An English version of this paper can be found at 'http://ssrn.com/abstract=2865717 ' http://ssrn.com/abstract=2865717 Japanese Abstract:...

This paper examines the institutional aspects of the Dojima rice exchange market. Especially, the role of governance mechanism was focused on. It is well known that the Dojima rice exchange market was established in 1730 in Osaka, and closed in 1869 due to the collapse of Tokugawa Shogunate. In...