There are a lot of goods which have network externalities. While the number of players who have such a good is small, they may not get enough utility from the goods. That is, players have an incentive to delay their decision, when they purchase the goods with network externalities. Delay causes...

This article examines the contribution to profit from research and development (R&D) using industry-level accounting panel data for eight industries in Japan from 1986 to 2012. Problematically, simple least-squares regression estimation of production functions, where the authors specify sales or...

This paper examines the effect of public capital accumulation on private sectors' productivity in a general equilibrium model where a public capital, such as a transportation infrastructure, affects households' disutility of moving. The focus is on indirect channels through which it affects the...