This paper examines the optimal entry policy toward oligopoly in a global economy. We show that free entry results in too much competition for the world, but each country's corrective tax policy, unless internationally coordinated, proves suboptimal because of international policy spillovers....

This paper examines the optimal entry policy towards oligopoly in an globalized world. In an open economy free entry is socially suboptimal, but corrective tax policy to curb entry proves insufficient unless internationally harmonized. Thus, while conferring the gains from trade, globalization...

Most countries especially the developing ones around the world are facing external as well as internal pressures to decentralize and are actually becoming part of the trend which if not universal is nonetheless the dominant trend. General causes include systemic forces like democratization and...

To overcome problems produced by globalization, some people see the solution in a World Government while others see it in an autarchic global market without any government intervention. Both solutions are rejected due to their major shortcomings. Two superior solutions are proposed: (1) A net of...

Political coalition formation games can describe the formation and dissolution of nations, as well as the creation of coalition governments, the establishment of political parties, and other similar phenomena. These games have been studied from a theoretical perspective, but the models have not...

This study examines the effects of central matching grants for the School Expense Assistance (SEA) in the midst of increasing child poverty in Japan. The 2005 reform replaced SEA grants with increases in general revenues through the system of Local Allocation Tax (LAT). By exploiting the facts...

This study considers the discretionary premium-setting behavior of municipalities in the Japanese system of long-term care insurance (LTCI). Although, the LTCI system is managed by the municipality, but the financial system is controlled by national health insurers, and the municipality seems to...

At the moment, very substantial reforms in the field of security are being undertaken in Japan. “The New National Defence Program Guidelines for 2005 and After”, as well as the “Midterm Defence Program Fiscal Year 2005-2009” both talk about a thorough restructuring of the Self Defence...