We provide a theoretical framework to discuss the relation between market size and vertical structure in the railway industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail infrastructure firm. The operation of the downstream...

Introduction -- An Analysis of the Effect of Demand Response on Electricity Consumption: Assessing Households’ Heterogeneous Reaction to Dynamic Pricing -- Estimation of Tap Water Demand in Japan: A Panel Data Analysis -- Economies of Scale and Consolidation Effects in the Japanese Sewerage...

Inefficient use of public money is a policy issue of concern in Japan. Some contend that spending towards the formation of public capital does not promote economic growth, one reason being that such investment is concentrated in underdeveloped regions which have a low impact on the growth of...

This paper deals with three issues related to the privatization of Japan National Railway: the performance of each Japan Railway (JR) since privatization, the state of local rail service since the privatization and the handling of JNR's long-term debts. First, after a summary of what happened...