Information, Incentives and Bargaining in the Japanese Economy by Masahiko Aoki
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Information, Incentives and Bargaining in the Japanese Economy
By Masahiko Aoki

Information, Incentives and Bargaining in the Japanese Economy

A Microtheory of the Japanese Economy

By (author) See other recent books by Masahiko Aoki
Format: Paperback

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Information, Incentives and Bargaining in the Japanese Economy by Masahiko Aoki

Book Description

This book is not another parable of Japan's economic success; it provides rich and systematic descriptions of Japanese microeconomic institutions and interprets their work in terms familiar to Western economists. A systematic, in-depth analysis of Japanese institutions of this kind has never been available before. In making his comparative analysis of the Japanese system, Professor Aoki critically examines conventional notions about the microstructure of the market economy that have strongly shaped and influenced economists' approach to industrial organization (e.g., hierarchy as the alternative to the market, the firm as a propery of the stockholders, and market-oriented incentive contracts). While these notions may constitute an appropriate foundation for the analysis of the highly market-oriented Western economies, the author has found that a more complete understanding of the Japanese economy requires us to broaden such 'specific' notions. At one level, therefore, this book may be regarded as a provocative exercise in comparative industrial organization and the theory of the firm. To the extent that this approach is convincing, the book suggests a reordering of focus and emphasis in these studies.

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Book Details

ISBN: 9780521386814
ISBN-10: 0521386810
Format: Paperback
(228mm x 152mm x 19mm)
Pages: 336
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Jan-1990
Country of Publication: United Kingdom

Other Editions...


Books By Author Masahiko Aoki

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China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial systems, but also the social and cultural impact of growth.

Global Macro Economy and Finance by Masahiko Aoki Global Macro Economy and Finance, Paperback (October 2012)

This volume explores the measurement of economic and social progress in our societies, and proposes new frameworks to integrate economic dimensions with other aspects of human well-being. Leading economists analyse the light that the recent crisis has shed on the global economic architecture, and the policies needed to address these systemic risks.

Institutions and Comparative Economic Development by Masahiko Aoki Institutions and Comparative Economic Development, Hardback (October 2012)

This collection of essays from eminent scholars discusses different phases and measures of economic development, evaluating the success of national economic transitions and providing valuable policy lessons for developing economies.

Complexity and Institutions: Markets, Norms and Corporations by Masahiko Aoki Complexity and Institutions: Markets, Norms and Corporations, Hardback (October 2012)

Drawing on behavioural, experimental and neoclassical economics, this volume brings together eminent academics and practitioners to provide working macroeconomic models and explore the social norms governing a post-crisis financial world.

» View all books by Masahiko Aoki

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