Applied Approaches to Societal Institutions and Economics

1. Front Matter

   Pages i-xii

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2. New Methodology of Game, Contract, and Law

   1. Front Matter

      Pages 1-1

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   2. Intrinsic Motivation and Dynamic Agency Contract

      • Isao Miura, Keiki Kumagae

      Pages 3-21

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   3. Impact of Lower Interest Rate Ceilings on the Lending Market

      • Haruhiko Tsuzuki, Yusuke Miyoshi

      Pages 23-39

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   4. Ownership Structure, Tax Regime, and Dividend Smoothing

      • Shinya Shinozaki, Konari Uchida

      Pages 41-55

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   5. Economic Evaluation of Japanese Attorney Fees

      • Yasuhiro Ikeda

      Pages 57-69

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   6. Fixed Payments in Production Contracts for Private Labels: An Economic Analysis of the Japanese Subcontract Act

      • Takeshi Goto, Tatsuhiko Nariu

      Pages 71-84

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   7. Managers’ Window Dressing and Liability for Damages to a Stock Sales in Management Buyouts

      • Ryutaro Nozaki

      Pages 85-100

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   8. Optimal Default Rule for Breach of Contract

      • Kazuhiko Sakai

      Pages 101-112

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   9. How to Determine the Lending Level of the Bank to the Firm?

      • Shinya Shimoda

      Pages 113-120

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   10. Incomplete Information in Repeated Coordination Games

       • Eric Rasmusen

       Pages 121-131

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3. Economic Analysis of Government and Public Sector

   1. Front Matter

      Pages 133-133

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   2. Public Debt, Budget Deficits, Fertility, and Endogenous Growth

      • Jun-ichi Maeda

      Pages 135-144

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   3. Optimal Income Tax Structure with Favoritism

      • Hideki Sato

      Pages 145-150

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   4. Regional Agglomeration and Social Security Policies in OLG Model

      • Tohru Naito

      Pages 151-167

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   5. Can Migration Affect the Decision of Governmental Fiscal Bailout?

      • Woohyung Lee

      Pages 169-181

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   6. Delegation of Policy Tasks from Politician to the Bureaucrat

      • Masayuki Kanazaki

      Pages 183-199

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   7. 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

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4. Applied Approaches to Current Economic Issues

   1. Front Matter

      Pages 213-213

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   2. Externalities of Network Formation and Economic Growth

      • Tomoya Sakagami, Yasuhiko Kato, Hiroki Inoue, Hiroki Unoki

      Pages 215-226

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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.

• Regional Science
• Applied Economics
• Law and Economics
• Economics of Institution
• Public Policy

• Doshisha University, Kyoto, Japan

  Tohru Naito

• Keimyung University, Daegu, Korea (Republic of)

  Woohyung Lee

• Department of Economics, Hiroshima University, Higashi-Hiroshima City, Japan

  Yasunori Ouchida

Tohru Naito, Doshisha University


Woohyung Lee, Keimyung University


Yasunori Ouchida, Hiroshima University

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