This paper studies a long-run relationship between the labor force participation rate and the unemployment rate in Japan. By using cointegration analysis, we demonstrate that there exists a long-run relationship between the two variables for male workers but not for female workers. Furthermore,...

We present a theoretical framework for investigating the effect of the Japanese government-regulated medical fee schedule, 'Shinryo-Houshu-Seido,' on the behavior of medical providers. We also discuss the optimal rule of this fee schedule for the regulator, taking into account information...

The problems of controlling invasive species have been emerging as a global issue. In response to these threats, some governmental programs have been proposed for supporting eradication. This article challenges this view by studying the optimal strategies of controlling invasive species in a...

The terminology of renewable resource management becomes to span not only prototype harvesting problems but also various new types such as invasive species one. In all of these problems, process uncertainty of stock growth associated with environmental variability is one of the critical factors...

Public debt stabilization has been considered important in the recent trend of institutional reforms of monetary arrangements in emerging economies. One crucial issue separating emerging from developed economies is that emerging economies often face serious inefficiency associated with tax...

The management programs for invasive species have been proposed in many regions. The resulting outcome on success or failure seems to be significantly affected by the degrees of multiple uncertainties, such as growth uncertainty and measurement error, associated with management practices. This...

This study examines how the adoption of inflation-targeting influenced exchange rate pass-through and volatility in four Asian countries (Indonesia, Korea, the Philippines, and Thailand) over the sample period of January 1990 to June 2007. We find that reforming policy by adopting inflation...

By incorporating the concept of intrinsic motivation of physicians into a theoretical framework, this paper examines the possible existence of multiple equilibria in which hospitals differ only in terms of the work attitude of physicians, who are homogenous in all other aspects, including...

This paper develops a theoretical model of voluntary contributions to a public good in a large economy where the impact of each individual's contribution on the total provision is negligible, and people's preference consists of extrinsic and intrinsic payoffs. Of particular interest is moral...

There has been an on-going debate on whether dollarization helps stabilize exchange rates for emerging economies. This paper discusses this issue in a highly dollarized country, Cambodia, by empirically examining the relationship between dollarization and exchange rate movements. The GARCH...