Anyone studying the eighteenth-century probate inventories of Bristol soon notices that the largest occupation group was mariner. However, as an occupation, mariner is exceedingly difficult to define and understand. The purpose of this paper is to reveal what the job of a mariner was by...

Divergent interests of bank managers and financial regulators potentially compromise the efficacy of bank rescue operations. This paper analyses an agency problem encountered in a capital injection program implemented in Japan. We hypothesize that the operationfs requirement to downsize lead...

This paperfs main purpose is to introduce a new concept of the marketfs commodity-information structure (a partition of the set of real goods that are treated as one commodity for market ex- changes) on which we base our ordinary static general equilibrium arguments and settings to analyze...

About the phenomenon of overseas M&A made by emerging market firms, research on the management of post- M&A phase is still limited. To address this problem, in this study, we examined a serial successful overseas M&A cases made by Lenovo, including their background and the resource allocation in...

This paper investigates how farmersf risk attitudes affected the adoption of agricultural technology in a rural area in Cambodia. We incorporated prospect theory to farmersf utility function and examined the effect of the risk attitude of farmers to the adoption of two technologies: adoption of...

This paper presents an overlapping-generation model featuring probabilistic vot- ing over two policy issues, namely, pension and public goods. To capture the forward-looking behavior of voters, we characterize a Markov-perfect political equi- librium in which the two policy variables are...

Many studies have observed the leading indicator property of the term spread (LIPTS), which indicates that the term spread\the difference between long- and short-term interest rates\has information on future economic conditions. We examine whether this property is related to monetary policy or...

Although much research has been conducted on employeesf extra-role behaviors (ERBs), the topic of how newcomers to an organization engage in ERBs remains relatively underexplored. Following social cognitive theory, we develop a dynamic model of newcomersf helping and voice as two types of ERBs....

We experimentally investigate the existence of and possible origin of the disposition effect. Our approach has three distinct characteristics: Firstly, we created an experimental environment that closely mimics a real stock market and were thus able to obtain and analyze trading behavior data...

This paper investigates the influence of weather on happiness. While previous studies have examined climatic influence by comparing the well-being of people living in different regions, this paper focuses on how daily changes in weather affect individuals living in a single location. Our data...