Extending the existing models of land and labor contracts, this study attempts to build a general model of long-term agrarian contracts. The model implies that, where tenancy is an available option, the fixed-wage permanent labor contract will not b e chosen. If it is chosen under institutional...

This paper reviews the recent problems of the opening of Japan's rice market and evaluates the Japanese government's rice policy from both an economic and political viewpoint. The Japanese government made strenuous resistance to the opening of Japan's rice market during the negotiations on...

The collection and reporting of information bearing upon decision making in both the public and private sectors are considered to be important functions of government. In this study, we attempt to develop a theoretical framework for estimating the social returns to government expenditures on...