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Information, Incentives and Bargaining in the Japanese Economy - A Microtheory of the Japanese Economy (Paperback, Revised)
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Information, Incentives and Bargaining in the Japanese Economy - A Microtheory of the Japanese Economy (Paperback, Revised)
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This book is not another parable of Japan's economic success; it
provides rich and systematic descriptions of Japanese microeconomic
institutions and interprets their work in terms familiar to Western
economists. A systematic, in-depth analysis of Japanese
institutions of this kind has never been available before. In
making his comparative analysis of the Japanese system, Professor
Aoki critically examines conventional notions about the
microstructure of the market economy that have strongly shaped and
influenced economists' approach to industrial organization (e.g.,
hierarchy as the alternative to the market, the firm as a propery
of the stockholders, and market-oriented incentive contracts).
While these notions may constitute an appropriate foundation for
the analysis of the highly market-oriented Western economies, the
author has found that a more complete understanding of the Japanese
economy requires us to broaden such 'specific' notions. At one
level, therefore, this book may be regarded as a provocative
exercise in comparative industrial organization and the theory of
the firm. To the extent that this approach is convincing, the book
suggests a reordering of focus and emphasis in these studies.
General
Imprint: |
Cambridge UniversityPress
|
Country of origin: |
United Kingdom |
Release date: |
1990 |
First published: |
1988 |
Authors: |
Masahiko Aoki
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Dimensions: |
229 x 152 x 19mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
336 |
Edition: |
Revised |
ISBN-13: |
978-0-521-38681-4 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
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LSN: |
0-521-38681-0 |
Barcode: |
9780521386814 |
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