Information, Corporate Governance, and Institutional Diversity: Competitiveness in Japan, the USA, and the Transitional Economies

Information, Corporate Governance, and Institutional Diversity: Competitiveness in Japan, the USA, and the Transitional Economies

by Masahiko Aoki
     
 

This book uses differences in firm and market regulation and organization to explain differences in national economic performance. These differences affect the way in which firms process information, which is crucial to performance. Applying game theory, contract theory, and information theory, Aoki describes the rules and norms in Japan, the USA, and the

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Overview

This book uses differences in firm and market regulation and organization to explain differences in national economic performance. These differences affect the way in which firms process information, which is crucial to performance. Applying game theory, contract theory, and information theory, Aoki describes the rules and norms in Japan, the USA, and the transitional economies. He shows how firms can achieve—and in the case of Japan, maintain—competitive advantage in international markets.

Product Details

ISBN-13:
9780198297031
Publisher:
Oxford University Press, USA
Publication date:
01/28/2001
Edition description:
New Edition
Pages:
200
Product dimensions:
8.50(w) x 5.70(h) x 1.10(d)

Meet the Author

Masahiko Aoki is Henri and Tomoye Takahashi Professor of Japanese Studies and Professor of Economics at Stanford University and Director-General of the Research Institute of Japan's Ministry of International Trade and Industry. His work on the theory of the firm, the Japanese economy, and comparative economic institutions has given rise to many widely read publications, including The Japanese Main Bank System (co-edited with Hugh Patrick) and The Co-operative Game Theory of the Firm.

Table of Contents

Preface to the English Edition, 2000
Foreword to the Original Japanese Edition, 1995
1What is Comparative Institutional Analysis?1
2Organizational Diversity and Comparative Informational Efficiency22
3The Evolutionary Game and Multiple Equilibria43
4Corporate Governance and Institutional Complementarity60
5The Main Bank System and Government Regulations76
6Relevance to Corporate Governance in Transition Economies95
7Gains from Diversity and Institutional Reform in the Japanese Economy120
Postscript 2000141
AppTowards a Comparative Institutional Analysis: Motivations and Some Tentative Theorizing159
Index181

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