ProjectProfessor/Guest Professor(Part-time),Keio University
Editorship and Related Work
1986-1991
Editor, Journal of the Japanese and International Economies.
1992-
Associate Editor, Journal of the Japanese and International Economies.
1989-1995
Co-editor, Economic Theory.
1991-1996
Co-editor, Journal of Economics and Management Strategy.
1994-1998
Associate Editor, Journal of Economic Theory.
1996-
Member, Editorial Board, Seoul Journal of Economics.
Committee Services
1992-1997
Council Member, The Econometric Society.
2001-2006
Council Member, The Econometric Society.
1992-1994
Director, Tokyo Center for Economic Research.
1998-2002
Member of the Executive Committee, The Game Theory Society
1999-2003
Member of the Council, The Game Theory Society
1999-
Charter Member and Fellow, The Game Theory Society
2000/4-2001/3
Vice-President, Japan Economic Association
2001/4-2002/3
President, Japan Economic Association
2010/6-2012/5
President, Japanese Association for Applied Economics
Professional Organizations
The Econometric Society
The Game Theory Society (Charter Member)
The Japan Economic Association
Tokyo Center for Economic Research
Japanese Association for Applied Economics
Awards and Fellowships
Kikawada Fellowship, 1980.
Nihon Keizai Shimbun Economic Book Award, 1988.
Kotsu Tosho (Transportation Book) Award, 1990.
Fellow, Econometric Society, elected in 1990.
Fellow, Game Theory Society, elected in 1999.
Ph.D. Dissertation
Essays on Monetary Equilibrium in a Sequence of Markets, submitted to Stanford University, December, 1973.
Published Articles
General Equilibrium with Money: Indeterminacy of Price Level and Efficiency, Journal of Economic Theory, Vol.12(3), June 1976, pp.402-415.
Efficiency in an Atomless Economy with Fiat Money, (with G.Jaynes and D.Schmeidler) International Economic Review, Vol.19(1), February 1978, pp.149-156.
On a Monetary Equilibrium in a Generation Overlapping Economy, International Economic Review, Vol.19(2), June 1978, pp.351-361.
The Role of Money in Supporting the Pareto Optimality of Competitive Equilibrium in Consumption-Loan Type Models, (with D.Cass and I.Zilcha) Journal of Economic Theory, Vol.20(1), February 1979, pp.41-80. (Republished in J.H.Kareken and N.Wallace (eds.) Models of Monetary Economies, Federal Reserve Bank of Minneapolis, Minneapolis, 1980, pp.13-48.)
Oligopoly and Competition in Large Markets, (with A.Postlewaite and J.Roberts) American Economic Review, Vol.70(1), March 1980, pp.22-31.
On the Efficiency of a Competitive Equilibrium in Infinite Horizon Monetary Economies, (with I.Zilcha), Review of Economic Studies, Vol.47(4), July 1980, pp.797-807.
Bankruptcy, Limited Liability and Financial Intermediation: A General Equilibrium Approach, The Economic Studies Quarterly, Vol.31(2), August 1980, pp.139-149.
A Proof of the Existence of Competitive Equilibrium in a Generation-Overlapping Exchange Economy with Money, (with I.Zilcha) International Economic Review, Vol.22(1), February 1981, pp.239-252.
On a Class of Programs which Are 'Acceptable' from Intergenerationally Distributive Viewpoints, The Economic Studies Quarterly, Vol.33(1), April 1982, pp.67-73.
Approximately Monetary Equilibrium in Overlapping Generations Economy, (with I.Zilcha) European Economic Review, Vol.19, 1982, pp.213-228.
The Burden of Debt and Intergenerational Distribution, Keizai-Kenkyu (Economic Review), Vol.34(3), July 1983, pp.203-215.
Optimal Steady-State in Stationary Consumption-Loan Type Models, (with I.Zilcha), Journal of Economic Theory, Vol.31(2), December 1983, pp.355-363.
Corporate Loyalty and Bonus Payments: an Analysis of Work Incentives in Japan, in M.Aoki (ed.) The Economic Analysis of the Japanese Firm, 1984, North-Holland, Amsterdam, pp.387-411.
An Allocation Rule Using Linear Excess Demand Functions, (with D.Schmeidler) in W.Hildenbrand and A.Mas-Colell (eds.) Contributions to Mathematical Economics: Essays in Honor of G.Debreu, North-Holland, Amsterdam, 1986, pp.361-85.
Economic Analysis of Industrial Policy: A Conceptual Framework through the Japanese Experience, (with K.Suzumura) in H.Mutoh, S.Sekiguchi, K.Suzumura and I.Yamazawa (eds.) Industrial Policies for Pacific Economic Growth, Allen & Unwin, Sydney, 1986, pp.23-41.
Monitoring Cost, Agency Relationship, and Equilibrium Modes of Labor Contract, Journal of the Japanese and International Economies, Vol.1(2), June 1987, pp.147-67.
Industrial Policy in Japan: An Overview and Evaluations, (with K.Suzumura) in R.Sato and P.Wachtel (eds.) Japan-U.S. Trade Friction and Economic Policy, Cambridge University Press, Cambridge, 1987, pp.50-79.
Industrial Policy as a Corrective to Market Failures, (with M.Itoh, K.Kiyono and K.Suzumura) in R.Komiya, M.Okuno and K.Suzumura (eds), Industrial Policy of Japan, Academic Press, New York, 1988, pp.233-55.
Industrial Promotion and Trade, (with M.Itoh, K.Kiyono and K.Suzumura) in R.Komiya, M.Okuno and K.Suzumura (eds.) Industrial Policy of Japan, Academic Press, New York, 1988, pp.257-78.
Interdependence of Industries, Coordination Failure and Strategic Promotion of an Industry, Journal of International Economics, Vol.25(1/2), August 1988, pp.25-43.
Second-Mover Advantage in R&D Innovation and Imitation in Dynamic Oligopoly, (with K.Kiyono) The Economic Studies Quarterly, Vol.39(4), December 1988, pp.356-77.
Game Theory and Economics: Introduction, (with M.Kaneko) The Economic Studies Quarterly, Vol.39(4), December 1988, pp.289-90.
Labor Relations and the Firm: Comparative Perspectives: Editor's Introduction, (with T.Ito) Journal of the Japanese and International Economics, Vol.3(4), December 1989, pp.333-44.
On Labor Incentives and Work Norm in Japanese Firms, Journal of the Japanese and International Economies, Vol.3(4), December 1989, pp.367-84.
Strategic Information Revelation, (with A.Postlewaite and K.Suzumura) Review of Economic Studies, Vol.57(1), January 1990, pp.25-47.
Oligopolistic Competition and Economic Welfare: A General Equilibrium Analysis of Entry Regulation and Tax-Subsidy Schemes, (with H.Konishi and K.Suzumura) Journal of Public Economics, Vol.42(1), 1990, pp.67-88.
Bargaining and Market Behavior in Jerusalem, Ljubljana, Pittsburgh, and Tokyo: An Experimental Study, (with A.Roth, V.Prasnikar and S.Zamir) American Economic Review, Vol.81(5), 1991, pp.1068-95.
Industry Specific Interests and Trade Protection: A Game Theoretic Analysis, (with K.Kiyono and K.Ueda) Economic Studies Quarterly, Vol.42(4), 1991, pp.347-361.
Industrial Policy in Japan: A Political Economy View, in P.Krugman (ed.) Trade with Japan: Has the Door Opened Wider?, University of Chicago Press, Chicago, 1991, pp.271-96. (Reprinted in Industrial Policy and Competitive Advantage, (ed.) David Audretsch, Edward Elgar, Chelternham, 1998).
Refining Cheap-Talk Equilibria, (with S.Matthews and A.Postlewaite), Journal of Economic Theory, Vol.55(2), 1991, pp.247-273.
Symmetric Cournot Oligopoly and Economic Welfare: A Synthesis, (with K.Suzumura) Economic Theory, Vol.3(1), 1993, pp.43-59.
Belief-Based Refinements in Signaling Games, (with G.Mailath and A.Postlewaite) Journal of Economic Theory, Vol.60(2), August 1993, pp.241-76. (revision of "Forward Induction and Equilibrium Refinement," (with A.Postlewaite), February 1987.)
Social Norms and Random Matching Games, (with A.Postlewaite) Games and Economic Behavior, Vol.9(1), April 1995, pp.79-109.
The Economic System of Contemporary Japan: Its Structure and Possibility of Change, Japanese Economic Studies, Vol.22, 1994, pp.76-98. (translation of "Gendai Nihon no Keizai Shisutemu: Sono Kozo to Kaikaku no Kano-sei" in T.Okazaki and M.Okuno (eds.) Gendai Nihon Keizai Shisutemu no Genryu, Nihon Keizai Shimbun Sha, 1993.)
Competition through Endogenized Tournaments: An Interpretation of the 'Face-to-Face' Competition, (with H.Konishi and Y.Suzuki), Journal of the Japanese and International Economics, Vol.10, 1996, pp.199-232..
Beyond the East Asian Miracle: Introducing the Market Enhancing View, (with M. Aoki and K. Murdock), M. Aoki, H-K. Kim and M. Okuno-Fujiwara (eds.) The Role of Government in East Asian Economic Development: A Comparative Institutional Analysis, Oxford University Press, 1996, pp.1-37.
Toward A Comparative Institutional Analysis of Government Business Relationship, M. Aoki, H-K. Kim and M. Okuno-Fujiwara (eds.) The Role of Government in East Asian Economic Development: A Comparative Institutional Analysis, Oxford University Press, 1996, pp.373-406.
“Keynote Address: The Role of Government in the East Asian Economic Development,” (Ch.21), T.Yanagihara and S.Sambommatsu (eds.), East Asian Development Experience: Economic System Approach and Its Applicability, Institute of Developing Economics, Tokyo, 1997, pp.453-465.
“Evolution of Economic Systems: The Case of Japan,” (with T. Okazaki), Y.Hayami and M.Aoki (eds.) The Institutional Foundations of East Asian Economic Development, IEA Conference Volume No.127, McMillan Press Ltd., 1998, pp.482-521.
“The Role and Limits of Government in Fostering East Asia’s Economic Progress,” Knowledge Links, Issue No.1, Volume 1, Summer 1998
Japan’s Present-Day Economic System and Its Historical Origins, (with T.Okazaki), T. Okazaki and M. Okuno-Fujiwara (eds.) The Japanese Economic System and its Historical Origins, Oxford University Press, 1999, pp.1-37.
Japan’s Present-Day Economic System: Its Structure and Potential for Reform, T. Okazaki and M. Okuno-Fujiwara (eds.) The Japanese Economic System and its Historical Origins, Oxford University Press, 1999, pp.266-282.
“The Economic System of Contemporary Japan: Its Structure and the Possibility of Change,” K. Sato (ed.) The Transformation of the Japanese Economy, M. E. Sharpe, 1999, pp.95-114.
“Risk Attitudes of Anesthesiologists and Surgeons in Clinical Decision Making with Expected Years of Life,” (with Yoshinori Nakata, Takahisa Goto, MD and Shigeho Morita), Journal of Clinical Anesthesia, Vol.12(2), Mar. 2000, pp.146-150.
“Comments on‘Markets for Information Goods’by Hal R. Varian,” Monetary policy in a world of knowledge-based growth, quality change and uncertain measurement (edited by Kunio Okina and Tetsuya Inoue), Basingstoke : Palgrave, 2001, pp.100-102.
Social Relations and Endogenous Culture, Japanese Economic Review, Vol.53(1), 2002, pp.1-24.
Evolution and Interaction of Conventions, (with A. Matsui), Japanese Economic Review, Vol.53(2), June 2002, pp.141-53.
“Domestic and International Strategic Interactions in Environment Policy Formation,” (with K.Kiyono), Economic Theory, Vol. 21(2-3), 2003, pp.613-633.(Also published in C.D.Aliprantis, K.J.Arrow, P.Hammond, F.Kubler, H-M.Wu and N.C.Yannelis (eds.) Assets, Beliefs and Equilibria in Economic Dynamics: Essays in Honor of Mordecai Kurz,Springer, 2004, pp.515-536.)
”Efficiency and Diversity in Voluntarily Repeated Prisoner’s Dilemma,” (with T. Fujiwara-Greve), Mathematical Economics (a collection of papers presented at the symposium on mathematical economics sponsored by the Research Institute for Mathematical Sciences (RIMS), Kyoto University, which was held during November 18~20, 2005), RIMS, May 2006,（『京都大学数理解析研究所講究録１４８８』）pp.156-176.
“An Interview with Hirofumi Uzawa” (with Karl Shell), Macroeconomic Dynamics, Vol.13(3), June 2009, pp.390-420.
Strategic International Agreement on Global Environment Management, (with Kazuharu Kiyono), The Waseda Journal of Political Science and Economics, No.378-379, October 2010, pp.8-21.
Voluntarily Separable Repeated Prisoner's Dilemma with Reference Letters, (with Takako Fujiwara-Greve, and Nobue Suzuki), Games and Economic Behavior, Vol.74(2), March 2012, pp.504-516.
“Symposium on International Trade and Industrial Organization: Introduction,” (with Kenzo Abe and Jota Ishikawa), Japanese Economic Review, Vol. 63(2), June 2012, pp. 149–151.
“Efficiency May Improve When Defectors Exist,” (with Takako Fujiwara-Greve and Nobue Suzuki), Economic Theory, Vol.60(3), November 2015, pp.423-460.
Books
Industrial Policy in Japan, (co-edited with R.Komiya and K.Suzumura) Academic press, New York, 1988.
Economic Analysis of Industrial Policy, (with M.Itoh, K.Kiyono and K.Suzumura, translated by A.Khosla) Academic Press, New York, 1991.
The Role of Government in East Asian Economic Development: A Comparative Institutional Analysis, (edited with M. Aoki and H-K. Kim), Oxford University Press, 1996.
The Japanese Economic System and its Historical Origins, (edited with T. Okazaki) Oxford University Press, 1999.
