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This paper considers likelihood-based testing of the null hypothesis of m0 components against the alternative of m0+1 components in a finite mixture model. The number of components is an important parameter in the applications of finite mixture models. Still, testing the number of components has...
Persistent link: https://www.econbiz.de/10010614041
Persistent link: https://www.econbiz.de/10009666601
How much do tax credits affect firms' R&D activities? What are the mechanisms? Few empirical studies directly examine the effect of tax credit policies on firms' R&D investments and the importance of financial constraints on the policy effects on R&D. This paper examines the effect of the...
Persistent link: https://www.econbiz.de/10009369045
Since its enactment in 1974 until its easing in the 1990s, the Large-Scale Retail Store Law (<i>Daikibo Kouri Tenpo Ho</i>) strictly regulated the entry of large-scale retailers in cities in Japan to protect local small and medium incumbent stores. This paper investigates the effect of large-scale...
Persistent link: https://www.econbiz.de/10011015309
We study Nash implementation by natural price-quantity mechanisms in pure exchange economies with free-disposal (Saijo et al., 1996, 1999) where agents have weak/strong intrinsic preferences for honesty (Dutta and Sen, 2012). Firstly, the Walrasian rule is shown to be non-implementable where all...
Persistent link: https://www.econbiz.de/10010934350
The primary objective of this paper is to examine how and to what extent changes in income tax rates and income tax deductions affect income inequality from longitudinal perspectives, by using microdata from Japanese individuals and households. The findings of this paper could shed light on the...
Persistent link: https://www.econbiz.de/10010942066
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the implications of weaker versions of these two rationality conditions in the context of solutions to nonconvex bargaining problems. It is shown that, together with the standard...
Persistent link: https://www.econbiz.de/10011014394
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この論文では,日本を代表する大手自動車販売会社の人事および製品取引データを用いて,...
Persistent link: https://www.econbiz.de/10011014396
本論文の前段では,この四半世紀の設備投資研究の展開を理論・実証の両面から振り返った.この間の成果に注目すれば,凸型(二次)の調整費用関数を前提とし,線形の投資関数を導く「q...
Persistent link: https://www.econbiz.de/10011014397