Details about Makoto Yano

Homepage:	http://www.kier.kyoto-u.ac.jp/~yano/
Workplace:	Institute of Economic Research, Kyoto University, (more information at EDIRC) Research Institute of Economy, Trade and Industry (RIETI), (more information at EDIRC)

Access statistics for papers by Makoto Yano.

Last updated 2021-03-06. Update your information in the RePEc Author Service.

Short-id: pya263

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Working Papers

2020

1. Covid-19 Pandemic and Politics: The Cases of Florida and Ohio
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
2. Economic Black Holes and Labor Singularities in the Presence of Self-replicating Artificial Intelligence
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
   Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2019)
3. FCPA and Market Quality in Emerging Economies
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
4. The Fukushima Nuclear Accident and the Set of Values of the Japanese People (Japanese)
   Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
5. Three Minds Equal Manjushari's Wisdom: An Anatomy of Informal Social Learning with Heterogenous Agents by the Hierarchical Bayesian Approach
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2019

6. Blockchain Business and its Regulation
   Policy Discussion Papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)
   See also Chapter Blockchain Business and Its Regulation, Economics, Law, and Institutions in Asia Pacific, Springer (2020) View citations (1) (2020)
7. Creation of a Blockchain and a New Ecosystem
   Policy Discussion Papers, Research Institute of Economy, Trade and Industry (RIETI)
   See also Chapter Creation of Blockchain and a New Ecosystem, Economics, Law, and Institutions in Asia Pacific, Springer (2020) (2020)
8. Market Quality Theory and the Coase Theorem in the Presence of Transaction Costs
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)
9. Markets and Laws that support the digital era (Japanese)
   Policy Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI)
10. Two-dimensional Constrained Chaos and Time in Innovation: An analysis of industrial revolution cycles
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)

2017

11. Household Income and the OECD's Four Types of Social Capital
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
12. In many emerging economies corruption, poor quality of information and poor governance lead to restricted entry. In this paper we analyze the determinants of the.height.of entry barrier in a developing economy where established.rms often use dubious means to deter entry of other.rms. We analyse this scenario in a three-stage game of entry deterrence. The incumbent has incomplete information about the entrant.s costs but can increase this cost by resorting to unfair means (for example, bribing a politician who harms the entrant). Higher is the bribe, higher will be the entry cost and hence lower will be the incentive to enter. In our set-up bribe serves as a proxy for.height.of entry barrier. The entrant observes its cost and decides whether or not to enter. We completely characterise the optimal bribe and show that this depends on the market size, the.di¤erentiation.parameter (whether goods are substitutes or complement) and the extent of uncertainty. Uncertainty seems to increase bribe and decrease market quality. We also show that zero bribe need not maximise total surplus and market quality. Our results seem to be compatible with anecdotal evidences from an emerging economy like India
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2014

13. Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model
    Post-Print, HAL View citations (6)
    Also in AMSE Working Papers, Aix-Marseille School of Economics, France (2013)
    Working Papers, HAL (2013)
    See also Journal Article Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model, Economic Theory, Springer (2014) View citations (6) (2014)

2012

14. Price Competition or Tacit Collusion
    KIER Working Papers, Kyoto University, Institute of Economic Research View citations (3)

2010

15. A Fundamental Difficulty Underlying International Harmonization of Competition Policies
    KIER Working Papers, Kyoto University, Institute of Economic Research
    See also Journal Article Fundamental difficulty underlying international harmonization of competition policies, International Journal of Economic Theory, The International Society for Economic Theory (2011) View citations (1) (2011)
16. A Two-Country Game of Competition Policies
    KIER Working Papers, Kyoto University, Institute of Economic Research View citations (1)
    See also Journal Article A Two‐Country Game of Competition Policies, Review of International Economics, Wiley Blackwell (2011) (2011)
17. Observability of Chaotic Economic Dynamics in the Matsuyama Model
    KIER Working Papers, Kyoto University, Institute of Economic Research
18. The Turnpike of Dynamic General Equilibrium Paths and its Insensitivity to Initial Conditions
    Levine's Working Paper Archive, David K. Levine View citations (4)
    See also Journal Article The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions, Journal of Mathematical Economics, Elsevier (1984) View citations (26) (1984)

2008

19. Macroeconomic volatility and welfare loss under free-trade in two-country models
    Working Papers, HAL View citations (1)
20. Optimal growth and competitive equilibrium business cycles under decreasing returns in two-country models
    Working Papers, HAL View citations (1)
    See also Journal Article Optimal Growth and Competitive Equilibrium Business Cycles under Decreasing Returns in Two‐Country Models*, Review of International Economics, Wiley Blackwell (2009) View citations (5) (2009)
21. The Foundation of Market Quality Economics
    Keio/Kyoto Joint Global COE Discussion Paper Series, Keio/Kyoto Joint Global COE Program View citations (1)
    See also Journal Article THE FOUNDATION OF MARKET QUALITY ECONOMICS*, The Japanese Economic Review, Japanese Economic Association (2009) View citations (32) (2009)

2006

22. ENDOGENOUS FLUCTUATIONS IN TWO-COUNTRY MODELS
    Post-Print, HAL View citations (6)
    See also Journal Article ENDOGENOUS FLUCTUATIONS IN TWO‐COUNTRY MODELS*, The Japanese Economic Review, Japanese Economic Association (2006) View citations (8) (2006)

1995

23. Aid, Non-Traded Goods and the Transfer Paradox in Small Countries
    Working Papers, Southern California - Department of Economics View citations (2)
    See also Journal Article Aid, Nontraded Goods, and the Transfer Paradox in Small Countries, American Economic Review, American Economic Association (1999) View citations (45) (1999)

1987

24. THE INFLUENCE OF TECHNOLOGY AND DEMAND CONDITIONS ON FUTURES PRICES AND HEDGING
    Economic Research Papers, University of Warwick - Department of Economics
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1987)

Journal Articles

2021

1. Corruption, market quality, and entry deterrence in emerging economies
   International Journal of Economic Theory, 2021, 17, (1), 101-117 View citations (5)
2. Idiosyncratic Information and Vague Communication
   American Political Science Review, 2021, 115, (1), 165-178 View citations (2)
3. Introduction
   International Journal of Economic Theory, 2021, 17, (1), 3-5

2020

4. Introduction
   International Journal of Economic Theory, 2020, 16, (1), 3-5 View citations (2)

2019

5. Ergodic chaos for non‐expansive economic models**
   International Journal of Economic Theory, 2019, 15, (3), 311-320 View citations (1)
6. In Memoriam: Professor Tapan Mitra
   International Journal of Economic Theory, 2019, 15, (3), 229-229
7. Introduction
   International Journal of Economic Theory, 2019, 15, (1), 3-8
8. Trade and indeterminacy revisited
   International Journal of Economic Theory, 2019, 15, (1), 37-51 View citations (2)
9. Two-sided altruism as a motive for intergenerational transfer
   Studies in Nonlinear Dynamics & Econometrics, 2019, 23, (4), 8 View citations (1)

2018

10. Introduction
    International Journal of Economic Theory, 2018, 14, (1), 3-8
11. Price competition or price leadership
    Economic Theory, 2018, 66, (4), 1023-1057 View citations (8)

2017

12. Introduction
    International Journal of Economic Theory, 2017, 13, (1), 3-3

2016

13. Introduction
    International Journal of Economic Theory, 2016, 12, (1), 3-5

2014

14. Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model
    Economic Theory, 2014, 55, (2), 357-392 View citations (6)
    See also Working Paper Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model, Post-Print (2014) View citations (6) (2014)
15. Market quality and market infrastructure in the South and technology diffusion
    International Journal of Economic Theory, 2014, 10, (1), 139-146 View citations (8)
16. Participation of Ordinary Investors and Stock Market Quality: A Comparison between Japanese and US Markets
    Pacific Economic Review, 2014, 19, (5), 537-558
17. Wilfred J. Ethier on trade and trade policy
    International Journal of Economic Theory, 2014, 10, (1), 1-7

2013

18. Introduction to the Special Issue of Pacific Economic Review on Capital Movements, Fragmentation, and Market Quality
    Pacific Economic Review, 2013, 18, (5), 559-560
19. Macroeconomic dynamics and its micro foundation: A special issue in honor of Cuong Le Van
    International Journal of Economic Theory, 2013, 9, (1), 1-3
20. Optimal ergodic chaos under slow capital depreciation
    International Journal of Economic Theory, 2013, 9, (1), 57-67 View citations (2)

2012

21. COMPARATIVE DYNAMICS IN STOCHASTIC MODELS WITH RESPECT TO THE L∞–L∞ DUALITY: A DIFFERENTIAL APPROACH
    Macroeconomic Dynamics, 2012, 16, (S1), 127-138
22. INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE IN HONOR OF KAZUO NISHIMURA: NONLINEAR DYNAMICS IN EQUILIBRIUM MODELS
    Macroeconomic Dynamics, 2012, 16, (S1), 1-4 View citations (1)
23. Legacy of Lionel McKenzie, 1
    International Journal of Economic Theory, 2012, 8, (1), 1-7 View citations (1)
24. Legacy of Lionel McKenzie, 2
    International Journal of Economic Theory, 2012, 8, (2), 115-123
25. The von Neumann–McKenzie facet and the Jones Duality theorem in two-sector optimal growth
    International Journal of Economic Theory, 2012, 8, (2), 213-226 View citations (13)

2011

26. A Two‐Country Game of Competition Policies
    Review of International Economics, 2011, 19, (2), 207-218
    See also Working Paper A Two-Country Game of Competition Policies, KIER Working Papers (2010) View citations (1) (2010)
27. EDITORIAL
    Pacific Economic Review, 2011, 16, (5), 537-537
28. Fundamental difficulty underlying international harmonization of competition policies
    International Journal of Economic Theory, 2011, 7, (1), 111-118 View citations (1)
    See also Working Paper A Fundamental Difficulty Underlying International Harmonization of Competition Policies, KIER Working Papers (2010) (2010)
29. Introduction
    International Journal of Economic Theory, 2011, 7, (1), 1-6
30. Private defense of intellectural properties and economic growth
    International Journal of Development and Conflict, 2011, 1, (3), 355-364 View citations (2)

2010

31. Expectation‐driven fluctuations and welfare loss under free trade in two‐country models
    International Journal of Economic Theory, 2010, 6, (1), 97-125 View citations (12)
32. The 2008 World Financial Crisis and Market Quality Theory
    Asian Economic Papers, 2010, 9, (3), 174-194
33. Trade imbalances and harmonization of competition policies
    Journal of Mathematical Economics, 2010, 46, (4), 438-452 View citations (1)

2009

34. Introduction
    Review of International Economics, 2009, 17, (2), 207-208
35. Koji Shimomura: A Memoir
    Review of International Economics, 2009, 17, (2), 209-229
36. Optimal Growth and Competitive Equilibrium Business Cycles under Decreasing Returns in Two‐Country Models*
    Review of International Economics, 2009, 17, (2), 371-391 View citations (5)
    See also Working Paper Optimal growth and competitive equilibrium business cycles under decreasing returns in two-country models, Working Papers (2008) View citations (1) (2008)
37. THE FOUNDATION OF MARKET QUALITY ECONOMICS*
    The Japanese Economic Review, 2009, 60, (1), 1-32 View citations (32)
    See also Working Paper The Foundation of Market Quality Economics, Keio/Kyoto Joint Global COE Discussion Paper Series (2008) View citations (1) (2008)

2008

38. Altruism as a motive for intergenerational transfers
    International Journal of Economic Theory, 2008, 4, (1), 95-114 View citations (4)
39. Competitive fairness and the concept of a fair price under Delaware law on M&A
    International Journal of Economic Theory, 2008, 4, (2), 175-190 View citations (18)
40. Introduction
    International Journal of Economic Theory, 2008, 4, (2), 135-136
41. On Professor Takashi Negishi's contributions to economic theory
    International Journal of Economic Theory, 2008, 4, (2), 137-149
42. Special Issue on Nonlinear Macroeconomic Dynamics Introduction
    International Journal of Economic Theory, 2008, 4, (1), 1-2 View citations (2)

2006

43. A price competition game under free entry
    Economic Theory, 2006, 29, (2), 395-414 View citations (13)
44. ENDOGENOUS FLUCTUATIONS IN TWO‐COUNTRY MODELS*
    The Japanese Economic Review, 2006, 57, (4), 516-532 View citations (8)
    See also Working Paper ENDOGENOUS FLUCTUATIONS IN TWO-COUNTRY MODELS, Post-Print (2006) View citations (6) (2006)
45. Endogenous price leadership and technological differences
    International Journal of Economic Theory, 2006, 2, (3‐4), 365-383 View citations (12)
46. INTRODUCTION
    The Japanese Economic Review, 2006, 57, (4), 455-456
47. Introduction
    International Journal of Economic Theory, 2006, 2, (3‐4), 171-173
48. Network externalities, discrete demand shifts, and submarginal-cost pricing
    Canadian Journal of Economics, 2006, 39, (2), 455-476 View citations (7)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2006, 39, (2), 455-476 (2006) View citations (1)
49. SHORT‐RUN TRADE SURPLUS CREATION IN A TWO‐SECTOR SETTING
    The Japanese Economic Review, 2006, 57, (4), 476-482 View citations (1)

2005

50. ANNOUNCEMENT
    The Japanese Economic Review, 2005, 56, (1), 39-40
51. Coexistence of large firms and less efficient small firms under price competition with free entry
    International Journal of Economic Theory, 2005, 1, (3), 167-188 View citations (8)
52. WELFARE LOSSES FROM NON‐TARIFF BARRIERS: THE JAPANESE BEEF QUOTA CASE*
    The Japanese Economic Review, 2005, 56, (4), 457-468

2004

53. Working and Training: A Nonlinear Dynamic Analysis of Human Capital Development
    The Japanese Economic Review, 2004, 55, (2), 119-140 View citations (1)

2003

54. Trade, Vertical Production Chain, and Competition Policy
    Review of International Economics, 2003, 11, (2), 237-252 View citations (5)

2001

55. Chaotic Equilibrium Dynamics in Endogenous Growth Models
    Journal of Economic Theory, 2001, 96, (1-2), 97-132 View citations (36)
56. Trade Imbalance and Domestic Market Competition Policy
    International Economic Review, 2001, 42, (3), 729-50 View citations (11)

1999

57. Aid, Nontraded Goods, and the Transfer Paradox in Small Countries
    American Economic Review, 1999, 89, (3), 431-449 View citations (45)
    See also Working Paper Aid, Non-Traded Goods and the Transfer Paradox in Small Countries, Working Papers (1995) View citations (2) (1995)
58. On the existence of chaotic solutions in dynamic linear programming1This paper is a part of Keynote address entitled Nonlinear Dynamics and Economic Cycles delivered by Kazuo Nishimura at the International Congress on Modelling and Simulation held in Hobart, Australia (December 8–11, 1997) in which he gave a survey of earlier works he had done with Makoto Yano and other authors on the nonlinear dynamics in the field of optimal growth.1
    Mathematics and Computers in Simulation (MATCOM), 1999, 48, (4), 487-496
59. Stability and Turnpike Theorems in Dynamic Competitive Equilibrium
    The Japanese Economic Review, 1999, 50, (4), 398-421 View citations (7)

1998

60. Interior Optimal Chaos with Arbitrarily Low Discount Rates
    The Japanese Economic Review, 1998, 49, (3), 223-233 View citations (8)
61. On the Dual Stability of a von Neumann Facet and the Inefficacy of Temporary Fiscal Policy
    Econometrica, 1998, 66, (2), 427-452 View citations (23)
62. The role of capital depreciation in multi-sectoral models
    Journal of Economic Behavior & Organization, 1998, 33, (3-4), 467-479 View citations (17)

1996

63. On the Least Upper Bound of Discount Factors That Are Compatible with Optimal Period-Three Cycles
    Journal of Economic Theory, 1996, 69, (2), 306-333 View citations (26)

1995

64. Durable capital and chaos in competitive business cycles
    Journal of Economic Behavior & Organization, 1995, 27, (2), 165-181 View citations (5)
65. Nonlinear Dynamics and Chaos in Optimal Growth: An Example
    Econometrica, 1995, 63, (4), 981-1001 View citations (68)

1994

66. Ergodic Chaos in Optimal Growth Models with Low Discount Rates
    Economic Theory, 1994, 4, (5), 705-17 View citations (32)
67. Optimal Chaos, Nonlinearity and Feasibility Conditions
    Economic Theory, 1994, 4, (5), 689-704 View citations (16)
68. Social capital as a public good and an oscillatory behaviour
    Ricerche Economiche, 1994, 48, (3), 185-193 View citations (1)

1993

69. Interlinkage in the Endogenous Real Business Cycles of International Economies
    Economic Theory, 1993, 3, (1), 151-68 View citations (18)

1991

70. International Transfers: Strategic Losses and the Blocking of Mutually Advantageous Transfers
    International Economic Review, 1991, 32, (2), 371-82 View citations (3)
71. Temporary transfers in a simple dynamic general equilibrium model
    Journal of Economic Theory, 1991, 54, (2), 372-388 View citations (9)

1990

72. A Local Theory of Cooperative Games
    International Journal of Game Theory, 1990, 19, (3), 301-24 View citations (6)
73. Von neumann facets and the dynamic stability of perfect foresight equilibrium paths in neo-classical trade models
    Journal of Economics, 1990, 51, (1), 27-69 View citations (8)

1989

74. Comparative statics in dynamic stochastic models: Differential analysis of a stochastic modified golden rule state in a banach space
    Journal of Mathematical Economics, 1989, 18, (2), 169-185 View citations (3)
75. Voluntary Export Restraints and Expectations: An Analysis of Export Quotas in Oligopolistic Markets
    International Economic Review, 1989, 30, (4), 707-23 View citations (10)

1987

76. Forward Exchange, Futures Trading, and Spot Price Variability: A General Equilibrium Approach
    Econometrica, 1987, 55, (6), 1433-50 View citations (8)

1985

77. Competitive Equilibria on Turnpikes in a McKenzie Economy, II: An Asymptotic Turnpike Theorem
    International Economic Review, 1985, 26, (3), 661-69 View citations (13)

1984

78. Competitive Equilibria on Turnpikes in a McKenzie Economy, I: A Neighborhood Turnpike Theorem
    International Economic Review, 1984, 25, (3), 695-717 View citations (20)
79. The primal route to the turnpike and asymptotic stability
    Journal of Mathematical Economics, 1984, 13, (3), 225-234 View citations (7)
80. The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions
    Journal of Mathematical Economics, 1984, 13, (3), 235-254 View citations (26)
    See also Working Paper The Turnpike of Dynamic General Equilibrium Paths and its Insensitivity to Initial Conditions, Levine's Working Paper Archive (2010) View citations (4) (2010)

1983

81. Welfare aspects of the transfer problem
    Journal of International Economics, 1983, 15, (3-4), 277-289 View citations (29)

1982

82. A note on the existence of an optimal capital accumulation in the continuous time horizon
    Journal of Economic Theory, 1982, 27, (2), 421-429

1980

83. Turnpike Theory: Some Corrections
    Econometrica, 1980, 48, (7), 1839-40 View citations (1)

Edited books

2020

1. Blockchain and Crypto Currency
   Economics, Law, and Institutions in Asia Pacific, Springer View citations (3)

2012

2. Nonlinear Dynamics in Equilibrium Models
   Springer Books, Springer View citations (2)

Chapters

2020

1. Bitcoin and Blockchain Technology
   Springer
2. Blockchain Business and Its Regulation
   Springer View citations (1)
   See also Working Paper Blockchain Business and its Regulation, Research Institute of Economy, Trade and Industry (RIETI) (2019) View citations (2) (2019)
3. Correction to: Blockchain and Crypto Currency
   Springer
4. Creation of Blockchain and a New Ecosystem
   Springer
   See also Working Paper Creation of a Blockchain and a New Ecosystem, Research Institute of Economy, Trade and Industry (RIETI) (2019) (2019)
5. Market Quality Approach to IoT Data on Blockchain Big Data
   Springer View citations (3)
6. Theory of Money: From Ancient Japanese Copper Coins to Virtual Currencies
   Springer

2009

7. On Yano's Price Leadership Game
   Springer

Editor

1. Economics, Law, and Institutions in Asia Pacific
   Springer
2. International Journal of Economic Theory
   The International Society for Economic Theory