This paper examines the link between crime and labor market opportunities in Japan. To examine the link, this paper estimates the crime supply function, introduced by Becker (1968), using Japanese Prefectural Panel data. The empirical results demonstrate that not whole labor market conditions...

This paper develops an overlapping generations model that incorporates two-sector (market and non-market) production, sexual difference, and fertility choice. Our model could explain the joint evolution of production structure, household time allocation, and fertility broadly observed in the...

We consider the relationship between a traditional competitive market and a competitive market with middlemen for trading indivisible commodities. We demonstrate that existence of many homogeneous middlemen leads to a change from the market with middlemen to the bilateral market.

In this paper, we consider a market of indivisible goods with middlemen as an assignment market. Initially, we show that the set of all imputations given by competitive equilibria of an assignment market with middlemen who trade a single unit of indivisible goods coincides with the core of the...