This paper extends a family of well-known stability theorems for monotone economies to a significantly larger class of models. We provide a set of general conditions for existence, uniqueness and stability of stationary distributions when monotonicity holds. The conditions in our main result are...

In this paper we introduce a technique for perfect simulation from the stationary distribution of a standard model of industry dynamics. The method can be adapted to other, possibly non-monotone, regenerative processes found in industrial organization and other fields of economics. The algorithm...

This study investigates the effect of managerial discretion over their initial earnings forecasts on future performance. First, by estimating the discretionary portion of initial management earnings forecasts (defined as discretionary forecasts) based on the findings of fundamental analysis...

Our study examines changes in diets over the period 1993-2009. Diets have shifted away from cereals towards higher consumption of fruits, vegetables, oils and livestock products. Using household data, a food diversity index (FDI) is constructed, based on five food commodities. Significant price...

The present study examines whether agricultural extension improves household crop productivity, reduces poverty as well as vulnerability in rural Uganda drawing upon Uganda National Panel Survey data in 2009-10. We first estimate household crop productivity using stochastic frontier analysis...

I was in charge of the United Nations Conference on Trade and Development (UNCTAD) as a mission of the Ministry of Foreign Affairs of Japan in the second half of 1980's. At that time, the UNCTAD played a central role on economic problem of developing countries, particularly that of primary...

This paper reports two experiments involving an ultimatum game, conducted in Japan. There were two treatments in our experiments. One was called a cash session and the other was called a point session. The cash session means introducing cash into the ultimatum game. In other words, in a cash...

We construct a semi endogenous growth model with firm heterogeneity, endogenous international spillover, and international trade and investigate the effects of further exposure to trade on R&D difficulty and welfare. Further exposure has ambiguous effects on R&D difficulty, increases when the...

This study investigates whether mother's empowerment as measured by mother's relative (to father) bargaining power affects children's nutritional status using the National Family Health Survey (NFHS) and National Council of Applied Economic Research (NCAER) data spanning the period between 1992...

This paper explores the key causal factors behind agricultural supply response and farmers' market participation decisions in Cambodia. A stylized farm household model with market imperfections is considered and a two-step decision making process is outlined. Farmers decide, first, whether or...