J-series EDP

List of all discussion papers


Series F

2015

2014

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

[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 in the Rise of the Factory: The Case of the Japanese Fabric 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: Case of Meiji Restoration Japan", 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-1013: 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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