This paper views the modern world economy to be constructed with democratic countries that implement trade policies as an income distribution policy, World Trade Organization that intends to improve world welfare by prohibiting export subsidies but allowing import and export tariffs, and...

This paper analyses whether laissez faire is superior to tariff protection in the long-run, provided that the government of an importing country cannot precommit to an ex ante optimal tariff rate. We consider the cases of perfectly competitive foreign exporters and a monopolistic foreign...

This study mainly investigated two issues: firstly, the existence of a positive relationship between the accumulation of knowledge stocks in regional industries and their value addition, and secondly, the spillover effects of knowledge stocks from the central cities to the surrounding regions,...

This paper is an examination of the influence of an individual’s self-confidence (over- confidence or underconfidence) on others in the marriage market. We consider a model in which there are three types of men and women according to marital charm, and some men/women overestimate/underestimate...

We apply a model of an environmentally differentiated duopoly to the analysis of environmental policy in the form of a subsidy/tax on consumers based on emission levels of products. More specifically, we consider environmental and welfare effects of subsidizing consumers who purchase...

The purpose of this paper is to analyze the optimal export policy in a two-stage game in which a domestic and a foreign firm compete in price and R&D investment. Under international Bertrand duopoly, an export subsidy directly promotes excess price competition, as delineated by Eaton and...

This paper analyzes the choice of import tariffs and production subsidies to provide optimal protection of domestic industry in the presence of oligopolistic competition, provided that there is a difference in costs between domestic and foreign firms. We show that the choice of optimal...

This paper attempts to provide a framework for the formal analysis of the institution of voting in a corporation. I assume that there is a market for control, and examine whether corporate democracy is attained through voting by shareholders. It is shown that whether corporate democracy is...