Applied Approaches to Societal Institutions and Economics, 1st ed. 2017 Essays in Honor of Moriki Hosoe New Frontiers in Regional Science: Asian Perspectives Series, Vol. 18

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.

Part I: New Methodology of Game, Contract, and Law.- 1 Intrinsic Motivation and Dynamic Agency Contract.- 2 Impact of Lower Interest Rate Ceilings on the Lending Market.- 3 Ownership Structure, Tax Regime, and Dividend Smoothing.-  4 Economic Evaluation Of Japanese Attorney Fees.- 5 Fixed Payments in Production Contracts for Private Labels: An Economic Analysis of the Japanese Subcontract Act.-  6 Managers’ Window Dressing and Liability for Damages to a Stock Sales in Management Buyouts.- 7 Optimal Default Rule for Breach of Contract.- 8 How to Determine the Lending Level of the Bank to the Firm?.- 9 Incomplete Information in Repeated Coordination Games.- Part II: Economic Analysis of Government and Public Sector.- 10 Public Debt, Budget Deficits, Fertility, and Endogenous Growth.- 11 Optimal Income Tax Structure With Favoritism.- 12 Regional Agglomeration and Social Security Policies in Olg Model.- 13 Can Migration Affect the Decision of Governmental Fiscal Bailout.- 14 Delegation of Policy Tasks From Politician to the Bureaucrat.- 15 Measurement of Ideology Based On Per-Capita Vote Measurement of Ideology Based on Per-Capita Vote Versus Money Count Vote in Korea.- Part III: Applied Approaches to Current Economic Issues.- 16 Externalities of Network Formation and Economic.- 17 Environmental Policy and the Excess Entry Theorem.- 18 Bilateral Cooperation For Transboundary Pollution Problems.- 19 Social Capital, Resource Boom and Underdevelopment Traps.- 20 Quality-Improving R&D and Semi-Collusive Production Cartel in Differentiated Cournot Duopoly.-  21 Optimal Commodity Taxation with Tax Brackets Under Vertical Product Differentiation.- 22 Role of Public Support in Sports Fan Formation Processes: Approach by Cultural Transmission Model.- 23 A Comparison of National and Local Airport Management.- 24 Voting for Secession and Siting Nuisance Facilities in a Federation.- 25 Labor Standards and Export-Platform Fdi in Unionized Oligopoly.