We project the future trends of the japanese saving rates with special emphasis on an analysis of the consumption and saving behavior of the household sector. Notable feature of our modeling is that savings are divided into financial and real savings components. This approach is useful since the...

Succeeding Dutta, Sen and Vohra (1995) and Saijo, Tatamitani and Yamato (1997), we define two types of natural mechanisms quantity and price-quantity types, in convex production economies, and characterize the class of Pareto subsolutions doubly implementable in Nash and strong Nash equilibria...

In this paper, we conduct a U.S.- Japan comparison of the importance of retirement saving and of the determinants thereof using micro data from the "U.S.- Japan Comparison Survey of Saving," a binational household survey conducted in 1996 by the Institute for Posts and Telecommunications Policy...

This paper considers an incumbent firm that is faced with a potential entrant in a vertically differentiated market. It demonstrates than an incumbent firm cannot prevent entry through product proliferation because of a commitment problem.

Using a small country model with habit-forming consumers and costly investment, we analyze equilibrium dynamics of the economy and derive empirical and welfare implications. The model can mimic some stylized facts: (i) a temporary increase in fiscal spending always deteriorates the current...

Succeeding Dutta, Sen and Vohra (1995) and Saijo, Tatamitani and Yamato (1995), we define several conditions of natural mechanisms in production economies, and proposed two types of natural mechanisms, that is, the quantity and price-quantity types.

In this paper, we analyse the saving behavior of the aged in Japan using household-level data from a 1992 survey conducted by the Ministry of Posts and Telecommunications.