This study examines changes in the domestic coal market, as well as in environmental loads, caused by the combustion of domestic coal during 'the energy revolution' in post-war Japan, by focusing on changes in three kinds of coal quality parameters: calorific value, ash content and sulphur...

Using the option pricing based model of the deposit insurance, for all the listed banks in Japan, we compute the actuarially fair insurance premium as well as the market value of assets and asset volatility implied by banks' stock prices. The findings based on these variables imply that banks...

In a strategic cooperative game, we consider four cores α, β, γ and the one we call δ which is essentially the same to conjectural cooperative equilibria due to Currarini and Marini [2]. We show that if every player has a dominant strategy, the β-core includes the γ-core, and therefore...

This paper investigates poverty traps with the Local Allocation Tax (LAT) grants in Japan. The LAT grants, which distributed to local governments by the central government, may be hesitated to make efforts for enhancing regional economic growth, due to the calculation of the LAT grants. We show...

This paper analyzes labor supply behaviour for Japanese married men and women taking account for their joint decision. The estimation results by simultaneous tobit implies that Japanese wives reduce their labor supply when husbands increase their labor supply while husbands do not change their...

This paper investigates how does the response of private consumption to government spending be changed by intratemporal substitution among private consumption, government spending and leisure. We show that the response of private consumption to government spending can be positive even if private...

This paper examines the effects of taxes on the timing of births and marriages in Japan using the "National Survey on Families" (Kazoku ni tsuite no Zenkoku Chousa). We estimate the average effect of the income tax deduction for dependents on the timing of births for those parents who are most...

Metzler functions arise in various kinds of system optimization problems such as the stable matching of two-sided markets and the α-cores of games with punishment-dominance relations. In this paper, we discuss the shortest-path problem as an application of the theory of Metzler functions. We...

Franchisors face a tradeoff between centralization of decision rights and decentralization of decision rights. Regarding the problem, we developed a causal model considering that the relationship between non-contractibility of assets and the allocation of decision rights is not constant, but is...

The Maschler-Owen value and the NTU Shapley value are two well-known ex- tensions of the TU Shapley value. In this paper, we compare a set of axioms that these values satisfy on the domain of games consisting of all monotonic hyperplane games and all monotonic prize games (Hart [1994]). The...