J-series EDP

List of all discussion papers


Series F

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

[2020]

CF-1152: Nakatani, Souta, Kiyohiko G. Nishimura, Taiga Saito and Akihiko Takahashi, "Interest Rate Model With Investor Attitude and Text Mining", May 2020.
CF-1151: Kawarazaki, Hikaru, Minhaj Mahmud, Yasuyuki Sawada and Mai Seki, "Haste Makes No Waste: Peer E ects of a Speed Competition on Math Score", May 2020.
CF-1150: Aiba, Ikuto and Yasuhiro Sato, "A Theory of Public Goods under Complementarity between Safety and Consumptions", April 2020.
CF-1149: Ikegami, Kei, Ken Onishi and Naoki Wakamori, "Induced Physician-Induced Demand", April 2020.
CF-1148: Tetsuji, Okazaki and Koji Sakai, "Capital Market Integration with Multiple Convergence Clubs: The Case of Prewar Japan", March 2020.
CF-1147: Tetsuji, Okazaki, "Impacts of the Industrial Revolution on Wages and Skills of Workers: The Silk Weaving Industry in Early Twentieth-Century Japan", March 2020.
CF-1146: Maehashi, Kohei and Mototsugu Shintani, "Macroeconomic Forecasting Using Factor Models and Machine Learning: An Application to Japan", March 2020.
CF-1145: Matsushima, Hitoshi and Shunya Noda, "Mechanism Design with Blockchain Enforcement", March 2020.
CF-1144: Fujii, Masaaki and Akihiko Takahashi, "A Mean Field Game Approach to Equilibrium Pricing with Market Clearing Condition", March 2020.
CF-1143: Matsushima, Hitoshi, "Recurrent Preemption Games", February 2020.
CF-1142: Takahashi, Akihiko and Soichiro Takahashi, "A New Interval Type-2 Fuzzy Logic System under Dynamic Environment: Application to Financial Investment", February 2020.
CF-1141: Laksá, Sanna and Daniel Marszalec, "Morning-Fresh: Declining Prices and the Right-to-Choose in a Faroese Fish Market", January 2020.
CF-1140: Kasamatsu, Satoshi and Daiki Kishishita, "Collective Reputation and Learning in Political Agency Problems", January 2020.
CF-1139: Marszalec, Daniel and María Martín-Rodríguez, "Piracy as promotion? The Importance of Diffusion in the Music Industry", January 2020.
CF-1138: Mariño III, Eduardo Anthony G. andDaniel Marszaleci, "Auction Performance, Strategic Supply Management, and Bidder Behavior in Treasury Bill Auctions: Evidence from the Philippines", January 2020.
CF-1137: Okazaki, Tetsuji, "Complementarity between Mechanization and Human Capital: How Did Machines and Educated White-Collar Workers Enhance Labor Productivity in Prewar Japanese Coal Mines?", January 2020.

[2019]

CF-1136: Nakatani, Souta, Kiyohiko G. Nishimura, Taiga Saito and Akihiko Takahashi, "Online Appendix for Interest Rate Model with Investor Attitude and Text Mining", December 2019.
CF-1135: Kamada, Yuichiro and Michihiro Kandori, "Cooperation in Revision Games and Some Applications", December 2019.
CF-1134: Okazaki, Tetsuji, Ken Onishi and Naoki Wakamori, "Compatible Mergers: Assets, Service Areas, and Market Power", December 2019.
CF-1133: Fujii, Masaaki, "Probabilistic Approach to Mean Field Games and Mean Field Type Control Problems with Multiple Populations", November 2019.
CF-1132: Nakagawa, Mariko, Yasuhiro Sato and Kazuhiro Yamamoto, "Segregation and public spending under social identification", November 2019.
CF-1131: Saito, Taiga and Akihiko Takahashi, "Interest Rate Model with Fundamental Uncertainties", November 2019.
CF-1130: Kuroishi, Yusuke and Yasuyuki Sawada, "On the Stability of Preferences: Experimental Evidence from Two Disasters", November 2019.
CF-1129: Fukasawa, Eiji, Takeshi Fukasawa and Hikaru Ogawa, "Intergovernmental Competition for Donations: The Case of the Furusato Nozei Program in Japan", October 2019.
CF-1128: Nakano, Masafumi and Akihiko Takahashi, "A New Investment Method with AutoEncoder: Applications to Cryptocurrencies", October 2019.
CF-1127: Sawada, Yasuyuki, Minhaj Mahmud, Mai Seki An Le and Hikaru Kawarazaki, "Fighting Against Learning Crisis in Developing Countries: A Randomized Experiment of Self-Learning at the Right Level", October 2019.
CF-1126: Awaya, Naoki and Yasuhiro Omori, "Particle Rolling MCMC", September 2019. 6: Awaya, Naoki and Yasuhiro Omori, "Particle Rolling MCMC", September 2019.
CF-1125:Kayaba, Yutaka, Hitoshi Matsushima and Tomohisa Toyama, "Accuracy and Retaliation in Repeated Games with Imperfect Private Monitoring: Experiments", September 2019.
CF-1124: Matsushima, Hitoshi and Shunya Noda, "Mechanism Design with General Ex-Ante Investments", September 2019.
CF-1123: Kono, Haruki and Michihiro Kandori, "Corrigendum to Crawford and Sobel (1982) "Strategic Information Transmission"", August 2019.
CF-1122: Machikita, Tomohiro and Tetsuji Okazaki, "Transition to a Modern Regime and Change in Plant Lifecycles: A Natural Experiment from Meiji Japan", August 2019.
CF-1121: Matsushima, Hitoshi, "Information Design in Blockchain: A Role of Trusted Intermediaries", June 2019.
CF-1120: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "State Space Approach to Adaptive Fuzzy Modeling for Financial Investment", June 2019.
CF-1119: Matsushima, Hitoshi, "Blockchain Disables Real-World Governance", May 2019.
CF-1118: Takasaki, Yoshito, "Disability and Poverty: Landmine Amputees in Cambodia", April 2019.
CF-1117: Yamauchi, Yuta and Yasuhiro Omori, "Multivariate Stochastic Volatility Model with Realized Volatilities and Pairwise Realized Correlations", March 2019.
CF-1116: Matsushima, Hitoshi, "Partial Ex-Post Verifiability and Unique Implementation of Social Choice Function", February 2019.
CF-1115: Matsushima, Hitoshi, "Behavioral Theory of Repeated Prisoner’s Dilemma: Generous Tit-For-Tat Strategy", February 2019.
CF-1114: Saito, Taiga and Akihiko Takahashi, "Stochastic Differential Game in High Frequency Market", February 2019.
CF-1113: Ito, Hirotake, Makiko Nakamuro and Shintaro Yamaguchi, Effects of Class-Size Reduction, On Cognitive and Non-cognitive Skills", January 2019.
CF-1112: Matsui, Akihiko and Megumi Murakami, "A Two-Stage Model of Assignment and Market", January 2019.
CF-1111: Imai, Masami, Tetsuji Okazaki and Michiru Sawada, "The Effects of Lender of Last Resort on Financial Intermediation during the Great Depression in Japan", January 2019.
CF-1110: Awaya, Naoki and Yasuhiro Omori, "Particle rolling MCMC", January 2019.
CF-1109: Hoffmann, Mathias, Tetsuji Okazaki and Toshihiro Okubo, "Branch Banking and Regional Financial Markets: Evidence from Prewar Japan ", January 2019.CF-1109: Hoffmann, Mathias, Tetsuji Okazaki and Toshihiro Okubo, "Branch Banking and Regional Financial Markets: Evidence from Prewar Japan ", January 2019.
CF-1108: Fukuda, Shin-ichi and Naoto Soma, "Inflation Target and Anchor of Inflation Forecasts in Japan", January 2019.

[2018]

CF-1107: Takasaki, Yoshito and Ryoko Sato, "Is Antenatal Care Effective? Experimental Evidence from Rural Nigeria", December 2018.
CF-1106: Higuchi, Yuki, Nobuhiko Fuwa, Kei Kajisa, Takahiro Sato and Yasuyuki Sawada, "Disaster Aid Targeting and Self-Reporting Bias: Natural Experimental Evidence from the Philippines", December 2018.
CF-1105: Hayashi, Masayoshi and Takafumi Suzuki, "Municipal Mergers and Capitalization: Evaluating the Heisei Territorial Reform in Japan", December 2018.
CF-1104: Sato, Yasuhiro and Yves Zenou, "Assimilation Patterns in Cities", December 2018.
CF-1103: Miyazawa, Kazutoshi, Hikaru Ogawa and Toshiki Tamai, "Tax Competition and Fiscal Sustainability", December 2018.
CF-1102: Saito, Taiga, Akihiko Takahashi, Noriaki Koide and Yu Ichifuji, "Application of Online Booking Data to Hotel Revenue Management", November 2018.
CF-1101: Nishimura, Kiyohiko G., Seisho Sato and Akihiko Takahashi, "Term Structure Models During the Global Financial Crisis: A Parsimonious Text Mining Approach", October 2018.
CF-1100: Sawada, Yasuyuki, Keiko Iwasaki and Toyo Ashida, "Disasters Aggravate Present Bias Causing Depression: Evidence from the Great East Japan Earthquake", October 2018.
CF-1099: Matsushima, Hitoshi, "Bank Runs and Minimum Reciprocity", October 2018.
CF-1098: Komura, Mizuki, Hikaru Ogawa and Yoshitomo Ogawa, "Optimal Taxation of Couples’ Incomes with Endogenous Bargaining Power", October 2018.
CF-1097: Okamoto, Chigusa and Yasuhiro Sato, "Impacts of High-Speed Rail Construction on Urban Agglomerations: Evidence from Kyushu in Japan", October 2018.
CF-1096: Laksá, Sanna, Daniel Marszalec and Alexander Teytelboym, "Epic Fail: How Below-Bid Pricing Backfires in Multiunit Auctions", October 2018.
CF-1095: Yamauchi, Yuta and Yasuhiro Omori, "Multivariate Stochastic Volatility Model with Realized Volatilities and Pairwise Realized Correlations", September 2018.
CF-1094: Fujii, Masaaki and Akihiko Takahashi, "Asymptotic Expansion for Forward-Backward SDEs with Jumps", September 2018.
CF-1093: Mukoyama, Toshihiko, Mototsugu Shintani and Kazuhiro Teramoto, "Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions", August 2018.
CF-1092: Fabinger, Michal and E. Glen Weyl, "Functional Forms for Tractable Economic Model and the Cost Structure of International Trade", August 2018.
CF-1091: Cheng, Yi-Ling, and Takatoshi Tabuchi, "Product Proliferation and First Mover Advantage in a Multiproduct Duopoly", August 2018.
CF-1090: Nakano, Masafumi, Akihiko Takahashi, and Soichiro Takahashi, "Bitcoin Technical Trading with Articial Neural Network", July 2018.
CF-1089: Pan, Lijun, and Takatoshi Tabuchi, "Free Trade Agreement with Endogenous Market Structure", August 2018.
CF-1088: Matsushima, Hitoshi, "Timing Games with Irrational Types: Leverage-Driven Bubbles and Crash-Contingent Claims", June 2018.
CF-1087: Saito, Taiga, and Akihiko Takahashi, "Online Supplement for “Stochastic Differential Game in High Frequency Market”", May 2018.
CF-1086: Fujii, Masaaki and Akihiko Takahashi, "Solving Backward Stochastic Differential Equations with quadratic-growth drivers by Connecting the Short-term Expansions", May 2018.
CF-1085: Hashidate, Yosuke, "Social Image Concern and Reference Point Formation", April 2018.
CF-1084: Kudoh, Noritaka, Hiroaki Miyamoto and Masaru Sasaki, "Employment and Hours over the Business Cycle in a Model with Search Frictions", April 2018.
CF-1083: Hashidate, Yosuke, "Preferences for Randomization and Anticipated Utility", April 2018.
CF-1082: Hashidate, Yosuke, "Attribute-Based Inferences in Subjective State Spaces: A Dissatisficing-Averse Utility Representation", April 2018.
CF-1081: Fukuda, Shin-ichi, Munehisa Kasuya, and Jouchi Nakajima, "The Role of Corporate Governance in Japanese Unlisted Companies", March 2018.
CF-1080: Awaya, Naoki and Yasuhiro Omori, "Particle rolling MCMC with double block sampling: conditional SMC update approach", March 2018.
CF-1079: Kojima, Yohei, "Interlinked Transactions under Tenancy System: A Case from Meiji Japan", March 2018.
CF-1078: Nakano, Masafumi, Akihiko Takahashi, and Soichiro Takahashi, "Bitcoin technical trading with artificial neural network", March 2018.
CF-1077: Matsumoto, Tomoko, and Tetsuji Okazaki, "Who Grew Rich? Anatomy and Intergenerational Dynamics of Economic Elites under Japan's Modernization", March 2018.
CF-1076: Matsushima, Hitoshi, "Framing Game Theory", February 2018
CF-1075: Kurose, Yuta, and Yasuhiro Omori, "Multiple-lock Dynamic Equicorrelations with Realized Measures, Leverage and Endogeneity", January 2018

[2017]

CF-1074: Marszalec, Daniel, "Testing the Validity of Non-Parametric Value Estimates in Treasury Bill Auctions Using Top-Up Auction Data", December 2017.
CF-1073: Okazaki, Tetsuji, Ken Onishi and Naoki Wakamori, "Excess Capacity and Effectiveness of Policy Interventions: Evidence from the Cement Industry", December 2017.
CF-1072: Matsushima, Hitoshi, "Framing Game Theory", November 2017.
CF-1071: Kasamatsu, Satoshi and Hikaru Ogawa, "International Capital Market and Repeated Tax Competition", November 2017.
CF-1070: Takasaki, Yoshito and Ryoko Sato, "Short-run Incentive and Information in Sequential Adoptions: An Antenatal Care Experiment in Rural Nigeria", October 2017.
CF-1069: Fujii, Masaaki, Akihiko Takahashi and Masayuki Takahashi, "Asymptotic Expansion as Prior Knowledge in Deep Learning Method for high dimensional BSDEs", October 2017.
CF-1068: Machikita, Tomohiro and Tetsuji Okazaki, "Market Access, Technology, and Plant Lifecycles: A Natural Experiment from Japan’s Opening to Trade in 1859", October 2017.
CF-1067: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "State Space Approach to Adaptive Fuzzy Modeling: Application to Financial Investment", October 2017.
CF-1066: Awaya, Naoki and Yasuhiro Omori, "Particle rolling MCMC with Double Block Sampling: Conditional SMC Update Approach", September 2017.
CF-1065: Saito, Taiga, Akihiko Takahashi, Noriaki Koide and Yu Ichifuji, "Optimal Overbooking Strategy in Online Hotel Booking Systems", September 2017.
CF-1064: Hayashi, Masayoshi, "Do Central Grants Affect Welfare Caseloads? Evidence from Public Assistance in Japan ", September 2017.
CF-1063: Okazaki, Tetsuji, "Development State Evolving: Japan’s Graduation from a Middle Income Country", August 2017.
CF-1062: Nakano, Masafumi, Akihiko Takahashi, Soichiro Takahashi and Takami Tokioka, "On the Effect of Bank of Japan's Outright Purchase on the JGB Yield Curve", August 2017.
CF-1061: Saito, Taiga, "Hedging and Pricing Illiquid Options with Market Impacts", August 2017.
CF-1060: Matsui, Akihiko and Megumi Murakami, "A Two Stage Model of Assignment and Market", August 2017.
CF-1059: Fukumura, Koichi, Kohei Nagamachi, Yasuhiro Sato and Kazuhiro Yamamoto, "Demographics, immigration, and market size", July 2017.
CF-1058: Matsushima, Hitoshi, "Dynamic Implementation, Verification, and Detection", July 2017.
CF-1057: Matsushima, Hitoshi and Shunya Noda, "Mechanism Design in Hidden Action and Hidden Information: Richness and Pure-VCG", July 2017.
CF-1056: Kayaba, Yutaka, Hitoshi Matsushima, and Tomohisa Toyama, "Accuracy and Retaliation in Repeated Games with Imperfect Private Monitoring: Experiments and Theory", July 2017.
CF-1055: Okazaki, Tetsuji, "Disentangling the Effects of Technological and Organizational Changes during the Rise of the Factory: The Case of the Japanese Weaving Industry, 1905-1914", July 2017.
CF-1054: Kawachi, Keisuke, Hikaru Ogawa, and Taiki Susa, "Endogenizing Government's Objectives in Tax Competition with Capital Ownership", July 2017.
CF-1053: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "Robust Technical Trading with Fuzzy Knowledge-based Systems", July 2017.
CF-1052: Saito, Taiga, Takanori Adachi, Teruo Nakatsuma, Akihiko Takahashi, Hiroshi Tsuda, and Naoyuki Yoshino, "Trading and Ordering Patterns of Market Participants in High Frequency Trading Environment--Empirical Study in the Japanese Stock Market--", June 2017.
CF-1051: Okazaki, Tetsuji, Toshihiro Okubo and Eric Strobl, "Creative Destruction of Industries: Yokohama City in the Great Kanto Earthquake, 1923", June 2017.
CF-1050: Fukuda, Shin-ichi and Mariko Tanaka, "The Impacts of Emerging Asia on Global Financial Markets", June 2017.
CF-1049: Kasahara, Hiroyuki and Katsumi Shimotsu, "Asymptotic Properties of the Maximum Likelihood Estimator in Regime Switching Econometric Models", May 2017.
CF-1047: Fujii, Masaaki and Akihiko Takahashi, "Anticipated Backward SDEs with Jumps and Quadratic-Exponential Growth Drivers", May 2017.
CF-1046: Sato, Yasuhiro and Masaaki Toma, "Transition of spatial distribution of human capital in Japan ", April 2017.
CF-1045 Kunitomo, Naoto, Daisuke Kurisu, Yusuke Amano and Naoki Awaya, "The Simultaneous Multivariate Hawkes-type Point Processes and their application to Financial Markets", April 2017.
CF-1044 Kasahara, Hiroyuki and Katsumi Shimotsu, "Testing the Order of Multivariate Normal Mixture", March 2017.
CF-1043: Adachi, Takanori and Michal Fabinger, "Multi-Dimensional Pass-Through, Incidence, and the Welfare Burden of Taxation in Oligopoly", March 2017.
CF-1042: Matsumoto, Tomoko and Tetsuji Okazaki, "Mobility and Continuity of Political Elites over Phases of Regime Change", March 2017.
CF-1041: Gokan, Yoichi, "Do Consumption Externalities Correspond to the Indivisible Tax Rates on Consumpiton?", March 2017.
CF-1040: Adachi, Takanori and Michal Fabinger, "Multi-Dimensional Pass-Through, Incidence, and the Welfare Burden of Taxation in Oligopoly", February 2017.
CF-1039: Andreoni, James, Michael Callen, Karrar Hussain, Muhammad Yasir Khan and Charles Sprenger, "Using Preference Estimates to Customize Incentives: An Application to Polio Vaccination Drives in Pakistan", February 2017.
CF-1038: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "Creating Investment Scheme with State Space Modeling", February 2017.
CF-1037: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "Fuzzy Logic-based Portfolio Selection with Particle Filtering and Anomaly Detection", February 2017.

[2016]

CF-1036: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "Generalized Exponential Moving Average (EMA) Model with Particle Filtering and Anomaly Detection", December 2016.
CF-1035: Wang, Wenming, Keisuke Kawachi and Hikaru Ogawa, "Does Equalization Transfer Enhance Partial Tax Cooperation?", December 2016.
CF-1034: Kogure, Katsuo and Yoshito Takasaki, "Conflict, Institutions, and Economic Behavior: Legacies of the Cambodian Genocide", December 2016.
CIRJE-F-1033: Kasahara, Hiroyuki, Yasuyuki Sawada and Michio Suzuki, "The Effect of Bank Recapitalization Policy on Corporate Investment: Evidence from a Banking Crisis in Japan", November 2016.
CF-1032: Fukuda, Shin-ichi and Mariko Tanaka, "Monetary Policy and Covered Interest Parity in the Post GFC Period: Evidence from the Australian Dollar and the NZ Dollar", November 2016.
CF-1031: Ogawa, Hikaru and Atsushi Yamagishi, "Ad Valorem Capital Tax Competition", November 2016.
CF-1030: Haraguchi, Junichi and Hikaru Ogawa, "Leadership in Tax Ccompetition with Fiscal Equalization Transfers", November 2016.
CF-1029: Yamauchi, Yuta and Yasuhiro Omori, "Multivariate Stochastic Volatility Model with Realized Volatilities and Pairwise Realized Correlations", November 2016.
CF-1028: Fabinger, Michal and E. Glen Weyl, “The Average-Marginal Relationship and Tractable Equilibrium Forms”, October 2016.
CF-1027: Kono, Hisaki, Yasuyuki Sawada and Abu S. Shonchoy, "DVD-based Distance-learning Program for University Entrance Exams: Experimental Evidence from Rural Bangladesh", October 2016.
CF-1026: Oshiro, Jun and Yasuhiro Sato, "Industrial Structure in Urban Accounting", October 2016.
CF-1025: Hossain, Marup, Mohammad Abdul Malek, Amzad Hossain, Hasib Reza and Shakil Ahmed, "Impact Assessment of Credit Program for Tenant Farmers in Bangladesh: Evidence from a Field Experiment", October 2016.
CF-1024: Kurose, Yuta and Yasuhiro Omori, "Multiple-block Dynamic Equicorrelations with Realized Measures, Leverage and Endogeneity", October 2016.
CF-1023: Cheng, Yi-Ling and Takatoshi Tabuchi, "Multiproduct Oligopoly and Trade Between Asymmetric Countries", September 2016.
CF-1022: Nakano, Masafumi, Akihiko Takahashi and Soichiro Takahashi, "A Return Prediction-based Investment with Particle Filtering and Anomaly Detection", September 2016.
CF-1021: Marszalec, Daniel, "The Anglo-Dutch Auction", August 2016.
CF-1020: Marszalec, Daniel, "The Impact of Auction Choice on Revenue in Treasury Bill Auctions - An Empirical Evaluation", August 2016.
CF-1019: Shirota, Shinichiro, Yasuhiro Omori, Hedibert. F. Lopes and Haixiang Piao, "Cholesky Realized Stochastic Volatility Model", August 2016.
CF-1018: Marszalec, Daniel, "Auctions For Complements - An Experimental", July 2016.
CF-1017: Fukuda, Shin-ichi, "Regional Liquidity Risk and Covered Interest Parity during the Global Financial Crisis: Evidence from Tokyo, London, and New York", June 2016.
CF-1016: Fujii, Masaaki and Akihiko Takahashi, "Solving Backward Stochastic Differential Equations by Connecting the Short-term Expansions", June 2016.
CF-1015: Matsushima, Hitoshi and Shunya Noda, "Mechanism Design in Hidden Action and Hidden Information: Richness and Pure Groves ", May 2016.
CF-1014: Aiura, Hiroshi and Hikaru Ogawa, "Indirect Taxes in the Cross-border Shopping Model: A Monopolistic Competition Approach", May 2016.
CF-1013: Saito, Taiga and Akihiko Takahashi, "Derivatives Pricing with Market Impact and Limit Order Book", May 2016.
CF-1012: Morita, Tadashi, Yasuhiro Sato and Kazuhiro Yamamoto, "Demographics and Tax Competition in Political Economy", May 2016.
CF-1011: Okazaki, Tetsuji, "Income Distribution in Prewar Japan", April 2016.
CF-1010: Fukui, Takaya, Seisho Sato, and Akihiko Takahashi, "Style Analysis with Particle Filtering and Generalized Simulated Annealing", April 2016.
CF-1009: Takahashi, Akihiko and Toshihiro Yamada, "An Asymptotic Expansion for Forward-Backward SDEs: A Malliavin Calculus Approach", April 2016.
CF-1008: Takahashi, Akihiko and Yukihiro Tsuzuki, "Rebalancing Static Super-Replications", April 2016.
CF-1007 Shiraya, Kenichiro and Akihiko Takahashi, "A General Control Variate Method for Multi-dimensional SDEs: An Application to Multi-asset Options under Local Stochastic Volatility with Jumps Models in Finance" March 2016.
CF-1006 Okazaki, Tetsuji and Michiru Sawada, "Measuring the extent and implications of corporate political connections in prewar Japan", March 2016.
CF-1005 Inaba, Masaru and Keisuke Otsu, "Regional Business Cycle and Growth Features of Japan", March 2016.
CF-1004 Kayaba, Yutaka, Hitoshi Matsushima and Tomohisa Toyama, "Accuracy and Retaliation in Repeated Games with Imperfect Private Monitoring:Experiments and Theory ", March 2016.
CF-1003 Saito, Taiga, Akihiko Takahashi and Hiroshi Tsuda, "Optimal Room Charge and Expected Sales under Discrete Choice Models with Limited Capacity", March 2016.
CF-1002 Sato, Ryoko and Yoshito Takasaki, "Peer Effects on Vaccination: Experimental Evidence from Rural Nigeria", March 2016.
CF-1001 Onishi, Ken, Naoki Wakamori, Chiyo Hashimoto and Shun-ichiro Bessho, "The Welfare Consequences of Free Entry in Vertical Relationships: The Case of the MRI Market", February 2016.
CF-1000 Fujii, Masaaki and Akihiko Takahashi, "A General Framework for the Benchmark pricing in a Fully Collateralized Market", February 2016.
CF-999 Egorov, Konstantin and Michal Fabinger, "Reputational Effects in Sovereign Default", January 2016.

[2015]

CF-998 Shiraya, Kenichiro and Akihiko Takahashi, "An Asymptotic Expansion for Local-Stochastic Volatility with Jump Models", December 2015.
CF-997 Fujii, Masaaki and Akihiko Tkahashi, "Quadratic-exponential Growth BSDEs with Jumps and Their Malliavin’s Differentiability", December 2015.
CF-996 Kunitomo, Naoto and Daisuke Kurisu, "Effects of Jumps and Small Noise in High-Frequency Financial Econometrics", November 2015.
CF-995 Ito, Tsubasa and Tatsuya Kubokawa, "Linear Ridge Estimator of High-Dimensional Precision Matrix Using Random Matrix Theory", November 2015.
CF-994 Hannah, Leslie, "Rethinking Corporate Finance Fables: Did the US Lag Europe before 1914?", October 2015.
CF-993 Fujii, Masaaki and Akihiko Takahashi, "Asymptotic Expansion for Forward-Backward SDEs with Jumps", October 2015.
CF-992 Kiyota, Kozo and Tetsuji Okazaki, "Assessing the Effects of Japanese Industrial Policy Change during the 1960s", October 2015.
CF-991 Matsushima, Hitoshi, "Implementation, Verification, and Detection", September 2015.
CF-990 Arai, Yoichi and Hidehiko Ichimura, "Optimal Bandwidth Selection for the Fuzzy Regression Discontinuity Estimator", September 2015.
CF-989 Weese, Eric, Masayoshi Hayashi and Masashi Nishikawa, “Inefficiency and Self-Determination: Simulation-based Evidence from Meiji Japan”, August 2015.
CF-988 Fujii, Masaaki and Akihiko Takahashi, "Choice of Collateral Currency Updated--A market model for the benchmark pricing-- ", August 2015.
CF-987 Mahmud, Minhaj and Yasuyuki Sawada, “Happiness in Life Domains: Evidence from Bangladesh Based on Parametric and Non-Parametric Models”, August 2015.
CF-986 Mahmud, Minhaj and Yasuyuki Sawada, “Infrastructure and Well-being: Employment Effects of Jamuna Bridge in Bangladesh”, August 2015.
CF-985 Ichimura, Hidehiko and Whitney K. Newey, "The Influence Function of Semiparametric Estimators ", August 2015.
CF-984 Arai, Yoichi and Hidehiko Ichimiura, "Simultaneous Selection of Optimal Bandwidths for the Sharp Regression Discontinuity Estimator", July 2015.
CF-983 Sato, Ryoko and Yoshito Takasaki, "Psychic vs. Economic Barriers to Vaccine Take-up: Evidence from a Field Experiment in Nigeria", July 2015.
CF-982 Tamae, Hiromasa and Tatsuya Kubokawa, "Small Area Predictors with Dual Shrinkage of Means and Variances", July 2015.
CF-981 Okazaki, Tetsuji, "What Did Corporate Executives, Outside Directors, and Large Shareholders Really Do? Corporate Governance of Tokyo Marine Insurance and Taisho Marine and Fire Insurance", July 2015.
CF-980 Shiraya, Kenichiro and Akihiko Takahashi, ,"Pricing Average and Spread Options under Local-Stochastic Volatility Jump-Diffusion Models", July 2015
CF-979 Shirota, Shinichiro, Yasuhiro Omori,Hedibert. F. Lopes and Haixiang Piao, "Cholesky Realized Stochastic Volatility Model", July 2015.
CF-978 Sugasawa, Shonosuke and Tatsuya Kubokawa, "Heteroscedastic Nested Error Regression Models with Variance Functions", June 2015.
CF-977 Kunitomo, Naoto and Seisho Sato, "Trend, Seasonality and Economic Time Series:the Nonstationary Errors-in-variables Models ", June 2015.
CF-976 Takahashi, Akihiko and Toshihiro Yamada, "An Asymptotic Expansion of Forward-Backward SDEs with a Perturbed Driver", May 2015.
CF-975 Takahashi, Makoto, Toshiaki Watanabe, and Yasuhiro Omori, "Volatility and Quantile Forecasts by Realized Stochastic Volatility Models with Generalized Hyperbolic Distribution", May 2015.
CF-974 Ohashi, Hiroshi and Yuta Toyama, "The Effects of Domestic Mergers on Exports: A Case Study of the 1998 Korean Automobile Industry", May 2015.
CF-973 Shiraya, Kenichiro and Akihiko Takahashi, "An Approximation Formula for Basket Option Prices under Local Stochastic Volatility with Jumps: an Application to Commodity Markets", May 2015.
CF-972 Okazaki, Tetsuji, "Bank Behavior in Regional Finance and the Development of Regional Industries: The Case of Prewar Fukushima, Japan", May 2015.
CF-971: Kawakubo, Yuki, Tatsuya Kubokawa and Muni S. Srivastava, "A Variant of AIC Using Bayesian Marginal Likelihood", April 2015.
CF-970: Ikeda, Yuki, Tatsuya Kubokawa and Muni S. Srivastava, "Comparison of Linear Shrinkage Estimators of a Large Covariance Matrix in Normal and Non-normal Distributions", March 2015.
CF-969 Fukuda, Shin-ichi, "Abenomics: Why Was It So Successful in Changing Market Expectations?", March 2015.
CF-968 Nakajima, Kentaro and Tetsuji Okazaki, "The Expanding Empire and Spatial Distribution of Economic Activities: The Case of the Colonization of Korea by Japan in the Prewar Period", March 2015.
CF-967 Fukuda, Shin-ichi and Tsutomu Doita, "Unconventional Monetary Policy and its External Effects: Evidence from Japan’s Exports", March 2015.
CF-966 Hannah, Leslie and Makoto Kasuya, "Twentieth Century Enterprise Forms: Japan in Comparative Perspective", March 2015.
CF-965 Kunitomo, Naoto, Hiroumi Misaki and Seisho Sato, "The SIML Estimation of Integrated Covariance and Hedging Coefficient under Round-off Errors, Micro-market Price Adjustments and Random Sampling", March 2015.
CF-964 Sato, Seisho and Naoto Kunitomo, "A Robust Estimation of Integrated Volatility under Round-off Errors, Micro-market Price Adjustments and Noises", March 2015.
CF-963 Masaaki, Fujii, "Optimal Position Management for a Market Maker with Stochastic Price Impacts", March 2015.
CF-962 Abe, Makoto, "Deriving Customer Lifetime Value from RFM Measures:Insights into Customer Retention and Acquisition", March 2015.
CF-961 Goto, Jun, Yasuyuki Sawada, Takeshi Aida and Keitaro Aoyagi, "Incentives and Social Preferences: Experimental Evidence from a Seemingly Inefficient Traditional Labor Contract ", March 2015.
CF-960 Matsushima, Hitoshi, "Connected Price Dynamics with Revealed Preferences and Auctioneer's Discretion in VCG Combinatorial Auction ", February 2015.
CF-959 Yoshikawa, Hiroshi, Hideaki Aoyama, Yoshi Fujiwara and Hiroshi Iyetomi, "Deflation/Inflation Dynamics: Analysis based on Micro Prices", February 2015
CF-958 Ikeda, Yuki and Tatsuya Kubokawa, "Linear Shrinkage Estimation of Large Covariance Matrices with Use of Factor Models", February 2015.
CF-957 Sugasawa, Shonosuke and Tatsuya Kubokoawa, "Box-Cox Transformed Linear Mixed Models for Positive-Valued and Clustered Data", February 2015.
CF-956 Isogawa, Daiya, Kohei Nishikawa and Hiroshi Ohashi, "Innovation Height and Firm Performance:Using Innovation Survey from Japan ", February 2015.
CF-955 Matsushima, Hitoshi, "Optimal Mechanism Design: Type-Independent Preference Orderings", February 2015.
CF-954 Fujii, Masaaki and Akihiko Takahashi, "Perturbative Expansion Technique for Non-linear FBSDEs with Interacting Particle Method", January 2015.
CF-953 Kurose, Yuta and Yasuhiro Omori, "Dynamic Equicorrelation Stochastic Volatility", January 2015.
CF-952 Nakajima, Jouchi, Tsuyoshi Kunihama and Yasuhiro Omori, "Bayesian Modeling of Dynamic Extreme Values: Extension of Generalized Extreme Value Distributions with Latent Stochastic Processes", January 2015.


[2014]

CF-951 Hayashi, Masayoshi and Wataru Yamamoto, "Information Sharing, Neighborhood Demarcation, and Yardstick Competition: An Empirical Analysis of Intergovernmental Expenditure Interaction in Japan", December 2014.
CF-950 Takahashi, Akihiko, "Asymptotic Expansion Approach in Finance", December 2014.
CF-949 Takahashi, Makoto, Toshiaki Watanabe and Yasuhiro Omori, "Volatility and Quantile Forecasts by Realized Stochastic Volatility Models with Generalized Hyperbolic Distribution", December 2014.
CF-948 Hayashi, Masayoshi and Akiko Oyama, "Factor Decomposition of Inter-prefectural Health Care Expenditure Disparities in Japan", December 2014.
CF-947 Shiraya, Kenichiro and Akihiko Takahashi, "Price Impacts of Imperfect Collateralization", November 2014.
CF-946 Okazaki, Tetsuji and Michiru Sawada, "Measuring the Extent and Implications of Corporate Political Connections in Prewar Japan", November 2014.
CF-945 Braguinsky, Serguey, Atsushi Ohyama, Tetsuji Okazaki and Chad Syverson, "Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry", October 2014.
CF-944 Kawakubo, Yuki, Shonosuke Sugasawa and Tatsuya Kubokawa, "Conditional AIC under Covariate Shift with Application to Small Area Prediction", October 2014.
CF-943 Ohishi, Yuko and Yasuhiro Omori, "Bayesian Estimation of Entry Games with Multiple Players and Multiple Equilibria", October 2014.
CF-942 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "A Discrete/Continuous Choice Model on a Nonconvex Budget Set", September 2014.
CF-941 Kurose, Yuta and Yasuhiro Omori, "Dynamic Equicorrelation Stochastic Volatility", September 2014.
CF-940 Kinjo, Keita and Shinya Sugawara, "An Empirical Analysis for a Case-based Decision to Watch Japanese TV dramas", September 2014.
CF-939 Kubokawa, Tatsuya, Shonosuke Sugasawa, Malay Ghosh and Sanjay Chaudhuri, "Prediction in Heteroscedastic Nested Error Regression Models with Random Dispersions", August 2014.
CF-938 Ishihara, Tsunehiro, Yasuhiro Omori and Manabu Asai, "Matrix Exponential Stochastic Volatility with Cross Leverage", August 2014.
CF-937 Tsukuma, Hisayuki and Tatsuya Kubokawa, "Unified Improvements in Estimation of a Normal Covariance Matrix in High and Low Dimesionss", August 2014.
CF-936 Kubokawa, Tatsuya, Éric Marchand and William E. Strawderman, "On Improved Shrinkage Estimators for Concave Loss", July 2014.
CF-935 Kubokawa, Tatsuya, Éric Marchand and William E. Strawderman, "On Predictive Density Estimation for Location Families under Integrated L2 andL1 Losses", July 2014.
CF-934 Sugasawa, Shonosuke and Tatsuya Kubokawa, "On Conditional Mean Squared Errors of Empirical Bayes Estimators in Mixed Models with Application to Small Area Estimation", June 2014.
CF-933 Srivastava, Muni S., Hirokazu Yanagihara and Tatsuya Kubokawa, "Tests for Covariance Matrices in High Dimension with Less Sample Size", June 2014.
CF-932 Ishihara, Tsunehiro, Yasuhiro Omori and Manabu Asai, "Matrix Exponential Stochastic Volatility with Cross Leverage", May 2014.
CF-931 Fujii, Masaaki, "A Polynomial Scheme of Asymptotic Expansion for Backward SDEs and Option pricing", May 2014.
CF-930 Tsukuma, Hisayuki and Tatsuya Kubokawa, "Estimation of the Mean Vector in a Singular Multivariate Normal Distribution", April 2014.
CF-929 Sugasawa, Shonosuke and Tatsuya Kubokawa, "Estimation and Prediction Intervals in Transformed Linear Mixed Models", April 2014.
CF-928 Kandori, Michihiro and Shinya Obayashi, "On the Mechanics of Human Cooperation: An OLG Repeated Game in a Community Union", April 2014.
CF-927 Arai, Yoichi and Hidehiko Ichimura, "Simultaneous Selection of Optimal Bandwidths for the Sharp Regression Discontinuity Estimator", March 2014.
CF-926 Tsukuma, Hisayuki and Tatsuya Kubokawa, "A Unified Approach to Estimating a Normal Mean Matrix in High and Low Dimensions", March 2014.
CF-925 Myojo, Satoshi and Hiroshi Ohashi, "Effects of Consumer Subsidies for Renewable Energy on Industry Growth and Welfare: Japanese Solar Energy", March 2014.
CF-924 Sugawara, Shinya and Jiro Nakamura, "Can Formal Elderly Care Stimulate Female Labor Supply? The Japanese Experience", March 2014.
CF-923 Shoji, Masahiro, "Channels of Peer Effects and Guilt Aversion in Crime: Experimental and Empirical Evidence from Bangladesh", February 2014.
CF-922 Mochida, Nobuki, "Does Local Spending Have Repercussion from Tax Structure? -Evidence from Japan-", February 2014.
CF-921 Takahashi, Makoto, Toshiaki Watanabe and Yasuhiro Omori, "Volatility and Quantile Forecasts by Realized Stochastic Volatility Models with Generalized Hyperbolic Distribution", February 2014.
CF-920 Ihori, Toshihiro, "Commitment, Deficit Ceilin g, and Fiscal Privilege", February 2014.
CF-919 Baba, Satoshi, "Urban Land Policy in Frankfurt am Main at the Turn of the Twentieth Century: A Case Study of a German 'Social City'", February 2014.
CF-918 Ghosh, Malay, Tatsuya Kubokawa and Yuki Kawakubo, "Benchmarked Empirical Bayes Methods in Multiplicative Area-level Models with Risk Evaluation", January 2014.
CF-917 Takahashi, Akihiko and Yukihiro Tsuzuki, "A New Improvement Scheme for Approximation Methods of Probability Density Functions", February 2014.
CF-916 Sugawara, Shinya and Jiro Nakamura, "Incentive for Gatekeepers and Their Demand Inducement: An Empirical Analysis of Care Managers in the Japanese Long-Term Care Insurance", January 2014.
CF-915 Tabuchi, Takatoshi, Jacques-François Thisse and Xiwei Zhu, "Technological Progress and Economic Geography", January 2014.
CF-914 Fujii, Masaaki and Akihiko Takahashi, "Optimal Hedging for Fund & Insurance Managers with Partially Observable Investment Flows", January 2014.
CF-913 Shiraya, Kenichiro and Akihiko Takahashi, "Pricing Basket Options under Local Stochastic Volatility with Jumps", January 2014.


[2013]

CF-912 Bessho, Shun-ichiro and Masayoshi Hayashi, "Intensive Margins, Extensive Margins, and the Spousal Allowances in the Japanese System of Personal Income Taxes: A Discrete Choice Analysis", December 2013.
CF-911 Sugasawa, Shonosuke and Tatsuya Kubokawa, "Parametric Transformed Fay-Herriot Model for Small Area Estimation", December 2013.
CF-910 Hayashi, Masayoshi, "On the Decomposition of Regional Stabilization and Redistribution", December 2013.
CF-909 Takahashi, Akihiko and Toshiaki Yamada, "A Weak Approximation with Asymptotic Expansion and Multidimensional Malliavin Weights", December 2013.
CF-908 Sugawara, Shinya, "Firm-driven Management for Longevity Risk: Analysis of Lump-sum Forward Payments in Japanese Nursing Homes", November 2013.
CF-907 Kurose, Yuta and Yasuhiro Omori, "Dynamic Equicorrelation Stochastic Volatility", November 2013.
CF-906 Kubokawa, Tatsuya and Muni S. Srivastava, "Optimal Ridge-type Estimators of Covariance Matrix in High Dimension", October 2013.
CF-905 Matsushima, Hitoshi, "Role of Credit Default Swap in Bubbles and Crashes", October 2013.
CF-904 Ishihara, Tsunehiro, Yasuhiro Omori and Manabu Asai, "Matrix Exponential Stochastic Volatility with Cross Leverage", September 2013.
CF-903 Miwa, Yoshiro, "Do Wild Fluctuations in Quarterly Inventory Investment Data Matter?: A Study of Japanese GDP Statistics, 1994-2010", September 2013.
CF-902 Takahashi, Akihiko and Toshihiro Yamada, "On an Asymptotic Expansion of Forward-Backward SDEs with a Perturbed Driver", September 2013.
CF-901 Kubokawa, Tatsuya, "General Dominance Properties of Double Shrinkage Estimators for Ratio of Positive Parameters", September 2013.
CF-900 Okazaki, Tetsuji, "Strategies and Organizations for Managing "Greater East Asia Co-Prosperity Sphere"", September 2013.
CF-899 Okazaki, Tetsuji, "Development and Management of Manchurian Economy under the Japan Empire", August 2013.
CF-898 Naoi, Megumi and Tetsuji Okazaki, "Political Economy of Trade Liberalization: The Case of Postwar Japan", July 2013.
CF-897 Takahashi, Akihiko and Toshihiro Yamada, "On Error Rates for Expansions in Stochastic Volatility Model", July 2013.
CF-896 Kamiya, Kazuya and Meg Adachi-Sato, "Multiperiod Contract Problems with Verifiable and Unverifiable Outputs", July 2013.
CF-895 Kawakubo, Yuki and Tatsuya Kubokawa, "Modfiied Conditional AIC in Linear Mixed Models", July 2013.
CF-894 Ueda, Kazuo, "The Response of Asset Prices to Monetary Policy under Abenomics", July 2013.
CF-893 Kunitomo, Naoto and Hiroumi Misaki, "The SIML Estimation of Integrated Covariance and Hedging Coefficient under Micro-market noise and Random Sampling", June 2013.
CF-892 Misaki, Hiroumi and Naoto Kunitomo, "On Robust Properties of the SIML Estimation of Volatility under Micro-market noise and Random", June 2013.
CF-891 Fujii, Masaaki and Akihiko Takahashi, "Making Mean-Variance Hedging Implementable in a Partially Observable Market", June 2013.
CF-890 Adachi-Sato, Meg, "Incentive Pay that Causes Inefficient Managerial Replacement", June 2013.
CF-889 Arai, Yoichi and Hidehiko Ichimura, "Optimal Bandwidth Selection for Differences of Nonparametric Estimators with an Application to the Sharp Regression Discontinuity Design", June 2013.
CF-888 Sugawara, Shinya, "Is Elderly Care Socialized in Japan? Analyzing the Effects of the 2006 Amendment to the LTCI on the Female Labor Supply", May 2013.
CF-887 Sugawara, Shinya, "An Interval Regression Analysis for Tenures of Japanese Elder Care Workers Using Matched Employer-Employee Data", April 2013.
CF-886 Nagamachi, Kohei, "Task Trade and the Size Distribution of Cities", April 2013.
CF-885 Ueda, Kazuo, "The Response of Asset Prices to Abenomics: Is It a Case of Self-Fulfilling Expectations?", April 2013.
CF-884 Kojima, Masahiro and Tatsuya Kubokawa, "Bartlett Adjustments for Hypothesis Testing in Linear Models with General Error Covariance Matrices", April 2013.
CF-883 Fujii, Masaaki, "Momentum-Space Approach to Asymptotic Expansion for Stochastic Filtering", March 2013.
CF-882 Sugawara, Shinya and Yasuhiro Omori, "An Econometric Analysis of Insurance Markets with Separate Identification for Moral Hazard and Selection", March 2013.
CF-881 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "A Discrete/Continuous Choice Model on the Nonconvex Budget Set", March 2013.
CF-880 Shirota, Shinichiro, Takayuki Hizu and Yasuhiro Omori, "Realized Stochastic Volatility with Leverage and Long Memory", March 2013.
CF-879 Matsushima, Hitoshi, Tomomi Tanaka and Tomohisa Toyama, "Behavioral Approach to Repeated Games with Private Monitoring", March 2013.
CF-878 Hannah, Leslie, "A Global Census of Corporations in 1910", February 2013.
CF-877 Hannah, Leslie, "The Corporate Economies of America and Europe 1790-1860", February 2013.
CF-876 Matsushima, Hitoshi, "Impact of Financial Regulation and Innovation on Bubbles and Crashes due to Limited Arbitrage: Awareness Heterogeneity", February 2013.
CF-875 Matsushima, Hitoshi, "Interlinkage and Generous Tit-for-Tat Strategy", February 2013.
CF-874 Akihiko Takahashi and Yukihiro Tsuzuki, "A New Improvement Scheme for Approximation Methods of Probability Density Functions", January 2013.
CF-873 Kato, Takashi, Akihiko Takahashi and Toshihiro Yamada, "An Asymptotic Expansion Formula for Up-and-Out Barrier Option Price under Stochastic Volatility Model", January 2013.



[2012]

CF-872 Hyodo, Masashi and Tatsuya Kubokawa, "A Variable Selection Criterion for Linear Discriminant Rule and its Optimality in High Dimensional Setting", December 2012.
CF-871 Fujii, Masaaki, Seisho Sato and Akihiko Takahashi, "An FBSDE Approach to American Option Pricing with an Interacting Particle Method", November 2012.
CF-870 Matsushima, Hitoshi, "Process Manipulation in Unique Implementation", November 2012.
CF-869 Shirota, Shinichiro, Takayuki Hizu and Yasuhiro Omori, "Realized Stochastic Volatility with Leverage and Long Memory", November 2012.
CF-868 Nagamachi, Kohei, "Comparative Advantage and Skill Premium of Regions", November 2012.
CF-867 Kasahara, Hiroyuki and Katsumi Shimotsu, "Testing the Number of Components in Finite Mixture Models", November 2012.
CF-866 Kasahara, Hiroyuki and Katsumi Shimotsu, "Nonparametric Identification and Estimation of the Number of Components in Multivariate Mixtures", October 2012.
F-865 Takahashi, Akihiko and Toshihiro Yamada, "An Asymptotic Expansion for Forward-Backward SDEs: A Malliavin Calculus Approach", October 2012.
CF-864 Foreman-Peck, James and Leslie Hannah, "Some Consequences of the Early Twentieth Century Divorce of Ownership from Control", October 2012.
CF-863 Fukuda, Shin-ichi, "Infrequent Changes of the Policy Target: Robust Optimal Monetary Policy under Ambiguity", September 2012.
CF-862 Miwa, Yoshiro, "How Strongly Do "Financing Constraints" Affect Firm Behavior?: Japanese Corporate Investment since the Mid-1980s", September 2012.
CF-861 Kubokawa, Tatsuya, Mana Hasukawa and Kunihiko Takahashi, "On Measuring Uncertainty of Benchmarked Predictors with Application to Disease Risk Estimate", September 2012.
CF-860 Takahashi, Akihiko and Masashi Toda, "Note on an Extension of an Asymptotic Expansion Scheme", September 2012.
CF-859 Matsushima, Hitoshi, "Role of Leverage in Bubbles and Crashes", September 2012.
CF-858 Tsukuma, Hisayuki and Tatsuya Kubokawa, "Minimaxity in Estimation of Restricted and Non-restricted Scale Parameter Matrices", September 2012.
CF-857 Matsushijma, Hitoshi, "Behavioral Aspects of Arbitrageurs in Timing Games of Bubbles and Crashes", August 2012.
CF-856 Sudo, Nao, Michio Suzuki and Tomoaki Yamada, "Inequalities in Japanese Economy during the Lost Decades", July 2012.
CF-855 Kubokawa, Tatsuya and Akira Inoue, "Estimation of Covariance and Precision Matrices in High Dimension", July 2012.
CF-854 Tabuchi, Takatoshi, "Are NEG Models Capable of Simulating Agglomeration in the Real World?", June 2012.
CF-853 Matsushima, Hitoshi, "Optimal Multiunit Exchange Design", May 2012.
CF-852 Hayashi, Masayoshi, "Congestion, Technical Returns, and the Minimum Efficient Scales of Local Public Expenditures: An Empirical Analysis for Japanese Cities", May 2012.
CF-851 Okazaki, Tetsuji, "Productivity Change and Mine Dynamics: The Coal Industry in Japan during World War II", May 2012.
CF-850 Lin, Ching-Yang and Hiroaki Miyamoto, "Estimating a Search and Matching Model of the Aggregate Labor Market in Japan", April 2012.
CF-849 Sugawara, Shinya and Yasuhiro Omori, "An Econometric Analysis of Insurance Markets with Separate Identification for Moral Hazard and Selection Problems", April 2012.
CF-848 Bessho, Shun-ichiro and Masayoshi Hayashi, "Should the Japanese Tax System Be More Progressive? An Evaluation Using Simulated SMCFs Based on the Discrete Choice Model of Labor Supply", April 2012.
CF-847 Hayashi, Masayoshi, "Channels of Stabilization in a System of Local Public Health Insurance: The Case of the National Health Insurance in Japan", April 2012.
CF-846 Hayashi, Masayoshi, "Forecasting Welfare Caseloads: The Case of the Japanese Public Assistance Program", April 2012.
CF-845 Kurose, Yuta and Yasuhiro Omori, "Bayesian Analysis of Time-Varying Quantiles Using a Smoothing Spline", March 2012.
CF-844 Shiraya, Kenichiro and Akihiko Takahashi, "Pricing Multi-Asset Cross Currency Options", March 2012.
CF-843 Kubokawa, Tatsuya, Éric Marchand, William E. Strawderman and Jean-Philippe Turcotte, "Minimaxity in Predictive Density Estimation with Parametric Constraints", March 2012.
CF-842 Takahashi, Akihiko and Toshihiro Yamada, "A Remark on Approximation of the Solutions to Partial Differential Equations in Finance", February 2012.
CF-841 Kato, Takashi, Akihiko Takahashi and Toshihiro Yamada, "A Semi-group Expansion for Pricing Barrier Options", February 2012.
CF-840 Fujii, Masaaki and Akihiko Takahashi, "Perturbative Expansion of FBSDE in an Incomplete Market with Stochastic Volatility", February 2012.
CF-839 Li, Kui-Wai, "Analyzing the Kuznets Relationship using Nonparametric and Semiparametric Methods", January 2012.
CF-838 Hirano, Tomohiro and Noriyuki Yanagawa, "Asset Bubbles and Bailout", January 2012.
CF-837 Henry, Marc, Romuald Méango and Maurice Queyranne, "Combinatorial Bootstrap Inference in Partially Identified Incomplete Structural Models", January 2012.
CF-836 Charpentier, Arthur, Alfred Galichon and Marc Henry, "Local Utility and Multivariate Risk Aversion", January 2012.
CF-835 Henry, Marc and Ismael Mourifié, "Sharp Bounds in the Binary Roy Model", January 2012.
CF-834 Doi, Naoshi and Hiroshi Ohashi, "Empirical Analysis of the National Treatment Obligation Under the WTO: The Case of Japanese Shochu", January 2012.
CF-833 Sekiguchi, Yohei, "A Characterization of the Plurality Rule", January 2012.
CF-832 Kubokawa, Tatsuya, "Mixed Effects Prediction under Benchmarking and Applications to Small Area Estimation", January 2012.



[2011]

CF-831 Srivastava, Muni S. and Tatsuya Kubokawa, "Tests for Multivariate Analysis of Variance in High Dimension Under Non-Normality", December 2011.
CF-830 Gerlach, Petra, Robert N McCauley and Kazuo Ueda, "Currency intervention and the global portfolio balance effect: Japanese and Swiss lessons, 2003-2004 and 2009-2010", December 2011.
CF-829 Fujii, Masaaki and Akihiko Takahashi, "Clean Valuation Framework for the USD Silo –An implication for the forthcoming Standard Credit Support Annex (SCSA)–", December 2011..
CF-828 Ueda, Kazuo, "Deleveraging and Monetary Policy: Japan since the 1990s and the United States since 2007", December 2011.
CF-827 Yoshikawa, Hiroshi, "Stochastic Macro-equilibrium and A Microfoundation for the Keynesian Economics", December 2011.
CF-826 Matsushima, Hitoshi, "Efficient Combinatorial Exchanges", November 2011.
CF-825 Kamiya, Kazuya and Meg Adachi-Sato, "A Dynamic Multitask Model: Fixed Wage Contracts and Effort Allocation Problems", November 2011.
CF-824 Takahashi, Akihiko and Toshihiro Yamada, "An Asymptotic Expansion with Push-Down of Malliavin Weights", November 2011.
CF-823 Hirano, Toshihiro and Yoshihiro Yajima, "Covariance Tapering for Prediction of Large Spatial Data Sets in Transformed Random Fields", October 2011.
CF-822 Henry, Marc and Ismael Mourifié, "Euclidean Revealed Preferences: Testing the Spatial Voting Model", October 2011.
CF-821 Henry, Marc and Alexei Onatski, "Set Coverage and Robust Policy", October 2011.
CF-820 Mourifié, Ismael and Marc Henry, "Set Inference in Latent Variables Models", October 2011.
CF-819 Fukuda, Shin-ichi and Junji Yamada, "Stock Price Targeting and Fiscal Deficit in Japan: Why Did the Fiscal Deficit Increase . during Japan's Lost Decades?", October 2011.
CF-818 Kubokawa, Tatsuya, Masashi Hyodo and Muni S. Srivastava, "Asymptotic Expansion and Estimation of EPMC for Linear Classification Rules in High Dimension", September 2011.
CF-817 Bessho, Shun-ichiro and Masayoshi Hayashi, "Estimating the Social Marginal Cost of Public Funds: A Micro-data Approach", September 2011.
CF-816 Hayashi, Masayoshi, "The Effects of Medical Factors on Transfer Deficits in Public Assistance in Japan: A Quantile Regression Analysis", August 2011.
CF-815 Takahashi, Akihiko and Toshihiro Yamada, "On Approximation of the Solutions to Partial Differential Equations in Finance", August 2011.
CF-814 Ueda, Kazuo, "The Effectiveness of Non-traditional Monetary Policy Measures: The Case of the Bank of Japan", August 2011.
CF-813 Nakamura, Tsuyoshi and Hiroshi Ohashi, "Effects of Re-invention on Industry Growth and Productivity: Evidence from Steel Refining Technology in Japan, 1957-68", August 2011.
CF-812 Ishihara, Tsunehiro, Yasuhiro Omori and Manabu Asai, "Matrix Exponential Stochastic Volatility with Cross Leverage", August 2011.
CF-811 Mossay, Pascal and Takatoshi Tabuchi, "Preferential Trade Agreements Harm the Third Countries", August 2011.
CF-810 Mori, Kohta, Saki Sugano, Joe Chen, Yun Jeong Choi and Yasuyuki Sawada, "A Note on the Decomposition Technique of Economic Indices", July 2011.
CF-809 Kubokawa, Tatsuya and William E. Strawderman, "Admissibility and Minimaxity of Benchmarked Shrinkage Estimators", July 2011.
CF-808 Miwa, Yoshiro, "Are Japanese Firms Becoming More Independent from Their Banks?: Evidence from the Firm-Level Data of the "Corporate Enterprise Quarterly Statistics," 1994-2009", July 2011.
CF-806 Matsushima, Hitoshi, "Price-Based Combinatorial Auction: Connectedness and Representative Valuations", July 2011.
CF-805 Okazaki, Tetsuji and Michiru Sawada, "Interbank Networks in Prewar Japan: Structure and Implications", July 2011.
CF-804 Hayashi, Masayoshi, "Does the Employment of Fewer Caseworkers Lead to the Rationing of Caseloads? Evidence from Public Assistance in Japan", June 2011.
CF-803 Sato, Seisho and Naoto Kunitomo, "A Robust Estimation of Realized Volatility and Covariance with Micro-market Adjustments and Round-off Errors", June 2011.
CF-802 Fujii, Masaaki and Akihiko Takahashi, "Analytical Approximation for Non-linear FBSDEs with Perturbation Scheme", June 2011.
CF-801 Kubokawa, Tatsuya and Bui Nagashima, "Parametric Bootstrap Methods for Bias Correction in Linear Mixed Models", April 2011.
CF-800 Kamiya, Kazuya and Meg Sato, "Multi-period Contract Problems with Verifiable and Unverifiable Outputs", April 2011.
CF-799 Fujii, Masaaki and Akihiko Takahashi, "Collateralized CDS and Default Dependence -Implications for the Central Clearing-", April 2011.
CF-798 Kurose, Yuta and Yasuhiro Omori, "Bayesian Analysis of Stochastic Quantiles Using a Smoothing Spline", April 2011.
CF-797 Sugawara, Shinya and Yasuhiro Omori, "Duopoly in the Japanese Airline Market: Bayesian Estimation for the Entry Game", April 2011.
CF-796 Takahashi, Akihiko and Yukihiro Tsuzuki, "Rebalancing Super-Replications", April 2011.
CF-795 Matsushima, Hitoshi and Tomohisa Toyama, "Monitoring Accuracy and Retaliation in Infinitely Repeated Games with Imperfect Private Monitoring: Theory and Experiments", April 2011.
CF-794 Nishimura, Yukihiro and Kimiko Terai, "Strategic Voting on Environmental Policy Making: The Case for "Political Race to the Top"", March 2011.
CF-793 Lai, Fu-Chuan and Takatoshi Tabuchi, "Hotelling Meets Weber", March 2011.
CF-792 Kamiya, Kazuya, So Kubota and Kayuna Nakajima, "Real Indeterminacy of Stationary Monetary Equilibria in Centralized Economies", March 2011.
CF-791 Kunihama, Tsuyoshi, Yasuhiro Omori and Zhengjun Zhang, "Efficient Estimation and Particle Filter for Max-Stable Processes", March 2011.
CF-790 Matsushima, Hitoshi and Toshihiko Shima, "Investment and Ultimatum Games: Experiments", March 2011.
CF-789 Oki, Ryoko and Noriyuki Yanagawa, "Exclusive Dealing Contracts by Distributors", March 2011.
CF-788 Okazaki, Tetsuji, "Evaluation and Formation of Human Capital in Prewar Japan: The Case of White-Collar Workers in Mitsubishi Zaibatsu", March 2011.
CF-787 Takahashi, Akihiko, Kohta Takehara and Masashi Toda, "A General Computation Scheme for a High-Order Asymptotic Expansion Method", February 2011.
CF-786 Kubokawa, Tatsuya and William E. Strawderman, "A Unified Approach to Non-minimaxity of Sets of Linear Combinations of Restricted Location Estimators", January 2011.
CF-785 Miwa, Yoshiro, "A Study of Financing Behavior of Japanese Firms with Firm-Level Data from Corporate Enterprise Quarterly Statistics -1994-2009: Introduction and Summary", January 2011.
CF-784 Koeda, Junko, "How Does Yield Curve Predict GDP Growth? A Macro-Finance Approach Revisited", January 2011.
CF-783 Esteban-Pretel, Julen and Junichi Fujimoto, "Life-Cycle Labor Search with Stochastic Match Quality", January 2011.
CF-782 Nakajima, Jouchi, Tsuyoshi Kunihama, Yasuhiro Omori and Sylvia Frühwirth-Schnatter, "Generalized Extreme Value Distribution with Time-Dependence Using the AR and MA Models in State Space Form", January 2011.

[2010]
CF-781 Fujii, Masaaki and Akihiko Takahashi, "Asymmetric and Imperfect Collateralization, Derivative Pricing, and CVA", December 2010.
CF-780 Kunitomo, Naoto and Kentaro Akashi, "An Aysmptotically Optimal Modification of the Panel LIML Estimation for Individual Heteroscedasticity", December 2010.
CF-779 Tanimoto, Masayuki, "Housework and the Consumption History in pre-war Japan, Another Aspect of Consumption in Modern Japan", December 2010.
CF-778 Fujii, Masaaki and Akihiko Takahashi, "Choice of Collateral Currency", December 2010.
CF-777 Takahashi, Akihiko, Yukihiro Tsuzuki and Akira Yamazaki, "Hedging European Derivatives with the Polynomial Variance Swap under Uncertain Volatility Environments", December 2010.
CF-776 Matsushima, Hitoshi, "Price-Based Combinatorial Auction Design: Representative Valuations", November 2010.
CF-775 Ueda, Kazuo, "Japan's Deflation and the Bank of Japan's Experience with Non-traditional Monetary Policy", November 2010.
CF-774 Ueda, Kazuo, "Japan's Bubble, America's Bubble and China's Bubble", November 2010.
CF-773 Behrens, Kristian, Yoshitsugu Kanemoto and Yasusada Murata, "The Henry George Theorem in A Second-Best World", November 2010.
CF-772 Ericsson, Christer and Björn Horgby, "Globalised Sports in a Historical Perspective", October 2010.
CF-771 Ericsson, Christer, "Company Strategies and Sport Models", October 2010.
CF-770 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "Discrete/Continuous Choice Model of the Residential Gas Demand on the Nonconvex Budget Set", October 2010.
CF-769 Ihori, Toshihiro and C.C. Yang, "Laffer paradox, Leviathan, and Political Contest", October 2010.
CF-768 Furusawa, Taiji and Noriyuki Yanagawa, "Firm Heterogeneity under Financial Imperfection: Impacts of Trade and Capital Movement", October 2010.
CF-767 Hirano, Tomohiro and Noriyuki Yanagawa, "Financial Institution, Asset Bubbles and Economic Performance", October 2010.
CF-766 Iwai, Katsuhito, "A Theory of Fiduciary Relationships: Non-Contractual Foundation of the Duty of Loyalty, Disgorgement Damages, and Strict Liability", October 2010.
CF-765 Kamiya, Kazuya and Takashi Shimizu, "Hysteresis in Dynamic General Equilibrium Models with Cash-in-Advance Constraints", October 2010.
CF-764 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "Panel Data Analysis of Japanese Residential Water Demand Using a Discrete/Continuous Choice Approach", October 2010.
CF-763 Sugawara, Shinya and Yasuhiro Omori, "Duopoly in the Japanese Airline Market: Bayesian Estimation for the Entry Game", October 2010.
CF-762 Fujii, Masaaki and Akihiko Takahashi, "Modeling of Interest Rate Term Structures under Collateralization and its Implications", September 2010.
CF-761 Aoki, Masanao and Hiroshi Yoshikawa, "Non-Self-Averaging in Macroeconomic Models: A Criticism of Modern Micro-founded Macroeconomics", September 2010.
CF-760 Kano, Kazuko, Takashi Kano and Kazutaka Takechi, "Exaggerated Death of Distance: Revisiting Distance Effects on Regional Price Dispersions", September 2010.
CF-759 Fukuda, Shin-ichi, "Market-specific and Currency-specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London", September 2010.
CF-758 Kunitomo, Naoto and Seisho Sato, "On Properties of Separating Information Maximum Likelihood Estimation of Realized Volatility and Covariance with Micro-Market Noise", August 2010.
CF-757 Kunihama, Tsuyoshi, Yasuhiro Omori and Zhengjun Zhang, "Bayesian Estimation and Particle Filter for Max-Stable Processes", August 2010.
CF-756 Matsushima, Hitoshi, "Financing Harmful Bubbles", August 2010.
CF-755 Okazaki, Tetsuji, "Supplier Networks and Aircraft Production in Wartime Japan", August 2010.
CF-754 Kubokawa, Tatsuya, "On Measuring Uncertainty of Small Area Estimators with Higher Order Accuracy", July 2010.
CF-753 Takehara, Kohta, Masashi Toda and Akihiko Takahashi, "Application of a High-Order Asymptotic Expansion Scheme to Long-Term Currency Options", July 2010.
CF-752 Hirano, Tomohiro and Noriyuki Yanagawa, "Asset Bubbles, Endogenous Growth, and Financial Frictions", July 2010.
CF-751 Fukuda, Shin-ichi and Jun-ichi Nakamura, "Why Did "Zombie" Firms Recover in Japan?", July 2010.
CF-750 Ihori, Toshihiro, "Overlapping Tax Revenue, Soft Budget, and Rent Seeking", July 2010.
CF-749 Kubokawa, Tatsuya and William E. Strawderman, "Non-minimaxity of Linear Combinations of Restricted Location Estimators and Related Problems", July 2010.
CF-748 Oki, Ryoko and Noriyuki Yanagawa, "Exclusive Dealing and the Market Power of Buyers", July 2010.
CF-747 Shiraya, Kenichiro and Akihiko Takahashi, "Pricing Average Options on Commodities", July 2010.
CF-746 Ishihara, Tsunehiro and Yasuhiro Omori, "Efficient Bayesian Estimation of a Multivariate Stochastic Volatility Model with Cross Leverage and Heavy-Tailed Errors", May 2010.
CF-745 Shiraya, Kenichiro, Akihiko Takahashi and Masashi Toda, "Pricing Barrier and Average Options under Stochastic Volatility Environment", May 2010.
CF-744 Lean, Hooi Hooi, Michael McAleer and Wing-Keung Wong, "Investor Preferences for Oil Spot and Futures Based on Mean-Variance and Stochastic Dominance", May 2010.
CF-743 Fujii, Masaaki, Yasufumi Shimada and Akihiko Takahashi, "Collateral Posting and Choice of Collateral Currency", May 2010.
CF-742 Caporin, Massimiliano and Michael McAleer, "Ranking Multivariate GARCH Models by Problem Dimension", May 2010.
CF-741 Hammoudeh, Shawkat M., Yuan Yuan and Michael McAleer, "Exchange Rate and Industrial Commodity Volatility Transmissions, Asymmetries and Hedging Strategies", May 2010.
CF-740 Caporin, Massimiliano and Michael McAleer, "Thresholds, News Impact Surfaces and Dynamic Asymmetric Multivariate GARCH", May 2010.
CF-739 Cheng, Yi-Ling, Shin-Kun Peng and Takatoshi Tabuchi, "Multiproduct Duopoly with Vertical Differentiation", April 2010.
CF-738 Nakajima, Jouchi and Yasuhiro Omori, "Stochastic Volatility Model with Leverage and Asymmetrically Heavy-Tailed Error Using GH Skew Student's t-Distribution", April 2010.
CF-737 Shiraya, Kenichiro, Akihiko Takahashi and Akira Yamazaki , "Pricing Swaptions under the Libor Market Model of Interest Rates with Local-Stochastic Volatility Models", April 2010.
CF-736 Chang, Chia-Lin, Philip Hans Franses and Michael McAleer, "Are Forecast Updates Progressive?", April 2010.
CF-735 Chang, Chia-Lin, Thanchanok Khamkaew and Michael McAleer, "Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia", April 2010.
CF-734 Takahashi, Akihiko and Kohta Takehara, "A Hybrid Asymptotic Expansion Scheme: an Application to Long-term Currency Options", April 2010.
CF-733 Kunitomo, Naoto and Seisho Sato, "Robustness of the Separating Information Maximum Likelihood Estimation of Realized Volatility with Micro-Market Noise", April 2010.
CF-732 Chang, Chia-Lin, Thanchanok Khamkaew and Michael McAleer, "IV Estimation of a Panel Threshold Model of Tourism Specialization and Economic Development", April 2010.
CF-731 Okazaki, Tetsuji, "Ownership Changes and Economic Efficiency: Plant-Level Evidence from the Japanese Cotton Spinning Industry, 1900-1911", March 2010.
CF-729 Franses, Philip Hans, Michael McAleer and Rianne Legerstee, "Evaluating Macroeconomic Forecasts: A Review of Some Recent Developments", March 2010.
CF-728 Takehara, Kohta, Akihiko Takahashi and Masashi Toda, "New Unified Computational Algorithm in a High-Order Asymptotic Expansion Scheme", March 2010.
CF-727 Matsushima, Hitoshi, "Role of Relative and Absolute Performance Evaluations in Intergroup Competition", March 2010.
CF-726 Takahashi, Akihiko and Kyo Yamamoto, "A New Hedge Fund Replication Method with the Dynamic Optimal Portfolio", March 2010.
CF-725 Shiraya, Kenichiro, Akihiko Takahashi and Toshihiro Yamada, "Pricing Discrete Barrier Options under Stochastic Volatility", March 2010.
CF-724 Koeda, Junko and Ryo Kato, "The Role of Uncertainty in the Term Structure of Interest Rates: A Macro-Finance Perspective", March 2010.
CF-723 Kubokawa, Tatsuya, "Minimax Estimation of Linear Combinations of Restricted Location Parameters", March 2010.
CF-722 Chaovanapoonphol, Yaovarate, Christine Lim, Michael McAleer and Aree Wiboonpongse, "Time Series Modelling of Tourism Demand from the USA, Japan and Malaysia to Thailand", March 2010.
CF-721 Matsushima, Hitoshi, Koichi Miyazaki and Nobuyuki Yagi, "Role of Linking Mechanisms in Multitask Agency with Hidden Information", March 2010.
CF-720 Matsushima, Hitoshi, "Finitely Repeated Prisoners' Dilemma with Small Fines: Penance Contract", March 2010.
CF-718 Chang, Chialin, Michael McAleer and Roengchai Tansuchat, "Analyzing and Forecasting Volatility Spillovers and Asymmetries in Major Crude Oil Spot, Forward and Futures Markets", February 2010.
CF-717 Miyawaki, Koji Yasuhiro Omori and Akira Hibiki, "Panel Data Analysis of Japanese Residential Water Demand Using a Discrete/Continuous Choice Approach", February 2010.
CF-716 Chang, Chia-Lin and Michael McAleer, "Aggregation, Heterogeneous Autoregression and Volatility of Daily International Tourist Arrivals and Exchange Rates", February 2010.
CF-715 Fujiwara-Greve, Takako, Masahiro Okuno-Fujiwara and Nobue Suzuki, "Voluntarily Separable Repeated Games with Social Norms", February 2010.
CF-714 Matsushima, Hitoshi, "Incentives in Hedge Funds", February 2010.
CF-713 Caporin, Massimiliano and Michael McAleer, "Do We Really Need Both BEKK and DCC? A Tale of Two Multivariate GARCH Models", February 2010.
CF-712 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "Bayesian Estimation of Demand Functions under Block-Rate Pricing", January 2010.
CF-711 Sato, Meg, "Board's Monitoring and Retention of Sub-standard and Powerless CEOs", January 2010.
CF-710 Adachi-Sato, Meg, "Insular Decision Making in the Board Room: Why Boards Retain and Hire Substandard CEOs", January 2010.
CF-709 Srivastava, Muni S. and Tatsuya Kubokawa, "Selection of Variables in Multivariate Regression Models for Large Dimensions", January 2010.
CF-708 Akashi, Kentaro and Naoto Kunitomo, "The Limited Information Maximum Likelihood Approach to Dynamic Panel Structural Equations", January 2010.
CF-707 Akashi, Kentaro and Naoto Kunitomo, "Some Properties of the LIML Estimator in a Dynamic Panel Structural Equation", January 2010.
CF-706 Tansuchat, Roengchai, Chia-Lin Chang and Michael McAleer, "Conditional Correlations and Volatility Spillovers Between Crude Oil and Stock Index Returns", January 2010.
CF-705 Lean, Hooi Hooi, Michael McAleer and Wing-Keung Wong, "Market Efficiency of Oil Spot and Futures: A Stochastic Dominance Approach", January 2010.
CF-704 Tansuchat, Roengchai, Chia-Lin Chang and Michael McAleer, "Crude Oil Hedging Strategies Using Dynamic Multivariate GARCH", January 2010.


[2009]
CF-703 Ueda, Kazuo, "The Structure of Japan's Financial Regulation and Supervision and the Role Played by the Bank of Japan", December 2009.
CF-702 Kubokawa, Tatsuya, "A Review of Linear Mixed Models and Small Area Estimation", December 2009.
CF-701 Nakajima, Jouchi and Yasuhiro Omori, "Stochastic Volatility Model with Leverage and Asymmetrically Heavy-Tailed Error Using GH Skew Student's t-Distribution", December 2009.
CF-700 Ishihara, Tsunehiro and Yasuhiro Omori, "Efficient Bayesian Estimation of a Multivariate Stochastic Volatility Model with Cross Leverage and Heavy-Tailed Errors", December 2009.
CF-699 Asai, Manabu, Massimiliano Caporin and Michael McAleer, "Block Structure Multivariate Stochastic Volatility Models", December 2009.
CF-698 Fujii, Masaaki, Yasufumi Shimada and Akihiko Takahashi, "A Market Model of Interest Rates with Dynamic Basis Spreads in the presence of Collateral and Multiple Currencies", December 2009.
CF-697 Fujii, Masaaki, Akihiko Takahashi, "A Survey on Modeling and Analysis of Basis Spreads", December 2009.
CF-696 Takahashi, Akihiko and Toshihiro Yamada, "An Asymptotic Expansion with Malliavin Weights: An Application to Pricing Discrete Barrier Options", December 2009.
CF-695 Takahashi, Akihiko and Toshihiro Yamada, "An Asymptotic Expansion with Push-Down of Malliavin Weights", December 2009.
CF-694 Sato, Kiyotaka, Zhaoyong Zhang and Michael McAleer, "Identifying Shocks in Regionally Integrated East Asian Economies with Structural VAR and Block Exogeneity", December 2009.
CF-693 Allen, David E., Michael McAleer and Marcel Scharth, "Realized Volatility Risk", December 2009.
CF-692 Ueda, Kazuo, "Non-Traditional Monetary Polices: G7 Central Banks during 2007-2009 and the Bank of Japan during 1998-2006", November 2009.
CF-691 Chang, Chia-Lin and Michael McAleer, "Daily Tourist Arrivals, Exchange Rates and Volatility for Korea and Taiwan", November 2009.
CF-690 Ishihara, Tsunehiro and Yasuhiro Omori, "Multivariate Stochastic Volatility with Cross Leverage", November 2009.
CF-689 Nakajima, Jouchi, Tsuyoshi Kunihama, Yasuhiro Omori and Sylvia Frühwirth-Schnatter, "Generalized Extreme Value Distribution with Time-Dependence Using the AR and MA Models in State Space Form", November 2009.
CF-688 Kubokawa, Tatsuya, "Conditional and Unconditional Methods for Selecting Variables in Linear Mixed Models", November 2009.
CF-687 Chang, Chia-Ling, Thanchanok Khamkaew Michael McAleer and Roengchai Tansuchat, "Interdependence of International Tourism Demand and Volatility in Leading ASEAN Destinations", November 2009.
CF-686 McAleer, Michael and Marcelo C. Medeiros, "Forecasting Realized Volatility with Linear and Nonlinear Models", October 2009.
CF-685 Chang, Chia-Lin, Thanchanok Khamkaew and Michael McAleer, "A Panel Threshold Model of Tourism Specialization and Economic Development", October 2009.
CF-684 Hammoudeh, Shawkat, Yuan Yuan, Michael McAleer and Mark A. Thompson, "Precious Metals-Exchange Rate Volatility Transmissions and Hedging Strategies", October 2009.
CF-683 da Veiga, Bernardo, Felix Chan and Michael McAleer, "It Pays to Violate: How Effective are the Basel Accord Penalties?", October 2009.
CF-682 Shiraya, Kenichiro, Akihiko Takahashi and Masashi Toda, "Pricing Barrier and Average Options under Stochastic Volatility Environment", October 2009.
CF-681 Shiraya, Kenichiro and Akihiko Takahashi, "Pricing Average Options on Commodities", October 2009.
CF-680 Tansuchat, Roengchai, Chia-Lin Chang and Michael McAleer, "Modelling Long Memory Volatility in Agricultural Commodity Futures Returns", October 2009.
CF-679 Braun, Richard Anton and Tomoyuki Nakajima, "Uninsured Countercyclical Risk: An Aggregation Result and Application to Optimal Monetary Policy", October 2009.
CF-678 Braun, Richard Anton, Huiyu Li and John Stachurski, "Computing Densities: A Conditional Monte Carlo Estimator", October 2009.
CF-677 Hakim, Abdul and Michael McAleer, "Dynamic Conditional Correlations in International Stock, Bond and Foreign Exchange Markets: Emerging Markets Evidence", October 2009.
CF-676 Hakim, Abdul and Michael McAleer, "VaR Forecasts and Dynamic Conditional Correlations for Spot and Futures Returns on Stocks and Bonds", October 2009.
CF-675 Khamkaew, Tanchanok, Roengchai Tansuchat, Chia-Lin Chang and Michael McAleer, "Modelling Conditional Correlations in the Volatility of Asian Rubber Spot and Futures Returns", October 2009.
CF-674 Tabuchi, Takatoshi, "Hotelling's Spatial Competition Reconsidered", September 2009.
CF-673 Matsushima, Hitoshi, "Implementation and Mind Control", September 2009.
CF-672 Wiphatthanananthakul, Chatayan and Michael McAleer, "Simple Expected Volatility (SEV) Index: Application to SET50 Index Options", September 2009.
CF-671 Areosa, Waldyr Dutra, Michael McAleer and Marcelo C. Medeiros, "Moment-Based Estimation of Smooth Transition Regression Models with Endogenous Variables", September 2009.
CF-670 Ling, Shiqing and Michael McAleer, "A General Asymptotic Theory for Time Series Models", September 2009.
CF-669 Asai, Manabu, Michael McAleer and Marcelo C. Medeiros, "Modelling and Forecasting Noisy Realized Volatility", September 2009.
CF-668 Hammoudeh, Shawkat M., Yuan Yuan and Michael McAleer, "Exchange Rate and Industrial Commodity Volatility Transmissions and Hedging Strategies", September 2009.
CF-667 McAleer, Michael, Juan-Angel Jimenez-Martin and Teodosio Pé rez-Amaral, "Optimal Risk Management Before, During and After the 2008-09 Financial Crisis", September 2009.
CF-666 Kubokawa, Tatsuya, "Higher Order Corrections in MSE Estimation and Confidence Intervals in Linear Mixed Models", September 2009.
CF-665 Bartolomé, Ana, Michael McAleer Vicente Ramos and Javier Rey-Maquieira, "Risk Management for International Tourist Arrivals: An Application to the Balearic Islands, Spain", September 2009.
CF-664 Bartolomé, Ana, Michael McAleer Vicente Ramos and Javier Rey-Maquieira, "Cruising is Risky Business", September 2009.
CF-663 Hakim, Abdul and Michael McAleer, "Modelling the Interactions Across International Stock, Bond and Foreign Exchange Markets", September 2009.
CF-662 Bian, Guorui, Michael McAleer and Wing-Keung Wong, "A Trinomial Test for Paired Data When There are Many Ties", September 2009.
CF-661 Huang, Jian, Masahito Kobayashi and Michael McAleer, "Testing the Box-Cox Parameter in an Integrated Process", September 2009.
CF-660 Macri, Joseph, Michael McAleer and Dipendra Sinha, "On the Robustness of Alternative Rankings Methodologies For Australian and New Zealand Economics Departments", September 2009.
CF-659 McAleer, Michael, Bernardo da Veiga and Suhejla Hoti, "Value-at-Risk for Country Risk Ratings", September 2009.
CF-658 Gibson, John and Bonggeun Kim, "Non-Classical Measurement Error in Long-Term Retrospective Recall Surveys", September 2009.
CF-657 Asai, Manabu and Michael McAleer, "Dynamic Conditional Correlations for Asymmetric Processes", August 2009.
CF-656 Asai, Manabu, Michael McAleer and Marcelo C. Medeiros, "Asymmetry and Leverage in Realized Volatility", August 2009.
CF-655 Asai, Manabu and Michael McAleer, "Alternative Asymmetric Stochastic Volatility Models", August 2009.
CF-654 Takahashi, Akihiko and Kohta Takehara, "Asymptotic Expansion Approaches in Finance: Applications to Currency Options", August 2009.
CF-653 Takahashi, Akihiko, Yukihiro Tsuzuki and Akira Yamazaki, "Hedging European Derivatives with the Polynomial Variance Swap under Uncertain Volatility Environments", August 2009.
CF-652 McAleer, Michael, "The Ten Commandments for Optimizing Value-at-Risk and Daily Capital Charges", August 2009.
CF-651 Divino, Jose Angelo and Michael McAleer, "Modelling and Forecasting Daily International Mass Tourism to Peru", August 2009.
CF-650 Divino, Jose Angelo and Michael McAleer, "Modelling Sustainable International Tourism Demand to the Brazilian Amazon", August 2009.
CF-649 McAleer, Michael, Bing-Wen Huang, Hsiao-I Kuo, Chi-Chung Chen and Chia-Lin Chang, "An Econometric Analysis of SARS and Avian Flu on International Tourist Arrivals to Asia", August 2009.
CF-648 Franses, Philip Hans, Michael McAleer and Rianne Legerstee, "Does the FOMC Have Expertise, and Can It Forecast?", August 2009.
CF-647 Chang, Chia-Lin, Michael McAleer and Christine Lim, "Modelling Short and Long Haul Volatility in Japanese Tourist Arrivals to New Zealand and Taiwan", August 2009.
CF-646 Iwai, Katsuhito, "The Second End of Laissez-Faire: The Bootstrapping Nature of Money and the Inherent Instability of Capitalism", August 2009.
CF-645 Lamichhane, Kamal and Yasuyuki Sawada, "Disability and Returns to Education in a Developing Country", August 2009.
CF-644 McAleer, Michael, Juan-Angel Jimenez-Martin and Teodosio Pérez-Amaral, "A Decision Rule to Minimize Daily Capital Charges in Forecasting Value-at-Risk", August 2009.
CF-643 McAleer, Michael, Juan-Angel Jimenez-Martin and Teodosio Pérez-Amaral, "Has the Basel II Accord Encouraged Risk Management During the 2008-09 Financial Crisis?", August 2009.
CF-642 Chang, Chia-Lin, Biing-Wen Huang, Meng-Gu Chen and Michael McAleer, "Modelling the Asymmetric Volatility in Hog Prices in Taiwan: The Impact of Joining the WTO", August 2009.
CF-641 Chang, Chia-Lin, Michael McAleer and Roengchai Tansuchat, "Forecasting Volatility and Spillovers in Crude Oil Spot, Forward and Futures Markets", August 2009.
CF-640 Chang, Chia-Lin, Michael McAleer and Roengchai Tansuchat, "Modelling Conditional Correlations for Risk Diversification in Crude Oil Markets", August 2009.
CF-639 Chang, Chia-Lin, Michael McAleer and Roengchai Tansuchat, "Volatility Spillovers Between Crude Oil Futures Returns and Oil Company Stocks Return", August 2009.
CF-638 Caporin, Massimiliano and Michael McAleer, "Do We Really Need Both BEKK and DCC? A Tale of Two Covariance Models", August 2009.
CF-637 Chang, Chia-Lin, Philip Hans Franses and Michael McAleer, "How Accurate are Government Forecasts of Economic Fundamentals? The Case of Taiwan", August 2009.
CF-636 McAleer, Michael, Juan-Angel Jimenez-Martin and Teodosio Pérez-Amaral, "What Happened to Risk Management During the 2008-09 Financial Crisis?", August 2009.
CF-635 Chu, LanFen, Michael McAleer and Chi-Chung Chen, "How Volatile is ENSO?", August 2009.
CF-634 Kuo, Hsiao-I, Chi-Chung Chen and Michael McAleer, "Estimating the Impact of Whaling on Global Whale Watching", August 2009.
CF-633 Datta, Gauri Sankar, Tatsuya Kubokawa, J. N. K. Rao and Isabel Molina, "Estimation of Mean Squared Error of Model-based Small Area Estimators", August 2009.
CF-632 Kubokawa, Tatsuya, "Corrected Empirical Bayes Confidence Intervals in Nested Error Regression Models", August 2009.
CF-631 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "Bayesian Estimation of Demand Functions under Block Rate Pricing", August 2009.
CF-630 Fujii, Masaaki, Yasufumi Shimada and Akihiko Takahashi, "A Note on Construction of Multiple Swap Curves with and without Collateral", July 2009.
CF-629 Chen, Joe, Yun Jeong Choi, Kohta Mori, Yasuyuki Sawada and Saki Sugano, "The Jump, Inertia, and Juvenization of Suicides in Japan", July 2009.
CF-628 Chen, Joe, Yun Jeong Choi, Kohta Mori, Yasuyuki Sawada and Saki Sugano, "Socio-Economic Studies on Suicide: A Survey", July 2009.
CF-627 Kobayashi, Takao and Risa Sai, "Investment Frictions versus Financing Frictions", July 2009.
CF-626 Oki, Ryoko and Noriyuki Yanagawa, "Exclusive Dealing and Large Distributors", July 2009.
CF-625 Yamamoto, Kyo, Seisho Sato and Akihiko Takahashi, "Probability Distribution and Option Pricing for Drawdown in a Stochastic Volatility Environment", June 2009.
CF-624 Takahashi, Akihiko and Kyo Yamamoto, "Generating a Target Payoff Distribution with the Cheapest Dynamic Portfolio: an Application to Hedge Fund Replication", June 2009.
CF-623 Kano, Takashi and James M. Nason, "Business Cycle Implications of Internal Consumption Habit for New Keynesian Models", June 2009.
CF-622 Aoki, Shuhei, Julen Esteban-Pretel, Tetsuji Okazaki and Yasuyuki Sawada, "The Role of the Government in Facilitating TFP Growth during Japan's Rapid Growth Era", June 2009.
CF-621 Takahashi, Akihiko, Kohta Takehara and Masashi Toda, "Computation in an Asymptotic Expansion Method", May 2009.
CF-620 Braun, Richard Anton, Huiyu Li and John Stachurski, "Computing Densities and Expectations in Stochastic Recursive Economies: Generalized Look-Ahead Techniques", May 2009.
CF-619 Anderson, T. W., Naoto Kunitomo and Yukitoshi Matsushita, "The Limited Information Maximum Likelihood Estimator as an Angle", May 2009.
CF-618 Shiraya, Kenichiro and Akihiko Takahashi, "Pricing and Hedging of Long-term Futures and Forward Contracts by a Three-Factor Model", April 2009.
CF-617 Braun, R. Anton and Tomoyuki Nakajima, "Pareto Optimal Pro-cyclical Research and Development", March 2009.
CF-616 Abe, Makoto, "Customer Lifetime Value and RFM Data: Accounting Your Customers: One by One", March 2009.
CF-615 Kamiya, Kazuya and Takashi Shimizu, "Stationary Monetary Equilibria with Strictly Increasing Value Functions and Non-Discrete Money Holdings Distributions: An Indeterminacy Result", March 2009.
CF-614 Kubokawa, Tatsuya and Muni S. Srivastava, "Consistency of the Empirical Bayes Information Criterion for Selecting Variables in Linear Mixed Models", February 2009.
CF-613 Bosch, Mariano and Julen Esteban-Pretel, "Cyclical Informality and Unemployment", February 2009.
CF-612 Kitano, Taiju and Hiroshi Ohashi, "Did US Safeguards Resuscitate Harley-Davidson in the 1980s?", February 2009.
CF-611 Kunitomo, Naoto and Yukitoshi Matsushita, "Asymptotic Expansions and Higher Order Properties of Semi-Parametric Estimators in a System of Simultaneous Equations", February 2009.
CF-610 Kasuya, Makoto, "The Activities of a Japanese Bank in the Interwar Financial Centers: A Case of the Yokohama Specie Bank", January 2009.
CF-609 Myojo, Satoshi and Hiroshi Ohashi, "Assessing the Consequences of a Horizontal Merger and its Remedies in a Dynamic Environment", January 2009.
CF-608 Ishida, Isao and Toshiaki Watanabe, "Modeling and Forecasting the Volatility of the Nikkei 225 Realized Volatility Using the ARFIMA-GARCH Model", January 2009.
CF-607 Tabuchi, Takatoshi, "Self-organizing Marketplaces", January 2009.
CF-606 Matsushima, Hitoshi, "Behavioral Aspects of Arbitrageurs in Timing Games of Bubbles and Crashes", January 2009.


[2008]
CF-605 Okazaki, Tetsuji and Michiru Sawada, "Interbank Networks in Pre-war Japan: Structure and Implications", December 2008.
CF-604 Chen, Joe, Yun Jeong Choi, Kohta Mori, Yasayuki Sawada and Saki Sugano, "Those Who Are Left Behind: An Estimate of the Number of Family Members of Suicide Victims in Japan", December 2008.
CF-603 Nakamura, Hisashi, Wataru Nozawa and Akihiko Takahashi, "Macroeconomic Implications of Term Structures of Interest Rates under Stochastic Differential Utility with Non-Unitary EIS", November 2008.
CF-602 Okazaki, Tetsuji, Kaori Ito and Asuka Imaizumi , "Impact of Natural Disasters on Industrial Agglomeration: The Case of the 1923 Great Kanto Earthquake", November 2008.
CF-601 Kunitomo, Naoto and Seisho Sato, "Realized Volatility, Covariance and Hedging Coefficient of the Nikkei-225 Futures with Micro-Market Noise", November 2008.
CF-600 Tanimoto, Masayuki, "Cotton and the Peasant Economy: A Response to 'Superior' Foreign Fibre in Early Modern Japan", November 2008.
CF-599 Fujiwara-Greve, Takako and Masahiro Okuno-Fujiwara, "Voluntarily Separable Repeated Prisoner's Dilemma", October 2008.
CF-598 Matsushima, Hitoshi, "Implementation and Social Influence", October 2008.
CF-597 Yamamoto and Akihiko Takahashi, "A Remark on a Singular Perturbation Method for Option Pricing under a Stochastic Volatility Model", October 2008.
CF-596 Yamamoto, Kyo, Seisho Sato and Akihiko Takahashi, "Probability Distribution and Option Pricing for Drawdown in a Stochastic Volatility Environment", October 2008.
CF-595 Ihori, Toshihiro and C.C. Yang, "Tax Competition, Public Good Provision, and Income Redistribution: The Case of Linear Capital Income Tax", October 2008.
CF-594 Omori, Yasuhiro and Koji Miyawaki, "Tobit Model with Covariate Dependent Thresholds", October 2008.
CF-593 Idee, Takako, Shinichiro Iwata and Teruyuki Taguchi, "Auction Price Formation with Costly Occupants: Evidence Using Data from the Osaka District Court", September 2008.
CF-592 Takahashi, Akihiko and Kyo Yamamoto, "Hedge Fund Replication", September 2008.
CF-591 Pflüger, Michael and Takatoshi Tabuchi, "Trade and Location with Land as a Productive Factor", September 2008.
CF-590 Kubokawa, Tatsuya, Bartlett-type Correction of the Generalized Least Squares Test in the Fay-Herriot Model, September 2008.
CF-589 Fukuda, Shin-ichi, "The Rise of China and Sustained Recovery of Japan", September 2008.
CF-588 Kunitomo, Naoto and Yukitoshi Matsushita, "Improving the Rank- Adjusted Anderson-Rubin Test with Many Instruments and Persistent Heteroscedasticity", September 2008.
CF-587 Yajima, Yoshihiro and Yasumasa Matsuda, "Asymptotic Properties of the LSE of a Spatial Regression in both Weakly and Strongly Dependent Stationary Random Fields", September 2008.
CF-586 Yanagawa, Noriyuki, "Financial Imperfection and Outsourcing Decision", September 2008.
CF-585 Yanagawa, Noriyuki, "Biased Motivation of Experts: Should They be Aggressive or Conservative?", September 2008.
CF-584 Kubokawa, Tatsuya and Muni S. Srivastava, "Modified Bayesian Information Criterion in Linear Mixed Models", September 2008.
CF-583 Yanagawa, Noriyuki and Ryoko Oki, "Exclusive Dealing Contract and Inefficient Entry Threat", September 2008.
CF-582 Iwata, Shinichiro and Keiko Tamada, "The Backward-bending Commute Times of Married Women with Household Responsibility", September 2008.
CF-581 Kunitomo, Naoto and Seisho Sato, "Separating Information Maximum Likelihood Estimation of Realized Volatility and Covariance with Micro-Market Noise", August 2008.
CF-580 Ericsson, Christer, "Company Strategies and Sport Models", July 2008.
CF-579 Ericsson, Christer, "Industrial Paternalistic Corporate Company Strategies in Theory and Practice in Nordic Countries and Japan from 1900s to 1960s", July 2008.
CF-578 Kubokawa, Tatsuya and Hisayuki Tsukuma, "Minimaxity of the Stein Risk-Minimization Estimator for a Normal Mean Matrix", July 2008.
CF-577 Anderson, T. W., Naoto Kunitomo and Yukitoshi Matsushita, "On Finite Sample Properties of Alternative Estimators of Coefficients in a Structural Equation with Many Instruments", July 2008.
CF-576 Kunitomo, Naoto, "An Optimal Modification of the LIML Estimation for Many Instruments and Persistent Heteroscedasticity", July 2008.
CF-575 Srivastava, Muni S. and Tatsuya Kubokawa, "Conditional Information Criteria for Selecting Variables in Linear Mixed Models", July 2008.
CF-574 Altonji, Joseph G., Hidehiko Ichimura and Taisuke Otsu, Estimating Derivatives in Nonseparable Models with Limited Dependent Variables, July 2008.
CF-573 Gospodinov, Nikolay and Masayuki Hirukawa, "Time Series Nonparametric Regression Using Asymmetric Kernels with an Application to Estimation of Scalar Diffusion Processes", June 2008.
CF-572 Kano, Takashi, "Habit Formation and the Present-Value Model of the Current Account: Yet Another Suspect", June 2008.
CF-571 Ericsson, Christer and Björn Horgby, "The Middle Class Patriarch in the Bourgeois Public", June 2008.
CF-570 Kubokawa, Tatsuya, "Integral Inequality for Minimaxity in the Stein Problem", June 2008.
CF-569 Hamaaki, Junya and Yasushi Iwamoto, "A reappraisal of the incidence of employer contributions to social security in Japan", June 2008.
CF-568 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "Bayesian Estimation of Demand Functions under Block Rate Pricing", June 2008.
CF-567 Takahashi, Akihiko and Akira Yamazaki, "A New Scheme for Static Hedging of European Derivatives under Stochastic Volatility Models", June 2008.
CF-566 Okazaki, Tetsuji, "Supplier Networks and Aircraft Production in Wartime Japan", June 2008.
CF-565 Kobayashi, Takao, Risa Sai and Kazuya Shibata, "Human Capital as an Asset Mix and Optimal Life-Cycle Portfolio: An Analytical Solution", June 2008.
CF-564 Fukuda, Shin-ichi, Munehisa Kasuya and Kentaro Akashi, "Impaired Bank Health and Default Risk", May 2008.
CF-563 Kiyota, Kozo and Tetsuji Okazaki, "Industrial Policy Cuts Two Ways: Evidence from Cotton Spinning Firms in Japan, 1953-1979", May 2008.
CF-562 Okazaki, Tetsuji, "Industrial Development, Firm Dynamics and Patterns of Productivity Growth: The Case of the Cotton Spinning Industry in Prewar Japan, 1894-1924", May 2008.
CF-561 Asahi, Chisato, Satoshi Hikino and Yoshitsugu Kanemoto, "Consumption Side Agglomeration Economies in Japanese Cities", April 2008.
CF-560 Matsushima, Hitoshi, "Effects of Reputation in Bubbles and Crashes", April 2008.
CF-559 Kubokawa, Tatsuya and Nyambaa Erdembat, "On Testing Linear Hypothesis in a Nested Error Regression Model", April 2008.
CF-558 Chen, Joe, Yun Jeong Choi and Yasuyuki Sawada, "Suicide and Life Insurance", April 2008.
CF-557 Chen, Joe, Yun Jeong Choi and Yasuyuki Sawada, "How Is Suicide Different in Japan?", April 2008.
CF-556 Sugawara, Shinya and Yasuhiro Omori, "Bayesian Estimation of Entry Games with Application to Japanese Airline Data", April 2008.
CF-555 Ohashi, Hiroshi, "How to Measure the Outcome of Innovations: Application to Product Innovations", April 2008.
CF-554 Ihori, Toshihiro and Martin McGuire, "National Adversity: Managing Insurance and Protection", April 2008.
CF-553 Ihori, Toshihiro and C. C. Yang, "Interregional Tax Competition and Intraregional Political Competition: The Optimal Provision of Public Goods", April 2008.
CF-552 Ihori, Toshihiro, "Overlapping Tax Revenue, Local Debt Control and Soft-Budget Constraint", April 2008.
CF-551 Fujiwara-Greve, Takako, Masahiro Okuno-Fujiwara and Nobue Suzuki, "Voluntarily Separable Prisoner's Dilemma with Reference Letters", March 2008.
CF-550 Narayana, Muttur Ranganathan, "Substituability between Mobile and Fixed Telephones: Evidence and Implications for India", May 2008.
CF-549 Arimoto, Yutaka, Tetsuji Okazaki and Masaki Nakabayashi, "Agrarian Land Tenancy in Prewar Japan: Contract Choice and Implications on Productivity", March 2008.
CF-548 Ohashi, Hiroshi, "Effects of Transparency in Procurement Practices on Government Expenditure: A Case Study of Municipal Public Works", March 2008.
CF-547 Nakayama, Keita and Akihiko Takahashi, "A Factor Allocation Approach to Optimal Bond Portfolio", March 2008.
CF-546 Takahashi, Akihiko and Akira Yamazaki, "A New Scheme for Static Hedging of European Derivatives under Stochastic Volatility Models", March 2008.
CF-545 Narayana, Muttur Ranganathan, "Telecommunication Services and Economic Growth: Evidence from India", February 2008.
CF-544 Narayana, Muttur Ranganathan, "Globalization and Urban Growth: Evidence for Bangalore (India)", January 2008.
CF-543 Narayana, Muttur Ranganathan, "Performance of Urban India during Globalization Period: An Economic Analysis", January 2008.
CF-542 Anderson, T. W., Naoto Kunitomo and Yukitoshi Matsushita, "On the Asymptotic Optimality of the LIML Estimator with Possibly Many Instruments", January 2008.
CF-541 Mochida, Nobuki, "Subnational Borrowing in Japan : from 'Implicit Guarantee' to Market Discipline and Fiscal Rule", January 2008.
CF-540 Nakamura, Hisashi, Keita Nakayama and Akihiko Takahashi, "Term Structure of Interest Rates under Recursive Preferences in Continuous Time", January 2008.
CF-539 Takahashi, Akihiko and Akira Yamazaki, "Efficient Static Replication of European Options under Exponential Levy Models", January 2008.
CF-538 Takahashi, Akihiko and Kohta Takehara, "Fourier Transform Method with an Asymptotic Expansion Approach: an Application to Currency Options", January 2008.
CF-537 Abe, Makoto, ""Counting Your Customers" One by One: A Hierarchical Bayes Extension to the Pareto/NBD Model", January 2008.
CF-536 Takahashi, Akihiko and Kohta Takehara, "A Hybrid Asymptotic Expansion Scheme:an Application to Long-term Currency Options", January 2008.


[2007]
CF-535 Braun, R. Anton, Daisuke Ikeda and Douglas H. Joines, "The Saving Rate in Japan: Why It Has Fallen and Why It Will Remain Low", December 2007.
CF-534 Chen, Joe, Yun Jeong Choi and Yasuyuki Sawada, "Joint Liability Borrowing and Suicide", December 2007.
CF-533 Kubokawa, Tatsuya, "Asymptotic Correction of Empirical Bayes Confidence Intervals in Small Area Estimation", December 2007.
CF-532 Nakamura, Hisashi, "Strategic Default Jump as Impulse Control in Continuous Time", December 2007.
CF-531 Matsuyama, Kiminori, "A One-Sector Neoclassical Growth Model with Endogenous Retirement", December 2007.
CF-530 Ueda, Kazuo, "Trying to Make Sense of the Bank of Japan's Monetary Policy since the Exit from Quantitative Easing", December 2007.
CF-529 Shiraya, Kenichiro and Akihiko Takahashi, "Pricing and Hedging of Long-term Futures and Forward Contracts by a Three-Factor Model", November 2007.
CF-528 Sato, Ryuzo and Tamaki Morita, "Macro Dynamics and Labor-Saving Innovation: US vs. Japan", November 2007.
CF-527 Iwata, Shinichiro and Koji Karato, "Homeless Networks and Geographic Concentration: Evidence from Osaka City", November 2007.
CF-526 Chen, Joe, Yun Jeong Choi and Yasuyuki Sawada, "How Is Suicide Different in Japan?", November 2007.
CF-525 Kubokawa, Tatsuya and Muni S. Srivastava, "Akaike Information Criterion for Selecting Variables in a Nested Error Regression Model", November 2007.
CF-524 Hakamada, Takeshi, Akihiko Takahashi, and Kyo Yamamoto, "Selection and Performance Analysis of Asia-Pacific Hedge Funds", November 2007.
CF-523 Matsushima, Hitoshi, "Behavioral Aspects of Implementation Theory", October 2007.
CF-522 Iwata, Shinichiro and Koji Karato, "Homeless Networks: Testing Peer and Homed Networks Against Location Choice", October 2007.
CF-521 Kobayashi, Keiichiro and Noriyuki Yanagawa, "Bank Distress and the Borrowers' Productivity", October 2007.
CF-520 Iwata, Shinichiro and Hisaki Yamaga, "Land Tenure Security and Home Maintenance: Evidence from Japan", September 2007.
CF-519 Matsushima, Hitoshi, "Detail-Free Mechanism Design in Twice Iterative Dominance: Large Economies", September 2007.
CF-518 Matsushima, Hitoshi, "Role of Honesty in Full Implementation", September 2007.
CF-517 Nakabayashi, Masaki and Tetsuji Okazaki, "The Role of the Courts in Economic Development: The Case of Prewar Japan", September 2007.
CF-516 Tanimoto, Masayuki, "From Peasant Economy to Urban Agglomeration : The Transformation of 'Labour-intensive Industrialization' in Modern Japan", September 2007.
CF-515 Takahashi, Makoto, Yasuhiro Omori and Toshiaki Watanabe, "Estimating Stochastic Volatility Models Using Daily Returns and Realized Volatility Simultaneously", September 2007.
CF-514 Nakajima, Jouchi and Yasuhiro Omori, "Leverage, heavy-tails and correlated jumps in stochastic volatility models", September 2007.
CF-513 Takahashi, Akihiko and Akira Yamazaki, "Efficient Static Replication of European Options for Exponential Levy Models", September 2007.
CF-512 Sawada, Yasuyuki and Satoshi Shimizutani, "Consumption Insurance and Risk-Coping Strategies under Non-Separable Utility: Evidence from the Kobe Earthquake", September 2007.
CF-511 Mochida, Nobuki, "Measuring Fiscal Needs: Japan's Experiences", August 2007.
CF-510 Tsukuma, Hisayuki and Tatsuya Kubokawa, "Modifying Estimators of Ordered Positive Parameters under the Stein Loss ", August 2007.
CF-509 Takahashi, Akihiko, "An Asymptotic Expansion Approach in Finance", August 2007.
CF-508 Omori, Yasuhiro and Toshiaki Watanabe, "Block sampler and posterior mode estimation for a nonlinear and non-Gaussian state-space model with correlated errors", August 2007.
CF-507 Omori, Yasuhiro and Toshiaki Watanabe, "Block Sampler and Posterior Mode Estimation for Asymmetric Stochastic Volatility Models", August 2007.
CF-506 Miyawaki, Koji and Yasuhiro Omori, "Duality-Based Analysis of Residential Gas Demand under Decreasing Block Rate Pricing", August 2007.
CF-505 Kano, Takashi, "Habit Formation and the Present-Value Model of the Current Account: Yet Another Suspect", August 2007.
CF-504 Ikeda, Ryoichi and Takao Kobayashi, "Why some Distressed Firms Have Low Expected Returns", July 2007.
CF-503 Kunitomo, Naoto and Kentaro Akashi, "The Conditional Limited Information Maximum Likelihood Approach to Dynamic Panel Structural Equations", July 2007.
CF-502 Fukuda, Shin-ichi, "Knightian Uncertainty and Poverty Trap in a Model of Economic Growth", June 2007.
CF-501 Behrens, Kristian, Cem Ertur and Wilfried Koch, "'Dual' gravity: Using spatial econometrics to control for multilateral resistance", June 2007.
CF-500 Okazaki, Tetsuji, "Economic Development, Income Inequality and Social Stability in Prewar Japan: A Prefecture-level Analysis", June 2007.
CF-499 Anderson, T. W. and Naoto Kunitomo, "On Likelihood Ratio Tests of Structural Coefficients: Anderson-Rubin (1949) revisited", May 2007.
CF-498 Sawada, Yasuyuki, Kazumitsu Nawata, Masako Ii and Jeong-Joon Lee, "Did the Credit Crunch in Japan Affect Household Welfare? An Augmented Euler Equation Approach Using Type 5 Tobit Model", May 2007.
CF-497 Takahashi, Akihiko and Kohta Takehara, "Fourier Transform Method with an Asymptotic Expansion Approach: an Application to Currency Options", May 2007.
CF-496 Nakajima, Kentaro and Takatoshi Tabuchi, "Estimating Interregional Utility Differentials", May 2007.
CF-495 Hamao, Yasushi, Takeo Hoshi and Tetsuji Okazaki, "Listing Policy and Development of the Tokyo Stock Exchange in the Pre-War Period", May 2007.
CF-494 Nakayama, Keita and Akihiko Takahashi, "A Factor Allocation Approach to Optimal Bond Portfolio", May 2007.
CF-493 Aoki, Masanao and Hiroshi Yoshikawa, "Non-Self-Averaging in Macroeconomic Models: A Criticism of Modern Micro-founded Macroeconomics", May 2007.
CF-492 Matsushima, Hitoshi, "Tit-For-Tat Equilibria in Discounted Repeated Games with Private Monitoring", April 2007.
CF-491 Kandori, Michihiro, "Weakly Belief-Free Equilibria in Repeated Games with Private Monitoring", April 2007.
CF-490 Iwamoto, Yasushi and Akihisa Shibata, "International and Intergenerational Aspects of Capital Income Taxation in an Endogenously Growing World Economy", April 2007.
CF-489 Fukuda, Shin-ichi and Yoshifumi Kon, "Liquidity Risk Aversion, Debt Maturity, and Current Account Surpluses: A Theory and Evidence from East Asia", April 2007.
CF-488 Chib, Siddhartha, Yasuhiro Omori and Manabu Asai, "Multivariate stochastic volatility", April 2007.
CF-487 Hannah, Leslie, "Pioneering Modern Corporate Governance: a View from London in 1900", March 2007.
CF-486 Hannah, Leslie, "Logistics, Market Size and Giant Plants in the Early 20th Century: A Global View", March 2007.
CF-485 Kurosaki, Takashi, Yasuyuki Sawada, Asit Banerji, and S.N. Mishra, "Rural-Urban Migration and Urban Poverty: Socio-Economic Profiles of Rickshaw Pullers and Owner-Contractors in North-East Delhi", March 2007.
CF-484 Sawada, Yasuyuki and Michael Lokshin, "Obstacles to School Progression in Rural Pakistan: An Analysis of Gender and Sibling Rivalry Using Field Survey Data", March 2007.
CF-483 Sato, Ryuzo and Tamaki Morita, "Quantity or Quality: The Impact of Labor-Saving Innovation on US and Japanese Growth Rates, 1960-2004", March 2007.
CF-482 Khan, Haider A. and Mariko Frame, "China's Energy Security: National Security, Ecological Balance and Regional Co-operation", March 2007.
CF-481 Omori, Yasuhiro, "Efficient Gibbs Sampler for Bayesian Analysis of a Sample Selection Model", March 2007.
CF-480 Khan, Haider A. and Zulfiqar Larik, "Globalization and Regional Co-operation in South Asia: A Political and Social Economy Approach", March 2007.
CF-479 Magnus, Jan R., "The asymptotic variance of the pseudo maximum likelihood estimator", March 2007.
CF-478 Danilov, Dmitry and Jan R. Magnus, "On the estimation of a large sparse Bayesian system: the Snaer program", February 2007.
CF-477 Magnus, Jan R. and Karim M. Abadir, "Social Accounting Matrix: A Very Short Introduction for Economic Modeling", February 2007.
CF-476 Magnus, Jan R. and Karim M. Abadir, "On some definitions in matrix algebra", February 2007.
CF-475 Khan, Haider A., "Women's Rights as Human Rights : A Political and Social Economy Approach within a Deep Democratic Framework", February 2007.
CF-474 Takahashi, Akihiko and Kohta Takehara, "An Asymptotic Expansion Approach to Currency Options with a Market Model of Interest Rates under Stochastic Volatility Processes of Spot Exchange Rates", February 2007.
CF-473 Tsukuma, Hisayuki and Tatsuya Kubokawa, "The Stein phenomenon in simultaneous estimation of normal precisions", February 2007.
CF-472 Srivastava, Muni S. and Tatsuya Kubokawa, "Akaike Information Criterion for Selecting Components of the Mean Vector in High Dimensional Data with Fewer Observations", February 2007.
CF-471 Nakamura, Tsuyoshi and Hiroshi Ohashi, "Productivity, Capital Utilization, and Intra-firm Diffusion: A Study of Steel Refining Furnaces", February 2007.
CF-470 Akram, Tanweer and Haider A. Khan, "Dark Matter: Some Reflections on the Current Account Debate", February 2007."
CF-469 Frame, Mariko and Haider A. Khan, "Deep Democracy : A Political and Social Economy Approach", February 2007.
CF-468 Khan, Haider A., "A Theory of Deep Democracy and Economic Justice in the Age of Postmodernism", February 2007.
CF-467 Matsushita, Yukitoshi, "t-Tests in a Structural Equation with Many Instruments", February 2007.
CF-466 Matsushita, Yukitoshi, "Approximate Distributions of the Likelihood Ratio Statistic in a Structural Equation with Many Instruments", February 2007.
CF-465 Hannah, Leslie, "What did Morgan's Men really do?", January 2007.
CF-464 Khan, Haider A., "Sustainability and Surplus", January 2007.
CF-463 Khan, Haider A., "Social Accounting Matrices(SAMs) and CGE Modeling:Using Macroeconomic Computable General Equilibrium Models for Assessing Poverty Impact of Structural Adjustment Policies", January 2007.
CF-462 Khan, Haider A., "Trade Liberalization and Poverty Reduction in General Equilibrium: The Role of Labor Market Structure", January 2007.
CF-461 Nakata, Hiroyuki and Yasuyuki Sawada, "Demand for non-life insurance: A cross-country analysis", January 2007.
CF-460 Hannah, Leslie, "The Divorce of Ownership from Control from 1900: Re-calibrating Imagined Global Historical Trends", January 2007.


[2006]
CF-459 Tsukuma, Hisayuki and Tatsuya Kubokawa, "Simultaneous estimation of normal precision matrices", December 2006.
CF-458 Chousa, Juan Pineiro, Haider A. Khan, Davit N. Melikyan and Artur Tamazian, "Democracy, Finance and Development", December 2006.
CF-457 Khan, Haider A. , "Soft Infrastructure, Trading Costs and Regional Co-operation", December 2006.
CF-456 Ssto, Yasuhiro and Jacques-Francois Thisse, "Competing for capital when labor is heterogeneous", December 2006.
CF-455 Behrens, Kristian, Carl Gaigne and Jacques-Francois Thisse, "Is the regulation of the transport sector always detrimental to consumers?", December 2006.
CF-454 Jean Cavailhes, Carl Gaigne, Takatoshi Tabuchi and Jacques-Francois Thisse, "Trade and the structure of cities", December 2006.
CF-453 Lechevalier, Sebastien, Yukio Ikeda and Junichi Nishimura, "Collaborative R&D in the robot technology in Japan: an inquiry based on patent data analysis (1991-2004)", December 2006.
CF-452 Ichimura, Hidehiko and Petra E. Todd "Implementing Nonparametric and Semiparametric Estimators", December 2006.
CF-451 Takahashi, Akihiko, Kota Takehara and Akira Yamazaki, "Pricing Currency Options with a Market Model of Interest Rates under Jump-Diffusion Stochastic Volatility Processes of Spot Exchange Rates", December 2006.
CF-450 Ihori, Toshihiro and Martin McGuireb, "Group Provision Against Adversity: Security By Insurance vs. Protection", November 2006.
CF-449 Aoki, Masanao, "Patterns of Non-exponential Growth of Macroeconomic Models: Two-parameter Poisson-Dirichlet Models", November 2006.
CF-448 Lee, Jeong-Joon and Yasuyuki Sawada, "The Degree of Precautionary Saving: A Reexamination", November 2006.
CF-447 Okazaki, Tetsuji, "Micro-aspects of Monetary Policy: Lender of Last Resort and Selection of Banks in Pre-war Japan", November 2006.
CF-446 Aoki, Masanao, "Growth Patterns of Two Types of Macro-Models: Limiting Behavior of One-and Two-Parameter Poisson-Dirichlet Models", October 2006.
CF-445 Aoki, Masanao, "Thermodynamic Limits of Macroeconomic or Financial Models: One-and Two-Parameter Poisson-Dirichlet Models", October 2006.
CF-444 Riew, John, "The U.S. Information Technology Revolution and Its Impact on U.S. Economy and Beyond ", October 2006.
CF-443 Iwamoto, Yasushi, Miki Kohara, and Makoto Saito, "On the Consumption Insurance Effects of Long-term Care Insurance In Japan: Evidence from Micro Household Data ", October 2006.
CF-442 Fukuda, Shin-ichi and Masanori Ono, "On the Determinants of Exporters' Currency Pricing: History vs. Expectations", October 2006.
CF-441 Fukuda, Shin-ichi and Sanae Ohno, "Post-crisis Exchange Rate Regimes in ASEAN:A New Empirical Test Based on Intra-daily Data", October 2006.
CF-440 Fukuda, Shin-ichi, Munehisa Kasuya, and Kentaro Akashi , "The Role of Trade Credit for Small Firms: An Implication from Japan's Banking Crisis", October 2006.
CF-439 Fukuda, Shin-ichi and Satoshi Koibuchi, "The Impacts of "Shock Therapy" on Large and Small Clients:Experiences from Two Large Bank Failures in Japan", October 2006.
CF-438 Nakayama, Keita and Akihiko Takahashi, "A Factor Allocation Approach to Optimal Bond Portfolio", October 2006.
CF-437 Chan, Alex W.H. and Nai-fu Chen, "Convertible Bond Underpricing: Renegotiable Covenants, Seasoning and Convergence", September 2006.
CF-436 Braun, R. Anton and Harald Uhlig, "The Welfare Enhancing Effects of a Selfish Government in the Presence of Uninsuarable, Idiosyncratic Risk", September 2006.
CF-435 Mai, Chao-cheng, Shin-Kun Peng, Takatoshi Tabuchi, "Economic Geography with Tariff Competition", September 2006.
CF-434 Hakamada, Takeshi, Akihiko Takahashi and Kyo Yamamoto, "Selection and Performance Analysis of Asia-Pacific Hedge Funds", September 2006.
CF-433 Nakamura, Hisashi, "A Dynamic Theory of Debt Restructuring", August 2006.
CF-432 Fukui, Tadashi and Yasushi Iwamoto, "Policy Options for Financing the Future Health and Long-term Care Costs in Japan", July 2006.
CF-431 Hirukawa, Masayuki, "A Two-Stage Plug-In Bandwidth Selection and Its Implementation for Covariance Estimation", June 2006.
CF-430 Kitamura, Yuichi, "Empirical Likelihood Methods in Econometrics: Theory and Practice", June 2006.
CF-429 Smith, William T. and Qiang Zhang, "Asset Pricing With Multiplicative Habit and Power-Expo Preferences", June 2006.
CF-428 , Zhang, Qiang, "The Spirit of Capitalism and Asset Pricing: an Empirical Investigation", June 2006.
CF-427 Huang, Hsu-Huei, Paochung Hsu, Haider A. Khan and Yun-Lin Yu, "Does the Appointment of the Outside Director Increase Firm Value? The Evidence from Taiwan", May 2006.
CF-426 Ichimura, Hidehiko and Sokbae Lee, "Characterization of the Asymptotic Distribution of Semiparametric M-Estimators", May 2006.
CF-425 Aoki, Masanao, "Long-run Behavior of Macroeconomic Models with Heterogeneous Agents: Asymptotic Behavior of One- and Two-Parameter Poisson-Dirichlet Distributions ", May 2006.
CF-424 Miyawaki, Koji, Yasuhiro Omori and Akira Hibiki, "Bayesian Estimation of Demand Functions under Block Rate Pricing", May 2006.
CF-423 Westlund, Hans, "The Social Capital of Regional Dynamics: A Policy Perspective", May 2006.
CF-422 Doi, Takero and Toshihiro Ihori, "Soft-Budget Constraints and Local Expenditures", May 2006.
CF-421 Nakamura, Hisashi, "A Continuous-Time Analysis of Optimal Defaultable Debt Contracts: Theory and Applications", April 2006.
CF-420 Blundell, Richard, Amanda Gosling, Hidehiko Ichimura and Costas Meghir, "Changes in the Distribution of Male and Female Wages Accounting for Employment Composition Using Bounds", April 2006.
CF-419 Matsushima, Hitoshi, "Relative Performance Evaluation between Multitask Agents", April 2006.
CF-418 Khan, Haider A., "Markets, Democracy and Economic Justice in the Age of Postmodernism: Fictions, "Factions", or Frictions?", April 2006.
CF-417 Kamiya, Kazuya and Takashi Shimizu, "A Dynamic General Equilibrium Model with Centralized Auction Markets", April 2006.
CF-416 Okazaki, Tetsuji, "Selection or Imitation? : Organizational Evolution in the Japanese Cotton Industry, 1905-1935: ", April 2006.
CF-415 Fujiwara-Greve, Takako and Masahiro Okuno-Fujiwara, "Voluntarily Separable Prisoner's Dilemma", April 2006.
CF-414 Tabuchi, Takatoshi and Jacques-Francois Thisse,"Self-organizing Urban Hierarchy", April 2006.
CF-413 Hirokazu Ishise and Yasuyuki Sawada,"Aggregate Returns to Social Capital: Estimates Based on the Augmented Augmented-Solow Model", April 2006.
CF-412 Braun, R. Anton and Max Gillman, "Banking in General Equilibrium with an Application to Japan.", April 2006.
CF-411 Lin, Chin-Shien, Haider A. Khan, Ying-Chieh Wang and Ruei-Yuan Chang, "A New Approach to Modeling Early Warning Systems for Currency Crises : can a machine-learning fuzzy expert system predict the currency crises effectively? ", April 2006.
CF-410 Khan, Haider A., "Value, Social Capabilities, Alienation:The Right to Revolt", April 2006.
CF-409 Kubokawa, Tatsuya, "Characterization of Priors in the Stein Problem", March 2006.
CF-408 Abe, Makoto, ""Counting Your Customers" One by One: An Individual Level RF Analysis Based on Consumer Behavior Theory", March 2006.
CF-407 Ito, Takatoshi and Yuko Hashimoto, "Intra-day Seasonality in Activities of the Foreign Exchange Markets: Evidence from the Electronic Broking System", March 2006.
CF-406 Ito, Takatoshi and Kiyotaka Sato, "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through", March 2006.
CF-405 Matsushima, Hitoshi, "Role of Honesty in Full Implementation", March 2006.
CF-404 Nakamura, Tsuyoshi and Kazuo Ueda, "On the Failure of University-Industry Research Collaboration to Stimulate High Quality Research in Japan", March 2006.
CF-403 Obinata, Takashi and Kazuyuki Suda, "Value Relevance of the Multi-step Income Statement in Japan", March 2006.
CF-402 Ihori, Toshihiro and Martin C. McGuire, "Collective Risk Control And Group Security: The Unexpected Consequences of Differential Risk Aversion", March 2006.
CF-401 Matsushima, Hitoshi and Koichi Miyazaki, Nobuyuki Yagi, "Role of Linking Mechanisms in Multitask Agency with Hidden Information", February 2006.
CF-400 Okazaki, Tetsuji and Michiru Sawada, "Effects of a bank consolidation promotion policy: Evaluating Bank Law in 1927 Japan", February 2006.
CF-399 Anderson, T. W. and Naoto Kunitomo, Yukitoshi, Matsushita, "A New Light from Old Wisdoms : Alternative Estimation Methods of Simultaneous Equations with Possibly Many Instruments", February 2006.
CF-398 Okazaki, Tetsuji, "Micro-aspects of Monetary Policy in Pre-war Japan: Lender of Last Resort and Selection of Banks", January 2006.
CF-397 Miyake, Dario Ikuo, "The Shift from Belt Conveyor Line to Work-cell Based Assembly Systems to Cope with Increasing Demand Variation and Fluctuation in The Japanese Electronics Industries", January 2006.
CF-396 Lee, Jeong-Joon, "The Adjusted Solow Residual and Asset Returns", January 2006.
CF-395 Kandori, Michihiro, "Repeated Games, Entry in The New Palgrave Dictionary of Economics, 2nd Edition", January 2006.
CF-394 Iwami, Toru, "Globalization and Pollution Industries in East Asia", January 2006.
CF-393 Kubokawa, Tatsuya, "Integral Inequality for Minimaxity and Characterization of Priors by Use of Inverse Laplace Transform", January 2006.


[2005]
CF-392 Braun, R. Anton, Julen Esteban-Pretel, Toshihiro Okada and Nao Sudou, "A Comparison of the Japanese and U.S. Business Cycles", December 2005.
CF-391 Akai, Nobuo and Motohiro Sato, "Decentralized leadership meets soft budget", December 2005.
CF-390 Kamiya, Kazuya and Takashi Shimizu, "Real Indeterminacy of Stationary Equilibria in Matching Models with Divisible Money", November 2005.
CF-389 Kubokawa, Tatsuya and Hisayuki Tsukuma, "Estimation of Parameters in a Linear Regression Model under the Kullback-Leibler Loss", November 2005.
CF-388 Aoki, Masanao, "Cluster Size Distributions of Heterogeneous Economic Agents: Are there non-self-averaging phenomena in economics? ", November 2005.
CF-387 Doi, Takero, Toshihiro Ihori and Kiyoshi Mitsui, "Sustainability, Debt Management, and Public Debt Policy in Japan", October 2005.
CF-386 Khan, Haider A., "Deconstructing Postmodernism and the Mainstream Developmental Discourse of Women's Empowerment in the (South) Asian Context", October 2005.
CF-385 Khan, Haider A., "China's Energy Dilemma", October 2005.
CF-384 Matsui, Muneya and Akimichi Takemura, "Goodness-of-Fit Tests for Symmetric Stable Distributions - Empirical Characteristic Function Approach", October 2005.
CF-383 Matsuyama, Kiminori, "The 2005 Lawerence R. Klein Lecture: Emergent Class Structure", October 2005.
CF-382 Okazaki, Tetsuji, "Determinants and Effects of Employing Professional Corporate Executives: A Case of Cotton Spinning Companies in Pre-war Japan", October 2005.
CF-381 Miwa, Yoshiro and J. Mark Ramseyer, "Trade Credit, Bank Loans, and Monitoring: Evidence from Japan", October 2005.
CF-380 Esteban-Pretel, Julen and Elisa Faraglia, "Monetary Shocks in a Model with Loss of Skills", October 2005.
CF-379 Okazaki, Tetsuji, Michiru Sawada and Ke Wang, "The Fall of "Organ Bank" Relationships During the Wave of Bank Failures and Consolidations: Experience in Pre-war Japan", October 2005.
CF-378 Tukuma, Hisayuki and Tatsuya Kubokawa, "Methods for Improvement in Estimation of a Normal Mean Matrix", September 2005.
CF-377 Lee, Jeong-Joon and Yasuyuki Sawada, "Precautionary Saving under Liquidity Constraints: Evidence from Rural Pakistan", September 2005.
CF-376 Matsushima, Hitoshi, "Mechanism Design with Side Payments: Individual Rationality and Iterative Dominance", September 2005.
CF-375 Ueda, Kazuo, "The Bank of Japan's Struggle with the Zero Lower Bound on Nominal Interest Rates: Exercises in Expectations Management", September 2005.
CF-374 Baba, Naohiko, Motoharu Nakashima, Yousuke Shigemi, Kazuo Ueda, "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market", September 2005.
CF-373 Duffie, Darrel, Leandro Saita and Ke Wang, "Multi-Period Corporate Default Prediction With Stochastic Covariates", September 2005.
CF-372 Ihori, Toshihiro, Ryuta Ray Kato, Masumi Kawade and Shun-ichiro Bessho, "Public Debt and Economic Growth in an Aging Japan", September 2005.
CF-371 Esteban-Pretel, Julen, "The Effects of the Loss of Skills on Unemployment Fluctuations", September 2005.
CF-370 Choi, Yun Jeong, "Patterns of Retail and Wholesale Price Variations : Its Implication on Sticky Price Model", September 2005.
CF-369 Ishida, Isao, "Scanning Multivariate Conditional Densities with Probability Integral Transforms", September 2005.
CF-368 Nakamura, Tsuyoshi and Hiroshi Ohashi, "Technology Adoption, Learning by Doing, and Productivity: A Study of Steel Refining Furnaces", September 2005.
CF-367 Choi, Yun Jeong, "Retailer Dynamic Pricing Behavior :Their Impacts on Consumer Welfare", September 2005.
CF-366 Matsuoka, Ryosuke, Akihiko Takahashi and Yoshihiko Uchida, "A New Computational Scheme for Computing Greeks by the Asymptotic Expansion Approach", September 2005.
CF-365 Iwamoto, Yasushi, "Interaction between Monetary and Fiscal Policy and the Policy Mix, Theoretical Consideration and Japanese Experience ", September 2005.
CF-364 Fukuda, Shin-ichi, Munehisa Kasuya and Jouchi Nakajima,"Deteriorating Bank Health and Lending in Japan: Evidence from Unlisted Companies Undergoing Financial Distress", September 2005.
CF-363 Li, Yiting and Akihiko Matsui, "A Theory of International Currency and Seigniorage Competition", September 2005.
CF-362 Kubokawa, Tatsuya and Muni S. Srivastava, "Estimation of the Precision Matrix of a Singular Wishart Distribution and its Application in High Dimensional Data", August 2005.
CF-361 Hoshino, Nobuaki, "On a limiting quasi-multinomial distribution", August 2005.
CF-360 Peng, Shin-Kun and Takatoshi Tabuchi, "Spatial Competition in Variety and Number of Stores", August 2005.
CF-359 Harrington, Joseph E. Jr. and Joe Chen, "Cartel Pricing Dynamics with Cost Variability and Endogenous Buyer Detection", August 2005.
CF-358 Chen, Joe and Joseph E. Harrington , Jr., "The Impact of the Corporate Leniency Program on Cartel Formation and the Cartel Price Path", August 2005.
CF-357 Chen, Joe, "The Market Structure of Nasdaq Dealer Markets and Quoting Conventions", August 2005.
CF-356 Sawada, Yasuyuki and Jonna P. Estudillo, "The MDGs and Exit Time: The Case of the Philippines", August 2005.
CF-355 Okazaki, Tetsuji, Michiru Sawada and Kazuki Yokoyama, "Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry", July 2005.
CF-354 Lee, Jeong-Joon, "Observational Equivalencebetweenthe Malmquist Index and the Solow Residualfor the G-7 Countries", July 2005.
CF-353 Esteban-Pretel, Julen, "Loss of Skill and Retraining in a Matching Model", July 2005.
CF-352 Hannah, Leslie, "The Whig Fable of American Tobacco, 1895-1913", July 2005.
CF-351 Fukuda, Shin-ichi and Satoshi Koibuchi, "The Impacts of "Shock Therapy" under a Banking Crisis : Experiences from Three Large Bank Failures in Japan", July 2005.
CF-350 Nishimura, Kiyohiko G., Takanobu Nakajima and Kozo Kiyota, "Innovation Versus Diffusion: Determinants of Productivity Growth Among Japanese Firms", June 2005.
CF-349 Tsai, Ming-Tien and Tatsuya Kubokawa, "Estimation of Several Wishart Mean Matrices", June 2005.
CF-348 Akai, Nobuo, Yusaku Horiuchi and Masayo Sakata, "Short-run and Long-run Effects of Corruption on Economic Growth: Evidence from State-Level Cross-Section Data for the United States", June 2005.
CF-347 Kamiya, Kazuya and Takashi Shimizu,"A New Technique for Proving the Existence of Monetary Equilibria in Matching Models with Divisible Money", June 2005.
CF-346. Matsushima, Hitoshi, "Large Market Design in Dominance", June 2005.
CF-345. Okazaki, Tetsuji, ""Voice" and "Exit" in Japanese Firms during the Second World War: Sanpo Revisited", June 2005.
CF-344. Hunter, Janet, "Understanding the Economic History of Postal Services: Some Preliminary Observations from the Case of Meiji Japan", May 2005.
CF-343. Braun, R. Anton and Yuichiro Waki, "Monetary Policy during Japan's Lost Decade", May 2005.
CF-342. Tsukuma, Hisayuki and Tatsuya Kubokawa, "Stein Phenomenon in Estimation of Means Restricted to a Polyhedral Convex Cone", May 2005.
CF-341. Nishimura, Kiyohiko G., Takanobu Nakajima and Kozo Kiyota, "Productivity Convergence at the Firm Level", May 2005.
CF-340. Miwa, Yoshiro and J. Mark Ramseyer, "The Good Occupation", May 2005.
CF-339. Baba, Naohiko, Motoharu Nakashima, Yosuke Shigemi and Kazuo Ueda, "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market", April 2005.
CF-338. Matsuoka, Ryosuke and Akihiko Takahashi, "A New Computational Scheme for Computing Greeks by the Asymptotic Expansion Approach", April 2005.
CF-337. Kobayashi, Takao, Seisho Sato and Akihiko Takahashi, "Style Analysis Based on a General State Space Model and Monte Carlo Filter", April 2005.
CF-336. Oda, Nobuyuki and Kazuo Ueda, "The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach", April 2005.
CF-335. Takahashi, Akihiko and Nakahiro Yoshida, "Monte Carlo Simulation with Asymptotic Method", April 2005.
CF-334. Khan, Haider A., "Governance, African Debt, and Sustainable Development: Policies for Partnership with Africa", April 2005.
CF-333. Akai, Nobuo and Dan Sasaki, "Action Timing as a Collusive Common Good", March 2005.
CF-332. Akai, Nobuo and Dan Sasaki, "Inflexibility as a Stabilisation Device", March 2005.
CF-331. Khan, Haider, "Governance and Effectiveness of Japanese Aid: Towrds Optimality", March 2005.
CF-330. Fukuda, Shin-ichi, Munehisa Kasuya and Jouchi Nakajima, "Bank Health and Investment: An Analysis of Unlisted Companies in Japan", March 2005.
CF-329. Kiyota, Kozo and Tetsuji Okazaki, "Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: Micro-aspects of Industrial Policy", March 2005.
CF-328. Braun, R. Anton, Daisuke Ikeda and Douglas H. Joines, "Saving and Interest Rates in Japan: Why They Have Fallen and Why They Will Remain Low", March 2005.
CF-327. Konya, Istvan and Hiroshi Ohashi, "International Consumption Patterns among High-income Countries: Evidence from the OECD data", March 2005.
CF-326. Chousa, Juan Pineiro, Haider A. Khan, Davit N. Melikyan and Artur Tamazian, "Institutional and Financial Determinants of Development: New Evidence from Advanced and Emerging Markets", March 2005.
CF-325. Ohashi, Hiroshi, "How does Ownership Structure Affect the Timing of New Product Introductions? Evidence from the U. S. Video Game Market", March 2005.
CF-324. Srivastava M. S. and Tatsuya Kubokawa, "Comparison of Discrimination Methods for High Dimensional Data", March 2005.
CF-323. Kamiya, Kazuya and Takashi Shimizu, "On the Role of Tax-Subsidy Scheme in Money Search Models", March 2005.
CF-322. Arimoto, Yutaka, Tetsuji Okazaki and Masaki Nakabayashi, "Risk, Transaction costs, and Geographic Distribution of Share Tenancy: A Case of Pre-War Japan", March 2005.
CF-321. Anderson, T. W., Naoto Kunitomo and Yukitoshi Matsushita, "A New Light from Old Wisdoms : Alternative Estimation Methods of Simultaneous Equations and Microeconometric Models", February 2005.
CF-320. Hamao, Yasushi, Takeo Hoshi and Tetsuji Okazaki, "The Genesis and the Development of the Pre-war Japanese Stock Market", February 2005.
CF-319. Arai, Yoichi and Eiji Kurozumi, "Testing for the Null Hypothesis of Cointegration with Structural Breaks", February 2005.
CF-318. Yotopoulos, Pan A. and Yasuyuki Sawada, "Exchange Rate Misalignment: A New Test of Long-Run PPP Based on Cross-Country Data", February 2005.
CF-317. Kubokawa, Tatsuya and Ming-Tien Tsai, "Estimation of Covariance Matrices in Fixed and Mixed Effects Linear Models", January 2005.
CF-316. Oum, Tae Hoon, Xiaowen Fu and Mark Lijesen, "An Analysis of Airport Pricing and Regulation in the Presence of Competition Between Full Service Airlines and Low Cost Carriers", January 2005.
CF-315. Akai, Nobuo and Masayo Sakata, "Fiscal Decentralization, Commitment and Regional Inequality: Evidence from State-level Cross-sectional Data for the United States", January 2005.
CF-314. Sawada, Yasuyuki and Satoshi Shimizutani, "Are People Insured Against Natural Disasters? Evidence from the Great Hanshin-Awaji (Kobe) Earthquake in 1995", January 2005.
CF-313. Akai, Nobuo and Kazuhiko Mikami, "On Fiscal Federalism under Democracy", January 2005.

[2004]
CF-312. Chambers, Matthew, Carlos Garriga and Don E. Schlagenhauf, "Accounting for Changes in the Homeownership Rate", December 2004.
CF-311. Miwa, Yoshiro and J. Mark Ramseyer, "Industrial Finance Before the Financial Revolution: Japan at the Turn of the Last Century", December 2004.
CF-310. Okazaki, Tetsuji, "Holding Company and Bank: An Historical Comparative Perspective on Corporate Governance in Japan", December 2004.
CF-309. Takeda, Yuka, "Transient or Chronic Poverty in Russia? The Urban and Rural Poor during the 1990s"(in Russian), December 2004.
CF-308. Kubokawa, Tatsuya and William E. Strawderman, "On Minimaxity and Admissibility of Hierarchical Bayes Estimators", December 2004.
CF-307. Sawada, Michiru and Tetsuji Okazaki, "Effects of Bank Consolidation Promotion Policy: Evaluating the Bank Law in 1927 Japan", November 2004.
CF-306. Kubokawa, Tatsuya, "Estimation of a Mean of a Normal Distribution with a Bounded Coefficient of Variation", October 2004.
CF-305. Hannah, Leslie, "Concentration and Productivity: A Broader Perspective", October 2004.
CF-304. Matsushima, Hitoshi, "Non-Consequential Moral Preferences, Detail-Free Implementation, and Representative Systems", October 2004.
CF-303. Arai, Yoichi, "Testing for Linearity in Regressions with I (1) processes", October 2004.
CF-302. Yamamori, Tetsuo, Kazuhiko Kato, Toshiji Kawagoe and Akihiko Matsui, "Voice Matters in a Dictator Game", September 2004.
CF-301. Nelson, Patricia A., "The Effect of Innovation and Technological Change on Information Flows, Authority and Industry Associations in Japan", September 2004.
CF-300. Srivastava, Muni S. and Tatsuya Kubokawa, "Empirical Bayes Regression Analysis with Many Regressors but Fewer Observations", September 2004.
CF-299. Kobayashi, Takao, Akihiko Takahashi and Norio Tokioka, "Dynamic Optimality of Yield Curve Strategies", September 2004.
CF-298. Takahashi, Akihiko and Yoshihiko Uchida, "New Acceleration Schemes with the Asymptotic Expansion in Monte Carlo Simulation", September 2004.
CF-297. Omori, Yasuhiro, Siddhartha Chib, Neil Shephard and Jouchi Nakajima, "Stochastic Volatility with Leverage: Fast Likelihood Inference", August 2004.
CF-296. Kubokawa, Tatsuya, "Estimation of Bounded Location and Scale Parameters", August 2004.
CF-295. Matsuyama, Kiminori, "Beyond Icebergs: Modeling Globalization as Biased Technical Change", August 2004.
CF-294. Matsuyama, Kiminori, "The Good, The Bad, and The Ugly: An Inquiry into the Causes and Nature of Credit Cycles", August 2004.
CF-293. Matsuyama, Kiminori, "Credit Market Imperfections and Patterns of International Trade and Capital Flows", August 2004.
CF-292. Matsui, Muneya and Akimichi Takemura, "Some Improvements in Numerical Evaluation of Symmetric Stable Density and its Derivatives", August 2004.
CF-291. Ohashi, Hiroshi, Tae-Seung Kim, Tae Hoon Oum and Chunyan Yu, "Choice of Air Cargo Transshipment Airport: An Application to Air Cargo Traffic to/from Northeast Asia", July 2004.
CF-290. Miwa, Yoshiro and J. Mark Ramseyer, "Toward a Theory of Jurisdictional Competition: The Case of the Japanese FTC", July 2004.
CF-289. Zhang, Qiang, "Accounting for Human Capital and Weak Identification in Evaluating the Epstein-Zin-Weil Non-Expected Utility Model of Asset Pricing", July 2004.
CF-288. Wada, Kazuo, "Kiichiro Toyoda and the Birth of the Japanese Automobile Industry: Reconsideration of Toyoda-Platt Agreement", July 2004.
CF-287. Matsushima, Hitoshi, "On Detail-Free Mechanism Design and Rationality", June 2004.
CF-286. Kandori, Michihiro, Roberto Serrano and Oscar Volij, "Decentralized Trade, Random Utility and the Evolution of Social Welfare", June 2004.
CF-285. Juan Pineiro Chousa, Haider A. Khan, Davit Melikyan, Artur Tamazian, "Assesing Institutional Efficiency, Growth and Integration", June 2004.
CF-284. Okazaki, Tetsuji, "The Role of the Merchant Coalition in Pre-modern Japanese Economic Development: An Historical Institutional Analysis", June 2004.
CF-283. Kamiya, Kazuya, Noritsugu Morishita and Takashi Shimizu, "On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost", June 2004.
CF-282. Matsushima, Hitoshi, "Large Auction Design in Dominance", June 2004.
CF-281. Khan, Haider, "On Mortality and Poverty: An Axiomatic Approach With A Modified Index", June 2004.
CF-280. Ohashi, Hiroshi, "Learning by Doing, Export Subsidies, and Industry Growth: Japanese Steel in the 1950s and 1960s", May 2004.
CF-279. Kiyono, Kazuharu and Masahiro Okuno-Fujiwara, "Strategic International Agreement on Global Environment Management", May 2004.
CF-278. Miwa, Yoshiro and J. Mark Ramseyer, "The Fable of the Keiretsu, and Other Tales of Japan We Wish Were True", May 2004.
CF-277. Tanimoto, Masayuki, "Capital Accumulation and the Local Economy: Brewers and Local Notables", May 2004.
CF-276. Ando, Munetomo and Noriyuki Yanagawa, "Cost of Enforcement in Developing Countries with Credit Market Imperfection", May 2004.
CF-275. Tanimoto, Masayuki, "The Role of Tradition in Japan's Industrialization: A Perspective of "Indigenous Development"", April 2004.
CF-274. Kiyota, Kozo and Tetsuji Okazaki, "Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: The Japanese Industrial Policy Revisited", April 2004.
CF-272. Kunitomo, Naoto and Takashi Owada, "Empirical Likelihood Estimation of Levy Processes", April 2004.
CF-271. Fukuda, Shin-ichi and Masanori Ono, "The Choice of Invoice Currency under Uncertainty: Theory and Evidence from Korea", April 2004.
CF-270. Kubokawa, Tatsuya, "Minimaxity in Estimation of Restricted Parameters", March 2004.
CF-269. Hatta, Tatsuo, "A Theory of Commodity Tax Reform under Revenue Constraint", March 2004.
CF-268. Okazaki, Tetsuji, "The Role of the Merchant Coalition in Pre-modern Japanese Economic Development: An Historical Institutional Analysis", March 2004.
CF-267. Miwa, Yoshiro and J. Mark Ramseyer, "Deregulation and Market Response in Contemporary Japan: Administrative Guidance, Keiretsu, and Main Banks", March 2004.
CF-266. Nishiyama, Shinichi, "Analyzing an Aging Population --- A Dynamic General Equilibrium Approach ---", March 2004.
CF-265. Iwami, Toru, "Economic Development and/or Environmental Quality: Emissions of CO2 and SO2 in East Asia", February 2004.
CF-264. Kubokawa, Tatsuya, "A Revisit to Estimation of the Precision Matrix of the Wishart Distribution", February 2004.
CF-263. Kasuya, Makoto, "Continuity and Change in the Employment and Promotion of Japanese White-Collar Employees: The Case of the House of Mitsui", February 2004.
CF-262. Okuda, Hiroshi ed., "History of the Russian Peasantry in the 20th Century (volume 2), Tokyo, 2004", February 2004.
CF-261. Clements, Matthew T. and Hiroshi Ohashi, "Indirect Network Effects and the Product Cycle: Video Games in the U.S., 1994-2002", February 2004.
CF-260. Khan, Haider A., "Globalization: Challenges and Opportunities", January 2004.
CF-259. Khan, Haider A., "Towards A Field Theory of Innovating Multinational Firms in the Digital Economy: Creative Capital in a POLIS", January 2004.
CF-258. Khan, Haider A., Jyh-Jeng Wu and Chao-Chung Kang, "Foreign Direct Investment and the Performance of MNCs: Taiwanese Firms' in People's Republic of China and Southeast Asia", January 2004.
CF-257. Khan, Haider A., "Development as Freedom", January 2004.
CF-256. Okazaki, Tetsuji, "Selection and Imitation in Institutional Evolution: Analysis of Institutional Change in Japan, 1960-1999", January 2004.

[2003]
CF-255. Kandori, Michihiro and Ichiro Obara, "Efficiency in Repeated Games Revisited: The Role of Private Strategies", December 2003.
CF-254. Matsushima, Hitoshi, "Universal Mechanisms and Moral Preferences in Implementation", December 2003.
CF-253. Yajima, Yoshihiro and Yasumasa Matsuda, "On Nonparametric and Semiparametric Testing for Multivariate Time Series", December 2003.
CF-252. Braun, R. Anton and Etsuro Shioji, "Monetary Policy and the Term Structure of Interest Rates in Japan", December 2003.
CF-251. Braun, R. Anton and Etsuro Shioji, "Monetary Policy and Economic Activity in Japan and the United States", December 2003.
CF-250. Braun, R. Anton and Etsuro Shioji, "Aggregate Risk in Japanese Equity Markets", December 2003.
CF-249. Takahashi, Akihiko and Nakahiro Yoshida, "Monte Carlo Simulation with Asymptotic Method", November 2003.
CF-248. Takahashi, Akihiko and Nakahiro Yoshida, "An Asymptotic Expansion Scheme for the Optimal Investment Problems", November 2003.
CF-247. Fukuda, Shin-ichi and Sanae Ohno, "Exchange Rate Regimes in East Asia after the Crisis: Implications from Intra-daily Data", November 2003.
CF-246. Kandori, Michihiro and Ichiro Obara, "Less is More: An Observability Paradox in Repeated Games", November 2003.
CF-245. Kunitomo, Naoto and Akihiko Takahashi, "Applications of the Asymptotic Expansion Approach based on Malliavin-Watanabe Calculus in Financial Problems", November 2003.
CF-244. Matsushima, Hitoshi, "Implementation and Preference for Honesty", October 2003.
CF-243. Okazaki, Tetsuji, ""Voice" and "Exit" in Japanese Firms during the Second World War: Sanpo Revisited", October 2003.
CF-242. Matsushima, Hitoshi, "Repeated Games with Private Monitoring: Two Players", October 2003.
CF-241. Okazaki, Tetsuji, Michiru Sawada and Kazuki Yokoyama, "Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry", October 2003.
CF-240. Miwa, Yoshiro and J. Mark Ramseyer, "Conflicts of Interest in Japanese Insolvencies: The Problem of Bank Rescues", September 2003.
CF-239. Miwa, Yoshiro and J. Mark Ramseyer, "Does Relationship Banking Matter? Japanese Bank-Borrower Ties in Good Times and Bad", August 2003.
CF-238. Shimizu, Chihiro, Kiyohiko G. Nishimura and Yasushi Asami, "Measuring the Cost of Imperfect Information in the Tokyo Housing Market", August 2003.
CF-237. Kunitomo, Naoto and Yukitoshi Matsushita, "Asymptotic Expansions of the Distributions of Semi-Parametric Estimators in a Linear Simultaneous Equations System", August 2003.
CF-236. Jimenez, Emmanuel and Yasuyuki Sawada, "Does Community Management Help Keep Kids in Schools? Evidence Using Panel Data from El Salvador's EDUCO Program", July 2003.
CF-235. Sawada, Yasuyuki, "Immiserizing Growth: An Empirical Evaluation", July 2003.
CF-234. Kang, Sun Jin and Yasuyuki Sawada, "Credit Crunches and Household Welfare: The Case of the Korean Financial Crisis", July 2003.
CF-233. Khan, Haider A., "The Future of Japanese Aid to South and Southeast Asia: A Comparative Analysis", July 2003.
CF-232. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "Liquidity Motives of Holding Money under Investment Risk: A Dynamic Analysis", July 2003.
CF-231. Khan, Haider A., "Digital Transitions: The POLIS Theory and the NIEs", July 2003.
CF-230. Khan, Haider A., "Corporate Governance: The Limits of the Principal-Agent Approach in Light of the Family-Based Corporate Governance System in Asia", July 2003.
CF-229. Khan, Haider A., "Corporate Governance of Family-Based Business in Asia: Which Road to Take?", July 2003.
CF-228. Khan, Haider A., "Corporate Governance in Singapore and Hong Kong: What Can the Other Asian Economies Learn?", July 2003.
CF-227. Okazaki, Tetsuji, "Selection and Imitation in Institutional Evolution: Analysis of Institutional Change in Japan, 1960-1999", June 2003.
CF-226. Matsui, Muneya and Akimichi Takemura, "Empirical Characteristic Function Approach to Goodness-of-Fit Tests for the Cauchy Distribution with Parameters Estimated by MLE or EISE", June 2003.
CF-225. Dekle, Robert and Kenneth Kletzer, "The Japanese Banking Crisis and Economic Growth: Theoretical and Empirical Implications of Deposit Guarantees and Weak Financial Regulation", May 2003.
CF-224. Ago, Takanori, Ikumo Isono and Takatoshi Tabuchi, "Locational Disadvantage and Losses from Trade: Three Regions in Economic Geography", May 2003.
CF-223. Tabuchi, Takatoshi and Jacques-Francois Thisse, "Regional Specialization, Urban Hierarchy, and Commuting Costs", May 2003.
CF-222. Nishimura, Kiyohiko G., Takanobu Nakajima and Kozo Kiyota, "Does Natural Selection Mechanism Still Work in Severe Recessions? --Examination of the Japanese Economy in the 1990s--", May 2003.
CF-221. Omori, Yasuhiro and Toshiaki Watanabe, "Block Sampler and Posterior Mode Estimation for a Nonlinear and Non-Gaussian State-Space Model with Correlated Errors", May 2003.
CF-220. Kamiya, Kazuya and Dolf Talman, "Random Matching Models and Money: The Global Structure and Approximation of the Set of Stationary Equilibria", May 2003.
CF-219. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "A Simple Axiomatization of Iterated Choquet Objectives", May 2003.
CF-218 Lim, Lee Kian and Michael McAleer, "Convergence and Catching Up in ASEAN: A Comparative Analysis", March 2003.
CF-217 Basmann, Robert L., Michael McAleer and Daniel Slottje, "Patent Activity and Technical Change", March 2003.
CF-216 Chan, Felix and Michael McAleer, "On the Structure, Asymptotic Theory and Applications of STAR-GARCH Models", March 2003.
CF-215 He, Zonglu, Koichi Maekawa and Michael McAleer, "Asymptotic Properties of the Estimator of the Long-run Coefficient in a Dynamic Model with Integrated Regressors and Serially Correlated Errors", March 2003.
CF-214 Lim, Christine and Michael McAleer, "Modelling International Travel Demand from Singapore to Australia", March 2003.
CF-213 Watkins, Clinton and Michael McAleer, "Pricing of Non-ferrous Metals Futures on the London Metal Exchange", March 2003.
CF-212 Zhang, Zhaoyong, Kiyotaka Sato and Michael McAleer, "Asian Monetary Integration: A Structural VAR Approach", March 2003.
CF-211 Verhoeven, Peter and Michael McAleer, "Fat Tails and Asymmetry in Financial Volatility Models", March 2003.
CF-210 Sequeira, John M., Pang Chia Chiat and Michael McAleer, "Volatility Models of Currency Futures in Developed and Emerging Markets", March 2003.
CF-209 Hu, Baiding and Michael McAleer, "Input-output Structure and Growth in China", March 2003.
CF-208 Chan, Felix, Dora Marinova and Michael McAleer, "Modelling the Asymmetric Volatility of Electronics Patents in the USA", March 2003.
CF-207 Ling, Shiqing, W. K. Li and Michael McAleer, "Estimation and Testing for Unit Root Processes with GARCH (1, 1) Errors: Theory and Monte Carlo Evidence", March 2003.
CF-206 Lim, Christine and Michael McAleer, "Ecologically Sustainable Tourism Management", March 2003.
CF-205 Ling, Shiqing and Michael McAleer, "Regression Quantiles for Unstable Autoregressive Models", March 2003.
CF-204 Marinova, Dora and Michael McAleer, "Environmental Technology Strengths: International Rankings Based on US Patent Data", March 2003.
CF-203 Hoti, Suhejla, Felix Chan and Michael McAleer, "Structure and Asymptotic Theory for Multivariate Asymmetric Volatility: Empirical Evidence for Country Risk Ratings", March 2003.
CF-202 Hatta, Tatsuo and Yoshitomo Ogawa, "A Theory of Optimal Tariffs under a Revenue Constraint", March 2003.
CF-201 Matsushima, Hitoshi, "Multi-Group Incentives", March 2003.
CF-200 Kunitomo, Naoto and Yukitoshi Matsushita, "Finite Sample Distributions of the Empirical Likelihood Estimator and the GMM Estimator", March 2003.
CF-199 Jacoby, Sanford M. and Kazuro Saguchi, "The Role of the Senior HR Executive in Japan and the United States: Companies, Countries, and Convergence", February 2003.
CF-198 Yasuyuki Sawada, "Income Risks, Gender, and Human Capital Investment in a Developing Country", February 2003.
CF-197 Aoki, Masanao and Hiroshi Yoshikawa, "Uncertainty, Policy Ineffectiveness, and Long Stagnation of the Macroeconomy", August 2003.
CF-196 Okazaki, Tetsuji and Michiru Sawada, "Bank Merger Wave and Evolution of Financial System: Experience in Prewar Japan", February 2003.
CF-195 Nishimura, Kiyohiko G. and Chihiro Shimizu, "Distortion in Land Price Information---Mechanism in Sales Comparables and Appraisal Value Relation---", February 2003.
CF-194 Abe, Makoto, "A Two-Stage Prediction Model for Web Page Transition", February 2003.
CF-193 Abe, Makoto, Yasemin Boztug and Lutz Hildebrandt, "Investigating the Competitive Assumption of Multinomial Logit Models of Brand Choice by Nonparametric Modeling", February 2003.
CF-192. Khan, Haider A., "General Conclusions: From Crisis to A Global Political Economy of Freedom", February 2003.
CF-191. Khan, Haider A., "The Mangled Miracle and the Alchemy of Finance", February 2003.
CF-190. Kubokawa, Tatsuya and M. S. Srivastava, "Improved Empirical Bayes Ridge Regression Estimators under Multicollinearity", January 2003.
CF-189. Okuda, Hiroshi, ed., "History of the Russian Peasantry in the 20th Century (volume 1), Tokyo, 2002", January 2003.

[2002]
CF-188. Khan, Haider, "Japanese Foreign Aid, Development Expenditures and Taxation in Thailand: Econometric Results from a Bounded Rationality Model of Fiscal Behavior", December 2002.
CF-187. Srivastava, M. S. and Tatsuya Kubokawa, "Minimax Multivariate Empirical Bayes Estimators under Multicollinearity", December 2002.
CF-186. Matsuyama, Kiminori, "Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations", December 2002.
CF-185. Matsushima, Hitoshi, "Mechanism Design with Side Payments: Individual Rationality and Iterative Dominance", December 2002.
CF-184. Kunitomo, Naoto, "Improving Small Sample Properties of the Empirical Likelihood Estimation", November 2002.
CF-183. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "An Axiomatic Approach to ε-contamination", November 2002.
CF-182. Fujimoto, Takahiro, "Architecture, Capability, and Competitiveness of Firms and Industries", November 2002.
CF-181. Fukuda, Shin-ichi, "Post-crisis Exchange Rate Regimes in East Asia", November 2002.
CF-180. Kubokawa, Tatsuya and M. S. Srivastava, "Prediction in Multivariate Mixed Linear Models", October 2002.
CF-179. Matsushima, Hitoshi, "Finitely Repeated Games with Small Side Payments", October 2002.
CF-178. Hitoshi Matsushima, "Honesty-Proof Implementation", October 2002.
CF-177. Yoshiro Miwa, Yoshiro and J. Mark Ramseyer, "Capitalist Politicians, Socialist Bureaucrats? Legends of Government Planning from Japan", October 2002.
CF-176. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "Irreversible Investment and Knichtian Uncertainty", September 2002.
CF-175. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "Economics of Self-Feeding Fear", September 2002.
CF-174. Matsuyama, Kiminori, "A Neoclassical Growth Model with Endogenous Retirement", September 2002.
CF-173. Matsuyama, Kiminori, "On the Rise and Fall of Class Societies", September 2002.
CF-172. Matsuyama, Kiminori, "Good and Bad Investment: An Inquiry into the Causes of Credit Cycles", September 2002.
CF-171. Obinata, Takashi, "Concept and Relevance of Income", September 2002.
CF-170. Kubokawa, Tetsuya and M. S. Srivastava, "Minimax Empirical Bayes Ridge-Principal Component Regression Estimators", September 2002.
CF-169. Kandori, Michihiro, "The Erosion and Sustainability of Norms and Morale", September 2002.
CF-168. Iwamoto, Yasushi, "The Fiscal Investment and Loan Program in Transition", August 2002.
CF-167. Kamiya, Kazuya and Takashi Shimizu, "Real Indeterminacy of Stationary Equilibria in Matching Models with Media of Exchange", August 2002.
CF-166. Khan, Haider A., "Managing Global Risks and Creating Prosperity: the Role of the IMF and Regional Financial Architectures", August 2002.
CF-165. Lin, Chin-Shien, Haider A. Khan and Chi-Chung Huang, "Can the neuro fuzzy model predict stock indexes better than its rivals?", August 2002.
CF-164. Khan, Haider A., "How Effective Is Japanese Foreign Aid? Econometric Results from a Bounded Rationality Model for Indonesia", August 2002.
CF-163. Khan, Haider A., "The Extended Panda's Thumb and a New Global Financial Architecture", August 2002.
CF-162. Kubokawa, Tatsuya and M. S. Srivastava, "Estimating the Covariance Matrix: A New Approach", July 2002.
CF-161. Feng, Cheng-Min, Chao-Chung Kang, and Haider A. Khan, "On Modelling Negotiations within a Dynamic Multi-objective Programming Framework: Analysis of Risk Measurement with an Application to Large BOT Projects", July 2002.
CF-160. Aoki, Reiko and Sadao Nagaoka, "The Utility Standard and the Patentability of Basic Research", July 2002.
CF-159. Miwa, Yoshiro and J. Mark Ramseyer, "Who Appoints Them, What Do they Do? Evidence on Outside Directors from Japan", July 2002.
CF-158. Miwa, Yoshiro and J. Mark Ramseyer, "The Legislative Dynamic: Evidence from the Deregulation of Financial Services in Japan", July 2002.
CF-157. Khan, Haider A., "China's Entry into the WTO: ICT Sectors, Innovation, Growth and Distribution", July 2002.
CF-156. Khan, Haider A., "On Paradigms, Theories and Models", June 2002.
CF-155. Khan, Haider A. and M. A. Matin, "Information Technology, Growth and Welfare: An Economic and Engineering Analysis of Wavelength Division Multiplexing", June 2002.
CF-154. Matsushima, Hitoshi, "Repeated Games with Correlated Private Monitoring and Secret Price Cuts", June 2002.
CF-153. Ishihara, Shunji, "Worker's Everyday Life Organized by Swedish Labor Movement at the Turn of Century", May 2002.
CF-152. Khan, Haider A., "Digital Development: Challenges and Prospects", May 2002.
CF-151. Khan, Haider A., "Can Banks Learn to Be Rational?", May 2002.
CF-150. Khan, Haider A., "Innovation and Growth: A Schumpeterian Model of Innovation", May 2002.
CF-149. Matsushima, Hitoshi, "Direct Mechanisms, Virtual Implementation, and Majority-Proofness", April 2002.
CF-148. Matsushima, Hitoshi, "Plurality Mechanisms, Virtual Implementation, and Condorcet-Decisiveness", March 2002.
CF-147. Matsushima, Hitoshi, "Stability and Implementation via Simple Mechanisms in the Complete Information Environments", February 2002.
CF-146. Kunitomo, Naoto and Makoto Takaoka, "On RegARIMA Model, RegSSARMA Model and Seasonality", January 2002.
CF-145. Nishimura, Kiyohiko G., Kazunori Minetaki, Masato Shirai and Futoshi Kurokawa, "Effects of Information Technology and Aging Work Force on Labor Demand and Technological Progress in Japanese Industries: 1980-1998", January 2002.
CF-144. Nakayama Yuji and Kiyohiko G. Nishimura, "Does e-Commerce Always Increase Social Welfare in the Long Run?", January 2002.
CF-143. Fujimoto Takahiro and Shinya Orihashi, "The Strategic Effects of Firm Sizes and Dynamic Capabilities on Overseas Operations: A Case-based Comparison of Toyota and Mitsubishi in Thailand and Australia", January 2002.

[2001]
CF-142. Punzo, Lionello F., "The Look of Stagniation: Romania's Erratic Transition", December 2001.
CF-141. Kobayashi, Takao, Akihiko Takahashi and Norio Tokioka, "Dynamic Optimality of Yield Curve Strategies", November 2001.
CF-140. Takahashi, Akihiko, Takao Kobayashi and Naruhisa Nakagawa, "Pricing Convertible Bonds with Default Risk: A Duffie-Singleton Approach", November 2001.
CF-139. Kandori, Michihiro, "Randomization, Communication and Efficiency in Repeated Games with Imperfect Public Monitoring", November 2001.
CF-138. Okazaki, Tetsuji and Kazuki Yokoyama, "Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry", October 2001.
CF-137. Miwa, Yoshiro and J. Mark Ramseyer, "Financial Malaise and the Myth of the Misgoverned Firm", October 2001.
CF-136. Aoki, Masanao and Hiroshi Yoshikawa, "A New Model of Economic Fluctuations and Growth", October 2001.
CF-135. Iwai, Katsuhito, "The Nature of the Business Corporation--Its Legal Structure and Economic Functions", October 2001.
CF-134. Horioka, Charles Yuji, "Are the Japanese Selfish, Altruistic, or Dynastic?", October 2001.
CF-133. Iwami, Toru, ""Advantage of Latecomer"in Abating Air-Pollution: Experience in East Asia", September 2001.
CF-132. Miwa, Yoshiro and J. Mark Ramseyer, "Directed Credit? Capital Market Competition in High-Growth Japan", September 2001.
CF-131. Miwa, Yoshiro and J. Mark Ramseyer, "The Myth of the Main Bank: Japan and Comparative Corporate Governance", September 2001.
CF-130. Hanazaki, Masaharu and Akiyoshi Horiuchi, "Can the Financial Restraint Hypothesis Explain Japan's Postwar Experience?", September 2001.
CF-129. Kunitomo, Naoto and Yong-Jin Kim, "Effects of Stochastic Interest Rates and Volatility on Contingent Claims", September 2001.
CF-128. Matsushima, Hitoshi, "Stable Implementation", August 2001.
CF-127. Rasmusen, Eric B., "Starategic Implications of Uncertainty Over One's Own Private Value in Auctions", August 2001.
CF-126. Ramseyer, J. Mark and Eric B. Rasmusen, "When are Judges and Bureaucrats Left Independent? Theory and History from Imperial Japan, Postwar Japan, and the United States", August 2001.
CF-125. Abe, Makoto, "Investigating Behavioral Explanations for Asymmetric Price Competition", July 2001.
CF-124. Kitamura, Yuichi, Gautam Tripathi and Hyungtaik Ahn, "Empirical Likelihood-Based Inference in Conditional Moment Restriction Models", July 2001.
CF-123. Matsushima, Hitoshi, "The Folk Theorem with Private Monitoring", July 2001.
CF-122. Kunitomo, Naoto and Seisho Sato, "A Generalized SSAR Model and Predictive Distribution with an Application to VaR", July 2001.
CF-121. Fujimoto, Takahiro and Akira Takeishi, "Automobiles: Strategy-based Lean Production System", June 2001.
CF-120. Marsh, Terry and Takao Kobayashi, "The Contributions of Professors Fischer Black, Robert Merton, and Myron Scholes to the Financial Services Industry", June 2001.
CF-119. Arbatskaya, Maria, Kaushik Mukhopadhaya and Eric Rasmusen, "The Parking Lot Problem", June 2001.
CF-118. Lyon, Thomas P. and Eric Rasmusen, "Option Contracts and Renegotiation in Complex Environments", June 2001.
CF-117. Janssen, Maarten and Eric Rasmusen, "Bertrand Competition Under Uncertainty", June 2001.
CF-116. Okazaki, Tetsuji, "The Role of the Merchant Coalition in Premodern Japanese Economic Development: An Historical Institutional Analysis", May 2001.
CF-115. Fukuda, Shin-ichi, "A Model of Keynesian under Knightian Uncertainty", May 2001.
CF-114. Kandori, Michihiro, "Introduction to Repeated Games with Private Monitoring", May 2001.
CF-113. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "A Note on Learning under the Knightian Uncertainty", April 2001.
CF-112. Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "Search under the Knightian Uncertainty", April 2001.
CF-111. Okazaki, Tetsuji and Kazuki Yokoyama, "Governance and Performance of Banks in Prewar Japan: Testing the "Organ Bank" Hypothesis Quantitatively", April 2001.
CF-110. Takenouchi, Masaki, "International Division of Labour and Migration as a Global Labour Supply---A Theoretical Perspective to Study International Migration---", March 2001.
CF-109. Miwa, Yoshiro and J. Mark Ramseyer, "The Fable of the Keiretsu", March 2001.
CF-108. Wasti, S. Nazli, "Predictors of Trust in Buyer-Supplier Relations: A Contextual and Cultural Comparison of Japan and Turkey", March 2001.
CF-107. Takeishi, Akira and Takahiro Fujimoto, "Modularization in the Auto Industry: Interlinked Multiple Hierarchies of Product, Production, and Supplier Systems", March 2001.
CF-106. Ihara, Motoi and Akira Kudo, "Technology Transfer and Adaptation to Local Conditions: Multinationalization of the Japanese Chemical Industry and the Case of Kao", February 2001
CF-105. Miwa, Yoshiro and J. Mark Ramseyer, "Does Ownership Matter? Evidence from the Zaibatsu Dissolution Program", February 2001
CF-104. Miwa, Yoshiro and J. Mark Ramseyer, "Property Rights and Indigenous Tradition Among Early 20th Century Japanese Firms", February 2001.
CF-103. Miwa, Yoshiro and J. Mark Ramseyer, "Apparel Distribution: Inter-firm Contracting and Intra-firm Organization", February 2001.
CF-102. Miwa, Yoshiro and J. Mark Ramseyer, "Japanese Distribution: Background, Issues, Examples", February 2001.
CF-101. Fukuda, Shin-ichi and Takashi Onodera, "A New Composite Index of Coincident Economic Indicators in Japan: How can we improve the forecast performance? ", January 2001.
CF-100. Iwai, Katsuhito, "What is Corporation? ---The Corporate Personality Controversy and Comparative Corporate Governance", January 2001.
CF-99. Tabuchi, Takatoshi and Jacques-Francois Thisse, "Labor Mobility and Economic Geography", January 2001.

[2000]
CF-98. Matsushima, Hitoshi, "Small Verifiability in Long-Term Relationships", December 2000.
CF-97. Nishimura, Kiyohiko G. and Masato Shirai, "Fixed Costs, Imperfect Competition and Bias in Technology Measurement: Japan and the United States", November 2000.
CF-96. Morita, Masataka and Kiyohiko G. Nishimura, "Ingormation Technology and Automobile Distribution: A Comparative Study of Japan and the United States", November 2000.
CF-95. Nakagane, Katsuji,"SOE Reform and Privatization in China---A note on several theoretical and empirical issues", November 2000.
CF-94. Boadway, Robin W., Paul A. R. Hobson and Nobuki Mochida, "Fiscal Equalization in Japan: Assessment and Recommendations", October 2000.
CF-93. Tabuchi, Takatoshi, Jacques-Francois Thisse, Dao-Zhi Zeng, "On the Evolution of a Multi-regional System", September 2000.
CF-92. Matsui, Akihiko and Takashi Shimizu, "A Theory of Money with Market Places", September 2000.
CF-91. Eguchi, Kyota, "Unions, Job Security, and Incentives of Workers", September 2000.
CF-90. Itoh, Motoshige and Naoki Shimoi, "On the Role of Monetary Policy in a Deflationary Economy: The Case of Japan", September 2000.
CF-89. Takemura, Akimichi and Satoshi Kuriki, "Maximum Covariance Di erence Test for Equality of Two Covariance Matrices", September 2000.
CF-88. Eguchi, Kyota, "Employment Protection Regulations and New Hiring", August 2000.
CF-87. Miwa, Yoshiro and J. Mark Ramseyer, "Banks and Economic Growth: Implications from Japanese History", July 2000.
CF-86. Park, Joon, Y., "Nonstationary Nonlinear Heteroskedasticity: An Alternative to ARCH ", July 2000.
CF-85. Chang, Yoosoon, "Nonlinear IV Unit Root Tests in Panels with Cross-Sectional Dependency", July 2000.
CF-84. Matsushima, Hitoshi, "The Folk Theorem with Private Monitoring and Uniform Sustainability", July 2000.
CF-83. Ihori, Toshihiro, Takero Doi and Hiroki Kondo, "Japanese Fiscal Reform: Fiscal Reconstruction and Fiscal Policy", July 2000.
CF-82. Obinata, Takashi, "Choice of Pension Discount Rate in Financial Accounting and Stock Prices", July 2000.
CF-81. Chen, Jin, Takahiro Fujimoto and Chunli Lee, "The Advance to Car Production and Globalization of the Chinese Munitions Enterprises", July 2000.
CF-80. Fukuda, Shin-ichi, Ji Cong, Megumi Okui and Kenichi Okuda, "Long Term Loans and Investment in Japan: An Empirical Analysis Based on the Panel Data of Japanese Firms", July 2000.
CF-79. Tabuchi, Takatoshi and Dao-Zhi Zeng, "Stability of Spatial Equilibrium", July 2000.
CF-78. Ishikawa, Jota and Kazuharu Kiyono, "International Trade and Global Warming", June 2000.
CF-77. Kuriki, Satoshi and Akimichi Takemura, "Tail Probabilities of the Limiting Null Distributions of the Anderson-Stephens Statistics", June 2000.
CF-76. Hanazaki, Masaharu and Akiyoshi Horiuchi, "Have Banks Contributed to Efficient Management in Japan's Manufacturing?", June 2000.
CF-75. Ihori, Toshihiro and Hiroki Kondo, "Efficiency of Disaggregate Public Capital Provision in Japan", June 2000.
CF-74. Okazaki, Tetsuji, "Role of Holding Companies in Prewar Japanese Economic Development: Rethinking Zaibatsu in Perspectives of Corporate Governance", June 2000.
CF-73. Iwami, Toru, "A Vulnerable Power in the World Economy: Japan's Economic Diplomacy and the Yen", May 2000.
CF-72. Kobayashi, Takao and Hiroyuki Yamada, "Publicly Listed Parent/Subsidiary Pairs: Benchmarking to TOPIX and Market Distortion", May 2000.
CF-71. Kanemoto, Yoshitsugu, "Global Warming and Transport Policies", May 2000.
CF-70. Miwa, Yoshiro and J. Mark Ramseyer, "Rethinking Relationship-Specific Investments: Subcontracting in the Japanese Automobile Industry", April 2000.
CF-69. Okazaki, Tetsuji, "Government-Firm Relationship in Postwar Japan: Success and Failure of the Bureau-Pluralism", April 2000.
CF-68. Ihori, Toshihiro, "Defense Expenditures and Allied Cooperation", March 2000.
CF-67. Kunitomo, Naoto and Yong-Jin Kim, "Effects of Stochastic Interest Rates and Volatility on Contingent Claims", January 2000.

[1999]
CF-66. Nakamura, Tsuyoshi, "The Role of R&D Diversification in Exploiting Knowledge Spillover: Evidence from Major Japanese Chemical and Pharmaceutical Companies", December 1999.
CF-65. Ottaviano, Gianmarco, Takatoshi Tabuchi, and Jacques-Francois Tissse, "Agglomeration and Trade Revisited", December 1999.
CF-64. Matsushima, Hitoshi, "Moral Decision and Information Aversion", November 1999.
CF-63. Miwa Yoshiro and J. Mark Ramseyer, "The Value of Prominent Directors: Lessons in Corporate Governance from Transitional Japan", October 1999.
CF-62. Kubokawa, Tatsuya and M. S. Srivastava, "Prediction in Multivariate Mixed Linear Models with Equal Replications", October 1999.
CF-61. Iwami, Toru, "Economic Development and Environment in Southeast Asia: An Introductory Note", October 1999.
CF-60. Kubokawa, Tatsuya, "Estimation of Variance and Covariance Components in Elliptically Contoured Distributions", September 1999.
CF-59. Takemura, Akimichi and Satoshi Kuriki, "Tail Probability via Tube Formula and Euler Characteristic Method when Critical Radius is Zero", September 1999.
CF-58. Fukuda, Shin-ichi, "The Impacts of Bank Loans on Economic Development: An Implication for East Asia from an Equilibrium Contract Theory", August 1999.
CF-57. Ihori, Toshihiro, "Environmental Externalities, Abatement Behavior and Consumption Taxes", August 1999.
CF-56. Motonishi, Taizo and Hiroshi Yoshikawa, "Causes of the Long Stagnation of Japan during the 1990's: Finaicial or Real?", August 1999.
CF-55. Kunitomo, Naoto, "On Ergodicity of Some TAR(2) Processes", July 1999.
CF-54. Takemura, Akimichi and Satoshi Kuriki, "Maximum of Gaussian Field on Piecewise Smooth Domain: Equivalence of Tube Method and Euler Characteristic Method", July 1999.
CF-53. Matsushima, Hitoshi,"The Role of Mobility among Regions in Coordination",June 1999.
CF-52. Kubokawa, Tatsuya and M.S. Srivastava,"Estimating the Covariance Matrix: A New Approach", June 1999.
CF-51. Pyo, Hak K. and Kwanghee Nam,"A Test of the Convergence Hypothesis by Rates of Return to Capital: Evidence from OECD Countries",June 1999.
CF-50. Kunitomo, Naoto and Seisho Sato,"On Simultaneous Switching Autoregressive Model",June 1999.
CF-49. Kandori, Michihiro,"Check Your Partners' Behavior by Randomization: New Efficiency Results on Repeated Games with Imperfect Monitoring", May 1999.
CF-48. Miwa, Yoshiro and J. Mark Ramseyer,"Corporate Governance in Transitional Economies: Lessons from the Pre-War Japanese Cotton Textile Industry", May 1999.
CF-47. Eguchi, Kyota,"Effect of the Union under Moral Hazard", April 1999.
CF-46. Eguchi, Kyota,"Unions as Commitment Devices: Strong Unions are Welcome", April 1999.
CF-45. Eguchi, Kyota,"Wage Profile and Monitoring under Adverse Selection", April 1999.
CF-44. Nakanishi, Toru,"Poverty, Customary Economy and Migration in Metro Manila: An Analysis of Changes in Social Customs in a Squatter Area: 1985-1994", April 1999.
CF-43. Aoki, Masanao and Hiroshi Yoshikawa,"Demand Creation and Economic Growth", March 1999.
CF-42. Bhaskar, Venkataraman and Ted To,"Oligopsony and the Distribution of Wages", March 1999.
CF-41. Tabuchi, Takatoshi and Atsushi Yoshida,"Urban Agglomeration Economies in Consumption and Production", February 1999.
CF-40. Takemura, Akimichi, "Local Recoding by Maximum Weight Matching for Disclosure Control of Microdata Sets", February 1999.
CF-39. Treisman, Daniel and Vladimir Gimpelson,"Political Business Cycles and Russian Elections, or the Manipulations of "Chudar"", February 1999.
CF-38. Srivastava, M. S. and Tatsuya Kubokawa,"Improved Nonnegative Estimation of Multivariate Components of Variance", January 1999.
CF-37. Takemura, Akimichi,"Calculating Minimum k-unsafe and Maximum k-safe Sets of Variables for Disclosure Risk Assessment of Individual Records in a Micordata Set", January 1999.



[1998]
CF-36. Fukuda, Shin-ichi and Hideki Toya,"A New View on the Source of East Asian Economic Growth: What Made Capital Stock Accumulation So Remarkable in East Asia?", December 1998.
CF-35. Nishimura, Kiyohiko G. and Lionello F. Punzo,"The Distribution Structure in Three Continents: An Evolutionary Analysis of Italy, Japan and the United States", December 1998.
CF-34. Matsushima, Hitoshi,"Learning as the Dynamics of Emotions and Strength of Confidence", December 1998.
CF-33. Fujimoto, Takahiro and Masanori Yasumoto,"The Impact of Product-Industry Characteristics on Effective Patterns of Product Development", December 1998.
CF-32. Barca, Fabrizio, Katsuhito Iwai, Ugo Pagano and Sandro Trento,"The Divergence of the Italian and Japanese Corporate Governance Models: The Role of Institutional Shocks", December 1998.
CF-31. Iwai, Katsuhito,"Towards a Disequilibrium Theory of Long-run Profits: Shumpeterian Perspective", December 1998.
CF-30. Iwai, Katsuhito,"Schumpeterian Dynamics: A Disequilibrium Theory of Long-run Profits", December 1998.
CF-29. Hanazaki, Masaharu and Akiyoshi Horiuchi,"A Vacuum of Governance in the Japanese Bank Management", December 1998.
CF-28. Mochida, Nobuki and Jorgen J. Lotz,"Fiscal Federalism in Practice, the Nordic Countries and Japan", November 1998.
CF-27. Miwa, Yoshiro,"The Social Responsibility of Directors: Dangerous and Harmful, though maybe not Irrelevant", November 1998.
CF-26. Kim, Yong-Jin and Naoto Kunitomo, "Pricing Options under Stochastic Interest Rates: A New Approach", October 1998.
CF-25. Kubokawa, Tatsuya and M.S. Srivastava, "Estimating Risk and Mean Squared Error Matrix in Stein Estimation", October 1998.
CF-24. Matsushima, Hitoshi, "Multimarket Contact, Imperfect Monitoring, and Implicit Collusion", October 1998.
CF-23. Fujimoto, Takahiro, "Toyota Motor Manufacturing Australia in 1995: An Emergent Global Strategy", October 1998.
CF-22. Ihori, Toshihiro, "Wealth Taxation and Economic Growth", September 1998.
CF-21. Yafeh, Yishay and Oved Yosha, "Large Shareholders and Banks: Who Monitors and How", September 1998.
CF-20. Sussman, Nathan and Yishay Yafeh, "Institutions, Reforms, and Country Risk: Lessons from Japanese Government Debt in the Meiji Period" September 1998.
CF-19. Kubokawa, Tatsuya, A.K.Md. Ehsanes Saleh and Yoshihiko Konno,"Bayes, Minimax and Nonnegative Estimators of Variance Components under Kullback-Leibler Loss", September 1998.
CF-18. Ihori, Toshihiro, "An Economic Analysis of Public Transfers", September 1998.
CF-17. Dinc, I. Serdar, "The Shareholding Structure of Japanese Banks and Their Real Estate Lending in the 1980s", September 1998.
CF-16. Fukuda, Shin-ichi, "Extraneous Shocks and International Linkage of Business Cycles in a Two-Country Monetary Model", August 1998.
CF-15. Kamiya, Hidehiko and Akimichi Takemura, "Rankings Generated by Spherical Discriminant Analysis", August 1998.
CF-14. Matsui, Akihiko, "Strong Currency and Weak Currency", August 1998.
CF-13. Matsushima, Hitoshi,"Efficient Entrepreneurship", July 1998.
CF-12. Baba, Satoshi,"Construction of the Streetcar and Annexation: A Case of the Transport Connection between Frankfurt and Hoechst" (in German), July 1998.
CF-11. Thomke, Stefan and Takahiro Fujimoto,"Shortening Product Development Time through 'Front-Loading' Problem-Solving", July 1998.
CF-10. Chen, Jin and Takahiro Fujimoto,"Different Behaviors of Chinese Auto Maker in Technology Introduction and Assimilation", June 1998.
CF-9. Matsushima, Hitoshi,"Towards a Theory of Subjective Games", June 1998.
CF-8. Fukuda, Shin-ichi,"Seasonal Cycles and Endogenous Business Cycles in a Monetary Economy", June 1998.
CF-7. Matsushima, Hitoshi,"Learning about Stochastic Payoff Structures", June 1998.
CF-6. Kubokawa, Tatsuya,"Shrinkage and Modification Techniques in Estimation of Variance and the Related Problems: A Review", June 1998.
CF-5. Horiuchi, Akiyoshi,"Financial Fragility in Japan: A Governance Issue", June 1998.
CF-4. Takemura, Akimichi and Satoshi Kuriki, "Tail Probabilities of the Maxima of Multilinear Forms and Their Applications", June 1998.
CF-3. Tabuchi, Takatoshi,"Measuring Urban Agglomeration Economies", May 1998.
CF-2. Takahashi, Nobuo, Toshio Goto and Hideki Fujita,"Culture's Consequences in Japanese Multinationals and Lifetime Commitment", May 1998.
CF-1. Miwa, Yoshiro,"'Market' and 'Marketization': From the Japanese Experience", May 1998.
F-10. Horiuchi, Akiyoshi and Katsutoshi Shimizu,"Did Amakudari Undermine the Effectiveness of Regulator Monitoring in Japan?", April 1998.
F-9. Okazaki, Tetsuji and Takafumi Korenaga,"Foreign Exchange Allocation and Productivity Growth in Postwar Japan: A Case of the Wool Industry", March 1998.
F-8. Nishimura, G. Kiyohiko and Masato Shirai,"Measurement of Sectoral Technological Progress in Japan", March 1998.
F-7. Hoshino, Nobuaki and Akimichi Takemura,"On the Relation between Logarithmic Series Model and Other Superpopulation Models Useful for Microdata Disclosure Risk Assessment", March 1998.
F-6. Kunitomo, Naoto and Akihiko Takahashi,"On Validity of the Asymptotic Expansion Approach in Contingent Claim Analysis", February 1998.
F-5. Takemura, Akimichi and Satoshi Kuriki,"Shrinkage to Smooth Non-Convex Cone: Principal Component Analysis as Stein Estimation", January 1998.
F-4. Marsh, Terry A. and Takao Kobayashi,"The Work of Fischer Black, Robert Merton, and Myron Scholes, and its Continuing Legacy", January 1998.
F-3. Martinelli, Cesar and Akihiko Matsui,"Policy Reversals: A Democratic Nixon and a Republican Clinton", January 1998.
F-2. Fukuda, Shin-ichi, Ji Cong, and Akihiro Nakamura,"Determinants of Long-term Loans: A Theory and an Empirical Evidence in Japan", January 1998.
F-1. Yajima, Yoshihiro and Haruhisa Nishino,"Estimation of the Autocorrelation Function of a Stationary Time Series with Missing Observations", January, 1998.



[1997]
F-39. Kaneko, Mamoru and Akihiko Matsui,"Inductive Game Theory: Discrimination and Prejudices", December 1997.
F-38. Ihori, Toshihiro,"Protection against National Emergency: International Public Goods and Insurance", November 1997.
F-37. Iwai, Katsuhito,"Evolution of Money", November 1997.
F-36. Kiyono, Kazuharu and Masahiro Okuno-Fujiwara,"Global Environmental Management: Incentives for Abatement Investment Anticipating an International Bargaining", November 1997.
F-35. Tsukahara, Hideatsu,"A Note on the Prediction Process", October 1997.
F-34. Tsukahara, Hideatsu,"A Limit Theorem for the Prediction Process under Absolute Continuity", October 1997.
F-33. Tsukahara, Hideatsu,"Convergence in Law of Measurable Processes with Applications to the Prediction Process", October 1997.
F-32. Tsukahara, Hideatsu,"Two Transformation Models and Rank Estimation", October 1997.
F-31. Kunitomo, Naoto,"On Estimation of the Simultaneous Switching Autoregressive Models", October 1997.
F-30. Nishimura, Kiyohiko G.,"Expectation Heterogeneity and Price sensitivity", September 1997.
F-29. Takemura, Akimichi,"Some Superpopulation Models for Estimating the Number of Population Uniques",September 1997.
F-28. Miyajima, Hiroshi,"Restructuring the Social Security System in Japan: An Overview", September 1997.
F-27. Fujimoto,Takahiro and Chen, Jin, Chunli Lee,"Adaptation of Lean Production in China: The Impact of the Japanese Management Practice", August 1997.
F-26. Matsui, Akihiko and Masahiro Okuno-Fujiwara,"Evolution and Interaction of Social Norms",August 1997.
F-25. Kunitomo, Naoto and Seisho Sato,"Estimation of Asymmetrical Volatility for Asset Prices: The Simultaneous Switching ARIMA Approach",August 1997.
F-24. Iwai, Katsuhito, "Persons, Things and Corporations: The Corporate Personality Controversy and Comparative Corporate Governance", July 1997.
F-23. Kubokawa, Tatsuya and M. S. Srivastava, "Robust Improvements in Estimation of Mean and Covariance Matrices in Elliptically Contoured Distribution", July 1997.
F-22. Satoshi, Kuriki and Akimichi Takemura, "James-Stein Type Estimator by Shrinkage to Closed Convex Set with Smooth Boundary ", June 1997.
F-21. Matsushima, Hitoshi, "Procedural Rationality and Inductive Learning I: Towards a Theory of Subjective Games", June 1997.
F-20. Kubokawa, Tatsuya, "Double Shrinkage Estimation of Common Coefficients in Two Regression Equations with Heteroscedasticity", June 1997.
F-19. Okazaki, Tetsuji and Takafumi Korenaga, "The Foreign Exchange Allocation Policy in Postwar Japan: Its Institutional Framework and Function ", May 1997.
F-18. Okazaki, Tetsuji and Masahiro Okuno-Fujiwara, "Evolution of Economic Systems: The Case of Japan", May 1997.
F-17. Takahashi, Nobuo and Fumie Ando, "Value Creation Through Organizational Leaning", April 1997.
F-16. Fujimoto, Takahiro, "A Preliminary Note on Comparative Lean Production---Revisiting the Case of Automobile Body Buffer Management---", April 1997.
F-15. Ihori,Toshihiro and Jun-ichi Itaya, "A Dynamic Model of Fiscal Reconstruction", April 1997.
F-14. Kubokawa, Tatsuya, "The Stein Phenomenon in Simultaneous Estimation: A Review", April 1997.
F-13. Fujimoto, Takahiro, "The Japanese Automobile Supplier System Framework, Facts, and Reinterpretation (preliminary draft)", March 1997.
F-12. Fujimoto, Takahiro, "Shortening Lead Time through Early Problem Solving A New Round of Capability-Building Competition in the Auto Industry", March 1997.
F-11. Fukuda, Shin-ichi, "Multiple Equilibria in the Endogenous Economic Growth Model with the Cash-in-Advance Constraint", March 1997.
F-10. Matsushima, Hitoshi, "Bounded Rationality in Economics: A Game Theorist's View", February 1997.
F-9. Ihori, Toshihiro and Jun-ichi Itaya, "Dynamic Provision of Public Goods as Environmental Externalities", February 1997.
F-8. Kamiya, Kazuya and Hidehiko Ichimura, "A Revealed Preference Theory for Nonexpected Utility on ``Certain x Uncertain'' consumption pairs", February 1997.
F-7. Hoshino, Nobuaki and Akimichi Takemura, "On Reduction of Finite Sample Variance by Extended Latin Hypercube Sampling", January 1997.
F-6.Fukuda, Shin-ichi and Takashi Kano, "International Price Linkage within a Region" The Case of East Asia", January 1997.
F-5. Shibata, Tokutaro, "The Great Depression and Modern Capitalism", January 1997.
F-4. Horiuchi, Akiyoshi and Katsutoshi Shimizu, "An Analysis of the Issue Who Monitors the Monitor: The Impact of Amakudari on Bank Performances", January 1997.
F-3. Mochida, Nobuki, "Revenue, Expenditure and Intergovernmental Transfer in Japan", January 1997.
F-2. Lee, Chunli, Jin Chen and Takahiro Fujimoto, "Different Strategies of Localization in the Chinese Auto Industry", January 1997.
F-1. Tabuchi, Takatoshi, "Interregional Differentials in Wage, Income, Land Value, and Consumer Price Index", January 1997.



[1996]
F-25. Nishimura, Kiyohiko G. and Yuji Nakayama, "Competition in Distribution Channels and Macroeconomic Equilibrium under Nominal Demand Shocks", Dec. 1996.
F-24. Horiuchi, Akiyoshi, "Financial Fragility and Recent Developments in the Japanese Safety Net", Nov. 1996.
F-23. Kamiya, Hidehiko, and Akimichi Takemura, "Global cross section and its associated decomposable distributions", Nov. 1996.
F-22. Okazaki, Tetsuji, and Masahiro Okuno-Fujiwara, "Evolution of Economics Systems: the Case of Japan", Oct. 1996.
F-21. Saguchi, Kazuro, "The Japanese Employment System and Meritocracy in a Historical Perspective", Oct. 1996.
F-20. Ihori, Toshihiro, "Environmental Externalities, Growth and Consumption Taxes", Oct. 1996.
F-19. Nishino, Haruhisa, and Yoshihiro Yajima, "On Parameter Estimation of Unit Root Processes with Missing Observations", Oct. 1996.
F-18. Jinno, Naohiko and Andrew DeWit, "Institutionalism and the Intergovernmental Allocation of Taxes", Sept. 1996.
F-17. Ueda, Kazuo, "Causes of the Japanese Banking Instability in the 1990s", Sept. 1996.
F-16. Ihori, Toshihiro and Nobuo Akai, "The Optimal Provision of Public Goods by Local and Central Governments", Aug. 1996.
F-15. Takemura, Akimichi and Satoshi Kuriki, "Theory of Cross Sectionally Contoured Distributions and Its Applications", July 1996.
F-14. Okazaki, Tetsuji, "The Foreign Exchange Allocation Policy in Postwar Japan: Its Institutional Framework and Function", July 1996.
F-13. Horiuchi, Akiyoshi and Katsutoshi Shimizu, "The Deterioration of Bank's Balance Sheets in Japan: Risk-Taking and Recapitalization", June 1996.
F-12. Kubokawa, Tatsuya, A. K. Md. Ehsane Saleh, Yoshihiko Konno and Masaru Ushijima, "Estimation of Variance Components under Kullback-Leibler Loss with Applications", June 1996.
F-11. Kunitomo, Naoto and Seisho Sato, "Stationary and Non-stationary Simultaneous Switching Autoregressive Models with an Application to Financial Time Series", June 1996.
F-10. Kanemoto, Yoshitsugu, "Housing Question in Japan", May 1996.
F-9. Kanemoto, Yoshitsugu, "Agglomeration Economies and a Test for Optimal City Sizes in Japan", Apr. 1996.
F-8. Kanemoto, Yoshitsugu, "On the 'Lock-In' Effects of Capital Gains Taxation", Apr. 1996.
F-7. Ihori, Toshihiro, "Taxes on Capital Accumulation and Economic Growth", Apr. 1996.
F-6. Holtfrerich, Carl-L. and Toru Iwami, "Postwar Central Banking Reform: A German-Japanese Comparison", Apr. 1996.
F-5. Mochida, Nobuki, "Japan's Local Allocation Tax: An Equalization Transfer Scheme", Mar. 1996.
F-4. Kandori, Michihiro, "Evolutionary Game Theory in Economics", Feb. 1996.
F-3. Itoh, Motoshige, "Distribution Systems and Vertical Integration: Protectionism or Normal Business Practice?", Feb. 1996.
F-2. Fujimoto, Takahiro, "An Evolutionary Process of Toyota's Final Assembly Operations: The Role of Ex-post Dynamic Capabilities", Jan. 1996.
F-1. Okuno-Fujiwara, Masahiro, "Toward a Comparative Institutional Analysis of Government Business Relationship", Jan. 1996.



[1995]
F-35. Kunitomo, Naoto and Seisho Sato, "Tables of Limiting Distribution Useful for Testing Unit Roots and Cointegration Multiple Structural Breaks", Dec. 1995.
F-34. Horiuchi, Akiyoshi, "Financial Sector Reforms in Postwar Japan: An Overview", Dec. 1995.
F-33. Kubokawa, Tatsuya and M. S. Srivastava, "Double Shrinkage Estimators of Ratio of Variances", Dec. 1995.
F-32. Ishikawa, Tsuneo, "Growth, Human Development, and Economic Policies in Japan: 1955-1993", Dec. 1995.
F-31. Nishimura, Kiyohiko G. and Hiroshi Tsubo-uchi, "How Much Do Japanese Buyers Pay for Distribution Service?: A Comparative Study between Japan and the United States", Dec. 1995.
F-30. Nishimura, Kiyohiko G. and Atsusi Inoue, "Labour's Share in Japanese Manufacturing 1960-1990: 'Dual Structure' and Imperfect Competition", Nov. 1995.
F-29. Ihori, Toshihiro, "Public Finance in an Overlapping Generations Economy", Nov. 1995.
F-28. Takemura, Akimichi and Satoshi Kuriki, "Weights of P2 Distribution for Smooth or Piecewise Smooth Cone Alternatives", Nov. 1995.
F-27. Kamiya, Kazuya and Hidehiko Ichimura, "Nonparametric Restrictions of Dynamic Optimization Behavior under Risk: The Case of Time-Additive Expected Utility", Oct. 1995.
F-26. Hamaoka, Yutaka, Ichiro Furukawa and Hotaka Katahira, "A Maximum Likelihood Non-Compensatory Model: You Trade-off or Satisfice?", Oct. 1995.
F-25. Baba, Satoshi, "Die Schlesische Leinen-industrie und die Europaische Wirtschaft im 17. und 18. Jahrhundert", Oct. 1995.
F-24. Kuriki, Satoshi and Akimichi Takemura, "Asymptotic Expansion of Null Distribution of Likelihood Ratio Statistic in Multiparameter Exponential Family to an Arbitrary Order", Oct. 1995.
F-23. Kamiya, Hidehiko and Akimichi Takemura, "On Ranking Generated by Pairwise Linear Discriminant Analysis of m Populations", Oct. 1995.
F-22. Matsushima, Hitoshi, "Multimarket Contact, Imperfect Monitoring, and Implicit Collusion", Oct. 1995.
F-21. Miwa, Yoshiro, "Development of Interfirm Computerized Information System in Distribution", Oct. 1995.
F-20. Jinno, Naohiko, "Reinforcing the Fiscal Resources of the Local Authorities: The Japanese Experience", Aug. 1995.
F-19. Kunitomo, Naoto and Akihiko Takahashi, "The Asymptotic Expansion Approach to the Valuation of Interest Rates Contingent Claims", July 1995.
F-18. Itoh, Motoshige and Masayuki Tanimoto, "Rural Entrepreneurs in the Cotton Weaving Industry in Japan", June 1995.
F-17. Gupta, Vipin and Takahiro Fujimoto, "A Dynamic Model of Exchange Rate and Japanese Exchange System: Management Dynamics of the Free-Fall in Dollar's Exchange Value", May 1995.
F-16. Takemura, Akimichi and Satoshi Kuriki, "A Proof of Independent Bartlett Correctability of Nested Likelihood Ratio Tests", May 1995.
F-15. Kitagawa, Akiomi, "Fiat Money as a Risk-less Asset", Apr. 1995.
F-14. Kitagawa, Akiomi, "Does Money Always Make People Happy?", Apr. 1995.
F-13. Kunitomo, Naoto and Seisho Sato, "A Stationary and Non-Stationary Simultaneous Switching Autoregressive Models with an Application to Financial Time Series", Apr. 1995.
F-12. Takahashi, Nobuo, "Lukewarm Feeling in Japanese Firms: Effective Temperature Hypothesis and Thermometer", Mar. 1995.
F-11. Takahashi, Nobuo, "A Single Garbage Can Model and the Degree of Anarchy in Japanese Firms", Mar. 1995.
F-10. Horiuchi, Akiyoshi, "An Evaluation of Japanese Financial Liberalization: A Case Study of Corporate Bond Markets", Mar. 1995.
F-9. Yajima, Yoshihiro, "Estimation of the Frequency of Unbounded Spectral Densities", Mar. 1995.
F-8. Itoh, Motoshige and Shujiro Urata, "Small and Medium Enterprise Support Policies in Japan", Mar. 1995.
F-7. Horiuchi, Akiyoshi, "Liberalization and Stability in the Japanese Financial System", Mar. 1995.
F-6. Ihori, Toshihiro, "International Public Goods and Contribution Productivity Differentials", Mar. 1995.
F-5. Nishimura, Kiyohiko G., "Non-Price Competition and Social Welfare in Oligopoly", Feb. 1995.
F-4. Iwami, Toru, Tetsuji Okazaki and Hiroshi Yoshikawa, "The Great Depression in Japan: Why So Short and 'Mild'?", Feb. 1995.
F-3. Itoh, Motoshige and Sadao Nagaoka, "VERs, VIEs and Global Competition", Feb. 1995.
F-2. Nishimura, Kiyohiko G., "Uninformed Buyers, Market Information and Volatility of Prices: A Theory of Asset Markets with High Transaction Costs", Jan. 1995.
F-1. Nishimura, Kiyohiko G., "Product Innovation with Mass-Production: Insufficient or Excessive?", Jan. 1995.



[1994]
F-36. Nakao, Arinobu and Akimichi Takemura, "Asymptotic Comparison of Variances of OLS and Feasible GLS Estimators in Hetero-scedastic Regression Model under Contiguous Heteroscedasticity", Dec. 1994.
F-35. Okazaki, Tetsuji, "Relationship between Government and Firm in the Post WWII Economic Recovery: Policy of Industrial Rationalization and Firm", Sept. 1994.
F-34. Ishikawa, Tsuneo, "Distribution of Income and Wealth in Japan: An Introduction and a Synopsis", Sept. 1994.
F-33. Kandori, Michihiro and Hitoshi Matsu-shima, "Private Observation, Communication and Collusion", Sept. 1994.
F-32. Horiuchi, Akiyoshi and Hyon-Gak Shin, "Effectiveness of Institutional Monitoring in the Japanese Corporate Governance", Sept. 1994.
F-31. Takahashi, Nobuo, "The Multi-Office System: The Japanese Experience", Sept. 1994.
F-30. Miwa, Yoshiro, "Introduction and Summary (of Firms and Industrial Organization in Japan)--Firms and Industrial Organization in Japan (1)", rev. ver., Aug. 1994.
F-29. Fujimoto, Takahiro, "The Dynamic Aspect of Product Development Capabilities: An International Comparison in the Automobile Industry", Aug. 1994.
F-28. Miwa, Yoshiro, "Interfirm Relationships-- Firms and Industrial Organization in Japan (11)", Aug. 1994.
F-27. Miwa, Yoshiro, "Corporate Governance in Japanese Firms: Organization Specific Human Capital and Friendly Shareholders--Firms and Industrial Organization in Japan (10)", July 1994.
F-26. Miwa, Yoshiro, "Coordination within Industry: Output, Price, and Investment--Firms and Industrial Organization in Japan (9)", July 1994.
F-25. Miwa, Yoshiro, "Economic Consequences of Investment Coordination in the Steel Industry--Firms and Industrial Organization in Japan (8)", July 1994.
F-24. Miwa, Yoshiro, "'Industrial Policy' of Japan: A Beginner's Guide--Firms and Industrial Organization in Japan (7)", July 1994.
F-23. Nishimura, Kiyohiko G. and Towa Tachi-bana, "Entry Regulations, Tax Distortions and the Bipolarized Market: The Japanese Retail Sector", July 1994.
F-22. Sato, Seisho and Naoto Kunitomo, "Some Properties of the Maximum Likelihood Estimator in Simultaneous Switching Autoregres-sive Model", July 1994.
F-21. Nishimura, Kiyohiko G., "Gains from Price Rigidity", May 1994.
F-20. Fujimoto, Takahiro, "Reinterpreting the Resource-Capability View of the Firms: A Case of the Development-Production Systems of the Japanese Auto Makers", May 1994.
F-19. Miwa, Yoshiro, "An Anatomy of the 'Corporate-Group-View'--Firms and Industrial Organization in Japan (6)", Apr. 1994.
F-18. Miwa, Yoshiro, "'Mainbank' and Its Functions--Firms and Industrial Organization in Japan (5)", Apr. 1994.
F-17. Miwa, Yoshiro, "Economic Analysis of the 'Loan-Concentration Mechanism'--Firms and Industrial Organization In Japan (4)", Apr. 1994.
F-16. Miwa, Yoshiro, "Subcontracting Relationship (Shitauke Relationship): The Case of Automobile Industry--Firms and Industrial Organization in Japan (3)", Apr. 1994.
F-15. Miwa, Yoshiro, "Small Business and the Dual-Structure-View--Firms and Industrial Organization in Japan (2)", Apr. 1994.
F-14. Miwa, Yoshiro, "An Introduction to Japan's Economy and Industry: A Brief History and Three Misconceptions--Firms and Industrial Organization in Japan (1)", Apr. 1994.
F-13. Marsh, Terry A., "Term Structure of Rates and the Pricing of Fixed Income Claims and Bonds", Mar. 1994.
F-12. Kyle, Albert S. and Terry A. Marsh, "On the Economics of Securities Clearing and Settlement", Mar. 1994.
F-11. Iwami, Toru, "Removing Capital Controls: Japanese Case", Feb. 1994.
F-10. Lapavitsas, Costas, "The Classical Adjustment Mechanism of International Balances: The Relevance of the Labour Theory of Value", Feb. 1994.
F-9. Kunitomo, Naoto and Seisho Sato, "Asymmetry in Economic Time Series and Simultaneous Switching Autoregressive Model", Jan. 1994.
F-8. Marsh, Terry A., "Term Structure of Interest Rates and the Pricing of Fixed Income Claims and Bonds", Jan. 1994.
F-7. Kyle, Albert S. and Terry A. Marsh, "On the Economics of Securities Clearing and Settlement", Dec. 1993.
F-6. Gennotte, Ferard and Terry A. Marsh, "The Term Structure, Equity Returns, and Yield Premiums on Risky Bonds", Nov. 1993.
F-5. Iwami, Toru, "Internationalization of Japanese Banking Revisited", Feb. 1994.
F-4. Konishi, Hideki, Masahiro Okuno-Fujiwara and Yutaka Suzuki, "Competition through Endogenized Tournaments: An Interpretation of the 'Face-to-Face' Competition", Jan. 1994.
F-3. Negishi, Takashi, "Jevons and the Development of Mathematical Economics", Jan. 1994.
F-2. Okazaki, Tetsuji, "Evolution of the Financial System in Postwar Japan", Jan. 1994.
F-1. Fujimoto, Takahiro, "The Origin and Evolution of the 'Black Box Parts' Practice in the Japanese Auto Industry", Jan. 1994.



[1993]
F-13. Fujimoto, Takahiro, "Strategies for Assembly Automation in the Automobile Industry", Nov. 1993.
F-12. Horiuchi, Akiyoshi, "Financial Structure and Managerial Discretion in the Japanese Firms: An Implication of the Surge of Equity-related Bonds", Oct. 1993.
F-11. Ishikawa, Tsuneo, "On the Two Conceptu-alizations of Human Investment", Aug. 1993.
F-10. Ishikawa, Tsuneo and Takahisa Dejima, "Measuring the Extent of Duality in the Japanese Labour Market", July 1993.
F-9. Okuno-Fujiwara, Masahiro and Noriyuki Yanagawa, "Optimal Delegation of Authority in Organizations", July 1993.
F-8. Negishi, Takashi, "Introduction to Collected Essays", June 1993.
F-7. Ihori, Toshihiro, "Public Policy and Economic Growth: Japan and the United States", June 1993.
F-6. Miwa, Yoshiro, "Organizations, Networks, and Network Organizations", June 1993.
F-5. Ishikawa, Tsuneo, "Inter-Industry and Firm Size Differences in Job Satisfactions among Japanese Workers", May 1993.
F-4. Horiuchi, Akiyoshi and Qing-yuan Sui, "Influence of the Japan Development Bank Loans on Corporate Investment Behavior", Mar. 1993.
F-3. Fujimoto, Takahiro, "Comparing Performance and Organization of Product Development across Firms, Regions and Industries: The Applicability of the Automobile Case", Mar. 1993.
F-2. Kandori, Michihiro and Rafael Rob, "Bandwagon Effects and Long Run Technology Choice", Feb. 1993.
F-1. Negishi, Takashi, "Procrustean Beds for Adam Smith", Feb. 1993.



[1992]
F-18. Negishi, Takashi, "Smith's Numerical Examples of Division of Labor", Dec. 1992.
F-17. Fujimoto, Takahiro, "Direct Investment of Japanese Automakers in Europe", Dec. 1992.
F-16. Fujimoto, Takahiro, "What Do You Mean by Automation Ratio?: Definitions by the Japanese Auto Makers", Dec. 1992.
F-15. Fujimoto, Takahiro, "Why Do Japanese Companies Automate Assembly Operations?: A Survey in the Auto Industry", Dec. 1992.
F-14. Miwa, Yoshiro, "Policies for Small Business in Japan", Dec. 1992.
F-13. Iwami, Toru, "The Bretton Woods System as a Gold Exchange Standard", Nov. 1992.
F-12. Kunitomo, Naoto, "Long-Memory and Geometric Brownian Motion in Security Market Models", Nov. 1992.
F-11. Nishimura, Kiyohiko G. and Wujin Chu, "The Effect of Price Rigidity on the Intensity of Price Versus Service Quality Competition", Oct. 1992.
F-10. Yoshikawa, Hiroshi, "A Keynesian Model of Economic Growth", Oct. 1992.
F-9. Kandori, Michihiro and Rafael Rob, "Evolution of Equilibria in the Long Run: A General Theory and Applications", Sept. 1992.
F-8. Miwa, Yoshiro, "The Retail Market for Wool Products: The Case of Men's Suits in Japan", Sept. 1992.
F-7. Kunitomo, Naoto, "Tests of Unit Roots Hypotheses in Econometric Models", Aug. 1992.
F-6. Horiuchi, Akiyoshi and Ryoko Okazaki, "Capital Markets and the Banking Sector: The Efficiency of Japanese Banks in Reducing Agency Costs", June 1992.
F-5. Itoh, Motoshige and Kaori Hatanaka, "Access to the Japanese Market by Asian Countries: A Case Study of Wool Textile Industry", June 1992.
F-4. Okazaki, Tetsuji, "The Japanese Firm under the Wartime Planned Economy", June 1992.
F-3. Kaizuka, Keimei, "Japanese Financial Market Reform", May 1992.
F-2. Kanemoto, Yoshitsugu, "On the 'Lock-In' Effects of Capital Gains Taxation", Apr. 1992.
F-1. Iwami, Toru, "Japan's Experiences under the Bretton Woods System: Capital Controls and the Fixed Exchange Rate", Mar. 1992.



[1991]
F-20. Kaizuka, Keimei, "The Shoup Tax System and the Postwar Development of the Japanese Economy", Dec. 1991.
F-19. Negishi, Takashi, "A Smithian Growth Model and Malthus's Optimal Propensity to Save", Dec. 1991.
F-18. Itoh, Motoshige, "The Wool Product Industry in Japan: An Overview", Nov. 1991.
F-17. Kanemoto, Yoshitsugu, "Competition with Two Part Pricing and Commodity Boundling: Applications to Clubs, Local Public Goods, and Networks", Oct. 1991.
F-16. Asaba, Shigeru and Takahiro Fujimoto, "Production of the Japanese Wool Textile/Apparel Industry", Oct. 1991.
F-15. Miwa, Yoshiro, "Recent Trends in the Japanese Wool Textile Market and Their Relations to the International Division of Labour: The Case of Men's Suits", Oct. 1991.
F-14. Ueda, Kazuo, "A Comparative Perspective on Japanese Monetary Policy: The Short-Run Monetary Control and the Transmission Mechanism", Sept. 1991.
F-13. Ueda, Kazuo, "Japanese Monetary Policy During 1970-1990: Rules or Discretion?", Sept. 1991.
F-12. Fujimoto, Takahiro, Marco Iansiti and Kim B. Clark, "External Integration in Product Development", Sept. 1991.
F-11. Iwami, Toru, "The Bretton Woods System as a Gold Exchange Standard", July 1991.
F-10. Nishimura, Kiyohiko G., "The Distribution System of Japan and the United States: A Comparative Study from the Viewpoint of Consumers", July 1991.
F-9. Nishimura, Kiyohiko G., "Pre-Determined Wages, Differential Price Forecasts, and Structural Stability of an Economy", July 1991. (Rev. ver.)
F-8. Nishimura, Kiyohiko G., "The Nature of Inefficiency in the Land Market: The Case of Japanese Farmlands", July 1991. (Rev. ver.)
F-7. Nishimura, Kiyohiko G., "Supply Shocks and Government Policies in a Monopolistically Competitive Economy", July 1991.
F-6. Miwa, Yoshiro, "Economic Effects of the Deconcentration Policies in Postwar Japan", Apr. 1991.
F-5. Negishi, Takashi, "General Equilibrium Theory and History of Economics", Apr. 1991.
F-4. Kunitomo, Naoto and Masayuki Ikeda, "Pricing Options with Curved Boundaries", Mar. 1991.
F-3. Mailath, George, J., Masahiro Okuno-Fujiwara and Andrew Postlewaite, "On Belief Based Refinements in Signaling Games", Jan. 1991.
F-2. Miwa, Yoshiro, "Keiretsu Trades and Product Imports", Feb. 1991.
F-1. Negishi, Takashi, "Malthus Seen from a Smithian Growth Model", Jan. 1991.



[1990]
F-22. Okuno-Fujiwara, Masahiro and Andrew Postlewaite, "Social Norms and Random Matching Games", Nov. 1990.
F-21. Nishimura, Kiyohiko G., "Imcomplete Information, Monopolistic Competition and Macro-economics: Externality in Information Acquisition and the Non-Neutrality of Money", Oct. 1990.
F-20. Morita, Kiriro and Toshio Iyotani, "Japan and the Problem of Foreign Workers", Oct. 1990.
F-19. Anderson, T. W. and Naoto Kunitomo, "Asymptotic Robustness of Tests of Overidentifi-cation and Exogeneity", July 1990.
F-18. Takahashi, Akira, "Japan's ODA to the Philippines", July 1990.
F-17. Takahashi, Akira, "Agrarian Reform and Rural Industrialization", July 1990.
F-16. Kunitomo, Naoto, "Improving the Parkin-son's Estimation Method of Security Price Volatilities", June 1990.
F-15. Negishi, Takashi, "Marshallian Tax Bounty Policies and Producers' Surplus", June 1990.
F-14. Negishi, Takashi, "International Exploitations in Marxian and Neo-Marxian Economics", May 1990.
F-13. Kaizuka, Keimei, "The Process of Tax Reform in Japan: A Comparative View", Apr. 1990.
F-12. Kanemoto, Yoshitsugu and W. Bentley MacLeod, "The Ratchet Effect and the Market for Second-Hand Workers", Apr. 1990.
F-11. Ueda, Kazuo "Are Japanese Stock Prices Too High?", Apr. 1990.
F-10. Kanemoto, Yoshitsugu and W. Bentley MacLeod, "The Theory of Contracts and Labor Practices in Japan and the United States", Mar. 1990.
F-9. Negishi, Takashi, "Ricardo and Morishima on Machinery", Mar. 1990.
F-8. Mishra, S. N., "An Introduction to the Study of Indian Economy", Mar. 1990.
F-7. Okuno-Fujiwara, Masahiro and Kaoru Ueda, "Industry Specific Interests and Trade Protection: A Game Theoretic Analysis", Mar. 1990.
F-6. Hizen, Eiichi, "The Demographic Background of the Land Problem in Russia (1880's-1920's): With Special Reference to Developments in Germany", Mar. 1990
F-5. Okuno-Fujiwara, Masahiro, "Industrial Policy in Japan: A Political Economy View", Mar. 1990.
F-4. Uekusa, Masu, "Government Regulations in Japan: Towards Their International Harmonization and Integration", Feb. 1990.
F-3. Negishi, Takashi, "Studies of Thhnen in Japan", Feb. 1990.
F-2. Negishi, Takashi, "Economic Structure and the Theory of Economic Equilibrium", Jan. 1990.
F-1. Anderson, T. W. and Naoto Kunitomo, "Test of Overidentificaiton and Exogeneity in Simultaneous Equation Models", Jan. 1990.


[1989]
F-12. Kaizuka, Keimei, "Tax System and Economic Development: A Case for Japan", Nov. 1989.
F-11. Ueda, Kazuo, "Japanese Capital Outflows", Oct. 1989.
F-10. Anderson, T. W. and Naoto Kunitomo, "Asymptotic Robustness in Regression and Autoregression Based on Lindeberg Conditions", July 1989.
F-9. Kanemoto, Yoshitsugu and W. Bentley MacLeod, "Optimal Labor Contracts with Non-contractible Human Capital", June 1989.
F-8. Kanemoto, Yoshitsugu, "Contract Types in the Property Markets", June 1989.
F-7. Nishimura, Kiyohiko G., "Differential Information, Monopolistic Competition and Investment", June 1989.
F-6. Konishi, Hideki, Masahiro Okuno-Fujiwara and Kotaro Suzumura, "Oligopolistic Competition and Economic Welfare: A General Equilibrium Analysis of Entry Regulation and Tax-Subsidy Schemes", June 1989.
F-5. Okuno-Fujiwara, Masahiro, "On Labour Incentives and Work Norm in Japanese Firms", Feb. 1989.
F-3. Umezawa, Yutaka, "On Discrete-Time Control Processes under Uncertainty: A Decision Theoretic Approach", Feb. 1989.
F-2. Horiuchi, Akiyoshi, "Informational Properties of the Japanese Financial System", Feb. 1989.
F-1. Nishimura, Kiyohiko G., "Indexation and Monopolistic Competition in Labor Markets", Feb. 1989.



[1988]
F-20. Itoh, Motoshige and Kazuharu Kiyono, "The Trade and Industrial Policies of Postwar Japan: A Theoretical Perspective", Nov. 1988.
F-19. Itoh, Motoshige, "Organizational Transaction and Access to the Japanese Import Market", Nov. 1988.
F-18. Negishi, Takashi, "History of Economic Theory (7)", Oct. 1988.
F-17. Komiya, Ryutaro, The Structural and Behavioral Characteristics of Japanese Firms", Sept. 1988.
F-16. Negishi, Takashi, "History of Economic Theory (8)", Sept. 1988.
F-15. Kobayashi, Takao and Akihito Matsui, "Bertrand Competition with Free Entry and the Theory of Contestable Markets", rev. ver., Aug. 1988.
F-14. Ishikawa, Tsuneo, "Saving and Labor Supply Behavior of the Aged Households in Japan", June 1988.
F-13. Nishimura, Kiyohiko G., "Small Information Costs, Rationally 'Irrational' Expectations and the Optimal Government Policy", June 1988.
F-12. Iwai, Katsuhito, "The Evolution of Money: A Search-Theoretic Foundation of Monetary Economics", June 1988.
F-11. Negishi, Takashi, "History of Economic Theory (9)", June 1988.
F-10. Nishimura, Kiyohiko G., "Monopolistic Competition in Labor Markets and Macroeconomic Theory", May 1988.
F-9. Horiuchi, Akiyoshi, "An Overview of the Japanese Financial System: A Perspective of the Economic Analysis of Information", May 1988.
F-8. Horiuchi, Akiyoshi, "Structural Changes in the World Capital Flow and Japan's Role as a Capital Exporter", May 1988.
F-7. Negishi, Takashi, "History of Economic Theory (10)", May 1988.
F-6. Kunitomo, Naoto and Taku Yamamoto, "Conditions of Consistency for Testing Rational Expectation Hypotheses by Vector Autoregres-sive Rational Models and Cointegration", Apr. 1988.
F-5. Negishi, Takashi, "History of Economic Theory (2)", Apr. 1988.
F-4. Nishimura, Kiyohiko G., "Monopolistic Competition Imperfect Information and Macroeconomics", Mar. 1988.
F-3. Iwami, Toru, "Internationalization of Japanese Banking: Factors Affecting its Rapid Growth", Jan. 1988.
F-2. Anderson, T. W. and Naoto Kunitomo, "Asymptotic Robustness of Tests in Simultaneous Equation System", Feb. 1988.
F-1. Itoh, Motoshige, "The Impact of Industrial Structure and Industrial Policy on International Trade", Feb. 1988.



[1987]
F-14. Okuno-Fujiwara, Masahiro and Kazuharu Kiyono, "Second-Mover Advantage in R&D: Innovation and Imitation in Dynamic Oligopoly", Dec. 1987.
F-13. Komiya, Ryutaro, "Japan's Foreign Direct Investment: Facts and Theoretical Considerations", Oct. 1987.
F-12. Iwai, Katsuhito, "What is Macroeconomics?: Knut Wicksell and Macroeconomic Analysis", Oct. 1987.
F-11. Itoh, Motoshige, "International Coordination of Domestic Industrial Policies", Oct. 1987.
F-10. Suzuki, Yukio, "On Selection of Statistical Models", Oct. 1987.
F-9. Takahashi, Akira, "The Impacts of Japanese Aid on Beneficiaries: Observation in Southeast Asia", Oct. 1987.
F-8. Nishimura, Kiyohiko G. and Hiroyuki Toda, "Competition and Macroeconomic Adjustment", Oct. 1987.
F-7. Matsuyama, Kiminori and Motoshige Itoh, "Protection Policy in a Dynamic Oligopoly Market", July 1987.
F-6. Sekiguchi, Yoshiyuki, "Economic Development and Economic Thought of Fascism in Japan", May 1987.
F-5. Okuno-Fujiwara, Masahiro and Kotaro Suzumura, "Strategic Cost-Reduction Investment and Economic Welfare", May 1987.
F-4. Kobayashi, Takao and Akihiko Matsui, "Bertrand Competition with Potential Entry and the Theory of Contestable Markets", Apr. 1987.
F-3. Okuno-Fujiwara, Masahiro and Andrew Postlewaite, "Forward Induction and Equilibrium Refinement", Mar. 1987.
F-2. Okuno-Fujiwara, Masahiro, "Monitoring Cost, Agency Relationship, and Equilibrium Modes of Labor Contract", Feb. 1987.
F-1. Horiuchi, Akiyoshi, "Liberalization of Financial Markets and the Volatility of Exchange Rates: The Experience of the Japanese Yen since 1980", Feb. 1987.



[1986]
F-8. Okuno-Fujiwara, Masahiro, Andrew Postlewaite and Kotaro Suzumura, "Strategic Information Revelation", Dec. 1986.
F-7. Itoh, Motoshige and Takashi Negishi, "Disequilibrium Trade Theories", Oct. 1986.
F-6. Gintis, Herbert and Tsuneo Ishikawa, "Wages, Work Intensity and Labor Hoarding under Uncertain Demand: A State-Contingent Recontracting Model", Oct. 1986.
F-5. Ishikawa, Tsuneo, "On the Sources of Wage Flexibility in the Japanese Labor Market", Sept. 1986.
F-4. Itoh, Motoshige and Kazuharu Kiyono, "Welfare Enhancing Export Subsidies", May 1986.
F-3. Okuda, Hiroshi, "On Some Aspects of the Final Stage of the Russian Peasant Commune: Village Ramen'e and the Strategy of Collectivization", May 1986.
F-2. Kunitomo, Naoto and Taku Yamamoto, "On Incoherency of Testing Rational Expectation Hypotheses by Vector Autoregressive Models", Apr. 1986.
F-1. Kobayashi, Takao, "A No-Speculation Theorem for Economies with Intertemporal Asset Markets", Apr. 1986.



[1985]
F-20. Kaizuka, Keimei, "A Comparative Study on Financial Development", Mar. 1986.
F-19. Nishimura, Kiyohiko G. and Kaoru Ueda, "Imperfect Information and Rigidity of Prices and Wages in Monopolistic-Monopsonistic Competition", Feb. 1986.
F-18. Takemura, Akimichi and Kei Takeuchi, "Some Results on Univariate and Multivariate Cornish-Fisher Expansion: Algebraic Properties and Validity", Feb. 1986.
F-17. Kobayashi, Takao, "Path-Conserving and Path-Unimprovable Strategies in Dynamic Programming", Jan. 1986.
F-16. Komiya, Ryutaro and Motoshige Itoh, "International Trade and Trade Policy of Japan: 1955-1984", Jan. 1986.
F-15. Krishna, Kala and Motoshige Itoh, "Content Protection and Oligopolistic Interactions", Jan. 1986.
F-14. Negishi, Takashi, "Thornton's Criticism of Equilibrium Theory and Mill", Jan. 1986.
F-13. Negishi, Takashi, "Tatonnement and Recontracting", Dec. 1985.
F-12. Uekusa, Masu, "Industrial Organization: The 1970s to the Present", Nov. 1985
F-11. Uekusa, Masu and Hideki Ide, "Industrial Policy in Japan", Nov. 1985.
F-10. Takemura, Akimichi, Maki Momma and Kei Takeuchi, "Prediction and Outlier Detection in Errors-in-Variables Model", Nov. 1985.
F-9. Takeuchi, Kei and Akimichi Takemura, "On Sum of 0-1 Random Variables: II. Multivariate Case", Oct. 1985.
F-8. Takeuchi, Kei and Akimichi Takemura, "On Sum of 0-1 Random Variables: I. Univariate Case", Oct. 1985.
F-7. Itoh, Motoshige and Kiminori Matsuyama, "Protection Policy in a Dynamic Oligopoly Market", Sept. 1985.
F-6. Negishi, Takashi, "Marx and B`hm-Bawerk", Sept. 1985.
F-5. Takeuchi, Kei and Akimichi Takemura, "Eigenfunctions of Association Algebra of Pairings and Zonal Polynomials", Sept. 1985.
F-4. Kunitomo, Naoto and Taku Yamamoto, "Testing Hypotheses and Causal Ordering in Multivariate Time Series Models with an Analysis of Japanese Macroeconomy", Aug. 1985.
F-3. Nakanishi, Yoh, "Labour Unions and the Local Community in Japan: The JICHIRO (The All-Japan Prefectural and Municipal Workers' Union)'s Case", June 1985.
F-2. Nishimura, Kiyohiko G., "Customer Markets and Price Sensitivity", May 1985.
F-1. Okuno, Masahiro, "Competition, Interdependence of Industries and Marshallian Externalities", May 1985.



[1984]
F-9. Hamada, Koichi, "Strategic Aspects of International Fiscal Interdependence", Feb. 1985.
F-8. Okuno, Masahiro and Kotaro Suzumura, "Welfare Criteria for Industrial Subsidies in an Oligopolistic Setting", Jan. 1985.
F-7. Horiuchi, Akiyoshi and Koichi Hamada, "The Political Economy of the Japanese Financial Markets", Jan. 1985.
F-6. Kunitomo, Naoto, "Approximate Distributions and Power of Test Statistics for Overiden-tifying Restrictions in a System of Simultaneous Equations", Jan. 1985.
F-5. Anderson, T. W. and Akimichi Takemura, "Why Do Noninvertible Estimated Moving Averages Occur?", Jan. 1985.
F-4. Kunitomo, Naoto, "Measures of Granger-Causality in Multivariate Autoregressive Time Series Models", Aug. 1984.
F-3. Horiuchi, Akiyoshi, "Economic Growth and Financial Allocation in Postwar Japan", Aug. 1984.
F-2. Nishimura, Kiyohiko G., "Rational Expectations and Price Rigidity in a Monopolistically Competitive Market", Apr. 1984.
F-1. Itoh, Makoto, "The Skilled Labour Problem Reexamined", Mar. 1984.



[1983]
F-14. Kunitomo, Naoto and Taku Yamamoto, "Effects of Misspecifications in Autoregressive Time Series Models", Jan. 1984.
F-13. Nishimura, Kiyohiko, G., "Industrial Customer-Supplier Relations and Cost-Based Pricing", Jan. 1984.
F-12. Nishimura, Kiyohiko, G., "A Note on the Marginal Value of Capital", Dec. 1983.
F-11. Iwai, Katsuhito, "Schumpeterian Dynamics II. Technological Progress, Firm Growth and 'Economic Selection'", Nov. 1983.
F-10. Iwai, Katsuhito, "Schumpeterian Dynamics I. An Evolutionary Model of Innovation and Imitation", Nov. 1983.
F-9. Itoh, Motoshige and Kazuharu Kiyono, "Strategic Export Subsidization Policy and the National Welfare: Lerner's Symmetry Theorem Reconsidered", July 1983.
F-8. Komiya, Ryutaro and Kazuo Yasui, "Japan's Macroeconomic Performance since the First Oil Crisis: Review and Appraisal", 1983.
F-7. Kunitomo, Naoto, T. W. Anderson and Kimio Morimune, "Comparison of Modifications of Limited Information Ban Estimators in Simultaneous Equation Systems", May 1983.
F-6. Yamamoto, Taku and Naoto Kunitomo, "Asymptotic Bias of the Least Squares Estimator for Multivariate Autoregressive Models", Mar. 1983.
F-5. Itoh, Motoshige and Yoshiyasu Ono, "Tariffs vs. Quotas under Duopoly of Heterogeneous Goods", Mar. 1983.
F-4. Hamada, Koichi and Takahiko Mutoh, "International Interest-Rate Differentials and the Volatility of Exchange Rates", Mar. 1983.
F-3. Mutoh, Takahiko and Koichi Hamada, "International Short Term Capital Flow and the Foreign Exchange Rate: Japan 1973-1980", Mar. 1983.
F-2. Hamada, Koichi and Kazumasa Iwata, "National Income, Terms of Trade and Economic Welfare", Mar. 1983.
F-1. Negishi, Takashi, "Non-Walrasian Foundations of Macroeconomics", Jan. 1983.



Series J (Japanese Language Series)

For list (in Japanese) of all discussion papers of J-Series see here.
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