bottleneckjapanese.dvi
|
|
- つづる さどひら
- 5 years ago
- Views:
Transcription
1 1 M&A Keywords:,. Address: 742-1, Higashinakano, Hachioji-shi, Tokyo ,Japan fax: ; 1 Yang and Kawashima(2008)
2 1 2 ( MVI ) 4 5 M&A MVI 2 100, Richardson(2009) (1997) 1 2 (1997)22 225, (1999) (1999)4 (tying good) (tied good) 4 (2009)15 5 (2008) (2008)281 1
3 6 Whinston(2006) (exclusionary vertical contracts) (exclusionary contracts) (vertical contracts) tied sales) Whinston(1990) 2 Whinston(1990) MVI Tirole(1988) Rey and Tirole (2007) MVI (foreclosure) 7 DeGraba (200) ( VBM ) Salinger (1988) VBM Westfield (1981) Westfield (1981) (pure monopoly) Tirole(1988) Rey and Tirole(2007) 6 (1998)69 7 Tirole(1988) Tirole(1988)
4 Rey and Tirole(2007) M&A Tirole(1988) MVI (2005) (1998)
5 11 Whinston(1990) 2 tied sales) MVI tied sales) (2009) 4
6 2 ( ) P = a x = a (x 1 + x 2 ), (1) P x i i, i =1, 2 α i i α i 1 y i 1 2 x i = 1 α i y i, i =1, 2 (2) 2 1 α = α 1 /α 2 > 1. () 2 1 (, ) (2) 1 α i i 1 Economides(1998) 5
7 c i c i = α i p b, i =1, 2, (4) p b 2 2 (1) (4) i π i =(P c i )x i =(a α i p b (x 1 + x 2 ))x i, i =1, 2, x i π 1 x 1 = a α 1 p b 2x 1 x 2 =0 π 2 x 2 = a α 2 p b x 1 2x 2 =0. x 1 = a (2α 1 α 2 )p b, x 2 = a +(α 1 2α 2 )p b, X X = x 1 + x 2 = 2a (α 1 + α 2 )p b. MC 0 <MC= β, (5) a 4α 1 β. (6) (6) 1 6
8 p b p b 1 2 x 1 P B x 2 P B 1: 1. p b = a(α 1 + α 2 )+2(α 2 1 α 1 α 2 + α 2 2)β 4(α 2 1 α 1α 2 + α 2 2 ) >β, (7) P B = a(5α2 1 2α 1 α 2 +5α 2 2)+2(α 1 + α 2)β 12(α 2 1 α 1α 2 + α 2 2 ) >α 1 p b, (8) x 1 = a (2α 1 α 2 )p b x 2 = a +(α 1 2α 2 )p b > 0, > 0.. (2) x 1,x 2 y b y b = α 1 x 1 + α 2 x a +( 2α 1 + α 2 )p b 2 = α 1 = a(α 1 + α 2 ) 2(α 2 1 α 1 α 2 + α 2 2)p b. 7 + α 2 a +(α 1 2α 2 )p b
9 π b =(p b β)y b =(p b β) a(α 1 + α 2 ) 2(α 2 1 α 1α 2 + α 2 2 )p b. π b p b p b p b p b = a(α 1 + α 2 )+2(α 2 1 α 1α 2 + α 2 2 )β 4(α 2 1 α 1α 2 + α 2 2 ). X p b (1) P B P B = a(5α2 1 2α 1α 2 +5α 2 2 )+2(α 1 + α 2 )β 12(α 2 1 α 1α 2 + α 2 2 ). p b β p b β p b β = a(α 1 + α 2 )+2(α 2 1 α 1α 2 + α 2 2 )β 4(α 2 1 α 1α 2 + α 2 2 ) β = a(α 1 + α 2 ) 2(α 2 1 α 1α 2 + α 2 2 )β 4(α 2 1 α 1α 2 + α 2 2 ). α 1 >α 2 p b β, (6) a(α 1 + α 2 ) 2(α 2 1 α 1α 2 + α 2 2 )β 4α 1β(α 1 + α 2 ) 2(α 2 1 α 1α 2 + α 2 2 )β =2β(α2 1 +α 1α 2 α 2 2 ) =2α 2 2 β(α2 +α 1) > 0, (), i.e., α>1 p b β P B α 1 p b α 1 p b 1 P B α 1 p b = a(5α2 1 2α 1 α 2 +5α 2 2)+2(α 1 + α 2)β a(α 1 + α 2 )+2(α 2 1 α 1 α 2 + α 2 12(α 2 1 α 1α 2 + α 2 2 ) α 2)β 1 4(α 2 1 α 1α 2 + α 2 2 ) = 1 12(α 2 1 α 1α 2 + α 2 2 )(a(2α2 1 5α 1 α 2 +5α 2 2)+2β( 2α 1 +α 2 1α 2 α 1 α α 2)) 1 12(α 2 1 α 1α 2 + α 2 2 )(4α 1β(2α 2 1 5α 1α 2 +5α 2 2 )+2β( 2α 1 +α2 1 α 2 α 1 α α 2 )) = β 6(α 2 1 α 1α 2 + α 2 2 )(2α 1 7α 2 1α 2 +7α 1 α α 2) = α 2 β 6(α 2 α +1) (2α 7α 2 +7α +1)> 0, α = α 1 /α 2 () (6) x 1 x
10 1 x 1 p b (7) (6) x 1 x 1 = a (2α 1 α 2 )p b 4α 1 β (2α 1 α 2 ) a(α 1+α 2 )+2(α 2 1 α 1α 2 +α 2 2 )β 4(α 2 1 α 1α 2 +α 2 2 ) = 2α 1 7α2 1 α 2 +7α 1 α α 2 6(α 2 1 α1α2+α22 ) = (2α 7α 2 +7α +1)α 2 6(α 2 α +1) 1 h(α) () α 2 2 h(α) h(α) =2α 7α 2 +7α +1 α>1 h(α) (1, ) α =1 h(1) = α >1 k(α) > 0 x 1 0 h(α) 2 α x 1 h Out[2]= Α 2: h(α) 2 x 2 2 x 2 p b (7) (6) x 2 x 2 = a +(α 1 2α 2 )p b 9
11 4α 1 β +(α 1 2α 2 ) a(α 1+α 2 )+2(α 2 1 α 1α 2 +α 2 2 )β 4(α 2 1 α 1α 2 +α 2 2 ) = (11α 1 1α2 1 α 2 +7α 1 α 2 2 2α 2 )β 6(α 2 1 α 1α 2 + α 2 2 ) = (11α 1α 2 +7α 2)α 2 β 6(α 2 α +1) 1 k(α) k(α) = (11α 1α 2 +7α 2) α>1 k(α) (1, ) α =1 k(1) = α >1 k(α) > 0 k(α) α x 2 k Out[19]= Α : k(α) x 1 x 2 X = x 1 + x 2 >
12 a 4α 1 β α>1 11
13 p i β p i 1 2 x 1 P I x 2 P I 4: VBM 1 2 Yang and Kawashima(2008) I VBM VBM MVI VBM VBM 4 12
14 VBM MVI 1 2, Westfield (1981) Westfield (1981) 1 β p i MVI β VBM MVI I 2 x I MVI x 2 π I = π d + π u =(P α 1 β)x I + α 2 (p i β)x 2 =(a α 1 β (x I + x 2 ))x I + α 2 (p i β)x 2, π 2 = (P α 2 p i )x 2 =(a α 2 p i (x I + x 2 ))x 2, π d π u MVI p i 2 ( ), π I x I = π d x I = a α 1 β 2x I x 2 =0, 1
15 π 2 x 2 = a α 2 p i x I 2x 2 =0, x I = a 2α 1β + α 2 p i, (9) x 2 = a + α 1β 2α 2 p i. (10) 2 MVI x α 2 x 2 = Y = α 2(a + α 1 β 2α 2 p i ). (11) VBM 2. p i = 5a α 1β +6α 2 β 10α 2, (12) P I = 5a + β(α 1 +2α 2 ). (1) 10 P I α 1 p i x 2 Y x 2 = 2(α 1 α 2 )β > 0, 5 Y = 2(α 1 α 2 )α 2 β > MVI (11) (9) (11) MVI π I = π d + π u =(P α 1 β)x I +(p i β)y =(a α 1 β x I x 2)x I +(p i β)y = ( a α 1 β a 2α 1β + α 2 p i a + α 1β 2α 2 p ) i a 2α1 β + α 2 p i +(p i β) α 2(a + α 1 β 2α 2 p i ) ( a 2α1 β + α 2 p ) i 2 α 2 (p i β)(a + α 1 β 2α 2 p i ) = +. π I dπ I =2 (a 2α 1β + α 2 p) α 2 dp i + α 2 ((a + α 1β 2α 2 p)+(p i β)( 2α 2 ))=0. 14
16 p i p i = 5a α 1β +6α 2 β 10α 2. p i (9) (10) VBM P I (1) P I = a x I x 2 = a a 2α 1β + α 2 p i a + α 1β 2α 2 p i = 5a + β(α 1 +2α 2 ). 10 (10) 2 x 2 x 2 = a + α 1β 2α 2 p i = 2(α 1 α 2 )β 5 > 0, () 2 x 2 MVI P I α 2 p i = 2β(α 1 α 2 ) 5 > 0. () MVI MVI p i 2 p i β p i β = 5a α 1β +6α 2 β 10α 2 β = 5a α 1β 4α 2 β 10α 2 > 0, () (6) p i β MVI 2 MVI MVI () α 1 15
17 . α 1 >α 2. 2 α 1 >α 2 2 Y > 0 MVI Whinston (1990) P roposition α 1 >α 2 x 2 0 α 1 MVI MVI MVI MVI 2 () 16
18 1980 (2001) 15 (2004) 16 α >1 α 1 α >1 M&A α 1 = α 2 =1 15 (2001) 2 16 (2004)
19 α 1 = α 2 =1 OS 17 Windows ( ) α 1 = α 2 =1 α 1 = α 2 =1 OS α 1 = α 2 =1 1.. α 1 = α 2 =
20 2 x 2 =0 VBM 2 P I P B 2 P I P B P I P B = 5a + β(α 1 +2α 2 ) a(5α2 1 2α 1α 2 +5α 2 2 )+2(α 1 + α 2 )β 10 12(α 2 1 α 1α 2 + α 2 2 ) (14) = 5a(α2 1 4α 1α 2 + α 2 2 ) + 2(4α 1 α2 1 α 2 +α 1 α α 2 )β 60(α 2 1 α 1α 2 + α 2 2 ) (15) = 5a(α2 4α + 1) + 2(4α α 2 +α +1)α 2 β 60(α 2. (16) α +1) f(α) = P I P B, g(α) = 4α α 2 +α +1 α 2. 4α +1 P I P B = f(α) = = = 2α 2 β 60(α 2 α +1) { 5a 2α 2 β (α2 4α +1)+(4α α 2 +α +1)} α 2 β 0(α 2 α +1) (α2 4α +1){ 5a 2α 2 β + 4α α 2 +α +1 α 2 } 4α +1 α 2 β 0(α 2 α +1) (α2 4α +1){ 5a 2α 2 β + g(α)}, (α 2 α +1) α f(α) =0 2 19
21 5a + g(α) =0, 2α 2 β f(α) =0 α α () (6) 5a 2α 2 β 5 4α 1β 2α 2 β > 5 4α 2β 2α 2 β = g(α) = α α 2 + α +1 α 2 4α +1 =0. (17) α = 4.217, 0.01, α =1 g(1) = 1.5 α>1 g(α) 1.5 (1,.72) α g(α) g 200 Out[]= Α : g(α) α>1( ()) (17) α =2.166 g(α) 5a/(2α 2 β) > 10 (17) α VBM 20
22 P I P B, for 1 <α α, P I >P B, for α > α.. P I P B P I P B P I P B = α 2 β 0(α 2 α +1) (α2 4α +1){ 5a + g(α)}. (18) 2α 2 β (), α 1 α.72 α.72 g(α) 5a + g(α) =0 2α 2 β (2.166,.72) α 5a/(2α 2 β) > 10 18) 2 (α 2 4α +1) (18) α>.72 2 g(α) > 0 α>.72 2α 5a 2 β + g(α) > 0 α>.72 (18) P I >P B 1 <α<.72 (18) 2 0 α 1.72, g(α) (1,.72) (17) g(α) (17) g(α)+ 5a 2α 2 β 0, for α α, g(α)+ 5a 2α 2 β < 0, for α > α. α (1,.72) (α 2 4α +1)< 0 (18) P I P B, for 1 <α α, P I >P B, for α > α. 21
23 VBM 18 2 VBM MVI MVI MVI 2 2 α 1 1 <α α MVI α>α 1 <α<α α>α ) 18, Spengler (1950) 22
24 1 <α= α 1 /α 2 <α 2 α>α 2 1 <α α α >α 2. α <α VBM VBM 2
25 α>α α<α, VBM 19 MVI 1 2 VBM P I P B α 1 = α 2 =1 P B P I P I = a + β 2 P B = 2a + β
26 α 1 = α 2 =1 P I P B P I P B = a + β 6 < 0, for α 1 = α 2 =1 () (6) α 1 = α 2 =1 P I <P B Widows (2008)
27 4, 22 M&A
28 [1] (2009), Competition Policy:Beware of Using it to Harm Competition ( ) 702 pp.4-9. [2] DeGraba, Patrick (200) A Bottleneck Input Supplier s Opportunity Cost of Competing Downstream, Journal of Regulatory Economics, 2(), pp [] Economides, N. (1998) The Incentive for Non-price Discrimination by an Input Monopolist, International Journal of Industrial Organization, 16(), pp [4] ( ) ( ), :00 [5] (2004),. [6] ( )(1997),. [7] (2009), 70 pp [8] (2008), 2. [9], Windows98 (PC Watch), : :00 [10] (2004),,. [11] (1998),,. [12] (2001),,, 42 12, [1] (2009). [14] (1999), 27
29 [15] Ordover, Janusz, Garth Saloner and Steven Salop (1990) Equilibrium Vertical Foreclosure, American Economic Review, 80(1), pp [16] Rey, Patrick and Jean Tirole (2007) A Primer on Foreclosure, in Handbook of Industrial Organization, Vol., eds. by M. Armstrong and R. H. Porter, North-Holland. [17] Richardson, Hugh(2009),, pp. 1. [18] Salinger, M. A. (1988) Vertical Mergers and Market Foreclosure, Quarterly Journal of Economics, 10(2), pp [19] (2005),. [20] Spengler, Joseph (1950) Vertical Integration and Antitrust Policy, The Journal of Political Economy, 58 (4), pp [21] Tirole, Jean (1988) The Theory of Industrial Organization, Cambridge, Mass.: MIT Press. [22] (1998), [2] Westfield, F. M. (1981) Vertical Integration: Does Product Price Rise or Fall American Economic Review, 71(), pp [24] Whinston, Michael D. (1990) Tying, Foreclosure, and Exclusion, American Economic Review, 80(4), pp [25] Whinston, Michael D. (2006) Lectures on Antitrust Economics,Cambridge, Mass.: The MIT Press. [26] Yang, Chuan and Kawashima, Yasuo(2005) Integration, Market Foreclosure and Price Strategy by the Bottleneck Monopolist, Discussion Paper Series 82,The Institute of Economic Research, Chuo University. [27] Yang, Chuan and Kawashima, Yasuo(2008) Vertical Integration, Separation and Price Strategy in Vertically Related Markets, Discussion Paper Series 102,The Institute of Economic Research, Chuo University. 28
30 [28] (1999), 9(4), pp
(EHChamberlin) (ESMason) (JSBain) (RECaves) (CKaysen) (DFTurner) (FMScherer) (1) - (2) (1) (Structure) (2) (Conduct) (3) (Performance) (S
(1999 4 ) 0038 ( ) (Old Industrial Organization Theory) (Harvard School) (Chicago School) 1 (1995) 1 2 1930 (EHChamberlin) (ESMason) 50 60 (JSBain) (RECaves) (CKaysen) (DFTurner) (FMScherer) (1) - (2)
More information[ 1 ] Barcena-Ruiz, J. C., and M. P. Espinosa, 1996, Long-term or Short-term Managerial Incentive Contracts, Journal of Economics and Management Strategy 5, 343-359. [2] Barros, F., 1995, Incentive Schemes
More informationJournal of Economic Behavior & Organization Quarterly Journal of Economics Review of Economics and Statistics Internal Labor Markets and Manpower Analysis Economics of Education Review Journal of Political
More information濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G
濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G34 950-2181 2 8050 Tel. and fax: 025-262-6538 E-mail: khamada@econ.niigata-u.ac.jp
More informationWinter 図 1 図 OECD OECD OECD OECD 2003
266 Vol. 44 No. 3 I 序論 Mirrlees 1971 Diamond 1998 Saez 2002 Kaplow 2008 1 700 900 1, 300 1, 700 II III IV V II わが国の再分配の状況と国際比較 OECD Forster and Mira d Ercole 2005 2006 2001 Winter 08 267 図 1 図 2 2000 2
More information1970). Baumol, W. J., Panzar, J. C. and R. D. Willig (1982); Contestable Markets and The Theory of Industry Structure, 1982. Caves, R. and M. E. Porter (1977); From entry barriers to mobility barriers:
More informationCOE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho
COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate School of Economics and Institute of Economic Research
More informationアジ研教科書「マクロ安定化」.PDF
1 2 3 4 5 6 7 8 9 Corbo, V., and S. Fischer, Structural Adjustment, Stabilization and Policy Reform: Domestic and International Finance, in J. Behrman and T. N. Srinivasan, eds., Handbook of Development
More information1 Flores, D. (009) All you can drink: should we worry about quality? Journal of Regulatory Economics 35(1), Saggi, K., and Vettas, N. (00) On in
6 016 4 6 1 1 Flores, D. (009) All you can drink: should we worry about quality? Journal of Regulatory Economics 35(1), 1 18. Saggi, K., and Vettas, N. (00) On intrabrand and interbrand competition: The
More informationVer. 1.0 (discretion) (revenue management) (fictitious revenue recognition) (window dressing) (fraudulent accounting practice) SEC (General
2004.11.25 Ver. 1.0 (discretion) (revenue management) (fictitious revenue recognition) (window dressing) (fraudulent accounting practice) SEC (Generally Accepted Accounting Principles: GAAP) GAAP (realization
More information表紙_目次.PDF
JIL 2 1980 vol.3 15 3 1 3 15 18 IT 26 28 33 20 OECD 80 90 (1998) (2000) 2 Aghion et al. (1999) OECD 1970 1 2 70 1980 90 1.1 Kuznets U inverted U-shaped hypothesis GNP U 1 18901940 6 3 Kuznets(1955) (1963)
More informationTitle ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): Issue Date URL Right
Title ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): 54-76 Issue Date 1996-07 URL https://doi.org/10.14989/45083 Right Type Departmental Bulletin Paper Textversion publisher
More informationワールド・ワイド 10‐2(P)/3.中尾
28 1 35 35 1 2003 35 2 3 4 29 1965 1998 35 1000 5 647 1960 6 35 7 8 2 30 10 2 2. 1 2. 2 2. 3 3 3. 1 3. 2 4 2 2 2. 1 9 1 2003 1 647 10 t π macro 1 1964 1998 31 t- π macro 7.21 0.12 t 31.3610.65 R 2 0.77
More information2 (cf. 1995) (1) (Call Externality) (2) (Network Externality) / 2 Leibenstein (1950) Rohlfs(1974) 1.1 Leibenstein(1950) (Morgenstern 1948) (Von Neuman
(1999 10 ) 00.3.8 (7) ( ) 1767 1773 ( ) ( ) (cf. 1997) Leibenstein (1950), Rohlfs (1974), Katz & Shapiro(1985, 1986a), Farrell & Saloner (1985, 1986) 1 2 (cf. 1995) (1) (Call Externality) (2) (Network
More information導入
CIRJE-J-120 2004 10 CIRJE http://www.e.u-tokyo.ac.jp/cirje/research/03research02dp_j.html ** *** ** okazaki@e.u-tokyo.ac.jp *** masaki@econ.osaka-u.ac.jp - 1 - History of Production Organizations Abstract
More information日 本 のFTA 政 策 をめぐる 国 内 政 治 : JSEPA 交 渉 プロセスの Title 分 析 Author(s) 金, ゼンマ Citation 一 橋 法 学, 7(3): 683-719 Issue 2008-11 Date Type Departmental Bulletin Paper Text Version publisher URL http://hdl.handle.net/10086/16369
More informationM&A の経済分析:M&A はなぜ増加したのか
RIETI Discussion Paper Series 06-J-034 RIETI Discussion Paper Series 06-J-034 M&A の経済分析 :M&A はなぜ増加したのか 蟻川靖浩 宮島英昭 ( 早稲田大学 RIETI) 2006 年 4 月 要旨 1990 年代以降の M&A の急増の主要な要因は 産業や企業の成長性や収益性へのショックである とりわけ M&A を活発に行っている産業あるいは企業の特性としては
More information橡motonishi.PDF
2000 3 ITME Discussion Paper No.26 850-8506 4-2-1 moto@net.nagasaki-u.ac.jp 1 1 MRF 1 (2000) 2 MRF 2 Schreft (1997) 3 2 Tobin (1985) Friedman (1992) 3 3 4 5 3 4 5 2 White (1984) 1 4 (1996) (1999) (1999)
More information* ** Structural Separation in the Broadband Market Viewed from Transaction Cost Hidenori F Yoko N 1985 NTT POTS POTS Key words Broadband, Conduct Regu
* ** Structural Separation in the Broadband Market Viewed from Transaction Cost Hidenori F Yoko N 1985 NTT POTS POTS Key words Broadband, Conduct Regulation, Structural Separation, Transaction Cost, Vertical
More informationWORKING PAPER SERIES Masahiko Ota Graduate Student of Commerce and Management, Hitotsubashi University The Role of Zaikai-Jin in Entrepreneurship: Tai
WORKING PAPER SERIES ( No.44) 2007/03/20 No. The Research Institute for Innovation Management, HOSEI UNIVERSITY WORKING PAPER SERIES Masahiko Ota Graduate Student of Commerce and Management, Hitotsubashi
More information60 Vol. 44 No. 1 2 準市場 化の制度的枠組み: 英国 教育改革法 1988 の例 Education Reform Act a School Performance Tables LEA 4 LEA LEA 3
Summer 08 59 I はじめに quasi market II III IV V 1 II 教育サービスにおける 準市場 1 教育サービスにおける 準市場 の意義 Education Reform Act 1988 1980 Local Education Authorities LEA Le Grand 1991 Glennerster 1991 3 1 2 3 2 60 Vol. 44
More information早稲田大学現代政治経済研究所 ダブルトラック オークションの実験研究 宇都伸之早稲田大学上條良夫高知工科大学船木由喜彦早稲田大学 No.J1401 Working Paper Series Institute for Research in Contemporary Political and Ec
早稲田大学現代政治経済研究所 ダブルトラック オークションの実験研究 宇都伸之早稲田大学上條良夫高知工科大学船木由喜彦早稲田大学 No.J1401 Working Paper Series Institute for Research in Contemporary Political and Economic Affairs Waseda University 169-8050 Tokyo,Japan
More information株式保有構成と企業価値 ─コーポレート・ガバナンスに関する一考察─
q E-mail: kenji.nishizaki@boj.or.jp E-mail: kurasawa@ynu.ac.jp OECD Vives Tirole Shleifer and Vishny q %% %% % % Allen and Gale %% % Admati, Pfreiderer and Zechner Burkart, Gromb and Panunzi Cremer 1995Pagno
More information平成12年度 対日直接投資増加の理由と日本経済にもたらす影響に関する調査 第2章 対日投資と多国籍企業の戦略について
OLI 2-1. 2-1-1. 10% 2-1-2. 20 Hymer 1960 1 2 2 1 Vernon 1966 Smith 1987 Jacquemin 1985 21 Buckley & Casson 1976 Teece 1977 arm s-length internalize 2-1-3. OLI 40 OLI Dunning 1979 2 OLI 3 O: Ownership specific
More information66-5 足代訓史.pwd
plate-forme ICT BP p. 270 p. 135 pp. 135 136 JSPS SPACE ALC plateau : http://eow.alc.co.jp/search?q=plateau&ref=sa p. 136 SNS p. 222 Negoro and Ajiro 2013 4 AV p. 5 p. 5 p. 5 OS p. 5 p. 81 Eisenmann, Parker
More information村本 孜51‐85/51‐85
One for all, all for one. One for all, all for one. ( One for all, all for one. ) One for all, all for one. ( One for all, all for one. ) One for all, all for one. Manes, A. (1877~1963) [2006] p. 37 Raiffisen
More information........,.,.,..,.,.,.,.,.,.,.,., International Capital Market Litan et al a b c d M&A a a b E- e- Litan et al. : Table Levine World Bank Levine Greenwald et al. B R F R r R R r B R r B R r B R R Stiglitz
More informationBB 報告書完成版_修正版)040415.doc
3 4 5 8 KW Q = AK α W β q = a + α k + βw q = log Q, k = log K, w = logw i P ij v ij P ij = exp( vij ), J exp( v ) k= 1 ik v i j = X β αp + γnu j j j j X j j p j j NU j j NU j (
More informationuntitled
Discussion Paper Series No. J73 2006 4 ... 2... 3... 6... 9...12...15 1 2 Christensen and Raynor,2003,2002 ;,2005 2 POS POS 2003 2005 36 POS 32 2003 8 2005 12 29 32 42 3 DVD 42 32 DVD 3 1.20 1.00 0.80
More information- March IMF IMF IMF ITO The General Agreement on Tariffs and Trade
M&A IMF IMF gold tranche - March IMF IMF IMF ITO The General Agreement on Tariffs and Trade IMF IMF IMF GATT OECD OECD BITs. - March. U I = I (r m, i, Z * r m i Z * (= Z / Z) I / r m > I / i < I / Z *
More information本 ディスカッションペーパーの 内 容 や 意 見 は 全 て 執 筆 者 の 個 人 的 見 解 であり 金 融 庁 あるいは 金 融 研 究 センターの 公 式 見 解 を 示 すものではありません
FSA Institute Discussion Paper Series エージェントシミュレーションを 用 いた 価 格 規 制 と ネイキッド ショート セ リングの 禁 止 の 有 効 性 の 検 証 大 井 朋 子 DP 2012-5 2012 年 12 月 金 融 庁 金 融 研 究 センター Financial Research Center (FSA Institute) Financial
More information戦間期日本企業の資金調達、資本コスト、資本構成:最適資本構成理論からみた1930年代における企業財務
1930 Modigliani and Miller [1958] 170 1930 2008 7 16 I E-mail: takashi.nanjou@boj.or.jp E-mail: cc00881@srv.cc.hit-u.ac.jp //2009.7 81 1. 1 2 M&A 3 4 1965 1969 1995 1995 1993 1 2008 2008 1985 2006 10 ROA
More information産業・企業レベルデータで見た日本の経済成長.pdf
2003 11 10 IT IT JIP JCER ) 2003 CD-ROM http://www.esri.go.jp/jp/archive/bun/bun170/170index. html 1 JIP Jorgenson, Mun, andstiroh (2002) GDP 2 3 1951 1954 1957 1960 1963 1966 1969 1972 1975 1978 1981
More informationBaba and Nobeoka CAE Computer Aided Engineering
Baba and Nobeoka, Baba and Nobeoka CAE Computer Aided Engineering Feitzinger and Lee, 1997 p p p p p p Ulrich, 1995 ; Sanchez and Mahoney, 1996 Baba, Y. and K. Nobeoka 1998 Towards Knowledge-based
More informationTezukayama RIEB Discussion Paper Series No. 7 地方政府間の距離が財政調整に対する態度に与える影響 - 独裁者ゲーム実験からの示唆 - 竹本亨 小川一仁 高橋広雅 鈴木明宏 伊藤健宏 帝塚山大学 関西大学 広島市立大学 山形大学 岩手県立大学 経済学部 社
Tezukayama RIEB Discussion Paper Series No. 7 地方政府間の距離が財政調整に対する態度に与える影響 - 独裁者ゲーム実験からの示唆 - 竹本亨 小川一仁 高橋広雅 鈴木明宏 伊藤健宏 帝塚山大学 関西大学 広島市立大学 山形大学 岩手県立大学 経済学部 社会学部 国際学部 人文学部 総合政策学部 2013 年 11 月 Tezukayama University
More information1 3 1 2 1 2 1 1 1. 2. 3. 4. 1 1. 1 2. 3. 2
2007 9 18 1 D J 1 2 3 2005 2006 4 2 2005 2006 1 1 3 1 2 1 2 1 1 1. 2. 3. 4. 1 1. 1 2. 3. 2 3 3.1 Hamermesh and Soss (1974) (1985) (2002) 2 1. 2. Marcotte (2003) (2006) 1 2003 3.2 3 1 2003 10 19 20 29 30
More informationMicrosoft Word - KUES-DP docx
Kanagawa University Economic Society Discussion Paper No. 2015-01 2015/10/19 221-8686 3-27-1 E-mail: santa@econ.kanagawa-u.ac.jp 2015 10 19 2 1. 1 2. 20 30 2 * santa@econ.kanagawa-u.ac.jp 1 1 1 35 39 1980
More informationshuron.dvi
01M3065 1 4 1.1........................... 4 1.2........................ 5 1.3........................ 6 2 8 2.1.......................... 8 2.2....................... 9 3 13 3.1.............................
More informationautocorrelataion cross-autocorrelataion Lo/MacKinlay [1988, 1990] (A)
Discussion Paper Series A No.425 2002 2 186-8603 iwaisako@ier.hit-u.ac.jp 14 1 24 autocorrelataion cross-autocorrelataion Lo/MacKinlay [1988, 1990] 1990 12 13 (A) 12370027 13 1 1980 Lo/MacKinlay [1988]
More information,398 4% 017,
6 3 JEL Classification: D4; K39; L86,,., JSPS 34304, 47301.. 1 01301 79 1 7,398 4% 017,390 01 013 1 1 01 011 514 8 1 Novos and Waldman (1984) Johnson (1985) Chen and Png (003) Arai (011) 3 1 4 3 4 5 0
More information2 DEA Bain Mann Strickland and Weiss Structure Conduct Performance S-C-P Brozen Demsetz
1 2 DEA Bain Mann Strickland and Weiss Structure Conduct Performance S-C-P Brozen Demsetz 3 Ravenscraft Bothwell et. al Smirlock et. al New Industrial Organization NIO New Empirical Industrial Organization
More informationCOC 1) 10% 24.2 34.2 COC+ (52%), 31% 17%, 52%, https://passnavi.evidus.com/search_univ/ 1 1/4, 54%, 46% 28, https://passnavi.evidus.com/search_univ/ 2) 2009 2009 3 73.8%36.6% 16.2%70.3% 2010 3 2008 (%)
More information物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に―
NAIRU NAIRU NAIRU GDPGDP NAIRUNon- Accelerating Inflation Rate of Unemployment GDP GDP NAIRU Lown and RichFisher, Mahadeva and Whitley raw materials G NAIRUTurnerFai WatanabeNAIRU Watanabe nested NAIRU
More information1 911 9001030 9:00 A B C D E F G H I J K L M 1A0900 1B0900 1C0900 1D0900 1E0900 1F0900 1G0900 1H0900 1I0900 1J0900 1K0900 1L0900 1M0900 9:15 1A0915 1B0915 1C0915 1D0915 1E0915 1F0915 1G0915 1H0915 1I0915
More information12056286_03.indd
: 82 1 2013 7 2010 2011 1 30 2010 30 2011 30 2010 9 10 11 2011 1 2 1 2010 9 UK UK UK UK UK p. 843 45 82 1 1 UK 9 9 2007-08 UK 30% 30 20%30 150 30 32.5% 2030% p. 843 3 2004-05 5% 5% 75% p. 843 2010 11 1963
More information(2004 ) 2 (A) (B) (C) 3 (1987) (1988) Shimono and Tachibanaki(1985) (2008) , % 2 (1999) (2005) 3 (2005) (2006) (2008)
,, 23 4 30 (i) (ii) (i) (ii) Negishi (1960) 2010 (2010) ( ) ( ) (2010) E-mail:fujii@econ.kobe-u.ac.jp E-mail:082e527e@stu.kobe-u.ac.jp E-mail:iritani@econ.kobe-u.ac.jp 1 1 16 (2004 ) 2 (A) (B) (C) 3 (1987)
More informationAutumn 06 1 2005 100 100 1 100 1 2003 2005 10 2003 2005 2
2005 25-2 17 395.6 149.1 1 2004 2 2003p.13 3 Autumn 06 1 2005 100 100 1 100 1 2003 2005 10 2003 2005 2 Vol. 42 No. 2 2 100 20052005 2002 20052005 3 2005 10 1 II III IV 1 1 1 2 1 4 15-2 30 4,091 54.5 2
More informationGraduate School of Policy and Management, Doshisha University 53 動学的資本税協調と公的資本形成 あらまし Zodrow and Mieszkowski 1986 Wilson 1986 Batina はじめに Zodr
Graduate School of Policy and Management, Doshisha University 53 動学的資本税協調と公的資本形成 あらまし Zodrow and Mieszkowski 1986 Wilson 1986 Batina 2009 1. はじめに Zodrow and Mieszkowski 1986 Wilson 1986 Tax Competition
More informationz.prn(Gray)
1. 90 2 1 1 2 Friedman[1983] Friedman ( ) Dockner[1992] closed-loop Theorem 2 Theorem 4 Dockner ( ) 31 40 2010 Kinoshita, Suzuki and Kaiser [2002] () 1) 2) () VAR 32 () Mueller[1986], Mueller ed. [1990]
More informationデフレ不況下の金融政策をめぐる政治過程
1991 2003 GDP....................................... http://www.stat.go.jp/ http://www.boj.or.jp/ GDP http://www.esri.cao.go.jp/ GDP - - - inflation targeting Krugman a IS-LM liquidity trap Krugman b Krugman
More information物価指数の計測誤差と品質調整手法:わが国CPIからの教訓
CPICPI CPI CPI CPI CPI Economic Perspective Shiratsukaa Consumer Price IndexCPI CPI CPI CPI CPI Advisory Commission to Study the Consumer Price Index 1996Shiratsuka 1999bHoffmann 1998Cunningham 1996 Crawford
More information<90AD8DF489C88A D322E696E6462>
Graduate School of Policy and Management, Doshisha University 27 2011 11 2011 2011 10 2013 1950 1 1953 12 atoms for peace 2 3 1948 1960 1956 4 1958 1 1955 2 1957 IAEA International Atomic Energy Agency
More informationAuerbach and Kotlikoff(1987) (1987) (1988) 4 (2004) 5 Diamond(1965) Auerbach and Kotlikoff(1987) 1 ( ) ,
,, 2010 8 24 2010 9 14 A B C A (B Negishi(1960) (C) ( 22 3 27 ) E-mail:fujii@econ.kobe-u.ac.jp E-mail:082e527e@stu.kobe-u.ac.jp E-mail:iritani@econ.kobe-u.ac.jp 1 1 1 2 3 Auerbach and Kotlikoff(1987) (1987)
More information....671-......3.Z...QXD (Page 1)
http://www.mhlw.go.jp/topics///tp- /.html , ..,,, .......... p. p. p. p. p. p. p. p. p http://bktp.org/news/. pp.- pp. -. pp. -. pp.-. COE pp.-. pp.-. pp.-. pp. -. pp.-. pp.-. ESRI Discussion
More informationStepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Step
Stepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Stepwise Chow Test a Stepwise Chow Test Takeuchi 1991Nomura
More information, 3, 1999, 4,,
1, 1992 2005,,, 10 2,, 1992 1998 1,,, 1998 2002 2,, 3,,, 2002, 2002 3 1 2 1 , 3, 1999, 4,, 3 14 11 2 I, 10,, 1992 2005, 2,, 3, 4,, II,, 1992 1998 1,, 1998 2002 2 2002 3 II-1: 1 1993 1998 90,, 1995 6850,,
More information坪沼
2003 2006 M&A 2006 5 2007 5 TOB TOB TOB TOB 2006 12 TOB Grossman-Hart 1980 TOB free-rider TOB TOB TOB TOB TOB TOB free-rider Grossman-Hart 1980 dilution TOB pressure-to-tender Burkart-Gromb-Panunzi 1998
More information最適電源構成モデルを用いた卸電力取引市場の経済厚生の評価分析
RIETI Discussion Paper Series 07-J-044 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \
More information遺産相続、学歴及び退職金の決定要因に関する実証分析 『家族関係、就労、退職金及び教育・資産の世代間移転に関する世帯アンケート調査』
2-1. (2-1 ) (2-2 ) (2-3 ) (Hayashi [1986]Dekle [1989]Barthold and Ito [1992] [1996]Campbell [1997] [1998]Shimono and Ishikawa [2002]Shimono and Otsuki [2006] [2008]Horioka [2009]) 1 2-1-1 2-1-1-1 8 (1.
More informationMicrosoft Word - KUES-DP docx
Kanagawa University Economic Society Discussion Paper No. 2015-02 2016/03/30 221-8686 3-27-1 E-mail: santa@econ.kanagawa-u.ac.jp 2016 3 30 2 * santa@econ.kanagawa-u.ac.jp 1 1. 1 2. 20 30 2 1 1 35 39 1980
More informationアジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて
* ** 199 1 1996-97 relation * ** Seoul conference China and Emerging Asia: Reorganizing the Global Economy? held by KIEP and Seoul National University 26 5 11-12 Hugh Patrick Yung-Chul Park 26 9 9-1 East
More informationThe Institute for Economic Studies Seijo University 6 1 20, Seijo, Setagaya Tokyo 157-8511, Japan The Institute for Economic Studies Green Paper No. 59 Consumers Decision on the Choice of Small Payment
More informationuntitled
[ 研究ノート ] 4% 19 19 20 1997a 20 Mitchell, 2002: 123 208 1997b; 2008 2 1960 1980 Abdel-Fadil, 1975; Hansen, 1969; Radwan & Lee, 1986 Abdel-Fadil, 1980; 85 Assaad, 1997 2 Hopkins Hopkins & Westergaard, 1998:
More informationOSIPP41_p1_2.eps
2007 年 冬 号 No.41 1 2 3 4 Peace Culture Review of Economic Design Journal of Labor Economics Hitotsubashi Journal of Economics Japan and the World Economy Daily Yomiuri Working Paper Series, Center for
More information, FAD FAD FED FAO FAO WFP 1999 NGO ) 1. FAD FAD 1999 Lee, FAD % national coping s
20 30 280 350 1995 Devereux, 1988: 270 282 Food Availability Decline: FAD Food Entitlement Decline: FED FAD FAD FED 2000, 2002 FAD FAD FAD FED FAD Lee, 2003 FED 1999 59 2000 2000, 2001 2002 FAD FAD FED
More information<96D889BA904D2E696E6464>
615 379 1 1995 10 OECD 1995 380 616 57 3 1993 4 3071 2003 1 3247 10 10 4 1 1990 2000 2003 10 617 381 2002 2 3 4 5 2 1 1990 1995 1995 12 1995 IPP Independent Power Producer 1 2004a, b 2005a, b 382 618 57
More information組織の経済学:企業の境界
2009 11 30 2009 2... 3?... 4 4... 5 6... 7!... 8... 11 12... 13... 14 Fundamental Transformation.... 15... 16... 17... 19... 20.... 21... 22?... 23... 24... 27 28... 29.... 30... 33... 35... 36... 37...
More informationC. R. McKenzie 2003 3 2004 ( 38 ) 2 2004 2005 (Keio Household Panel Survey) control group treatment group 1
KEIO UNIVERSITY MARKET QUALITY RESEARCH PROJECT (A 21 st Century Center of Excellence Project) DP2005-020 * C. R. McKenzie** 2003 3 2004 ( 38 ) 2 2004 2005 (Keio Household Panel Survey) control group treatment
More informationPublic Investment, the Rate of Return, and Optimal Fiscal Policy Economic Growth Pioneering Economic Theory Mathematical Theories of Economic Growth Review of Economic Studiesvol.27 Econometrica vol.34
More information2) 3) 2) Ohkusa, 1996 ; 1999 ; Ohtake and Ohkusa, 1994 ; La Croix and A. Kawamura, Reject American Economic Review, Journal of Political Econom
1) IOC Major League Baseball s MLB Blue Ribbon Panel Levin et al. 1) Yamamura and Shin, 2005 a ; 2005 b ; 2005 c communication 2) 3) 2) Ohkusa, 1996 ; 1999 ; Ohtake and Ohkusa, 1994 ; La Croix and A. Kawamura,
More information商学 63‐3☆/6.山本
193 W. A. 1 2 3 1 2 WTO FTA TPP D. P. P. W. A. 194 2 3 Lewis 1954 1982, 1987 1999 1 1 2 2 2 1 2 A B 1987 119 1985 Krugman and Obstfeld 2009 19742006 3 W. A. 195 2 1 2 1 1 1 2 1 A a1 a2 * * i ai i 1, 2
More informationp *2 DSGEDynamic Stochastic General Equilibrium New Keynesian *2 2
2013 1 nabe@ier.hit-u.ac.jp 2013 4 11 Jorgenson Tobin q : Hayashi s Theorem : Jordan : 1 investment 1 2 3 4 5 6 7 8 *1 *1 93SNA 1 p.180 1936 100 1970 *2 DSGEDynamic Stochastic General Equilibrium New Keynesian
More information中京大学経済学論叢 23 号 2012 年 3 月 審査論文 1 Keywords: JEL Classi cation: L13, L22, L33 1 * *1 Inoue, Kamijo, and Tomaru (2009) Mukherjee and Suestrong
中京大学経済学論叢 23 号 22 年 3 月 審査論文 Keywords: JEL Classication: L3, L22, L33 * 2373253 * Inoue, Kamijo, and Tomaru (29)Mukherjee and Suestrong (29) Long and Stähler (29)Gil-Molto, Poyago-Theotoky, and Zikos (2)Matsumura
More information社会システム研究21_ 畠山.indd
Dunning E-mailba042002@ed.ritsumei.ac.jp Dunning OLI Dunning OLI OLI FDIForeign Direct Investment Dunning OLI OLI ParadigmDunning OLI Ownership-Specific Advantages Location Specific Advantages Internationalization
More information) Good Morning 4 In the Autumn Forest b a 3)
23 7 17 2017 Tamagawa University Research Review, 23, 7 17 (2017). 7 2 Reading English Picture Books with an Application of Non-verbal Communication at Japanese Public Elementary Schools Yumi Matsumoto
More informationuntitled
2007 2 * (i) (ii) 2006 7 1999 2 2000 8 1 (2003) Oda and Ueda (2005) 2005 Kimura and Small(2006) Iwamura, Shiratsuka and Watanabe (2006) (2006) 3 (i) (ii) (iii) 2 2 3 4 2.1 (2003) (2005) 1) (i) (ii) (i)
More informationMicrosoft Word - 荳ュ蟲カ諱オ
11 1 Porter Barney Barney Barney 2013 4 1 2004 1995 TDL 2 1998 2 2010 Porter 1980 Wernerfelt 1984 Barney 1986 Rumelt 1984 isolating mechanism Dierickx and Cool 1989 2010 1990 Praharad and Hamel 1990 Hamel
More information10 2016 5 16 1 1 Lin, P. and Saggi, K. (2002) Product differentiation, process R&D, and the nature of market competition. European Economic Review 46(1), 201 211. Manasakis, C., Petrakis, E., and Zikos,
More informationuntitled
MMRC DISCUSSION PAPER SERIES MMRC-J-7 COE 2004 3 COE E-mail: miyazaki@gbrc.jp 2004 3 ( ) (, 2003; Ulrich, 1995) (2002) 1 Langlois and Robertson (1992) (2001) (Baldwin & Clark, 2000; Sanchez, 2000; Sanchez
More information自殺の経済社会的要因に関する調査研究報告書
17 1 2 3 4 5 11 16 30,247 17 18 21,024 +2.0 6 12 13 WHO 100 14 7 15 2 5 8 16 9 10 17 11 12 13 14 15 16 17 II I 18 Durkheim(1897) Hamermesh&Soss(1974)Dixit&Pindyck(1994) Becker&Posner(2004) Rosenthal(1993)
More informationTitle Author(s) Kobe University Repository : Kernel 世界の雑貨卸売市場 : 中国義烏市の発展のメカニズム (The World Goods Wholesale Market : The Growing Mechanism of Yi-Wu City in China) 伊藤, 宗彦 / 浜口, 伸明 Citation 国民経済雑誌,204(5):15-30
More information第一次大戦後の日本における国債流通市場の制度改革
IMES DISCUSSION PAPER SERIES Discussion Paper No. 2009-J-23 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 2-1-1 http://www.imes.boj.or.jp IMES Discussion Paper Series 2009-J-23 2009
More informationTomorrow Next th draft version MEW SWET
Research Center for Price Dynamics A Research Project Concerning Prices and Household Behaviors Based on Micro Transaction Data Working Paper Series No.7 Tomorrow Next を用いた金融政策の分析 青野幸平 June 14, 2012 4th
More informationVol.8 No (July 2015) 2/ [3] stratification / *1 2 J-REIT *2 *1 *2 J-REIT % J-REIT J-REIT 6 J-REIT J-REIT 10 J-REIT *3 J-
Vol.8 No.2 1 9 (July 2015) 1,a) 2 3 2012 1 5 2012 3 24, 2013 12 12 2 1 2 A Factor Model for Measuring Market Risk in Real Estate Investment Hiroshi Ishijima 1,a) Akira Maeda 2 Tomohiko Taniyama 3 Received:
More information開発金融増刊号
4 6 Y = f (, E, Y E ( Y E = α ( E α we py α 0 β E ( ( E β ( E β 6 ( = ( α β ( E β 8 i Y i f i, E i, i 9 Y = α α ( α E α S E 0 ( β β E β E( β E β β6 ( we Y = = = α β E py E β ( β Y Y B Y A r / pr p Y
More information:
An Analysis of TV Game Market: From the viewpoints of network externalities and whole of services Masaki Matsumura, Hiroyuki Kurimoto, and Toshio Kobayashi It has been understood that a standard would
More information2 2 1 TAKEUCHI, Kenzo 1 Ramsey 1 Boiteux ICC Baumol and Bradford 3 Braeutigam 4 Winston 5 Damus 6 1 Damus 7 McFarland 8 9 Damus 7 Two- Way
2 2 1 TAKEUCHI, Kenzo 1 Ramsey 1 Boiteux 2 19701980 ICC Baumol and Bradford 3 Braeutigam 4 Winston 5 Damus 6 1 Damus 7 McFarland 8 9 Damus 7 Two- Way Access Armstrong 10 2 Vol.13 No.3 2010 Autumn 015 3
More informationVol.3.indb
123 124 Migration Policy Review 2011 Vol.3 125 126 Migration Policy Review 2011 Vol.3 127 128 Migration Policy Review 2011 Vol.3 129 130 Migration Policy Review 2011 Vol.3 131 132 Migration Policy Review
More informationuntitled
Barro Regression Does social capital improve regional economic growth? - Investigation using prefectural cross-sectional data in Japan - Abstract The purpose of this research is to empirically examine
More information中国
WTO/FTA Column Vol. 028 2004/05/17 Japan External Trade Organization International Economic Research Division ASEAN 2004 USTR NTE 2004 ASEAN * 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
More information<346B5F BC8CC389AE91E58A A AD985F8F D A967B95B62E696E6462>
3 1 2 3 4 1980 NPM 269 2017 329 Le Grand 2008 21 3 1990 voucher quasi-market Steuerle: 4 330 1869 1873 1 19 1917 70 30 Ritzen:329-330 1930 1943 1964 food stamp Steuerle: 120 1955 2 1 Friedman Foundation
More informationCHUO UNIVERSITY 3
2 CHUO UNIVERSITY 3 4 CHUO UNIVERSITY 5 6 CHUO UNIVERSITY 7 8 Journal of Economic Behavior and Orgnanization Games and Economic Behavior Journal of Comparative Economics CHUO UNIVERSITY 9 10 CHUO UNIVERSITY
More informationIMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J-17 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 100-8630 203 IMES Discussion Paper Series 99-J-17 1999 6 * JEL classification E52 E58
More information株式分割払込制度と企業金融、設備投資の関係について ─1930年代初において株式追加払込が果たした役割を中心に─
IMES DISCUSSION PAPER SERIES Discussion Paper No. 2007-J-20 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 30 http://www.imes.boj.or.jp IMES Discussion Paper Series 2007-J-20 2007
More information