This paper analyzes the impacts of the 11 March 2011 earthquake and tsunami at the Fukushima nuclear power plant in Japan, which were amplified by a failure of coordination across the plant, corporate, industrial, and regulatory levels, resulting in a nuclear catastrophe, comparable in...

This volume collects 22 articles by Masahiko Aoki, selected from writings published over the course of his 45-year academic career. These fascinating essays cover a range of issues, including mechanism design, comparative governance, corporate governance, institutions and institutional change,...

This paper analyzes the causes, responses, and consequences of the Fukushima nuclear power plant accident (March 2011) by comparing these with Three Mile Island (March 1979) and Chernobyl (April 1986). We identify three generic modes of organizational coordination: modular, vertical, and...

The report's key finding is that new nuclear capacity in NEMS-RFF from 2015 to 2020 under the current levels of U.S. Department of Energy (DOE) loan guarantees is similar to the marginal increase in new capacity from lowering the nominal return-on-equity (ROE) in NEMS-RFF for new nuclear power...

Traditional cost contingency estimation relies heavily on expert judgment based on various cost-engineering standards. This paper compares project stages, accuracy ranges, and cost contingencies recommended by the Association for the Advancement of Cost Engineering International and the Electric...

Four firms dominate the international uranium enrichment market. Two reasons for this industrial concentration are (1) enrichment capacity can be used to make nuclear weapons, and hence its spread has been controlled through many mechanisms, including technology classification, and (2)...

This article proposes a simple framework for understanding diversity of linkages between corporate governance (CG) and organizational architecture (OA). It distinguishes discreet modes of their linkage by different combinatorial patterns between three basic assets: managers’ human assets...

This paper proposes an approach to the roles of social norm dealing with economic externalities. Traditionally social norms are treated by economists as external constraints or endogenous outcomes of repeated economic transactions. In contrast, this paper formulates a game of social exchanges...