New Frontiers in Regional Science: Asian Perspectives

Information and Distribution

The Role of Merchants in the Market Economy Under Uncertainty

Authors: Sakai, Yasuhiro, Sasaki, Keisuke

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  • Provides an overview of the relation between information and distribution in historical and theoretical perspectives, following the John Hicks doctrine that History and Theory should be the inseparable parts of the whole structure.
  • Provides a variety of applied models that include not only a transaction function but also an information, risk-bearing function as distinguishing features of modern distribution systems today.
  • Identifies the distinguishing features of the Japanese distribution system, as exemplified by the Ohmi merchants, compared with distribution systems in Europe and the United States.
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Hardcover $139.99
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About this book

The purpose of this book is to discuss the relationship between information and distribution, with special reference to the role of the merchant in a market economy under conditions of risk and uncertainty. By working with simple models of the market economy and conducting a sequence of comparative analyses, the authors shed new light on an important yet rather neglected area in economics.

In a historical perspective, the merchants of Ohmi, the former name of Shiga Prefecture in western Japan, are known to have put great faith in the principles of Sampo Yoshi or the all-around advantages of trading. It is hoped that the results presented in this book will provide some solid ground for such an old principle that can be seen in a new light. Applications to regional and many related problems are also discussed here.

A distribution system is broadly defined as the systematic mechanisms and structures that regulate business operations, and its function is to maximize corporate value. Some of the following functions have previously been identified as distinguishing features of the Japanese distribution system compared with distribution systems in Europe and the United States: not only transactions, transportation, and storage, but also information, risk-bearing functions, and other characteristics. This book provides an overview of the distribution system in Japan, including changes that its practice have undergone and its current state; identifies current problems; and considers how these problems should be addressed.

About the authors

Yasuhiro Sakai, Emeritus Professor: Shiga University, University of Tsukuba, Department of Economics, Shiga University, y-sakai@biwako.shiga-u.ac.jp, Banba 1-1-1, Hikone, Shiga, 522-8522, Japan
Keisuke Sasaki, Professor, Department of Economics, Toyo University, k_saki_k@toyo.jp, Hakusan 5-28-20, Bunkyouku, Tokyo, 112-8606, Japan

Table of contents (9 chapters)

Table of contents (9 chapters)
  • Liverpool Merchants Versus Ohmi Merchants: How and Why They Dealt with Risk and Insurance Differently

    Pages 3-20

    Sakai, Yasuhiro (et al.)

  • The Role of Merchants in the Exchange Economy: A Historical Perspective

    Pages 21-39

    Sakai, Yasuhiro (et al.)

  • A Theory of Information and Distribution: The Market Economy and Demand Risk

    Pages 43-65

    Sakai, Yasuhiro (et al.)

  • Information Exchanges among Firms and Their Welfare Implications (Part I): The Dual Relations between the Cournot and Bertrand Models

    Pages 67-82

    Sakai, Yasuhiro (et al.)

  • Information Exchanges among Firms and Their Welfare Implications (Part II): Alternative Duopoly Models with Different Types of Risks

    Pages 83-107

    Sakai, Yasuhiro (et al.)

Buy this book

eBook $109.00
price for USA in USD
  • ISBN 978-981-10-0101-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-981-10-0100-0
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Information and Distribution
Book Subtitle
The Role of Merchants in the Market Economy Under Uncertainty
Authors
Series Title
New Frontiers in Regional Science: Asian Perspectives
Series Volume
49
Copyright
2021
Publisher
Springer Singapore
Copyright Holder
Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-10-0101-7
DOI
10.1007/978-981-10-0101-7
Hardcover ISBN
978-981-10-0100-0
Series ISSN
2199-5974
Edition Number
1
Number of Pages
XV, 206
Number of Illustrations
50 b/w illustrations, 3 illustrations in colour
Topics