Editors

Series Editor
  • Makoto Yano
Editorial Board Member
  • Reiko Aoki
  • Youngsub Chun
  • Avinash K. Dixit
  • Masahisa Fujita
  • Takashi Kamihigashi
  • Masahiro Kawai
  • Chang-Fa Lo
  • Mitsuo Matsushita
  • Kazuo Nishimura
  • Shiro Yabushita
  • Naoyuki Yoshino
  • Fuhito Kojima

About the Editor

Makoto Yano is Chairman of the Research Institute of Economy, Trade and Industry (RIETI); he is also a specially appointed professor at Kyoto University and Sofia University. He was elected member of the Japan Academy in 2021. He is an internationally known researcher who has made a number of substantial contributions in international trade, and especially on economic dynamics. In a series of recent research, Yano proposes market quality theory, addressing various problems in modern economies, including the financial market crisis since 2008 and the recent nuclear accidents in Japan, from the point of view of market quality. Concerning quality of competition, quality of information, and quality of products, market quality is defined as an index jointly determined by the efficiency of an allocation and the fairness of the prices that are achieved in a market. An influence of his theory can be seen in Krishnendu Dastidar’s book, Oligopoly, Auctions and Market Quality (2017), included in the same Springer book series as the present volume. Yano received a BA in economics from the University of Tokyo in 1971 and a PhD in economics from the University of Rochester in 1981.