This paper introduces some regression models for a categorical dependent variable with data from egocentric social networks as covariates to analyze the determinants of the outcome for the subject and those of the extent of agreement or disagreement between the outcomes for the subject and the...

This study investigates the regional economic recovery effects as well as the mitigation effect of CO₂ in monetary terms from installing mega solar and wind power generation systems in the Tohoku region, in particular, Iwate, Miyagi, and Fukushima prefectures which were substantially damaged...

We shed light on the current status of small- and medium-sized (SMS) firms in Japan by studying their distribution of labor productivity on the basis of exhaustive financial data on one million firms. In fact, the labor productivity shows significant variance in disagreement with the prediction...

Japanese firms, having to face global innovation competition and business reorganization targeting emerging markets in the world, are actively engaged in open innovation. In this paper, an interview survey conducted on nine large Japanese manufacturers provides the new trends in open and global...

Central to recent changes in corporate Japan is the dominance of hybrid firms which combine market-based principles and relational governance in different economic domains such as finance and organizational architectures (employment system). Since hybridization is opposed to the institutional...

We construct a monetary model of financial crises that can explain two characteristic features of the global financial crisis in 2008/2009, namely, the widespread freeze of asset transactions and a sharp contraction in aggregate output. We assume that the assets, such as real estate, work as...

We generalize Lagos and Wright's (2005) framework for a monetary economy in a way that there exist two technologies, "high" and "low," for producing the goods in a decentralized matching market. The high technology is more productive than the low technology, while the agents who use the high...

This paper constructs a model of financial crises that can explain characteristic features of the global financial crisis of 2008-2009, namely, the widespread freezing of asset transactions, the sharp contraction of aggregate output, and a deterioration in the labor wedge. This paper assumes...

We propose a simple model of financial crises, which may be useful for the unified analysis of macro and financial policies implemented during the 2008-2009 financial crisis. A financial crisis is modeled as the disappearance of inside money due to the lemon problem à la Akerlof (1970), in a...

In this paper, we analyze how the volume of rice imports would be affected if the Japanese government were to reduce tariffs on rice by looking at the current state of the Simultaneous Buy-and-Sell (SBS) system for rice imports. The Japanese government is required to import 770,000 tons of rice...