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The object of this paper is to attempt an analysis of the process in which securities companies came to underwrite colonial securities and the place of them in the capital market in interwar Japan, focusing on the Chosen Railway bonds. The Chosen Railway, by issuing bonds, was able to pay back...

本稿の目的は，議会制度における拒否権が投票力分布に及ぼす効果をShapley-Shubik 指数（SS...

Monte Carlo evidence has made it clear that asymptotic tests based on generalized method of moments (GMM) estimation have disappointing size. The problem is exacerbated when the moment conditions are serially correlated. Several block bootstrap techniques have been proposed to correct the...

We show that the value of a zero-sum Bayesian game is a Lipschitz continuous function of the players' common prior belief, with respect to the total variation metric (that induces the topology of setwise convergence on beliefs). This is unlike the case of general Bayesian games, where lower...

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We consider smoothed version of the empirical distribution functions from the finite population and the asymptotic behavior of the statistical functionals defined on the class of smoothed empirical distribution functions. Main parts of our results correspond to those of Fernholz (1991, 1993) in...

In an exchange economy with a continuum of traders, we establish the equivalence theorem on the core and the set of competitive allocations without assuming monotonicity of traders' preferences. Under weak assumptions we provide two alternative core equivalence theorems. The first one is for...