Japanese Economic Review最新文献

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Experiments on lotteries for shrouded and bundled goods: Investigating the economics of fukubukuro 包裹和捆绑商品的彩票实验:福袋经济学研究
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-08-03 DOI: 10.1111/jere.12194
Chaikal Nuryakin, Alistair Munro
{"title":"Experiments on lotteries for shrouded and bundled goods: Investigating the economics of fukubukuro","authors":"Chaikal Nuryakin,&nbsp;Alistair Munro","doi":"10.1111/jere.12194","DOIUrl":"10.1111/jere.12194","url":null,"abstract":"<p><i>Fukubukuro</i> (or lucky bag) is a familiar institution in Japan and elsewhere in which the exact contents of a New Year sales item are hidden from the consumer before purchase. Motivated by the fukubukuro example and the lack of evidence on risk attitudes in lotteries involving goods, we conduct a laboratory experiment in which the outcomes are bundled or unbundled goods. The implied gains to a monopoly seller for marketing goods in lottery form rather than separately are only clearly positive for lotteries where there is a higher probability of obtaining the more highly valued good.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"70 2","pages":"168-188"},"PeriodicalIF":1.2,"publicationDate":"2018-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12194","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129251878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Identification of Dynamic Models of Rewards Programme 奖励计划动态模型的识别
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-07-08 DOI: 10.1111/jere.12188
Andrew T. Ching, Masakazu Ishihara
{"title":"Identification of Dynamic Models of Rewards Programme","authors":"Andrew T. Ching,&nbsp;Masakazu Ishihara","doi":"10.1111/jere.12188","DOIUrl":"10.1111/jere.12188","url":null,"abstract":"<p>“Frequent-buyer” rewards programmes are commonly used by companies as a marketing tool to compete for market share. They provide a unique environment for studying consumers’ forward-looking behaviour. The consumer's problem on accumulating reward points can be formulated as a stationary infinite horizon discrete choice dynamic programming model. We show that the parameters of this model, including the discount factor, are well-identified. In particular, it is possible to identify state-dependent discount factors (i.e. discount factors can vary with the number of reward points). We discuss how this identification result is related to the goal-gradient hypothesis studied in the consumer psychology literature.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"69 3","pages":"306-323"},"PeriodicalIF":1.2,"publicationDate":"2018-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12188","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80538868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Brand Loyalty and Generic Entry: Why do Brand-Name Drug Companies Launch Their Own Generics? 品牌忠诚度和仿制药准入:为什么名牌药公司推出自己的仿制药?
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-07-08 DOI: 10.1111/jere.12189
Yunyun Wan
{"title":"Brand Loyalty and Generic Entry: Why do Brand-Name Drug Companies Launch Their Own Generics?","authors":"Yunyun Wan","doi":"10.1111/jere.12189","DOIUrl":"10.1111/jere.12189","url":null,"abstract":"<p>Facing generic competition, brand-name drug companies sometimes launch their own generics called “authorised generics” (AGs) through a third-party entity. If that strategy works, an AG should be launched for every branded drug that comes off patent. This, however, contradicts the fact that only a small proportion of branded drugs have had AGs. To explain this puzzle, I develop a two-period model in which a brand-name drug company exploits its name brand before generic entry. The model predicts that the brand-name company launches an AG only when brand loyalty is sufficiently weak.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"69 3","pages":"340-346"},"PeriodicalIF":1.2,"publicationDate":"2018-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12189","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115021098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Strategic Product Line Choice under Asymmetric Demand Structure 非对称需求结构下的战略产品线选择
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-07-04 DOI: 10.1111/jere.12186
Levent Kutlu, Alper Nakkas
{"title":"Strategic Product Line Choice under Asymmetric Demand Structure","authors":"Levent Kutlu,&nbsp;Alper Nakkas","doi":"10.1111/jere.12186","DOIUrl":"10.1111/jere.12186","url":null,"abstract":"<p>We examine strategic product line choices of manufacturers in a stylised duopoly model where products have asymmetric and interdependent market conditions. We characterise the optimal product line decisions and show that manufacturers always prefer to have head-to-head competition (and never segment markets) when product line setup cost is small relative to profitability of the products. When setup costs are high, symmetric manufacturers may prefer to have asymmetric product lines or market segmentation. We show that high setup costs lead to the market segmentation outcome only if there is no significant market size difference and the level of product substitutability is moderate.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"69 3","pages":"347-359"},"PeriodicalIF":1.2,"publicationDate":"2018-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12186","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132433930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Improving the Performance of a Long-Run Variance Ratio Test for a Unit Root 改进单位根长期方差比检验的性能
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-07-02 DOI: 10.1111/jere.12185
Hugo Ferrer-Pérez, María-Isabel Ayuda, Antonio Aznar
{"title":"Improving the Performance of a Long-Run Variance Ratio Test for a Unit Root","authors":"Hugo Ferrer-Pérez,&nbsp;María-Isabel Ayuda,&nbsp;Antonio Aznar","doi":"10.1111/jere.12185","DOIUrl":"10.1111/jere.12185","url":null,"abstract":"<p>Cai and Shintani (2006, <i>Econometric Theory</i>, 22, 347–372) considered the impact of introducing an inconsistent long-run variance estimator when constructing a class of kernel-based ratio tests for testing non-stationarity in the series. They found that the quotient of two estimators with different rates of convergence under the null and the alternative hypotheses may lead to a test having an interesting size and power trade-off. This paper develops modified versions of this test, presents new asymptotic results and tabulates critical values. The finite sample performance is explored through Monte Carlo simulations. The results show that the modifications proposed lead to more powerful unit root tests.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"70 2","pages":"258-274"},"PeriodicalIF":1.2,"publicationDate":"2018-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12185","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122126625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Empirical Analysis of Brands: A Survey 品牌实证分析:一项调查
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-07-02 DOI: 10.1111/jere.12187
Hitoshi Hayakawa, Susumu Imai, Kazuko Nakata
{"title":"Empirical Analysis of Brands: A Survey","authors":"Hitoshi Hayakawa,&nbsp;Susumu Imai,&nbsp;Kazuko Nakata","doi":"10.1111/jere.12187","DOIUrl":"10.1111/jere.12187","url":null,"abstract":"<p>In this paper, we survey the empirical analysis of brands. The difficulty in this area of research is that even though a brand is easily identifiable, its economic roles are not directly observable. We first discuss methods where the effect of a brand is measured as the unobservable component of sales or price of a product, which researchers recover as a residual of the sales or price regression. We then describe the approaches to estimate the various roles of brands, such as providing information and increasing the utility of consumption. Finally, we provide examples of research that highlight the role of brands in exploiting the irrationality of consumers for profit.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"69 3","pages":"324-339"},"PeriodicalIF":1.2,"publicationDate":"2018-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12187","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124445746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Male and Female Happiness in Japan During the 2000s: Trends During Era of Promotion of Active Participation by Women in Society 2000年代日本男性和女性幸福感:促进女性积极参与社会的时代趋势
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-05-24 DOI: 10.1111/jere.12183
Nahoko Mitsuyama, Satoshi Shimizutani
{"title":"Male and Female Happiness in Japan During the 2000s: Trends During Era of Promotion of Active Participation by Women in Society","authors":"Nahoko Mitsuyama,&nbsp;Satoshi Shimizutani","doi":"10.1111/jere.12183","DOIUrl":"10.1111/jere.12183","url":null,"abstract":"<p>Female happiness has been paradoxically declining over recent decades in reverse proportion to expanding opportunities for women in developed countries, but this subject has not been explored in Japan. Using JGSS, we found that Japanese women have been slightly happier in both absolute and relative terms to men in the 2000s. While happiness of men aged 35–49 and 65 and over temporarily declined in the first half of the decade, women in age groups 20–34 and 65 and over gained happiness in the second half. Moreover, trends in life satisfaction in terms of economic aspects are similar for men and women, slightly advantageous to men in marriage, and largely advantageous to women in non-market and non-family aspects.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"70 2","pages":"189-209"},"PeriodicalIF":1.2,"publicationDate":"2018-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12183","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121458086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Effects of Pregnancy and Birth on Smoking and Drinking Behaviours: A Comparative Study Between Men and Women 怀孕和出生对吸烟和饮酒行为的影响:一项男女比较研究
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-05-24 DOI: 10.1111/jere.12184
Eiji Yamamura, Yoshiro Tsutsui
{"title":"Effects of Pregnancy and Birth on Smoking and Drinking Behaviours: A Comparative Study Between Men and Women","authors":"Eiji Yamamura,&nbsp;Yoshiro Tsutsui","doi":"10.1111/jere.12184","DOIUrl":"10.1111/jere.12184","url":null,"abstract":"<p>Using panel data obtained from monthly surveys for 3 years, we examined how the effects of life events on smoking and drinking behaviours differ between men and women. The key findings were that: (i) consumption of alcohol and cigarettes by men and women were lower during pregnancy and after childbirth than before pregnancy; (ii) pregnancy and childbirth led women to stop drinking and led men to reduce their alcohol consumption but not to stop drinking; and (iii) marriage, pregnancy and childbirth led women to stop smoking and marriage and birth led men to stop smoking but the effects of pregnancy on men are unclear.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"70 2","pages":"210-234"},"PeriodicalIF":1.2,"publicationDate":"2018-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12184","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132829089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
In Memoriam 为纪念
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-05-02 DOI: 10.1111/jere.12181
Professor Michio Hatanaka
{"title":"In Memoriam","authors":"Professor Michio Hatanaka","doi":"10.1111/jere.12181","DOIUrl":"https://doi.org/10.1111/jere.12181","url":null,"abstract":"","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"69 2","pages":"131-132"},"PeriodicalIF":1.2,"publicationDate":"2018-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12181","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137777090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A Mixed Duopoly With Switching Costs 具有转换成本的混合双寡头垄断
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2018-04-24 DOI: 10.1111/jere.12182
Jorge Fernández-Ruiz
{"title":"A Mixed Duopoly With Switching Costs","authors":"Jorge Fernández-Ruiz","doi":"10.1111/jere.12182","DOIUrl":"10.1111/jere.12182","url":null,"abstract":"<p>We examine the effects of switching costs in a two-period Hotelling-type model where a profit-maximising private firm competes with a welfare-maximising public firm. We show that, in contrast with the case in which both firms are private, where switching costs raise prices in both periods, in the mixed duopoly they raise prices in the second period but reduce them in the first period. Moreover, the first-period price reduction is of such magnitude that switching costs reduce firms’ profits and raise consumer welfare. We also find that switching costs affect the consequences of privatisation in favour of firms and against consumers.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"70 2","pages":"235-257"},"PeriodicalIF":1.2,"publicationDate":"2018-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12182","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123881283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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