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71.
Shinsuke Nakamura 《Review of Economic Design》1998,3(2):159-165
In this note, we prove two impossibility results of Nash implementation in two-person economies. First, we will show the
non-existence of continuous and balanced mechanisms which implement the Walrasian correspondence. Second, by adding a convexity
assumption of mechanisms, we present the impossibility of continuous implementation of Pareto optimal and individually rational
allocations in balanced way.
Received: 16 April 1996 / Accepted: 25 April 1997 相似文献
72.
Tamotsu Nakamura 《Review of Political Economy》2013,25(1):115-134
This paper reformulates Kalecki's investment models based on 'the principle of increasing risk'. First, it is shown that in his model risk can be interpreted as a conditional probability of bankruptcy of a firm, or the 'hazard rate' in reliability theory. Secondly, a simple static Kaleckian investment model is developed based on this interpretation. In the model, a slightly modified Kaleckian optimality condition for investment holds. It is also shown that, as Kalecki correctly pointed out, the principle of falling marginal efficiency of capital (or investment) is not required to obtain a finite level of investment. Finally, I consider sequential investment in an intertemporal model. In this model, a modified version of the Kaleckian optimality condition determines investment. In addition, as Kalecki emphasized, his increasing risk limits the level of investment even without increasing and convex adjustment costs associated with investment, by which the finite rate of investment is derived in the macroeconomics literature. 相似文献
73.
74.
This paper employs a web-based conjoint-type questionnaire to examine empirically user preference for a hypothetical Subscriber Identity Module (SIM) unlock situation in Japan’s mobile phone market. This paper also analyzes carriers’ other marketing strategies to lock in consumers. The empirical analysis in this study reveals the following: over 80% of survey respondents evaluate a highly compatible platform with the SIM unlocked. Approximately 70% of consumers find that the value of discounts on initial payments exceeds the discounts on one-year monthly payments. In addition, conditions set by continuing agreements for mobile carriers and mobile handsets reduce consumer benefit by 35% at the median in the case of SIM unlocking with compatible platforms. 相似文献
75.
Richard B. Freeman Alice O. Nakamura Leonard I. Nakamura Marc Prud’homme Amanda Pyman 《The Canadian journal of economics》2011,44(2):486-508
Abstract Technology effects, business process development, and productivity growth are considered in the context of a single company: Wal‐Mart. The starting point is the 2001 McKinsey Global Institute report, which finds that over 1995–2000, a quarter of U.S. productivity growth is attributable to the retail industry, and almost a sixth of that is attributable to Wal‐Mart. Wal‐Mart is interesting as well because of its rapid growth in Canada. This is now Canada's largest private sector employer. We also consider other evidence relevant to public policy formation concerning Wal‐Mart and conclude with a discussion of options for partially filling important data gaps. 相似文献
76.
W. Erwin Diewert Takanobu Nakajima Alice Nakamura Emi Nakamura Masao Nakamura 《The Canadian journal of economics》2011,44(2):451-485
Abstract There is policy interest in factoring productivity growth into technical progress and returns to scale components. Our approach uses exact index number methods to reduce the parameters that must be estimated, and allows us to exploit the cross‐sectional dimension of plant‐level panel data. We show that the same equation can also be used to estimate ‘Harberger’ scale economies and technical progress indicators that require fewer assumptions. Estimates of the elasticity of scale for Japanese establishments in three major industries over 1964–88 are presented. Our study spans the high growth era of the 1960s, two oil shocks, and other exogenous shocks. 相似文献
77.
78.
This study uses contingent valuation to measure Japanese customers' willingness-to-pay to maintain combinations of five telecommunication services that are considered substitutes if universal service is defined on the basis of functionality. The analysis revealed the following results. First, consumers are more willing to pay to retain voice communication services than data transmission services. Second, customers accept Internet Protocol telephony as a substitute for plain old telephone service (POTS) as a universal service, and they are willing to pay much more than Japan's current Universal Service Fund charge. Third, even when mobile phone service (MOB) is available, consumers will pay to retain fixed-line voice services. Finally, consumers have an equal desire to keep fiber-to-the-home (FTTH) and fixed-line voice services, but it is less than the demand for MOB. Thus, under the present definition of POTS as a universal service, FTTH could be considered as a basic telecommunication service. 相似文献
79.
Even if the relatively rich and the poor are initially caught in a poverty trap, the relatively rich can escape poverty by receiving payments from the poor. Further accumulation of wealth by the rich allows the poor to escape poverty. 相似文献
80.
Adoption and policy implications of Japan’s new corporate governance practices after the reform 总被引:4,自引:4,他引:0
Masao Nakamura 《Asia Pacific Journal of Management》2011,28(1):187-213
In this paper we explain the process and policy implications of Japanese firms’ adoption of recently reformed corporate governance
practices. We use a selective adaptation framework in doing so. We present some qualitative predictions about the possible
outcome of their adoption process. One advantage of our approach is that we can describe various aspects of the evolutionary
process of Japan’s corporate governance reform as a system in a consistent manner, rather than as independent pieces. Our
predictions provide policy implications and are empirically testable. Japan’s post-bubble corporate governance reform has
been extensive and involves the enactment and revisions of many relevant laws and affected institutions. Japan’s aim has been
to install US-like practices (the de facto global standard), with these practices replacing the now tarnished bank-centered practices, and to facilitate Japanese industry
in regaining global competitiveness. However, we show that Japanese businesses’ adoption of US practices has been selective
and efficiency and other policy implications of such behavior are potentially dysfunctional. 相似文献