Moriki Hosoe

• Ph.D(Economics)
• Professor Emeritus at Kyushu University

In this paper, we consider the allocation of authority of policy making between politicians and bureaucrats and analyze the efficiency of the political governances in several political-administrative institutions. In general, politicians pick up the subjects of policy and carry out the policy after the examination of these subjects with bureaucrats...

This paper discusses various aspects of optimal wage contracts in a hierarchical firm. Contracts of wage payment which we introduce are based not only on the amount of the realized revenue (or outputs) but also on a ranking of the observed effort of workers. The principal-agent problem has dealt with optimal incentive contracts where there is diffi...

In this study, we analyze that whether represent and warranty clauses can solve information asymmetries between the seller and the buyer concerning with the firm value and the amount of damages in the future. In concrete, we derive the conditions to be solved the asymmetric information among them under anti-sandbagging provision and pro-sandbagging...

So far the prevalent administrative methods in Japan have been called a preventivism or ex-ante regulation system. This is an administrative method under which the regulatory authority regulates ex-ante the related business world in charge so as not to do unfair behaviours or do “over-competition”. It is contrary to ex-post regulation with rigorous...

In this paper, we consider the economy composed of the firm that requires transportation of raw materials and carriers, and then we examined the problem of whether extended liability or compulsory insurance would be a more desirable system for environmental accidents such as oil pollution. Then we show that extended liability can be a socially desi...

In the development and dynamics of modern society, information and risk are notable keywords not only in the living level but also in economic activities. The feature of this book is to examines various hot topics of applied economy from the point of the view of the economics of information and risk. Particularly, it examines how information and ri...

Main problem to be addressed in this paper is whether mandatory disclosure is necessary, or not. The mandatory disclosure may be in vain, or, even harmful in a sense that some resources are devoted to the regulatory procedure for mandatory disclosure. We investigate the working of the enforcement mechanism of mandatory disclosure and examine the in...

In this paper, after reviewing the basic concepts of incomplete contract, we conduct a fundamental analysis of the transaction mechanism, focusing on the role of bargaining power and transaction-specific investment. When one considers a basic pattern of market transaction (one-to-one and buyer-to-seller transaction), one finds that two important qu...

This book examines interesting new topics in applied economics from the perspectives of the economics of information and risk, two fields of economics that address the consequences of asymmetric information, environmental risk and uncertainty for the nature and efficiency of interactions between individuals and organizations. In the economics of in...

The updated version of these chapters can be found at 10.1007/978-981-13-7036-6_710.1007/978-981-13-7036-6_1110.1007/978-981-13-7036-6

This investigation reveals how regional redistributive policies in two regions and intra-regional migration are developed with income inequality in the framework of fiscal federation. Generally speaking, the main objectives of government are provision of public goods and services and easing of economic inequality among residents. We confine ourselv...

An important feature of this book is its analysis of various contemporary issues in applied economics, distinguished by advanced theoretical research and empirical analysis focusing on Japan and Korea. The book consists of four parts, the first of which investigates economic growth and welfare, using tools of applied analysis. In Part II, it examin...

This book analyzes the various problems of growth, trade and public policy from the perspective of applied economics, based on research in areas such as public policies, trade and regulation, and development economics. Part 1 investigates the broad problems of growth and regional economy, focusing on economic developments in Japan and Korea. Part 2...

In this chapter, we analyze mechanisms of integration and secession among several regions. In particular, we examine a three-region model using policy preference approach when there are policy conflicts among regions. By considering incentives of policy decisions in each region, we show the possibility of integration and secession and how the welfa...

Regional conflicts, which have persisted from ancient times to modern times, have included ethnic wars and wars of conquest. Secession has been the cause and result of regional conflicts. During the last few decades, many national breakouts have occurred. The most dramatic examples were the big bang in Eastern Europe after the disintegration of the...

These days, we have experienced many cases of the nationwide integration and separation, for example, from bloody conflicts of Balkan countries, to the collapse of Soviet Union, to the enlargement of the European Union. Though there are several nations with long-time political stability in history, considerably many countries periodically encounter...

We consider a secession problem with vital resource allocations under the possibility of civil wars. Several examples suggest that natural resource allocation matters. High-value resources such as oil and minerals are often unequally distributed among regions. When the presence of a local ethnic group coincides with large natural resource abundance...

In this chapter, we analyze the endogenous determination of integration and secession by introducing policy preference and policy conflict cost, stressing on representative election and political governance .

In this paper, we analyze the possibility of integration and secession between a majority region and a minority region. There is assumed to be a different preference for public policy between two regions, and a government is assumed to have to offer a constant level of public goods. We introduce two forms of governance, i.e., centralized integratio...

In this paper we consider the design of environmental policies for illegal waste disposal problems using a model that consists of the firm and administration. The first feature of this paper introduces the penalty for evasive action by a firm that illegally disposes wastes. The second clarifies the influence information disclosures exert on policy...

of the politi- cal governances in several political-administrative institutions. In general, politicians pick up the subjects of policy and carry out the policy after the examination of these subjects with bureaucrats. Namely, they clarify the contents of these subjects, consider the basic line of the policy, adjust some stakes, and enact the polic...

The purpose of this article is to analyse the effect of the externalities of industrial pollution on trade patterns and economic geography. Many researchers have studied the effects of agglomeration on regional systems. Krugman (1991) applied the monopolistic competition model to international trade and has thereby contributed to this category of i...

A lot of accidents that cause environmental pollution have happened in recent years, then the public concern with compensation problems for environmental damage has been growing greatly. To solve these problems, many laws and conventions (rules) have been established until now. However, these rules would not be enough to cover all of compensation p...

In this paper, we analyze whether it can decrease the inefficiency of policy making by voting, which it was seen in Lizzeri and Persico (2001), by the central government and about the problem of allocation of political authority between the local and central government which can choose local public goods provision policy or redistribution policy of...

Urban or metropolitan area which results from the concentration of population is due to the existence of economies of scale or agglomeration. At the same time, however, with urban concentration, urban area expands to the outside of the city. Such expansion of urban area generates inner city decay and suburban sprawl. Faced with such problems, many...

In this paper, we examine the effect of spillover and rent seeking on the integration and secession in two regions, using a citizen candidate model. The residents make the voting for the representative considering not only the bargaining of integration but also rent seeking activity by the representative. As a result, in case that there are spillov...

Vicarious liability is usually the absolute liability of employer for mis- conduct of the agent. They have said that if the agent has limited assets, the vi- carious liability leads the employer eectively to monitor the employee and in turn, the employee to take more care. However we can consider another vicarious liability rule under a duty-based...

cal governances in several political-administrative institutions. In general, politicians pick up the subjects of policy and carry out the policy after the examination of these subjects with bureaucrats. Namely, they clarify the contents of these subjects, consider the basic line of the policy, adjust some stakes, and enact the policy. Here, we foc...

九州大学大学院経済学研究院 : 教授 : 経済理論 Kyushu University Faculty of Economics, Professor, theory of economics AN00070058