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Article
Carbon tax vs. emission trading in a monopolistically competitive market with heterogeneous firms
We establish a general-equilibrium model to compare the efficiency of two emission regulation policies used worldwide: the carbon tax (CT) and the emission trading scheme (ETS). Assuming monopolistic competiti...
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Article
Frictional unemployment, bargaining, and agglomeration
This paper examines how matching elasticity and labor bargaining power affect industrial agglomeration in an open economy with frictional labor markets. The analysis is based on a footloose capital model of tw...
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Chapter
Unemployment and Trade in Spatial Economics
Unemployment has become a focal topic of discussion in applied economics. In this paper, we provide an integrated overview of recent theoretical studies that link unemployment problems to spatial economics. We...
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Article
Parallel imports in large develo** countries
We formulate a two-stage game to examine the parallel import (PI) policies for large develo** countries. Two countries, a developed (N) and a develo** (S), make their PI policies in the first stage. A high-qu...
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Article
Capital mobility and spatial inequalities in income and industrial location
This paper considers how imperfect capital mobility affects spatial inequalities in income and industrial location. The framework of Takahashi et al. (2013) is applied to investigate the effects of integrating th...
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Article
Industrial configuration in an economy with low transportation costs
We examine how the spatial economy with multiple industries is shaped when interregional trade costs and intraregional commuting costs are low. All industries are characterized by increasing returns to scale a...
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Article
Spatial inequality, globalization, and footloose capital
This paper shows the equivalence of spatial inequalities in industrial location and in income by revisiting the home market effect (HME) without any homogeneous good based on a reconstructed footloose capital ...
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Article
Tourism and Industrial Agglomeration
Tourism generates considerable income and employment in host countries and regions, which substantially improves local economies. Meanwhile, the manufacturing sector remains the most important part in regional...
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Article
Home Market Effect and Trade Costs
Concerning industrial location, the home market effect (HME) predicts that a large country is a net exporter of industrial goods. Recent literature shows that high transport costs in the traditional sector may...
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Article
Amended final-offer arbitration over an uncertain value: A comparison with CA and FOA
Arbitration is increasingly employed to resolve disputes. Two arbitration mechanisms, conventional arbitration (CA) and final-offer arbitration (FOA) are commonly utilized, but previous theoretical and empiric...
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Chapter
A Laboratory Comparison of Arbitration Mechanisms: FOA and AFOA
Given its lower costs relative to litigation, arbitration is rapidly increasing as a mechanism to settle disputes. While it has traditionally been employed in labor disputes, arbitration has several characteri...
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Article
Redispersion is different from dispersion: spatial economy of multiple industries
In the literature of new economic geography, it is observed that the manufacturing sector disperses because of high transportation costs, agglomerates for intermediate transportation costs, and redisperses for...
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Article
On the Emergence of Intra-industry Trade
This note explores the determinants of intra-industry trade by extending the standard Chamberlinian-Ricardian monopolistic competition trade model (e.g., Krugman, 1979) to have a continuum of industries (e.g.,...
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Article
Policy Stable States in the Graph Model for Conflict Resolution
A new approach to policy analysis is formulated within the framework of the graph model for conflict resolution. A policy is defined as a plan of action for a decision maker (DM) that specifies the DM’s intend...
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Chapter
Approximate Envy-Free Procedures
Consider a situation in which n players divide a cake. Each player has a preference expressed by a measure on the cake. Given a positive number ∈, a cake division is said to be ∈-envy-free, if every player measur...
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Article
Mark-Choose-Cut Algorithms For Fair And Strongly Fair Division
This paper proposes a new criterion to evaluate algorithms for cake division, by the number of resulting pieces. Then, inspired by the idea of "cut-and-choose", we present "mark-choose-cut" algorithms for fair...
