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Commitments and Contests: a Game-Theoretic Perspective on Japanese Vertical Relationships

Author

Listed:
  • Kenji Kojima

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

Various arrangements in vertical relationships have evolved in different countries to attain efficient trading relationships. Vertical relationships in Japan can be identified to have distinctive characteristics in several aspects compared with those in other countries. This study is a comprehensive understanding of Japanese vertical relationships based on the economic theory, particularly game theory and various empirical findings. Insights on the efficiency and governance mechanisms of the vertical relationships can be gained by investigating various arrangements of the vertical relationships from a game-theoretic perspective.

Suggested Citation

  • Kenji Kojima, 2000. "Commitments and Contests: a Game-Theoretic Perspective on Japanese Vertical Relationships," Discussion Paper Series 110, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:110
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    Cited by:

    1. Schmid, Frank A. & Wahrenburg, Mark, 2003. "Mergers and acquisitions in Germany: Social-setting and regulatory framework," CFS Working Paper Series 2003/28, Center for Financial Studies (CFS).
    2. Frank A. Schmid & Mark Wahrenburg, 2002. "Mergers and acquisitions in Germany," Working Papers 2002-027, Federal Reserve Bank of St. Louis.

    More about this item

    Keywords

    Japan; Game theory; Industrial structure;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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