文献一覧: The Economic Studies Quarterly (雑誌)

1 0 0 0 OA PRODUCTION POSSIBILITIES AND INTERNATIONAL TRADE WITH PUBLIC INTERMEDIATE GOOD: A FURTHER GENERALIZATION

著者: KATSUSHI TERASAKI
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.2, pp.115-123, 1990-06-20 (Released:2007-10-19)
参考文献数: 7

The purposes of this article are to construct a simple general equilibrium model with pure public good and endogenous factor income tax based on the Lindahl pricing rule and consistently to generalize Okamoto (1985) further. The main result is that if all the factor augmenting functions attached to the primary inputs in the private sectors are directly proportional to each other, then the stability condition is satisfied and the main trade theorems hold.

2021-01-28 20:24:00
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1 0 0 0 OA ON A NON-LINEAR LEONTIEF SYSTEM

著者: JUN IRITANI
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.2, pp.124-133, 1990-06-20 (Released:2007-10-19)
参考文献数: 10

The non-linear Leontief System has been built on the‘Input Function.’The objectives of this paper are to give a micro foundation of input functions in a competitive economy and to examine whether or not standard results remain true in the non-linear environments. The results obtained here are (i) that we can successfully construct an input function from the neoclassical production functions, (ii) that the duality equality holds, and (iii) that weak solvability implies local solvability.

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1 0 0 0 OA WHY ARE ANNUITY SYSTEMS USED TO REDISTRIBUTE INCOME?

著者: TADASHI YAGI
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.2, pp.134-154, 1990-06-20 (Released:2007-10-19)
参考文献数: 16

Many people believe that it is undesirable to redistribute income through an annuity system. From an efficiency point of view, it seems to be better to use a tax system to redistribute income. This paper examines the reasons why an annuity system is used to redistribute income, even when the tax system has a redistributive role. Without myopia and capital market imperfections, redistribution through an annuity system has no advantage compared with a tax system. If individuals are myopic and the capital market is imperfect, however, redistribution through an annuity system increases national saving and has a positive effect on capital formation. The paper shows, in addition, that differences in behavior among income classes are important for public policy-making.

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1 0 0 0 OA A GENERALIZATION OF THE CARLSON-PARKIN METHOD FOR THE ESTIMATION OF EXPECTED INFLATION RATE

著者: TAKEAKI KARIYA
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.2, pp.155-165, 1990-06-20 (Released:2007-10-19)
参考文献数: 11

In this article, we generalize the Carlson-Parkin (1975) method for the estimation of expected inflation rates based on qualitative surveys. An important generalization is that in our model, people's responses to the question given can be random while in the Carlson-Parkin method, they are not random. Second, alternative determinations of a threshold value are proposed. Third, the problem is treated with a gamma response function under a gamma distribution.

2021-01-28 20:24:00
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1 0 0 0 OA 政治と経済の相互作用の計量経済学的分析

著者: 深谷庄一
出版者: 日本経済学会
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.2, pp.166-182, 1990-06-20 (Released:2007-10-19)
参考文献数: 23

This econometric study is an attempt to build a politico-economic model of Japan. It explicitlyspecifies the interrelationship between policy decision process and economic mechanism. There seems to be a difficulty that political variables are too scarce to build an econometric model. This analysis interpolates many political data, making use of the so-called spline functions, so that our model consists of as many political variables as economic ones. The policy variable is public investment, determined through political process (political variables). Those political variables depend upon economic outcomes, caused partly by that policy.A simulation analysis shows that an expansionary fiscal policy will finally lower the popularity of the Liberal-Democratic-Party, although temporarily raise up its popularity.

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1 0 0 0 OA COURNOT OLIGOPOLY MODEL WITH MULTI-PRODUCT FIRMS

著者: TAKAO FUJIMOTO
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.40, no.4, pp.364-368, 1989-12-20 (Released:2007-10-19)
参考文献数: 11

2021-01-28 20:23:00
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1 0 0 0 OA GENERALIZED GROSS SUBSTITUTE SYSTEMS WITH D-STABILITY: A REFORMULATION

著者: TAKAO FUJIMOTO
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.40, no.4, pp.369-373, 1989-12-20 (Released:2007-10-19)
参考文献数: 18

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1 0 0 0 OA ソースティン•ヴェブレンと現代経済学

著者: 宇澤弘文
出版者: 日本経済学会
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.1, pp.1-14, 1990-03-20 (Released:2008-02-28)

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1 0 0 0 OA CONDITIONS ON CONSISTENCY FOR TESTING HYPOTHESES UNDER RATIONAL EXPECTATION BY VECTOR AUTOREGRESSIVE MODELS AND COINTEGRATION

著者: NAOTO KUNITOMO TAKU YAMAMOTO
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.1, pp.15-33, 1990-03-20 (Released:2008-02-28)
参考文献数: 27

The method of testing the cross-equation restrictions under the rational expectation (RE) hypothesis based upon the fitted vector autoregressive (VAR) time series models has been used. It has been applied to test the cross-equation restrictions implied by the expectation hypothesis for the term structure of interest rates, the present value relation in the stock market, and the efficiency hypothesis without risk premium in forward exchange rate market.We point out that two conventional econometric practices of the prefiltering (or differencing) and the use of law of iterated projection are often inconsistent with the restrictions imposed by the RE hypothesis. We explore the general relation between this inconsistency problem and the cointegrated stochastic processes. New sufficient conditions for logical consistency to test the restrictions imposed by the RE hypothesis are given. We show that some cointegrated filter can be used as a possible solution in some cases. Further, we propose a necessary and sufficient condition for testing the cross-equation constraints imposed by the RE hypothesis based upon the vector autoregressive moving average (VARMA) models, which can be useful as a solution to the difficulty caused by an improper use of the law of iterated projection.

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1 0 0 0 OA ON THE TECHNICAL EFFICIENCY UNDER REGULATION: A CASE FOR THE JAPANESE ELECTRIC POWER INDUSTRY

著者: MAKOTO TAWADA SEI-ICHI KATAYAMA
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.1, pp.34-47, 1990-03-20 (Released:2008-02-28)
参考文献数: 16

This paper gives an empirical examination of efficiency of the regulated firm. Rate of return regulation is a typical feature of the public utility environment. The theoretical analysis by Averch-Johnson showed the existence of a regulatory bias toward overcapitalization. We reexamine and elaborate the method of the empirical test for the Averch-Johnson proposition. And we apply it to the Japanese electric power industry. We showed that the Averch-Johnson proposition was not necessarily confirmed and the production in the Japanese electric power industry was efficient for some period in spite of regulation.

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1 0 0 0 OA ON THE EXCHANGE OF COST INFORMATION IN A BERTRAND-TYPE DUOPOLY MODEL

著者: YASUHIRO SAKAI TAKEHIKO YAMATO
出版者: JAPANESE ECONOMIC ASSOCIATION
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.1, pp.48-64, 1990-03-20 (Released:2008-02-28)
参考文献数: 13

This paper deals with the welfare implications of information sharing between Bertrandtype duopolists when there is cost uncertainty. The paper distinguishes itself from the previous work in that it is not restricted to those special cases where goods are physically substitutes or costs are stochastically independent, and in that it carries out a complete analysis of the impact of information pooling on consumers and the society as a whole. In particular, by introducing new concepts such as the variation and allocation effects, we point out the possibility that the exchange of cost information is beneficial to Bertrand firms. Comparison with the more popular Cournot duopoly case is also made.

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1 0 0 0 OA 預金金利の自由化とマクロ経済の安定性

著者: 山崎福寿大滝雅之
出版者: 日本経済学会
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.1, pp.65-77, 1990-03-20 (Released:2008-02-28)
参考文献数: 6

This paper studies the relationship between the abolishment of a deposit interest ceiling and the stability of macroeconomy, using a simple stochastic macroeconomic model. The derived conclusions are as follows; First, the abolishment of a deposit rate ceiling will improve the effectiveness of the economic policy when the economic fluctuation is mainly attributed to the random shock of high-powered money market. By contrast, if the shock of either loan or goods market is dominant, economic policy will be less effective. Second, the probability of lenders' bankruptcy will decrease when monetary shocks (i. e. H. P. M. and loan) are dominant.

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1 0 0 0 OA 情報制限,雇用契約,そして特殊訓練

著者: 上島康弘
出版者: 日本経済学会
雑誌: The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日: vol.41, no.1, pp.78-87, 1990-03-20 (Released:2008-02-28)
参考文献数: 19

In this paper, we build a two-period model which focuses on On-the-Job training and derive the effects of specific training on wage profiles and on dismissals. The main results we obtain are as follows:(i) Our two period wage-employment contract dominates the familiar repetitive spot contract in the environment of restricted information.(ii) In this contract, the employees are not necessarily dismissed even if a business deficit is incurred.(iii) In principle, greater amounts of specific training make wage profiles steeper and restrict dismissals.