By using data on more than 38,000 log auction transactions from market in Shizuoka Prefecture, Japan, we estimate whether there is a price premium for certification of sustainable forest management. We found a positive and significant effect of certification for logs, especially in the smaller...

Under asymmetric information conditions regarding worker productivity between current and prospective employers, a worker's promotion signals his/her productivity. In this Paper, we tested the signalling role of promotion, using Japanese micro-level data. We found that among lower-level...