Organization, Performance and Equity

Preface. Part I: Organizations. 1. Entry Regulations, Tax Distortions and the Bipolarized Market: The Japanese Retail Sector; K.G. Nishimura, T. Tachibana. 2. Demand Uncertainty and Distribution Systems: Information Acquisition and Transmission: Y. Sakai, K. Sasaki. 3. Oligopolistic Competition and Economic Welfare: The Effects of Ownership Structures; K. Suzumura. 4. Stackelberg Equilibrium with Private Information; S. Tsutsui. Part II: Income Distribution. 5. Intergenerational Altruism and Income Transfers: Indeterminacy of Equilibria and Its Resolution; H. Hori. 6. Optimal Intergenerational Transfers in an Endogenous Growth Model with Bequests; T. Ihori. 7. Equity in the Income Tax Rate Structure: Measurement on the Income Elasticity of Marginal Utility and its Application; M. Murakami, et al. Part III: Technological Progress. 8. Externalities and Productivity Growth: Evidence from Japanese Manufacturing; T. Honda. 9. Technological Spillovers and Capital Mobility in a Two-Country Model of Economic Growth; K. Mino. 10. Three Applications of Lie Groups; R. Sato, R. Ramachandran. Part IV: Macro Performances. 11. The Japanese Yen as an International Currency: Performance and Prospects; M. Kawai. 12. Consumption Function in the Short, Medium, and Long Runs: The Japanese and U.S. Cases; M. Ohyama, A. Maki. 13. Monetary Shock Does not Matter in Japan: A Kalman Filter Approach to Real Business Cycle Theory; Y. Ohkusa. 14. International Welfare Effects of Saving Controls and Trade Restrictions; Y. Ono, S. Ikeda.

Ryuzo Sato is a C. V. Starr Professor Emeritus of Economics at the Stern School of Business, New York University. He was director of the Center for Japan U.S. Business and Economic Studies at the Stern School. Prior to becoming a Stern faculty member, he was a professor of economics at Brown University. Professor Sato also taught at Harvard University, The University of Tokyo, Kyoto University, and Bonn University. He was the founding chief editor of Japan and the World Economy, an international theory and policy journal. For more than 40 years, Professor Sato has divided his time between Japan and the United States, and he conducts research, gives lectures, and writes on the subject of Japan U.S. relations. Professor Sato, who was a Fulbright Scholar, received his B.A. in economics and his Dr. Economics from Hitotsubashi University in Tokyo, and his Ph.D. in economics from Johns Hopkins University. His principal areas of research interest are mathematical economics and economic growth.