Information, Incentives and Bargaining in the Japanese Economy

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