and...

Though the statistics of National Agency for the Advancement of Sports and Health show that the population of children and the students decreases, the number of school accidents tends to increase. Physical activities are inseparable from various dangers. The cases related to school accidents of...

日本経済は特殊な経済だとよく言われる。本当なのだろうか。本ペーパーは、日本経済は特殊ではない、普通だ、ということを示そうというものである。...

This is a study to develop and solve numerical models based on Itoh’s (2003, Ch. 1) “Parts Supply Problems” for better understanding the contract theory. In the first part of this paper, by following Itoh (2003) we investigate 2- and 3-agent type cases; in the succeeding part, by using...

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We quantified the impact of the decreased recreation demand caused by voluntary self-restraint following the Great East Japan Earthquake. We assumed an exogenous 10% reduction of the private consumption demand for three recreation industries experiencing decrease in demand due to...