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

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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.

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Product Details

  • ISBN-13: 9780198297031
  • Publisher: Oxford University Press, USA
  • Publication date: 1/28/2001
  • 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.

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Table of Contents

Preface to the English Edition, 2000
Foreword to the Original Japanese Edition, 1995
1 What is Comparative Institutional Analysis? 1
2 Organizational Diversity and Comparative Informational Efficiency 22
3 The Evolutionary Game and Multiple Equilibria 43
4 Corporate Governance and Institutional Complementarity 60
5 The Main Bank System and Government Regulations 76
6 Relevance to Corporate Governance in Transition Economies 95
7 Gains from Diversity and Institutional Reform in the Japanese Economy 120
Postscript 2000 141
App Towards a Comparative Institutional Analysis: Motivations and Some Tentative Theorizing 159
Index 181
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