Applied Approaches to Societal Institutions and Economics: Essays in Honor of Moriki Hosoe (New Frontiers in Regional Science: Asian Perspectives (18))

Annotation This book gives readers the theoretical and empirical methods to analyze applied economics. They are institutional economics, information economics, environmental economics, international economics, financial economics, industrial organization, public economics, law and economics, and spatial economics. Because the chapters of this book deal with current topics in these categories, they are relevant not only to researchers and graduate students but also to policy makers and entrepreneurs. As there is uncertainty about the global economy, it is necessary to consider optimal, efficient behavior to survive in the confused world. The book is organized in three parts. Part 1 deals with institutional economics, information economics, and related topics, approached through game theory. Part 2 focuses on environmental economics, international economics, and financial economics, through a microeconomic or econometric approach. Finally, Part 3 concentrates on public economics, social security, and related fields, through microeconomics or macroeconomics Front Matter ....Pages i-xii Front Matter ....Pages 1-1 Intrinsic Motivation and Dynamic Agency Contract (Isao Miura, Keiki Kumagae)....Pages 3-21 Impact of Lower Interest Rate Ceilings on the Lending Market (Haruhiko Tsuzuki, Yusuke Miyoshi)....Pages 23-39 Ownership Structure, Tax Regime, and Dividend Smoothing (Shinya Shinozaki, Konari Uchida)....Pages 41-55 Economic Evaluation of Japanese Attorney Fees (Yasuhiro Ikeda)....Pages 57-69 Fixed Payments in Production Contracts for Private Labels: An Economic Analysis of the Japanese Subcontract Act (Takeshi Goto, Tatsuhiko Nariu)....Pages 71-84 Managers’ Window Dressing and Liability for Damages to a Stock Sales in Management Buyouts (Ryutaro Nozaki)....Pages 85-100 Optimal Default Rule for Breach of Contract (Kazuhiko Sakai)....Pages 101-112 How to Determine the Lending Level of the Bank to the Firm? (Shinya Shimoda)....Pages 113-120 Incomplete Information in Repeated Coordination Games (Eric Rasmusen)....Pages 121-131 Front Matter ....Pages 133-133 Public Debt, Budget Deficits, Fertility, and Endogenous Growth (Jun-ichi Maeda)....Pages 135-144 Optimal Income Tax Structure with Favoritism (Hideki Sato)....Pages 145-150 Regional Agglomeration and Social Security Policies in OLG Model (Tohru Naito)....Pages 151-167 Can Migration Affect the Decision of Governmental Fiscal Bailout? (Woohyung Lee)....Pages 169-181 Delegation of Policy Tasks from Politician to the Bureaucrat (Masayuki Kanazaki)....Pages 183-199 Measurement of Ideology Based on Per Capita Vote Versus Money Count Vote in Korea (Hang Keun Ryu, Eunju Chi, Hyeok Yong Kwon)....Pages 201-211 Front Matter ....Pages 213-213 Externalities of Network Formation and Economic Growth (Tomoya Sakagami, Yasuhiko Kato, Hiroki Inoue, Hiroki Unoki)....Pages 215-226 Environmental Policy and the Excess Entry Theorem (Hajime Sugeta)....Pages 227-241 Bilateral Cooperation for Transboundary Pollution Problems (Toshiyuki Fujita)....Pages 243-252 Social Capital, Resource Boom, and Underdevelopment Traps (Nobuaki Hori, Peseth Seng)....Pages 253-270 Quality-Improving R&D and Semicollusive Production Cartel in Differentiated Cournot Duopoly (Yasunori Ouchida)....Pages 271-285 Optimal Commodity Taxation with Tax Brackets Under Vertical Product Differentiation (Kiyoshi Arakawa)....Pages 287-301 Role of Public Support in Sports Fan Formation Processes: Approach by Cultural Transmission Model (Hirofumi Fukuyama)....Pages 303-317 A Comparison of National and Local Airport Management (Akio Kawasaki)....Pages 319-331 Voting for Secession and Siting Nuisance Facilities in a Federation (Shigeharu Sato)....Pages 333-347 Labor Standards and Export-Platform FDI in Unionized Oligopoly (Ki-Dong Lee)....Pages 349-370