In the pre-industrial era, there was a positive association between income and fertility across households within societies, but in the modern era, a clear association does not seem to exist, neither positive nor negative. Why the income-fertility relationship within societies changed over time...

This study examines the expectational stability of the rational expectations equilibria (REE) under alternative Taylor rules when trend inflation is non-zero. We find that when trend inflation is high, the REE is likely to be expectationally unstable. This result holds true regardless of the...

In this paper, we derive asymptotic theorems for the Petrin (2002) extension of the Berry, Levinsohn, and Pakes (BLP, 1995) framework to estimate demand-supply models with micro moments. The micro moments contain the information relating the consumer demographics to the characteristics of the...

We investigate how environmental and trade policies affect the transfer of environmental technology in a two-country model with global pollution. By comparing free trade and tariff policy without commitment, the following results are obtained. First, the existence of an environmental policy in a...

We investigated attributes of tourists in Oz National Park, their schedules, experiences of utilization of professional guidance, and preferences for the tour with professional guidance by conducting in-person survey in order to promote effectively. We suggest that it is prerequisite for...

We conduct the online survey of choice experiments (CE) to investigate whether people are truly able to evaluate the number of rare/familiar species around Japanese forest ecosystem, whether and how preference heterogeneity is caused. Profile attributes of CE are consisted with rare/familiar...

We examine the benefit transfer of air quality improvement using latent class model (LCM) in China. We conduct Contingent rankings (CR) to estimate the implicit price of reducing health risk related to the air pollution of power plants. CR results are analyzed using random parameter logit model...

We propose a two-country growth model of intermediate businessservices trade that captures the role of time zone differences. It is shown that a time-saving improvement in intermediate businessservices trade involving production in different time zones can have a permanent impact on productivity.