Publicly announced GHG mitigation targets and emissions pricing strategies by individual governments may suffer from inherent commitment problems. When emission prices are perceived as short-lived, socially cost-effective upfront investment in climate technologies may be hampered. This paper...

This paper explains the effects of the Japanese recession and the accelerated pace of globalisation and technological diffusion on the rationalisation of what were previously held up as the mainstays of Japanese management. These are the key questions: What caused the failure of the superior...