本稿においては、Poterba (1987,...

The object of this paper is to attempt an analysis of the process in which securities companies came to underwrite colonial securities and the place of them in the capital market in interwar Japan, focusing on the Chosen Railway bonds. The Chosen Railway, by issuing bonds, was able to pay back...

We consider information transmission in the core of an exchange economy with incomplete information by non-cooperative bargaining theory. Reformulating the coalitional voting game by Serrano and Vohra [Information transmission in coalitional voting games, J. of Economic Theory (2007), 117-137]...

This paper considers the estimation problem of structural models for which empirical restrictions are characterized by a fixed point constraint, such as structural dynamic discrete choice models or models of dynamic games. We analyze the conditions under which the nested pseudo-likelihood (NPL)...

Einy et al (2002) showed that information advantage of a firm is rewarded in any equilibrium of an incomplete information Cournot oligopoly, provided the inverse demand function is differentiable and monotonically decreasing, and costs are affine. We extend this result in two directions. We show...

This paper examines rapidly increasing bilateral intra-industry trade (IIT) in the automobile industry form 1990 to 2007, and we analyze the determinants of the trade patterns of vertical and horizontal.We investigate the determinants of IIT, emphasizing between height technology and low...

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Monte Carlo evidence has made it clear that asymptotic tests based on generalized method of moments (GMM) estimation have disappointing size. The problem is exacerbated when the moment conditions are serially correlated. Several block bootstrap techniques have been proposed to correct the...